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Formula for estimating S2000 values

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Old 01-11-2018, 02:42 PM
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Question Formula for estimating S2000 values

I remember someone on here came up with a formula that take into consideration of model year and mileage to determine approximately how much a S2000 is worth, but I can't seems to find it anymore. Does anyone know what I'm talking about?
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Old 01-11-2018, 03:01 PM
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Old 01-11-2018, 03:12 PM
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Or perhaps the discussion in the buying high mileage thread?
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Old 01-11-2018, 03:17 PM
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Originally Posted by GuthNW View Post
Or perhaps the discussion in the buying high mileage thread?
this is it! thanks

i was specifically looking for this "based on $20,000 and 40,000 miles for a 2006. Add/subtract $1000 for every year older or newer and for every 10,000 miles under or over."
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Old 01-11-2018, 06:38 PM
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Hmm, let's see...
$20k
4 * $1k per year = 4k
13 * $1k per 10k over 40k = 13k

Apparently my car is worth $3k
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Old 01-12-2018, 12:13 PM
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I've always done the $16k = 2006 with 60k miles formula (easy to remember...because there's 6 in each price, year and miles)

Subtract/Add $1k per 1 year under/over from 2006 and under/over 10k miles from 60k miles

Examples:
2008 with 20k miles = $16k + $2k + $4k = $22k
2003 with 90k miles = $16k - $3k - $3k = $10k
So, it kinda works for lower mileage cars. Maybe add $1-3k more for a more realistic going rate.
Add $3-4k for hardtop.

But, it doesn't work at all with high mileage cars though, haha:
2001 with 160k miles = $16k - $5k - $10k = $1k
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Old 01-12-2018, 05:02 PM
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Originally Posted by Jah2000 View Post
I've always done the $16k = 2006 with 60k miles formula (easy to remember...because there's 6 in each price, year and miles)

Subtract/Add $1k per 1 year under/over from 2006 and under/over 10k miles from 60k miles

Examples:
2008 with 20k miles = $16k + $2k + $4k = $22k
2003 with 90k miles = $16k - $3k - $3k = $10k
So, it kinda works for lower mileage cars. Maybe add $1-3k more for a more realistic going rate.
Add $3-4k for hardtop.

But, it doesn't work at all with high mileage cars though, haha:
2001 with 160k miles = $16k - $5k - $10k = $1k
Seems a little low to me. First, I feel a 2006 w/60k would go for slightly more. Second, a year ago I sold my '02 w/70k all stock for $13,900 - your formula says $11k. If you show me where you can buy a decent '02 w/70k for $11k, I'll buy it today!
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Old 01-12-2018, 05:50 PM
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this is it! thanks

i was specifically looking for this "based on $20,000 and 40,000 miles for a 2006. Add/subtract $1000 for every year older or newer and for every 10,000 miles under or over."
That's the rule of thumb I developed a couple of years ago based on my buying experience. Might want to substitute $22,000 for the base. Car assumed to have all 10 VIN stickers, good roof, good wheels and be in "detailed" condition. No need to be a 100 point car but it helps. Very old high mileage cars fall out of the model of course.

-- Chuck
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Old 01-14-2018, 02:40 PM
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Originally Posted by Jah2000 View Post
I've always done the $16k = 2006 with 60k miles formula (easy to remember...because there's 6 in each price, year and miles)

Subtract/Add $1k per 1 year under/over from 2006 and under/over 10k miles from 60k miles

Examples:
2008 with 20k miles = $16k + $2k + $4k = $22k
2003 with 90k miles = $16k - $3k - $3k = $10k
So, it kinda works for lower mileage cars. Maybe add $1-3k more for a more realistic going rate.
Add $3-4k for hardtop.

But, it doesn't work at all with high mileage cars though, haha:
2001 with 160k miles = $16k - $5k - $10k = $1k

LOL, my car would be worth - $$$.

I think there is a bottom end regardless of year or mileage. I would say a CLEAN TITLED, decent running and driving S2000 with minimal mods would bottom out at around $7500-$8000?
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Old 01-14-2018, 08:19 PM
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Originally Posted by Fivepointnine View Post
I think there is a bottom end regardless of year or mileage. I would say a CLEAN TITLED, decent running and driving S2000 with minimal mods would bottom out at around $7500-$8000?
You're likely right about there being some sort of "bottom end", but even then there are a lot of variables involved such as the particular market that your searching within. So the low-end of the scale here in Oregon might be different than the low-end of the scale in a place like Ohio for example. This doesn't seem to be as simple as just a supply / demand issue. Relatively speaking, there are a LOT of these cars for sale here in the Pacific Northwest. From the sounds of it, there are probably more new S2000s listed for sale every month in my local market than there are every year where Chuck S lives. He has previously noted that S2000s rarely come up for sale where he's at (in fact the number of cars that he stated typically come up for sale yearly sounded stunningly low to me). Yet if anything it sounds like S2000s a priced a fair bit higher out here than most other parts of the country (but then that tends to hold true for most vehicles in general).

Regardless of the market, those S2000s that retain a clean title, with the fewest modifications, in great condition (especially those with service documentation) will always sell for the most money. For the sake of comparison, looking over the cars currently for sale here in the PNW, even high mileage, early model AP1s meeting the above stated requirements are priced at $10,000 and above. If you find an S2000 for less than $10,000 out here then you can also typically expect it to have a rebuilt/salvage title. You can still find a few of these cars with clean titles selling for four figures out here, but they are getting harder and harder to find.
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