Err, was referring to getting actual cash back on annual tax returns. Some are happy to get cash back when they file their tax returns, even though they are just getting their own money back, which they gave to the government in the form of an interest free loan. I think what I originally meant to say was that even though it may seem as if your car appreciated in value because you can sell it for a higher dollar amount at the present compared to the initial purchase, that doesn't mean it appreciated in value.

But enough about this. I'm drunk.

 

Got it now. I agree that lending the govt. money interest free is not a wise thing. I won't opine on the rest as it's a math problem and, as you stated, you were drunk. I hope you didn't wake up with a hangover.

 

Well if the car was $35, now $20K there are no returns. You have to figure in all of this inflation is eating away at any 'increases' you're seeing in dollar values.

I suspect, based on the nature of the car you'll see them stabilize. The fact is you can get them for $8-9K so not every car is fetching top dollar.

For me it's interesting to see that I've doubled the miles but the price has stayed the same since I bought it. I did buy it the worst month for car sales. I wouldn't ever pick a car as an investment.

 

i don't think its gonna be anything special. i see ap1 for 13k good and salvage with 100k miles for 8grand.. if it doesn't sell prices are gonna keep on dropping.. prices have already dropped so much. my bone stock 01 with hardtop, oem lip ap2 wheels with 67k cost me $12.9. i know they stopped making at but they made it for like 10yr. i think pple are gonna start getting bigger and better things.

 

Im just glad that i got a car that 10 years ago ( mines an 03 ) was $40k plus.. for the $17k tat title out the door a few years ago. Im enjoying her and modding her and making her mine. Im not going to hold onto a car and treat it good just to sell to someone else years later for a few more bucks. Enjoy the car and dont consider it a money venture

 

AP1 engines are gone now...

 

You guys all miss the key points and have so many generalities here it's so misleading....

The car is NO LONGER MADE. Low mileage mint cars will fetch top dollar because you can't buy a new one, simple economics.

As for beat up cars, salvage title, stolen cars, checkered history, high mileage abused cars, well those are bottom of the barrel cars that will be cheap and passed from one to another like a cheap hooker.

Just look at the classified or Ebay, 2008+ cars are holding very steady in price. If your car is a GPW and has less than 20k miles, you got a gem for sure provided it's none of the things mentioned above.


Will conclude with the statement cars are not generally investments but if you buy the right cars, you will NOT lose money.

 

A lot of good points. I'm not looking it as an investment at all, my brother owns an 2001 S2000, and I recently sold my 2007 HR 350z. I really enjoy driving his S2000 but don't plan on purchasing another car for at least two years, and was just wondering what everyone thought about future prices.

 

Rick have you factored in the cost to insure, put on the road and inflation into this?

 

Wow, I don't ever recall "being in a place like this before". I've been watching values on both our S2000 and our RSX-S, both holding up nicely (42K and 61K miles resp) and our third car's value has been skyrocketing. Maybe I should sell all three and get a Prius, pocket the difference.

I'll admit to a minor giggle after reading that then almost immediately seeing the sig-file photo in post #8. To each his own, I guess.