I'm stumped guys... keep the s2k or get an rsx?
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You're gonna lose your shirt trading the car in... you won't get what you think you will for it.
$4400/year for insurance is insane by the way. Whatever factors exist that cause your insurance to be that high are still going to exist when you try to insure an RSX-S (which isn't even much less to insure than the S2K). You'll be paying a lot either way.
If I were you, I'd probably get a used Accord coupe V6. Quicker than a stock Type-S and draws even less attention. Less on the insurance as well. Plus it'd be more comfortable than an S2K or RSX-S for daily driving.
$4400/year for insurance is insane by the way. Whatever factors exist that cause your insurance to be that high are still going to exist when you try to insure an RSX-S (which isn't even much less to insure than the S2K). You'll be paying a lot either way.
If I were you, I'd probably get a used Accord coupe V6. Quicker than a stock Type-S and draws even less attention. Less on the insurance as well. Plus it'd be more comfortable than an S2K or RSX-S for daily driving.
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From: SD 619 ...
Originally Posted by stooken,Nov 29 2006, 10:36 PM
looks like you didnt do enough research or thinking for that matter before buying the car. you should have known that you'd be driving that car during the winter and parking downtown.
people who don't thoroughly research a major purchase are morons, especially something such as a $30k vehicle that is your only vehicle of the moment
GL whatever you do
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From: SD 619 ...
Originally Posted by Ek9,Dec 1 2006, 09:41 AM
A house is an investment for the future. A car's just a liability. My house is worth 2-3 times what I paid for it 5 years ago, even with the current downturn. I could sell it today and practically retire (I'm 43). I doubled my money on my old house too (bought at 110K, sold at 230K).
Car's aren't assets, they tools like hammers. You get them, use them, and watch as their value goes down. A house makes you money. The tax deduction from a house might reduce your taxes enough that you can make a decent car payment even. I write off proably 25-30K in interest payments off my taxes every year. I bought my first house when I was 23 and just out of the army. I've been moving up ever since.
Car's aren't assets, they tools like hammers. You get them, use them, and watch as their value goes down. A house makes you money. The tax deduction from a house might reduce your taxes enough that you can make a decent car payment even. I write off proably 25-30K in interest payments off my taxes every year. I bought my first house when I was 23 and just out of the army. I've been moving up ever since.
unless you are 60-70 years old, you couldn't retire on the profit, give me a break
I see your point and agree, but lets not get dumb and make statements like the above. A house is a much better investment, but you need to keep in mind this guy might not be able to afford the mortgage, taxes, insurance, and other assorted bills that come with owning a home. People forget all the 'other' things you have to pay for like yard, broken fixtures, upgrading a roof, kitchen remodel, etc
Plus a lot of people simply like the ease of living in an apt or condo...
But in the end, of course owning property is a better investment for your money on a straight up comparison. Also depends where you live.
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From: Kalamazoo, MI
Id say get a $2000-4k beater and use that as your primary car in the winter months. Put the S in storage.
I drive my S 9 months of the year. The other 3 it sits in storage(my garage). $10 a month for insurance I just can't drive it at all. Sucks, but saves so much money each year. During the 3 months I drive a 96 explorer and just have plpd on it.
Im turning 23 here on wensday and own my own 2 houses. Rent one out and my roommates play for 80% of the bills of the one im in. Works out great.
Cars are horriable investments. Houses/land are the best investments.
I drive my S 9 months of the year. The other 3 it sits in storage(my garage). $10 a month for insurance I just can't drive it at all. Sucks, but saves so much money each year. During the 3 months I drive a 96 explorer and just have plpd on it.
Im turning 23 here on wensday and own my own 2 houses. Rent one out and my roommates play for 80% of the bills of the one im in. Works out great.
Cars are horriable investments. Houses/land are the best investments.
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From: 茨城県
Originally Posted by volkdc2,Nov 30 2006, 11:32 AM
ok this is the deal...im about to buy an s2k and i live in jersey. figure that the east coast gets about 2 weeks of snow every year or so...a little more or a little less lets say. the first 2 days the snow will be cleared off the ground. in those 2 days, just make sure that u have snow tires and you drive carefully. as for the room...u gotta ask yourself if u constantly drive with people or is it mostly you and someone else. im my situation i either drive by myself or with the company of my girlfriend, so it works.
another thing...ive always been into the honda scene, being that my first and only car was an integra. we all know that the honda scene in particular, with the exception of some cars other than civics or integras, is very risky. given that the s2000 is generally a less stolen car than most other hondas, i would not worry about keeping it at a downtown parking lot. the only real thing that ricers want from the s2 is the seats and steering wheel. nothing else would serve them any purpose. the cars they target the most are integras and civics ( hence why my integra got stolen out of my college campus in pure dailight with cops around). with the b series motors dying out a bit, the new k series motors especially the rsx-type s one is becoming a very popular swap for young kids to do on their civics (hence the fact that the type s insurance is wayyy higher than the s2) i was paying $2000 a year for my integra. i just got my insurance quote for the s2k and it came out to $550 every six months which turns out to be $1100 every year. thats a very big different given that one car is just an integra and the other is a rwd 240hp convertible sports car.
i would reconsider the fact of going back to the type s. in the long run i think that the s2k will be of better use to you. if not try to invest in a "normal" and "not so stolen" car such as any toyota or nissan. but knowing that i come from a spot where car theft is skyrocketing, take it from me that u wouldnt want to be driving a type s. i know a lot of thieves that live in my city and i can tell you right now that they will target a type s EVERY TIME instead of an s2k. just think about that...just my.02 cents
another thing...ive always been into the honda scene, being that my first and only car was an integra. we all know that the honda scene in particular, with the exception of some cars other than civics or integras, is very risky. given that the s2000 is generally a less stolen car than most other hondas, i would not worry about keeping it at a downtown parking lot. the only real thing that ricers want from the s2 is the seats and steering wheel. nothing else would serve them any purpose. the cars they target the most are integras and civics ( hence why my integra got stolen out of my college campus in pure dailight with cops around). with the b series motors dying out a bit, the new k series motors especially the rsx-type s one is becoming a very popular swap for young kids to do on their civics (hence the fact that the type s insurance is wayyy higher than the s2) i was paying $2000 a year for my integra. i just got my insurance quote for the s2k and it came out to $550 every six months which turns out to be $1100 every year. thats a very big different given that one car is just an integra and the other is a rwd 240hp convertible sports car.
i would reconsider the fact of going back to the type s. in the long run i think that the s2k will be of better use to you. if not try to invest in a "normal" and "not so stolen" car such as any toyota or nissan. but knowing that i come from a spot where car theft is skyrocketing, take it from me that u wouldnt want to be driving a type s. i know a lot of thieves that live in my city and i can tell you right now that they will target a type s EVERY TIME instead of an s2k. just think about that...just my.02 cents
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So, you're skeptical huh? I bought in at $310, current value's assess at about $8-900k, I'm sitting on 10 acres in Northern VA. You can't even buy a town house around here for under 300K these days. Nothern VA is protected from most downturns by the federal government being just a couple miles away in DC. That and we're a high tech corridor.
A car isn't an investment at all. They can't even be compared. A car's an accessory like an XBOX or home theater. You sink money into them and never get anything monetary back out of them. I know you're agreeing with me but, too many people think of a car as "investment" when it's not.
Berner9's got it right. Houses first, toys second.
But in the end, of course owning property is a better investment for your money on a straight up comparison. Also depends where you live.
Berner9's got it right. Houses first, toys second.
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From: Connecticut
Originally Posted by SD_S2K,Dec 1 2006, 03:40 PM
This is all I have to say, I agree 100%
people who don't thoroughly research a major purchase are morons, especially something such as a $30k vehicle that is your only vehicle of the moment
GL whatever you do
people who don't thoroughly research a major purchase are morons, especially something such as a $30k vehicle that is your only vehicle of the moment
GL whatever you do
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From: Connecticut
Originally Posted by vbeachboy,Dec 1 2006, 03:30 PM
You're gonna lose your shirt trading the car in... you won't get what you think you will for it.
$4400/year for insurance is insane by the way. Whatever factors exist that cause your insurance to be that high are still going to exist when you try to insure an RSX-S (which isn't even much less to insure than the S2K). You'll be paying a lot either way.
If I were you, I'd probably get a used Accord coupe V6. Quicker than a stock Type-S and draws even less attention. Less on the insurance as well. Plus it'd be more comfortable than an S2K or RSX-S for daily driving.
$4400/year for insurance is insane by the way. Whatever factors exist that cause your insurance to be that high are still going to exist when you try to insure an RSX-S (which isn't even much less to insure than the S2K). You'll be paying a lot either way.
If I were you, I'd probably get a used Accord coupe V6. Quicker than a stock Type-S and draws even less attention. Less on the insurance as well. Plus it'd be more comfortable than an S2K or RSX-S for daily driving.
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From: Connecticut
Originally Posted by Ek9,Dec 1 2006, 12:41 PM
A house is an investment for the future. A car's just a liability. My house is worth 2-3 times what I paid for it 5 years ago, even with the current downturn. I could sell it today and practically retire (I'm 43). I doubled my money on my old house too (bought at 110K, sold at 230K).
Car's aren't assets, they tools like hammers. You get them, use them, and watch as their value goes down. A house makes you money. The tax deduction from a house might reduce your taxes enough that you can make a decent car payment even. I write off proably 25-30K in interest payments off my taxes every year. I bought my first house when I was 23 and just out of the army. I've been moving up ever since.
Car's aren't assets, they tools like hammers. You get them, use them, and watch as their value goes down. A house makes you money. The tax deduction from a house might reduce your taxes enough that you can make a decent car payment even. I write off proably 25-30K in interest payments off my taxes every year. I bought my first house when I was 23 and just out of the army. I've been moving up ever since.
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