Official Is This Car Worth It Thread vol 3
Totally agree with this. While i never understood the mentality of someone thinking about resale value on a car (you bought it so you could drive it, not so you could break even in 4 years), the lower mileage one will suit you better for what you plan on doing with the car. While it does come with some mods, it will retain its value longer due to the lower mileage. If you plan on selling it in a few years, depending on the condition and how many are left on the streets, the car can sell for quite the pretty penny if under 100k miles.
Any car that is in good condition and that has been well maintained complete with records of that maintenance carries additional value. With a car like the S2000 where maintenance is so important, the value of such records is even greater in my opinion. Relatively speaking, 95K miles can still be considered low mileage on these cars and that car would have likely made for a good buy. But if you are buying primarily with resale value in mind then stick to a car in the best condition, with the lowest miles, in the rarest color combination that you can afford. Any miles you put on these cars decreases their value which is of great irony given how fun they are to drive. Only you can decide which is of more value to you personally: the experience of driving one of these cars or the amount you get in return when you sell it to someone else to enjoy. Regardless of any of this, when these cars are offered at fair prices for what they are they tend to go quickly.
For me, it'll be $17k tops and the front bumper would need to be repainted. (I personally de-value the later years because of the electronic nannies, but that's just me)
I have a 2004 for which I am the original owner. I have only 16,000 miles on it. The car is in great shape, other than a few scrapes on the front bumper from a flat tire I got a few months ago. I really enjoy this car and would love to keep it, but my insurance for it is killing me as I have two sons on the policy as well. They can't even drive a manual transmission, but my insurance still charges me for their ability to drive it.
I was wondering if anyone knows any way to insure the car separately, maybe under some collector car insurance or something like that where only I, or my wife, can drive it, and maybe with limited miles annually.
Second option is to sell, and wondering what I could get for it.
Anyway, I would prefer to keep it if my annual costs weren't so much.
Thoughts?
I understand what you are saying. Personally I try to avoid drive-by-wire cars but the reality is that has nothing to do with the value of the car as far as the market is concerned. For the benefit of someone who is looking to buy one of these cars it is probably best if I try to keep my preferences out of the equation when the subject of pricing comes up. While there are exceptions to every rule from a value / pricing standpoint, all other things being equal, the later cars bring more money. There are multiple reasons for this. I am not talking about collector cars with a few thousand miles where anything goes, but about the “regular S2000s” that people buy to drive.










