anyone notice that?

I was listing my car for sale, and checking auto-trader. It came to my surprise that my car is not depreciating. im 2nd guessing if i should still keep it, knowing that ill probably buy another one down the line. Would you do it? I don't have room for a 2nd car and its been a hassle having two cars.

cheers to everyone with a S.

 

I kbb'ed my car when I first bought it 3.5 years ago for 18k. It kbb'ed for 19k. I have an 05 and it had 16.8k miles at the time.

Now with 33k miles it kbb's at just under 25k. They are appreciating in value and that's why I'm holding on to mine.

 

bought mine 5 years ago for 13k....checked kbb the other day and in good condition it says its worth 13.5k....not a bad investment id say, especially since a vehicle is usually the worst investment you can make because you almost always lose money on it

 

That is inflation, not appreciation.

 

 

Maybe, but also consider that even with inflation, the value of 99% of cars out ther steadily decreases, this meaning that it is depreciating at a rate faster than inflation. These cars seem to have their value go up at or faster than the rate of inflation, despite having more miles and years up on them. That says one of two things: 1) these cars are holding their relative value despite mileage going up, thus one which sat in a garage would have actually appreciated even accounting for inflation... or 2) These cars are appreciating at a rate slightly above inflation.

 

Yes but for the fact that ALL cars are going up in relative value. Inflation has been really high since the financial crisis, the result of dropping $700 billion into the economy.

Don't kid yourselves, the S2000 is not old enough to appreciate as an asset yet. Maybe when its 30 yeas old... A used S2000 costs more than it did two years ago, all things being equal, but so does a gallon of gas.

 

What was your dollar worth 5 years ago? And what will it be in 30 years?

 

Wow, I never checked the KBB. My 2003 shows 23.5k for private sale. I paid $30k for it almost 10 years ago. That's not bad depreciation.

 

Yes, but I think that the actual point may be that the S2000 isn't depreciating as fast as a typical vehicle. Most other cars are actually losing value even without factoring in inflation.

As an example, my wife purchased a 325i the about 3 months after I picked up the S2000. We sold it last December and it KBB'ed at $8k for private sale. The car was purchased at invoice for $35k. The S2000 was purchased at about $500 under invoice (I vaguely remember approx. $30,500) and is KBB'ing at 3 times that amount.