Are the prices for S2000s out of control?
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Joined: Mar 2002
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From: houston
They seem to be appreciating in value at the moment. I was looking at a 07 NFR low miles (10k) the other day that was asking $29.9! I was like no way but someone walked in the next day and bought it for asking price. I think the dealers are asking ~$26k for low miles (under 30k miles) at the moment which is up from 6 months ago. I have been looking for about 8 months. I am currently considering a local blue '07 with <25k miles that just showed up as a 1 owner trade in. They want just under $25k for it. Yikes. I would not have considered that 4 months ago but I am seriously thinking about it. It is my second favorite color for this car.
The 2007 you're looking at is worth $22k max before TT&L. Any more than that and you're just lining someone else's pocket.
Check Edmunds for used value. It is currently way more accurate than either KBB or NADA with regards to the S2000 value.
Joined: Mar 2003
Posts: 3,037
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From: SoCal
Don't forget that these cars stickered for $33-36k new, plus tax. And a lot of the early cars had ~$5k "market adjustment" added on by the dealers. A lot of S2000's cost the owners $40k to drive off the lot.
Joined: Feb 2015
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From: Connecticut
I very clearly understand why. Because if you want a fast, pure, enthusiast level roadster, what are your alternatives under $40000? A Porsche Boxster? What else? Anything?
Ignoring the roadster aspect of the car, it's still a bargain sports car. The cars are simply selling for what people value them at.
Ignoring the roadster aspect of the car, it's still a bargain sports car. The cars are simply selling for what people value them at.
Nailed it on the head. The s2000 will continue to attract new and repeat buyers alike. For the money, the car is hard to beat.
Joined: Oct 2009
Posts: 1,315
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From: North SF Bay, CA
Originally Posted by deepbluejh' timestamp='1420313617' post='23454936
I very clearly understand why. Because if you want a fast, pure, enthusiast level roadster, what are your alternatives under $40000? A Porsche Boxster? What else? Anything?
Ignoring the roadster aspect of the car, it's still a bargain sports car. The cars are simply selling for what people value them at.
Ignoring the roadster aspect of the car, it's still a bargain sports car. The cars are simply selling for what people value them at.
Nailed it on the head. The s2000 will continue to attract new and repeat buyers alike. For the money, the car is hard to beat.
Couldn't agree more. $22-25K for a minty, low mileage AP2 seems like a hell of a good deal to me.
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Joined: Jul 2008
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Good to know. Paid a similar amount back in '08 for an '06 with 14k miles. That's a testament to the S2000 holding its value fairly well.
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Joined: Jul 2014
Posts: 487
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From: Oak Island
Originally Posted by Wannabes2k2k11' timestamp='1420314622' post='23454952
True, true a very good point. But there are literally boat loads of s2000's out there, like a lot. So much so I don't think most people really comprehend how many were made.
Joined: Jan 2010
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My gut feel is that S2000 prices will stabilize and hold for some years until the supply of good ones diminishes further.
Thinking that any vehicle is a moneymaker is delusional. Selling a clean S2k bought for 25k for $50K in 20 yrs is not making money.
I was drawn to the S2000 for the low overall cost of ownership, with LOW depreciation being a major factor.
So far, I've suffered little or no depreciation on my '06 since '10 when I bought it.
Considered a used Cayman at the same time, I would have absorbed $1500-2000 an year and probably higher maintenance costs
Thinking that any vehicle is a moneymaker is delusional. Selling a clean S2k bought for 25k for $50K in 20 yrs is not making money.
I was drawn to the S2000 for the low overall cost of ownership, with LOW depreciation being a major factor.
So far, I've suffered little or no depreciation on my '06 since '10 when I bought it.
Considered a used Cayman at the same time, I would have absorbed $1500-2000 an year and probably higher maintenance costs