S2000 2003 went for over 73K!!
#11
Yes, definitely an outlier... I just performed a nationwide search on Autotrader for any S2000 under 15k miles, there are only eight for sale at the moment on Autotrader. The highest price is an 07 NFR with 13k miles for $39,xxx, the lowest price is an 02 NFR with 13k miles for $24k. All were between 10-15k miles and the average asking price was $30k.
If that 800 mile car gets driven 10k miles, it looks like its just another S2000 with a $30k asking price. Looking at it like this, the car will never get driven.
At what point is a car a 'collector'? Does it have to be less than 1,000 miles? Less than 5,000 miles? Just curious, I have no plans to collect, only plans to drive.
If that 800 mile car gets driven 10k miles, it looks like its just another S2000 with a $30k asking price. Looking at it like this, the car will never get driven.
At what point is a car a 'collector'? Does it have to be less than 1,000 miles? Less than 5,000 miles? Just curious, I have no plans to collect, only plans to drive.
#12
Community Organizer
Would an '00 and GPW get more $$$?
#14
#15
I suspect that for that buyer the purchase of that car is comparable to a working class person buying a pack of gum. It's just a status symbol to some people. It makes them feel important.
Last edited by rpg51; 01-12-2018 at 03:44 PM.
#17
Outlier, yes. But you're going to start seeing low mileage cars above 50k regularly soon enough. If someone brings a CR with less than 1000 miles to one of these big sales I have no doubt it would hit 80.
They have a number of things going for them that investors want. Somewhat low production, AP1 is one of the last sports cars without electronic nannies, was the one time champion of horsepower per litre.
They have a number of things going for them that investors want. Somewhat low production, AP1 is one of the last sports cars without electronic nannies, was the one time champion of horsepower per litre.
#18
#19
I watch a lot of these auctions, Mecum/BJ etc.
One has to realize that there are lots of bidders with vast disposable income and tastes that allow them to spend $10 milli0on on an old Ferrari.
$70k for a unique discontinued nearly new Roadster is like having an extra draft beer with dinner for that crowd,
IMHO, this is unrelated to the car market we live in
One has to realize that there are lots of bidders with vast disposable income and tastes that allow them to spend $10 milli0on on an old Ferrari.
$70k for a unique discontinued nearly new Roadster is like having an extra draft beer with dinner for that crowd,
IMHO, this is unrelated to the car market we live in
#20
I looked for "low miles" on my S, but not to find a car to invest in. My plan all along has been to enjoy the car for many years (and miles) to come. Getting a "low mileage" car just takes some of the uncertainty out of the purchase.