[QUOTE][SIZE=1][B]Originally posted by Pok

 

I was at the lot trying to find a Prelude for the wife. I asked how much they just sold the red 02 for. Guess what more than I paid. $28,999. Then they had an 03 coming in. I again asked how much. They are starting the price just under an 04. $31,000. They will get it too. Seattle, WA for you. There is a white 00 for sale in Kent and they want $28,000. When I looked for mine I found an 01 for $25,000, and 02 for $28,000, and 00 for $22,000. I bought my 02 for $24,999 with cert.

 

I just bought the 00 S 2 weeks ago. Best investment I've ever made .

 

[QUOTE]Originally posted by RedondoS2K

 

[QUOTE][SIZE=1][B]Originally posted by Pok

 

The S2000 has better than average resale but I do not expect it to hold up as well as the Supra or Gen III Rx7. The both have huge cult foollowings, although the S's grows all the time, but much of their popularity comes from the fact that you can get one built from the factory with a turbo chargers straight from the factory, and they respond VERY well to modification along with chasis that are very good at putting that power to the wheels.

While the S is a very nice car, it is close to maxed out without going to significant expense to get significant gains. It is not uncommon to see Supras putting out a claimed 600 hp, and RX7's with well over 300 to 400hp (although they can go through engines because of heat issues and apex seals and fuel management) That makes them more desireable, in my opinion, to folks who want to make a street machine than a four cylinder.

I am not slamming the S2000, I own one, I just think that the resale could be expected to hold up like the other two. Every once in a while a company builds a cool car with pizzaz that can be afforded by the average guy and built to make ridiculous power, while at the same time, still be a little exclusive and not at every corner like a Mustang or Camaro. While the S2000 is affordable, fun, unique it is VERY difficult to make the ridiculous power that can be made with some of these turbo charged cars like the Supra or RX7.

If I am wrong, that is cool too because I would love to have great resale, I am just not staking my life on it.

 

The high resale value of the Supra Turbo can be attributed in part to "the Fast and Furious" thing and also to its relative rarity.
The MKIV Supra was imported from Japan from mid 1993 through 1998, at an average rate of some 2,000 cars per year (some years more than others) so the TOTAL number of Supras was some 12,000 vehicles (US sales).
Our beloved S2K is sold at about 10,000 units per year, making it a rare sight, but not nearly as rare as the Supra.
I sold my '98 Supra Turbo (after 4 years and 25,000 miles) for MSRP in 2002!! Even then, people would constantly ask: What kind of car is that?
That changed after The fast and the furious...
IF they would stop importing the S, I'm sure that in time it would appreciate in resale value, but that's unlikely to happen...
So just drive it and enjoy!
Daniel

 

I think if they do keep importing them, expect better than average resale until the value of your car hits about $15k or less. At that point it becomes much more affordable for people looking for a weekend toy, or high school or college kids that want a neat car. When it hits that point it tends to not drop to much depending on milage and condition. It might be worth $15k one year but keeping it for another 3 years you find it has not dropped much more than that. I bought Mr2 turbo used for $11k, sold it seven years later with 121,000 miles for about $7k. It should have dropped farther but it was rare, desireable, and at a price level where just about anyone could afford it. And yes, they can go back up too.