S2000 Talk Discussions related to the S2000, its ownership and enthusiasm for it.

Trade in value

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Old Dec 2, 2009 | 10:36 AM
  #11  
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an 01 w/ 55k miles i'd say you could prob. get 10k selling on here pretty easily. maybe even up towards 12k if it's in superb condition. (this is w/o ht of course)

but i've also seen my02-03's w/ 70-80k miles sell for around 10-11k too in good condition and those have the obvious upgrades so who knows...but i would try to sell privately first before trading in.
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Old Dec 2, 2009 | 02:12 PM
  #12  
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KBB is not a value for your vehicle you can trust. Their values are a minimum 90 days behind. Plus no one uses KBB for trade in values. Dealers use Auction Data (Manheim, etc.) The dealerships use auto value software that can show regional values for specific vehicles. They can view all S2000's bought/sold at an Auction in realtime to guage the value of your vehicle that day. A dealership won't pay much more for a trade in if they can get one for less at the Auction.
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Old Dec 2, 2009 | 03:24 PM
  #13  
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is any of this auction data available to the public?
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Old Dec 2, 2009 | 04:23 PM
  #14  
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Really just put it up for what u think its worth. And wait untill u get the price u want or close to it. I know our cars have droped in value due to the economy and not many people out there are going for this type of car. I have been trying to sort of get rid of mine for about 2 months. But i wont sell inless i get what i want. Mine is a 08 15k miles dealership offered $24k for it. I have had no offers from the private side yet. I payed $35k for it. If i was u i would not sell the car inless i got the price i wanted inless u had to.
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Old Dec 2, 2009 | 05:08 PM
  #15  
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Originally Posted by suprmonky73,Dec 2 2009, 06:24 PM
is any of this auction data available to the public?
I have access to Manheim and www.edmunds.com pricing is usually pretty close for trade in values. Sometimes Manheim is completely off one way or the other compared to what cars are actually selling for/

The price a dealer will give on your trade has as much to do with the used car manager's mood as anything, so the auction data isn't incredibly useful.
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Old Dec 2, 2009 | 05:45 PM
  #16  
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Yowza, $8.5k sounds low to me for your MY and mileage (and I'm really close to your area). IMO, I think you could get around $11k for it if you sell it privately and can be patient. Although December isn't the ideal time to sell a convertible in the northeast of course.....

FWIW, I sold my first '02 back in June for $13.7k (50k miles, no HT, very good condition but certainly not perfect). That was about $100 over the Edmunds TMV private sale price at the time. It was only listed for 6 days.

I had it on autotrader for $15k and was hoping to sell for $14k. Since the buyer was a great guy, with no BSing, and paid with a cashier's check about an hour after his test drive, I was willing to give up a few hundie.

As for the auction data -- I don't think it's available to the general public online anywhere, but a decent used car dealer will give you the straight info. And I completely agree with what rioyellows2k said above. Related story:

When I sold my dad's old car, one dealer pulled up the auction data on his computer and showed it to me on the spot. He told me for any car that they don't plan to re-sell on their lot, they pay about $300 under the current auction price, then bring it to the auction and sell it there.

I bet if you go to a few different used car dealers you'll get offers that are all within ~$500. I ended up selling my dad's car for $5500 to a dealer that kept it, did some repairs, and re-sold it (for $8500); the other two dealers I went to were going to sell it at auction, and they offered $5000. So, even a place that plans to re-sell it won't go much above auction, because if it turns out that they can't re-sell it, they'll need to take it to an auction anyway.

Short version:
--If you're going to sell, do it yourself if at all possible; it's almost guaranteed that you'll make at least $1k to $2k more.
--Don't expect much more than auction price if you trade it in or sell it outright to a used car dealer.
--In my experience, auction prices are the real deal for trade-in value; Edmunds TMV is good for private sale pricing; KBB and NADA, not so useful.

Whoa, this ended up being way too long. Hope it helps though. GL
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Old Dec 2, 2009 | 07:02 PM
  #17  
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Hot news flash: dealers buy (trade-in value) wholesale and they sell retail.
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Old Dec 3, 2009 | 07:12 AM
  #18  
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When the economy comes back around S2000 values should go back up...especially since they stopped making them this year. Trading your S2000 in is about the dumbest thing you could do with an S2000 right now. Keep it!
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Old Dec 3, 2009 | 07:14 AM
  #19  
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Matt,

What are you you looking to get? If I can help let me know.
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Old Dec 3, 2009 | 07:34 AM
  #20  
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the s2000 is not a practical car despite some of us using them as daily drivers. most people would buy whats neccessary and nothing something that could be considered a luxury. thats why the values are low, and also as previously mentioned car values took a dump
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