Values will stop falling
Originally Posted by iconss,Jun 14 2009, 11:33 AM
I can see the S2K becoming a collectible, for the rare few. In my opinion it just doesn't have the same kind of desireablility as an NSX, Supra or RX-7. After all, those cars hold some of the biggest racing titles in the history of cars, and can hold their own in the style and available power department. the S2K is just in a whole different category, more comparable (market wise) to an MR2 than to a Supra Turbo.
My humble opinion, the closest comparison is a Lotus Elise. Same power curve, handling characteristics, comparable styling. Not sure about price rancge, but I HAVE run both on the track at Thunderhill. Damn near the same car. MR2 compared to anything with a Lotus name? Nah.
I am encouraged to think that my very clean 2002 S2K with 43,000 miles on it may be worth $10K+. Of course, if you want it, you will have to pry the steering wheel out of my cold, dead fingers.......
I do not see one a day, i commute 30 miles round trip and live in the SF bay area, they are rarer than many other cars, i see more 350Z, more miata, more z4 and more, many more boxsters. so if i see one every other day that is about average.
i do not think they will appreciate much in the years to come, perhaps in 20 years who knows? they represent solid value, cutting edge technology, nice lines, and a very simple formula of fast and handle well with little cost to upkeep. that has a limited audience as sales have shown...i love it, then again i don't care for automatics either, and they are far more popular than sticks.
i do not think they will appreciate much in the years to come, perhaps in 20 years who knows? they represent solid value, cutting edge technology, nice lines, and a very simple formula of fast and handle well with little cost to upkeep. that has a limited audience as sales have shown...i love it, then again i don't care for automatics either, and they are far more popular than sticks.
I purchased in the past month. My criteria was: 2006 model year, but bumped it to 2007 to find more choices; less than 20k miles; 100% stock. Ended up w/ an 07 w/ 15k miles, stock except for oem front lip, all records and warranty until Dec '10 for a hair under $24k. The car was in showroom condition and sitting next to a matching red NSX, so while I might have paid more than I should, I didn't think I'd find a better example and pulled the trigger.
My experience looking for 06/07 in NoCal + 500 mile radius says that prices are at minimum stabilized between 20-23k for an 06/07 w/ under 20k miles.
Anything listed under $20k was purchased the day I saw it listed and generally had 5+ calls for it by the time I would call.
Made the mistake early in my search before I got a sense of demand to negotiate w/ a dealer in LA to try and get him off his 19.9k price for an 06 w/ 15k miles. Not only did he not budge, I saw the car listed for 3k more the next day; he probably started getting other calls aside from mine and realized the demand was there.
My experience looking for 06/07 in NoCal + 500 mile radius says that prices are at minimum stabilized between 20-23k for an 06/07 w/ under 20k miles.
Anything listed under $20k was purchased the day I saw it listed and generally had 5+ calls for it by the time I would call.
Made the mistake early in my search before I got a sense of demand to negotiate w/ a dealer in LA to try and get him off his 19.9k price for an 06 w/ 15k miles. Not only did he not budge, I saw the car listed for 3k more the next day; he probably started getting other calls aside from mine and realized the demand was there.
Watch the video on Jay Leno's garage about the Honda S600 that he has. He said that if the badges said Porche it would be a $250,000 car but it's not. For it's day it was truly a great car having features that the others cars in it's class didn't have but the collector car crowd doesn't see it as something special like a Porche or BMW or Jag, it just doesn't have that kinda respect......yet! I believe someday that it might but not anytime soon. Heck look at the Corvettes they are highly desirable but they follow the route of most collector cars, their values don't really start increasing until they are 20yrs old or older.
I just happened into a very clean 2003 with about 6200miles on it now and don't plan on it ever being a high milage car, paid top dollar and don't see the value doing anything but going down for sometime. I didn't buy it for an investment like the guy that had it before me and traded it in on a CR (that will probably be the niche car that goes up in value first and that will be the one that never got tore up on the tracks) I bought the car for it's fun value! and I don't think that will ever go down!
I just happened into a very clean 2003 with about 6200miles on it now and don't plan on it ever being a high milage car, paid top dollar and don't see the value doing anything but going down for sometime. I didn't buy it for an investment like the guy that had it before me and traded it in on a CR (that will probably be the niche car that goes up in value first and that will be the one that never got tore up on the tracks) I bought the car for it's fun value! and I don't think that will ever go down!
Originally Posted by dn7309,Jun 14 2009, 03:20 AM
I don't buy my car with the intent of selling it back.

And if the S holds a price plateau for a few years after tanking so bad last year, this is a big reason. And it's a very reliable car that's cheap to maintain, so once it's paid off, there's little motivation to sell the toy.
[QUOTE=rudyr,Jun 18 2009, 04:47 PM]I purchased in the past month.
Originally Posted by rnye,Jun 12 2009, 10:19 PM
Doesn't much matter to me - I love my S and plan on keeping it for quite a while 

Same here! Unless I fall some extremely hard times (and they'd have to be pretty damned extreme) I can't see selling my S for many, many years to come.







