What does "ricers" mean? I was considering the Boxster but there is the engine issue and I never did like the Z4M Roadster. I am looking for a weekend toy and the S2000 kinda fit since I am familiar w/Toyota and Honda products.

 

With the glut of used cars on the market only low-mileage examples hold any value. You probably overpaid a little when you bought it.

 

Wow. 70K miles for $18K. That wasn't good at all 2 years ago. 4 years ago I picked up my 02 with half as many miles for the same price. So really, you lost maybe 4K to depreciation and 4K to getting screwed initially.

 

Well this is reason I felt like I got a steal. Just because it's a dealer doesn't mean I got ripped off. All private parties and the majority of dealers (within 150 miles of me anyway) were selling 00-01's for $2-3k more than I bought my car for at the time. Granted most private parties now are selling cheaper than dealers probably because they're getting desperate.

I will admit that these cars (a lot like Jeep Wranglers) will probably sell for more than the kbb value but still.

and yes...I understand the economy is bad as I stated before. I guess a large part of me is always debating whether it's worth it to keep the car until the economy is better in another year or put another 15k miles on it and try to sell and even higher mileage sports car.

 

Its also winter - prices drop on convertibles and sports cars when no one wants them.

Also, the S2000 is old - 10 years old - and a lot of people are buying other cars in the market. Plus, there are about 60k S2000s in NA now, most still in good condition as they've seen only one or two owners. There's plenty t choose from.

The financial markets alone have dropped most cars about $3k as well. It all adds up to low resale for just about anything.

 

Except cars are depreciating assets. Your car won't go from 10K to 7K in 3 years, but it would just stay at 10K (in the optimistic scenario).

Exotics would see a bounce. Cars like 599s and GT3 RSs would probably see that ... but even regular 997s would have a hard time seeing any material bounce

 

Talk about resale value! How about a 2001 for only $2,900!

http://www.cars.com/go/search/detail.jsp;?...eadExists=false

 

Another thing to consider, outside of the recession, is the tech-boom inside modern automobiles. The market has swung towards a ton of interior gizmos like screens and nav systems and bluetooth. The S2000's focused, minimal interior is beautiful to us for it's purity, but the market is used to more gadgets and entertainment.

Other factors, including the availability of power-retracting hardtops on many other roadsters, has hurt the S2000 resale. Top it off, the prices have gotten low enough so that anyone who ever wanted one already has one. There aren't many would-be S2000 owners left to keep prices up.

 

^lol...

 

I'll be buying a used AP2 in the spring. Good news for me I guess...