S2000 Values
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From: Modjeska Canyon, CA
Originally Posted by Jet sitter,May 19 2009, 06:53 AM
I dropped the collision on my S. My insurance company uses the NADA trade in value as their guide to Actual Cash Value (ACV) My 2003 with 31,000 miles is listed at $8,700. You may want to check your ACV.
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jet setter,
imo after reading all your posts, what you need is a different insurance co
a) i live in southern ca, (expensive insurance due to losts of risk and cars) my 2008 s2000 is 270.00 every 6 months, for full coverage, towing, unisured motorist and high injury limits (more then double the minimum) - point your paying too much unless you have had accidents or tickets. my previous 00 and 02 s2000s were similar rates
b)your car is worth more then your insurance co is leading you to believe. asssuming your car is clean and one or two owner it is worth north of 11-12K. True s2000s can be now had for sub 10K, but they molested s's with high miles and or damage etc
so instead of playing to your insurance co that is lowballing you while charging you a premium, just get another company.
imo after reading all your posts, what you need is a different insurance co
a) i live in southern ca, (expensive insurance due to losts of risk and cars) my 2008 s2000 is 270.00 every 6 months, for full coverage, towing, unisured motorist and high injury limits (more then double the minimum) - point your paying too much unless you have had accidents or tickets. my previous 00 and 02 s2000s were similar rates
b)your car is worth more then your insurance co is leading you to believe. asssuming your car is clean and one or two owner it is worth north of 11-12K. True s2000s can be now had for sub 10K, but they molested s's with high miles and or damage etc
so instead of playing to your insurance co that is lowballing you while charging you a premium, just get another company.
Joined: Mar 2003
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From: Loveland, CO
socals (Tom, buddy), nice seeing you tonight at the Fudrucker's Car show. I am paying way more than you for my '05 S2000 insurance. I just renewed it with State Farm at $515 for six months. I have high Liability coverage for bodily injury/property damage (500,000/500,000) and also probably pay more than you since I have it listed as "driven over 7,500 miles annually".
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From: Lewes, DE
Originally Posted by dlq04,May 19 2009, 11:35 AM
I've looked into changing coverage but it didn't make sense for me. I pay $330 for 6 mos full coverage and $40 for 6 mos storage coverage; that averages out to only $31 per month. I realize everyone's situation is different.
As for used S2000 values - Yes, they are the low numbers you've quoted. The car's been in production for nearly 10 years with over 100,000 produced and two-thirds of those are in the US. It's a nitch car and there are LOTS of low milage S2000s on the market, many in fine shape because they were fair weather cars. It's simple supply and demand.
The way I look at it is my car is worth more to me than I could sell it for.
That's why I always believed that cars are made to be driven. Having a garage queen that drops in value each month makes no sense. Lets face, cars are a bad investment. Oh, I know, there's exceptions. The Ferrari that won the 1962 LeMans race comes to mind; it sold last year for $9.3 million. But, being realistic what we are driving is a sports car for the every-day-man (or women) that offers a wonderful driving experience and value but it's not going to make anyone rich. So drive it. Enjoy it.
As for used S2000 values - Yes, they are the low numbers you've quoted. The car's been in production for nearly 10 years with over 100,000 produced and two-thirds of those are in the US. It's a nitch car and there are LOTS of low milage S2000s on the market, many in fine shape because they were fair weather cars. It's simple supply and demand.
The way I look at it is my car is worth more to me than I could sell it for.
That's why I always believed that cars are made to be driven. Having a garage queen that drops in value each month makes no sense. Lets face, cars are a bad investment. Oh, I know, there's exceptions. The Ferrari that won the 1962 LeMans race comes to mind; it sold last year for $9.3 million. But, being realistic what we are driving is a sports car for the every-day-man (or women) that offers a wonderful driving experience and value but it's not going to make anyone rich. So drive it. Enjoy it.
Now that I have an older Jeep for going to the the beach I dont have to drive the S as much but I still plan to keep it and drive it as it was intended to be driven. I pay $60/month for full coverage so that is not going to break the retirement bank.
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From: The (S)Low Country
I don't plan to drop collision on the S yet even though it would probably save a fair amount of money. We have platinum coverage that provides new car replacement for the S. Who knows, I may end up with a new cadillac if the S gets totaled. 
Joined: Dec 2001
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From: Kuna Idaho
I have been thinking of taking the S to my insurance agent and having all the added stuff placed on the coverage in case of an accident/theft. I know it wouldn't cover the cost of replacing all of the items, but it would help with some of it.
