Simple answer, don't sell it.

 

i agree but 2-3 years down the line when i wanna sell it ill be lucky to swap it for a six pack of beer at this rate,

i just cant see how there still dropping so badly for a drivers enthusiasts car, for example DC2 integra's are still worth a fair bit and holding quite strong value, if everyone puts them up a £1k then thats what people will expect s2k's to be worth and the value will stay in the car.

 

A MY2000 DC2 with 100k on is worth significantly less than an identical S2k. Both in identical condition.

And the retail price wasn't that different iIRC - £22k/£25k.

Mint DC2s low mileage hold their value because of their rarity. There are a lot more S2000 garage queens out there that have low mileage for their age. That's the difference.

 

And while the car is chea, attracting younger owners, the insurance is very very high, so you have a situation where young people can't afford to buy one for more than a year, and anyone older with any wedge is going to go for a newer car rather than the bottom end of the market.

 

Haha! An S2000 Cartel - nice :-)
Unfortunately this never works as someone will always be more keen to sell and will drop the price.

If you believe the car is a future classic however, then this price curve always happens. A car gets dirt cheap until all the sh1te ones have gone, and then the price for the remaining good ones starts to go back up. You have to wait a while though.

Think about a Capri 3.0 or similar, 10 years ago you couldn't give them away, npw they are probably worth the same as an early S!

 

Prices will eventually bottom out, but if you bought the car as a financial investment, then I suggest you go and visit an IFA pretty quickly.

 

Just sold mine to a 23 year old guy so prices can't be bad, mine being a 03.

 

With some being run into the ground and others with stratospheric mileages, add that to the large number being crashed or written off by younger drivers ( and some over zealous older ones!!!!) and the dozens you see all the time for breaking, never to return to the road, it is only a matter of time before the good ones start to go up in value. The S is the last proper affordable performance car probably ever made and with the world fuel issues continuing to develop I can't see any manufacturer testing that niche market again, we are all unfortunately going hybrid, electric, diesel or hydrogen, even Honda!!!!. The S is probably last of the line. If we hold onto the cars, they will eventually go up in value, it is only a matter of time. How long can you wait?

 

Could be worse, we could be in this list of £5k convertibles

http://www.telegraph.co.uk/motoring/...vertibles.html

1. Alfa Spider
2. Fiat Barchetta
3. Porsche Boxster
4. Suziki Cappucino
5. Golf
6. StreetKa
7. BMW M3 (E36)
8. M-B SLK
9. MX-5
10. MR2

More likely they forgot the 'umble S2000, but there you go...

 

Hope he actually had insurance

Sad to see it go?