Quote:
Originally Posted by strat61caster
Clean cars are still going in the $20-$22k range with lots of miles on them, 2 years old and roughly $3k depreciation I'd gamble at least another 4 years to see prices under $16k for a decent car at this rate.
Of course this is barring any changes to our perception of reliability or major revisions to the model. If the 2016 comes out with ridiculous improvements that don't break the bank demand for the first generation will drop, if production ceases I wouldn't be surprised to see prices jump.
Despite poor sales there are S2000's still asking prices >75% of what they cost new.
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I don't think we can compare this car to an S2k as far as depreciation, convertibles typically spend a lot of time in the garage. Also the S2k did have a big dip in price on the used market at one point.
I'm still kicking myself for not buying my coworkers perfect S2k for $15k a few years back , he had a hard time selling it.
For sale by owner we should see some good prices in just a couple years. Of course no-one knows but the used cars dealers at 22k are probably marked up quite a bit over true trade-in (they play games and you never really know what you're getting on trade in.).
I remember when it was common to see 2005 Lotus's for $20-$22k by owner on autotrader.
There is usually a dip in used car prices typically first or second year cars a few years after they have been new but are still in production.
Only 2 ways to know what a used car is worth one is to go to /read dealer auctions or try to sell one yourself.
The used car market has gotten crazy in the difference between lot prices and owner sales. I would be surprised to get more than $18k on my 2013 FRS trying to sell it myself (12k miles.)
The other thing to look for is high miles, typically these are cars driven on long interstate commutes which is practically zero wear and tear.
Last when the 3 year bumper to bumper warranty is up prices take a big dip. So summer 2012+3 years. I'm going to gestimate $15k for sale by owner next year.