Type r values are dropping

SpooRk

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I was going to start my own thread, but figured I could post under here.

So a couple years ago, I decided to sell my 2018 since I was getting ready to purchase my first home. I loved the car, but I thought it was the smart move. In hindsight, I probably could've kept the car and still made it work, but I'm still happy with the current position I'm in. With that said, I feel like I'm ready to buy another fk8. I found one that I think is a pretty decent deal. I'm just getting hung up on two factors: the overall car market in general and the incoming FL5.

I think we all know used cars are overpriced at the moment. No idea when things are supposed to get better, but we know they eventually have to. I think we may already even be seeing some signs of slowdown. So if I'm looking at low mileage 2020+ for $45k, I'm paying a good amount over MSRP. Even if prices don't drop significantly within the next year, I feel like there will be a correction and they will have to drop quicker than usual at some point.

Another factor that could make it worse for this specific segment of the market is the arrival of the FL5. Will a bunch of FK8 owners "flood" the market and drive the price down? I think it's possible. I'm not really TOO concerned with resale value at this point since I intend on keeping the car for a while.

But maybe if I pass on this one, some other good opportunities may pop up in the near future and for a better price.

Any thoughts?
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blackie X

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I'm in albany new york my premium window sticker was $34500(1,400 accessories) purchased for 33k even (invoice). Subaru will sell for msrp if they don't Subaru corporate will punish the dealership for adm(stop sending them new cars).

20220607_162353.jpg
should be known as the plasticRX with all that plastic they added.
 

Fountainhead

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Should go without saying. If your in the city or live in the suburbs. God be with you.

I have prepped land several hours outside of the metroplex. The only challenge will be getting there if the shit hits the fan.
Good idea. Hope you don't have neighbors at all anywhere-it all starts with a kind request for food since they're starving. You respectfully say no, then they go for help. Unless you're on top of a mountain with endless ammo and no need for sleep. They will find you. Every group of thugs and thieves has at least one evil genius in their ranks.
I applaud your intentions and hope you make it. I'm in FL so there is nowhere to hide anything here. Even the giant Everglade swamps have lots of hillbillies and rednecks that all know the area quite well. I grew up in the country on hundreds of acres and I knew that place like the back of my hand. So do your native neighbors likewise know their territory.
I guess in the cities you could dystopian sci-fi novel it and hide in the sewers-that aren't already populated with homeless.
Anyway, pardon my negativity I might be jealous of your position, and trying to convince myself instead of you.
 

SmokeGhost

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Good idea. Hope you don't have neighbors at all anywhere-it all starts with a kind request for food since they're starving. You respectfully say no, then they go for help. Unless you're on top of a mountain with endless ammo and no need for sleep. They will find you. Every group of thugs and thieves has at least one evil genius in their ranks.
I applaud your intentions and hope you make it. I'm in FL so there is nowhere to hide anything here. Even the giant Everglade swamps have lots of hillbillies and rednecks that all know the area quite well. I grew up in the country on hundreds of acres and I knew that place like the back of my hand. So do your native neighbors likewise know their territory.
I guess in the cities you could dystopian sci-fi novel it and hide in the sewers-that aren't already populated with homeless.
Anyway, pardon my negativity I might be jealous of your position, and trying to convince myself instead of you.
Gonna be ok bud. We all die someday.
 


TheGreekFreak

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I was going to start my own thread, but figured I could post under here.

So a couple years ago, I decided to sell my 2018 since I was getting ready to purchase my first home. I loved the car, but I thought it was the smart move. In hindsight, I probably could've kept the car and still made it work, but I'm still happy with the current position I'm in. With that said, I feel like I'm ready to buy another fk8. I found one that I think is a pretty decent deal. I'm just getting hung up on two factors: the overall car market in general and the incoming FL5.

I think we all know used cars are overpriced at the moment. No idea when things are supposed to get better, but we know they eventually have to. I think we may already even be seeing some signs of slowdown. So if I'm looking at low mileage 2020+ for $45k, I'm paying a good amount over MSRP. Even if prices don't drop significantly within the next year, I feel like there will be a correction and they will have to drop quicker than usual at some point.

Another factor that could make it worse for this specific segment of the market is the arrival of the FL5. Will a bunch of FK8 owners "flood" the market and drive the price down? I think it's possible. I'm not really TOO concerned with resale value at this point since I intend on keeping the car for a while.

But maybe if I pass on this one, some other good opportunities may pop up in the near future and for a better price.

Any thoughts?
Hmm.......depends. I buy cars with the intention of keeping them a long time. For that reason, buying new is more appealing to me and the FL5 would make more sense. Even though I personally prefer the FK8, I would not drop new FL5 money on a used one.

But I'm also super picky. I prefer the latest model year possible, best being the last one (like my '21). I also like a somewhat less common color. While boost blue is my favorite, the fact that they included it right off the bat in the first MY for the FL5 makes it slightly less appealing for this new gen.

But overall, I honestly think a resale value comparison is irrelevant for either gen. I do believe FK8 prices will come down, as the FL5 appeals more to the masses, but eventually FL5 prices will come down in the used market too. It will all be proportional, since the FK8 had a lower MSRP than the FL5 will have to begin with. The market just needs time to stabilize.

Buy what makes you happy but a new FL5 at sticker is a way better value right now than a used marked up FK8 imo. Yet I prefer my FK8 and wouldn't trade up :nixon: confusing enough??
 

NapalmEnema

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I was going to start my own thread, but figured I could post under here.

So a couple years ago, I decided to sell my 2018 since I was getting ready to purchase my first home. I loved the car, but I thought it was the smart move. In hindsight, I probably could've kept the car and still made it work, but I'm still happy with the current position I'm in. With that said, I feel like I'm ready to buy another fk8. I found one that I think is a pretty decent deal. I'm just getting hung up on two factors: the overall car market in general and the incoming FL5.

I think we all know used cars are overpriced at the moment. No idea when things are supposed to get better, but we know they eventually have to. I think we may already even be seeing some signs of slowdown. So if I'm looking at low mileage 2020+ for $45k, I'm paying a good amount over MSRP. Even if prices don't drop significantly within the next year, I feel like there will be a correction and they will have to drop quicker than usual at some point.

Another factor that could make it worse for this specific segment of the market is the arrival of the FL5. Will a bunch of FK8 owners "flood" the market and drive the price down? I think it's possible. I'm not really TOO concerned with resale value at this point since I intend on keeping the car for a while.

But maybe if I pass on this one, some other good opportunities may pop up in the near future and for a better price.

Any thoughts?
Bite the bullet and get an Fk8 since even doing that will be a ton cheaper than a new Type R when they come out. There is nothing else to consider, since this car is unique and anything else is a compromise.

Car is absolutely worth overpaying for 45k in this market because of above. No better options.
 

RickyJeezus

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People getting rid of the R are going to have HUGE regrets. I've seen it in the S2000 community. They always come back.
Difference is that there is a "new and improved" Type R whereas a new S2000 never happened....
18x9.5+38 Advan TC-4 Wheels with 255/35R18 Yokohama Neova AD08 R tires, Carbotech XP10 (front) and XP8 (rear) pads.
How do you like those tires? Was considering getting them in 255/40/18 for mine...I'm on stock suspension and really only canyon the car once every few weeks, otherwise she just runs around town a little dont commute in it much...
 

RickyJeezus

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I was going to start my own thread, but figured I could post under here.

So a couple years ago, I decided to sell my 2018 since I was getting ready to purchase my first home. I loved the car, but I thought it was the smart move. In hindsight, I probably could've kept the car and still made it work, but I'm still happy with the current position I'm in. With that said, I feel like I'm ready to buy another fk8. I found one that I think is a pretty decent deal. I'm just getting hung up on two factors: the overall car market in general and the incoming FL5.

I think we all know used cars are overpriced at the moment. No idea when things are supposed to get better, but we know they eventually have to. I think we may already even be seeing some signs of slowdown. So if I'm looking at low mileage 2020+ for $45k, I'm paying a good amount over MSRP. Even if prices don't drop significantly within the next year, I feel like there will be a correction and they will have to drop quicker than usual at some point.

Another factor that could make it worse for this specific segment of the market is the arrival of the FL5. Will a bunch of FK8 owners "flood" the market and drive the price down? I think it's possible. I'm not really TOO concerned with resale value at this point since I intend on keeping the car for a while.

But maybe if I pass on this one, some other good opportunities may pop up in the near future and for a better price.

Any thoughts?
I think we are already seeing a flooded FK8 market, with a lot of people dumping their FK8s for a pretty penny.

Once the FL5 arrives with their "limited" production, that would mean the FK8 trade ins would be "limited" as well.

I've posted multiple times in this thread that I believe the FK8 market is going to correct by at least 10% once the FL5 hits the market...potentially up to 20%...but thereafter it should be a fairly slow depreciation over the next 4-5 years.

Now, between the FK8 and the FL5, if you we're to ask me what would've made my FK8 a better car, I would say a better interior and better infortainment/sound system, which the FL5 delivers. With that, I would say that the FL5 is a better Type R for someone who intends to keep the car for a longer period of time.

I think the strategy now is to wait a few months until we know everything inside and out about the FL5 before you commit to one or the other.
 

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I was going to start my own thread, but figured I could post under here.

So a couple years ago, I decided to sell my 2018 since I was getting ready to purchase my first home. I loved the car, but I thought it was the smart move. In hindsight, I probably could've kept the car and still made it work, but I'm still happy with the current position I'm in. With that said, I feel like I'm ready to buy another fk8. I found one that I think is a pretty decent deal. I'm just getting hung up on two factors: the overall car market in general and the incoming FL5.

I think we all know used cars are overpriced at the moment. No idea when things are supposed to get better, but we know they eventually have to. I think we may already even be seeing some signs of slowdown. So if I'm looking at low mileage 2020+ for $45k, I'm paying a good amount over MSRP. Even if prices don't drop significantly within the next year, I feel like there will be a correction and they will have to drop quicker than usual at some point.

Another factor that could make it worse for this specific segment of the market is the arrival of the FL5. Will a bunch of FK8 owners "flood" the market and drive the price down? I think it's possible. I'm not really TOO concerned with resale value at this point since I intend on keeping the car for a while.

But maybe if I pass on this one, some other good opportunities may pop up in the near future and for a better price.

Any thoughts?
Wait until the FL5 hits dealer lots later this winter (Dec, Jan); used FK8 prices should come down a little by then. Or wait until next winter (2023) until car production catches up with demand for better deals (used or new).
 


VashTheStampede

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You got to admire Miatas and S2000ā€™s for what they were price wise at the time, they delivered a driver experience a lot of sports cars couldnā€™t match for a much lower price tag.
Just coming back to this - the AP1 S2000 was $32-34k in 2000-2001. Thatā€™s roughly $55k in todayā€™s dollars.

All of us in-period teenage Honda Fanboys were livid that we would never be able to afford one. šŸ˜‚

Value wise- there will not be enough FL5 cars to put a dent into the FK8 prices. I know people at Honda and I know several friend of friend engineers that are scrambling to buy used FK8s as I type this because they know they will never get an FL5 allotment. Let me repeat that - Honda is not going to make anywhere near enough FL5s EVER to meet demand. Look out for the Integra Type S to pick up some slack, but the FK8 is only going to become more sought-after because of the FL5. Not less.
 

GavinOC

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Just coming back to this - the AP1 S2000 was $32-34k in 2000-2001. Thatā€™s roughly $55k in todayā€™s dollars.

All of us in-period teenage Honda Fanboys were livid that we would never be able to afford one. šŸ˜‚
When I lived in Ireland I could have bought a clean JDM ITR 96-98 spec for about 10k euro - that was back in 2006.

Friend of mine picked up a 98 spec with a Spoon B18 crate engine and ECU for 11k off an import dealer. Amazing what you take for granted in your youth!
 

JohnInATL

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Something that comes to mind about the FK8 is that when I was looking for a car, I kept coming back to it. It checked off a few boxes that I wanted checked off. A track capable car wasnā€™t even a requirement, just an added bonus.

Even over the next several years I think the FK8 will retain those qualities. Thereā€™s not much else in the segment that is reliable, fun to drive, has utility and storage, holds good resale value, has good aftermarket support, cheap to own/operate, all while having great performance out of the box.

Anything else I looked at was lesser in one or more of those areas, and the extra few bucks for the FK8 was well worth it to me. Maybe it will hold that value going forward for these reasons. We will see.
 

TheGreekFreak

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Just coming back to this - the AP1 S2000 was $32-34k in 2000-2001. Thatā€™s roughly $55k in todayā€™s dollars.

All of us in-period teenage Honda Fanboys were livid that we would never be able to afford one. šŸ˜‚

Value wise- there will not be enough FL5 cars to put a dent into the FK8 prices. I know people at Honda and I know several friend of friend engineers that are scrambling to buy used FK8s as I type this because they know they will never get an FL5 allotment. Let me repeat that - Honda is not going to make anywhere near enough FL5s EVER to meet demand. Look out for the Integra Type S to pick up some slack, but the FK8 is only going to become more sought-after because of the FL5. Not less.
I think people forget this when they talk about S2000s as "investments". They were EXPENSIVE back in the day, which is understandable for a purpose built sports car. The ITR was around the same price as the current CTR in today's dollars. For a double wishbone vtec car like that, I'd call that one the bargain between the two despite the economy car platform.

Even with the reduced output, I think it will eventually be possible (with some frustrating work) to find a new FL5 CTR for sticker in a few years. The only thing that reallyyy intrigues me about that car over mine is that it will be made in Japan, so no Swindon QC issues.

Reminds me.......have to take mine to the dealer to get the passenger window looked at. It's embarassing pulling up to work and not being able to close it without playing window switch Tetris as it automatically bounces back down šŸ˜‚
 

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When my FK8 is traded itā€™ll be in mint stock condition with non track non hooned low mileage. I doubt however if another R will tempt me. Iā€™ve already got one lol. If something better/different comes along Iā€™ll get it, but I think the media has convinced automakers to dump all the ICE engines, so I donā€™t look for anything better in the future.
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