Friend may want to buy my car, how much do I ask?

LivingDeadS2K · 10-17-2007, 02:46 PM

Hey guys,
So my friend asked me the other day if I wanted to sell my car to him. He has loved the S2000 for ALOT longer than I have and he's the one who got me into a dealership to test drive an S..and I was hooked from then on. Anyway, he knows the story behind the salvage title, how much blood, sweat and tears I've put into this project, and he knows it is not perfect. It still needs some parts here and there, new paint in areas, etc. But we both do not know how much it would be worth if I were to sell it on the street.
Of course I would be fair and he doesnt want to pay an insane amount for it. So do you guys think you could help me out in this very arbitrary situation? I have been looking on the classifieds here and would maybe put the money into a newer s2000...i'm not sure.
So the car is a 2000 black/black, top is in great condition, straight frame, perfect interior, 22,500 miles, salvage title, AEM v2 CAI, carbon fiber hood, OEM hood, cd changer in trunk, conv. top tonneau cover, 17" ADR white Sokudo 10 wheels/TOYO tires, JDM clear headlights. Really drives strong and has a really nice interior. It would make an awesome race car/project for someone who has the time and money. Some kid offered me $10K for it last year, but I wasn't selling it at the time, mostly because I was still bent about paying $9K for the car, and close to $12K to rebuild it.
Thanks for any input you guys can give me. If I tell my friend a price, and he doesnt want to pay, I'll just keep it.
LATA

kgf3076 · 10-17-2007, 02:48 PM

Start with kbb.com to get an idea of what a bone stock S2000 would sell for and then go from there. You know how much you've put into parts and mods, so extrapolate from there.

Here's what KBB says about a 2000 S2k for private sale:

Condition Value
Excellent $15,640
Good $14,710
Fair $13,560

rickjkerstetter · 10-19-2007, 09:58 AM

If it has a salvaged title, it is worth HALF of what KBB.COM says it would be worth in good condition. In terms of Mods, parts ect... when it comes to selling a car, none of that stuff factors into the selling price, unless you get someone who knows about that stuff and is willing to pay extra for it. I sell cars myself (Mitsubishi's actually) and this is the general rule of thumb in the car buisness. But since its a friend, I would say that 8-10 k is a good price.

LivingDeadS2K · 10-19-2007, 01:53 PM

thanks guys, this is a great starting point for me to negotiate. I doubt anything will happen, but I'll be happy to keep my 'zombie'.
LATA

JDMap14U2NV · 10-21-2007, 04:36 AM

i see you live in new york, so do i, i live in westchester county, its about 20 mins away from the cit, pm me a price cause i am looking for a s2k, with a salvage title does insurance cost moreee?

10-17-2007, 02:46 PM	#1 (permalink)
LivingDeadS2K Member Join Date: Oct 2007 Location: Syosset, NY Posts: 50	Friend may want to buy my car, how much do I ask? Hey guys, So my friend asked me the other day if I wanted to sell my car to him. He has loved the S2000 for ALOT longer than I have and he's the one who got me into a dealership to test drive an S..and I was hooked from then on. Anyway, he knows the story behind the salvage title, how much blood, sweat and tears I've put into this project, and he knows it is not perfect. It still needs some parts here and there, new paint in areas, etc. But we both do not know how much it would be worth if I were to sell it on the street. Of course I would be fair and he doesnt want to pay an insane amount for it. So do you guys think you could help me out in this very arbitrary situation? I have been looking on the classifieds here and would maybe put the money into a newer s2000...i'm not sure. So the car is a 2000 black/black, top is in great condition, straight frame, perfect interior, 22,500 miles, salvage title, AEM v2 CAI, carbon fiber hood, OEM hood, cd changer in trunk, conv. top tonneau cover, 17" ADR white Sokudo 10 wheels/TOYO tires, JDM clear headlights. Really drives strong and has a really nice interior. It would make an awesome race car/project for someone who has the time and money. Some kid offered me $10K for it last year, but I wasn't selling it at the time, mostly because I was still bent about paying $9K for the car, and close to $12K to rebuild it. Thanks for any input you guys can give me. If I tell my friend a price, and he doesnt want to pay, I'll just keep it. LATA __________________ 00 Honda S2000, salvage, Berlina Black 04 Jeep Grand Cherokee Freedom Edition, Black 05 Harley Davidson Sportster 1200 Custom, Black Never mistake kindness for weakness.

10-17-2007, 02:48 PM	#2 (permalink)
kgf3076 Grumpy old(er) phart Join Date: Oct 2006 Location: At home for a change... Posts: 1,263	Start with kbb.com to get an idea of what a bone stock S2000 would sell for and then go from there. You know how much you've put into parts and mods, so extrapolate from there. Here's what KBB says about a 2000 S2k for private sale: Condition Value Excellent $15,640 Good $14,710 Fair $13,560 Last edited by kgf3076 : 10-17-2007 at 02:55 PM.

10-19-2007, 09:58 AM	#3 (permalink)
rickjkerstetter Member Join Date: Oct 2007 Posts: 64	well... If it has a salvaged title, it is worth HALF of what KBB.COM says it would be worth in good condition. In terms of Mods, parts ect... when it comes to selling a car, none of that stuff factors into the selling price, unless you get someone who knows about that stuff and is willing to pay extra for it. I sell cars myself (Mitsubishi's actually) and this is the general rule of thumb in the car buisness. But since its a friend, I would say that 8-10 k is a good price.

10-19-2007, 01:53 PM	#4 (permalink)
LivingDeadS2K Member Join Date: Oct 2007 Location: Syosset, NY Posts: 50	thanks guys, this is a great starting point for me to negotiate. I doubt anything will happen, but I'll be happy to keep my 'zombie'. LATA __________________ 00 Honda S2000, salvage, Berlina Black 04 Jeep Grand Cherokee Freedom Edition, Black 05 Harley Davidson Sportster 1200 Custom, Black Never mistake kindness for weakness.

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10-21-2007, 04:36 AM	#5 (permalink)
JDMap14U2NV Junior Member Join Date: Oct 2007 Posts: 10	i see you live in new york, so do i, i live in westchester county, its about 20 mins away from the cit, pm me a price cause i am looking for a s2k, with a salvage title does insurance cost moreee?