question about the SRT-4

[Gulzakar]

I found this:

http://www.craigslist.org/eby/car/70393076.html

do used SRT-4's always go this cheap?

 

[notfred]

It's a neon. They fall apart in like 2 years. My roommate's '98 neon looks older than my friend's '91 accord.

 

[Fritzo]

Like everyone says about those- it may be fast, but you're still driving a Neon

 

[mitaiwan82]

that car's gotta have some problems...

 

[fs5]

hello depreciation!

 

[AdamSnow]

I own one... if you have any questions shoot me an PM or something...

They should hold their price pretty good... limited production car... but still, it's a neon... and you -know- that the mileage on it was not easy miles... it was driven hard.

 

[JDub02]

Originally posted by: mitaiwan82
that car's gotta have some problems...

definately. something's wrong if it's going that cheap. should be around $16k according to edmunds.com

as far as car quality is concerned, i've driven a few srt-4's. they're no worse than any other econobox. i like them alot.

 

[AMDZen]

Geez those things lose their value FASTTT!!!

That is just incredibly sad.

 

[CraigRT]

Originally posted by: notfred
It's a neon. They fall apart in like 2 years. My roommate's '98 neon looks older than my friend's '91 accord.

Tell the person to take care of it better.. my 2k1 is mint.

 

[AdamSnow]

Originally posted by: AMDZen
Geez those things lose their value FASTTT!!!

That is just incredibly sad.

Not really... There are 2004 models for sale here in Canada with 40,000km on it still going for $24,000 or so... I only paid $28,000 for it new...

 

[AMDZen]

Originally posted by: AdamSnow

Originally posted by: AMDZen
Geez those things lose their value FASTTT!!!

That is just incredibly sad.

Not really... There are 2004 models for sale here in Canada with 40,000km on it still going for $24,000 or so... I only paid $28,000 for it new...

Well, obviously the market in Canada is quite different. I didn't mean to diss your car or anything, it would womp on my Civic for sure.

But when I sell my Civic this summer, I'm going to get about the same amount I paid for it 2+ years ago. Or maybe 1-2 grand less. Thats part of the reason I buy Honda's in the first place, their resale value around here is incredible. And I'm the type of person that wants a new car every 2-3 years, so thats one of the most important things for me when buying a car.

 

Originally posted by: JDub02

Originally posted by: mitaiwan82
that car's gotta have some problems...

definately. something's wrong if it's going that cheap. should be around $16k according to edmunds.com

as far as car quality is concerned, i've driven a few srt-4's. they're no worse than any other econobox. i like them alot.

There could be many circumstances surrounding the sale of the car.

Many times people are trying to get another car or they have to dump the car asap due to financial stress. $3,000 low on book value really isn't that much.

 

[CraigRT]

Originally posted by: AMDZen

Originally posted by: AdamSnow

Originally posted by: AMDZen
Geez those things lose their value FASTTT!!!

That is just incredibly sad.

Not really... There are 2004 models for sale here in Canada with 40,000km on it still going for $24,000 or so... I only paid $28,000 for it new...

Well, obviously the market in Canada is quite different. I didn't mean to diss your car or anything, it would womp on my Civic for sure.

But when I sell my Civic this summer, I'm going to get about the same amount I paid for it 2+ years ago. Or maybe 1-2 grand less. Thats part of the reason I buy Honda's in the first place, their resale value around here is incredible. And I'm the type of person that wants a new car every 2-3 years, so thats one of the most important things for me when buying a car.

When I was buying a new car, I bought a Neon for 2 reasons... 1 it's faster than most other cars in it's class, and secondly, it was 0% financing, which meant VERY low monthly payments, almost half of what I was quoted on a 2002 Civic Veloz!! So the depreciation does suck, but at the same time, I pay less than what a 2001 or 2002 civic owner is paying, I absolutely guarantee it. and my car is loaded with everything, not just a base model Civic.. anyways people just have to understand that also. I am happier paying less through the term of owning the car, because when I am done paying it off, it's still mine regardless of how much it's worth... if I can only get 5 grand for the car that's OK, at least it's not worthless.. and my monthly payments were dirt cheap. Not saying Civics suck at all, as far as quality and reliability go they're fine, but they're just expensive for an "econo" car.

thats just my .02.

 

[funboy6942]

Insurance on it wont be cheap.

 

[AMDZen]

Originally posted by: CraigRT

Originally posted by: AMDZen

Originally posted by: AdamSnow

Originally posted by: AMDZen
Geez those things lose their value FASTTT!!!

That is just incredibly sad.

Not really... There are 2004 models for sale here in Canada with 40,000km on it still going for $24,000 or so... I only paid $28,000 for it new...

Well, obviously the market in Canada is quite different. I didn't mean to diss your car or anything, it would womp on my Civic for sure.

But when I sell my Civic this summer, I'm going to get about the same amount I paid for it 2+ years ago. Or maybe 1-2 grand less. Thats part of the reason I buy Honda's in the first place, their resale value around here is incredible. And I'm the type of person that wants a new car every 2-3 years, so thats one of the most important things for me when buying a car.

When I was buying a new car, I bought a Neon for 2 reasons... 1 it's faster than most other cars in it's class, and secondly, it was 0% financing, which meant VERY low monthly payments, almost half of what I was quoted on a 2002 Civic Veloz!! So the depreciation does suck, but at the same time, I pay less than what a 2001 or 2002 civic owner is paying, I absolutely guarantee it. and my car is loaded with everything, not just a base model Civic.. anyways people just have to understand that also. I am happier paying less through the term of owning the car, because when I am done paying it off, it's still mine regardless of how much it's worth... if I can only get 5 grand for the car that's OK, at least it's not worthless.. and my monthly payments were dirt cheap. Not saying Civics suck at all, as far as quality and reliability go they're fine, but they're just expensive for an "econo" car.

thats just my .02.

They are expensive, I agree with that completely. Everyone has their own set of circumstances in life which help determine their buying descisions.

But if I buy a '99 Civic Si in Feb of 2003, with 44k miles on it for $11 grand, drive it for 2 years and put another 25k miles on it - and then turn around and sell it after 2 1/2 years (I want to sell it this summer because I turn 25 and will have lower insurance) for $11 grand. That makes it all worth it IMO. Its like an investment. Sure I had to perform maintenance, put a few sets of tires on it, but overall I'm not losing anything on the purchase, I drove a car for two years for free (thats how I look at it). Bare in mind I've seen 99 Si's going for $11 grand around here with similar miles, but others go for around $10 which is why I might not get it all back.

I also save up before I buy a car. I've actually never financed a car, bought my first one with cash (some was from my dad) and haven't looked back since. This was actually a bad thing when I went to buy a house the first time, because I didn't have a lot of credit built up. But now that I own a house, I have lots of credit and thats no longer an issue. I pretty much want to buy each new car with the money from my previous one, depending on what I get this time around, I'll probably spend less then the $10-11k I get for my Civic. I think I'm going to buy a 95-96 Prelude VTEC again, I owned a 93 before this Civic and loved it to death. I actually sold that one similarly, and got more then I paid for it even after owning it for 3 years. That had a lot to do with the engine swap I did on it though, started life as an Si, I put the H22 in there.

So that will be around $7-8k because Preludes hold their value extremely well, and I'll be looking for one with low miles (try to find one in the 60k miles range) which will be really hard.

Overall, its like I said. All these circumstances in life determine your buying descisions. I completely understand why someone would want an SRT-4, they are quite quick and usually have quite a bit more HP then their rated at. I just think I'm addicted to buying Honda's for this reason alone, its really quite amazing, to me at least.

 

[Gulzakar]

insurance will be cheap if you are a 26 year old with a clean record

 

[EvilYoda]

Most call them Neons, owners hate the word, heh...I think it's a fine car if you can find one in good condition that hasn't been stepped on by some 16 year old. Surprisingly I see a lot of older guys and even some moms driving these things. Another GTO owner in the area putting down 350 to the ground ('04) had a good race with a Stage 3 turbo equipped SRT-4 a while back...as long as it's not all riced out, it's decently respectable.

Note to SE MI people: Woodward and Gratiot were absolutely SICK yesterday. I suggest coming out next week

 

[ironcrotch]

I bet he's the guy that changed his oil by taking out his oil filter.