Subaru Outback 2nd Gen

The second-generation Subaru Outback, built from 2000 to 2004, solidified the model's reputation as a rugged, all-wheel-drive wagon. It offered a more refined ride and a stiffer chassis than its predecessor. The most significant update was the introduction of an optional 3.0-liter flat-6 (H6-3.0) engine in the VDC and L.L.Bean editions, providing a welcome 212 horsepower and smoother power delivery compared to the standard 2.5-liter flat-4.

Collectors are increasingly drawn to these wagons for their blend of analog driving character, simple mechanics, and everyday usability. The H6-powered L.L.Bean models are particularly desirable for their unique two-tone paint schemes and well-appointed interiors. These Outbacks represent a high point in Subaru's design before the brand's vehicles became larger and more laden with complex electronics, making them a practical choice for an enthusiast's daily driver or weekend adventurer.

The market for the second-gen Outback is diverse. Most are still treated as inexpensive used cars, but demand for clean, low-mileage examples is growing. Well-preserved H6 models and rare manual-transmission variants command the highest prices, often selling for several times the value of a typical, high-mileage example. This gap between beaters and collector-quality cars defines the current market.

Prices for second-generation Outbacks range from as low as $650 for project cars to over $24,900 for pristine, low-mileage examples.