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Honda S2000 Prices Paid and Buying Experience

416 messages,  Last post on Oct 10, 2009 at 7:11 PM

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What is this discussion about? Honda S2000, Convertible


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#313 of 416
How good is my deal? by sofr310
Jan 06, 2008 (5:46 am)
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I'm just recently buying a 2003 S2000. In fact I'll be signing the contract next Monday. I searched around for a while and found this deal. It's blue on blue, good condition (no scratches or dents on the exterior, broken antenna but the dealer will fix it for $25, and a very minor tear on the passenger door which they fix for $125, like new rims, about 65% left of tires life, clean engine, everything else looks very good). It's one owner. Mileage is 63,580. It was listed for $17,475 and I negotiated it down to $15,500. Is it a good deal? OK deal? Bad deal? It's my first manual car, first sport car, and most expensive car I've purchased so I'm a little nervous. +) Any input is appreciated. Thanks.
P.S.: I'm from austin, texas.
#314 of 416
Re: How good is my deal? [sofr310] by vinnyny
Jan 06, 2008 (6:43 am)
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Replying to: sofr310 (Jan 06, 2008 5:46 am)

High miles AND fair condition on a high-revving four cylinder sports car are not a good combination. I say "fair condition" because minor broken parts and wear that could be fixed inexpensively probably don't say much for how the car was maintained in general. The price is probably $2-3k too high if you wanted to take a chance on it. I did a quick search of cars.com and found 20 S2000s in TX with less than 50k miles and priced below $20k.
 
You could probably find a very low mileage example that somebody kept covered in his garage as his weekend driver. Look for "individual owner" listings and you'll eventually find the one that the guy dried with baby diapers after he washed it with distilled water. Cars.com showed a "weekend driver" in Rockport with 14,700 miles for only $18,900. Call him and talk him down!
#315 of 416
Re: How good is my deal? [vinnyny] by sofr310
Jan 06, 2008 (12:06 pm)
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Replying to: vinnyny (Jan 06, 2008 6:43 am)

vinnyny, thanks for the research. Unfortunately, the car that you mentioned in Rockport has a salvage title. Here's the description: "This car does have a salvage title and was repaired to like new condition in the rear quarter panels". I did call seller a while back and he said the previous owner drove the car into a ditch. Salvage title means impossible to get a loan for it, means cash buyers only. I don't have that kind of cash and I don't really trust salvage title...
 
----------------
Edit: I just realized that the Rockport car you mentioned was a different one, not the salvage title one. The one you talked about is a 2001, with 14,7000 mi, selling at $18,900. So basically it's 2 years older, $3.5K more expensive, lower miles. Is that worth it? I do have a budget of $18K max
#316 of 416
Re: How good is my deal? [sofr310] by vinnyny
Jan 06, 2008 (5:39 pm)
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Replying to: sofr310 (Jan 06, 2008 12:06 pm)

Personally, I would take the lower mileage car that has been well taken car of. (I'm assuming this because of the description--you'd have to verify). The 01 should cost about the same as the 03 (and the Edmunds private party value is about $15k). I'm betting you can talk the seller down to that range if you show up armed with facts.
 
I don't know the specifics on the differences between the 01 and 03 models but maybe one of the S2k fans will jump in to offer some thoughts. Good luck!
#317 of 416
Re: How good is my deal? [vinnyny] by accelerator
Jan 07, 2008 (6:51 am)
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Replying to: vinnyny (Jan 06, 2008 5:39 pm)

Major differences that come to mind or the plastic/glass rear window... the 2003 might have glass depending on what portion of the year of 2003 it was produced. Glass was used in the latter half of the year, iirc. That said, there are kits to convert the plastic to glass which I believe runs around $350 to do the conversion.
 
As far a which one to get, you'd be best to talk to the person and get a vibe from him. If either owner says, "yeah man, this thing is fast!" He probably didn't wash it was diapers with distilled water. I'm a member of the s2ki.com forum and there are lots of s2k fans who do baby their cars and in fact, I'd suggest you hit www.s2ki.com and find the local chapter. There is almost always someone selling their S.
 
Oh, also see if they'd let you have the car inspected by a mechanic you trust. If they say they are not comfortable with that, run. If they say sure, get the inspection done. Just because they agreed, doesn't mean they aren't trying to hide something. I've sold many cars before and people have asked if they could have a car I was selling inspected... only 1 person actually got the car inspected. People think if the seller of a car is willing to have their car inspected that the seller's car must be okay. This isn't always true. It could simply be they are bluffing and/or calling your bluff if you will.
 
Check out s2ki.com. You'll find a wealth of information and maybe your first S! Let us know how it goes.
#318 of 416
Re: How good is my deal? [accelerator] by sofr310
Jan 07, 2008 (8:22 am)
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Replying to: accelerator (Jan 07, 2008 6:51 am)

Thanks for your opinion, accelerator. I'm buying this car from a dealership (not Honda dealership). They do let me get the car inspected though I haven't gotten it inspected yet. I will try to do it today.
#319 of 416
2005 s2000 w10k miles by nomisny
Jan 16, 2008 (7:36 pm)
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2005 s2000 w10k miles
 
This car is certified...any idea what a good price would be from a Honda dealer...input from anyone would be appreciated.
 
Going to look at it this weekend...thanks in advance.
#320 of 416
Re: 2005 s2000 w10k miles [nomisny] by dwynne
Jan 16, 2008 (8:31 pm)
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Replying to: nomisny (Jan 16, 2008 7:36 pm)

Edmunds says $20,386 trade, $22,229 private party, and $23,667 dealer retail, and $25,077 certified. I think that last number is WAY too high. KBB says $27,180 - also way too high.
 
You can go here at the Honda CPO page a do a search of all S2000s in your area and what various dealers are asking for them.
 
You could buy mine (NFR 11k with HondaCare warranty until 2012 or something) for $22k or so . I would not mind upgrading to a new 08.
 
Dennis
#321 of 416
Re: 2005 s2000 w10k miles [nomisny] by accelerator
Jan 17, 2008 (6:51 am)
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Replying to: nomisny (Jan 16, 2008 7:36 pm)

What is their asking price?
 
On a 2005, White with about 25000 mile on it, edmunds has the following:
Private Party: $20,282
Dealer Retail: $21,644
 
You can also look on AutoTrader for a comparison to see how they are priced for the mileage similar to the one you are considering. Before my S, I had a Jeep and comparing autotrader gave me more credit at the dealership than citing KBB or Edmunds (no offense Edmunds). Dealerships have canned responses for when a customer mentions KBB or Edmunds but it is hard to argue with the asking price that other sellers are listing their cars at, granted the others probably are not certified***.
 
*** As for the certified part, be sure you understand what certified means. I had a friend buy an immaculate white 2005 S, certified. He owned it about a year and had to have the battery replaced. The battery was replaced by the dealership at no cost, but the battery WAS a lawn tractor battery!!!! He had to go around a little bit with the dealership since they accused him of swapping batteries but in the end, the dealership did replace the battery. All I'm saying is be sure to inspect the car despite being certified.
 
You can also check out www.s2ki.com. This site is the international S2000 forum. You may be able to find a well maintaned S in a local chapter or in the Fro Sell section. Be sure to ask if the car was tracked or not.
#322 of 416
2007 S2000 - Price paid recently by lee271
Jan 31, 2008 (1:06 pm)
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I just purchased a new 2007 S2000. After going to a couple of dealers in Dallas (and being totally disappointed with their prices), I took a ride up to a dealer in Irving. They had four 2007 models marked to what I thought was an unbelievable price in light of what I've read on this board. They had two red cars that were marked at $27896.00 + "fees". They also had two blue models marked $28896.00 + "fees". The fees were $660 for destination charges and a $55.00 document fee. I told the salesman I wouldn't pay the fees period. I told him those "fees" should already be reflected in the price.
 
To make a long story short, the agreed upon price for one of the red cars was $27,675.00. Therefore, there are deals out there. The blue cars were asserted to be higher because they had been on the lot less time than the red cars. However, they would undoubtedly deal on those as well. They were clearly trying to get the cars off the lot.

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