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Honda S2000, Convertible
#320 of 420 Re: 2005 s2000 w10k miles [nomisny]
Jan 16, 2008 (8:31 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.
#321 of 420 Re: 2005 s2000 w10k miles [nomisny]
Jan 17, 2008 (6:51 am)
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 420 2007 S2000 - Price paid recently
Jan 31, 2008 (1:06 pm)
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.
#323 of 420 Re: 2007 S2000 - Price paid recently [lee271]
Jan 31, 2008 (1:25 pm)
Congrats on the new car and welcome to the club!
NFR is the best color anyway, they should have priced it for MORE than the blue ones .
Sounds like a sweet deal to me. I paid $30k for my 05 in 05 and that included the dealer fees and I did the cheap lease.
I think there was/is $2,500 in dealer money on the left over 07 cars and nearly $1k in hold back, so they can afford to get pretty cheap on them.
The only bad thing about the S is that the resale value is in the toilet. They USED to be really strong on resale value but now that Honda has to deep discount to sell the new ones the used market has "adjusted" to not good prices (for a seller). I was told my '05 with 11k on the clock was worth $17.5k to $19k trade toward a new 08. I got $19.5k for my 01 when I traded it 4 years old with a lot more miles on it back in 05.
#324 of 420 Re: 2007 S2000 - Price paid recently [lee271]
Jan 31, 2008 (1:33 pm)
Hey a fellow Dallas person! Welcome to the S2K Club! I got mine back in May of 07 and paid 27,800 (if I recall correctly?) so you did very well. Now, head over to the s2ki.com. Go to the forums and you'll see the http://www.s2ki.com/forums/index.php?showforum=10. This is a pretty active chapter with monthly drives. I haven't been to one yet due to conflicts but they sound like fun. I believe one of the popular meeting places may be over in Irving so that might be in your neck of the woods!
Oh, I do have to tell you one thing for sure... you are going to hate having this great car and not being able to put the top down, just yet... Hang in there, the car is even better with the top down.
Again, welcome to the club!
#325 of 420 dealer cash?
Feb 11, 2008 (10:31 pm)
i read on another forum that Honda added dealer cash to some models. what about any new incentives on the s2k? anyone hear anything new?
#326 of 420 Re: dealer cash? [23109vc]
Feb 12, 2008 (6:04 am)
Edmunds shows nothing new. There is/was money on the all the left over 07 cars sitting on the lots. If you find one in a color you like you should be able to get it several thousand under invoice. Of course, you can get an 08 for a bit under invoice as well.
#327 of 420 buy 07 or lease 08?
Feb 12, 2008 (10:43 am)
my local dealer has an 07 in white - my favorite color. how cheap you think I could pickup a leftover 07 for? much cheaper than an 08?
i'm still not sure if i'm better off to buy an 07 or lease an 08?
#328 of 420 Re: buy 07 or lease 08? [23109vc]
Feb 12, 2008 (11:18 am)
I don't remember now, but I think Honda was doing $2,500 in dealer money on the left over 07s. Look bad in the older messages here, I would think someone had mentioned the amount. I would say the 07 could be had for invoice less the incentive less nearly all of holdback. The last quote I got for an 08 S was either invoice or $500 or so under for the car, destination, and dealer fee.
You have to get firm prices for both from several dealers and then run the numbers. If you want to end up owning the S, then buying either is probably a bit cheaper. The current 08 lease deal is fairly cheap (1.3% effective), but if you do the lease then buy at this rate it will probably cost you a little more - since you have to pay the $595 bank fee and will have to finance the lease buy out at a higher used car rate.
#329 of 420 Re: buy 07 or lease 08? [dwynne]
Feb 12, 2008 (5:55 pm)
say i can get 2500 AND holdback....is holdback 3% of MSRP??
if so, thats another $1k...
invoice is about $31k
so 28k or so??
i figure on the lease.....when you factor in all the fees and crap... you'll be around $475-500/month with NO MONEY down at all. sign and drive.
if you BUY and finance it over 6 years... your payment is about the same....
so 3 years into the lease.... you turn the car back in. 3 years into the 72 month term... are you upside down or do you have any equity int he s2k?
i still think they will make the deals better. i'm literaly seeing houses foreclose around me left and right... home prices are plummeting like crazy. the unemployment is gonna go up...and as all this crap adds up... the big D is going to be unavoidable and then good luck to Honda to try and sell a two seat sports car when half of America is worried about making the bottom line..
i say deals will sweeten over the next 12 months. what do you say?