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Honda S2000, Convertible
#78 of 420 Looking for dealer recommendations
Apr 27, 2005 (12:15 pm)
I live in San Diego, CA and I'd like to purchase a new 2005 S2000 in the next couple of weeks. The local Honda dealers that I have contacted are asking higher prices for S2000s than I've seen mentioned here. I am willing to travel several hundred miles to obtain the best price. I'd appreciate recommendations for Honda dealers to contact. Also, is the 2005 S2000 a 50 state vehicle? How hard is to register a new S2000 purchase from an out of state dealer in California? Thanks.
#79 of 420 Picking up 2005 S2000 tomorrow!
Apr 27, 2005 (5:30 pm)
Negotiated a price at $31,335 ($1000 over invoice) for a silverstone metallic with red/back interior. Dealer originally quoted $32,855.
#80 of 420 Bought last weekend
Apr 29, 2005 (4:55 am)
I bought a new 05 new formula red in Columbus, OH last weekend at invoice. Didn't take much negotiating at all.
#81 of 420 Re: Bought last weekend [buckeye3d01]
Apr 30, 2005 (6:17 am)
Congratulations on your good deal. Please post the name of the dealership.
Also check out my recent post in the "definitive sports car" forum. I have very fond memories of my former 2002 S2000. May consider getting another one.
#82 of 420 Re: Bought last weekend [buckeye3d01]
May 01, 2005 (8:22 pm)
Which dealer was it? I live in Bucyrus Ohio and I'm thinkink of trading my '03 S2K
( New Formula Red also) on an '05 Silverstone.
May 02, 2005 (10:21 am)
Immke Honda on Sawmill.
#84 of 420 Re: Columbus Dealer [buckeye3d01]
May 02, 2005 (8:48 pm)
I know the dealership well. My sister lives in Hilliard and we are going down to visit this weekend. I plan on dropping by to see what they will give me in trade. Mine has 21k and a new set of Fuzions(made by Bridgestone and half the price as the OEM tires).
#85 of 420 2005 S2000 Price in Dallas
May 15, 2005 (7:42 pm)
I'm looking around for a yellow S2000 and from what I've found, the invoice is $30,300. It's base model without any accessories. The only dealer which has claims that they spray an 'environmental protection layer' on their S2000's to protect the paint. For that he wants $595.
So on all in all, he's asking for $31,260. You guys think that it's a reasonable price?
Also another question: When the dealer says invoice price, is that the real price he paid for the car? If that's the case, there's only 9% profit margin. That's not enough to run a dealership i think....
#86 of 420 Re: 2005 S2000 Price in Dallas [cmonlow]
May 16, 2005 (4:06 am)
I bought a 2002 S2000 for $32,000 in late 2001 when the Edmunds "TMV" was $36,000 ($3,200 over MSRP). Today, the Edmunds TMV in my area is $30,982, approximately $650 over invoice and $300 less than the price you were quoted. Personally, in my last three purchases (all Honda/Acuras) I have substantially beat Edmunds TMV price, so I would expect to be able to buy an S2000 toaday for invoice - $30,335.
Far more offensive than your slightly high price quote, is the dealer's claim that they need to spray an "environmental protection layer" over the cars paint. That's pure B.S. and a reason I would immediately tell this dealership to pound salt. I'd take that complaint right to the GM, forget the sales manager or sales person.
The S2000 is the best built car I have ever owned, bar none. Mine was "Spa Yellow" and the factory paint was perfect, and remained so after 2 1/2 years of parking on the street outside my house in DC. I waxed the car with Maguire's Professional #26 about once every 4 months and could never find the slightest imperfection. The idea that some yahoo Texas dealership goofballs would be spraying something on this car should be punishable as a capital offense. And eligible for the death penalty. This car is partly hand built in Japan next to the NSX at one of the highest quality automotive plants in the world. It needs NOTHING sprayed on it. And if anything was, I would absolutely NOT buy that car.
On your final question, Honda has a 3% holdback, so even at invoice, they are making $1,000 profit. Dealership economics may appear baffling, but be assured that they make a bundle in a lot of ways - service, volume kickbacks in addition to the holdback, etc. In a recent Washington Post Article, the Ourisman family was estimated to have a net worth of several hundred million. And their main dealership sells Chevy's. They could probably partner up with a few other Washington automotive families and buy GM. Not that they would ever want to, since they are making far too much selling and servicing them.
#87 of 420 Re: 2005 S2000 Price in Dallas [cmonlow]
May 16, 2005 (6:34 am)
That is about $5 worth of chemicals and $590 worth of dealer markup. Of course, that crap-o-la on your car can make it hard to wax your car so I would avoid a car with that on it if you can. To me it is a minus rather than the plus the dealer claims it to be.
The invoice on the S is about $30,300 and as was mentioned hold back on Hondas is 3% of MSRP or a little over $1,000. So if you got the car for $29,300 then the dealer would make no money, for $31,260 the dealer is making close to $2,000 profit. Depending on the area, you can do better.