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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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#332 of 416
Re: buy 07 or lease 08? [dwynne] by accelerator
Feb 13, 2008 (9:12 am)
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Replying to: dwynne (Feb 13, 2008 8:24 am)

I leased mine and based on the trend of the current resale values, my car will be worth less (market wise) than what Honda says it will be worth so I feel I am sitting pretty should I decide to purchase mine at lease end. Which I totaly expect to purchase.
 
P.S. I've had mine for about 10 months (and 10k miles) and I have no real regrets, not one (okay, a door unlock button would be nice, but there are "hacks" to overcome that - oh, and the sun visor doesn't move but there are fixes for that, too). I've owned 11+ cars (that I can remember) throughout my life and this is the first car I can honestly say I've never had a moment of regret; it is just that good.
#333 of 416
Re: buy 07 or lease 08? [accelerator] by dwynne
Feb 13, 2008 (10:16 am)
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Replying to: accelerator (Feb 13, 2008 9:12 am)

Mine as well, too bad Honda will not negotiate the buy out price with us. If I knew they would not truck it someplace else, I might be tempted to turn mine in end and see if I could snag it at the local auction (via someone who is a dealer) for the auction price, plus some profit for the dealer.
 
If the deals are still on for the 08s I will likely just turn it in (or sell it retail) and lease an 08 while I can. If the lease deals are gone, then I would probably buy the 05 I have now one way or another.
 
I always say this is my "you can have this car when you pry the keys from my cold, dead hands" car . So the only thing I would replace it with is another S.
 
I should go look in the forums about the unlock hack, that drives passengers (mainly my wife) nuts since I always lock the doors once we are in the car. It would be nice to have a button I could hit to unlock one or both doors with the key in and the car running.
 
Dennis
#334 of 416
Price for 2008 s2000? by legendguy1
May 27, 2008 (3:56 am)
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I am interested in a new 2008. What price have people paid? What would be a fair price? I am here in colder climates (Chicago) so would it be better to wait and see what is left in the fall?
 
Joe
#335 of 416
Re: Price for 2008 s2000? [legendguy1] by dwynne
May 27, 2008 (5:42 am)
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Replying to: legendguy1 (May 27, 2008 3:56 am)

No more than invoice, I would say. If you are leasing, then there is a $1,000 dealer lease incentive so invoice - $1k. I don't think the incentive applies if you purchase the S2000, but you can get 0.9% to 2.9% financing from AHFC.
 
As slow selling as S2000s are, you should be able to find a dealer who will dip into hold back as well.
 
Dennis
#336 of 416
Re: Price for 2008 s2000? [dwynne] by legendguy1
May 27, 2008 (9:12 pm)
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Replying to: dwynne (May 27, 2008 5:42 am)

Thanks for the reply. I wonder if there will be selling prices coming up in the low $28s like some listed late in the 2007 year for 2007 model cars? This has been a tough year in the economy and luxury/elective purchases may not be popular. As an example I see where on http://www.s2000enthusiast.com/ it lists a total of 1130 s2000s sold through April compared to 1378 by the same time last year and 3417 sold in by end of April in 2002. What kind of prices have folks here actually paid on a 2008? Thanks, Joe
#337 of 416
Re: Price for 2008 s2000? [legendguy1] by dwynne
May 28, 2008 (4:41 pm)
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Replying to: legendguy1 (May 27, 2008 9:12 pm)

There was dealer money on them last year, IIRC, which made the cheap prices possible. If you find an 07 still on a lot now, you may can get one for really cheap - but that is a "used car" and > 1 year old as soon as you drive it off the lot.
 
I just picked up my NFR 08 today, as coincidence would have it, and it was $30,247.37 for the car, destination, and dealer doc fee. I think it was a smoking deal (for right now) since invoice is $31,769. With the $1k dealer lease incentive this put the dealer's cost at $30,769 less 2% hold back of $698.70 equals $30,070.30 . So my price was $177.07 over the ASSUMED dealer cost including hold back and known incentives. The lease MF was pretty low as well.
 
Now, to find someone to buy my 05 NFR S2000 .
 
Dennis
#338 of 416
Re: Price for 2008 s2000? [dwynne] by legendguy1
May 28, 2008 (6:30 pm)
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Replying to: dwynne (May 28, 2008 4:41 pm)

Dennis, thanks!!
 
Did $30, 247 include sales tax? What was your out the door price? Real good deal you made. I wish that Honda was not selling the Club Racer as well as this dilutes the number of standard s2000s available (assuming that they all come from the same plant in Japan). Also, I don't think the CRs are selling well. On ebay there is a yellow CR and a black CR with starting prices of 29K (on a car that lists at 38K!!). So if just one person bids the starting price they will be gettin 9 grand off the list price of the CR. Would be quite sweet to get that off a regular s2000! But my point is that there will be fewer regular s2000s available because of the CRs Honda is building.
Joe
#339 of 416
Re: Price for 2008 s2000? [legendguy1] by dwynne
May 28, 2008 (6:51 pm)
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Replying to: legendguy1 (May 28, 2008 6:30 pm)

The price was for the car, destination, and dealer fee. TTL would be extra.
 
S2000 sales are so slow the CR should have no effect on them, every dealer is likely to have several to choose from - and some do have 07s sitting on the lot.
 
You can get cheap financing (2.9% for 60 months, IIRC) on the S2000 right now. If you were planning on financing you would have to run the numbers to see if waiting for a lower price but higher interest would save you more than getting the cheap money now.
 
With the cheap lease rate and the $1k dealer lease incentive, you could lease your S and then (if you want) buy it for the residual at the end of the lease and come out pretty good.
 
I went ahead and pulled the trigger because the price was so insane and the lease was cheap and this was the last NFR they had at this dealership (and probably would not be getting in more in).
 
New, still in the plastic with 9 miles on it - from the factory and the PDI at the dealer - and of course bright red.
 
I was afraid if I waited someone else would get it and I would be stuck with another color or having to pay more from another dealer.
 
This is my 3rd S, after the 01 and 05, and I love it. On the long drive back home with the top down I got 28.67 MPG for a new car, going 65-75. I got 23-24mpg commuting in the others and expect the new one to get about the same.
 
Dennis
#340 of 416
Re: Price for 2008 s2000? [dwynne] by accelerator
May 29, 2008 (5:15 am)
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Replying to: dwynne (May 28, 2008 4:41 pm)

Hey Dennis, you finally did it! Congrats on the repeat purchase! I just passed the one year mark since getting mine and I still love the car. This is the first time EVER that I haven't been tired of the car or looking for something else by now. You were very helpful to me when I was shopping so I cannot thank you enough.
#341 of 416
Re: Price for 2008 s2000? [accelerator] by dwynne
May 29, 2008 (6:53 am)
Reply

Replying to: accelerator (May 29, 2008 5:15 am)

Thanks!
 
The only thing wrong with leasing the same car 3 times in a row is that is does not really seem like I am getting a new car .
 
I thought I would keep the 01 when I got it, but the cheap lease and invoice selling price I got on the 05 (plus getting early lease buyout money for the 01 as a trade) convinced me to upgrade the car. I said then it was a keeper and I could not see getting something else.
 
This time the high residual / buy out price on the 05 and the insane low price and low lease numbers coupled with the 08 upgrades and longer factory warranty convinced me to upgrade again. I am thinking in 3 years there may be no more temptation as I don't think they will still be making the S by that time (but we said that 3 years ago). Also the buy out price on the new car will be $1k or more less than the 05 . If I can pass the 05 on to another enthusiast before the lease ends next month, that would be nice, but if not I will just drop it off at a local Honda dealer and enjoy the 08.
 
The scene in my back yard this morning:
 

 

 
Dennis

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