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Honda S2000 Prices Paid and Buying Experience

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  • kyfdxkyfdx Posts: 29,847
    A glass rear window is a big difference.. You might see a bigger spread than you would think between '01 and '02 models because of this..

     

    But, there are plenty of low mileage S2000 around.. Take your time and find the one you want... Like many roadsters, people often find they don't want to make the compromises to own one for very long. That creates a nice pool of low-mileage, late-model cars.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • I have been quoted a price of $31,705 for a 2005 Blue Suzuka with Rear lip spoiler, Front Spoiler, Side Strikes, and wheel locks. These were added by dealer, so have no choice but to take them. I probably would have added them anyway.

     

    Anyone have any input on whether or not this is a good deal.

     

    Of course this deal is good "only until tomorrow". But I really don't want to buy until after Jan 1. Missouri has a personal property tax for any vehicle owned as of Jan 1 of a given year.

     

    I have reviewed "used" prices and many pre-owned S2000's are close to this price...so I figure why not buy new?
  • I have read many websites like Edmunds and Kelly Blue Book to find a fair price for me to pay for a 2001 S2000 with 8000 miles. I seem to find very different prices. May I have some advice from you of what you think a good price for me to pay? Thank you.
  • kyfdxkyfdx Posts: 29,847
    I don't follow the market that closely.. Go to this discussion: dbauer, "Real-World Trade-In Values" #23773, 17 Dec 2004 7:57 pm

     

    There is a guide printed in red at the bottom of the page... Use that as a template to describe the car.. Then ask Terry what you should be paying for the car from a private party or dealership.. You'll have a good ballpark figure within a couple of days.

     

    regards,

    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Thank you, I appreciate your advice.
  • nyccarguynyccarguy Stamford, CTPosts: 7,770
    Dropped my Prelude off for an oil change and an alignment tonight and did my obligatory walk through the showroom before I picked up my loaner car (loaner cars at a honda dealership, pretty cool huh). Tucked in a corner way in the back was a brand new, Silver S2000 (not sure which silver it is). Damn that car is hot! I sat in it and it fit me like a glove. Too bad I'm going to have to put off my purchase of a convertible until 2020:) There was a big, red tag hanging from the mirror with the $29,799 price... Honda of Nanuet.

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

  • Silver S2000 sounds nice. Wait until the year 2020??? Nah.. just go for it now. That car has your name on it. Sounds like a good price also. Do you know if it has the rear spoiler and side spoilers?
  • nyccarguynyccarguy Stamford, CTPosts: 7,770
    The car did not have the rear spoiler and side skirts.

     

    Nah, I'll have to wait a few years. I just got married 2 months ago, bought a condo last year, have my wife's car to pay off s well as her school loans. Definitely no S2000 for me any time soon.

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

  • Just purchased an '05 Silverstone Metallic/Black Interior. Got it for $29,166.50 @ Rusty Wallace Honda in Knoxville, TN. Took us five minutes to sign paperwork and drive. The New care sales manager and General manager were great. If you live within 200 miles of Knoxville and want a good deal on a Honda, call them!
  • gsolman6gsolman6 Posts: 28
    scgamecock: Does that include freight and TT&L?

    Even if its not you still did very well. I was hoping Honda would bring back their 1.9/2.9 financing like last Dec., but I may end up waiting awhile to replace my '94 Miata if I do.

    Are you going back there for maintenance?
    I hear Honda dealers treat the S2000 buyers very well cause its such a limited-numbers car and the enthusiasts mechanics probably get bored of working on Accords and Civics all day.
  • We made a security deposit that included TT&L and yes the freight charge was factored into the final price.

    We are leasing the vehicle through Honda Finance so our payments are roughly $424/month. I believe the money factor used is .00235 36months/15,000 miles per year.
  • shrink1shrink1 Posts: 1
    I bought a 2005 Sebring Silver with red and black leather for $30,450. I bought it at Fladeboe Honda in Irvine, Ca. I requested a car cover and deluxe detailing....no charge of course. I was pleased with the experience and love the car. It will be a weekender only.
  • avironaviron Posts: 1
    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.
  • jimg6jimg6 Posts: 15
    Negotiated a price at $31,335 ($1000 over invoice) for a silverstone metallic with red/back interior. Dealer originally quoted $32,855.
  • buckeye3d01buckeye3d01 Columbus, OHPosts: 5
    I bought a new 05 new formula red in Columbus, OH last weekend at invoice. Didn't take much negotiating at all.
  • habitat1habitat1 Posts: 4,282
    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.
  • dano100dano100 Posts: 21
    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.
  • buckeye3d01buckeye3d01 Columbus, OHPosts: 5
    Immke Honda on Sawmill.
  • dano100dano100 Posts: 21
    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).
  • cmonlowcmonlow Posts: 1
    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....
  • habitat1habitat1 Posts: 4,282
    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.
  • dwynnedwynne Posts: 4,018
    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.

    Dennis
  • isellhondasisellhondas Issaquah WashingtonPosts: 17,778
    A little item called **overhead**.

    If you think holdback is pure bottom line profit, you are dead wrong.
  • kyfdxkyfdx Posts: 29,847
    I don't think anyone is suggesting that it is bottom line profit..

    I believe the term is gross profit.. There is no way for a buyer (or most salespeople) to know what the net profit will be..

    But, if we know about holdback, stair-step incentives, etc... , we can get an understanding of what the gross profit is... and how they can sell a car under invoice.. Any extra information can only help the buyer..

    Besides... if they can't make money on the deal, they won't accept it.. I have faith in the dealer to know how low he can go... ;)

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • dwynnedwynne Posts: 4,018
    Exactly. I never meant to suggest someone COULD buy for invoice - hold back - incentives with nothing added on. You might, but the dealer would be nuts.

    You have to know the numbers in order to make a reasonable offer, then it is up to the dealer to see if they can live with it or not.

    Dennis
  • isellhondasisellhondas Issaquah WashingtonPosts: 17,778
    I guess I just will never understand why people can't just make an offer based on what they feel is a good value to them rather than basing their offer on how much money the dealer may or may not be making.

    Good thing houses aren't bought and sold that way!
  • habitat1habitat1 Posts: 4,282
    Good thing houses aren't bought and sold that way!

    You need to re-check your logic. There is absolutely no difference in the fundamental way houses and cars are sold. Seller puts up a price, buyers and sellers negotiate up or down from there. It's a matter of supply and demand. If a buyer gets too piggish, he doesn't get the goods. If a seller gets too piggish, he doesn't get the sale.

    You also need to recognize that most people feel a "good value" is a price equal to or less than what most others are paying. Compared to a $62k Boxster S, a $40k Honda S2000 would still be a good value. Until one found out that the going price others are paying is $31k, and then their good feelings would turn into feeling like a complete boob.
  • breldbreld Posts: 1,342
    I have just recently become interested in an S2000 in the used car market.

    Can someone enlighten me on what significant changes have been made since the S2000 introduction that you would consider in selecting the model year? It was 2003 that they increased the displacement and gave it a facelift, right? Glass rear window was also that year?

    Were there any years in particular to avoid with regard to reliability?

    Any other factors you would consider when purchasing a used S2000 would be appreciated.

    By the way, anyone taller than 6' driving one of these? (Tells you how far I'm into this process - haven't even tried one on yet)

    Thanks!

    2011 BMW 535xi - 2015 GTI - 2008 A3 - 2009 Ody

  • isellhondasisellhondas Issaquah WashingtonPosts: 17,778
    Nothing wrong with my logic.

    The laws of supply and demand apply to cars as well. If it's January and we are sitting on ten S-2000's and someone wants to make a very low offer, they will probably own a new car! If it's June and we have one in stock, it's a different story.

    And you hit it on the head. A lot of people are just scared to death that just maybe, someone else, somewhere may have paid less than they did for the same car. In my opinion, that's not a fun way to go through life.
  • dwynnedwynne Posts: 4,018
    2000 and 2001 have the plastic window. For 2002 they replaced it with a smaller glass window. They also boosted power on the OEM stereo and were supposed to upgraded the transmission - some other minor trim type stuff. The 2002 cars have separate tweeters in the door, 2000 and 2001 cars have a single (coaxial) speaker.

    For 2004 they changed to a 2.2l I4, but it no longer revs to 9k like the older cars. Larger brakes and suspension changes. Larger 17" wheels where added with a different design. Transmission ratios re-worked and synchros improved. Some minor exterior changes and the console and radio door were re-worked. Supposed to have more room, but you would be hard pressed to find it (or be really short to use it).

    Mine is a 2001, and I updated to the 2002 stereo (really cheap used) and but Polk speakers in the doors and behind the seats - sounds much better. Personally, I would not care much which year, they are all a hoot to drive. The plastic window is a little more work to keep up, but it is larger than the glass window - but I hardly ever drive the car with the top UP so it does not matter much.

    Other than no more 9k redline, the 2004 and up cars would be nicer - just more torque and the suspension and interior upgrades are nice. The tweaks make the car a little less prone to coming around with trailing throttle oversteer - which is a problem if the driver is not used to a RWD car. No stability control on any year, so it is up to the driver to keep it in line.

    I would want a car that either has or could get a HondaCare warranty. If it does not have it, then it has to be under 42 month/42k miles.

    With 6 years of production, it should be pretty easy to find a nice low mile example used for a nice price. You can also buy new for under invoice from several Honda dealers (under $30k in some cases). Some folks have abused their S2000s, so getting one used from a dealer or auction would be iffy to me. Being able to look at the original owner and talk to them would be the way to go if used. For example, I run the car as intended - but I don't abuse it and I do maintain it. You would not want one someone had putted around in, but you don't want a speed-shifted, bent shift fork car either.

    Plan on replacing the super-sticky rear tires at 10-12k miles (depending on how you drive) and the fronts at about twice that. For the pre-2004 cars these are $177 + shipping each for rears from the TireRack. I don't think the 2004 and up tires will last any longer and may cost a bit more.

    I am toying with the idea of selling mine and getting a new one. I only have 16k or so on mine, but I would like to get the full warranty, a new car, and the upgrades. Not a big deal if I "have" to keep mine - loads of fun. I can get 22-23mpg commuting to work, 26 mph out blasting around the back roads, and a little better than that with the cruise locked on during an Interstate trip. All top down, of course.

    If you fit the car, then test drive a USED one - that is broken in so you can VTEC it to 8-9k. Then you will really see what it is about. A lot of folks don't "get" the car - light, tossible, fun - but not a lot of torque. That mean you have to pay attention and DRIVE the car. A lot folks will test drive and just not get it and end up in a Mustang V-8 or Z or something. The rest of us, get it and get it :D

    Dennis
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