06 s2k white w/ black int
Joined: May 2002
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Originally Posted by stooken,Apr 1 2007, 07:15 PM
wow.
good luck finding that price.
good luck finding that price.
Check it out. 20 2006 Honda S2000s for $27K or less. Since most are from a dealership, you can definitely get at least $1000 less than that. There are a few in there for less than $25K as well, including at least two with under 7K miles.
I've followed prices for months. I know what you can buy an S2000 for these days.
Joined: May 2002
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The older ones are holding value really well. It's the brand new ones that are losing money bigtime.
When you can go just about anywhere and buy an S2000 for $31000 or so (plus TTL) and as soon as you drive it off, you lose $4K and within a year you've lost $5K, that's a pretty big hit. However, within the next two years, you'll only lose another $5K. By the fourth year of ownership, the car is barely losing $1500 a year. The price difference between a 2004 and a 2002 isn't that much these days - $3K-$4K. It's why I bought used - I can own the car for the next four years and only lose another $5K-$6K (25% of current value).
Initial hit and all, it's still not bad compared to (for instance) Mercedes-Benz for their upper-level cars. A CL or S-Class will lose a significant portion of its value off the lot, especially the high-dollar AMG cars. $160K+ cars losing $30K within six months of purchase is huge in absolute dollars and still pretty hefty at roughly 20% of the purchase price.
When you can go just about anywhere and buy an S2000 for $31000 or so (plus TTL) and as soon as you drive it off, you lose $4K and within a year you've lost $5K, that's a pretty big hit. However, within the next two years, you'll only lose another $5K. By the fourth year of ownership, the car is barely losing $1500 a year. The price difference between a 2004 and a 2002 isn't that much these days - $3K-$4K. It's why I bought used - I can own the car for the next four years and only lose another $5K-$6K (25% of current value).
Initial hit and all, it's still not bad compared to (for instance) Mercedes-Benz for their upper-level cars. A CL or S-Class will lose a significant portion of its value off the lot, especially the high-dollar AMG cars. $160K+ cars losing $30K within six months of purchase is huge in absolute dollars and still pretty hefty at roughly 20% of the purchase price.
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If I were buying an AP2 I'd compare milage between '04-05's and go for price minus $1000 per model year. Both cars same milage, I'd take the '04 if I could save $1k.
"06 and '07, same deal considering both cars in these two groups are the same.
"06 and '07, same deal considering both cars in these two groups are the same.
Joined: May 2002
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It definitely does make more sense to buy new at those prices. That's my point. People that think their 2006 S2000 is worth $26-$27K are smoking crack. If I can buy them (used) at dealers for less than that, there's no way they're worth that much in a private sale. One guy in San Antonio is selling S2000s for $30,500 out-the-door and he'll deliver for free within 300 miles.
I bought a 2004 and saved myself about $7K and I won't lose much more over the next two or three years. It's the two year old or newer cars that have taken the big hit already.
I bought a 2004 and saved myself about $7K and I won't lose much more over the next two or three years. It's the two year old or newer cars that have taken the big hit already.
