I'm currently looking into buying a used 2001 S2000 with around 15,500 miles on it, for approximately $24,000. I wanted to know a few things, hopefully you guys can help me out. This S2000 is being sold at a Toyota dealership, will this not allow me to get service and things like that done at a Honda dealership? Also, the Carfax record showed a clean record, but I'm not sure if all necessary TSB's and recalls have been done on this car. The salesman I talked to says that Carfax will only show TSB's and recalls that have not been serviced on the car. Is this true? Thanks for all your help guys and I hope to join you guys in some .

Sri

 

You should be able to do better than that, sri. Hell, I wanted 25k for my 01 s2k with 10k more miles, and a supercharger + 2k sound system.

Oz

 

That price is very hi. I just spoke again with a friend who attends the largest auction in the SE. S2000 prices have dropped like a stone. Normally there is a spring rebound that starts in mid dec as dealers pick up cars for sale in the Spring. This year prices are continuing to drop not go up. Take a look on ebay and you will get an idea of what people are willing to pay. 2004's used are going at auction for 24,500 with less then 3000 miles. TSB will never show up on carfax so there is no way to tell if they have been done. I would not pay more then 21,000 for that car.

 

Thats the price that they quoted, hopefully I'll be able to negotiate that down. I've been looking around and this is car caught my attention because of the low miles. I've seen MY2000's with more mileage going for almost the same price. The only thing that is bothering me is that it only has a half year of warranty left, and its being sold at a Toyota dealership.

Sri

 

Would this s2k happen to be at Toyota of Palo Alto? If so then let me know and I can give you the low down on the whole car. My co-worker did the inspection so I know what's ok or wrong with it.

 

2004's going for $24k??? I find that hard to believe unless maybe they are govt. seized properties. So if TSB's do not show up on Carfax, how does one find out if they've been done? Thanks for the insight. I thought the price was pretty decent compared to some other user car listings I've seen, but it seems I can go lower!

Sri

 

That would be awesome, I'll send you a PM. Thanks!

Sri

 

Car listings are not a reliable indicator of car sale prices. They are a sellers wet dream, nothing more. It seems to me that right now there is a pretty large spread between what the sellers want & what the buyers are willing to pay. Look at e-bay completed auctions for cars like the one you want. Remember that an e-bay auction that didn't result in a sale means that the price was too high. Also make sure that you don't pay top dollar for a car that has an unknown history. If it has been auctioned a couple of times & if you don't know the original owner, then you should assume that the car has been beat, and you should discount accordingly. And remember that Carfax MIGHT tell you that a car has been wrecked or totaled, but maybe it won't, because their records are not always complete.

Here's my own experience since Oct this year.

'03 1,600 miles $27K with 7 year warranty, local trade, local owner. I thought about it for an hour & it was gone. That was a nice deal.

'03 6,000 miles, unknown history. Two bolts on front clip had wrench marks, no explanation offered. Dealer offered it to me at $26K . I declined & he called back two days later & offered it to me at $25K.

'02 8,000 miles, one owner, locally serviced, $25K - sold after 2 weeks.

'02 13,000 miles, unknown history, I turned it down at $22k.

Then I got tired of the crap & bought a new one

--Mike

 

Got my 01 for 23.5k with 16k miles :

 

my 01 was 22 grand... but it came with neuspeed springs, act clutch, tinted windows, exhaust, powdercoated rims and aem cai