Hey people,

I'm here to simply need your HONEST opinions about something. You see, there's a non-Honda dealership in town that has a yellow '01 S2000 for sale. They've been wanting to get rid of this car for months now. Finally, they've lowered the price to $27K, which is cheap already. I talked to a sales manager from there, and there's a sense that they would let it go for around $25K or a little bit more. I told them that I would give them all cash if they would give me a great deal. At first, I offered them $26K, pay off with cash. Then a couple days later, he left me a message saying that they could even do better if I was willing to take it very soon. So, $25K would be my bet.

Anyway, this dealership is huge and import-cars-dealing, so it's not like this car is from some crappy place. I'm not gonna say the name of the dealership due to my personal reasons.

Here's what I need your opinion on: Should I buy the car at around $25K and advertise to sell it for at least $28 if not higher? The car is in pristine condition (not a single scratch on it) with about 21 thousand miles on it. It has never been in an accident of any sort, and even the original tires seem to be full of tread--about 90%. DO YOU GUYS THINK ANYONE OUT THERE WOULD BE WILLING TO BUY IT FOR $28K IF NOT HIGHER? The actual Blue Book or NADA values are from $30-31K. Should I shell out $25K to buy it? I'm not going to keep it. I just wanna sell it. Again, the car is yellow, in pristine conditions. Please please please give me your HONEST (and unbiased) opinions on this issue as soon as possible. Me thank you so vewwy vewwy much!!!

 

Honestly, with the prices of used S2000's coming down lately, esp 01's and 00's (no glass rear window), 28k for that used one seems very high. That car would probably have a market value of 24k, give or take.

 

[QUOTE]Originally posted by Thoe99
[B]Honestly, with the prices of used S2000's coming down lately, esp 01's and 00's (no glass rear window), 28k for that used one seems very high.

 

If they are having a tough time selling it for their asking price, do you think you can sell it for 28k? People here know that they can get some in good condition for much lower than 28K. It's a sad fact but our resale value is falling. Oh well. Mine is a keeper anyways.

 

[QUOTE]Originally posted by 00S2K01S4
[B]If they are having a tough time selling it for their asking price, do you think you can sell it for 28k?

 

In general cars make lousy investments.

 

I guess you're right. But man, for $25K, that's cheaper than an RSX-S or WRX. It just makes me wanna buy it for keeps.

 

Buying it for keeps is different. I paid over MSRP for mine back in October 1999. No way I'm winning on this investment, at least not monetarily. The enjoyment it's brought me in the 3+ years I've owned it.....Priceless

 

OK well first off, if the car has 21,000 on the odo and you see good tread on the rear tires, they are not the original tires, the S02's tend to last about 15 or 16 K with gentle treatment, since you have 21K on this car, they are replacement tires so who knows how many sets the original owner went through already? Price is too high considering you may need a new clutch soon.

 

Buy it to keep, you'll lose if you try to flip.