I'm looking into buying an s2000 mainly because for what I've seen so far, they are relatively cheap from the orginal MSRP. I just sold my 2004 VW R32 due to college and money. Soon going into my sophomore year, I'm going to need a car and s2000 is not my first choice but I also do like the car but mainly it is because it is so cheap. I can find 02-04 for 12k-16k with around 40k mileage. Now I'm wondering, is there a reason as to why the s2000 can't hold its value compared to other honda cars? Maybe some common problems it has which makes it deppreciate so much?

Now for kicks I will search but if anyone has any comments to good and bads on certain years that would be great. And I'm 19 soon turning 20 and don't need a minivan anytime soon so don't think I won't have too much issues on the small space. THANKS!

 

The "blue book" value on the S2000 is very skewed and, in my opinion, inaccurate. To put it into perspective, I paid $17,000 for my MY2000 with 21,000 miles in the spring of 2008. The blue book was somewhere around 9-10k.

In my opinion, if you find a S2000 that is actually listed for what it's worth, you're either very lucky, or you're buying a car that's been ragged on with high mileage.

It's unfortunate the BB values aren't more accurate, because if you're taking out a loan for the vehicle, most banks will give you a very high interest rate due to the fact you're purchasing a vehicle for more than what it's supposed to be worth.

As far as what model year to buy, if I had the opportunity to do it over again (and I'm seriously considering this) I would purchase a MY2002. It has a lot of very good changes, small and large, from previous models, and it still maintains the 9,000 RPM redline.

 

hmm..thanks for the input and If I were to get an 02 the 9k RPM would be nice But I didn't want to sound like I got those values from KBB because I know from experience they aren't accurate. I actually said those numbers by looking at craiglist and autotrader. For an example this s2000 here on autotrader
http://www.autotrader.com/fyc/vdp.js...e&rdpage=thumb
only a 2 year old model and going for 9k less than MSRP with only 1k miles. And for all of us that know Carmax, they tend to jack up their prices at LEAST 2-3k higher than other used car dealership for their good carfax and history "reputation." So that very same car would go for about as low as even $20,000 to a prviate party sale which is about $13 drop. But I like the price drop in these cars for that's the main reason I'm looking into these cars. Just wondering...whyyy!! lol

 

any insurance company will use NADA guide values and not KKB ones anyways.

 

Take your time when purchasing and spend a little more if you have too. The reason for the harsh drop in value is because honda kept the car going for 10years.

 

I think it should've been axed after 6 years, personally. But, if things go the way they continue it will definitely be axed in 2009.

 

Axed for the 2010 s2000 I'm assuming? Because the 09 model is already out And the looks of here....
http://world.honda.com/news/2009/409...yo-Auto-Salon/
It looks like they aren't stopping at 2010 either . I guess that could be true about the value drop; due to being made every year unlike the SI's. BUT like I mentioned in my opinion I think not just the SI's but every car that honda produces mini van(odyssey), suv(pilot,CR-V), other compact cars(regular civic, Fit,Accord) etc. holds their value better than the s2000! And they make those every year =D

 

It is axed for 2010 not sure about 09 models.

 

haha you guys knew what I meant! LOL

 

Just bought my 2006 S2000 Yellow for $16 with 18,000 miles with warrantly left..

 

Niceee...Dealer? Private party? So amazed at the prices on used s2000's.

 

Got it from a Subaru Dealer. The s2000 was traded in dirt cheap for an STI. Dealer said he wanted something to drive year round.

 

i just got my 03 with 28,000 miles for 16,500. its in amazing condition, not a single ding or stain. i think i got a great deal. its almost a bummer, i drive my civic everyday still cause the s2000 is too nice. haha

 

Really good deals....considering they were orginally 33k-35k MSRP. BTW what does he mean "something to drive year round?" You can put the top up when it rains....drive more cautiously in the snow even if it is RWD...sooo?

 

hahaha good luck going anywhere in the snow^ .....ive tried and i am from minnesota where there is snow on the ground 8 months of the year so its not like i dont have experience

 

yes, try driving in 8 inch of snow with summer tires.....

 

i just got a silver 2000 s2000 with 100,000 miles. clean title and good carfax. red/black interior. drives awesome with no noises and i paid $7,500.00. it will be my daily driver after the freaking roads clear up. i hate snow. im 18 so that is a great deal if you ask me. couldnt find a better one for that price.

 

bought my 2005 at a dealer with 26,000 miles for $21,000 OTD. I could have gotten a better deal if I had cash to purchase from a private party but I didn't. the price drop is just supply and demand, lots of supply, low demand and lack of extra money. all auto dealers and manufacturers are hurting and they can't hold out for more money when they're not selling like before.

 

got my 2001 with 72k miles on the clock for 13K....when i got it, it was still booking for 16,000 though

 

that gives me some kind of perspective of what mine could be valued at. I have a MY04 w/ 25k on the clock.

 

I'm not so sure you got such a great deal. From the Kelley blue book, an 06 s2000 18,000 miles is only valued at 19-21k. In this economy, no one should be paying anything close to book values.

 

no bites on my04 for 19k for me and its been up for 2 months, sucks cuz i wanted to snag a newer one but thats what i owe

 

Wow, I'm getting jealous. I got my 2002 Sebring Silver @ 61,000 on the odo for 15,700 private party last Feb. there were some cosmetic defects here and there, but nothing too severe & now im seeing others & what they got theirs for. WoW! I should of waited.

 

I paid 28,750$ for my 02 in 04. 9,000miles on the clock. Its insane how low the car has gotten.

 

haha..yeah that's A LOT compared to the prices now..