used s2000 price so low.... why?
Honda-Tech Member
Joined: May 2001
Posts: 1,162
Likes: 0
Re: (arcticblursx)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by arcticblursx »</TD></TR><TR><TD CLASS="quote">because of the new 2.2L S2k (S2200) thats coming for the 04'</TD></TR></TABLE>
The news was "officially" announced recently. The prices have not been holding too well for some time.
I too cannot explain it, as it is a honda, and should hold its value accordingly.
The news was "officially" announced recently. The prices have not been holding too well for some time.
I too cannot explain it, as it is a honda, and should hold its value accordingly.
Joined: May 2003
Posts: 110
Likes: 0
From: Colmanto, CA, USA
Re: used s2000 price so low.... why? (xtremecivichb)
When a model has sold a lot, more and more people get it so the price (new or used) lowers. But when a model has only 300 items (ex Ferrari Mclaren) then the price goes up. Those 60 people who had bought the McLaren F1 can now sell it in the twice the price it was. And those who own one of the 5 (!) McLaren F1 GTR, while at least 1000 people waiting to buy one can sell it .....(****). That's why the S2000 in america is so cheap. In my country only 300 S2000's exist, and a used S2000 '01 costs 40,000$.
Honda-Tech Member
Joined: Jan 2003
Posts: 2,407
Likes: 0
From: Blue Ridge, TX, USA
Re: used s2000 price so low.... why? (BafMan)
I wouldn't expect the prices to go any lower than they are now though. I'm not sure why the price drops so fast. The car hasn't changed much in the past 3 years..
Guest
Posts: n/a
Re: used s2000 price so low.... why? (BafMan)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by BafMan »</TD></TR><TR><TD CLASS="quote">When a model has sold a lot, more and more people get it so the price (new or used) lowers. But when a model has only 300 items (ex Ferrari Mclaren) then the price goes up. Those 60 people who had bought the McLaren F1 can now sell it in the twice the price it was. And those who own one of the 5 (!) McLaren F1 GTR, while at least 1000 people waiting to buy one can sell it .....(****). That's why the S2000 in america is so cheap. In my country only 300 S2000's exist, and a used S2000 '01 costs 40,000$. </TD></TR></TABLE>
Just FYI the S2000 is a limited run car. There are only 10,000 a year made so this isn't the reason the price is dropping. The #1 reason is the state of our economy in the U.S. right now. No one wants to buy a $30,000 roadster that seats two when the economy is still in fairly bad shape. So rarity is not an issue. There are only 6 S2000's in my town of 200,000 people. That's still pretty rare compared to all the vettes, which I might add are not holding their value quite as well as they were.
Just FYI the S2000 is a limited run car. There are only 10,000 a year made so this isn't the reason the price is dropping. The #1 reason is the state of our economy in the U.S. right now. No one wants to buy a $30,000 roadster that seats two when the economy is still in fairly bad shape. So rarity is not an issue. There are only 6 S2000's in my town of 200,000 people. That's still pretty rare compared to all the vettes, which I might add are not holding their value quite as well as they were.
Trending Topics
Honda-Tech Member
Joined: Sep 2002
Posts: 1,378
Likes: 0
Re: used s2000 price so low.... why? (oos2kfan)
yup... agree.. state of economy is poor..that's one..
but, another factor is keeping the used car market done.
low financing on new cars...this option is making the new car buying process a much more lucrative option than it was before. stimulating the economy by lowering interest rates is a great option for the new car market, but it in turn causes an influx in used cars (as more customers sell their old car and get into a newer vehicle with lower financing).
that's also another reason why resale is lower than average...personally, i don't care for the 350z so i wouldn't sell my s2000 for a 350z. besides, used car market isn't an issue for me because i don't plan on selling the car for a long long time.
but, another factor is keeping the used car market done.
low financing on new cars...this option is making the new car buying process a much more lucrative option than it was before. stimulating the economy by lowering interest rates is a great option for the new car market, but it in turn causes an influx in used cars (as more customers sell their old car and get into a newer vehicle with lower financing).
that's also another reason why resale is lower than average...personally, i don't care for the 350z so i wouldn't sell my s2000 for a 350z. besides, used car market isn't an issue for me because i don't plan on selling the car for a long long time.
Honda-Tech Member
Joined: Sep 2002
Posts: 504
Likes: 0
From: sGv, Ca, USA
Re: used s2000 price so low.... why? (oos2kfan)
You also have to take into account that the S2000 although limited to 10,000 a year, has not changed the body or engine by much. Nothing noticeable. They basically fixed the things that they should have. Economy of course plays a big part. Just give it time and let the 350Z hype die down. People will later realize that Honda built a better car.
Honda-Tech Member
Joined: Jan 2003
Posts: 2,407
Likes: 0
From: Blue Ridge, TX, USA
Re: (The Driver)
It has been verified as true, they're talking about it in another thread. I don't think the official performance specs have been released yet though. I honestly think the 2 liter will not lose any more value after the 2.2.
Honda-Tech Member
Joined: Jul 2002
Posts: 335
Likes: 0
From: san diego, Ca, USA
Re: (LiKe_WhOa!)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by LiKe_WhOa! »</TD></TR><TR><TD CLASS="quote">i saw a '00 with 20k for 20k </TD></TR></TABLE>
Thats a killer deal the prices will stabilize at some point they have to, if not honda ios going to get creamed on the lease bybacks. My 5 year lease has the cars value holding steady at 17K for buyout, after owning the car ~20 months's mine worth ~19K street trade in value. I own quite a bit more then that, hopefully my car will dissapear or roll off a cliff soon because I sipmly could not take the loss on the car as it stands as quite a few people who own them can't as well.
But it comes right down to 0% financing as a steady thing, the public is starting to think that this is a long lasting thing which it simply can't be in my opinin and that will take the used car market to the dump until they rectify it.
</TD></TR></TABLE>Thats a killer deal the prices will stabilize at some point they have to, if not honda ios going to get creamed on the lease bybacks. My 5 year lease has the cars value holding steady at 17K for buyout, after owning the car ~20 months's mine worth ~19K street trade in value. I own quite a bit more then that, hopefully my car will dissapear or roll off a cliff soon because I sipmly could not take the loss on the car as it stands as quite a few people who own them can't as well.
But it comes right down to 0% financing as a steady thing, the public is starting to think that this is a long lasting thing which it simply can't be in my opinin and that will take the used car market to the dump until they rectify it.
Joined: May 2003
Posts: 1
Likes: 0
From: montclair, NJ
Re: (LiKe_WhOa!)
I have no idea where you guys are finding these deals on s2000's.
I am currently in the nyc metro area looking for a slightly used s2k and the prices are still in the $25K+ area for cars with 20K+ miles on them.
I am jealous of your location. It seems whenever I talk to one of these guys on the phone and mention the new s2k with the new engine, they claim they have no knowledge and don't budge on the price.
By the way, new to the forum.
I am currently in the nyc metro area looking for a slightly used s2k and the prices are still in the $25K+ area for cars with 20K+ miles on them.
I am jealous of your location. It seems whenever I talk to one of these guys on the phone and mention the new s2k with the new engine, they claim they have no knowledge and don't budge on the price.
By the way, new to the forum.
Junior Member
Joined: Aug 2002
Posts: 156
Likes: 0
From: Seattle, Wa, USA
Re: (tallguylehigh)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by tallguylehigh »</TD></TR><TR><TD CLASS="quote">I have no idea where you guys are finding these deals on s2000's.
I am currently in the nyc metro area looking for a slightly used s2k and the prices are still in the $25K+ area for cars with 20K+ miles on them.
I am jealous of your location. It seems whenever I talk to one of these guys on the phone and mention the new s2k with the new engine, they claim they have no knowledge and don't budge on the price.
By the way, new to the forum.</TD></TR></TABLE>
Thats somewhat normal....
my roommate got one for $24,5 with 5,000 miles on it. Its a 2001 model, clean as a whistle...obviuosly had incredibly low mileage.
I am currently in the nyc metro area looking for a slightly used s2k and the prices are still in the $25K+ area for cars with 20K+ miles on them.
I am jealous of your location. It seems whenever I talk to one of these guys on the phone and mention the new s2k with the new engine, they claim they have no knowledge and don't budge on the price.
By the way, new to the forum.</TD></TR></TABLE>
Thats somewhat normal....
my roommate got one for $24,5 with 5,000 miles on it. Its a 2001 model, clean as a whistle...obviuosly had incredibly low mileage.
Thread
Thread Starter
Forum
Replies
Last Post
Lookincrazy
Honda S2000
10
Aug 16, 2010 11:05 AM
HondaAP2Laguna
Honda S2000
2
Jan 26, 2006 05:30 PM
