Buying High Milage
06-10-2015, 03:30 PM
#11
Def too much. $16k can get you a nice MY04-05 with half the miles or around 60k-90k miles. MY05 with 120k should be $14k at very most, preferably $12-13k.
06-10-2015, 04:10 PM
#12
Depends on your market. When I was looking last June here Ohio (where I can count the S2000's I've seen in the last year on one (1) hand) the asking prices seemed to be based on $20,000 and 40,000 miles for a 2006. Add/subtract $1000 for every year older or newer and for every 10,000 miles under or over. For example a 2006 with 80,000 miles was about $4000 less ($16,000) as was a 2002 with 40,000 miles. Again markets vary and asking prices are just that, asking. Asking prices seem higher this June than last but I'm not looking for another car.
NADA and other car price guides are a dealer shill to give you a "deal". "This car has a NADA of $22,000 but today only and because you're a shrewd buyer I'll let it go for $20,000."
Dealer will want to make money, of course. A high price can't be a rip-off if you agree to it. Buyer eventually sets the price.
I chased several S2000 last June. They're so rare in Ohio I quickly decided color was not a sale stopper. As long as it was '06 or later and under 40K miles and original any color would do. Original cars at Honda dealers didn't last long, I was typically a day after the sale. When I first looked at the car I bought the salesman cautioned the car wouldn't last a week on the showroom floor. Still there 10 days later. My guess is it was because the last owner buggered it with black Einke wheels and any adult thinking of paying over $20K didn't want a car that looked like the wheel covers were stolen. On my second trip to see the car I really expressed how disappointed I was that the car looked so bad. "I'm back and interested but these wheels are just horrible. What can we do?" Drove it home the next day after some negotiation. The dealer is maybe still laughing, but I'm happy.
-- Chuck
NADA and other car price guides are a dealer shill to give you a "deal". "This car has a NADA of $22,000 but today only and because you're a shrewd buyer I'll let it go for $20,000."
Dealer will want to make money, of course. A high price can't be a rip-off if you agree to it. Buyer eventually sets the price.
I chased several S2000 last June. They're so rare in Ohio I quickly decided color was not a sale stopper. As long as it was '06 or later and under 40K miles and original any color would do. Original cars at Honda dealers didn't last long, I was typically a day after the sale. When I first looked at the car I bought the salesman cautioned the car wouldn't last a week on the showroom floor. Still there 10 days later. My guess is it was because the last owner buggered it with black Einke wheels and any adult thinking of paying over $20K didn't want a car that looked like the wheel covers were stolen. On my second trip to see the car I really expressed how disappointed I was that the car looked so bad. "I'm back and interested but these wheels are just horrible. What can we do?" Drove it home the next day after some negotiation. The dealer is maybe still laughing, but I'm happy.
-- Chuck
06-10-2015, 06:29 PM
#13
Registered User
As others said, it's all about your market, I find KBB (or Black Book in Canada) to be off on cars that aren't your common Toyota. For example, my old 07 WRX had a Black Book of I think $15k in excellent shape, which it was. I sold it for $18k because clean examples are rare. S2000's are even more rare here, and typically go for $3-4k+. When I was shopping last year, there were a total of I think 7 for sale in my entire province. I paid $16k for a MY03 is great-excellent shape with 70k miles, knowing the clutch would need to be done in the couple years after ownership. Bought last June, clutch still holds but I'll be doing it this or next summer.
My point is, KBB is nothing on a car like an s2000. They haven't been made for 6 years, as others crash there are less available, and owners love them so there aren't tons for sale.
If you don't feel like paying above KBB is "worth it" that's fine. But there are many others who understand supply and demand, so you'll probably be waiting a while if you're looking for a steal.
Just my $.02. I shopped for mine for about 6mo, and was willing to travel to get it.
My point is, KBB is nothing on a car like an s2000. They haven't been made for 6 years, as others crash there are less available, and owners love them so there aren't tons for sale.
If you don't feel like paying above KBB is "worth it" that's fine. But there are many others who understand supply and demand, so you'll probably be waiting a while if you're looking for a steal.
Just my $.02. I shopped for mine for about 6mo, and was willing to travel to get it.
06-11-2015, 12:58 PM
#14
Would this '$20k = 40k miles and 2006' (add/subtract $1k for every year and 10k mile diff) apply to California market too?? Seems like fair pricing.
06-11-2015, 06:21 PM
#15
I have an 07 with 40k and wouldn't sell it for a penny lower than $50k! Jk Lol I'd ask for way more haha. but in all seriousness the prices on these cars fluctuate. It would be best to negotiate on a price with the seller
06-12-2015, 10:09 AM
#16
Originally Posted by Jah2000
Would this '$20k = 40k miles and 2006' (add/subtract $1k for every year and 10k mile diff) apply to California market too?? Seems like fair pricing.
06-12-2015, 10:59 AM
#17
10-27-2020, 05:30 PM
#19
Depends on your market. When I was looking last June here Ohio (where I can count the S2000's I've seen in the last year on one (1) hand) the asking prices seemed to be based on $20,000 and 40,000 miles for a 2006. Add/subtract $1000 for every year older or newer and for every 10,000 miles under or over. For example a 2006 with 80,000 miles was about $4000 less ($16,000) as was a 2002 with 40,000 miles. Again markets vary and asking prices are just that, asking. Asking prices seem higher this June than last but I'm not looking for another car.
NADA and other car price guides are a dealer shill to give you a "deal". "This car has a NADA of $22,000 but today only and because you're a shrewd buyer I'll let it go for $20,000."
Dealer will want to make money, of course. A high price can't be a rip-off if you agree to it. Buyer eventually sets the price.
I chased several S2000 last June. They're so rare in Ohio I quickly decided color was not a sale stopper. As long as it was '06 or later and under 40K miles and original any color would do. Original cars at Honda dealers didn't last long, I was typically a day after the sale. When I first looked at the car I bought the salesman cautioned the car wouldn't last a week on the showroom floor. Still there 10 days later. My guess is it was because the last owner buggered it with black Einke wheels and any adult thinking of paying over $20K didn't want a car that looked like the wheel covers were stolen. On my second trip to see the car I really expressed how disappointed I was that the car looked so bad. "I'm back and interested but these wheels are just horrible. What can we do?" Drove it home the next day after some negotiation. The dealer is maybe still laughing, but I'm happy.
-- Chuck
NADA and other car price guides are a dealer shill to give you a "deal". "This car has a NADA of $22,000 but today only and because you're a shrewd buyer I'll let it go for $20,000."
Dealer will want to make money, of course. A high price can't be a rip-off if you agree to it. Buyer eventually sets the price.
I chased several S2000 last June. They're so rare in Ohio I quickly decided color was not a sale stopper. As long as it was '06 or later and under 40K miles and original any color would do. Original cars at Honda dealers didn't last long, I was typically a day after the sale. When I first looked at the car I bought the salesman cautioned the car wouldn't last a week on the showroom floor. Still there 10 days later. My guess is it was because the last owner buggered it with black Einke wheels and any adult thinking of paying over $20K didn't want a car that looked like the wheel covers were stolen. On my second trip to see the car I really expressed how disappointed I was that the car looked so bad. "I'm back and interested but these wheels are just horrible. What can we do?" Drove it home the next day after some negotiation. The dealer is maybe still laughing, but I'm happy.
-- Chuck
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