How accurate is Edmunds "True Market Value"?
#11
KBB, Nada and Edmunds can give you a "fair" idea what the value of a car but an S2000 is not a normal car. The price of our car depends on the region, the color, where you are buying it and even the month of the year you are buying it.
Biggest warning is that if you walk into a used car dealership and pitch a KBB or Edmunds price at an s2000 you are going to be laughed at. I made this mistake a couple times in the two years I spent searching for my S. I read on the boards and in magazines that AP1s were selling for $10,000 so I went into every negotiation thinking that. After two years, the cheapest AP1s were beat to hell or had very high miles and they were were selling for $11,500 (private or dealership).
Just be flexible. Realize that an S2000 is a wanted vehicle. After buying a few cars and talking to dealers, they shared that when a wanted car (S2000, STI, Evo, etc..) goes up for sale that the dealership will get dozens of calls from people offering KBB and Edmunds prices. That goes the same for private sales as well. I sold a 240sx and received literally 25 calls in a week and basically told everyone first one to my house with $5000 gets it.
I understand that you don't want to, "overpay" but recognize you are buying a sexy sports car that will always be in demand. If its something you are going to keep and enjoy for years what does an extra $500 matter if its the exact car you want?
Biggest warning is that if you walk into a used car dealership and pitch a KBB or Edmunds price at an s2000 you are going to be laughed at. I made this mistake a couple times in the two years I spent searching for my S. I read on the boards and in magazines that AP1s were selling for $10,000 so I went into every negotiation thinking that. After two years, the cheapest AP1s were beat to hell or had very high miles and they were were selling for $11,500 (private or dealership).
Just be flexible. Realize that an S2000 is a wanted vehicle. After buying a few cars and talking to dealers, they shared that when a wanted car (S2000, STI, Evo, etc..) goes up for sale that the dealership will get dozens of calls from people offering KBB and Edmunds prices. That goes the same for private sales as well. I sold a 240sx and received literally 25 calls in a week and basically told everyone first one to my house with $5000 gets it.
I understand that you don't want to, "overpay" but recognize you are buying a sexy sports car that will always be in demand. If its something you are going to keep and enjoy for years what does an extra $500 matter if its the exact car you want?
#12
Registered User
id stick with KBB and NADA
IM seeing KBB listing PPV in Raleigh for an '05, GC, 25k for $17,800
IM seeing KBB listing PPV in Raleigh for an '05, GC, 25k for $17,800
#13
It would seem that people who have experienced these cars do love them. It also appears there are not many of them available and it may begin to get more difficult to replace one based on the low production numbers.
Good luck on your search. Mine will not be for sale.
After several years of steady production, sales of the roadster began falling dramatically starting in 2006, and the trend accelerated during the 2008 U.S. recession. Honda sold 7,320 units in the U.S for 2004, the first year of the AP2. In 2008, only 2,538 units were sold in the U.S. - a 74% decline from the 2002 sales peak. In November of that year, for
the first time since its launch, fewer than 100 new S2000's were sold nationwide during a calendar month.[36]
As of the end of 2008, Honda had sold 110,673 units worldwide - 19,987 of those in Europe
Good luck on your search. Mine will not be for sale.
After several years of steady production, sales of the roadster began falling dramatically starting in 2006, and the trend accelerated during the 2008 U.S. recession. Honda sold 7,320 units in the U.S for 2004, the first year of the AP2. In 2008, only 2,538 units were sold in the U.S. - a 74% decline from the 2002 sales peak. In November of that year, for
the first time since its launch, fewer than 100 new S2000's were sold nationwide during a calendar month.[36]
As of the end of 2008, Honda had sold 110,673 units worldwide - 19,987 of those in Europe
#15
Originally Posted by Supra-holic,Jan 28 2011, 10:49 AM
I don't even want to know what mine is worth. 159K miles on a 2006. LOL
#16
Registered User
I paid about 5% more for my car than the NADA value and I still got a great deal since my car was in better condition with far lower mileage than the model year indicated.
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