Hi,
I've had my S for more than a year and a half and now I have bought another car and can't afford to keep both so I want to sell it. My car is perfect and loaded with extras.
The car has been for sale for the past 2 months and I can't seem to get rid of it considering my price isn't high at all. I have 16,500 miles with all options and asking $28,000 for it.

Is this price not a fair price with every option on the car? This really sucks for me cause I just am having such a hard time selling it even though its summer. I would love to hear from all of you to tell me what I should or not be doing? Thanks.

 

First you don't identify what extras. Unless you have a hardtop, any extras (aftermarket accessories, etc) are likely to add little or nothing to the resale value as the potential buyer may have no interst in them.

Second, I don'y know where you live but it seems that, except in CA, new cars are available at MSRP and there have been reported cases on this forum of purchases below MSRP, even as low as 30k.

Now put yourself in the position of a buyer. By definition you can afford to buy one. You can buy a new 2001 for $32,700 (or less) or a used 2000 (and no real knowledge of how hard it's been driven) with 16k miles for $28,000. Which would you do? To me it's a no brainer. Remember that the 02 models will be out soon and even if they have a slight increase in MSRP they will be 2 model years newer than your car.

Bottom line, you may have to lower your price.

 

I think another dynamic is at play. There seems to be a HUGE churning of S2000's. There are always plenty available used. I think a lot of new-car purchasers find they don't like the ride or the storage, or the need to rev for power. They then sell it.

The used car market seems to be flooded (given the limited production) with our cars. At least that's the case in the DC area.

 

hmmm...around here, i've seen used one's go for more than sticker price. it's market dependent so advertise nationally.

 

You might try advertising in Autoweek, that reaches a national audience.

 

I've noticed that too......With almost 30k miles now, I'm afraid to see my depreciation!

 

E-C-O-N-O-M-Y!

How much of a discretionary purchase is a two-seat sports car? "Gee, maybe we should save instead of spend, seeing as my industry is having all these lay-offs..."

By the way, you should see the depreciation on even higher end sports cars. 996's are depreciating as much as $25K in 2 years!

Great buying opportunities, however!

 

taimur, your price is too high in NY. Paragon Honda was selling new stooks MY2001 recently for $29,999. All of the NY dealers are asking near MSRP or below now. I've had 5 dealers call me in the last 2 weeks offering MSRP because I was on their list from last year when they wanted more than MSRP.

 

Dealers in this area still want more then MSRP. Every used S2000 in the paper is still above MSRP.

 

I think it has more to do with the typical buyer for this car wanting to have it from the instant it rolls off the boat. I know I didn't want to buy an S2K that had been over-revved badly during break-in or mis-shifted an unknown number of times. That was BEFORE I knew how delicate our drive-lines are.

I agree with the earlier poster, it's a no-brainer for me. I'd pay >$5K more than you're asking to get a new machine.