2004 Honda S2000 Worth

[DepTrotter]

Hi Guys, i was looking at buying my friends 2004 Honda S2000, it has 50,000kms, exhaust, intake, and 18" Tenzo R Rims.

i have seen similar at dealerships for about $30,000 or even more. He wants me to make him an offer and i was just wondering what is fair to offer for both of us.

thanks for any help

[rage2]

With so many ppl importing and flipping S2000's from the US nowadays for around $24,000cdn (2004 model), it's hard to make an offer for your friend that's fair. If you pay $30k for it, the car's just going to keep depreciating as more US cars flood the market. If you offer $24k to your friend, he'll be insulted. Other than warranty, there's really no difference between a US or Canadian car, and a 2004 model should pretty much be out of warranty.

PS - if you import it yourself, you can do it for around $22k shipped and imported.

[schocker]

With that mileage I would say around $30 like rage said as long as the condition is good, along with the color combination. I am looking to import an S2000 soon, so I guess i will have to also listen to the pricing given here.

[DepTrotter]

thanks for the info rage2 trust me - importing hasnt slipped my mind yet, but i would have to offer him a price based on the Canadian market rather than the american one because like you said he would be insulted if i offered him 23k while he probably owes more than that

I guess I'll check ebay and the autotrader in the northwestern area

thanks!

[rage2]

Yea, like I said, if he's a friend, don't even bother. You're not going to agree on a price that's fair to both parties. And the Canadian used car market is crashing hard, so by winter, that 23k will be really tempting for him haha.

[DepTrotter]

haha

thanks man

i was just looking online on ebay

as well as in the autotrader and based on budgeting 4500 for taxes and to import i am having a hard time finding something under 23k all in.

Very strange....

i expected to see some cheap ones on ebay but they either have over 100k or they are silver :p

i guess ill just have to sit on my hands and wait!

[BigMass]

Originally posted by rage2
With so many ppl importing and flipping S2000's from the US nowadays for around $24,000cdn (2004 model), it's hard to make an offer for your friend that's fair. If you pay $30k for it, the car's just going to keep depreciating as more US cars flood the market. If you offer $24k to your friend, he'll be insulted. Other than warranty, there's really no difference between a US or Canadian car, and a 2004 model should pretty much be out of warranty.

PS - if you import it yourself, you can do it for around $22k shipped and imported.

well that's not S2000 specific. That goes for pretty much any used car at this point in time.

[rage2]

ebay is overpriced. You'll find better deals thru autotrader, private sales where u can negotiate.

[rage2]

Originally posted by BigMass
well that's not S2000 specific. That goes for pretty much any used car at this point in time.
Not really, there's a lot of cars that are either inadmissable, or cost a lot to modify for importation (such as most Benz's). Some cars like the S2000 are just very easy to import.

[LUCKYSTRIKE]

Why do you believe an 04 S2000 with average KM's on it that is worth maybe low 30's now is going to be worth low 20's by winter. I don't see an over population of them, only 10 for sale in Alberta in the autotrader and a couple being brand new.


Why do you believe the Canadian used car market is "crashing hard".


*EDIT* There is actually more then 10, I guess I was searching just calgary.

[DepTrotter]

Probably because the value of the dollar being so strong and the influx of cheaper s2000s from the states?

[LUCKYSTRIKE]

Still doesn't change the fact that the majority of S2000's were still bought here and new ones were 52000 + tax.

So your saying that people who bought brand new ones lost serious dollars on their car because our dollar go stronger?

I seriously doubt your going to see a 10-15k price reduction on AP2's by winter.

[DepTrotter]

You probably wont be seeing 10-15k. DUH, that is a little drastic, but if you look in the trader right now there is an 04 s2k with 48k for $26,000.. You dont think that would be the norm (or even lower) during winter?

I know you are an S2000 driver, and you are just trying to protect your investment by convincing yourself otherwise....time to jump ship homie!

[LUCKYSTRIKE]

Originally posted by DepTrotter
You probably wont be seeing 10-15k. DUH, that is a little drastic, but if you look in the trader right now there is an 04 s2k with 48k for $26,000.. You dont think that would be the norm (or even lower) during winter?

I know you are an S2000 driver, and you are just trying to protect your investment by convincing yourself otherwise....time to jump ship homie!

Really an 04 with 50k on it and hes asking 26000? Thats a hell of a deal when the the average price is low 30,000s.

Mind linking me to it?

[DepTrotter]

no problem junior

the end is soon

http://www.canadatrader.com/result/detailinfo.aspx?ID=28288058&pgno=2&srt=1

2004 HONDA S2000 CONVERTIBLE, 6 sp, loaded, 49,000 kms, $25,900. Ph1st Choice Vehicle Sales @ (780) 909-9951. Edmonton, AB.

[arian_ma]

Originally posted by DepTrotter
...time to jump ship homie!

NEVER!
:rofl:

Rage, where do you look for your car deals? an 04 from the states shipped and registered here for 22k?!
I would understand if you said an AP1 02 for that much but holy hell, an 04 for 22k especially after all the upgrades the AP2 got...I'd say closer to 25k from the numbers I am seeing on s2ki.com

[LUCKYSTRIKE]

Originally posted by DepTrotter
no problem junior

the end is soon

http://www.canadatrader.com/result/detailinfo.aspx?ID=28288058&pgno=2&srt=1

2004 HONDA S2000 CONVERTIBLE, 6 sp, loaded, 49,000 kms, $25,900. Ph1st Choice Vehicle Sales @ (780) 909-9951. Edmonton, AB.

You might wanna be careful of that one. If it is indeed an AP2 then he has AP1 wheels, AP1 headlights and AP1 front bumper.

But yeah Im sure its a real AP2 :thumbsup:

[arian_ma]

Originally posted by DepTrotter
no problem junior

the end is soon

http://www.canadatrader.com/result/detailinfo.aspx?ID=28288058&pgno=2&srt=1

2004 HONDA S2000 CONVERTIBLE, 6 sp, loaded, 49,000 kms, $25,900. Ph1st Choice Vehicle Sales @ (780) 909-9951. Edmonton, AB.

That is not an 04 my friend. The NEWEST that can be is an 03, look at the rims, bumper headlights etc. that's an AP1.

EDIT: I got beat to it :eek:

[DepTrotter]

Originally posted by arian_ma


NEVER!
:rofl:

Rage, where do you look for your car deals? an 04 from the states shipped and registered here for 22k?!
I would understand if you said an AP1 02 for that much but holy hell, an 04 for 22k especially after all the upgrades the AP2 got...I'd say closer to 25k from the numbers I am seeing on s2ki.com

werd thats what i am seeing too, i saw one go on ebay with about 50k for $20,000 to a buyer in alberta. hes probably gonna be paying $4500-$5000 to bring it here though so all in for that amount.

Whats the difference between AP1 and AP2?

[spyce]

Originally posted by DepTrotter


werd thats what i am seeing too, i saw one go on ebay with about 50k for $20,000 to a buyer in alberta. hes probably gonna be paying $4500-$5000 to bring it here though so all in for that amount.

Whats the difference between AP1 and AP2?

Some cosmetic changes (headlights/bumpers). Up the displacement to 2.2L instead of 2.0. Redline dropped to around 8000 rpm I believe..

[DepTrotter]

Originally posted by LUCKYSTRIKE


You might wanna be careful of that one. If it is indeed an AP2 then he has AP1 wheels, AP1 headlights and AP1 front bumper.

But yeah Im sure its a real AP2 :thumbsup:



Originally posted by arian_ma


That is not an 04 my friend. The NEWEST that can be is an 03, look at the rims, bumper headlights etc. that's an AP1.

EDIT: I got beat to it :eek:


Good Eyes SNIPERS... i didnt notice it until you pointed it out

Thats my bad for sure....

[LUCKYSTRIKE]

Along with suspension upgrades making the car less twitchier, bigger wheels + rubber.

[arian_ma]

AP2 got new headlights
new front and rear bumpers
new tail lights
new seats (I don't know if this is 06+ or 04+ but they changed the leather of the seats)
VSG - Vehicle Stability something or another
8 speaker system as opposed to the 2/4 of the AP1
Glass rear - as opposed to the plastic of 00 and 01
new wheels - 17's as opposed to 16's
different tires
different gear ratios (i believe)
2.2L engine as opposed to the 2L of the AP1
8k Redline as opposed to 9k :thumbsdow
Small changes that I don't know about like how the throttle works.

I'll find you a comprehensive link, just a second.

EDIT: I couldn't find the link but if you search on www.s2ki.com you will find it forsure, here's another link on people's opinion on AP1 VS AP2 though:
http://www.s2ki.com/forums/index.php?showtopic=425402&st=0&#entry8677589

EDIT again: some more info from wiki:
"The 2004 model introduced newly designed 17" wheels and Bridgestone RE-050 tires along with a retuned suspension that reduced the car's tendency to oversteer. The spring rates and shock absorber damping were altered and the suspension geometry modified to improve stability by reducing toe-in changes under cornering loads. In addition, cosmetic changes were made to the exterior with new front and rear bumpers, revised headlight assemblies, new LED tail-lights, and oval-tipped exhausts. At the same time, Honda introduced a 2.2 L variant to the North American market. The revised car was given the chassis designation AP2.

The 2006 model introduced a drive by wire throttle, Vehicle Stability Assist system, new wheels, and one new exterior color, Laguna Blue Pearl. Interior changes included revised seats, additional stereo speakers integrated into the headrests, and additional headrest padding where previous seats had helmet depressions and screens. The 2.2 L engine was also introduced to the Japanese market during this time."

[4doorj]

last time i looked 04+ap2's were going for about 25-26k USD
so i think 30k is fair
02-03 were in about the 17-22kusd so around 25cad

thats when i was looking

[4doorj]

Originally posted by LUCKYSTRIKE
Why do you believe an 04 S2000 with average KM's on it that is worth maybe low 30's now is going to be worth low 20's by winter. I don't see an over population of them, only 10 for sale in Alberta in the autotrader and a couple being brand new.


Why do you believe the Canadian used car market is "crashing hard".


*EDIT* There is actually more then 10, I guess I was searching just calgary.
i dont think its crashing hard... i think it already did!
3 years ago when i bought my s2000 it cost alot!!! i overpaid personally there were only 2 for sale on the autotrader....
but now since there are soo many from the states it has brought the s2000 price down.. i remember the price of the s2000 stayed really high.. i think its fluxuating now.... i think if there were no US imported ones the prices would be a little higher.. ap2's would still be in the 40's

this is just my opinion though

[tawheed]

at the end of the day AP1>AP2 :)

[Speed_RaSiR]

Originally posted by DepTrotter
Hi Guys, i was looking at buying my friends 2004 Honda S2000, it has 50,000kms, exhaust, intake, and 18" Tenzo R Rims.

i have seen similar at dealerships for about $30,000 or even more. He wants me to make him an offer and i was just wondering what is fair to offer for both of us.

thanks for any help

You'd be lucky to find an 04 for 35k

[rage2]

Originally posted by LUCKYSTRIKE
Still doesn't change the fact that the majority of S2000's were still bought here and new ones were 52000 + tax.

So your saying that people who bought brand new ones lost serious dollars on their car because our dollar go stronger?
haha, nobody gives a shit what the original owner paid on a depreciating asset. It's what's available in the market, supply + demand that dictates prices for everyone.

It's like saying HD-DVD players were selling for $1000 around christmas. They've dropped to $300 now. Nobody cares that you bought a HD-DVD player at $1000, you will NOT get $300 for it haha.

[rage2]

Originally posted by arian_ma
Rage, where do you look for your car deals? an 04 from the states shipped and registered here for 22k?!
I just did a quick dealership search and found this in Georgia.

http://www.autotrader.com/dealers/dda/detail.jsp?result_car_id=219737415&dealership_view_name=hondamallofgeorgia&car_id=219737415&dealer_id=55955385

$17,000us, 19,241 miles on the clock. After cdn$ conversion (shitty rate at bank) + GST, works out to around $19,500cdn. That's for a dealership car. Search for a private car, you'll save a grand or 2, and easily be able to have it at your house for $22,000cdn all said and done. That's how ppl are able to import cars and sell them here for $26k and make a nice profit.

Read the carfax report on that car. New owner in 2004, low km, no problems. Even if you buy this car, you'll have it in Calgary for about $24k. Or fly down there and drive it back yourself, easily under $22k.

[boi-alien]

Originally posted by LUCKYSTRIKE
Still doesn't change the fact that the majority of S2000's were still bought here and new ones were 52000 + tax.

So your saying that people who bought brand new ones lost serious dollars on their car because our dollar go stronger?

I seriously doubt your going to see a 10-15k price reduction on AP2's by winter.

Yes that's exactly what rage2 is saying. By virtue of the fact that the Canadian dollar so strong, there's more incentive to purchase and import from the US. Since there are more S2000s being purchased in the US and then flipped here in Canada, there are going to be more S2000s on the market, thus saturating the market which in turn will drive prices down. It's simple economics.

[4doorj]

Originally posted by rage2

I just did a quick dealership search and found this in Georgia.

http://www.autotrader.com/dealers/dda/detail.jsp?result_car_id=219737415&dealership_view_name=hondamallofgeorgia&car_id=219737415&dealer_id=55955385

$17,000us, 19,241 miles on the clock. After cdn$ conversion (shitty rate at bank) + GST, works out to around $19,500cdn. That's for a dealership car. Search for a private car, you'll save a grand or 2, and easily be able to have it at your house for $22,000cdn all said and done. That's how ppl are able to import cars and sell them here for $26k and make a nice profit.
woah thats cheap!

[rage2]

Originally posted by 4doorj
woah thats cheap!
Ya, it's shocking to S2K owners cuz I mean you guys aren't actively seeking used S2000's. If you think you're in for a shock, wait till E46 M3 owners see how shitty their cars are worth at the end of the year! $90k new M3's are gonna be worth mid 30's by years end haha :rofl:.

I'm expecting to buy a 02-03 M3 SMG convertible for about 35-38k cdn.

[4doorj]

i bought mine from the states... i alooked autotrader and everywhere....
wow

[rc2002]

Originally posted by rage2

haha, nobody gives a shit what the original owner paid on a depreciating asset. It's what's available in the market, supply + demand that dictates prices for everyone.


Exactly. Not to mention the price of the cars in the US is much cheaper than up here in Canada. From the Honda USA and Honda Canada websites:

US MSRP = 34,250
CDN MSRP = 50,600

It's almost 2008 so the 04's are almost 4 years old. It's not hard to believe that they could sustain $4000 depreciation a year, especially for a motivated seller.

[katana9x4]

holy thats a huge difference!

what other cars are this easy to bring in for cheap?

[schocker]

350z, some STIs. Those are all I have been looking at along with the s2000s.

[4doorj]

Originally posted by katana9x4
holy thats a huge difference!

what other cars are this easy to bring in for cheap?
sti's

[LUCKYSTRIKE]

Originally posted by rage2

I just did a quick dealership search and found this in Georgia.

http://www.autotrader.com/dealers/dda/detail.jsp?result_car_id=219737415&dealership_view_name=hondamallofgeorgia&car_id=219737415&dealer_id=55955385

$17,000us, 19,241 miles on the clock. After cdn$ conversion (shitty rate at bank) + GST, works out to around $19,500cdn. That's for a dealership car. Search for a private car, you'll save a grand or 2, and easily be able to have it at your house for $22,000cdn all said and done. That's how ppl are able to import cars and sell them here for $26k and make a nice profit.

Read the carfax report on that car. New owner in 2004, low km, no problems. Even if you buy this car, you'll have it in Calgary for about $24k. Or fly down there and drive it back yourself, easily under $22k.

Wow that is very cheap and very low mileage, but its like the only car there that is selling at a serious discount. The rest are higher miles and in the 20's.

Are M3's easy to bring up? Any serious modifications to be made?

See lots of M3's on the autorader.com for sale but they are all high miles =\

[rage2]

Originally posted by LUCKYSTRIKE
Wow that is very cheap and very low mileage, but its like the only car there that is selling at a serious discount. The rest are higher miles and in the 20's.
Ya... keep telling yourself that... ;). Seriously though, the way to do it is to find private sellers, call them up and negotiate. That's how everyone gets the better deals. Just cuz they're listed at 20k doesn't mean you need to pay 20k for the car.


Originally posted by LUCKYSTRIKE
Are M3's easy to bring up? Any serious modifications to be made?

See lots of M3's on the autorader.com for sale but they are all high miles =\
Most BMW's are pretty easy to bring up. It's Mercedes-Benz that's a bitch to import.

[redline]

Originally posted by rage2

Ya, it's shocking to S2K owners cuz I mean you guys aren't actively seeking used S2000's. If you think you're in for a shock, wait till E46 M3 owners see how shitty their cars are worth at the end of the year! $90k new M3's are gonna be worth mid 30's by years end haha :rofl:.

I'm expecting to buy a 02-03 M3 SMG convertible for about 35-38k cdn.

at that price i might buy one maybe we should start a group buy :rofl:

[forced_eg]

importing is definately worth it, i found an 01, kitted, painted, 18"bbs rims, j's racing hood, nitrous, and a few bolt ons, shipped over here for 20000, km's are a little on the high side yet thats what i wanted since i plan to fully build the motor from the ground up, if you want to go that route then pm me and ill get you the number of the dude who imported it for me