S2K prices doing well - or crazy main dealer?

[Lione1 Richie]

Hey all,

I was in looking at a Honda S2K at the weekend (04) plate in a Main Dealer. It was on at £13.995 With 48K miles, which to be fair i thought was above book in any case.

After the test drive we got down to figures, for a cash sale all he would knock off the sticker price was £600 (making the car £13,350)

Now i foolishly thought that they may be a little bit more flexible when trying to shift a 2 seat convertible in the middle of winter (bearing in mind i would still have to get road tax as well!)

Are the S2000's just not loosing money like everything else at the minute or is the dealer off his chump?

Thanks for any info

[snorkel sucker]

Lione1 Richie said:

Hey all,

I was in looking at a Honda S2K at the weekend (04) plate in a Main Dealer. It was on at £13.995 With 48K miles, which to be fair i thought was above book in any case.

After the test drive we got down to figures, for a cash sale all he would knock off the sticker price was £600 (making the car £13,350)

Now i foolishly thought that they may be a little bit more flexible when trying to shift a 2 seat convertible in the middle of winter (bearing in mind i would still have to get road tax as well!)

Are the S2000's just not loosing money like everything else at the minute or is the dealer off his chump?

Thanks for any info

way overpriced and very optimistic dealer IMO. you only have to look at the classifieds on here to see what one can be picked up for!

[Lione1 Richie]

Thought that would most likely be the case, especially when he said he would only take £600 off for a cash deal!!!

Edited by Lione1 Richie on Monday 9th February 12:53

[twcullen]

Lione1 Richie said:

Hey all,

I was in looking at a Honda S2K at the weekend (04) plate in a Main Dealer. It was on at £13.995 With 48K miles, which to be fair i thought was above book in any case.

After the test drive we got down to figures, for a cash sale all he would knock off the sticker price was £600 (making the car £13,350)

Now i foolishly thought that they may be a little bit more flexible when trying to shift a 2 seat convertible in the middle of winter (bearing in mind i would still have to get road tax as well!)

Are the S2000's just not loosing money like everything else at the minute or is the dealer off his chump?

Thanks for any info

You could have mine (same year, same mileage) for 3 grand less than that!

[senninha1994]

Autoquake have a 1 year old S2k for £15107.
http://www.autoquake.com/vehicle/inspid=9393

Depends if you like the colour and have the budget.

[dino ferrana]

Why do people think that cash will get them the best deal? Cash is a pain to proper dealers because it comes attached with money laundering implications and security problems.

Buying it on finance will get you a better deal, afterall they get bonuses based on it. What is the alternative to a cash deal anyway?

[Lione1 Richie]

I suppose (naively) i thought they would prefer a cash deal rather than a P/X where they would have to deal with shifting the car i off load to them.

But i take your point, finance deals for them are in most cases what they desire.

I just thought they may be a a little more eager to shift a car on at a cash price than sell one car just to take on another (and all the associated costs which that may entail).

Thanks for the feedback

[havoc]

Dealers like 'Finance' because they get bonuses...sadly you end up paying for the bonuses as the APR is usually unfavourable...I got quoted "4% flat" and when I checked the sums the APR was over 8%...cheeky little f'ckers would've cost me about £900 on a £15k car!!!

And 'cash' usually means payment by debit-card, which means no money-laundering to worry about, but no bonuses either...


Oh...and that dealer was truly optimistic. I wouldn't be paying more than £11.5-12k for that, even from a main dealer.

[Lione1 Richie]

Thanks for the replies.

Being as it was the first one i had seen and hadn't really researched the prices all that well (i was just wanting to get behind the wheel to see how they went and handled) i dropped into the local dealer for a test drive.

Colour and spec were nice but the price did seem overly optimistic

To be fair to them they did offer me a decent PX value on my current car, but not enough to even think about closing the gap between what they wanted on the S2K.

[fido]

What are you p/x'ing? Obviously the dealer can't take a hit on both sides of the deal.

[Lione1 Richie]

I was going to be P/X my RX8 - have decide on balance just to keep it (does nothing wrong and is a great car).

Might look to pick up a cheap Elise S1 to go with it instead of using the money and P/Xing to change up to something more expensive

[fido]

Or sell privately for the same price as the dealer will offer you [well you can't do much worse?] and offer 12k or less for the S2000?

[NORTS]

Private S2K's are a lot cheaper than dealer cars at the mo. Huge amounts different. Hopefully as the S2K has ceased production our prices will stop falling so fast........HOPEFULLY!

[texasjohn]

I've just sold my S2000 today for 8850 (was up for 9). I negotiated hard because I didn't need to sell but fancied a change.

2002 02, nurby blue, non GT with 40k on it. Pic in my profile and the ad is on PH (not allowed to link it but you'll find it in the classifieds if you search keyword 'honda warranty'

Sad to see it go but PH classifieds is going to get a good old browse today!

O/T but...Are DC5's any good?

dino ferrana said:

Why do people think that cash will get them the best deal? Cash is a pain to proper dealers because it comes attached with money laundering implications and security problems.

Buying it on finance will get you a better deal, afterall they get bonuses based on it. What is the alternative to a cash deal anyway?

Agree, same for private sales as they generally take place at the weekend and you don't want thousands in cash in your house til the Monday. My buyer is with the same bank as me thus we did an internet transfer. Monies appear a few moments later and confirmed with a call to the banking centre.


ETA: I do like that Autoquake car, my favourite colour Hmm...Do I really want a third NBR blue S2000 though? I've owned two already!

Edited by texasjohn on Saturday 14th February 13:06

[havoc]

Nice one John...not a bad price either.

DC5...yes, they're very good...on smooth tarmac. Feel optimised (unsurprisingly) for Jap roads - very stiff suspension...but on good tarmac they feel like they've even more grip than the S2000 and are so direct. If you need the boot space and 'occasional' rear seats, it's a fair alternative to the S2000, but IMHO the rwd makes the S more entertaining and the slightly better ride makes it more usable for a B-road blat (can get after-market suspension for Dc5 though).

I'd be tempted to look at either:-
- mint DC2...still love mine, and while on the right road the S2000 delivers some beautiful rear-drive thrills, the DC2 feels more of an occasion more of the time, but does feel harder work to get the power out than the S2000. Sublime feedback and perfectly at home on a B-road and on-track. £6-7k tops, which may leave you funds for something else alongside...
- FD2 (if in reach financially) - not sure on the looks but they seem to be rated very highly. Given they'll be JDM-optimised also I do wonder whether they're worth the premium over the DC5 though, given it's essentially the same engine, diff and 'box.

Or just say 'sod it' and get a nice TME, P1 or 22B...

[texasjohn]

Cheers havoc.

Budget isn't a problem within reason, I have been browsing early Z4M's as an example of the 'top end' of what I want to go to.

I drove a H reg Acura Integra RS back along while at Uni, many moons ago, 1.8 130hp maybe? It was a little 'powerbandy' IYKWIM, but I have never driven an Integra R (DC2 or DC5), I have however driven the Acura RSX Type S. It wasn't the best and I had driven a mates then-new CTR just before moving to the USA. It didn't feel anywhere near as quick or fun as the Civic and while I think they have the same engine I can assure you the US 200hp RSX-S is nothing like our UK 197hp Civic motor.

Mate at work has a 55 CTR company car, we have agreed to swap for a few days (he wants to experience my 118d MPG as he commutes from Evesham, and I only live a few miles from work) so I will have a blat in that next week.

I don't need space, and MPG/insurance is no big deal. This next purchase will be a second car as the S2000 was. I only did 3000 miles in the year I've owned the S.

Sorry I've hijacked your thread Lionel...

ETA O/T icon!

Edited by texasjohn on Saturday 14th February 13:39

[stigmundfreud]

Lione1 Richie said:

Hey all,

I was in looking at a Honda S2K at the weekend (04) plate in a Main Dealer. It was on at £13.995 With 48K miles, which to be fair i thought was above book in any case.

After the test drive we got down to figures, for a cash sale all he would knock off the sticker price was £600 (making the car £13,350)

Now i foolishly thought that they may be a little bit more flexible when trying to shift a 2 seat convertible in the middle of winter (bearing in mind i would still have to get road tax as well!)

Are the S2000's just not loosing money like everything else at the minute or is the dealer off his chump?

Thanks for any info

just paid 9500 for an 02 on 28,000 miles from a dealer. Bit more than private but excellent car/condition

[texasjohn]

Sounds like a fair price if you've got 3 or 6 months warranty with that.

Hope you enjoy the car, they are so good I have had two!

[stigmundfreud]

6 months, just hope that covers potentially seized bushes!!

[texasjohn]

Due to the mileage it may well have been used as a second car by previous owner(s) and never seen rain or winter roads...as such I would worry less about bushes. IKWYM however. If you have some ramps, a steep driveway or raised kerb you might be able to get under and have a quick poke about and inspect but I wouldn't know at what or where I was looking, personally