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Price opinion from advertisements and recorded sales. Not an inspection or a certified valuation.
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Reference photograph of a Honda S2000 AP1
Valuation · Honda · AP1 · 1999-2003

Honda S2000 AP1

2.0L NA inline four (F20C) · 177 kW / 208 Nm · 6sp manual · RWD
BUYRated within the $30k to $100k band · 12 of 94 at this money
Model value
$38,000
Must gain each year to break even
+10.3%
The projection does not clear it, and nor does most of the library.
CarQuant score
60/100
Scored against the $30k to $100k band, not the whole library
Evidence grade
Measured
Four or more recorded Australian sales
$38,000
$40,413 lowhigh $53,813
Calibrated to recorded sales
Nine Australian sales 2021-2026, $29,751 to $62,751, and two no-sales above 200,000km. The deepest Australian record for any Honda in this library

Looking at an S2000 for sale?

Put in the asking price and the odometer reading. You will see what this model should make at that reading.

Should make, typical example
$38,000
At about 140,000 km. Enter an asking price to compare.

Odometer only. Colour, options, history, condition and the photographs move it further, and that is what the report reads.

A person reads the advertisement and its photographs. Usually back within 48 hours. Read a real listing report

Price history

Today $38,000 · modelled median at five years $46,510
Solid line: the value this library has carriedDashed from 2026: modelled · even money $43,303 to $50,351
The green band is the even-money range and the one to plan on: half of outcomes land inside it. The pale band behind it bounds eight in ten ($40,413 to $53,813). The path is this model's own: it starts along the momentum of its recorded history and bends toward its projected median as the horizon lengthens, so no two cars share a future curve.

The verdict

Strong within its price band. Scores 60/100, ranking 12 of 94 in the $30k to $100k band. Demand durability is the strongest input, risk resilience the weakest.
Running it costs about $4,180 a year (11.0% of value), which is what the economics score measures. All in, including the projected value change, it is $2,972 a year.
The model's five year median is $46,510, a +22.4% move, with the tenth percentile at $40,413.
Value calibrated to recorded sales.
Evidence
Measured10 recorded sales
Off its peak
-5%
Value band
moderate
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
Scored against every recent Australian sale this library holds, half its values land within 11.2 per cent of the price paid and the rest miss by more, in either direction. Projections are therefore damped toward flat in proportion to how little is known, and the plausible band is never narrower than the error the model is known to make.
Short term (1-5 years)$2,972 a year all in, +22.4% median value move
Long term (10-15 years)Scarcity case already formed
Negotiate from$38,000

Recorded sales

Every recorded observation, and when
13 rows on record
$86k$50k$14k
202220232024202520262027
the value this record published, year by yearnow $38kwhat the model expects across 17k–256k kmsoldcontext, excluded2 rows are undated and are not plotted
Every row, with its price and note (13) ↓
Library value against the sold record
10 sales · median $36,300
Value $38,000
$24,000$62,751
Sep 2026Collecting Cars$24,000Sold
SOLD AT NO RESERVE, PLATFORM-VERIFIED. 2 Sep 2026, Jimboomba QLD, 255,519km indicated and believed genuine by the seller. 2000 build complied January 2001, AUSTRALIAN-DELIVERED, Yellow over black - reportedly one of about 4,000 yellow cars. Aftermarket suspension and a later AP2 soft top fitted; two keys; last serviced May 2026 at 245,000km with documentation. THE FIRST AUSTRALIAN PUBLIC SALE OF AN S2000 ABOVE 200,000 KILOMETRES ON THIS RECORD, and the row that measures the tail of the distance curve rather than inferring it from Britain and America. At 1.8 times the distance this record expects it made 63 per cent of the library value, a tail discount of about thirty-seven per cent where matched foreign pairs implied forty to fifty. Two Australian cars above 240,000km had failed to sell in the preceding two years; this one cleared because it was offered at no reserve
2026Collecting Cars$47,750Sold
SOLD. 12 Mar 2026, Mount Warrigal NSW, 143,000km. 2.4L turbo conversion. Almost certainly the same car as the June 2026 Toowoomba result at identical distance - a flip, not a second data point
Jun 2026Collecting Cars$50,000Sold
SOLD. 17 Jun 2026, Perth WA, 62,700km. 2003 AP1, Monte Carlo Blue over tan, factory Aero package, wholly standard, platform-verified. The strongest recent result and the only verified lot in the set
Jun 2026Collecting Cars$48,000Context, excluded
NOT THIS SPECIFICATION, READ WITH CARE, CONTEXT ONLY. 2000 AP1 with a forged 2.4-litre stroker engine, BorgWarner turbocharger, Samsonas gearbox and a Nissan differential conversion, 143,000km. The same car made $47,750 three months earlier at another sale; one competition build counted twice is what makes the published averages for this model read high
Mar 2026Collecting CarsNo saleNot a sale
NOT A SALE. 2002 AP1, 241,302km, resprayed from Silverstone to charcoal, Garrett turbocharger conversion. Did not sell
Dec 2025Collecting Cars$38,000Sold
SOLD. 23 Dec 2025, Picnic Point NSW, 118,642km. 2001 AP1, Silverstone, unmodified, Australian-delivered. The cleanest recent comparable in this record
Sep 2025Collecting Cars$29,751Sold
SOLD. 1 Sep 2025, Springvale VIC, 135,546km. 1999 AP1, white, highly original, but a Japan-delivered import sold unregistered and without a roadworthy certificate. The low of the run and the reasons are on the ticket
Apr 2025Collecting Cars$31,750Sold
SOLD. 17 Apr 2025, Lalor VIC, 107,241km. 1999 AP1, Silverstone, Australian-delivered, aftermarket suspension and a strut brace, with a rear driveshaft disclosed as needing replacement
Mar 2025Grays$33,300Sold
1999 AP1, black over red, 130,513km, standard, Victorian registration
Jun 2024Grays$35,600Sold
2000 AP1, grey over red, 165,562km, standard, Australian-delivered on Victorian registration
Apr 2024GraysNo saleNot a sale
NOT A SALE. 2000 AP1, black, 277,001km, replaced instrument cluster showing a different reading, no service history, unregistered and without plates. Reserve not met after 101 bids, and the bid level was not published
Aug 2022Collecting Cars$62,751Sold
SOLD. 29 Aug 2022, Epping VIC, 17,178km. 1999 AP1, Formula Red, wholly original and still on its original tyres, Australian-delivered. The strongest Australian AP1 result on record, and the lowest-distance car in it
Aug 2021Collecting Cars$37,000Sold
1999 AP1, 146,711km
10 completed Australian sales of 13 rows. Rows marked asking, no sale, or context are shown for honesty but do not count toward the evidence grade: an ask is not a transaction, a pass-in is a refusal, and a provenance or overseas result does not price the ordinary local car. The badge on every row is computed by the same rule as the grade, so the two cannot drift apart.

Published calls on this car

1 prediction on this model is live and unresolved, published before the hammer and graded against it afterwards, alongside 1 that has already been settled.

Open2026-09-29
Awaiting the hammer.
Called
$43,000
Wrong2026-08-25
Sold $24,000 at Jimboomba, Queensland, verified, at no reserve. The call was 17.5 per cent low, beyond the ten per cent a line ball allows.
Called
$19,800
made $24,000 (+17.5%)

Score breakdown

Against the $30k to $100k band median
94 cars in band · ink tick marks the median
Ownership economics30% of total
54/100-1
Scarcity25% of total
64/100+11
Demand durability20% of total
74/100+8
Liquidity15% of total
64/100+12
Risk resilience10% of total
38/100+2
Sub-scores run 0-100 before weighting; the weighted total is 60/100. Medians are computed live from the 94 cars currently in the $30k to $100k band, so this picture moves when the library does.
The working behind each factor: baseline and drivers ↓
Ownership economics30% weight
54/100
Baseline80 pts
− 11.0% of value a year to run-26 pts
Sub-score (baseline plus drivers, clamped 0-100)54 pts
Scarcity25% weight
64/100
Baseline42 pts
+ Roughly 1,450 delivered new to Australia, on an estimate rather than a count+14 pts
+ Effectively out of stock nationally: two road-registered S2000s of any kind advertised in the country+8 pts
Sub-score (baseline plus drivers, clamped 0-100)64 pts
Demand durability20% weight
74/100
Baseline58 pts
+ A 9,000rpm naturally aspirated roadster with no modern equivalent+20 pts
+ Australian prices are strikingly insensitive to kilometres between 100,000 and 170,000+4 pts
− The 2004 facelift outsells it here on like-for-like kilometres, and the engine argument that favours the AP1 abroad does not exist in this market-8 pts
Sub-score (baseline plus drivers, clamped 0-100)74 pts
Liquidity15% weight
64/100
Baseline40 pts
+ Nine Australian sales in five years, the deepest local record for any Honda in this library+16 pts
+ 40 days on market+8 pts
Sub-score (baseline plus drivers, clamped 0-100)64 pts
Risk resilience10% weight
38/100
Baseline58 pts
− Valve retainers crack after an over-rev, and that is the failure that ends the engine-8 pts
− Differential pinion wear and second and third synchro wear on high-kilometre cars-6 pts
− Oil consumption of up to a litre per 1,000km is normal, and running low at 9,000rpm is not survivable-6 pts
Sub-score (baseline plus drivers, clamped 0-100)38 pts
Model output, not advice or a valuation. Verify independently before acting.

What it costs to own · about 5,600 km a year

Annual cost of access, excl. fuel
$4,180a year
Share of value per year
11.0%
Scheduled servicing$78019%
Tyres, annualised$70017%
Registration and CTP$80019%
Insurance$1,15028%
Sinking fund (failure table)$75018%
All-in annualised (a different number)
Purchase (model value plus duty)$39,520
Running costs × 5 years$20,900
Median exit, net of selling cost$45,560
All-in annualised over 5 years$2,972/yr
Share of value per year7.8%
Cost of access is what the car costs to run. All-in annualised adds depreciation, duty and selling costs across a five year hold. They answer different questions and are labelled separately for that reason.
Break-even appreciation, 5 year hold
10.3%a year, only to get the money back
This library projects
+4.1%a year
The projection falls 6.2 points a year short of the hurdle. On these assumptions this car is a cost, not an asset, which can be an entirely rational thing to buy but should be bought knowing it.
Purchase$38,000
Stamp duty$1,520
Running costs x 5 years$20,900
Selling cost at exit, 2.5% of the salescales with price
Sale price needed at +5 years$61,969
Storage
Bought at
No forecast is used to compute the hurdle. It is the purchase, the duty, any premium and 5 years of running cost, grossed up for the cost of selling and spread back over the hold. The projection it is measured against is the weakest number in this product and is drawn that way in the chart above. Transport, finance and any restoration spend sit outside it.

Specification

Engine2.0L NA inline four (F20C)
Power / torque177 kW / 208 Nm
0-100 km/h6.2 s
Transmission6sp manual
DriveRWD
Kerb weight1,250 kg
Built worldwide62,000
Delivered to Australia1,450
Effective AU survivors900
Australian sales / year13
Typical days on market40 days
Launch price$69,950

What moves the price on this model

Colour hierarchy
Formula Red+3%
Grand Prix White+3%
Berlina Black+1%
Silverstone0%
Yellow0%
Options
Genuine Honda hardtop+6%
Unmodified F20C with factory airbox+8%
Later AP2 soft top fitted+3%
Full stamped service documentation+6%
Odometer sensitivity±5.7% per 10,000 km vs 140,000 km
Applied on top of these

Condition, history, originality, ownership, delivery and modification multipliers apply to every car in the library. They are applied automatically when an advertisement is analysed, and the schedule is set out once, on the analyser page.

Projected value in five years

Projected value at five years
$46,510
+22.4% on today
The model's figure. Today it is $38,000.
Even odds it lands between $43,303 and $50,351.
$40,413 lowhigh $53,813
The shaded range is even money and 16% wide; the outer figures bound eight outcomes in ten. Band width follows the evidence - a model with a tight measured record carries a tight band.
A stronger five year outlook than 89% of the library.
-26.6% weakest projected move in the librarystrongest +73.1%
Five-year cost of ownership
Value change alone: +$8,510 across five years.
Running costs over the same period: $20,900.
Duty and expected selling costs: $2,470.
Net cost of five years of ownership: $14,860, or $2,972 a year.
The projected value rise offsets part of the running cost. It does not make the car free to own.

The case for and against

The case for

Nine Australian results in five years make this one of the best-evidenced cars in the library, and they show a market that barely charges for kilometres between 100,000 and 170,000 - which on a car with roughly 1,450 local deliveries and two examples advertised nationally is what scarcity looks like from the inside. A 9,000rpm naturally aspirated roadster with no modern equivalent, at a little over half its launch price after twenty-five years.

The case against

The 2004 facelift beats it in this market on like-for-like kilometres, and the engine argument that makes the AP1 the dearer car in America does not exist here, because Australia only ever got the F20C. No Australian S2000 above 200,000 kilometres has ever sold at public auction and two have failed trying. The valvetrain punishes one over-rev with an engine, oil consumption is high enough that neglect is fatal rather than expensive, and the differential and gearbox are both wear items on a car whose whole appeal is being revved to nine.

Known faults and risks

Risk 1No Australian sale above 200,000km has ever completed
Risk 2Valve retainer failure after an over-rev ends the engine
Risk 3Differential pinion and synchro wear on high-kilometre cars
Risk 4The facelift car outsells it here, which caps the ceiling
Valve retainer upgrade kit$400
Soft top replacement, fitted$3,300
Differential rebuild$3,200
Clutch replacement$2,000

Similar cars, and what they cost to run

Evidence behind this valueMeasured · 10 recorded sales
Carried value
$38,000
Historical price
2016 · $24,0002026 · $38,000
Measured
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
Six stock Australian results now fit a curve, and it is the steepest in this library

$62,751 at 17,178km, $50,000 at 62,700km, $31,750 at 107,241km, $38,000 at 118,642km, $29,751 at 135,546km and $37,000 at 146,711km correlate with distance at MINUS 0.920 - the tightest fit measured anywhere here - and imply 5.66 per cent per 10,000 kilometres. This record assumed 1.4.

Read the rest of the evidence notes (13 more)
The top of the market is not where the money is

The two highest results are the two lowest-distance cars, and beyond about 140,000 kilometres the fitted line falls away faster than any other model in this library.

Two turbocharged cars are excluded and they are probably one car

A 2.4-litre turbo AP1 at exactly 143,000km made $47,750 at Mount Warrigal, New South Wales in March 2026, and a 2.4-litre turbo AP1 at exactly 143,000km made $48,000 at Toowoomba, Queensland three months later. Identical distance, identical description, two states. That is a car bought and flipped, not two data points, and at roughly $17,000 above the stock curve at the same distance it would have distorted every figure here.

The clearance picture is bad and it is the most important thing on this record

Three Australian no-sales sit in the same window: 79,395km at Morley in February 2026, 143,057km at Springvale in March 2026, and - the one that matters - a TURBOCHARGED car at 241,302 kilometres that failed at Carnes Hill in March 2026. That is the nearest comparable in existence to a very high-distance AP1 and it found no buyer at all. SOURCING: aggregator-surfaced results, unconfirmed against the auction house, the weakest evidence grade here.

Why this is separate from the facelift car, and it is not the engine

Everywhere else in the world the AP1 and AP2 are told apart by displacement. In Australia they cannot be: this country only ever received the 2.0-litre F20C, in both bodies. What separates them here is the 2004 revision - reworked rear suspension geometry, larger brakes, seventeen-inch wheels, drive-by-wire, and a fabric roof with a heated glass rear window in place of the plastic one that yellows and cracks. Every one of those favours the later car, with no engine offset to trade back.

And the Australian market prices it that way, which inverts the American order

In the United States the AP1 is generally the dearer car, because there the F20C is the rarer, higher-revving engine. That argument does not exist here. The best local pair available is two Australian-delivered unmodified cars sold three months apart: a 1999 AP1 at 17,178 kilometres made $62,751 in August 2022, and a 2007 facelift at 38,832 kilometres - more than twice the distance - made $65,000 in November 2022. The later car made more money on worse kilometres. A 2006 at 28,387 kilometres then made $75,000 in February 2025, against a best-ever AP1 result of $62,751.

Ten Australian sales, and the curve is almost flat in the middle

Between roughly 100,000 and 170,000 kilometres the results cluster tightly: $38,000 at 118,642, $35,600 at 165,562, $33,300 at 130,513, $31,750 at 107,241. The higher-kilometre car sold for more than the lower one in two of those pairs. With something like 1,450 cars ever landed here, supply scarcity flattens the odometer curve to the point where condition, registration status and Australian delivery matter more than the reading.

The flatness stops somewhere, and it stops before 200,000

Two Australian cars above that mark have been offered and neither sold: 277,001 kilometres at Grays in April 2024, withdrawn after 101 bids, and 241,302 kilometres at Collecting Cars in March 2026. Both had other problems - a replaced instrument cluster and no history on one, a turbo conversion and a colour change on the other - so neither is clean evidence, and neither platform published the bid level.

That sentence is now out of date, and the row that dated it is the most valuable one here

On 2 September 2026 a 255,519-kilometre Australian-delivered AP1 sold at no reserve at Jimboomba, Queensland for $24,000 - the first Australian public sale of an S2000 above 200,000 kilometres on this record, and the row that MEASURES the tail rather than inferring it from overseas.

The tail is shallower than the foreign pairs said

Matched British and American pairs implied a discount of forty to fifty per cent at a quarter of a million kilometres; this car made sixty-three per cent of the library value, a discount of about thirty-seven. The published call on this lot leaned on those foreign pairs, called $19,800 and was seventeen and a half per cent low - the widest miss in the call log, and it is recorded there rather than quietly corrected here.

What the two earlier no-sales actually measured was reserve, not demand

277,001 kilometres at Grays in April 2024 and 241,302 at Collecting Cars in March 2026 both carried reserves and other problems. This lot carried neither a reserve nor a documented fault, and it cleared. Above 200,000 kilometres this model now reads as a car that sells at no reserve and stalls behind one.

Two published averages for this model are wrong,

And it is worth knowing why. A 2000 AP1 at 143,000 kilometres appears twice in the aggregators, at $47,750 in March 2026 and $48,000 in June 2026. It is one car sold twice - a forged 2.4-litre stroker with a BorgWarner turbocharger, a Samsonas gearbox and a Nissan differential conversion - and counting a competition build twice is what produces the double-digit growth figures published for this model. It is listed below so it can be seen and set aside.

The Yellow claim does not survive checking

Listings for yellow cars repeat a figure of about 4,000 built. That number describes Spa Yellow Pearl, which was an American and European colour that Australia never received; the Australian car is Indy Yellow Pearl, the local name for Rio Yellow Pearl, and the same dataset puts that at roughly 2,700. Both counts come from a source whose total matches United States production alone, so neither is a global figure. And yellow was not rare when new: it was better than a fifth of one model year’s American production. No colour premium is scored here, in either direction, because no Australian sale of a yellow car exists to measure one.

International context

The American AP1 benchmark is about US$29,515 with 2026 results from US$20,250 at 110,000 miles to US$49,800 at 5,000; British asking prices run from GBP11,795 at 106,000 miles to GBP18,995 at 35,650. Converted at mid-kilometre, Australia, America and Britain sit within about ten per cent of each other, which is unusual and is why the overseas high-kilometre discounts are usable here. Australia diverges at the top, where the market is thinner.

This page prices the model.
The report prices the car in the advertisement.

Send the link. A person reads the advertisement and its photographs and sends back what that Honda S2000 AP1 is worth, what to offer and when to walk away, with five years of costs at the distance you drive.

Read a real listing report

Backed by 10 recorded Australian sales of this model. Read a complete one on a real car first. Seventeen sections, no account, nothing to pay.

This model, today$38,000
Half of sales are further out than$4,248
The report$249
17×
the price of the report: what half of real sales of this model sit further from this page's number than, on this car
Watch this model
Told when the next one is called.

One line of email when this desk publishes a call on a Honda S2000 AP1, or records a new Australian sale of one. Nothing else, no schedule, and on a quiet model you may hear nothing for months, which is itself worth knowing about a car you are chasing.

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S2000 for sale?Priced by a person, $249