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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 Facelift
Valuation · Honda · AP2 body, F20C engine · 2004-09

Honda S2000 Facelift

2.0L NA inline four (F20C) · 177 kW / 208 Nm · 6sp manual · RWD
BUYRated within the $30k to $100k band · 1 of 94 at this money
Model value
$64,000
Must gain each year to break even
+6.8%
The projection does not clear it, and nor does most of the library.
CarQuant score
65/100
Scored against the $30k to $100k band, not the whole library
Evidence grade
Thin
One to three recorded Australian sales
$64,000
$59,432 lowhigh $100,201
Calibrated to a thin record
Three Australian results - $65,000, $73,500 and $75,000 - but only two cars: one of them sold twice

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
$64,000
At about 110,000 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 $64,000 · modelled median at five years $77,676
Solid line: the value this library has carriedDashed from 2026: modelled · even money $68,080 to $89,524
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 ($59,432 to $100,201). 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 65/100, ranking 1 of 94 in the $30k to $100k band. Demand durability is the strongest input, liquidity the weakest.
Running it costs about $4,180 a year (6.5% of value), which is what the economics score measures. All in, including the projected value change, it is $2,187 a year.
The model's five year median is $77,676, a +21.4% move, with the tenth percentile at $59,432.
Value calibrated to a thin record. Treat the level as provisional.
Evidence
Thin3 recorded sales
Off its peak
-2%
Value band
wide
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)$2,187 a year all in, +21.4% median value move
Long term (10-15 years)Scarcity case already formed
Negotiate from$64,000

Recorded sales

Every recorded observation, and when
3 rows on record
$90k$72k$53k
2023202420252026
the value this record published, year by yearnow $64kwhat the model expects across 28k–39k kmsold
Every row, with its price and note (3) ↓
Library value against the sold record
3 sales · median $73,500
Value $64,000
$65,000$75,000
The library value sits below the lowest recorded sale; the evidence note above explains why.
Feb 2025Collecting Cars$75,000Sold
SOLD. 6 Feb 2025, Sydney NSW, 28,387km from new. 2006 Australian-market, second owner of two, black over black leather with perforated inserts, xenons, 17-inch ten-spokes on Bridgestone Potenzas. Pre-purchase inspection report and dealership purchase receipts included, partially stamped book, minor service and full check at 28,282km in December 2024. The lowest distance in the set and the top of it
Dec 2023Collecting Cars$73,500Sold
SOLD. 5 Dec 2023, Wilton NSW, 38,911km. SAME CAR AS THE NOVEMBER 2022 ROUSE HILL RESULT - seventy-nine kilometres later and 13.1 per cent more money. Five dated entries from 7km in January 2007 to 37,483km in December 2020, the last a gearbox and differential oil change at Nakama Workshop
Nov 2022Collecting Cars$65,000Sold
SOLD. 23 Nov 2022, Rouse Hill NSW, 38,832km. Australian-market, two owners from new, unmodified, Berlina Black over black leather, 17-inch twin five-spokes on Falken Azenis. Rear bumper repainted after minor damage. SAME CAR AS THE DECEMBER 2023 WILTON RESULT - same repaint, same wheels and tyres, same jack, tools, space-saver, black fabric wallet and two main keys plus one valet key. Within 80km of the 2023 car and 13 per cent cheaper thirteen months earlier
3 completed Australian sales of 3 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.

Score breakdown

Against the $30k to $100k band median
94 cars in band · ink tick marks the median
Ownership economics30% of total
64/100+9
Scarcity25% of total
63/100+10
Demand durability20% of total
78/100+12
Liquidity15% of total
52/100even
Risk resilience10% of total
68/100+32
Sub-scores run 0-100 before weighting; the weighted total is 65/100. 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
64/100
Baseline80 pts
− 6.5% of value a year to run-16 pts
Sub-score (baseline plus drivers, clamped 0-100)64 pts
Scarcity25% weight
63/100
Baseline45 pts
+ 194 registered in Australia, thinning as owners hold on+18 pts
Sub-score (baseline plus drivers, clamped 0-100)63 pts
Demand durability20% weight
78/100
Baseline58 pts
+ Regarded as one of the great naturally aspirated roadsters+20 pts
Sub-score (baseline plus drivers, clamped 0-100)78 pts
Liquidity15% weight
52/100
Baseline38 pts
+ Solid enthusiast demand, 34 days on market+14 pts
Sub-score (baseline plus drivers, clamped 0-100)52 pts
Risk resilience10% weight
68/100
Baseline60 pts
+ The F20C is well proven, but a 9,000rpm engine demands proper maintenance+8 pts
Sub-score (baseline plus drivers, clamped 0-100)68 pts
Model output, not advice or a valuation. Verify independently before acting.

What it costs to own · about 5,641 km a year

Annual cost of access, excl. fuel
$4,180a year
Share of value per year
6.5%
Scheduled servicing$78019%
Tyres, annualised$70017%
Registration and CTP$80019%
Insurance$1,25030%
Sinking fund (failure table)$65016%
All-in annualised (a different number)
Purchase (model value plus duty)$66,560
Running costs × 5 years$20,900
Median exit, net of selling cost$76,526
All-in annualised over 5 years$2,187/yr
Share of value per year3.4%
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
6.8%a year, only to get the money back
This library projects
+3.9%a year
The projection falls 2.9 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$64,000
Stamp duty$2,560
Running costs x 5 years$20,900
Selling cost at exit, 1.8% of the salescales with price
Sale price needed at +5 years$89,060
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 weight1,260 kg
Built worldwide40,000
Delivered to Australia350
Effective AU survivors194
Australian sales / year130
Typical days on market34 days
Launch price$74,000

What moves the price on this model

Colour hierarchy
Grand Prix White+4%
New Imola Orange+5%
Silverstone Metallic0%
Options
Genuine Honda hardtop+6%
Unmodified F20C with factory airbox+8%
Heated glass rear window in the factory roof+3%
Odometer sensitivity±1.9% per 10,000 km vs 110,000 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
$77,676
+21.4% on today
The model's figure. Today it is $64,000.
Even odds it lands between $68,080 and $89,524.
$59,432 lowhigh $100,201
The shaded range is even money and 31% 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 88% of the library.
-26.6% weakest projected move in the librarystrongest +73.1%
Five-year cost of ownership
Value change alone: +$13,676 across five years.
Running costs over the same period: $20,900.
Duty and expected selling costs: $3,710.
Net cost of five years of ownership: $10,935, or $2,187 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

Regarded as one of the great naturally aspirated roadsters, with a 9,000rpm redline that remains unmatched by any modern rival. Values have nearly doubled since 2016 as owners increasingly hold onto clean, low-km examples rather than sell.

The case against

The high-revving nature of the F20C demands strict maintenance discipline, and neglected examples show it through worn valvetrain components. It lacks forced induction, so outright performance trails newer turbo rivals at a similar price. The Australian sample is three results and two cars, all of them under 39,000 kilometres, so the value at the expected distance rests on a slope borrowed from the AP1 record rather than measured here. The international market is flat rather than climbing.

Known faults and risks

Risk 1Valvetrain wear if maintenance neglected
Risk 2Soft-top wear on unreplaced roofs
Risk 3Differential whine on high-km cars
Valvetrain service$900
Soft-top replacement$1,100
Differential service$400

Similar cars, and what they cost to run

Evidence behind this valueThin · 3 recorded sales
Carried value
$64,000
Historical price
2016 · $30,0002026 · $64,000
Thin
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
Three Australian results and two of them are the same car

A Berlina Black example sold at Rouse Hill, New South Wales in November 2022 at 38,832 kilometres for $65,000, and again at Wilton in December 2023 at 38,911 kilometres for $73,500. Seventy-nine kilometres apart, and the two listings describe the same repainted rear bumper, the same 17-inch twin five-spoke wheels on Falken Azenis, and the same inventory down to the two main keys and one valet key.

Read the rest of the evidence notes (9 more)
Twelve and a half months, seventy-nine kilometres driven, and 13.1 per cent more money

That is a repeat sale - the only measurement that holds condition constant - and it is the clearest evidence in this library that the AP2 market rose through 2023.

It also means this record has two cars, not three

The evidence grade counts transactions and there are three; the population behind the value is two, and a reader should know that.

The third is $75,000

At Sydney in February 2025 for a 2006 car at 28,387 kilometres, second owner, with a partially stamped book and a recent minor service.

All three are low-distance cars - 28,387, 38,832

And 38,911 kilometres - so the odometer term of 1.9 per cent per 10,000 kilometres is carried from the AP1 record rather than measured here. Three cars inside eleven thousand kilometres of each other cannot produce a slope, and this record does not claim one.

What the three do support

Is that an unmodified Australian-delivered AP2 under 40,000 kilometres trades between $65,000 and $75,000, and that the market moved up inside that band over two years.

The value was $52,000 while this record's own three results ran $65,000 to $75,000, and the arithmetic never reconciled them

The published figure describes a car at the expected distance, which this record set at 130,000 kilometres, and every car in the sample sits between 28,387 and 38,911. Carrying that gap at 1.9 per cent per 10,000 kilometres, $52,000 predicted $62,041 for the Sydney car that made $75,000 and $61,006 for the Rouse Hill car that made $65,000 - under every observation, two of them by more than twenty per cent. A model that is wrong in the same direction on all three of its own data points is not noisy, it is miscalibrated.

The expected distance moves to 110,000 and the value to $64,000

The 130,000 figure was inherited from the AP1 record, and the AP2 is five years newer; 110,000 is where these cars actually read. De-adjusted to it, the February 2025 result implies $64,930 and the December 2023 result $64,752 - a difference of less than $200 between two independent cars fourteen months apart. At $64,000 the model now returns $73,926 against an actual $75,000, and $72,646 against an actual $73,500.

The third residual is the finding, not the error

The November 2022 Rouse Hill sale comes in 11.8 per cent under the model - and that is the same car as the December 2023 sale, which the model now fits to within one per cent. The gap between the two is the 13.1 per cent the repeat sale measured. The model is not missing that car; it is correctly reporting that the market moved between the two occasions on which it sold.

What is still extrapolated

The distance term. Every car here is under 39,000 kilometres and the 1.9 per cent slope is carried from the AP1 record, so the value at 110,000 kilometres rests on a curve nothing in this sample tests. A single high-distance Australian AP2 result would be worth more to this record than three more low-distance ones.

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 Facelift 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

The evidence on this model is thin and the report says so on its cover. Read a complete one on a real car first. Seventeen sections, no account, nothing to pay.

This model, today$64,000
Half of sales are further out than$7,155
The report$249
29×
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 Facelift, 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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