Every 1999 and 2000 Honda S2000 AP1 is now past 25 years old, so a JDM car can enter the United States under the 25-year rule. Our view: a 9,000 rpm F20C with a six-speed manual is the strongest case for importing a Japanese roadster from this era, and early cars that stayed original will keep their pull with collectors.
Introduced in April 1999 to celebrate Honda's 50th anniversary, the S2000 AP1 represents the culmination of Honda's sports car expertise. Distinguished by its high-revving F20C engine, perfect 50:50 weight distribution, and exceptional handling, the S2000 quickly became a benchmark for affordable performance.
F20C engine: 2.0L DOHC VTEC inline-4 producing 237-247 hp (market dependent)
6-speed manual transmission with short-throw shifter
Torsen limited-slip differential
Double-wishbone suspension front and rear
Electric power steering
Electrically operated soft top
Digital instrument cluster with F1-inspired design
As noted by automotive historians, the S2000 set a new standard for specific output from a naturally aspirated engine, achieving an impressive 120 hp per liter.
The heart of the early S2000 AP1 is its celebrated F20C powerplant, a 2.0-liter naturally aspirated inline-four engine producing 237 hp (US-spec) or 247 hp (JDM-spec) at an astounding 8,300 rpm, with redline set at 9,000 rpm.
Displacement: 2.0L (1,997cc)
Configuration: Inline-four
Valvetrain: DOHC, VTEC (Variable Valve Timing and Lift Electronic Control)
Compression ratio: 11.0:1 (US), 11.7:1 (JDM)
Specific output: 120 hp per liter
Redline: 9,000 rpm
Fuel system: PGM-FI (Programmed Fuel Injection)
While the F20C is renowned for its robustness, S2000 enthusiasts highlight several key areas requiring attention:
Valve retainer failure: Early AP1 models can experience valve retainer cracking, particularly when frequently driven at high RPMs.
Oil consumption: Some engines develop minor oil consumption as they age. Regular monitoring is essential.
TCT (Timing Chain Tensioner): The factory tensioner can develop issues beyond 60,000 miles, creating a characteristic rattle during cold starts.
VTEC solenoid gasket: This common leak point should be addressed promptly to prevent oil starvation.
Expert Tip: "The F20C thrives on proper maintenance. Regular oil changes with high-quality synthetic oil, allowing proper warm-up, and avoiding lugging the engine at low RPM are key to longevity."
The S2000 features a precise 6-speed manual transmission with a short-throw shifter, routing power to the rear wheels through a Torsen limited-slip differential.
Common Transmission Issues:
Transmission fluid deterioration: Regular changes every 30,000 miles ensure smooth shifting.
Clutch lifespan: Factory clutches typically last 60,000-80,000 miles under normal use.
The S2000 features a sophisticated double-wishbone suspension setup at all four corners, providing exceptional handling balance with precise steering feedback.
When evaluating a potential purchase, pay special attention to these components:
Suspension bushings: Factory rubber bushings deteriorate after 20+ years, causing excessive compliance and vague handling.
Shock absorbers: Original units commonly leak or lose effectiveness.
Brake system: The factory braking system is excellent but benefits from regular fluid changes with high-temperature brake fluid.
Wheel bearings: Front and rear bearings typically last 80,000-100,000 miles but should be inspected for noise or play.
Soft top condition: Check for tears, proper operation, and water leakage. Replacement tops are available but installation is labor-intensive.
Drain channels: Soft top drain channels can clog, causing water to enter the cabin and potentially damage electrical components.
Accident damage: Given the performance nature of these vehicles, many have experienced accidents or been repaired. Check for even panel gaps and consistent paint finish.
Digital display pixels: The digital dashboard can develop missing pixels in the display.
Early S2000 AP1 models have experienced significant appreciation in recent years. According to market data, 2025 valuations for 1999-2000 models typically fall within these ranges:
Fair condition: $18,000 - $22,000
Good condition: $25,000 - $30,000
Excellent condition: $35,000 - $40,000
Concours condition: $45,000+
Market Factors Influencing Values:
Originality: Unmodified, factory-original examples fetch 15-25% more than modified vehicles
Mileage: Low-mileage examples command significant premiums
Documentation: Complete service history adds 10-15% to valuation
Color: Certain factory colors like New Formula Red and Silverstone Metallic command slight premiums
As 1999-2000 production S2000s celebrate their 25th anniversary, they now qualify for simplified importation under the 25-year exemption rule in the United States.
When you import your S2000 from Japan, we ship it door to door, by ocean or by air. Our own warehouses in California, Florida and New Jersey cover all of the US for imports and exports.
Our own team loads every car and handles every document, and a licensed customs broker files the US entry. Most S2000s travel in a container. Air suits a car that has to make a show date: see air freight, or how we ship a collector car from pickup to delivery.
The early Honda S2000 AP1 is Honda's sports car philosophy at its purest. With every 1999 and 2000 car now past 25 years old, the JDM versions are open to US buyers, and we would shop for an unmodified car with a full service history first.
For buyers seeking the quintessential Japanese sports car experience, the S2000 delivers engaging performance that transcends mere specifications. While prices have increased steadily, the S2000's legendary F20C engine, exceptional handling, and continued appreciation curve suggest the market has not yet reached its peak.
Found it in Japan, at an auction or at an event overseas? We ship it door to door, by ocean or by air. Contact West Coast Shipping for a quote on your lane. It's your dream car. Let's bring her home.