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Prices Paid: Buying & Leasing Experiences Honda S2000 Prices Paid and Buying Experience
416 messages, Last post on Oct 10, 2009 at 7:11 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: habitat1 (Feb 08, 2007 6:13 am) There are 2007's available. Since there are no differences between the 2006 and 2007, and I tend to keep cars a long time , I didn't seriously price a 2007. At $29,000 I had reached about the limit of what I was willing (and able) to pay for a car I won't be driving every day. |
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Replying to: mprasad (Nov 21, 2006 7:02 pm)
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Replying to: johnjackson33 (Mar 08, 2007 5:30 pm) What dealership do you work at? I'm in the market. |
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The latest CarDeals newsletter (www.checkbook.org) reports $2000 dealer cash incentives on 2007 S2000's.
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I keep hearing about people getting new S2K's for 29K + fees, and I am wondering if anyone can recommend a dealership in or around Colorado that is making these great deals. I want to lease for 36 months with 0 down, and open to 48 months, if it makes sense. With the current S2K promotion the best deal I have been able to get so far today is: 0 down, 36 month lease, 12k per year, $470 month + tax 0 down, 48 month lease, 12k per year, $430 month + tax Price of vehicle: $30,787.16 These payments are based on Honda Finance leasing, with super preferred tier. If I can get the car at Invoice - $2000 + $595 lease acquisition fee = $423.66 + tax, I would lease it right away. Anyone know where I can get a deal like this? Thanks in advance for any input. |
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2007 black s2000, i was offered a lease deal of $5000 out of pocket at signing and $320/month for 36 months  12k miles/year. includes all taxes, fees, etc. the cap cost i worked was invoice less 1800 i believe (leaving the dealer the extra 200 from honda). good deal?
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Replying to: tonyr313 (Apr 15, 2007 4:00 pm) |
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Replying to: tonyr313 (Apr 15, 2007 4:00 pm) You are paying $16,520 for three years / 36k miles of use on a car that you could buy outright for $29,000 + taxes. I bought a 2002 S2000 in November 2001 and traded it in May 2004 w/ 18,000 miles for $23,200. If you actually keep the car for 3 years and put $36k on it, you might not get that on resale, but I'd be shocked if you couldn't get at least $20-$21k, probably more. Meaning that if you buy or $29k and (guessing) your taxes and fees are $2k for a total of $31k, you should be able to drive the car for three years for a total of around $10k in depreciation. I'd buy under that scenario.
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Replying to: habitat1 (Apr 17, 2007 1:06 pm) To do an even comparison, you have to assume that you are borrowing the purchase price, less any downpayment. Even with that, I'd buy as well.. |
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For Financing, not Leasing: I know how to figure Tax but what about the Title, License, and other fees... is there a precent ratio or a dollar amount that you can figure? Typically, I use 10% of the selling cost to account for TTL and other fees. e.g.: In Texas, the tax is .0625% so if a car sells for $20,000 Sales Tax: $20000 * .0625 = $1,250 Title/License/Other Fees: $2,000 - $1,250 = $750 Does this work for you guys? |
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