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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: nomisny (Jan 16, 2008 7:36 pm) On a 2005, White with about 25000 mile on it, edmunds has the following: Private Party: $20,282 Dealer Retail: $21,644 You can also look on AutoTrader for a comparison to see how they are priced for the mileage similar to the one you are considering. Before my S, I had a Jeep and comparing autotrader gave me more credit at the dealership than citing KBB or Edmunds (no offense Edmunds). Dealerships have canned responses for when a customer mentions KBB or Edmunds but it is hard to argue with the asking price that other sellers are listing their cars at, granted the others probably are not certified***. *** As for the certified part, be sure you understand what certified means. I had a friend buy an immaculate white 2005 S, certified. He owned it about a year and had to have the battery replaced. The battery was replaced by the dealership at no cost, but the battery WAS a lawn tractor battery!!!!  He had to go around a little bit with the dealership since they accused him of swapping batteries but in the end, the dealership did replace the battery. All I'm saying is be sure to inspect the car despite being certified. You can also check out www.s2ki.com. This site is the international S2000 forum. You may be able to find a well maintaned S in a local chapter or in the Fro Sell section. Be sure to ask if the car was tracked or not. |
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I just purchased a new 2007 S2000. After going to a couple of dealers in Dallas (and being totally disappointed with their prices), I took a ride up to a dealer in Irving. They had four 2007 models marked to what I thought was an unbelievable price in light of what I've read on this board. They had two red cars that were marked at $27896.00 + "fees". They also had two blue models marked $28896.00 + "fees". The fees were $660 for destination charges and a $55.00 document fee. I told the salesman I wouldn't pay the fees period. I told him those "fees" should already be reflected in the price. To make a long story short, the agreed upon price for one of the red cars was $27,675.00. Therefore, there are deals out there. The blue cars were asserted to be higher because they had been on the lot less time than the red cars. However, they would undoubtedly deal on those as well. They were clearly trying to get the cars off the lot.
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Replying to: lee271 (Jan 31, 2008 1:06 pm) NFR is the best color anyway, they should have priced it for MORE than the blue ones . Sounds like a sweet deal to me. I paid $30k for my 05 in 05 and that included the dealer fees and I did the cheap lease. I think there was/is $2,500 in dealer money on the left over 07 cars and nearly $1k in hold back, so they can afford to get pretty cheap on them. The only bad thing about the S is that the resale value is in the toilet. They USED to be really strong on resale value but now that Honda has to deep discount to sell the new ones the used market has "adjusted" to not good prices (for a seller). I was told my '05 with 11k on the clock was worth $17.5k to $19k trade toward a new 08. I got $19.5k for my 01 when I traded it 4 years old with a lot more miles on it back in 05. Dennis |
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Replying to: lee271 (Jan 31, 2008 1:06 pm)  Now, head over to the s2ki.com. Go to the forums and you'll see the http://www.s2ki.com/forums/index.php?showforum=10. This is a pretty active chapter with monthly drives. I haven't been to one yet due to conflicts but they sound like fun. I believe one of the popular meeting places may be over in Irving so that might be in your neck of the woods! Oh, I do have to tell you one thing for sure... you are going to hate having this great car and not being able to put the top down, just yet... Hang in there, the car is even better with the top down. Again, welcome to the club! 
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i read on another forum that Honda added dealer cash to some models. what about any new incentives on the s2k? anyone hear anything new?
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Replying to: 23109vc (Feb 11, 2008 10:31 pm) Dennis |
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my local dealer has an 07 in white - my favorite color. how cheap you think I could pickup a leftover 07 for? much cheaper than an 08? i'm still not sure if i'm better off to buy an 07 or lease an 08?
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Replying to: 23109vc (Feb 12, 2008 10:43 am) You have to get firm prices for both from several dealers and then run the numbers. If you want to end up owning the S, then buying either is probably a bit cheaper. The current 08 lease deal is fairly cheap (1.3% effective), but if you do the lease then buy at this rate it will probably cost you a little more - since you have to pay the $595 bank fee and will have to finance the lease buy out at a higher used car rate. Dennis
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Replying to: dwynne (Feb 12, 2008 11:18 am) if so, thats another $1k... invoice is about $31k so 28k or so?? i figure on the lease.....when you factor in all the fees and crap... you'll be around $475-500/month with NO MONEY down at all. sign and drive. if you BUY and finance it over 6 years... your payment is about the same.... so 3 years into the lease.... you turn the car back in. 3 years into the 72 month term... are you upside down or do you have any equity int he s2k? i still think they will make the deals better. i'm literaly seeing houses foreclose around me left and right... home prices are plummeting like crazy. the unemployment is gonna go up...and as all this crap adds up... the big D is going to be unavoidable and then good luck to Honda to try and sell a two seat sports car when half of America is worried about making the bottom line.. i say deals will sweeten over the next 12 months. what do you say? |
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Replying to: 23109vc (Feb 12, 2008 5:55 pm) First of, new to the forums and I am amazed by the posts here, Everyone is very helpful and I would like to thank everyone in advance for any help I will be getting. I am thinking about leasing a 2008 Honda S2000 or S2000CR. My brother just leased 2008 Honda S2000 CR with Audio and AC for $37000, $2000 down and $480 a month paymonth. A couple questions please. 1. Get Honda S2000 or S2000CR? I love the look of CR and hate the look of S2000 regular, not sure if it makes sense. Haven't seen either one of them in person, Brother is picking up his on Thursday. Could anyone go a run down on the comparsion? I looked up on Honda.com but any easier explanations with just important notes that would explain to a newbie in cars would help. 2. Did my brother pay too much for it? Average price for 2008 Honda S2000 CR would go around how much? Think I can push the sales man down to $35000 or $36000 with 3 years lease and $2000 down? 3. This car is going to take one of my paychecks as I got my license in U.S. not even 2 years ago. So do you think it is worth it? 4. I have a 2001 Ford Focus SE right now and still have about $1300 payment left on it and the other day, a dealer offered me $2000 for it if I wanted to trade it in. And today driving in the snow, I almost got into an accident, ended up on the sidewalk with a flat and not sure how much damaged I did to it. So is this the best time for my trade? Should I wait for this car price to go down (maybe it might go down?) and just keep my ford focus and keep fixing it and dealer might pay less than $2000 in the future? Again, this is too much and I feel like i a taking advantage of people' kindness on this forums but I just had to ask as I am running out of ideas here. Thank you very much. |
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