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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
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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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Replying to: 23109vc (Feb 12, 2008 5:55 pm) On a left over 07, I would not pay more than invoice less all of hold back less dealer incentive. If I had to pay more, I would just get an 08. If you want to lease, you need to get the 08, the either will not lease you the 07 or it will be at a higher price. If you look at the lease special at Honda's web page: 2008 S2000 Featured Special Lease $349.00 per month for 36 months. $2,499.00 total due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers. Show Details FEATURED SPECIAL LEASE: Closed-end lease for 2008 S2000 Manual Transmission (Model AP2148ENW) for $349.00 per month for 36 months with a $1,555.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $2,499.00 total due at lease signing (includes first month's payment, AHFC upfront acquisition fee and capitalized cost reduction; with no security deposit. Total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify. Subject to limited availability. 01/03/2008 through 3/3/2008, to approved lessees by American Honda Finance Corp. Closed end lease for 2008 S2000 Manual Transmission vehicles (Model AP2148ENW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $34,935.00 (includes destination) less the capitalized cost reduction resulting in actual net capitalized cost $31,141.79. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $12,564.00. Option to purchase at lease end $19,563.60. Lessee responsible for maintenance, excessive wear/tear and 15 cents/mi. over 12,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20 cents/mi. over 12,000 miles/year. See dealer for complete details It calls for $2,500 at signing but also prices the car at $32,696.79 . Invoice is $31,689 so the dealer is looking at $1k profit plus hold back. So if you negotiated the price down to invoice including destination and dealer fees, then your payment would be $349 plus tax per month if you paid $1,500 at signing (not $2,500) plus taxes and tags. You can put down less and just have a larger payment, but I don't think it would be THAT much more since this lease is at 1.3% effective interest. S2000 resale values are in the toilet. A couple of dealers told me my 05 with 11k on the clock is worth about $17,500 in trade toward a new 08 S. Ouch. Lucky for me I leased it. If you lease, the lease bank takes the risk and not you. The lease term is 36 months, do not sign a longer lease - they stink and are a rip off. If you finance that is OK too, but you will likely find you are upside down in the car for most all of the loan term. So if you decide you need/want something else you will have to pay to get out of it. Dennis
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Replying to: dwynne (Feb 13, 2008 8:24 am) P.S. I've had mine for about 10 months (and 10k miles) and I have no real regrets, not one (okay, a door unlock button would be nice, but there are "hacks" to overcome that - oh, and the sun visor doesn't move but there are fixes for that, too). I've owned 11+ cars (that I can remember) throughout my life and this is the first car I can honestly say I've never had a moment of regret; it is just that good.
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Replying to: accelerator (Feb 13, 2008 9:12 am) If the deals are still on for the 08s I will likely just turn it in (or sell it retail) and lease an 08 while I can. If the lease deals are gone, then I would probably buy the 05 I have now one way or another. I always say this is my "you can have this car when you pry the keys from my cold, dead hands" car  . So the only thing I would replace it with is another S. I should go look in the forums about the unlock hack, that drives passengers (mainly my wife) nuts since I always lock the doors once we are in the car. It would be nice to have a button I could hit to unlock one or both doors with the key in and the car running. Dennis |
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I am interested in a new 2008. What price have people paid? What would be a fair price? I am here in colder climates (Chicago) so would it be better to wait and see what is left in the fall? Joe
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Replying to: legendguy1 (May 27, 2008 3:56 am) As slow selling as S2000s are, you should be able to find a dealer who will dip into hold back as well. Dennis
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Replying to: dwynne (May 27, 2008 5:42 am)
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Replying to: legendguy1 (May 27, 2008 9:12 pm) I just picked up my NFR 08 today, as coincidence would have it, and it was $30,247.37 for the car, destination, and dealer doc fee. I think it was a smoking deal (for right now) since invoice is $31,769. With the $1k dealer lease incentive this put the dealer's cost at $30,769 less 2% hold back of $698.70 equals $30,070.30 . So my price was $177.07 over the ASSUMED dealer cost including hold back and known incentives. The lease MF was pretty low as well. Now, to find someone to buy my 05 NFR S2000 . Dennis
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Replying to: dwynne (May 28, 2008 4:41 pm) Did $30, 247 include sales tax? What was your out the door price? Real good deal you made. I wish that Honda was not selling the Club Racer as well as this dilutes the number of standard s2000s available (assuming that they all come from the same plant in Japan). Also, I don't think the CRs are selling well. On ebay there is a yellow CR and a black CR with starting prices of 29K (on a car that lists at 38K!!). So if just one person bids the starting price they will be gettin 9 grand off the list price of the CR. Would be quite sweet to get that off a regular s2000! But my point is that there will be fewer regular s2000s available because of the CRs Honda is building. Joe
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