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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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I heard back from the dealer that leased me my 08 S2000. There is a $1,000 dealer incentive if you lease OR take the discounted interest rate. If you loan / lease where they get the $1k then their current price is about $30,800 for the car, dest, and doc fee. If you pay cash or do some other loan or lease then the price is $1k higher. Hint: take the cheap loan from AHFC and just pay it off in a couple of months. The lease works out to be $499 + tax for 36 or $463 + tax for 48 (both terms 12k miles per year) with only tax and tag and first month due at signing (with top tier credit). I don't have the MF and residual break down, but I asked for it. Dennis |
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Replying to: legendguy1 (Jul 21, 2008 6:53 pm) 
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Replying to: dwynne (Jul 23, 2008 7:30 am) The selling price would be $30,042.50 (hey, that is less that I paid) if you do AHFC loan financing. If you do the lease or pay cash the price is $1k higher. Sorry for the mistake. Dennis
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Replying to: accelerator (Jul 23, 2008 7:43 am) Of course, we have a guy that comes to the office and will detail your car inside and out for $25 (no wax or carpet shampoo at this price, just wash and vac). During the summer when my boss' son is not in college he comes to the office and does it for $20. So mostly, the number of spokes does not bother me much  . Dennis |
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Replying to: dwynne (Jul 23, 2008 9:05 am) It looks like your corrected price doesn't include the $670.00 destination charge, which isn't negotiable as far as I can tell. Price with the $1,000 incentive in my area looks like $30,055 + $670 = $30,725. Lower than that would mean asking for a piece their hold-back (2% of $34,300 MSRP =$686).
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Replying to: bonvivant (Jul 25, 2008 11:56 am) ? I paid $30,247.37 for my 08 back at the end of May for the car, dest, and doc fee. This included a $1k lease incentive (and a cheap lease rate). The current price for a PURCHASE from the same dealer is $30,043.50 - so less than I paid. The lease price is $31,043.50 now and the lease rates are not as attractive. We leased a Pilot from the same dealer in January and the price for the SUV, destination, and doc fee used up all but $150 or so of the hold back. If you lived closer to GA, I could hook up you with my dealer. If they have a color you like in stock that would be your selling price ($1k higher for leases). Dennis |
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My deal: 2008 Chicane Silver MSRP $34,300 + dest(635) = $34,935, 14 miles plus already had a 3m clearbra on hood, bumpers, door-edge,mirrors they SAY sells for $850 about. Anyway I paid: $30,270 plus $150 doc fee plus tax (2220) lic (143) all totaled to $32,783 out the door. Went for the 0.9% financing for 3 years. Hope this helps. Joe Enjoying the break-ion period. |
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I'm a little too far from GA, but the pricing info helps. My best leverage is that my local dealer has had the same red and silver cars for over a month. The lease deal, which I would have preferred but couldn't do at the time, didn't move 'em. The CA economy as elsewhere isn't helping the sale of "impractical shoes". I can make the offer and see what what happens ... the end of the month is upon us.
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Replying to: bonvivant (Jul 27, 2008 1:39 pm) I would use the dealer locator on the Honda page and start contacting dealers in an ever widening circle from your location and see if you can find someone with the right color S in stock that is willing to price it right in a similar "Internet sale". The current lease MFs are poor: 0.00280 for 36 months and 0.00265 for 48 months compared to the 0.00073 I got back at the end of May. So combining the current purchase incentive with the cheap financing to purchase from AHFC seems like the only deal now. There has been a lot of news lately about the captive lease banks taking it on the chin over residual values. They have always used inflated residual numbers to make for better deals and then figured they would worry about the future value when the car was turned in. Certainly the auction and trade values of my 05 were not even close to the residual and mine was in nice shape with real low miles. Then you add in the total collapse of the used truck and SUV market and folks returning those are just killing the captive lease banks (3rd paty banks too, but not as bad). The S used to have a really strong resale but that is eroding as well - too many on the market, limited audience, too many other options. The residual on my 08 lease is more than $1k less then the residual was on the 05 and the 08 is not likely to be that valuable at lease end even with the drop. So this all adds up to saying that cheap lease deals may be getting harder and harder to do. I have said it many times before - when they give you a cheap lease deal they have to sell the car twice: once to move it off the lot when new and again when you turn it in at lease end. If they SELL you the car no matter how much they have to discount the price, the rate, or both then they are done with it. So often times you will see them run cheap leases for a bit and as the end of the model year closes in they move to cheap sales and not attractive leases. Possibly in the future they just may skip the cheap leases completely? Dennis
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Replying to: dwynne (Jul 27, 2008 3:15 pm) Thanks for the tip about widening the search if necessary. |
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