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Honda S2000, Convertible
#381 of 420 Re: Current Deal - $1k in dealer cash [dwynne]
Jul 23, 2008 (9:05 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.
#382 of 420 Re: [accelerator]
Jul 23, 2008 (9:08 am)
Spray on Meguiars wheel cleaner, a quick brush, and hose off. A LOT easier to clean than the legendary BMW brake dust even with S2000 and lots of scrubbing.
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 .
#383 of 420 Re: Current Deal - $1k in dealer cash [dwynne]
Jul 25, 2008 (11:56 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).
#384 of 420 Re: Current Deal - $1k in dealer cash [bonvivant]
Jul 25, 2008 (1:31 pm)
What is wrong with that ?
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).
Jul 26, 2008 (11:12 am)
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.
#386 of 420 Thanks for the details, Dennis and Joe
Jul 27, 2008 (1:39 pm)
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.
#387 of 420 Re: Thanks for the details, Dennis and Joe [bonvivant]
Jul 27, 2008 (3:15 pm)
Some dealers will not deal into hold back, pretty much no matter what. Others will do it routinely for "Internet sales". These are sales they would never get if they didn't offer prices that would make it worth the drive for out of town or out of state folks. Comparing our Pilot price with our local best offers left more than $1,200 difference. A similar number existed with the S2000 pricing. Both made it well worth my time and expense to make a long drive to get the cars.
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?
#388 of 420 Re: Thanks for the details, Dennis and Joe [dwynne]
Jul 28, 2008 (11:15 am)
Re: Scarcity of cheap lease deals going forward: Suporting your argument, just read in a business article Chrysler is getting out of the lease biz altogether.
Thanks for the tip about widening the search if necessary.
#389 of 420 Re: Current Deal - $1k in dealer cash [dwynne]
Jul 29, 2008 (8:57 pm)
thats an awful deal. in june in couldnt but a dealer in long island ny told me like 440 with taxes rolled in and only first + dmv up front on a 36 month lease w/ 12k mi on an 08
i thought that was too high...
if this is the case of of paying 499 for the car WITH taxes up front i am better off paying an extra $50 and getting a 335i sedan with everything rolled in.
im gonna wait it out a few months hopefully they MF comes down on the car as it nears its final year of production. i was looking to spend max $400 a month with everything rolled in on a 36 mo lease on an 08. i figured it would be possible with the promotion they had as the first price the guy gave me was 440 so there was room to get it down closer to 400. but that was under a promotion so we'll see.
#390 of 420 Re: Current Deal - $1k in dealer cash [aramism]
Jul 30, 2008 (5:20 am)
A salesperson I know said Honda will be building the S2000 for the '09 model year but in extremely limited numbers. Some grumble that the longer they continue to build the current S2000, that prevents them from building a replacement vehicle, but that is a topic for another thread.