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Honda S2000 Prices Paid and Buying Experience

416 messages,  Last post on Oct 10, 2009 at 7:11 PM

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What is this discussion about? Honda S2000, Convertible


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#396 of 416
Re: Color/ inventory questions [bonvivant] by dwynne
Aug 01, 2008 (12:26 pm)
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Replying to: bonvivant (Aug 01, 2008 12:14 pm)

They use laser and RADAR around here and I don't think they pick on my red car any more than any other car - but I have had 4 red convertibles in a row . If you are over in the hammer lane going fast they will nail you even if you are in a Yugo. You do get some of the "slow down" looks from other folks who just think you must be going fast, but LEOs use their tools and those are color blind. I run V1 detectors in my cars "just in case".
 
That is always true, if they have it on the lot (along with some more of the same model) then they have high motivation to move it. If they have to dealer trade you have to pay for the trouble one way or another. If the dealer is close enough to cost much, just try for a deal with the dealer that has the car on the lot.
 
Finding a dealer that will make a nice Internet deal without much work on your part is sweet. Hennessy in GA is where I got mine and nothing could have been easier - but I did have a pretty long drive to get the car. The local dealerships would not have touched my "down into the hold back" price with a ten foot pole.
 
Dennis
#397 of 416
Dennis, thanks by bonvivant
Aug 02, 2008 (11:25 am)
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Replying to: dwynne (Aug 01, 2008 12:26 pm)

As always, logical, sound information. I have a V1, and it'll be used. Now, just start trolling for the best deal. (When I was thinking I could afford a Boxster or Cayman, I visited some Porsche-ophile sites and found the term "trolling". The term is used with derision, and seems to be about the biggest put-down in club lexicon. It felt like smugness and superiority were in the air as if to say: "We paid the price of [relative] exclusivity, and you'd better, too, if you want to be in our club." Nothing wrong with this, except it brings to mind the Woody Allen quote about not wanting to be in any club that would want him (me) as a
member -- at least not in terms of making price [and a manufacturer's profits] sacrosanct portals of entry. I usually pull for underdogs. Though it may be a stretch to think of Honda as and underdog, it's fun to see them (Acura) becoming very competitive very quickly in American Le Mans racing against the vaunted German brands.
#398 of 416
Re: Conundrum? [dwynne] by aramism
Aug 02, 2008 (5:36 pm)
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Replying to: dwynne (Jul 31, 2008 5:05 pm)

i don't buy what they post online. i got my last car (05 infi m45 sport) literally loaded for 698 a month all i paid was first month and $35 to transfer plates with 15k mi for 24 months.
 
they were advertising 799 a month with taxes up front for 24 months 12k miles not fully loaded no navi none of that stuff so it just goes to show you. same thing with the deal my mother got on an 08 jetta. she got that sign and drive for $2 lower than the advertised price with a auto trans wheras it was being offered on their promotion with manual. like $1800 difference on the msrp. so advertised deals always have room in them.
 
point being i am trying to time for any sort of lease deal on this car. i understand how you are getting a better deal on a purchase but it's out of my budget currently. there's gotta be a way to get this car with everything rolled in and at or under 400. if they are selling them for 30k or so then a 30k car must have a really shitty MF to get the payment upto the high 4s. getting this car and paying $500 a month on a lease is flat out retarted. it's been out for 8 years now, i remember when it first came out it was different there was tons of hype now it's a waste of money to pay that much. just my opinion.
 
if they know could someone verify the august MF and residual on a 36 month 12kmi lease???
#399 of 416
Re: Conundrum? [aramism] by aramism
Aug 02, 2008 (9:30 pm)
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Replying to: aramism (Aug 02, 2008 5:36 pm)

correction. 06 infi m45. not sure how to edit to i had to repost. not 05 infi m45, 06
#400 of 416
Re: Conundrum? [aramism] by dwynne
Aug 03, 2008 (5:03 pm)
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Replying to: aramism (Aug 02, 2008 5:36 pm)

if they know could someone verify the august MF and residual on a 36 month 12kmi lease???
 
For July it was 0.00280 for 36, 0.00265 for 48 which are terrible rates - so I didn't bother to ask what the residual is (was). The dealer incentive only applies (now) to sales and not leases.
 
Dennis
#401 of 416
Re: Conundrum? [dwynne] by aramism
Aug 05, 2008 (8:16 am)
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Replying to: dwynne (Aug 03, 2008 5:03 pm)

yikes...
 
thanks for the info by the way.
 
aram
#402 of 416
Re: Conundrum? [aramism] by aramism
Aug 16, 2008 (8:56 pm)
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Replying to: aramism (Aug 05, 2008 8:16 am)

i always wondered this. can a dealer touch the money factor. is there yield spread and stuff like that or is it a rock solid rate. i would imagine the dealer has the ability to juice up a money factor to make some back-end money from the bank no? i know they can goto different banks like han and whatnot but as far as let's say a honda dealer dealing with AFHC bank.
#403 of 416
Re: Conundrum? [aramism] by dwynne
Aug 17, 2008 (5:34 pm)
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Replying to: aramism (Aug 16, 2008 8:56 pm)

Normally, the AHFC payment will net out to less than a 3rd party lease bank. The residual is normally inflated over with a 3rd party bank will do and when on special the rate will be a good bit lower. It always pays to check to see if you can get a better deal - or simply wait until AHFC has a special deal, as no other bank can touch that.
 
Dealers can mark up the money factor for extra profit for the finance department. They can also mark up the $595 bank wee for more profit. They can't touch the residual, it is set by AHFC. I don't know if I have ever heard of a Honda dealer mark up a lease rate, but I assume somewhere some of them do this. High end dealers (BMW, Infiniti, etc) often do this and it can be hard or impossible to get a lease at the buy rate.
 
Dennis
#404 of 416
Re: Conundrum? [dwynne] by aramism
Aug 17, 2008 (9:19 pm)
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Replying to: dwynne (Aug 17, 2008 5:34 pm)

hmmm. well i mean i know that they do have other banks like HAAN financial however from what i heard (not sure how true) that they are very strict when it comes to wear and tear wheras with honda bank they give you the $1500 allowance even on smashed bumpers and stuff which i know is true as my mother had a civic and all stuff upto $1500 was waiged and she had a bill for literally like $6.00 or something. it is good to have as driving in NYC only god himself can keep a car totally mint in even just one week. rim dings, bumper scratches are irrelevant even if you are a perfect driver.
 
i mean i'm just gonna wait for sept and call up a bunch of dealers and get the specs on their offered deal. MF, resid, cap cost, etc. and theoretically if the MF is set by the bank and is rock solid then every single dealer should tell me the same MF and the only difference in any of the variables should be the cap cost, or the cost they are selling the car to the bank to or however that works, the "loan amount" on the lease. every other variable should be identical otherwise someone is either lying or they can go in and mark up or buydown the rate.
#405 of 416
Proud new owner by confused13
Aug 25, 2008 (4:24 pm)
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I found a brand new 2007 leftover in the color I wanted (yellow) and got it for $26,500 plus a $99 doc fee. I plan to keep it for a number of years, so I think resale will be just fine with '07 vs '08 (plus I like the wheels on the '07 better). Even with 4.9% vs Honda's 2.9%, payment is better and I've got a great car for almost half of some of the competitor cars! I couldn't be happier.

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