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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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Replying to: aramism (Aug 02, 2008 5:36 pm) |
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Replying to: aramism (Aug 02, 2008 5:36 pm) 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
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Replying to: dwynne (Aug 03, 2008 5:03 pm) thanks for the info by the way. aram
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Replying to: aramism (Aug 05, 2008 8:16 am)
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Replying to: aramism (Aug 16, 2008 8:56 pm) 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
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Replying to: dwynne (Aug 17, 2008 5:34 pm) 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. |
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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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Replying to: confused13 (Aug 25, 2008 4:24 pm) |
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Replying to: confused13 (Aug 25, 2008 4:24 pm) Congrats and welcome to the club. |
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You'll notice the last one applies to yellow S2Ks.
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