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Prices Paid: Buying & Leasing Experiences Honda S2000 Lease Questions
270 messages, Last post on Dec 01, 2008 at 5:20 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Link to lease deal Not what I had hoped for/expected: 2007 S2000 Featured Standard Lease $349.00 per month for 36 months. $4,309.00 total due at signing. Offer Details FEATURED LEASE: Closed-end lease for 2007 S2000 Manual Transmission (Model AP2147ENW) for $349.00 per month for 36 months with a $3,365.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $4,309.00 total due at lease signing (includes first month's payment, AHFC upfront acquisition fee, capitalized cost reduction, security deposit. Security deposit waived in featured lease example. Total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Security deposit waived in lease example. Not all buyers may qualify. Subject to limited availability. Through 05/31/2007, to approved lessees by American Honda Finance Corp. Closed end lease for 2007 S2000 Manual Transmission vehicles (Model AP2147ENW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $34,845.00 (includes destination) less the suggested dealer contribution resulting in actual net capitalized cost $27,560.36. 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 $19,861.65. 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. This looks like a MF of 0.00285 or 6.84%, not a great deal. If you take the $4,309 down and take out the first month and acq fee you end up with $30,925.36 as the selling price VS an invoice of $31,604. I would think when you could get the car for $2,000 under invoice for a similar MF it would have been a better deal. Dennis
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Replying to: dwynne (May 02, 2007 10:13 am) sot heir lease dealisn't even as good as what some dealers will sell it for to the costco people... if i were in the market for one i'd wait
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Replying to: 23109vc (May 03, 2007 5:30 am) I paid invoice for my 05 (no dealer money at the time) and if I were to get an 07 I would expect to pay invoice - $2k or just a little higher. In the old lease deals the money was under 2%, so even without the dealer money a lease at invoice was a great deal - a better deal than $2k under and 6.84% lease number. If I were buying, I would buy now at the right price. If I wanted a lease deal, I might wait another month to see if they sweeten the lease deal. Dennis |
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Also posted this on the prices paid forum . . . Pricing info FYI: Received an unsolicited email today from a SF Bay Area dealer with this price.
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Replying to: rujo (May 03, 2007 2:39 pm) It could also be an 06 car, some dealers still have them on the lots. Dennis
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Replying to: dwynne (May 03, 2007 3:10 pm) And no, it's not an 06.
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Replying to: rujo (May 03, 2007 4:42 pm) Forward the e-mail to me and I will give them a call. Dennis
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Replying to: dwynne (May 03, 2007 5:01 pm) I've forwarded the dealer's email to you. I worked with Susie in late April on putting together an Accord lease deal for me - ended up with the Acura for a number of reasons. She's in the finance department - very professional and easy to work with. I highly recommend her to anyone in the SF Bay Area looking for a Honda. |
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Replying to: dwynne (May 02, 2007 10:13 am) |
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Replying to: 23109vc (May 03, 2007 5:57 pm) Monthly payment for a 36mo/12k lease would be about $424 plus tax. Upfront payment would include tags, title, dealer document fees and first month's payment. PS: If you could get the selling price to the $28,888 figure I was quoted from a SF Bay Area dealer earlier today - monthly payment would drop to about $408 plus tax. |
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