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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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Replying to: accelerator (May 16, 2007 7:25 am) I pay less than that for my lease on the 05 and I put nothing into the lease except first month's payment, IIRC. I would not not pay so much into a cap cost reduction to lower the payment. Pay the negative equity and maybe the first month's payment and that is about all. In the event of a total loss on the car you insurance will pay off Honda and give you nothing (for your $2,860 out of pocket). I still would not do a 48 month lease, but that is just me. Dennis
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Replying to: dwynne (Oct 05, 2006 5:44 pm) Regarding the 48 month lease, my wife is really against this car so if I want it, I have to do 48 because once I have it, I wont be able to get another sports car of this calibur again.  My wife also said due to the increase in insurance that $360 is my cap for a car payment. And about what my wife says, that is another topic of discusssion.  The cap cost reduction is $2500 and $360 is the first payment.
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Replying to: accelerator (May 16, 2007 8:49 am)
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Replying to: habitat1 (May 16, 2007 2:52 pm) To be honest, financing a $30k is out of my budget since my wife is starting her own home-based business and we aren't sure yet how it will do. Leasing is the only option for me. I may have to drop off the forums once I do the deal because Murphy's Law says that after you sign the deal, you'll find an even better deal next month.
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I'm now the proud lesee of a 2007 Rio Yellow S2000 and I couldn't be more happier with my decision. I thought about waiting til next month to see what offers would be around but became impatient. I got an incredible deal on the financing terms. Could it have been better if I waited? Maybe. I got much lower than the .00285 money factor and given I rolled over almost $1000 of negative equity, I couldn't be happier with my monthly payment of $360.00 (not a penny more). I may not be posting for a while as I'll be out driving... Now what do I name her? I'm thinking "Little Miss Sunshine" 
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Replying to: accelerator (May 18, 2007 7:40 am) I went back to the dealer today to take a close look at his inventory once again, and am thinking about switching from silverstone to new formula red. The red car is in exhibition and unfortunately it has 26 miles (I would prefer less than 10) on it, but it looks like fresh from the truck. Any comments about that relatively high number of miles at the time of purchase? Again, best wishes with your new toy.
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Replying to: donquixote30 (May 18, 2007 10:23 am) My understanding is that they will all have at least 15 on it from Honda as it is part of their quality control. I'm sure someone here can chime in and confirm that. NFR was my 3rd choice color coice. When clean, the NFR looks almost like the paint is still wet. GPW was first choice with LBP my 2nd. Rio yellow wasn't even in my top 5 until I saw it in the sun and WOW! It is absolutely beautiful and I knew I found my baby! You could judge the stock number as to it's actual age if that would help. My two cents would be to look at the tires if you are concerned with HOW the 26 miles were put on the S. Look for the little rubber tits (I don't know what else to call them) and look at the edge of the rubber to see if it looks like threads have have been ripped. Make sense?  Your dealer wouldn't have to know about your work schedule. You could tell them you have family here so it would be easy to justify a visit. Perhaps if they wont match it, maybe meet half way? Perhaps they can offer a lower money factor if you are leasing? I have a 4.00 interest rate, no security deposit and something else was waived but I can't recall what it was. I simply am paying for sales tax (required by law) and interest (again at 4.00% or in money factor terms, .0017). I found there are a ton of options available to the dealer, IF they want to sell the car. Heck, it may take some time but if you have multiple honda dealers within a close proximately, make/allow the to bid for your business. Keep us posted with what you find. Keey in mind that a new incentive will be out next month. Honda's special lease rate, IIRC, will be better deal than the deal I got, I believe. If the dealer has a large inventory and you are not at risk of missing out on the color you want, you may want to wait. Telling the dealer you want to wait may be enough incentive to help them sell you the car. You can also mention you are going to check out the Sky Redline/Solstice GXP in the meantime. Then see if they present you with anything attractive.
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Replying to: accelerator (May 18, 2007 11:27 am) If this is the last year of S2000 production, as it appears to be, I intend to keep the car for the long pull. Leasing, therefore, is not in the picture. Thanks for easing my concerns about the 26 miles on the odometer. I'm a bit paranoid about the "high-rev test-driving style" that may have taken place already. Yes, I looked at the tires and to every other conceivable indicator of use and or abuse. It may be wishful thinking, but I theorize that a car standing on the sales floor is less likely to be test-driven than those on the dealer's lot. It is possible, therefore, that the car was delivered at the dealer's storage site several miles away, and for being red, it was chosen as a sales floor exhibition item.
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Replying to: donquixote30 (May 18, 2007 12:53 pm) Here is my thinking with the lease/buy route... $30k is roughly a $600/month car payment at a finance rate of 6% (rounded for easy numbers). Through my lease deal, I'm paying $360 at 4%. I can invest the difference ($240) and make more than 5%. Heck, even opening up an immigrant account will earn me 5%. My thought is that I will be in a good position to move into Honda/Acura's next great sports car.
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Replying to: accelerator (May 18, 2007 1:17 pm) |
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