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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: dwynne (May 21, 2007 11:12 am) I'll look into the ScanGuage II, thanks for the link! Texas gets hot so I'm sure this would come in handy. |
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Replying to: dwynne (May 21, 2007 7:08 am) Cannot believe I bought a red car. NFR (red/black contrast) looks terrific on the S2000, in my opinion Thanks again. |
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Replying to: donquixote30 (May 21, 2007 5:05 pm)  . Remember a new S2000 will have 3/36 bumper to bumper and 5/60 powertrain factory warranty. You can also purchase a HondaCare extended service contract for a reasonable amount (7yr/80k miles for $765 for example) - unless you live in FL. A few test drive miles should not harm anything and even if they did any problem should show up long before the warranty is out. NFR does look nice. The paint (and the body panels) are really thin and easy to dent and scratch so you do have to take care of the finish. I put a car cover over my S when I am not going to be driving it soon. Dennis
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Replying to: donquixote30 (May 21, 2007 5:05 pm)  Congrats! Now that you have your S, don't stop posting! 
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Replying to: accelerator (May 22, 2007 5:54 am) total money out of pocket? you said you had almost $1000 of negative equity - was that factored into it or did you kick in another $1000 that is not reflected in teh deal.. assuming we could duplicate your "deal" and we did NOT have any negative equity, and we did a similar 48month lease...we'd be able to shave another $20/month off the price...getting to $340.... not bad... i've actually got a $5000 trade in...so i'd be able to not only have NO negative equity...and get $340/month..but i'd shave another $5000 off theprice if i rolled my trade into the deal and effective be at $240/minth???? give us all the details on yoru deal!!!
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Replying to: 23109vc (May 22, 2007 4:31 pm) I'll get the contract this afternoon and post the info for you here. In Texas, if you have a trade-in, you get a sales tax break. For example, instead of paying taxes on $30,000, you would pay taxes on a $25,000 ($30,000 - $5,000 = $25,000) effectivly making your $5,000 trade-in worth more like $5,400 (depending on your tax rate). The dealers will know the trade-in benefits so if you are expecting $5,000, they may try and offer you $4,600 and then telling you with the tax savings that is equivalant to the $5,000 you were expecting. If you are happy with that, great, if not, stand firm. I had my trade-in evaluated at 5 different places and then used the highest quote as reference to prove why I expected the number I expected on the trade-in value. |
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Replying to: 23109vc (May 22, 2007 4:31 pm) Cap Cost: $31,896 (this includes ~ $700 of negative equity) Cap Cost Reduction (cash down): $2,860 (includes first payment leaving 47 more payments of #360). MF: .00240 / 5.76% Payment: $360.00 (AFTER taxes so your payment may vary) This deal also came with a service contract (42months/42k miles) valued at $704 |
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Replying to: dwynne (May 22, 2007 5:05 am) Jack |
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Replying to: accelerator (May 22, 2007 5:54 am) Regards, Jack |
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Car Man, I'm so confussed with how to calculate a lease payment. I read all the posts and just can't get it through my thick skull. Could you tell me what a fair monthly lease payment would be for a 2007 S2000, 36 month lease, 0 down, (first months payment and security deposit) through Honda? The sales price is 30,000 plus 7.75% tax. Also what percentage should the residual be and what is the percentage based upon, sales price or MSRP. Thank you so much for any help you can provide!!!! Lee
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