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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
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| Actually the price would be $29,500 for the S2000 but I am figuring any neg equity we may have on our 06 Accord coupe. | |
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Replying to: accelerator (Oct 03, 2007 9:32 am) Love mine, though. Dennis
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Replying to: dwynne (Oct 03, 2007 11:02 am) I'm 5500 miles into mine (I actually had my first oil change today thanks due to the maintenance minder system). I am still in love with this car. No regrets.
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Replying to: accelerator (Oct 03, 2007 12:08 pm) I was able to swap my first S (2001) for the 2005 by getting enough out of it to pay off the lease early with no negative equity and get the cheap deal on the newer car. No regrets from me either, but I do wish I had the DSC/VSC/whatever Honda calls it (skid control) which is the one thing my "old" model lacks. Dennis
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Replying to: dwynne (Oct 03, 2007 2:17 pm)  I'll admit, when the traffic is at its absolute minimal and it has just started sprinkling, I'll turn off the "whatever Honda calls it" and kick the rear end out from time to time; for the most part though, I do leave it turned on just to protect me from myself.
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Replying to: accelerator (Oct 04, 2007 4:59 am) Rain? You drive in the rain? I only drive mine when the weather suitable for top-down driving  . Bad weather fins me in something else. Dennis
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Replying to: dwynne (Oct 04, 2007 7:07 am) My S is my escape from reality, rain or shine. 
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Wonder if a lease guru could help me out... I am playing around with an idea of trading up to a new s2000 because of the falling demand. I have a 2004 silverstone with red/black interior. It has 30,000 miles and i have pay off of 19,500 which seems to be in the neighborhood of trade in value. I'm thinking of leasing rather than my current finance to get one of the last of the great breeds. My payments are $400 and i have four years left - got it last year at a great price. Here is one quote i got... "2007 Honda S2000 Lease with 12K mi/yr, all tax (7%) and fees included. You're right, need to appraise trade-in here. 36 month lease with only 35 payments of $583.61, and just $658.61 due at pickup 42 month lease with only 41 payments of $530.21, and just $605.21 due at pickup 48 month lease with only 47 payments of $505.00, and just $580.00 due at pickup" |
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Replying to: yinzer1 (Oct 06, 2007 2:01 pm) Trade in value for a 2004 with 30k in excellent condition is about $20k, depending on who you ask. You can bet the dealer's book will be lower. Right now Edmunds is showing no incentives on either the 07 or 08 S2000s - but there was up to $2k in dealer money on the 07s earlier. You need to break the deal down into its component parts: Negotiate the price on the new car - either 07 or 08 as close to invoice as you can get, below invoice if there is dealer money. You may be able to get one below invoice since there is a lot of holdback in a $35k car. Negotiate the lease terms separately only after you have gotten the price you can live with. Check sites like www.leasecompare.com to see if they can offer you a better rate and to make sure the dealer is giving you a fair deal. Negotiate the trade in last - you should be able to maybe get enough to cover the buyout on your current car if it is in great shape, but maybe not. If you deal down low on the new car they will want you to deal down low on the trade. Don't play payments - deal on the price, the lease terms, the dealer fees, and the trade and see where the payments fall once you know you have good deals in each part of the transaction. If you can live with the payments, then do the deal. Dennis |
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Probably the best time to negotiate is when the 08's start rolling onto the lots, right? When would that be? I got some internet prices - should i just use lease compare with the internet prices?
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