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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 (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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Wow - it looks like leasing is not strong on the s2000 anymore. I just did the numbers on the leasecompare.
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Replying to: yinzer1 (Oct 06, 2007 3:22 pm) Once you have a good price, you get the lease numbers from the dealer - then compare them at leasecompare (get it, lease compare?) . If LC has a better deal, you can lease it through them - and they buy the car at your price from the dealer and lease it to you. On cars that have not trouble selling, like the 08 Accord (right now) and the new G37 from Infiniti the LC lease price is probably a big money saver. When sales are slow and the manufacturer has to offer special rates (like they did on the 07 Accord earlier this year and the Infiniti M34/M45) and normally no third party bank can touch. Dennis |
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Replying to: yinzer1 (Oct 06, 2007 3:29 pm) The S used to be a strong lease car due to high demand, low supply, and high resale value. They have been on the market for so long and there is a lot of competition so they don't hold value nearly the way they did - the result is a more expensive 3rd party lease. Honda is having a lot of trouble selling them and has lately not had many cheap leases. That seems strange, but if you think about it they want to sell the cars since if they lease you one cheap they are likely to get it back then have to sell it again. I am hoping they will get motivated to offer cheap leases again, but I keep watching and they don't have anything nearly as cheap as I got on my 2005. Dennis |
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Replying to: bvance (Oct 03, 2007 8:32 am) Having said this, given the $2,000 dealer cash that Honda is currently providing on the '07 S2000 you should be able to do better than $31,995 on one right now. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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