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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

What is this discussion about? Honda S2000, Car Leasing, Convertible


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#184 of 270
Dennis by yinzer1
Oct 06, 2007 (3:22 pm)
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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?
#185 of 270
leasing by yinzer1
Oct 06, 2007 (3:29 pm)
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Wow - it looks like leasing is not strong on the s2000 anymore. I just did the numbers on the leasecompare.
#186 of 270
Re: Dennis [yinzer1] by dwynne
Oct 06, 2007 (9:02 pm)
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Replying to: yinzer1 (Oct 06, 2007 3:22 pm)

I would say if your dealer has left over 07s they should be dealing on them now. Hopefully Edmunds will show there is still dealer money on them.
 
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
#187 of 270
Re: leasing [yinzer1] by dwynne
Oct 06, 2007 (9:07 pm)
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Replying to: yinzer1 (Oct 06, 2007 3:29 pm)

Did you check the 07 or 08 numbers? Once the model year ends the rates go up on the "old" cars since they are now considered used to the lease bank.
 
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
#188 of 270
Re: 2007 S2000 Lease Payment [bvance] by Car_man HOST
Oct 08, 2007 (3:00 am)
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Replying to: bvance (Oct 03, 2007 8:32 am)

Hi bvance. Let's work up a lease payment on this car for you and see what we come up with. According to my calculations, if you were to lease a 2007 Honda S2000 that has an MSRP of $34,885 and a selling price of $31,995 through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $514 assuming that you qualify for its top credit tier and pay a security deposit at lease signing.
 
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
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Prices Paid: Buying & Leasing Experiences Forum
#189 of 270
Re: trading up? [yinzer1] by Car_man HOST
Oct 08, 2007 (3:07 am)
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Replying to: yinzer1 (Oct 06, 2007 2:01 pm)

Hi yinzer1. You really need to find out what selling price these leases are based upon because the monthly payments that you were quoted look a little high to me. The selling prices of leased vehicles are negotiable, just as if you you were paying cash for or financing them. Given the $2,000 dealer cash that is currently available on the 2007 S2000, I would not be surprised if you were able to negotiate a discount of $4,000 to $5,000 on one right now. Shop around for the lowest possible selling price that you can find and then have the dealer that you are working with calculate your lease payment using Honda Finance's current buy rate lease money factor of .00275 (for "Super Preferred" tier customers who pay a security deposit at lease signing.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#190 of 270
Better to Buy vs Lease by rd1ofakind
Oct 08, 2007 (7:05 am)
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Replying to: Car_man (Oct 08, 2007 3:07 am)

I was looking to lease my second S2K, but the leases are terrible now. So I ended up buying one last Thursday, got an '07 Silverstone and paid $29,000+ tax, alarm included. I have heard of deals a bit cheaper too in different states, I'm in CO. They still had the 2k incentives, and were advertising the car at 5k under msrp, so I negotiated a bit more.
 
If at all possible, I recommend buying an '07 right now, thats where the best deal can be found.
 
Robert
#191 of 270
Re: Better to Buy vs Lease [rd1ofakind] by accelerator
Oct 08, 2007 (1:15 pm)
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Replying to: rd1ofakind (Oct 08, 2007 7:05 am)

Robert,
 
Nice Job! I'd love to bring mine up there to the hills just outside of Manitou Springs... there are some twisties that would just be a blast in the S! If you get a chance to head up that way, hit the VTech in the canyon once, just for me!
#192 of 270
Re: Better to Buy vs Lease [rd1ofakind] by Car_man HOST
Oct 09, 2007 (1:13 am)
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Replying to: rd1ofakind (Oct 08, 2007 7:05 am)

Congratulations on your new S2000, Robert. Get out there and enjoy it before it gets too cold . Thanks for taking the time to stop in and let us know how everything turned out. Make sure to stop by the new Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#193 of 270
Re: Better to Buy vs Lease [rd1ofakind] by mehman
Oct 19, 2007 (11:31 am)
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Replying to: rd1ofakind (Oct 08, 2007 7:05 am)

Lease on S2000 is really horrible. Honda tries hard to sell it instead of giving it for lease, they don't want to buy back this car after lease. It is really great car. I got the lowest possible quote on this car: $28,000 including destination. Now waiting for dealer to give really good rate for financing this car. If anybody interested in NJ let me know. They still one more left in red. I am getting in yellow.

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