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Honda S2000 Lease Questions

270 messages,  Last post on Dec 01, 2008 at 6:20 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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#188 of 270
Re: 2007 S2000 Lease Payment [bvance] by Car_man HOST
Oct 08, 2007 (4:00 am)
Reply

Replying to: bvance (Oct 03, 2007 9:32 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
Host
Prices Paid: Buying & Leasing Experiences Forum
#189 of 270
Re: trading up? [yinzer1] by Car_man HOST
Oct 08, 2007 (4:07 am)
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Replying to: yinzer1 (Oct 06, 2007 3:01 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 (8:05 am)
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Replying to: Car_man (Oct 08, 2007 4:07 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 (2:15 pm)
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Replying to: rd1ofakind (Oct 08, 2007 8:05 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 (2:13 am)
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Replying to: rd1ofakind (Oct 08, 2007 8:05 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
Host
Prices Paid: Buying & Leasing Experiences Forum
#193 of 270
Re: Better to Buy vs Lease [rd1ofakind] by mehman
Oct 19, 2007 (12:31 pm)
Reply

Replying to: rd1ofakind (Oct 08, 2007 8:05 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.
#194 of 270
Re: Better to Buy vs Lease [mehman] by accelerator
Oct 19, 2007 (12:38 pm)
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Replying to: mehman (Oct 19, 2007 12:31 pm)

Yellow is the fastest color! I got mine in yellow, too! Congrats on the great price! Keep us posted on the developments...
#195 of 270
Re: Better to Buy vs Lease [mehman] by dwynne
Oct 19, 2007 (8:28 pm)
Reply

Replying to: mehman (Oct 19, 2007 12:31 pm)

I have a nice, cheap lease on my 05 S. I keep waiting and hoping Honda will bring back a cheap lease sometime before my lease is up - if they do I will probably upgrade to a new S. As it is, I would probably just buy mine at lease end and not get a newer S due to the unfavorable current lease rates.
 
I am on my 2nd NFR S, I love the color - but I DID consider yellow but just could not pull the trigger on it .
 
Dennis
#196 of 270
2008 S2000 lease deal by cicilbri
Jan 10, 2008 (3:33 pm)
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Hi everyone, I was wondering if some one can help me with getting a great lease deal on a 08' S2000. I have a quote of $32,300 for the car 36mon. 12k miles and $2,900 total drive offs. $339 + tax of $26.27 = $365.27 a month. money factor is .00054 and residual is 56% $19,570. I am in San diego, Ca. tax is 7.75%. Any help would be much appriciated. Thank you, cicilbri
#197 of 270
Re: 2008 S2000 lease deal [cicilbri] by 23109vc
Jan 11, 2008 (3:31 pm)
Reply

Replying to: cicilbri (Jan 10, 2008 3:33 pm)

that seems pretty low! I called a local dealer just a week or so ago and he claimed that with minimum drive offs I'd be OVER $500/month to lease.
 
is this a new lease special?

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