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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 (Jan 14, 2008 4:50 pm) I learned that with my MDX. I had plenty of dealers refuse to deal via the phone or internet and insisted I "come down and then I will give you a great deal". I politely told them I had a great deal in writing from dealer X, and I'd like them to beat it to earn my business and fax me the deal in writing. Some played and faxed the offer, but many gave me "you have to come down" line. One guy was upfront. he said "you probably aren't in my immediate area, and you're just using me to drive down the price, then you'll take my offer to some other dealer, and they will get your business". that's almost exactly what he said. he was sort of right..but i guess they get enough guys like us that some of them get fed up with it. oh well, that's their job - to make offers, and try to sell cars. some just want some sucker to come ont he lot and tell them "how much they have to have this car". I'm sold on the s2k. i just need to finish selling my wife on it.  she's not 100% thrilled at the idea of me getting a two seater. I think she assumes that I'll drive off into the sunset and not come home all day - and leave here home with the kids. I just want something cool to drive to/from work so each day I get a sports car "fix".
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Just wondering. Several folks were talking about it when the new deals showed up, but I didn't see anyone post that they pull the trigger on a lease deal. I talked to the dealer we just leased our Pilot through (super deal) and they would lease me the new S for $500 under invoice (IIRC) but would only allow $17.5k to $19k trade on my 05. So I will have to wait for my 05 lease to end and see there are any good deals at that time, or just sell my S retail, or do as I had originally planned and buy my S at lease end. Dennis |
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Replying to: 23109vc (Jan 14, 2008 10:52 pm)
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Replying to: accelerator (Jan 31, 2008 1:37 pm)  ? She does not care for driving it, but if the weather is nice she is always willing to go for a ride. Though it is smaller inside and trunk space, she likes it more than the C5 'vette I had and for sure better than the Miata M. Dennis |
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i saw on another board that this past friday, Honda bumped up the dealer cash incentives on some models. not sure which ones. did the s2000 get more cash behind it to sweeten the deals?
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Replying to: 23109vc (Feb 11, 2008 10:30 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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is up. Not much change. The MF is down to 0.00035 (from 0.00054) but the residual has dropped 1% to 55% from 56%. The net effect is the "special" pre-figured lease is the same as last month. $2,500 and signing gets you $349 per month - plus taxes, etc. Just like before, the deal as figured is OK but you can negotiate the price of the car down and you certainly do not have to put down $2,500. Once you have a nice price, then roll everything into the lease except maybe first payment and see how it looks. Don't sink your money into a lease at 0.84% effective financing - keep your money in the bank and use Honda's cheap money. So what if the payment is higher? You are still driving and S on the cheap . Now if Honda would put some dealer money on these on TOP of the cheap lease, then we would have something. Dennis
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Replying to: dwynne (Mar 04, 2008 7:24 pm)
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Replying to: 23109vc (Apr 03, 2008 10:26 pm) . If you are just looking for a sunny day car that will not see a lot of miles, then you might be OK. If you are looking for a daily drive that you will have to depend on and maintain then the "total cost of ownership" for any Porsche is something to consider. BTW, it looks like for April the S2000 lease deal is carried on the same as it was. Pretty nice, but they have had better deals (but not in a while). Dennis |
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Vehicle: 2008 Honda S2000 in New Formula Red and black leather Options: none MSRP: $34,935 Invoice: $31,689 My price for the car, destination, and dealer fee: $30,247.37 Acquisition Fee: $595 Final Cap Cost: $30,842.37 Lease term: 36 months Allowed Miles: 12k per year Residual: $18,864.49 (54%) Money Factor: 0.00073 Security Deposit: Waived Base Payment: $369.00 With State Tax: $394.84 Amount paid at signing: first payment and $83 in tax Note that there is a $1,000 dealer incentive for AHFC leased S2000s that is not available if you purchase the car. They do offer 0.9% to 2.9% financing, but the lease is at 1.752% effective interest and the $1k incentive wipes out the $595 bank fee and lowers the price $405 (in effect) so I think you would be nuts to buy the car . The lease deal shown on the Honda web page runs from 5/1 to 7/7 so I assume the MF and residual will be the same through that time. Dennis
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