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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: 23109vc (Jun 08, 2008 9:38 am) I posed the residual and the money factory, you should concentrate on negotiating the lowest possible selling price on the car. Keep in mind the $1k dealer lease incentive. Once you have that, you plug that number into a lease calc and work out your payments. The boxster is a nice car, the boxster s is a VERY nice car - but a whole lot more money than an S. Yes a used example is cheaper but would probably still be about as much as a new S. Get a used S, and things really start to get inexpensive. My 05 could be had for maybe $21,500 for example  . The newer car has different seats, drive by wire throttle, stability control, and several other changes but it basically drives and feels the same to me - just newer. Dennis
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Replying to: dwynne (Jun 09, 2008 3:44 am) 
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Dennis- your deal sounds pretty good. I'm really thinking about doing another test drive. the pricing right now is very attractive. I'm basically torn between the boxster or boxster S and the S2k. the boxster is the car i honestly like better - but to get a NEW boxster would be way way way out of my price range. I'd be looking at 2000-2002 models at most...and buying a used one in the 20k range. I've seen nice base AND S models in that price range with 30-50k on the car and some with extended warranties that would buy me a couple years of peace of mind. the big downside to the porsche is that it's got to be more expensive to keep running. I could basically get a NEW S2k and have a payment of about $400/mnth with no out of pocket money. for a used porsche to have that total cost of ownershp...I'd probably have to stick with a used, higher mileage car... the one apples/orange part of the comparo though, is that if I bought a used boxster, at the end of the loan term, say I went 4-6 years - i coudl keep the payment low by stretching it out a while, and at the end of the term, id' own it. say I did a 4 year loan on a car that cost me $20k and had roughly 50k on the car. assuming 10-12k/year driving - the car would have 90-100k on it at the end of the loan, and i honestly don't know what it woudl be worth then, but i'm guessing in the 10-12k range or so. so say it's wroth 10k....i'd spend 20-23k in total cost + financing fees, plus say another 4-5k in repairs/mainteneance...which puts my total cost at 28k worst case scenario...minus the 10k ti's wroth when the loan is over and my net cost is 18k. the S2000 is less than that - and while it's "not a porsche", i'd have ZERO reliability/repair issues and my only "job" woudl be to make my payment, and drive the stink out of the car and enjoy it. it's very hard to compare loans to leases. I guess I always could consider a used S2k...like an 05 or 06 and try to get a sweet one for artound 20k. then i coudl do an apples/apples comparo to the boxster... you know the s2k will cost me less to maintain. not sure which would have a better residual in 4-5 years. for 20k i'd be getting a slightly newer lower mileage s2k....for sure. 05 or 06 model vs a 00-02 model porsche. both cars have their pros/cons. my heart wants the boxster but my pocketbook likes the s2k.
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Replying to: 23109vc (Jun 11, 2008 4:27 pm) Check insurance rates as well, a used boxster may cost more to insure than even a new S2000. As a point of reference, my 05 S2000 with 12k on it and a 7 yr (4 left), 75k, $0 deductible HondaCare warranty on it would be about $21.5k or a bit less as it sits. Like I said before, the boxster is a nice car and the s is a great car but they are a lot of money new or used and when they break . Dennis |
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Replying to: 23109vc (Jun 11, 2008 4:27 pm) The eternal dilemma.. In my experience, buying a used Porsche will only save you on depreciation.. it will be as expensive to maintain as a new one (or more), and then you have the repair issues.. Even a used Boxster in the $20K-$25K range will be more expensive over 3 years than the S2000 lease.. The usual advice on buying used Porsches is to get the newest, lowest mileage model that you can afford, as that will be cheaper in the long run.. I think that is telling advice about how expensive owning a Porsche can be.. But, no point in dropping over $400/mo. on an S2000, if you regret it every time you see a Boxster drive by.. regards, kyfdx (done the Porsche thing)
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Replying to: kyfdx (Jun 12, 2008 3:48 am) i drove the s2000 twice. once with the top up and once with the top down. the top down trip - was a much longer test drive, on twisty roads,a nd i absolutely loved it. the only thing i HATE is the tach. that digital thing is so nasty. the boxster has a nice huge center tach which i like. i'll keep you all posted!! |
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when I first started looking at a small sporty car, I was really drawn to the RX8. i looked at both the rx8 and s2k. each has pros/cons. i would have liked either car - the s2k for being more performance for themoney and top down fun. the rx8 had more practicality/usability and was more comfortable. the only rx8s i liked were more heavily optioned and at that price level the s2k was a better buy. now mazda has released the 09s and they have an r3 trim level. stiffer suspension, cool body kit, awesome seats... differetn rear end ratio on all new 8s supposedly make it quicker off the line and accelerate better at lower speeds. i have yet to test drvie one, but with this newer suspension, i wonder fi the new rx8 will have that "soft" feeling gone and feel more like the s2k - stiff and sportier feeling. the new r3 version looks very cool too. anyone test drive the r3 yet and compare it to an s2k?
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Replying to: 23109vc (Jun 20, 2008 9:32 am) Now, pardon me while I go look at the '09 RX8 to see what exactly you are talking about! I'll have to see it in person but not too bad. 
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i wonder if it makes more sense to do the lease of a new 08 or find a leftover 07? i would think an 07 could be had for 28k or so...at most. mylocal dealer said they woudl sell their leftover 07s for 28k and that was just off the phone. if i was there, willing to sign up and take it away, they might go even lower. how cheap can you buy an 07 for now? would it make more financial sense to buy at the cheaper price for an 07 or lease an 08? even wiht a great APR, I would think the monthly payment for a purchase is goig n to be quite a bit higher unless you do some sort of crazy long payment plan... i think the lease is the way to go. anyone disagree? i would assume the cost of a 36 month least, double it and then compare that to financing the 07 over 72 months. although hard to say you could lease the same car for the same price in 3 years. but to make an apples/apples comparison in terms of total costs... i would think that the lease would be better as the monthly payment on a 6 year loan woudl be close to the lease payments...and the lease would never really need much repairs..while the s2k will start costing to repair in years 4-5-6. although in the end of the loan you own something, vs own nothign on the lease. anyone care to figure that one out??
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