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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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#254 of 270
Re: [aramism] by waynetek
Aug 24, 2008 (11:44 pm)
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Replying to: aramism (Aug 24, 2008 9:32 pm)

to qualify for this fantastic lease rate, will a FICO of 680 do? Or do i need something higher?
#255 of 270
Re: [waynetek] by aramism
Aug 25, 2008 (6:02 am)
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Replying to: waynetek (Aug 24, 2008 11:44 pm)

not sure someone else can hopefully answer that. i don't even know if the lease programs are gonna be there in sept, that is my main concern. however, even with 680, if they bring the programs back you should be ok
#256 of 270
Re: [aramism] by waynetek
Aug 29, 2008 (12:43 am)
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Replying to: aramism (Aug 25, 2008 6:02 am)

thanks.
 
well, i just got a message from a dealer stating this price:
 
$29,889 + tax & lic
 
I might just jump on this..
#257 of 270
Re: [waynetek] by aramism
Aug 29, 2008 (10:15 am)
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Replying to: waynetek (Aug 29, 2008 12:43 am)

lease or buy?
#258 of 270
Re: [waynetek] by Car_man HOST
Sep 02, 2008 (1:45 am)
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Replying to: waynetek (Aug 24, 2008 11:44 pm)

Hi waynetek. Honda is not currently providing any lease support on the 2008 S2000. Through September 2nd, consumers who want to lease this car through Honda Finance will have to use its standard lease money factor. It is currently .00270 for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The last time that I checked, consumers needed a credit score of 710+ to qualify for the Super Preferred tier. A score of 680 would fall in Honda Finance's "Preferred" tier, which would have higher money factors.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#259 of 270
Re: [Car_man] by aramism
Sep 02, 2008 (7:07 am)
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Replying to: Car_man (Sep 02, 2008 1:45 am)

well i hope it changes this month cuz i wanna get one!
 
what about other banks for leases?
#260 of 270
sept deals by aramism
Sep 05, 2008 (12:30 pm)
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ok well this is the deal that a few dealers told me.
 
looks like the 42 month lease give you the best stuff .00625 on the MF
 
47% residual
 
and he is claiming that they are getting $2500 cash back on the car for a lease. so it turns out a payment of like 450 or so for a 42 month lease with the taxes paid up front considering you are getting $2500 under invoice.
 
i'm a little hesitant to pull the trigger considering a few months ago you could get this car for like $400 a month with taxes and fees rolled in only paying first months out of pocket. not much of a bargain. with everything rolled in you are talking like $500 or so a month which is so stupid for a 35k car with a shit residual. not cost effective at all considering the 335i sport bmw sedan is like around the same thing and it rips the s2k apart on the road.
 
i just always liked the natural driving of the s2000 and the convertible and the look. the bmws are played out however the superior lease rates really make me think twice about this. i have till december to decide and am wondering whether i should roll the dice and see what oct/nov hold for the s2k. the residual isn't getting any better and the cash back may not be there but the money factor i would like to see go down. 270 with tip top credit is rediculous on a 34,000 msrp car.
#261 of 270
Re: sept deals [aramism] by bonvivant
Sep 05, 2008 (1:29 pm)
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Replying to: aramism (Sep 05, 2008 12:30 pm)

Aramism,
 
I can't follow your lease numbers. With a money factor of .00625 we're talking 15% interest rate (.00625 X 2400 = 15).
 
Can you clarify?
#262 of 270
Re: sept deals [bonvivant] by aramism
Sep 05, 2008 (6:45 pm)
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Replying to: bonvivant (Sep 05, 2008 1:29 pm)

hey sorry big typo.
 
meant .00265
 
oops lol
 
please note change
#263 of 270
Re: [aramism] by Car_man HOST
Sep 08, 2008 (3:07 am)
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Replying to: aramism (Sep 02, 2008 7:07 am)

Hi aramism. Honda did not introduce lease support on the 2008 S2000 in September. However it did introduce a new $2,500 dealer cash incentive on it . That should help you get a much better deal than was possible in August.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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