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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: kurtosis (Jun 20, 2006 8:42 pm) Car_man Host Prices Paid Forums
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Replying to: Car_man (Jul 05, 2006 2:23 am) My question is, is that too good of a deal to walk away from? Or has anyone heard of these cars actually selling for below invoice, since they are in the last year of a 7 year model run.
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Replying to: tac379 (Jul 24, 2006 8:06 pm) Car_man Host Prices Paid Forum |
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I am ready to lease an '07 S2000. The dealer has quoted a purchase price of $30,838 (Edmunds shows this as invoice) plus $595 Destination - total 31,433. His quote on a 36mo lease with 12k miles per year is 508 (plus tax). DMV is only payment at signing. Can you help me evaluate this offer?
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Replying to: gdr1 (Jan 11, 2007 11:53 am) Car_man Host Prices Paid Forum |
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Replying to: Car_man (Jan 13, 2007 6:12 pm) |
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Replying to: gdr1 (Jan 14, 2007 7:16 am) I really would like an S2000 but will be the first to admit it is at the top end of my price range with the #'s that I am currently seeing... That being said i do not mind a lightly used car that would afford some better lease payments...Additionally, Swapalease has had some attractive #'s in the 380's that are in my price range, but anything in the high 4's with money down is way too high, and those are the #'s i am seeing right now... Swap a lease is difficult and i havent had much response on their wiht people who are posting their cars (seems very odd to me). Anyway, the purpose of this message is to see if it u think it is possible to negotiate low 400-low 4's on a lease, or if i could get an 04' or newer on a buy or a lease for 380-420... My research thus far has concluded that other than swapalease this is not really possible... Please let me know what ideas you have for someone in my position (if any). Thanks
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Replying to: ysg3 (Jan 17, 2007 11:16 am) You can lease a used car as long as it is within a few years of new. It will have to be inspected first ($100 or so fee) and may make the payments where you can live with them. You can find your own car, make your best deal, then do the lease via www.leasecompare.com . You can go there now to get lease quotes and see payments. Note that while the cap cost will be less with a used S, the money factor will be a lot more than the Honda promo rate - so your payment may not be that much lower. Also note that they usually list the base rental on the swap/trade lease sites and in most states you have to add sales tax to the payment. So a $350 a month lease may be $374.50 per month if you live in a 7% tax state. Dennis |
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Replying to: gdr1 (Jan 14, 2007 7:16 am)  . Car_man Host Prices Paid Forum |
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Replying to: ysg3 (Jan 17, 2007 11:16 am) I'm not sure what the lease payment on an S2000 would be like right now off of the top of my head. Let's crunch some numbers and find out. According to my calculations, if you were to lease a 2007 Honda S2000 that has an MSRP of $34,845 and a selling price of $31,933 ($500 over invoice) through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $469. The payment for otherwise identical 39 and 48 month leases would be around $460 and $431. Unfortunately, once sales tax is added in, you are going to be well over $400 per month for all of these terms. Car_man Host Prices Paid Forum |
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