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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: rd1ofakind (Apr 06, 2007 1:32 pm) Deal the price down on the car, invoice less $2k or close to it. Then plug in the lease and see what that works out to. Compare that with leasecompare numbers for the same car and choose the one that works out the best. I heard back from one of my dealers and they will do $29,593 or $29,783 for the car with destination and dealer fee for me. The variance is due to a Honda price increase, some on their lot are invoiced higher and some lower. No where close to you, I am afraid. I probably can't get enough out of my 05 to do the upgrade at this point - but I am thinking on it  It probably will not be warm enough for top down driving there for another month or two anyway - so you might wait to see if they have a better LEASE deal. Then you don't have to try to hammer the dealers down so low on price. Keep in mind they make 3% of full MSRP as holdback, which on a $34.5k car is $1,035. So they could sell you a car near or at invoice less the $2,000 and still make a nice profit. It is possible some dealers have not heard about the $2k dealer money - it is not on Edmunds and was "just" announced I am told.
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Replying to: rd1ofakind (Apr 06, 2007 1:32 pm)
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Replying to: accelerator (Apr 06, 2007 1:50 pm) Accelerator, where do you live now?
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Replying to: dwynne (Apr 06, 2007 12:11 pm) I leased my 05 at invoice (not under, like they offer now) but due to the better money factor my payment is $100 or more less than the one they quoted you INCLUDING 7% sales tax and I did first month due at signing, IIRC.
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Replying to: rd1ofakind (Apr 06, 2007 2:01 pm)  I too, think I am going to wait it out a little longer (I'm also a little upside down on my current car so I really need to be patient. 
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Replying to: accelerator (Apr 06, 2007 2:02 pm) I don't have me lease contract and paperwork handy, but if I do remember right I only paid first month at signing, but may have done a sign a drive (since the rate was so low). With the much lower MF back then, even paying invoice for the car (compared to invoice - $2000) it ends up being cheaper than the current "deal". That said, getting the car so cheap even with a OK lease deal is not a bad deal - and you could always finance rather than lease. Only Honda knows what the future holds in deals, and they may not know since they will wait and see how the warmer weather or spring and the $2k dealer incentive improve sales. If they don't pick up, then you may see a cheap lease deal down the road. One thing to keep in mind - if they entice you to buy the car or 3rd party lease the car then they don't have to sell it again if you return it. If they have to make a cheap lease deal to move the cars, then they get a lot of them back in 3yrs and have to figure out how to sell them again. With the inflated residuals they use for the lease, they would likely have to discount them (or CPO them) to sell them. With the Accord cheap leases, no big deal since they retain value well and there is a STRONG used Accord market. The S2000 market is a lot smaller, not that it is not a great car, just not what a lot of folks want for the money. Dennis |
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Replying to: accelerator (Apr 06, 2007 2:10 pm) ? I can stand about 55 degrees with the top down, windows up, heat on and into the 90's top down, windows down, maybe A/C on. When it gets much colder or hotter I put the top up (or drive another car). Dennis |
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Replying to: dwynne (Apr 06, 2007 1:49 pm) 
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Replying to: rd1ofakind (Apr 11, 2007 9:11 am) On Magic 8 Ball, what do you see in my future? Magic 8 Ball's Response: "Ask Again Later"
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Replying to: accelerator (Apr 11, 2007 10:45 am) If I had to choose between not having an S2000 and paying the normal lease price, I guess I would pay up. While there is still a chance they will offer a sweeter deal, I would wait. Note: easy for me to say as I have an S2000 to drive Dennis |
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