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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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#94 of 270
Re: Getting a lease quote right now [rd1ofakind] by accelerator
Apr 06, 2007 (1:50 pm)
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Replying to: rd1ofakind (Apr 06, 2007 1:32 pm)

Is there a Honda dealer over in Motor City (Manitou Springs area)? I test drove an Acura Integra GS-R a few years back from the Acura dealership. During our test drive, he directed me to some of the mountain roads... What a blast. I can't imagine how much fun that would be in an S. I don't live in Black Forest anymore but I sure do miss it.
#95 of 270
Re: Getting a lease quote right now [accelerator] by rd1ofakind
Apr 06, 2007 (2:01 pm)
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Replying to: accelerator (Apr 06, 2007 1:50 pm)

Yea we have some sweet mountain roads out here. Theres only one dealer in the Colorado Springs/Manitou area. So far I've talked to the Springs and Pueblo dealers, may have to try Denver area or like Dennis said, wait it out and see if theres something better in a couple months.
 
Accelerator, where do you live now?
#96 of 270
Re: Getting a lease quote right now [dwynne] by accelerator
Apr 06, 2007 (2:02 pm)
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Replying to: dwynne (Apr 06, 2007 12:11 pm)

What is IIRC as you mentioned here:
 
  
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.
#97 of 270
Re: Getting a lease quote right now [rd1ofakind] by accelerator
Apr 06, 2007 (2:10 pm)
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Replying to: rd1ofakind (Apr 06, 2007 2:01 pm)

I'm in the Houston, TX area... boring, flat, smelly, did I mention flat?
 
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.
#98 of 270
Re: Getting a lease quote right now [accelerator] by dwynne
Apr 07, 2007 (11:35 am)
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Replying to: accelerator (Apr 06, 2007 2:02 pm)

IIRC = If I remember correctly
 
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
#99 of 270
Re: Getting a lease quote right now [accelerator] by dwynne
Apr 07, 2007 (11:38 am)
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Replying to: accelerator (Apr 06, 2007 2:10 pm)

In Texas the top down season comes early - and takes a break during the summer, doesn't it ? 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
#100 of 270
Re: Getting a lease quote right now [dwynne] by rd1ofakind
Apr 11, 2007 (9:11 am)
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Replying to: dwynne (Apr 06, 2007 1:49 pm)

For all the people on here like myself that were waiting for a lease special, I have to agree with Dennis that the current lease ( I wont call it a special because its not) is not a good deal, and I have decided to wait it out some more. Whats interesting is if you look on Honda's website under current offers, you will see the other leases are called "special lease" while the S2000 lease offer is called "standard lease". That speaks volumes, I will wait for a "special lease" like they have had in the past and hope it comes around sometime this year. So for now, I'll continue to enjoy my '06 TL w/Navi.
#101 of 270
Re: Getting a lease quote right now [rd1ofakind] by accelerator
Apr 11, 2007 (10:45 am)
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Replying to: rd1ofakind (Apr 11, 2007 9:11 am)

I am so on the fence. I see the colors I want disappearing from the dealership lots so I'm nervous about waiting. On Magic 8 Ball, what do you see in my future?
 
Magic 8 Ball's Response: "Ask Again Later"
#102 of 270
Re: Getting a lease quote right now [accelerator] by dwynne
Apr 12, 2007 (2:01 pm)
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Replying to: accelerator (Apr 11, 2007 10:45 am)

It can be a tough call, but I would say be ready to go if (or when) the deal comes out - be the first one make a deal and get a deposit down on the color you want. This is supposed to be the last model year for the S, so I would assume production will end in the next few months and dealers will be getting in the last they will get in the weeks after that.
 
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
#103 of 270
Re: New lease incentive on S2000 on Honda website [23109vc] by Car_man HOST
Apr 13, 2007 (2:30 am)
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Replying to: 23109vc (Apr 06, 2007 7:54 am)

Hi 23109vc. Honda is still not providing any special lease money factors on the S2000. The reason why it started advertising a lease on this car is in April it introduced $2,000 dealer cash on it. You can use this cash to help you negotiate an attractive capitalized cost for your lease, but you will still have to use Honda Finance's standard lease money factors to calculate your monthly payment. The specific money factor that was used to calculate the advertised payment that you are referring to is .00280. This factor is for consumers who qualify for its "Super Preferred" credit tier.
 
Car_man
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