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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
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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) 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) 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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Replying to: 23109vc (Apr 06, 2007 7:54 am) Car_man Host Prices Paid Forum |
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Replying to: 23109vc (Apr 06, 2007 9:42 am) Car_man Host Prices Paid Forum |
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got a dealer to $5000 out of pocket at signing and $320/month for 36 months with 12k miles/year. all costs, tax, etc included in this. good or bad deal?
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Replying to: dwynne (Apr 06, 2007 11:08 am) I can't get over how easy the software is to use! I punched in the numbers into my Palm and compared that to LeaseCompare and it is a match so I now have confidence with the application. I'm still foggy on how you were able to help some of the other people posting their lease rates by working backwards, but maybe that will come to me once I've worked with the program a little bit. Again, thanks for the link and tool... this will be the best $10 I've spent.
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