Last post on Dec 01, 2008 at 5:20 AM
You are in the Honda S2000
What is this discussion about?
Honda S2000, Car Leasing, Convertible
Dec 14, 2005 (9:18 am)
We are a small business we are planning to buy or lease a car soon. Do you have the pros and cons of the two choices? Shirlgurl1
Dec 14, 2005 (9:20 am)
We are a small business we are planning to buy or lease a car soon. Do you have the pros and cons of the two choices? Are there any companies with more than 12000 miles with a lease? shirlgurl1
#23 of 270 Should I take a chance? godot1066
Dec 14, 2005 (3:20 pm)
My dealer has an 05 S2K that he supposedly "really wants to sell." I drive a lot and the deal is 18,000 miles per on a 3 year lease with no money down for $500.00 per. He started at $536.00 and is using invoice on paper as the starting point. Is it a deal?
#24 of 270 Lease almost up
Dec 28, 2005 (9:07 am)
I leased an '03 for 4 years and the lease will be up in July of '07. I'm thinking of buying the car even though I've had an accident in it and even though I don't use it that much, 11k in 3 years. I just love the car and have never enjoyed driving one so much. I'm been trying to research how to best negotiate with American Honda and not get ripped off again. My residual is 19+. Any major pitfalls I should be on the lookout for when the time comes?
#25 of 270 Re: lease or buy [shirlgurl1]
Jan 09, 2006 (2:59 am)
Hi shirlgurl1. There are tons of banks out there that lease vehicles with more than 12,000 miles per year. In fact, most banks base their residual values for leases on 15,000 miles per year. If you want to drive a Honda more than 15,000 miles per year, you will have to purchase additional miles on a per mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
I am not an accountant, so I hesitate to comment on the pros and cons of leasing for your specific business. You should consult your accountant to find out what the best way to finance your new vehicles is tax-wise.
Smart Shopper / Prices Paid Forums
#26 of 270 Re: Should I take a chance? godot1066 [godot1066]
Jan 09, 2006 (3:02 am)
Hi godot1066. If you are getting this car for dealer invoice, you are getting a decent deal. The dealer isn't doing you any special favor though. They are still making the $750 dealer cash that Honda is providing on the '05 S2000 on a leftover convertible in the middle of winter. I would be happy to give you my opinion on the lease payment that you were quoted, however in order for me to do so I need you to tell me this car's full MSRP and exact selling price.
Smart Shopper / Prices Paid Forums
#27 of 270 Re: Should I take a chance? godot1066 [godot1066]
Feb 21, 2006 (1:47 pm)
500 BUCKS A MONTH TO LEASE?
Just for comparison, I BOUGHT my S2k for 28k and my payments are almost the same... You should be able to pick an 05' leftover for about 29k and have your payments be around $500 - 550 per month (60 months) to BUY it.
#28 of 270 Need help with 2006 lease
Mar 24, 2006 (1:05 pm)
Hi all, I'm gonna try my best to lease a 2006 s2000 this weekend, and I need your help with some lease figures. Is this quote the going rate these days? Or can i get better?
Sale price: $500 below invoice (invoice is $31,183)
Money factor: .00265
Down payment: $2,000
Monthly Payment = $426 + tax
I would preferrably like to pay $0 down and low $400's a month, but it doesn't seem like this is possible.
Also, the $426 after computing these numbers doesn't seem right for some reason.
Can you help me out? Btw im located in SoCal
#29 of 270 Re: Need help with 2006 lease [richsta]
Apr 02, 2006 (10:38 pm)
You are correct in thinking the $426 number is wrong. Plugging in the numbers given above yields a payment of $385. Dropping the 2K down payment brings it up to $445.
Jun 20, 2006 (8:42 pm)
So my younger brother goes out to lease a S2000 excited about their $299/month $3,693 total due at signing promotion. He was so excited that he signed the papers for $0 down, $445 a month (including NY tax and all that) right there after inquiring about no money down option. He calls me up and asks me to help him pick the car up tomorrow and told me about his "wonderful" deal. However, after reading this forum, it doesn't seem that way. So basically he signed the lease papers and is supposed to pick the car up tomorrow.
My question is, is there any way to "return" the car since he didn't drive it off the lot yet? Someone told me there is a 24 hour or 3 day return law (i live in NY if state laws matter). I just want to be able to negotiate a better price for him.