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
#249 of 270 Re: [23109vc]
Jul 19, 2008 (7:29 am)
I love how they say "$7k off MSRP" to make it sound like a huge savings. There is about $3,200 in difference between invoice and MSRP, so the price is really $3,800 under invoice. Many dealers will deal down into hold back to sell an S, so figure that the old car would be about $3,300 cheaper than a new 08 should be.
The Edmunds incentives page shows $1k in dealer cash on the 08 if you do AHFC financing and they show rates at 0.9% to 36 months and 2.9% for 60 months. So that should make the 08 now $2,300 more than the left over 07 and less the interest you would have to pay for the loan - higher (used car rate?) for the 07 VS the cheap promo rate.
Down the road, the 08 will always be worth more money than the 07 but the difference gets less as the years go by. I would run the numbers on the 08 with the $1k dealer money and cheap rate VS the 07 with whatever your best rate is and see how it stacks up. If I was not going to save a good bit of money on the 07 I would get an 08, I guess.
Note that for 08 they revised the gauges (no big deal) and they also retuned the suspension for more "high speed stability". My 08 is still new, but I am thinking so far that this change is a bad thing. I did test drive other 08s and mine before I did the deal, but not at 9/10 speed in corners. Now my favorite clover-leaf on ramps that used to be no problem at 40 (not even near the limit) seem to be a challenge for the new car. It is early days for my car though and the 05 I had was wearing 3 to 4 32" tread on the rear tires. So as I get the new car more broken in things may improve. If they don't, I may have to look to see what is involved in "un-retuning" the suspension. But that is just me, it might be no problem for others or be preferable. I have had 3 S2000s now and the 01 was way tail happy and the 05 much less so and the 08 is tuned for more understeer or the tires have less grip (right now) or both.
Jul 19, 2008 (12:41 pm)
FWIW, the following admittedly are paper abstract specs, but looking at them, I'd suspect your 08 shold be fine with some tire and chassis break-in.
The 08 vs 07 chassis specs changed like this:
Front springs stiffer by 7%
Rear springs stiffer by 9%
Front damping rate >10%
Rear damping rate > 5%
Front stabilizer > to 27.2 x t5.3 from 26.5 x t4.5
Rear Stabilizer unchanged at 25.4 x t4.5
The 08 is 9 lbs. heavier, likely due to slight changes in seats (increase in seat back height)
Jul 19, 2008 (1:49 pm)
so an 08 is stiffer than an 07?
Jul 21, 2008 (11:27 am)
Yes, according to the specs. The seat of the pants experience can't be much different from previous models from what Dennis has said. The goal appears to have been increased stabilty at speed.
Aug 24, 2008 (9:32 pm)
(im)patiently waiting for september in hopes that they bring back some sort of lease program because i need something in the next few months so if things don't change for this car lease wise i'll be forced to get something else. anyone that has any info or advanced info please keep us updated. i wish i was in a position to get this car in june when the rate was dirt cheap. ugh.
#254 of 270 Re: [aramism]
Aug 24, 2008 (11:44 pm)
to qualify for this fantastic lease rate, will a FICO of 680 do? Or do i need something higher?
#255 of 270 Re: [waynetek]
Aug 25, 2008 (6:02 am)
not sure someone else can hopefully answer that. i don't even know if the lease programs are gonna be there in sept, that is my main concern. however, even with 680, if they bring the programs back you should be ok
#256 of 270 Re: [aramism]
Aug 29, 2008 (12:43 am)
well, i just got a message from a dealer stating this price:
$29,889 + tax & lic
I might just jump on this..
#257 of 270 Re: [waynetek]
Aug 29, 2008 (10:15 am)
lease or buy?
Sep 02, 2008 (1:45 am)
Hi waynetek. Honda is not currently providing any lease support on the 2008 S2000. Through September 2nd, consumers who want to lease this car through Honda Finance will have to use its standard lease money factor. It is currently .00270 for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The last time that I checked, consumers needed a credit score of 710+ to qualify for the Super Preferred tier. A score of 680 would fall in Honda Finance's "Preferred" tier, which would have higher money factors.
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