I am leasing - for me it is going to work out better $$ than any financing I explored & I explored many combinations - I have gotten an amazing finance deal on MY04 - the manager of the dealership quoted me a price - the owner of the dealership came in the day I was there to close the deal - apparently there was an error in the manager's calculations and the owner said the dealership would honor the quote - now I don't think they're losing anything but I am very satisfied with every thing I've looked at to get into an S2000.

I am paying 373/mos for 48 months .... 0 down and first month 300 security and 227 docs to drive away. (The selling price of the car on the lease is 29995) That totals 17933 at the end of 4 years. The residual on the car is 53% of 33060 or 17521 - if I buy the car at the end of the lease it will cost me 35454.

To buy the car with financing - I was quoted a purchase price of 30500 - at an estimated interest rate of 4.9 - with 10K down the payments for 60 months were 454 - total at the end of 5 years 37240. With 15K down - 335 month - 60 months - total 35100. I looked at several--->many other options for buying and nothing in this case beat the lease option.

Yes I'm locked in for 4 years. I'm paying $354 more in total than the 15K down option - but I'll have the 15K in the bank (or available for mods?) for the 4 years prior to the buy out and if I choose to I don't have to buy.

If this helps great if not it was an exercise in clarity for me.

by the way - I chose the Berlina Black over the Suzuka and I'll be picking it up sometime this coming week.

 

Good luck, Nate. Order your waxes/polishes now so you'll be ready to protect your Berlina when you get it. Black is beautiful, but you have to take care of it.

Post pix when you get it!

 

thats gotta be worth $70/month..

IMHO the REAL questions is 8k rpm or 9? go with the engine that appeals to you...

 

[QUOTE]Originally posted by Nate03
I am leasing - for me it is going to work out better $$ than any financing I explored & I explored many combinations - I have gotten an amazing finance deal on MY04 - the manager of the dealership quoted me a price - the owner of the dealership came in the day I was there to close the deal -

 

how long is this lease to own plan? Keep in mind you may have to pay the remaining tax on the residual value depending on how the lease is structured. Leasing is a great way to get an expensive car for a cheap monthly payment and is the smart move b/c you are leasing a depreciating asset. Yea some folks will buy the S b/c they want to keep it in hopes that it may appreciate, but let's face...most cars don't. Good luck.

 

....if I knew there was a clock on the dash I would never have signed on...


yes... the deal I'm doing is a Honda lease. That (17521) is the residual - the value is 53% of 33060 at 4 years.

and yes again - I will have to pay the sales tax on the residual at the end of 4 years when/if I choose to buy it. Again that's money that I have to use as I please while I enjoy the car.

Seems all good to me. Now if only I had more money in general.

 

[QUOTE]Originally posted by 2002S2K

 

You need the '04, or even better the '04 and 1/2. The '04 and 1/2 has an even more advanced clock that automatically adjusts for daylight savings time and for time zone. That's the one for you.

 

Sorry Nate, but gotta call Bullshit on those lease numbers.....

The only way you would get those payments is with a higher residual or a zero percent Lease, which Honda is not offering....

 

Didn't he say they'd made a mistake and got to take advantage of it? Good for him.