fusionchicken

Hi all,

I will be leasing an 06 s2000, as it will be benefitial to my business for tax write off purposes. Ive already searched and read all the threads on this wonderful forum about leasing s2k's and just vehicles in general. But I couldn't find a thread that answer my specific questions.

I got a calculation from www.hondacars.com. If I want monthly payments just a bit over $400 (which I do), I will need 48 months of lease (which I don't mind) as well as around $3,000 of downpayment (don't mind).

1) I just want to ask those with some experience on this forum, if there's any way around that? eg. 0 down and still around $400/month.

2) I'm not really sure, but what kind of negotiations do I need to make with the sales when it comes to leasing? Does lowering the overall price of the vehical help in any way? What is there to discuss when it comes to lowering the monthly payments?

3) I will either be trading in or selling privately my current car, a 2000 GSR with almost 70k miles. From what I understand, if I trade in the GSR for, let's just assume here, $10,000 (dealer said it's possible due to the condition of the GSR), does the entire $10,000 become my downpayment for the s2000? Is it possible for me to only put down, say, $3,000, then have them give me $7,000 back in cash? I've gotten answers via searching on this forum and other car forums on this topic on both possibilities, so I'm not sure about which possibility is correct, though I'm hoping for the latter.

4) The sales said "you will not lose money leasing Honda cars" (as opposed to purchasing the car). Is this true? I'm planning on buying off the s2k after the lease period. From what I've read/heard it's always more benifitial in the long run to buy instead of lease.

These are my questions so far. Please try not to flame me, as this is my first time leasing a car. I did my research, but couldn't find answers to the above 4 questions.

Thank you for your time

*flame retardent suit on anyways* >_<

Ooalloems2koO

hmm there was a special lease program going on on 05 last summer....

people lease the car for like 349 with no down from honda world in OC....

first of all when u traded in the car,,, it is like u sellin the car to the dealer so u can do whatever u want with that amount of money u sold the car for .....

3000 dollar down is a bit much according to my knowledges and experieces

sam_spider

I got my 05 in June, the Honda offer was $2500 down, $299 month. I was able to lower the down payment (Honda lease loyalty discount) and they also discounted the car an additional $1500. I walked out putting down $1100 and a payment of $299 plus tax (6% Michigan) $316.94. With $5k down you should be looking at payment of $250-300 I would guess, unless your credit isn't "pristine" then maybe $300-325...

Jay2000

If you are leasing and do not care about the payment you should be able to get $400 a month or so for 48 months or close to it with nothing or very little down. It depends on your state, how taxes are figured. As far as your acura, yes you can get money back, it is just like them buying it from you. The point of leasing is putting no or very little money down because you never get it back. Imo.

fusionchicken

thanks for all the replies so far guys.

btw, i have a perfect credit score (750+). i'm also in southern california.

so at this point i've learned that try not to put anything down, and that i can get the dealer to give me cash back for the teg.

anyone else?

Chazmo

Moving to S2000 talk to get some more exposure (at request of thread fusionchicken).

fusionchicken

WOW that was fast, thanks a lot

Mikes256

You should definitly try to sell your GSR privatley, you will get ALOT more money for it that way. The dealer gives you peanuts for any trade in, because they turn around and sell it privatley for double what they gave you. And by selling it privatley, you don't have to worry about the dealer giving you back the extra 7K or whatever it is, because the money is yours.

I leased my '05 for $344/m for 36 months, $1,800 out of pocket including everything, taxes dmv costs, title fees, ect. Putting down more than 2K on a lease is defeating the purpose. If you are planning on buying the car at the end of the lease, and your car now is worth atleast 10K then you will have a nice down payment to buy the car, and it works out cheaper that way in the long run.

fusionchicken

thanks mike. just curious how did you get that monthly with no down payment? with no down i'm looking at 500ish/month for 48 month, and that's with a perfect credit score. the figure was given to me by a sales, but he could be messing around....or is he?

sam_spider

Mike put down $1800. The residual on the S is better at 36 mos than 48 mos, thus the lower payment, but 500ish is still too high for 48. It should be under $500 w/ zero down.

I'd try another dealer...