Is there anybody leasing there S2000? If so what did you put down and what is your monthly payment? Thanks ya'll How cool is this website!!!

 

how do you manage to type with such a thick accent?

 

JTEL,

I will be leasing. Based on the May 01 American Honda Finance Co. rates a 36 month lease with 36k miles has a money factor (interest rate) of .00280. As a 2nd time AHFC lease customer my first payment, security deposit are waived. So my total out of pocket is $175. My payment based on MSRP $32,740 + $1150 for F&R spoilers a residual of $21,954.75 (65%) & tax rate of 7% my monthly payment would have been $530.27 including tax. Keep in mind that only the rear spoiler is a residualized accessory (the front is NOT). I'm sure with the fed cutting rates again last month that the money factor (term for interest rate in a lease) will be lowered when the June rates come out. If you have questions regarding leasing you can PM me or e-mail me. Feel free!

 

For a little more money per month, you can own the car. When I got mine, I looked at the monthly for owning it and saif screw leasing.

Lance

 

Leasing this car is silly, IMO. There's no way I'll put 36000 miles on the car in 3 years, even as a year round daily driver I'd maybe put 30k on it. If you don't plan on maxing the miles out, you're just doing the dealer a favor by giveing them the chance to make a lot of money off it twice. buy it and enjoy it for as long as you want

For the record, I'm 22 with no credit history paying a lousy rate for 5 years with no down payment (I paid the tax and title up front, financed about $33000), and my payment is $650/mo.

 

I don't see how you could "pay a little more money" and own the S2K.

I am leasing at 967$ (tax included) a month Canadian or 629$ a month US with 0$ down and a 9% rate. The residual is about 20K Canadian or about 13K US.

To own the car would cost me almost 1500$ CAD a month.

The car in Canada cost me 52K + TAX (a bit over 15%) = 60K or 39100$ US approx.

Leasing was good for me because I was able last year to claim a large part of it for taxes... This year I won't be able too unfortunately since I changed jobs..

Hope this helps,

Rob

 

But by leasing, you have nothing at the end. Leasing is great for a daily driver like an accord, as you really don't want to keep them that long, and you can usually get a pretty good deal where the lease is about 1/2 to 2/3 the cost of buying. In s2kmtl's case, buying would cost about $1100/mo for 60 months to buy (not sure how the costs all work out in canada), so his lease is roughly 90% of the monthly purchase payment.

If you plan on selling your S2K after 2 or 3 years then a lease might be an option, but the dealers (at least around here) have not had much to offer by way of lease deals. If you view the S2K as something you'll enjoy driving down the road, buying it is the better option. It really depends on if the dealer will give you a reasonable deal, and how you plan on driving it. If it is a 2nd car and you won't put more then 10000 miles/yr on it, DON'T lease.

Good luck either way.

 

West Side billy,

How is my monthly lease payment 90% of a purchase payment?!

I just said 967 lease vs 1500 purchase


??


Rob

 

I actually was thinking of leasing in the begining, but I didn't know anything about leasing so I bought it. Best decision I made.

 

Leasing in crazy. Enuff said.

Jeffrey