Buy my 05 lease, or go for a new 08?
#12
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Originally Posted by audiophile,Jun 7 2008, 07:35 AM
Buying new cars doesn't work that way, your best deal will be negotiated using a finance company through the dealership. Dealerships get commissions selling you financing, even if you plan on paying cash, finance and then pay off the loan when you get the first bill. That said, there is absolutely no reason to pay a penny over invoice for any Honda in production, so there is very little room to get a better deal, a few hundred dollars below invoice is realistically the best you can do purchasing an 08.
#13
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Originally Posted by shotiable,Jun 7 2008, 07:46 AM
it works sometimes... but then they charge more somewhere else. everything has to offset, they always have to make money somehow. but at least you'll feel better about yourself if you get the car at a low price
Agreed, there is satisfaction in knowing you've received a good deal.
#14
Originally Posted by SDSILVERM3,Jun 7 2008, 12:04 AM
Dropping $20k all at once on an asset that makes you no money is a huge setback. Use the Honda Financial money at 2.9% and finance it instead. Why use your own capital when you can use theirs for almost free?
For all the money you'll have spent (monthly payments to date + $20k) all you're getting is a 3 year old car w/ 30,000 miles and no warrenty.
Finance it at 1-3% you put yourself in a new car with peace of mind should something go wrong. IMHO when you lease a car, stick with that decision and when the lease is done be done with the car. Besides you can start a whole new chapter in your life with the S2000 - change colors, options, etc.
#16
I'm in the same boat as you with an '05 leased. The only difference is my only has 9500 miles. Eventhough I like a white 08 with red interior, I think i'm buying my '05 Berlina.
Good luck with your decision. You can't go wrong with either one.
Good luck with your decision. You can't go wrong with either one.
#17
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I'd buy the 05 straight up if you have the cash set aside to do it (which it sounds like you do and you were originally planning to do)... I really hate my car payment a lot and cannot wait to pay it off. I'm actually paying pretty much double what the amount is every month at this piont so it'll be gone as quick as possible (and I'll wind up paying less that way since its a simple loan).
#18
i was in the same dilemma as you. i was considering buying an 05 with 23xxx miles VS a brand new 08. my father convinced me to get an 08 because it was brand new. so id say if you can do it, go for the 08!
#19
Originally Posted by audiophile,Jun 7 2008, 12:47 PM
Charge more someplace else? You've lost me, the bottom line is the bottom line, if they add something you don't agree to, either don't pay it or walk away. I've bought over 20 new vehicles in the last 10 years, there is no trick to negotiating a deal, no secret formula, use common sense and don't let the dealership pressure you period. We're talking about a Honda, not a hard to find exotic, there are plenty of dealers and probably a surplus of cars, the power is in the purchasers hands.
Agreed, there is satisfaction in knowing you've received a good deal.
Agreed, there is satisfaction in knowing you've received a good deal.
#20
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I am in the same boat and opted to finance mine off the lease, the interest rate on used cars is just above 4%. I have modified mine and there is nothing that the new model offers that I would want.