I am planning on leasing the MY04 S2k with the factory alarm and trunk spoiler. This is an online quote I got today from a local dealer. This is my first lease car so I am rather clueless. Any info is greatly appreciated.

864.94 out pf pocket
36 months 507.37 plus tax
12k/ year.

Thank you much!

 

What's the buyout price....you're paying 19,130....seems high to me....mileage kinda low for that price...what's overmileage charge per mile?

 

Sounds within reason. Check out www.leasecompare.com. Plug in an '04 S2000 with whatever parameters you want. Their price is a little lower, but not much. S2000's are good cars to lease because they have a relatively high residual value (about 60% over 3 years).

 

no expert here but I did get a very good lease deal...

I am paying 373/mos for 48 months that $ includes tax .... up front 900=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.

hope this helps.

 

btw - no option - vs your alarm & spoiler...and I have 12K miles/year with .17/mile over

 

you need to know ALL of the numbers.

what's the acquisition cost, tax rate, money factor, lease end fees, excess mileage fees and residual.

without these, it's impossible to really analyze the offer.

i do like the low down and the 36 month term.

who's the finance company?

 

 

Buy the extra miles up front if you think there's even a possiblity that you may go above 12K. I lease my '03 and have 15K miles a year.

 

[QUOTE]Originally posted by mosesbotbol
Buy the extra miles up front if you think there's even a possiblity that you may go above 12K.

 

Thanks for all the input guys/gals!

I emailed the Honda dealer guy back saying that the monthly payments seem kinda high. Today, he emailed me back and apologized for the misquote. It should be $813.92 down and $460.24/ month plus tax. What do you guys think about these figures now?

I will ask him about the acquisition cost, tax rate, money factor, lease end fees, excess mileage fees, residual and leasing company and will let you guys know. Thanks again!