i guess everyone thought of the same thing... WHY LEASE A S2000!?!?!? lol. Buy used. which is what im going to do baby!!~!~!~! SOOOOOOOOON~!~!~!~!~!~! AP2 07 FTW aha

 

If saving money were important, you'd buy it and drive it for 10 years. That's not why people lease...

 

^^^That's what I plan to do, currently in my 7th yr.

 

I like GPW

 

I got a 2007 Siverstone with Red/black and absolutely love the combo. I would go with the Chicane/red/black.

 

I went for the very same factory subsidized lease just this past Friday. I picked up an 08 Chicane Silver with red leather. I love the color combo. It's a sophisticated look for the S2000. All of the 2008 colors are nice but I like a subdued look rather than something that draws attention.

I was going to look for a used 05-06 with low mileage (<30K). In Dec-Jan, these were selling in the low 20's here in the northeast. Now that we're in peak roadster selling season, prices of used 05-06 S2000's have jumped to the 25-27K range and they move fast. When Honda offered this heavily subsidized lease it pretty much took used cars out of the picture which is likely exactly what Honda wanted.

The selling price of the car was set at $31,690. The "money factor" on this closed end lease translates to an interest rate of about 2.9%. The residual is set at $18,865. The lease payment is $349/mo and here in CT, with 6% tax it actually amounts to $369/mo.

For $369 I get a brand new car with the latest improvements, a full factory warranty, and no worries about how the car was cared for. At the end of the lease I can buy the car for $18,865. At the moment, 2-3 year old examples are selling for $25K or about $6K above the residual value. I plan to buy the car out at lease end with my own cash and then decide whether I want to keep a roadster long term. If I do, I just got a low interest loan from the factory for 3 years. If I choose to sell it, I'll pocket the $6K above the residual value and thereby lower my cost per month by $167 (6,000 / 36) to about $200/month. Either way it makes a used example pretty hard to justify unless you're looking at an AP1 for less than $20K. But then, you're looking at putting a couple grand in maintenance into a vehicle with an unknown history.

Good luck. The Blue and Silver are both sharp looking.

Now if I could just get past the 600 mile break-in period. 337 and counting.

 

If you don't plan on keeping the car after 3 years, then ultimately if you want a new car, leasing is the way to go with the deals they have going on. Going pre-owned is a smart move though if you don't mind getting a slightly used S2K. If you insist on new, a lease is the best idea, because this car is depreciating very rapidly now, and it's not like a few years ago where you could drive it for 2-3 years and sell it for a good amount. The demand is lower then then the supply used now, and you that's why they can be purchased for so cheap now.

Word to the wise. When buying a used S2K, make sure it wasn't a former lease. Those cars were likely driven very hard, definitely not pampered. I'd never trust buying any former leased car, especially a sports car.

 

You have to pay tax on a lease?

I don't have to pay tax on my rent...

Congrats on having the use of an S2000! Personally, I think buying an older model with low miles makes a lot more sense.

 

I agree, gorgeous combo...though I do miss Silverstone!

 

the hell is the difference between chicane and silverstone