Please help buying the s2000 tommorow.
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From: Pawtucket, RI
Originally Posted by Ubetit,May 15 2008, 12:21 PM
Sure you do. It's built into your payment and the landlord pays it as property tax.
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Originally Posted by shotiable,May 15 2008, 07:20 AM
the hell is the difference between chicane and silverstone
Chicane Silver = New for 2008 mid way between Sebring & Silverstone.
Silverstone = The darkest of the three silvers more gray actually, now discontinued.
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Originally Posted by v0lc0m|s2000,May 13 2008, 03:27 AM
Hey guys, im getting the 2008 s2000 tommorrow. I was wondering what color do you guys think is nicer , the blue with black interior , or the Chicane silver with the red interior. Also they want 2000 down 349.00 a month plus tax for a 36 month lease . What do you guys think about that. Oh and by the way I am new to the forums, and can't wait to be active on it =] 
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Originally Posted by SpudRacer,May 14 2008, 07:35 PM
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.
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.
FACTORY SUBSIDIZED LEASES are THE way to go.
A factory subsidized lease has the option to buy at end. Geniuses who suggest buying should run the numbers - leasing on a factory subsized lease (such as a lease special) and then buying the car outright at the end, is sometimes cheaper than financing the car over three years. I ran the numbers back when Honda was offering a lease special back in 06 and it turned out to be about $1000 cheaper to lease and then buy, compared to financing for 3 years
Not to mention the flexibility of a lease. If you want to return the car after 3 years, and not have to worry about selling it, then just turn it in.
Leasing = bad, buying = good, is an old school mentality that a lot of uneducated individuals preach. Under the right circumstances, a lease is just the ticket.
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From: NA
Originally Posted by SpudRacer,May 15 2008, 04:25 PM
Sebring Silver = I believe this was the lightest silver color, now discontinued.
Chicane Silver = New for 2008 mid way between Sebring & Silverstone.
Silverstone = The darkest of the three silvers more gray actually, now discontinued.
Chicane Silver = New for 2008 mid way between Sebring & Silverstone.
Silverstone = The darkest of the three silvers more gray actually, now discontinued.
Gorgeous color it is:
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[QUOTE=S2K-DJ,May 15 2008, 02:44 AM] 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.
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.
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[QUOTE=superjimbo,May 15 2008, 06:25 PM] If I'm not mistaken, Chicane and Silverstone are exactly the same color. And you're right, silverstone/chicane is the darkest silver color offered here in the states, but around the rest of the world, they have Moonrock which is even darker
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From: Boston
Originally Posted by SpudRacer,May 14 2008, 07:35 PM
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.
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.