Please help buying the s2000 tommorow.
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I'm still trying to figure out why people are convincing you to buy a USED car rather getting a new one? Some people need to take an accounting class or two, and understand that leasing is very beneficial for many people.
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Originally Posted by NFRs2000NYC,Aug 18 2008, 06:50 AM
I'm still trying to figure out why people are convincing you to buy a USED car rather getting a new one? Some people need to take an accounting class or two, and understand that leasing is very beneficial for many people.
I can buy a used S2k and sell it at a very little loss several years down the road. Heck, if you're lucky you can even break even.
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From: UCLA FTW!
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.
1. The mileage you drive. Is it a DD? a weekend car?
2. Lease cars shouldn't be modded.
3. Insurance. Older cars generally cost less.
I chose to buy my car used because of those three factors above. In reality, having the warranty is great but im sure everyone here crosses his fingers that he'll never have a problem that warranty is involved.
Just my 2 cents.
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At the end of the lease I can buy the car for $18,865.
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Originally Posted by 2007 Zx-10,Aug 18 2008, 10:40 AM
That's where you lose imo with a lease. I just bought my '06 NFR with 4500 miles (owned by a 70 year old grandpa who rarely drove it) for $25k. After one year of paying on it ($450/mo) I'll almost be at the residual value you hit after three years of payments
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Originally Posted by 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 
Gorgeous color it is:
Gorgeous color it is:
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From: S. OC
Originally Posted by jbgordon,Aug 18 2008, 08:29 AM
So how many times per year does Honda run these lease deals and when are they usually?
