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Honda S2000 Prices Paid and Buying Experience
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Comments
I ended up paying $1000 below invoice on a lease. I'll dig up the contract later, but so far the cars been great!
-Jerry
Like the yellow A LOT also. However, I am almost 50 years old so am leaning towards the silver (family pressure). The invoice on 2008 s2000 is $3155. So you paid $3055 I am guessing? And then a lease? I would be curious to know your exact figures but that sounds very good so far.
Regards,
Joe
We should stop calling it the "base" model since it is not some stripper model Yaris or something . Just call it an S2000 and if someone buys the CR they can say they have an S2000 CR .
I still do get a good number of comments about my S and every once in a while someone will call it a Miata (ouch). When I had the 01 I really got a lot of questions and comments in traffic, at the gas pump, and in parking lots. A lot of them were from "Honda folks" that wanted to look at the S2000. They are not rare cars on the road now (as much) and for sure not hard to get from a dealer, so a lot of that has died down.
I noticed on my latest insurance that the 08 S costs MORE to insure than the 08 G37 which is something of a shock given the HP and price of each. I am guessing more S2000s are falling into the hands of folks who are wrecking them and driving up the insurance rates for us all.
Dennis
When I have some time next week I will give my agent a call just to see what they say, but I am guess that all these factors combined to raise the rates for everyone.
Dennis
Just thought I would post that I picked up my Chicane Silver S2000 tonight. 2008 with 14 miles. Drove her home with top down on a warm night. Journey started when several s2000s showed up this Spring on the Acura used car lot. I got the bug then and started researching the S2000 and found our what a neat car it was. Also, that the local mechanic I use said that it would be no problem to service and repairs would be no more expensive than your average Honda. I test drove some used ones and made some inquiries for used but in end decided to get a new one because I usually keep for awhile and was worried at how some of the S2000s were being driven (most people treat the S2000 well but it is hard to know). Was able to purchase with 0.9% financing and couldn't be happier with treatment I received at MotorWerks in Barrington. Good luck to all!
Joe
Dennis
Please share the details of your deal. Thanks!
BMW is and increase of + $21.62 over 6 months.
Ininity G37 is a decrease of - $9.11 over 6 months.
I selected the BMW convertible version for this price quote. The G37 is only available as a coupe so that actually makes sense to me that it is cheaper. I'm curious what your rates changes would be.
Both of the cars are covered the same, the only difference is the rating (risk factor) which makes the S cost more.
The S used to be cheaper to insure than my other new cars like the RX-8 (gone) and the M5 (gone, but no duh there) but is now my most expensive. I guess the single same model name out since MY2000 has now found its way into the hands of the unsafe drives and driven up our rates.
As my agent said "nothing you or I can do about that" :-(
Dennis
trying to debate whether i should go for it now or wait it out until august.
Dennis
my local dealer has a leftover 07 advertised at 6000 off MSRP and they told me they have now made is 7000 off MSRP.
so 7000 off MSRP on an 07, but it's brand new.
good deal? they also have 08s, but they don't claim to have as much off but I honestly think they would knock those down just as much.
is the 07 and 08 the same? any mechanical differences at all?
Nothing drastic but significant to some:
Minor changes to seats ( I notice the headrest is a little higher)
Minor changes to dash (fuel and temp guages are moved to right)
Tire monitoring system
Honda has "retuned the regular model's suspension for better high-speed stability"
New 5-spoke wheels which I happen to like better
Hope this helps,
Joe
'08 Chicane/Black s2000
There is a $1,000 dealer incentive if you lease OR take the discounted interest rate.
If you loan / lease where they get the $1k then their current price is about $30,800 for the car, dest, and doc fee. If you pay cash or do some other loan or lease then the price is $1k higher. Hint: take the cheap loan from AHFC and just pay it off in a couple of months.
The lease works out to be $499 + tax for 36 or $463 + tax for 48 (both terms 12k miles per year) with only tax and tag and first month due at signing (with top tier credit). I don't have the MF and residual break down, but I asked for it.
Dennis
The selling price would be $30,042.50 (hey, that is less that I paid) if you do AHFC loan financing.
If you do the lease or pay cash the price is $1k higher.
Sorry for the mistake.
Dennis
Of course, we have a guy that comes to the office and will detail your car inside and out for $25 (no wax or carpet shampoo at this price, just wash and vac). During the summer when my boss' son is not in college he comes to the office and does it for $20. So mostly, the number of spokes does not bother me much .
Dennis
It looks like your corrected price doesn't include the $670.00 destination charge, which isn't negotiable as far as I can tell. Price with the $1,000 incentive in my area looks like $30,055 + $670 = $30,725. Lower than that would mean asking for a piece their hold-back (2% of $34,300 MSRP =$686).
I paid $30,247.37 for my 08 back at the end of May for the car, dest, and doc fee. This included a $1k lease incentive (and a cheap lease rate). The current price for a PURCHASE from the same dealer is $30,043.50 - so less than I paid. The lease price is $31,043.50 now and the lease rates are not as attractive.
We leased a Pilot from the same dealer in January and the price for the SUV, destination, and doc fee used up all but $150 or so of the hold back.
If you lived closer to GA, I could hook up you with my dealer. If they have a color you like in stock that would be your selling price ($1k higher for leases).
Dennis
plus already had a 3m clearbra on hood, bumpers, door-edge,mirrors they SAY sells for $850 about. Anyway I paid: $30,270 plus $150 doc fee plus tax (2220) lic (143) all totaled to $32,783 out the door. Went for the 0.9% financing for 3 years. Hope this helps. Joe Enjoying the break-ion period.
I can make the offer and see what what happens ... the end of the month is upon us.
I would use the dealer locator on the Honda page and start contacting dealers in an ever widening circle from your location and see if you can find someone with the right color S in stock that is willing to price it right in a similar "Internet sale".
The current lease MFs are poor: 0.00280 for 36 months and 0.00265 for 48 months compared to the 0.00073 I got back at the end of May. So combining the current purchase incentive with the cheap financing to purchase from AHFC seems like the only deal now.
There has been a lot of news lately about the captive lease banks taking it on the chin over residual values. They have always used inflated residual numbers to make for better deals and then figured they would worry about the future value when the car was turned in. Certainly the auction and trade values of my 05 were not even close to the residual and mine was in nice shape with real low miles. Then you add in the total collapse of the used truck and SUV market and folks returning those are just killing the captive lease banks (3rd paty banks too, but not as bad). The S used to have a really strong resale but that is eroding as well - too many on the market, limited audience, too many other options. The residual on my 08 lease is more than $1k less then the residual was on the 05 and the 08 is not likely to be that valuable at lease end even with the drop. So this all adds up to saying that cheap lease deals may be getting harder and harder to do.
I have said it many times before - when they give you a cheap lease deal they have to sell the car twice: once to move it off the lot when new and again when you turn it in at lease end. If they SELL you the car no matter how much they have to discount the price, the rate, or both then they are done with it. So often times you will see them run cheap leases for a bit and as the end of the model year closes in they move to cheap sales and not attractive leases. Possibly in the future they just may skip the cheap leases completely?
Dennis
Thanks for the tip about widening the search if necessary.
i thought that was too high...
if this is the case of of paying 499 for the car WITH taxes up front i am better off paying an extra $50 and getting a 335i sedan with everything rolled in.
im gonna wait it out a few months hopefully they MF comes down on the car as it nears its final year of production. i was looking to spend max $400 a month with everything rolled in on a 36 mo lease on an 08. i figured it would be possible with the promotion they had as the first price the guy gave me was 440 so there was room to get it down closer to 400. but that was under a promotion so we'll see.
Joe
I think if they replace the S it will be with something more mainstream and more "Accessible" to the general public. The S sold in nice numbers when introduced but the mild updates and not stemmed the tide of slow sales. As a "halo car" it is a nice one, but I would not think they are making much profit with such low sales and near constant incentives. They eventually dropped the NSX no matter how nice the car was it just never sold well.
The C&D new car issue came out the other day and they say the S will carry on for 09 as well.
Dennis
Dennis
Local dealer with whom I think I could work has a red and also silver car. A lot of cars can't wear red, and the New Formula Red is a great red. So, naturally, when I mention to my better half I might go for the red S, she rolls her eyes and quotes my past about waving a red flag in front of a bull -- or in this case, the CHP. That's what I get for telling her how I used always get pulled over when I was MUCH younger and had 66 Alfa Spyder --red, of course.
What's been your experience with your red cars?
And -- finally -- I'm guessing a dealer's more likely to cut the best and quickest deal deal on a car he's had on his floor for over 5 weeks, as opposed to having to jump through the added hoop of a dealer trade. Make sense?
That is always true, if they have it on the lot (along with some more of the same model) then they have high motivation to move it. If they have to dealer trade you have to pay for the trouble one way or another. If the dealer is close enough to cost much, just try for a deal with the dealer that has the car on the lot.
Finding a dealer that will make a nice Internet deal without much work on your part is sweet. Hennessy in GA is where I got mine and nothing could have been easier - but I did have a pretty long drive to get the car. The local dealerships would not have touched my "down into the hold back" price with a ten foot pole.
Dennis
member -- at least not in terms of making price [and a manufacturer's profits] sacrosanct portals of entry. I usually pull for underdogs. Though it may be a stretch to think of Honda as and underdog, it's fun to see them (Acura) becoming very competitive very quickly in American Le Mans racing against the vaunted German brands.
they were advertising 799 a month with taxes up front for 24 months 12k miles not fully loaded no navi none of that stuff so it just goes to show you. same thing with the deal my mother got on an 08 jetta. she got that sign and drive for $2 lower than the advertised price with a auto trans wheras it was being offered on their promotion with manual. like $1800 difference on the msrp. so advertised deals always have room in them.
point being i am trying to time for any sort of lease deal on this car. i understand how you are getting a better deal on a purchase but it's out of my budget currently. there's gotta be a way to get this car with everything rolled in and at or under 400. if they are selling them for 30k or so then a 30k car must have a really [non-permissible content removed] MF to get the payment upto the high 4s. getting this car and paying $500 a month on a lease is flat out retarted. it's been out for 8 years now, i remember when it first came out it was different there was tons of hype now it's a waste of money to pay that much. just my opinion.
if they know could someone verify the august MF and residual on a 36 month 12kmi lease???
For July it was 0.00280 for 36, 0.00265 for 48 which are terrible rates - so I didn't bother to ask what the residual is (was). The dealer incentive only applies (now) to sales and not leases.
Dennis
thanks for the info by the way.
aram
Dealers can mark up the money factor for extra profit for the finance department. They can also mark up the $595 bank wee for more profit. They can't touch the residual, it is set by AHFC. I don't know if I have ever heard of a Honda dealer mark up a lease rate, but I assume somewhere some of them do this. High end dealers (BMW, Infiniti, etc) often do this and it can be hard or impossible to get a lease at the buy rate.
Dennis
i mean i'm just gonna wait for sept and call up a bunch of dealers and get the specs on their offered deal. MF, resid, cap cost, etc. and theoretically if the MF is set by the bank and is rock solid then every single dealer should tell me the same MF and the only difference in any of the variables should be the cap cost, or the cost they are selling the car to the bank to or however that works, the "loan amount" on the lease. every other variable should be identical otherwise someone is either lying or they can go in and mark up or buydown the rate.
Congrats and welcome to the club.
Oh, and welcome to the S club! You will love the attention you get with the Rio. The pearl in the RIO looks sooooo much better than the basic yellow cars you see.