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Honda Lease Special!
06-02-2005, 10:54 AM
#1
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Honda Lease Special!
[COLOR=navy][FONT=Geneva][SIZE=1]Terms and Conditions:
2005 S2000 Special AHFC Special Featured $299 Lease
$299.00 per month for 36 months.
$2,499.00 capitalized cost reduction.
$3,693.00 total due at lease signing (includes first month
2005 S2000 Special AHFC Special Featured $299 Lease
$299.00 per month for 36 months.
$2,499.00 capitalized cost reduction.
$3,693.00 total due at lease signing (includes first month
06-02-2005, 11:04 AM
#2
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Leasing a S2K still makes no sense to me. You're paying 13,000 over three years for that lease. If you buy a new S2K and sell it in three years, depreciation will be less than that.. AND you wouldn't have to worry about mileage charges, ect.
Nonetheless... if you ARE going to lease, that's the lowest I've seen.
Nonetheless... if you ARE going to lease, that's the lowest I've seen.
06-02-2005, 11:32 AM
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Indeed, three year old MY02 S2000s average $24,239 asking price according to cars.com, with a standard deviation of $1,775. That's only $8,911 off the $33,150 MSRP.
06-02-2005, 12:41 PM
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Played with the #'s given above in my lease program, and guessing they are putting a very high residual on the lease buyout to come to that payment. Even with the $2500 down, it's pretty low assuming a residual of around 55%. But thinking they've probably got the resid. % around 60. If you don't plan on buying the car, not a bad deal. Also, assume they're giving 12k/year mileage.
I'd be curious to know the actual "sales price", money factor and residual rate to see how they're getting that #.
Mark
I'd be curious to know the actual "sales price", money factor and residual rate to see how they're getting that #.
Mark
06-02-2005, 12:45 PM
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Ummm, if you get the car at invoice, won't that bring the price of the lease down even further?
The special is on the money factor and residual. If you negotiate the price down further, the lease can be even cheaper.....
The special is on the money factor and residual. If you negotiate the price down further, the lease can be even cheaper.....
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06-02-2005, 01:43 PM
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Originally Posted by Elistan,Jun 2 2005, 11:32 AM
Indeed, three year old MY02 S2000s average $24,239 asking price according to cars.com, with a standard deviation of $1,775. That's only $8,911 off the $33,150 MSRP.
the residuals set by HondaFS is way higher than actual prices