mosesbotbol

2005 S2000 6-SPEED MT SPECIAL AHFC LEASE/PURCHASE PLAN

Special lease rates available on all new 2005 S2000 models. FEATURED SPECIAL LEASE* : 2005 S2000 6-Speed Manual Transmission (Model AP2145ENW) for $299.00 per month for 36 months with a $2,499.00 capitalized cost reduction. $3,693.00 total due at lease signing (includes first month?s payment, security deposit, capitalized cost reduction, and upfront AHFC acquisition fee; total net capitalized cost and base monthly payment does not include tax, license, registration, options and the like). Not all buyers will qualify. Subject to limited availability. *The specific featured lease listed is not available to New York residents. New York residents should contact their dealer for New York featured lease. Terms and conditions vary for New York Residents. In addition, AHFC limits leasing terms to 39 months or less to residents and dealers in the state of Rhode Island.

Cubs2k

Mileage Allowance? 10,000?

Tommi1980

Porpably 10k, in NY and RI, its called balloon payment....same as lease but the car is registered in your name instead of leasing company that's a low payment...this isn't a very good news for those of us who "purchased" our cars, cause of the residual value on it....meaning the trade in/retail value will drop as well

therandomor

The fine print:

Offer valid from 07/06/2005 through 08/01/2005 for new and unregistered vehicles only and only on approved credit by HFS (Honda Financial Services) through participating dealers. HFS' standard credit criteria apply.FEATURED SPECIAL LEASE: 2005 S2000 6-Speed Manual Transmission (Model AP2145ENW). MSRP $33,665.00(includes destination). Actual net capitalized cost $29,333.76. Dealer participation may affect actual payment. Taxes, license, title, registration, documentation fees, options and insurance extra. Total monthly payments $10,764.00. Option to purchase at lease end $19,862.35. Lessee responsible for maintenance, excessive wear/tear and 15

Cubs2k

Hey....I though low lease payments = higher calculated residual

I'm looking at it this way....if you turn it back in to the dealer at the end of the lease, the dealer is going to want to make at least 2500 -3500 on the car right?

That would push the retail price of a 3 year old S2000 with 36,000 miles to what? Wholesale 19860, retail 22500-23000. I think that is actually high.

Tommi1980

dealers usually do not buy cars, that come straight off lease, especially cars like our S. they always try to negotiate a deal with in this case HFC, if not Honda will take the car back to the auction and sell it...unless the car has a lot less miles on it and the condition is superb....the more you will pay for the car, the longer you are holding on to it...hones truth, myself I would never buy an off lease car...unless you are leasing the car first and then buy it at the end....then its just going to cost you more the it should..either way...leasing is not for me, can't do anything with the car, always have to pay attention to what you do, and then you have to turn it in....come out empty handed....

Tommi1980

in this case...the lease option is awesome...but you have to come in with the $2400 plus about $5-600 to cover the taxes and what not..still a good deal on car like that.

Tommi1980

Jeff..just checked menheim auto auction report for dealers.
2002 s2000 w/34k miles $17800...no joke