ProV1

i took over someone else's lease last year.. i dont have all the details now, but briefly, i'm paying whatever he was paying before ($330/mo) PLUS he gave me $2500 cash incentive, so the monthly payment came out to around $250/month.

it's a 48 month lease, 12k miles/yr.. lease expires next yr but I have under 30k miles right now. car runs absolutely great, and is my fav color combo (sebring/all red).

as you all know, S2000 is a dream to drive, and I love this car. However, living in MI, I can't drive her for 3 months out of the year, plus I have 2 other cars already.. but I'm considering buying teh car when lease is up, but the residual is incredibly high!!! $19,200??? for a 4 year old S2000 with 48k miles? Honda FS must've been smokin up when they wrote this deal.. or is it a realistic price when the time comes?

So is that a decent price, if the car had 40k miles when lease expires? also, is it possible to negotiate the purchase price on a leased car? perhaps can i 'deal' with the dealership so that they buy the car initially from Honda FS for wholesale price, and i can buy from the dealer for their cost + $500/$1000? i would prolly have to make a friend at a local honda dealership real fast tho..

thx for help

duff0000

Im not sure if the buyout is on the high side or not, But im almost positive you can negotiate the buyout price.

For reference you may want to go to edmunds or kbb.com and look up the pricing

HeliFlyer

For what's it worth, the buyout price on my leased 05 is 19.8K after the lease expires at the end of 3 years.

x-man

'03 for 19K. I think that is a good price for me.