topspd

It's probably easier to look here;

http://www.honda.ca/HondaEng/Financing/Cal...s/leasecalc.htm

quick_lude, your initial estimates are off.. their calculator comes up with $799/mo + tax ($920) with $0 down or $679/mo + tax ($780) with $5,000 down. Remember that you will have to pay tax on any downpayment you make. There will also be a security deposit required.

While I haven't leased a S2000, my experience with leasing is that residuals are based on MSRP, number of years leased and number of kilometers allowed during the lease. You could always ask for a lower residual as it just means you will pay a higher monthly fee during the lease. Negotiations on the price won't affect your residual (not sure if Honda does this, but some other mfgs do). You can always negotiate the price just as if you were purchasing the car. The leasing is handled by a separate division of the company.

Another option is to lease through an outside company. You can probably find one with a lower interest rate than Honda, but also with a lower residual.

QIKSILVR

One thing though, when you lease you don't pay taxes on the full amount so the amount to be leased would NOT be 48300 * 15% = 55625 right?

If you lease with Honda, are their buyback values set in stone or can they be negotiated?

Autorevolution can get 3,000 off msrp so that would be 49000-3000+1240=47240 as a starting point.

edit: My initial numbers in the first post were not meant as an attempt to simulate actual results, I just used made up numbers to ask how a trade in/downpayment would affect the monthly payment.

QIKSILVR

[QUOTE]Originally posted by topspd
It's probably easier to look here;

http://www.honda.ca/HondaEng/Financing/Cal...s/leasecalc.htm
While I haven't leased a S2000, my experience with leasing is that residuals are based on MSRP, number of years leased and number of kilometers allowed during the lease.

topspd

Correct, you only pay tax on the payments you make and you aren't financing tax as you do with a straight purchase/loan transaction. If you are using your vehicle for business purposes, the maximum writeoff is $800 + tax /mo ($920) for a lease (there is another calculation that should be done, but rarely ever is).

A friend that worked for a Honda dealership recently told me that S2000s and NSX are special order and are not kept in lot stock. If true, then I would expect that any on the lot are either trade-ins, used or they received a special incentive from the factory to take them into stock.

btw, I'm not sure if Honda does this, but when I picked up my S4, I got a leftover new vehicle, not on lot (2001 when the 2002 models were available) for $10,000 off MSRP due to factory discounting. You may want to consider looking for a leftover 2003 (if you don't care for the new changes) or a 2004 in October when the 2005s are available.

QIKSILVR

I'm not sure if there are any 2003's left overs anywhere.. probably not since like you said, these cars are mostly ordered. I can't wait until October, my current lease is up in April and I'd like to have the car for the summer.

wing

There were 2003's left in Nov/Dec they aren't on lots but in a warehouse.

QIKSILVR

What silver was available on the 03's? Silverstone?

agisd

Honda Canada warehouses the S2ks somewhere in Toronto .

Just call a dealer and ask.

agisd

[QUOTE]Originally posted by quick_lude
What silver was available on the 03's?

QIKSILVR

Hmmm.. interesting.. what kind of a deal do you think one could get for a 03? I mean if it's only 2-3K then I'd probably get the 04 anyways..