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Re: [23109vc]
by dwynne on Sat Jul 19 08:29:56 PDT 2008
I love how they say "$7k off MSRP" to make it sound like a huge savings. There is about $3,200 in difference between invoice and MSRP, so the price is really $3,800 under invoice. Many dealers will deal down into hold back to sell an S, so figure that the old car would be about $3,300 cheaper than a new 08 should be. The Edmunds incentives page shows $1k in dealer cash on the 08 if you do AHFC financing and they show rates at 0.9% to 36 months and 2.9% for 60 months. So that should make the 08 now $2,300 more than the left over 07 and less the interest you would have to pay for the loan - higher (used car rate?) for the 07 VS the cheap promo rate. Down the road, the 08 will always be worth more money than the 07 but the difference gets less as the years go by. I would run the numbers on the 08 with the $1k dealer money and cheap rate VS the 07 with whatever your best rate is and see how it stacks up. If I was not going to save a good bit of money on the 07 I would get an 08, I guess. Note that for 08 they revised the gauges (no big deal) and they also retuned the suspension for more "high speed stability". My 08 is still new, but I am thinking so far that this change is a bad thing. I did test drive other 08s and mine before I did the deal, but not at 9/10 speed in corners. Now my favorite clover-leaf on ramps that used to be no problem at 40 (not even near the limit) seem to be a challenge for the new car. It is early days for my car though and the 05 I had was wearing 3 to 4 32" tread on the rear tires. So as I get the new car more broken in things may improve. If they don't, I may have to look to see what is involved in "un-retuning" the suspension. But that is just me, it might be no problem for others or be preferable. I have had 3 S2000s now and the 01 was way tail happy and the 05 much less so and the 08 is tuned for more understeer or the tires have less grip (right now) or both. Dennis
Re: july/august deals [aramism]
by dwynne on Tue Jul 15 09:43:34 PDT 2008
Ask your dealer (or a dealer) what the current S2000 residual and money factor is so you can compare and see how bad it is. I have an e-mail in to mine to see what they say, but no answer (yet). Dennis
Re: Price for 2008 s2000? [kyfdx]
by dwynne on Thu May 29 09:12:38 PDT 2008
But who is counting :D ? I did the same thing back in 05 - a new Accord for my wife and a new S2000 and RX-8 for me.... So I am a car nut, what can I say? Dennis
Re: Insurance Rates [accelerator]
by dwynne on Mon Jul 14 10:28:08 PDT 2008
I checked with my agent and the S2000 now carries a higher "IRG" number than the G37 so the insurance is more. In my case it is $5.36 per month higher. I am an "old man", married, multi-car discount, multi-line discount, safe driver discount, etc. 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
Re: Price for 2008 s2000? [accelerator]
by dwynne on Thu May 29 07:53:10 PDT 2008
Thanks! The only thing wrong with leasing the same car 3 times in a row is that is does not really seem like I am getting a new car :D . I thought I would keep the 01 when I got it, but the cheap lease and invoice selling price I got on the 05 (plus getting early lease buyout money for the 01 as a trade) convinced me to upgrade the car. I said then it was a keeper and I could not see getting something else. This time the high residual / buy out price on the 05 and the insane low price and low lease numbers coupled with the 08 upgrades and longer factory warranty convinced me to upgrade again. I am thinking in 3 years there may be no more temptation as I don't think they will still be making the S by that time (but we said that 3 years ago). Also the buy out price on the new car will be $1k or more less than the 05 :D . If I can pass the 05 on to another enthusiast before the lease ends next month, that would be nice, but if not I will just drop it off at a local Honda dealer and enjoy the 08. The scene in my back yard this morning: :D Dennis
Re: Price for 2008 s2000? [legendguy1]
by dwynne on Wed May 28 19:51:59 PDT 2008
The price was for the car, destination, and dealer fee. TTL would be extra. S2000 sales are so slow the CR should have no effect on them, every dealer is likely to have several to choose from - and some do have 07s sitting on the lot. You can get cheap financing (2.9% for 60 months, IIRC) on the S2000 right now. If you were planning on financing you would have to run the numbers to see if waiting for a lower price but higher interest would save you more than getting the cheap money now. With the cheap lease rate and the $1k dealer lease incentive, you could lease your S and then (if you want) buy it for the residual at the end of the lease and come out pretty good. I went ahead and pulled the trigger because the price was so insane and the lease was cheap and this was the last NFR they had at this dealership (and probably would not be getting in more in). New, still in the plastic with 9 miles on it - from the factory and the PDI at the dealer - and of course bright red. I was afraid if I waited someone else would get it and I would be stuck with another color or having to pay more from another dealer. This is my 3rd S, after the 01 and 05, and I love it. On the long drive back home with the top down I got 28.67 MPG for a new car, going 65-75. I got 23-24mpg commuting in the others and expect the new one to get about the same. Dennis

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