1. Welcome to TRD Forums! A community for Toyota, Lexus, and Scion Enthusiasts. To enjoy all the benefits of the site, we invite you to signup.

2006 s2000 your opinion? lease buy? or neither?

Discussion in 'General Discussion' started by sean2sean, Sep 7, 2006.

  1. Offline

    sean2sean Member

    Message Count:
    762
    Likes Received:
    0
    Trophy Points:
    18
    Location:
    so cal
    2006 s2000 your opinion? lease buy? or neither?

    im thinking about getting a roadster. a honda s2000.

    thinking about leasing the car for 3 years. at 300 per mo for 36 mo. with 3600 down. or 450 per mo with ZERO down.

    im not sure if i want to buy a car... doesnt seem its worth the investment....

    a 35k car. after first year... it looses about 5k. after 3 yrs... looses about 8? 9k?

    if i lease the car for 3 yrs... its about 10k for 3 yrs...

    plus i wont have to worry too much about maintance... after 3 yrs... i can switch to a different car.

    insurance for the car is about 550 per 6 mo. so about 1100 per year. roadster is so expensive... my corolla is only 500-600 for one year.

    so about 4-5k per year. if i lease it that is... including insurance.

    delema.

    lease or buy? pull the trigger or dont? i cant decide...

    btw, the pricing im getting on the car is....

    msrp 34,645

    invoice price 31,239

    and im getting it at 700 below invoice

    so about 34000 out the door?

    opinions plz...

    btw,

    in my "arsenal" i have:

    96 previa s/c
    05 cbr600rr
    02 corolla s
    06 evo 9 mr
    sean2sean, Sep 7, 2006
    #1
  2. Offline

    e_andree E

    Moderator
    Message Count:
    8,246
    Likes Received:
    13
    Trophy Points:
    578
    Location:
    MD
    I personally wouldnt lease. When I was looking at new SUV's a few months ago, I had the same dilemna. I was also putting 8k down, so that factored into my decision as well.

    Honestly....the best thing you could do is go in there, and have them lay out all of the numbers for you. You may be surprised by the numbers you see.

    I ended up financing, because my payments were only a little bit more a month, and its an investment. When ya lease, youre basically renting the car. And he showed me that I would be end up paying a lot more, because at the end of the lease term, if ya want to buy the lease out, you end up paying more in the long run for the car than its worth. Plus you have to worry about mileage.

    If you lease a car, dont put any money down. Youre basically GIVING the dealership that money flat out...yeah, it may lower your payments SOME, but VERY LITTLE, especially on a 35k loan. A downpayment on a leased loan is basically money out the door. Youre not INVESTING it in anything. And the money you save over the 3 years most likely wont equal up to the downpayment you put down. And the value of the car wont drop as much as you think.
    e_andree, Sep 7, 2006
    #2
  3. Offline

    fishexpo101 Get Some

    Message Count:
    1,087
    Likes Received:
    3
    Trophy Points:
    488
    Location:
    Northern Virginia
    Lease or Buy is a tough decision - also have to factor in if you want to keep the car in the end or get something else.

    Biggest hurdle, IMO, in the lease is usually the mileage restrictions - most only give you 10K-12K a year. Sounds like a lot - but those will roll by pretty fast. I leased a Toyota Camry years ago (first Japanese car we owned) - was supposed to be a "backup" car and wouldn't get too many miles. What ended up happening is that all the other cars took a $hit and we ended up driving the Camry instead - ended up buying the car at the end because we were way over in mileage.

    After that - it involves the time you want to spend with the car. Example:

    The short-term monthly cost of leasing is ALWAYS SIGNIFICANTLY LESS than the cost of buying. For the same car, price, term, and down payment - monthly lease payments will always be ~ 30%-60% lower than loan payments.

    The medium-term cost of leasing is ABOUT THE SAME as the cost of buying, assuming the buyer sells or trades his vehicle at loan-end and the leaser returns her vehicle at lease-end.

    The long-term cost of leasing is ALWAYS MORE than the cost of buying, assuming the buyer keeps his vehicle for years after loan-end.
    If a buyer keeps his car after the loan has been paid off and drives it for many more years, the cost is spread over a longer term. The only way a lease would come close is if the capitilized cost was ridiculously low (almost never in your favor).
    fishexpo101, Sep 7, 2006
    #3
  4. Offline

    1337Rolla oh my

    Administrator
    Message Count:
    3,979
    Likes Received:
    31
    Trophy Points:
    748
    I say if you already have an evo 9 you're wasting your time getting an s2k, unless you want that rwd drifting feel. if you're set on an s2k I'd buy a slightly used one that has depreciated a few years and probably more than five thousand $.
    1337Rolla, Sep 7, 2006
    #4
  5. Offline

    Prodigy3006 Rubber Man

    Message Count:
    1,335
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Alabama
    hell, i love my stook, but the new ones are even cleaner. 06 had some very noteworthy changes and i wouldn't shy away from a laguna blue pearl 06 s2k. i wouldn't lease though...
    Prodigy3006, Sep 8, 2006
    #5
  6. Offline

    xplicitcorolla99 Active Member

    Message Count:
    2,201
    Likes Received:
    0
    Trophy Points:
    38
    Location:
    las vegas
    s200 is nice and all but with $34,000 i would a evo9 w/ssl or $32,00 w/o ssl or you can wait til the year end sale and you should get the evo9 just alittle few hundred below invoice.
    xplicitcorolla99, Sep 9, 2006
    #6
  7. Offline

    SaberJ2X Lurk MOAR

    Message Count:
    1,713
    Likes Received:
    7
    Trophy Points:
    398
    Location:
    Mayawest, PR
    S2000 is nice but even with the out stroked to 2.2L now, and the rpm reduced from 9000 to like... 8000rpm

    it's pretty weak in the low band rpms, below 3000rpms it doesn't even have 25% of power
    and in idle doesn't even have 3% lol....

    I recommend another car?
    miata?
    SaberJ2X, Sep 9, 2006
    #7

Share This Page