ok, i made the mistake of leasing my base 2004 rsx on a four year lease in may of 2004. i now have the oppurtunity to get a good deal on a 2003 type-s from a buddy of mine.

heres the problem,the buyout on my car is $20,400,and i know if i buy it for that, theres no way i can resell it for that much. or i have to pay $4000 to end the lease now according to honda finance.

if you guys know any other way to get around this without taking such as huch loss i would really appreciate it.

 

realistically? no. it's not worth getting into more debt over.

never buy a car from a friend either.

cars are bad investments.

 

stay with the base :/

 

look man, I had a 4 door civic lx (2003) AUTOMATIC before I got my 04 EP3. I lost approximately $5000, maybe more. BUT it was way worth it. I know I made a HUGE MISTAKE when I bought the 4 door civic. If you are really into speed and performace and you want to hook up your car, I say go for the 03 type S as long as its a BUY, NOT A LEASE.

 

i lost 3100 when i traded in my 05 base rsx for a 05 type-s after owning it for just a month, and i ended up losing even more cause my interest rate went up. It gives me a headache whenever i thought about the money, but all that goes away when i'm driving and it makes me smile ear to ear. Just weigh the pros and cons. If you want to make an investment and plan on hooking up your type-s and keeping it for a long time, then go for it. But if you just need a car to get you from A to B, just stay with the lease. All i know is when i had my base, everytime i saw a type-s on the streets i was kicking myself in the ***. Now i'm proud as **** to pull up next to another type-s and nod.

 

Why would you eat the negative equity when there are so many things out there for a base RSX in the aftermarket????

Instead of losing all that money hook the car up and plan on buying it out at the end of the lease. The other issue you will have is if you dont have the cash on hand you will have to get a bank to lend you the extra to get rid of the base and tack that on as negative equity to the new loan. Good luck getting a bank to do that on a private purchase, I hope your credit is stronger than death.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by giff74 &raquo;</TD></TR><TR><TD CLASS="quote">Why would you eat the negative equity when there are so many things out there for a base RSX in the aftermarket????

Instead of losing all that money hook the car up and plan on buying it out at the end of the lease. The other issue you will have is if you dont have the cash on hand you will have to get a bank to lend you the extra to get rid of the base and tack that on as negative equity to the new loan. Good luck getting a bank to do that on a private purchase, I hope your credit is stronger than death.</TD></TR></TABLE>

For real. I thought about trading my base in many times. But i weighed out the ***** and cons. The only pro really being having a faster car. I would lose about 5k on mine. Im choosing to keep my base. I plan on driving till it falls apart and slowly just build it up. for about 3k i could make a hell of a lot faster then a type s.

 

just keep the base

 

IMO you have 1 of 2 choices

get a bank loan to cover both amounts

or

claim financial difficulties and speak to a leasing manger at HOA - this is dishonest and you may go to hell for it but it usually works

 

keep the base almost same motor just put that extra 5k into the motor and u'll smoke ur homeboy...

 

the type s is not stock. just an intake/headers/hondata power wise,but has a hella nice suspension set-up,as well as the a-spec wing,and oem body kit. has 14k miles and he wants $19.5k