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Porsche Boxster Lease Questions

186 messages,  Last post on Nov 06, 2008 at 9:56 AM

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What is this discussion about? Porsche Boxster, Car Leasing, Convertible

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#177 of 186 Re: 2008 Boxster S Money Factor/Residual [bleon] by Car_man HOST May 21, 2008 (3:32 am)
Replying to: bleon (Mar 18, 2008 9:47 am) Here's the information that you're looking for, bleon. Porsche Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Porsche Boxster S with a manual transmission and 10,000 miles per year are .00250 and 62%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: kyleluken (Jul 20, 2008 6:09 pm)
#178 of 186 Car_Man can you please help me out by kyleluken Jul 20, 2008 (6:09 pm)
Replying to: Car_man (May 21, 2008 3:32 am) Hello I am about to lease a boxster 2008 with the new promotional lease program. They are offering a 36 month lease for non s boxster with 10,000 miles/year with a money factor equivalent to 3.1% and a residual of 62%. The MSRP on boxster I am looking to lease is $54080.00. Without asking a question, the salesman dropped the price to $51,000.00. I wanted to know if you think this is a good deal to proceed with or should I try to haggle down another 1000 or so??? How about money factor and residual?   Thanks   It seems like you are an expert, so hopefully you will get this before tomorrow!   Thanks Kyle
#179 of 186 another comment/ question from prior posting by kyleluken Jul 20, 2008 (8:11 pm)
Hello in above posting I said that interest rate was 3.1% but based on my calculations, it appears that the money factor is .0031. So if that is the case, is this a good deal for the promotional lease program? It seems high as it is 7.41%. The dealer told me that the special lease program had to do with a higher residual value than normal (62% in this case).   One final question, can you please confirm money factor and residual for 2008 boxster s currently. Is it the same as non s boxster?   Thanks very much Replies to this message: Car_man (Aug 12, 2008 3:42 am)
#180 of 186 Re: another comment/ question from prior posting [kyleluken] by Car_man HOST Aug 12, 2008 (3:42 am)
Replying to: kyleluken (Jul 20, 2008 8:11 pm) Hi kyleluken. To the best of my knowledge, Porsche is not currently providing support on the Boxster. As a result, if you were to lease one through Porsche Credit, you would have to use its standard lease program. Porsche Credit's current standard buy rate lease money factor is .00250. This is equivalent to an interest rate of around 6%. Make sure that the dealer that you get your car from uses this factor and not the .00310 factor that you mentioned.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#181 of 186 Cayenne lease by toosa Aug 22, 2008 (2:49 pm)
Hi I am looking to lease a Cayenne and am open to either a 2008 or 2009. Do you have recommendations as to which is best way to go? What should I keep in my mind when negotiating? What is the lease factor on a Cayenne? Thanks Replies to this message: Car_man (Sep 11, 2008 4:15 am)
#182 of 186 Re: Cayenne lease [toosa] by Car_man HOST Sep 11, 2008 (4:15 am)
Replying to: toosa (Aug 22, 2008 2:49 pm) Hi toosa. Interestingly, Porsche Credit's lease programs for both the 2008 and 2009 Cayennes appear to be exactly the same...even their residual values. If this is indeed the case, then the '08 model will likely be the better one to lease right now as dealers are probably more willing to deal on them to unload their leftover inventory. The lower your truck's selling price is, the lower its monthly payment will be.   Porsche Credit's current buy rate lease money factor is .00250 on all vehicles for consumers who qualify for its top credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#183 of 186 by zipforia Oct 05, 2008 (10:37 pm)
I read about money factor, residuals, etc. Who cares? I don't give a sh*t what that is. All I care is what I'm putting down, how much I'm paying per month, how many months I'm paying, and how many miles I can drive. I realize money factor and residual, price of the car all have saying in what the monthly payment will be. But that's not my concern. That the dealer's concern. As long as they give me the down and payments I want, I'm happy. It's their job to fudge the numbers (money factor, residual, etc) to get to where I'm happy.   Z.
#184 of 186 2008 Porsche Boxster by kimmeth Oct 09, 2008 (4:51 pm)
So like every one else I see what is going on in the financial markets. I am looking to lease a Boxster and yes the deposit, factor, residual, miles are all important. While the dealers say rates are not important and factor and residual are the key elements I disagree. Market rates help to set the factor.   My sales guy is either playing dumb or clueless on this topic.   I am looking for a low end boxster. I plan to upgrade some of the features like blue tooth, XM and GSP at car toys. Better system at lower cost.   So I am looking for a place to get a good deal - thoughts?   Also, for those of you who have leased a Boxster, has the car held it's residual? I am returning a 330 CI 2004 and it is low in miles and perfect shape. Has not help the residual.   thanks
#185 of 186 by zipforia Oct 10, 2008 (8:57 am)
I asked for a Boxster S at $2500 Total Drive Off with $500 per month for 36 months at 12k. They wanted $790 per month instead. So I walked out. I won't pay more than $600 (incld) tax for a Boxster S.   Z. Replies to this message: mannyljr (Nov 06, 2008 9:56 am)
#186 of 186 Re: [zipforia] by mannyljr Nov 06, 2008 (9:56 am)
Replying to: zipforia (Oct 10, 2008 8:57 am) You won't get a new Boxster S for a $600 a month lease. At $45,000 financed, the Porsche web site calculates $548.88 for a 36 month, 12K mile lease. You can get a base model in that neighborhood, but not an S.

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