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Prices Paid: Buying & Leasing Experiences Porsche Boxster Lease Questions
179 messages, Last post on Jul 20, 2008 at 8:11 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| I'm interested in leasing an S and would like some insight. Located in S. FL | |
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Hi jkenyan. It sounds as though you may be new to leasing. If that is the case, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. When negotiating leases, it is important to remember two things: the selling prices of leased vehicles are negotiable and that dealers can mark-up banks' lease money factors to add additional back-end profit to deals. Negotiate as low a selling price as possible on the Boxster that you want, just as if you were paying cash for or leasing it. Then have the dealer that you are working with calculate a lease payment on it using Porsche Credit's buy rate lease money factor. If you let me know how long you want to lease this car for and how many miles per year you need to be able to drive it, I will be happy to give you an idea of what its current lease program is like. If you provide me with its full MSRP (with the destination charge added in) and an approximate selling price, I can work up an approximate lease payment for you as well. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Sep 09, 2005 4:03 am) Would you mind estimating a base Boxter, (MSRP-$43,800), (Invoice-$38,172) less destination chgs and the S (MSRP-$53,100), (Invoice-46,314) less destination chgs. A salesman told me today that you can figure about $28/mo. per $1000 of options. True? I have not negotiated selling prices, yet. Thanks, John |
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Replying to: jkenyan (Sep 13, 2005 6:20 pm) But, for every $1000 increase in MSRP, the payment should only go up by $12-$15 per month... Divide the lease payment by the MSRP, and you'll get a good rule of thumb.. For example, if a $50K car has a lease payment of $700/mo., then the same car with a $51K MSRP, should have a payment of around $714/mo.. $28/mo.? That is the increase if your selling price goes up by $1000 on the exact same car.. regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Sep 14, 2005 4:44 am) |
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Thanks for the additional information, John. I need you to provide me with this car's prices including the destination charge in order to calculate an accurate lease payment for you. I notice that your most recent quote includes a $5,000 capitalized cost reduction. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Boxster would be exactly the same, regardless of whether you had put $5,000 down, or had made absolutely no down payment at all. Car_man Host Smart Shopper / Prices Paid Forums |
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| Hi CarMan: Do you have any reliable info on money factor and residual percentages for the 2005 and 2006 Boxsters? I know how to calculate the lease, just want to see what you feel is out there right now. I've had dealers try to mark up the money factor on me in the past. I'm looking at ordering one in a month or two (probably 2006 model) for Feb or March delivery. I know that there's no way that I can predict what rates will be at that time, but just want to get a feel for how porsche handles their lease rates. I'm assuming that I cannot "lock-in" any rates prior to accepting delivery of the vehicle. Is that accurate? Thanks! Cheers! | |
Excellent user id, martini4me  . Yes, I have seen Porsche Credit's current lease program for the 2005 and 2006 Boxster. As usual, Porsche is not providing any sort of money factor support on this car. As a result, if you were to lease one through Porsche Credit right now you would have to use its standard lease money factors. Its buy rate standard money factor for a 36 month lease is .00270 through the end of October. It is difficult to say what its money factors will be like after that date. I am not sure if Porsche allows consumers who order vehicles to lock in their lease program at the time that the order was placed. I am sure that your dealer will know the answer to this question. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 28, 2005 4:11 am) I have a question regarding leasing as well. I am looking to purchase a 05 Boxster due to the fact that the dealers in my area are offering $5,000 off msrp. I am planning to negotiate even more, perhaps $6-7000 off and would like to know how much my month leasing payment would be. The msrp of the car including destination charge is about $49,500, so with the discount, let's say $6000 off would be $43,500. I am planning to put no down, do a 3yr and 12k miles/yr lease, and my sales tax is 8.25%. If you can help me come up with some figure on how much it will cost me, that would be greatly appreciated. I have always pay cash for my cars and this is the first time I am considering leasing. Thanks!! |
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Hi davezaristo. I would be happy to give you an idea of what your lease payment should be like on the car that you are interested in right now. If you were to lease a 2005 Porsche Boxster (not the S model and without Tiptronic) with an MSRP of $49,500 and a selling price of $43,500 through Porsche Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $656. By the way, since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. Car_man Host Smart Shopper / Prices Paid Forums
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