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Prices Paid: Buying & Leasing Experiences Porsche Boxster Lease Questions
188 messages, Last post on Nov 24, 2009 at 2:53 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: fun_driver (Dec 21, 2006 12:34 am) Here you go.. Porsche Boxster: Prices Paid & Buying Experience
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Replying to: kyfdx (Dec 21, 2006 7:36 pm) I'll take my question there. |
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Greetings Car_Man, I am looking to get into a lease on a 2007 Cayman (non S) and was wondering if the quotes I am getting from local dealers (so Cal) are accurate. I am looking for a 48mo/10K lease and will be making the purchase in Feb. After adding a few options my MSRP comes to $54,400. The dealer is offering a $3,000 off the MSRP and a T1 money factor of .0032. I would be putting $5000 total at drive off and he is quoting me a monthly after taxes of $730 which seems drastically high. By my numbers that payment would mean the car has a residual of 51%. My question is what would be an accurate residual (im guessing like 55%?) and is a .0032 money factor prime? Thanks for your help this forum is awesome! Fistt
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Car Man, I am looking at an 07 Boxter S with 1700 "factory rep" miles. Car has not been titled and would be sold as new. The MSRP is $65,665 and the dealer asking price at first vist is $61,500. I believe the price to be somewhat high for a car with those miles. Can you offer your opinion of this price? Also, can you tell me what the expected lease payment would be for 0 cap cost reduction, 36mo/12K and the money factor and residual % currently in effect?
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Replying to: gdr1 (Jan 14, 2007 7:26 am) |
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Replying to: gdr1 (Jan 14, 2007 7:26 am) You didn't ask me, but in my opinion that would be a high price for a brand new Boxster S, let alone one that is a 1,700 mile demo. Before buying a 911S Cab in 2005, I had considered the Boxster S. I was consistently getting quotes of 10% off for brand new in stock cars. I would expect similar pricing today. For a car with 1,700 miles, I would go for at least a 13-15% discount. But personally, I wouldn't even take that myself. I have a serious problem with a Porsche that's been a "demo" during the all important break in period. You can be virtually certain, the dealer and expert break in recommendations were NOT followed. Just shop around and get a new one for at least $5-6k off. |
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Thanks Habitat 1. I do appreciate the advice. I agree and would not purchase a demo car but I am less worried about the prior break on q lease, as I will be returning the car in 3 years well within the warranty termination and mileage limit. But I wouldn't be comfortable purchasing a car "off lease" for the reason you mention. Thanks also for your pricing impression. I agree that for a car with some mileage (and in January) a lower price is appropriate and am trying to figure out what that would be. I am not hearing the large discounts you mention from dealers I have visited - perhaps your experience was related to the big difference between the selling price of the 911 vs Boxter?
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Replying to: gdr1 (Jan 15, 2007 9:09 am) Actually, when I was shopping (summer/fall 2005), the 997 model 911 was "hot" and the DC area dealers were hardly dicoounting. I got a new 2005 in September, as the 2006's were incoming for $10k off MSRP from a Baltimore dealer. At that time, I was being quoted $6,000 - $7,000 off a new "leftover" 2005 Boxster S, or $5,000-$6,000 a "made to order" 2006. Getting a good deal on a Porsche definitely requires some shopping. I'd use their "dealer locator" feature to check inventories. There may also be some leftover 2006's out there that you can negotiate a good deal on. |
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Carman, with the encouragement of Habitat 1 I negotiated the price for the 07 Boxter S, msrp of $65,665 to $57,000 including delivery. The lease quote I received for 0 Cap cost reduction 36mo/10K miles yr is $876 including NJ 7% tax. Your view on this lease would be appreciated. I expect to pick up the car on Saturday (in 3 days). Thanks very much
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Replying to: fistt (Jan 09, 2007 5:36 pm) Car_man Host Prices Paid Forum |
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