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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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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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Replying to: gdr1 (Jan 14, 2007 7:26 am) As far as this car's lease program goes, Porsche Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Porsche Boxster S without the Tiptronic transmission with 12,000 miles per year are .00310 and 60%, respectively. Car_man Host Prices Paid Forum |
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Replying to: gdr1 (Jan 16, 2007 8:15 pm) Car_man Host Prices Paid Forum |
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Car_Man I would appreciate your opinion on the residual value of a 2003 Boxster S that msrp'd in 2003 for $57790. I am buying the car from the original owner and it is either a case of he had a 36 month lease and paid x to keep it and wants his resid back on sale or it is a 48 month lease coming due in October and he will want his resid paid. I would like to be able to approx his resid so I know where his point of pain is. btw car has only 6000 miles....Thanks much!
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