- #133 of 187
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Re: Finance questions? [hschultz]
by Car_man HOST
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Feb 15, 2007 (2:36 am)
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Replying to: hschultz (Feb 08, 2007 4:56 pm)
Hello hschultz. Porsche Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Porsche Boxster with a manual transmission and with 12,000 miles per year are .00310 and 68%, respectively. The numbers for the '07 Boxster S are the same. Boxsters that are equipped with Tiptronic transmissions have residual values that are 2% lower than ones that have manual transmissions.
Car_man
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- #134 of 187
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Residual Value used in Lease Calculation
by joechicago7
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Feb 27, 2007 (8:57 am)
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Replying to: Car_man (Feb 15, 2007 2:36 am)
When doing the lease calculation, I should be multipling the MSRP times the residual value percentage to get the residual value.
Should the MSRP used be the total MSRP which includes the delivery/destination charge?
Thanks
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- #135 of 187
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Re: Residual Value used in Lease Calculation [joechicago7]
by kyfdx HOST
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Feb 27, 2007 (9:05 am)
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Replying to: joechicago7 (Feb 27, 2007 8:57 am)
Yes.. MSRP including destination
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- #136 of 187
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Do 30-month leases exist?
by joechicago7
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Feb 27, 2007 (10:45 am)
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If they do, can someone please tell me the money factor and residual value % for a Boxster, manual tran, 30 month lease, 12k miles/year.
Thanks a lot.
Joe
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- #137 of 187
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Re: Do 30-month leases exist? [joechicago7]
by Car_man HOST
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Mar 19, 2007 (2:45 am)
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Replying to: joechicago7 (Feb 27, 2007 10:45 am)
Hi Joe. I don't recall ever seeing Porsche Credit residual values for 30 month leases. It may be possible for dealers to modify Porsche Credit's published lease program to provide consumers with a 30 month lease, but I am not sure. I can give you an idea of what this car's 36 month lease program is like though. Porsche Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Porsche Boxster without the Tiptronic transmission and with 12,000 miles per year are .00310 and 59%, respectively.
Car_man
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- #138 of 187
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Having Trouble getting a Fair Lease
by joechicago7
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Mar 19, 2007 (1:25 pm)
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Replying to: Car_man (Mar 19, 2007 2:45 am)
Thanks Car_man for the previous response.
I went to a Porsche dealership and the lease was way too high. The salesman just entered the numbers into the computer and got the lease amounts. He doesn't know or understand what the money factor is.
How do you negotiate leases when the salesman doesn't know how the calculations work?
Also, I live in Illinois which has horrible tax rules on leases so perhaps I shouldn't even try?
Thanks
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- #139 of 187
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Re: Having Trouble getting a Fair Lease [joechicago7]
by dhanley
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Mar 19, 2007 (4:14 pm)
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Replying to: joechicago7 (Mar 19, 2007 1:25 pm)
"The salesman just entered the numbers into the computer and got the lease amounts. He doesn't know or understand what the money factor is. "
I'm going to guess "sales technique"--he's hoping you'll just sigh and sign the lease deal.
I also agree about illinois. I'd just buy here...
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- #140 of 187
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Hopefully leasing a Boxster in So Cal in 2007.
by fredrickk
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Apr 03, 2007 (2:12 pm)
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Hello, all. I'm considering of leasing a regular Boxster later this year. I configured one, through Carsdirect.com, and the car comes to about $50k even (Carsdirect price). The options I'm interested are as follows:
Preferred Package w/ Tiptronic
Xenon Headlight package
18-inch Boxster S wheels
I have a somewhat decent down payment (around $6k). I'm in So Cal. Anyone leased one at around that price range? What kind of payments should I expect? Also, how's the maintainence? Thank you all very much for the information.
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- #141 of 187
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Re: Having Trouble getting a Fair Lease [joechicago7]
by Car_man HOST
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Apr 23, 2007 (3:03 am)
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Replying to: joechicago7 (Mar 19, 2007 1:25 pm)
No problem joechicago7. It doesn't matter what the salesperson that you are working with understands. Just negotiate as low a selling price as possible on the car that you are interested in. Then have the dealer calculate its monthly payment using Porsche Credit's buy rate lease money factor. If the salesperson that you are working with doesn't understand what that is, ask for a salesperson or manager who does. You're right about Illinois having terrible sales tax rules for leased vehicles. You may want to compare the payment that you are quoted on a lease to the payment for a balloon note or a conventional finance contract.
Car_man
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- #142 of 187
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Re: Hopefully leasing a Boxster in So Cal in 2007. [fredrickk]
by Car_man HOST
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Apr 23, 2007 (3:09 am)
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Replying to: fredrickk (Apr 03, 2007 2:12 pm)
Hi fredrickk. In your post you mentioned that you have $6,000 to use as a down payment for your lease. It really is not in your best interest to make a large down payment when leasing. Consumers who make large capitalized cost reductions on leased vehicles risk losing them it their car or truck is totaled in an accident or stolen and never recovered. All you have to pay at lease signing are your car's monthly payment, a security deposit equivalent to its payment rounded up to the nearest $50 increment, Porsche Credit's $745 acquisition fee, and any required state taxes or fees.
I would be happy to use Porsche Credit's current lease program to estimate what your monthly payment would be on the Boxster that you are interested in right now, but in order for me to do so I need you to provide me with both this its MSRP and its approximate selling price.
Car_man
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