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Porsche Boxster Lease Questions

187 messages,  Last post on Oct 19, 2009 at 11:18 AM

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

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#142 of 187 Re: Hopefully leasing a Boxster in So Cal in 2007. [fredrickk] by Car_man HOST Apr 23, 2007 (3:09 am)
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 Host Prices Paid Forum
#143 of 187 2007 Boxster lease in LA by topcat3 Jun 09, 2007 (10:29 pm)
Looking to lease a 2007 Boxster through my business. Spoke to a dealer referred by costco. Here are the numbers, please let me know if they make sense.    Metallic color  Standard Leather interior  Bi-Xenon Headlamp Package  18" Boxster S Wheel  Preferred Package w/Tip   price quoted 51,365.00 lease factor .246 through US bank ($0.18/extra mile) 36 month, 25,000 miles/year 0 down, 0 drive off (all fees rolled into lease) monthly payments $1,203.14   Residual value 47% of MSRP - extra miles = $20,155   *I'm leasing through my business. 80% of lease payments are tax deductible. This is why I'm forcing depreciation with the 25K miles/year.   Can you please let me know if this is a good deal? The $51,365 price seems high to me, but how much does it matter over a 3 year lease? Do the lease numbers add up?      Thanks,   TC Replies to this message: Car_man (Jun 28, 2007 2:06 am)
#144 of 187 Porsche Boxter by ron11612002 Jun 25, 2007 (1:58 am)
hello Im not sure what car I want to Buy. But im looking at the Z4 coupe BMW and the porsche boxter. I went to the porsche website and the lease seems way too high. Plus I dont know about the service at porsche. My mom owned a bmw and the service was covered for a year. If anyone can tell me how much the lease would cost on a boxter for 3 years. If its in the 400 range, Im good but anything higher is a no go. Plus My parents are well off but no way rich.   Thanks Ron Replies to this message: Car_man (Jun 28, 2007 2:27 am)
#145 of 187 Re: 2007 Boxster lease in LA [topcat3] by Car_man HOST Jun 28, 2007 (2:06 am)
Replying to: topcat3 (Jun 09, 2007 10:29 pm) Hi topcat3. You were smart to find out the exact selling price of the Boxster that you want to lease. Do you know its MSRP as well? If so, let us know what it is. It will show us how much of a discount you are being given on this car and it will enable me to use Porsche Credit's current lease program to estimate what your monthly payment should be.   Car_man Host Prices Paid Forum
#146 of 187 Re: Porsche Boxter [ron11612002] by Car_man HOST Jun 28, 2007 (2:27 am)
Replying to: ron11612002 (Jun 25, 2007 1:58 am) Hi Ron. Porsche never really provides any sort of lease support on the Boxster, so leasing one is usually pretty expensive. On the other hand, BMW has a pretty good lease program on the Z4 right now. I would be happy to give you an idea of how much a lease on the Boxster that you are interested in would cost right now. In order for me to do so I need you to provide me with the MSRP and approximate selling price of the exact model that you want.   Car_man Host Prices Paid Forum
#147 of 187 I didn't do my due diligence,,,, by tesla43 Jun 28, 2007 (5:15 pm)
Car man,,I would like you to assess my recent situation and tell me how badly I got screwed by my dealership. I went ahead and leased a Porsche Cayman S without really understanding the leasing process. Dumb move on my part. Anyway, the car is metallic slate grey with black interior. The original MSRP was $66,650.00 and did not really include that many options. I ended up getting the vehicle for $59K. However, I had a Mazda RX8 that was only two years old and in excellent condition with only 7,350 miles on it that I basically gave to them for $16,850 which is what I owed on the car. I knew that Edmund's said I could get $19K but they gave me a bunch of double talk about how they go by this supposed "black book" which listed my car for the price of "$16,500.00." Because I did not understand the lease process I figured that if I put down a larger down payment it would work for me in regard to a much lower monthly payment. At the time, both the sales person and leasing agent were not offering up a lot of information as to how the lease really worked. Long story short. I really wanted the car and didn't think to scrutinize the deal until after the fact. The ugly truth is I now have a monthly payment of $740/mo, a 60 month lease, and I am out a down payment of 5K that I really did not need to make. I called the salesman back the following day when I started to panic and at that time he finally told me "that I did not have to make such a large down payment." It turns out that for every one-thousand dollars you put down it lowers your monthly by only twenty lousy dollars. I'm feeling pretty bad at the moment. Is this deal as bad as I feel like it is? Is there any kind of silver lining here? Your comments are much appreciated.   Thanks, Tesla Replies to this message: joechicago7 (Jul 08, 2007 10:38 am) Car_man (Aug 06, 2007 1:34 am)
#148 of 187 Re: I didn't do my due diligence,,,, [tesla43] by joechicago7 Jul 08, 2007 (10:38 am)
Replying to: tesla43 (Jun 28, 2007 5:15 pm) A few comments:   - 60 months is a really long lease. Leases are usually no longer than the warranty lasts. Couldn't you of gotten close to the same deal on the 36 month leaase? - On a 60-month lease, each $1,000 of down payment saves you $20/month. That is correct. So I don't think you necessarily got screwed by putting down money. Please refer to Car Man's specific warning about putting any money down on any lease. - Regarding the trade-in, it sounds like you got a trade in value equal to the outstanding loan. Not necessarily getting screwed.   If you didn't like the deal of you felt you needed more information then you should of waited. Not sure why you did it if you were going to make this post shortly after.
#149 of 187 911 lease rates by psmd Jul 12, 2007 (6:50 am)
If possible, please post lease money factors and residual values for a 2007 C4S Cab/tip. For 12-15-20K miles. Thanks Replies to this message: Car_man (Aug 06, 2007 1:43 am)
#150 of 187 Box S 2007- lots of fun by heusler Jul 26, 2007 (6:49 am)
Have now had the car for a week and loving every mile. Came out of a bmw, which I really enjoyed, but this is a very different experience. My question comes down to the break-in period. I have been keeping the car below 4k rpm, but since this is a commuter/weekend car, it will take some time to hit the 2k miles. What is the real deal on the break-in? Dealer suggest just keeping the rpms varied (not running over 4k for an extended period of time) Also, dealers are making great deals. Did my research and ended up just slightly over the invoice price. If your looking, now is the time! Replies to this message: habitat1 (Jul 30, 2007 2:44 pm) Car_man (Aug 06, 2007 1:49 am)
#151 of 187 Re: Box S 2007- lots of fun [heusler] by habitat1 Jul 30, 2007 (2:44 pm)
Replying to: heusler (Jul 26, 2007 6:49 am) Break-in is important on Porsches. My dealer, a former factory engineer, told me during break in that, in addition to the 4,300 rpm limit, and vary speed/rpms, to AVOID SHORT HOPS. His rule was, don't start the car unless you intend to drive it for 15+ minutes and allow not just the water, but the oil temperature to reach full operating temperature and hold it there for 5-10 minutes. That allows all engine components, gaskets, seals etc. to fully expand and contract during break in.   My dealer claimed never to have seen an RMS (rear main seal) leak from buyers that followed this advice. For those that didn't, they fared much worse down the road. I've since heard this same advice from experts who own / service Porsches, Ferraris, etc. Oddly, it's nowhere to be found in the owners manual.

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