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Porsche Boxster Lease Questions

286 messages,  Last post on May 15, 2013 at 3:03 PM

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

Messages Page 26 of 29

#250 of 286 Fair Lease Deal? by tturedraider2

Aug 29, 2011 (11:52 pm)

Carman,
 
I was given a lease offer on a 2011 Boxster with the details below. Is this a fair deal, should I be running to the dealership?
 
MSRP: 58240
Selling Price: 53240 ($5000 discount for "demo" car only 100 miles on it)
 
Terms: 24 months (I want a short lease)
Total Money Down: $3000
Total Monthly Payment with tax: $700.
 
10,000 miles per year.
 
Using the equations and current months factor payments come out to be a little more, but the residual the equation uses is just too low.
 
Im paying a total of $19,800. FPS says the car is worth 33,400 at the end of lease. Im not looking to buy it afterwards and the current price of a 2 year old Boxster is closer to 40,000. Thats a $6,600 gap. I know some ppl are able to get positive gaps not negative gaps. Is that possible with Porsche?

#251 of 286 Re: Fair Lease Deal? [tturedraider2] by Car_man HOST

Sep 06, 2011 (3:58 pm)

Replying to: tturedraider2 (Aug 29, 2011 11:52 pm)
Hi tturedraider2. A $5,000 discount seems reasonable on this car. The payment that you were quoted looks good...for a zero down lease before tax. If the entire $3,000 that you mentioned putting down were to be applied as a capitalized cost reduction, it would drop this car's pre-tax payment to around $573.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#252 of 286 2011 or 2012? by ihitcows

Sep 06, 2011 (7:05 pm)

Car_man,
 
What is Porsche Financial Services’ September buy rate lease money factor and residual percentage for a 36-month lease of a 2011 Porsche Boxster S (with PDK) with 12,000 miles per year?
 
Also, I am open to any lease terms that will yield the lowest possible drive-off and monthly payment for this car. Is it wiser to lease a 2012 model? Are shorter-term (i.e. 18-month) leases still available, and, if so, are they a better deal?

#253 of 286 Re: 2011 or 2012? [ihitcows] by Car_man HOST

Sep 19, 2011 (5:00 pm)

Replying to: ihitcows (Sep 06, 2011 7:05 pm)
Here you go ihitcows. Porsche Financial Services' September buy rate lease money factor and residual value for a 36-month lease of a 2011 911 Boxster S with PDK and 12,000 miles per year are .00118 and 54%, respectively for consumers who qualify for its top credit tier.
 
The lease program really isn't any better on the 2012 model so you're probably going to be better of going with the 2011 and the bigger discount that you are likely to get on it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#254 of 286 Boxster Lease return problem Never lease a Porsche! by sanibeldan

Dec 02, 2011 (7:44 pm)

I am on my fourth Boxster since 2001 and I'm still in love but I leased my last one and the return has turned into a nightmare! I was contacted by Porsche Financial Services 6 months before my lease was to end about getting out early. I bought another Boxster from The Collection in Coral Gables Florida 3 months early and they advised they would handle the return. Big Mistake! I got a bill for over $5,500 from PFS. They nitpicked me on everything! The front tires I understood but $3,500 for a small mark on drivers side of top. I had it in for top service at Naples FL Porsche and they repaired a cable and advised the top damage was normal wear and tear. How can I be charged for top damage on a top that is still under warranty? I live in Florida and my top goes down everyday. If it's normal wear I shouldn't be charged. If the top can't withstand use for 33 months it should be covered under warranty. Why does PFS treat loyal Porsche customers like this? I was just called and advised they will charge this off next week if not paid. Any advice on this would be appreciated. I'm considering letting them charge it off and they can come and get my current Boxster and I will switch to BMW. Any lawyers that will take my case? I'd rather give you the money than PFS! This is pretty long but I am fuming!

#255 of 286 Re: Boxster Lease return problem Never lease a Porsche! [sanibeldan] by skobola

Dec 19, 2011 (11:59 pm)

Replying to: sanibeldan (Dec 02, 2011 7:44 pm)
Do not expect that BMW will be better. Although I do not have as negative experience as you do, I have found that once they find that they have you, they will not really do you any favors and/or deals. For example, I have been buying/leasing BMWs since 1990, and the further I go, less attentive and fair they are. Unfortunately, I have not found any alternative, except Mini, which is BMW as well... I have even considered a Porsche, but have never found it being able to match the offers by BMW, and therefore, I did not switch.

#256 of 286 Re: Boxster s [Car_man] by ifxgums

Mar 15, 2012 (10:13 pm)

Replying to: Car_man (Jul 14, 2011 4:34 pm)
I was wondering if you could give me the updated money factors on a 2012 Boxster S black edition. Also, I don't know if Porsche has any special dealer incentives since the new edition is coming out soon. Thanks.

#257 of 286 Re: Boxster s [ifxgums] by Car_man HOST

Mar 27, 2012 (5:15 pm)

Replying to: ifxgums (Mar 15, 2012 10:13 pm)
Hi ifxgums. I don't think that Porsche's lease program has changed in a while. According to the latest information that I have seen, Porsche Financial Services' buy rate lease money factor and residual value for a 36-month lease of a 2012 Boxster S Black with 15,000 miles per year are .00200 and 56%, respectively for consumers who qualify for its top credit tier.
 
If I was in the market for a new Boxster I personally might be tempted to wait until April to get one. It's program might be better then.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#258 of 286 2013 Boxster Residual & Money Factor by cotoca82

May 31, 2012 (2:15 pm)

Hi Car Man,
 
Do you happen to know the residual and MF on the new 2013 Boxster? I am looking for a 24-36 mo lease with 12K -15K miles per year on the base model.
 
Thanks!

#259 of 286 Re: 2013 Boxster Residual & Money Factor [cotoca82] by Car_man HOST

Jun 24, 2012 (4:26 pm)

Replying to: cotoca82 (May 31, 2012 2:15 pm)
I certainly do, cotoca82. According to the latest information that I have seen, Porsche Financial Services' current buy rate lease money factor and residual value for a 24-month lease of a 2013 base Boxster with 15,000 miles per year are .00200 and 63%, respectively for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical 36-month lease are .00200 and 56%.
 
If you were to lease with only 12,000 miles per year, this car's residual values would be 2% higher.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 26 of 29

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