- #31 of 188
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Re: '05 Boxster Lease [jerseyguy1]
by Car_man HOST
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Nov 15, 2005 (3:35 am)
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Replying to: jerseyguy1 (Oct 23, 2005 7:20 am)
No problem jerseyguy1. You must have been a good boy this year to get such a cool Christmas gift. I think that I'm only getting a lump of coal again .
Car_man
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- #32 of 188
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Re: Residuals & Money Factors [soupstar]
by Car_man HOST
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Nov 15, 2005 (3:45 am)
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Replying to: soupstar (Oct 27, 2005 8:25 am)
Hey soupstar. Unfortunately, Porsche hates to provide incentives on its products. It feels as though incentives only serve to hurt residual values / resale values and destroy brand image. They're right too. Porsche would rather cut production than provide incentives on its products. Having said this, occasionally at the end of the model year Porsche will give its dealers cash incentives to roll their leftover models into demo fleets for test drives and loaner cars. The dealers that take advantage of these offers often turn around and sell the demo vehicles right away. Having said this, I am not aware of any such offers, or any other incentives on the Boxster for that matter, at this time. I don't expect any to be introduced in the next couple of months either.
If you were to lease a 2006 Porsche Boxster through Porsche Credit right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00280 and 57%, respectively. this car's 10,000 miles per year residual value is 1% higher.
Car_man
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- #33 of 188
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Re: Residuals & Money Factors [soupstar]
by Car_man HOST
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Nov 15, 2005 (4:03 am)
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Replying to: soupstar (Oct 29, 2005 10:36 am)
Soupstar, the lease payment that you were quoted is nuts. I just worked up a sample Porsche Credit lease on a brand new 2005 Boxster without any miles that has an MSRP of $44,595 and a selling price of $42,000 and I came up with a 36 month, 12,000 miles per year zero down, pre-tax monthly payment of around $639. Boxsters are expensive cars to lease in general and used vehicles leases are not always the bargains that one might expect. Still, you definitely need to find a different dealer to work with.
Car_man
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- #34 of 188
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Re: 911 Lease Question [kjwbmwm5]
by Car_man HOST
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Nov 15, 2005 (4:07 am)
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Replying to: kjwbmwm5 (Nov 04, 2005 7:02 pm)
Hi kjw. I guess that the 911 is not popular enough a vehicle to merit its own lease discussion. I would be happy to answer any questions that you have about leasing one. According to the latest information that I have seen, if you were to lease a 2006 Porsche 911 Coupe non-S and without a Tiptronic transmission through Porsche Credit right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00280 and 61%, respectively. The numbers for an otherwise identical 48 month lease should be .00290 and 53%.
Car_man
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- #35 of 188
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Re: Assume a Lease, Auction,r Private Party [powderanimal]
by Car_man HOST
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Nov 15, 2005 (4:11 am)
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Hi powderanimal. In order to tell if the Boxster lease that you are considering assuming is a good deal, you can always compare the payment that you would have to pay for it to the payment for a similar brand new Boxster. I would be happy to help you do this. Just let me know the full MSRP and approximate selling price of a similar 2005 or 2006 Boxster and I will estimate what its lease payment should be for you using Porsche Credit's actual lease program.
Buying a used Boxster at a legitimate auction is definitely an option. The problem is that you have to be a dealer or work for one to get into real auctions. I do not personally know any brokers that I can recommend to you. Perhaps some other community member else out there does and would like to share.
I personally would be very hesitant to purchase a used vehicle without closely inspecting it in person, but tons of people purchase used vehicles on eBay.
Car_man
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- #36 of 188
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Re: '05 Boxster Lease [erictwiste]
by Car_man HOST
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Nov 15, 2005 (4:14 am)
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Replying to: erictwiste (Nov 08, 2005 8:54 am)
Hi erictwiste. I have not seen Wells Fargo's lease program for this car recently, but I would not be surprised if it is better than Porsche Credit's unsupported lease program for it right now. I can tell you want that is like for this car if you want.
Car_man
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- #37 of 188
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Re: Boxster S Lease
by fletch58
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Nov 23, 2005 (4:02 pm)
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Replying to: jkenyan (Sep 13, 2005 5:20 pm)
I am considering an 06 Boxster , sticker, $50,290, 12K miles. Just start up fees
Dealer came up with 36mth $867 & 48mth $807, both inc tax. He used 48K sticker which I know is high. What should this lease be ? They didn't have 05's, will that hurt me ?
Thanks in advance
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- #38 of 188
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Re: Boxster S Lease [fletch58]
by fletch58
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Nov 23, 2005 (6:46 pm)
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Replying to: fletch58 (Nov 23, 2005 4:02 pm)
I read the lease factors article and wrote a quick Excel spreadsheet to figure out the monthly payments. Now how do I find out what the money factor and residual for a Boxster 06 for both 36mth and 48mth lease ?
Thanks
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- #39 of 188
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Re: Boxster S Lease [fletch58]
by fletch58
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Nov 23, 2005 (8:02 pm)
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Replying to: fletch58 (Nov 23, 2005 6:46 pm)
One last question Where do you get things like money factors and Residuals ? Is it somewhere online ?
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- #40 of 188
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Re: 911 Lease Question [Car_man]
by kjwbmwm5
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Nov 26, 2005 (8:20 am)
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Replying to: Car_man (Nov 15, 2005 4:07 am)
Car_man,
Thanks so much for the information. Have been out of town, so did not see your reply until today. Okay, another question for you. I am looking at a Tiptronic (automatic transmission) how does this affect the lease numbers? Same time 36 and 48 months! Once again thanks, kjw
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