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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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I have received an offer for a Porsche Boxster w/ an MSRP of $54380 for $3000 less. I want to lease it for 4 years. Dealer asks for $3000 down and $691 + tax with a residual of 43%.He said his money factor is .00178. Also that residual is non-negotiable being 52% for 3 yrs, 43% for 4 yrs and 35% for 63 mos. Also, can I get gap insurance and reduce the required down? If I pay more down, is the reduction in monthly commensurate with the added upfront cost? Can you reveal your secret lease calculator algorithms. Pretty savvy in Excel, I am. If you can help me and I buy the Porsche and you pass by in LA (now) or San Diego after I move there, dinner is on me for you and your gal and my wife. How about that for a minor incentive. Anyway you might be my first Porsche friend. Redvariable
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Replying to: kjwbmwm5 (Nov 26, 2005 8:20 am) Did not want to push but wanted to make sure you got this so I have reposted. Thanks, kjw Thanks so much for the information. Have been out of town, so did not see your reply until today. I am looking at a Tiptronic (automatic transmission) how does this affect the lease numbers? Same time 36 and 48 months! Original information - 2006 911 (Non-S) coupe, would like lease numbers for 36 and 48 months. You had provided figures above but stated that Automatic transmission would change figures - so can you please provide those? Once again thanks, kjw
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Replying to: fletch58 (Nov 23, 2005 4:02 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: fletch58 (Nov 23, 2005 8:02 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: kjwbmwm5 (Nov 26, 2005 8:20 am) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: redvariable (Nov 29, 2005 10:15 pm) I notice that you are considering making a $3,000 capitalized cost reduction on your car. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Boxster would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all. You should be able to develop an Excel spreadsheet that will help you estimate lease payments by using the formula that is outlined in the following article: Calculate Your Own Lease Payment. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: kjwbmwm5 (Dec 01, 2005 10:37 am) Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Dec 02, 2005 3:30 am) Thanks so much for the information - however, I am a little confused and want to make sure I have the correct numbers when I discuss this with the dealer. Your original post of November 15 stated that the money factor and residual for the 911 Manual was .00280 and 61% for 36 months and .00290 and 53% for 48 months. Your last reply indicated that the 911 and Boxster figures were the same - however the figures you give for the Boxster are .00280 MF but 58% for the residual for 36 months and 50% for 48 months. Since I am already going to give up 2% it appears for the Automatic I want to make sure I have the right Residual numbers to use in my calculations - can you please verify the figures for the 911 Non S Coupe both Automatic and Manual please. Thanks so much, kjw |
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Replying to: kjwbmwm5 (Dec 02, 2005 5:55 am) Re-posting message - thanks for any help! kjw Thanks so much for the information - however, I am a little confused and want to make sure I have the correct numbers when I discuss this with the dealer. Your original post of November 15 stated that the money factor and residual for the 911 Manual was .00280 and 61% for 36 months and .00290 and 53% for 48 months. Your last reply indicated that the 911 and Boxster figures were the same - however the figures you give for the Boxster are .00280 MF but 58% for the residual for 36 months and 50% for 48 months. Since I am already going to give up 2% it appears for the Automatic I want to make sure I have the right Residual numbers to use in my calculations - can you please verify the figures for the 911 Non S Coupe both Automatic and Manual please. Thanks so much, kjw |
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I was curious about what a lease price for a 2006 Carrera 4S Should be? I saw one at Newport Auto Center with a sticker price of about 100K. What are your thoughts on how much can be negotiated on this price. What would I be looking at for a 4 year lease with 15k miles a year with no down payment. Thanks. Slayer
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