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Porsche 911 Lease Questions

245 messages,  Last post on Dec 05, 2009 at 6:33 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Porsche 911, Car Leasing, Car Buying, Coupe, Convertible


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#11 of 245
Re: MF for a new 2006 911 C2S? [ceperry] by Car_man HOST
Oct 22, 2006 (3:10 pm)
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Hey Christina. Yes, Porsche Credit's buy rate lease money factor is the same for 2007 and 2006 models (it's the .00310 that you mentioned). The dealers that you spoke with are probably trying to take advantage of the fact that consumers would rather have a 2007 model than a 2006 model and the fact that the '07s have higher residual values right now by marking up Porsche Credit's buy rate on 2007 models.
 
Car_man
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Prices Paid Forum

 
P.S. I had to delete your original post because it contained masked profanity, which violates the Edmunds.com Forums' membership agreement.
#12 of 245
Re: 2007 C2S Lease Rates / Residuals [jkwireless] by Car_man HOST
Oct 22, 2006 (3:20 pm)
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Replying to: jkwireless (Oct 17, 2006 10:25 am)

I haven't seen ALG's residual values for the 2007 Porsche 911, but I have seen something better, Porsche Credit's residual values for it. If you were to lease a 2007 Porsche 911 C2 Coupe with Tiptronic through Porsche Credit right now for 36 months with 15,000 miles per year, its residual value should be 60%. The residual value for an otherwise identical 48 month lease is 54%. If you were to lease this car with only 12,000 miles per year its residual values would be 2% higher.
 
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#13 of 245
MF for 2006 C4 cab by ajitpk
Oct 23, 2006 (5:06 pm)
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Dear Carman,
 
What are the residuals for a 2006 C4 cab manual vs a 2007 C4 cab manual 36 and 48 month with 12,000 miles. I am able to get about $10000 off the 2006 so figuring if its worth leasing that instead of a 2007.
Thanks
#14 of 245
Re: MF for 2006 C4 cab [ajitpk] by bwedotnet
Oct 30, 2006 (4:21 pm)
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Replying to: ajitpk (Oct 23, 2006 5:06 pm)

I am in a similar situation. What I have found is that the 2006's are heavily discounted (~$10K off) but also have much lower residuals (8% lower).
 
For example
2006 C4, MSRP $95K, Sell $85K, Residual 54%
2007 C4, MSRP $95K, Sell $92K, Residual 62%
 
If you run the numbers the lease payments are about the same. For me, the conclusion was to build a 2007 car exactly how I want it ($87K) and get $2-$3K off MSRP. The payment is about the same as as if I got a discounted 2006 car with many options I do not want.
 
I hope this is useful info.
#15 of 245
Re: MF for 2006 C4 cab [bwedotnet] by martinf
Oct 30, 2006 (11:31 pm)
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Replying to: bwedotnet (Oct 30, 2006 4:21 pm)

You are making the right call. If you were purchasing, the 2006 would be the better deal, but if you are leasing, the loss of 8% on your residual will cost you about $7600, entirely wiping out the discount advantage on the 2006 car.
#16 of 245
911 Carrera Coupe lease payments by gblind8
Nov 03, 2006 (3:50 pm)
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I received a quote for $1,200/month, tax already included, for a 36 month lease with 12k miles/year for a 2007 911 Carrera with an MSRP of $74k.
Residual is 57%. $0 down.
 
Is this a fair monthly payment?
 
Thanks in advance.
#17 of 245
porsche 911 - turbo 2007 by tabiggs
Nov 04, 2006 (9:42 pm)
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can anyone help me come up with leasing 130,000.00 TT&L included for 36 months, 12,000 miles per year i couldnt find any residual values for this model.
#18 of 245
Re: 911 Carrera Coupe lease payments [gblind8] by martinf
Nov 04, 2006 (10:09 pm)
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Replying to: gblind8 (Nov 03, 2006 3:50 pm)

What is the discount they are giving you against the MSRP of $74,000 and what is the money factor they are charging you? I could figure one of those out if you gave me the other, but it would save me a little work to have both. If you are interested, cars.com has an extremely user friendly lease calculator on their website that I generally use to double check lease numbers for myself and friends.
#19 of 245
Re: 911 Carrera Coupe lease payments [martinf] by gblind8
Nov 04, 2006 (10:32 pm)
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Replying to: martinf (Nov 04, 2006 10:09 pm)

Unfortunately, I do not have the exact discount off the $74k. Money factor is .00330 and residual is 57%. Thanks again.
#20 of 245
Re: 911 Carrera Coupe lease payments [gblind8] by martinf
Nov 05, 2006 (12:32 am)
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Replying to: gblind8 (Nov 04, 2006 10:32 pm)

Alright, you made me work a little harder, but no problem. I assumed a sales tax of 7% and was able to back out from your other numbers that your capitalized cost (discounted price) is $69,500, about $4500 under MSRP. Your Money Factor equates to an interest rate of just under 8% (.00330 x 2400). If those are the Porsche Financial residual factors and money factors, your discount seems reasonable. The dealership should give you the information on the capitalized cost at some point prior to you signing the contract. I have not been shopping the vehicles for awhile, but I did get $10,000 off MSRP in 7/06 for a 2006 C4 Cabriolet with MSRP of $93,000, purchase price of $83,000. Good luck, they are awesome vehicles!

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