- #105 of 227
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Re: '08 Carrera November Lease Rates - Carman [kerb]
by Car_man HOST
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Dec 04, 2007 (2:16 am)
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Replying to: kerb (Nov 21, 2007 8:42 pm)
Hello kerb. Through the end of the year, Porsche Credit's buy rate lease money factor and residual value for a 36 month lease of a 2008 Porsche 911 Carrera without the Tiptronic transmission or X51 options with 12,000 miles per year are .00310 and 54%, respectively. The numbers for an otherwise identical 39 month lease are .00310 and 53%. This car's 10,000 mile per year residual values are 1% higher. Porsche Credit charges a $745 acquisition fee on every vehicle that it leases.
You should be able to find this car's dealer invoice price by looking it up in the New Vehicle Pricing section of Edmunds.com. Unfortunately, I am not intimately familiar with what the market is like for this car right now so I can't give you an idea of what sort of price to aim for.
Car_man
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- #106 of 227
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Re: '08 Carrera November Lease Rates - Carman [Car_man]
by matthewdb
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Dec 27, 2007 (9:27 pm)
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Replying to: Car_man (Dec 04, 2007 2:16 am)
Hey Carman,
So I can get a 4.4% lease rate from my bank for 36mos. I see that Porsche is about 7.5% will I lose anything by going with my bank? I'm looking at a 911 cab, base with no addons(87000ish).
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- #107 of 227
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Re: '08 Carrera November Lease Rates - Carman [matthewdb]
by kerb
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Dec 27, 2007 (10:13 pm)
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Replying to: matthewdb (Dec 27, 2007 9:27 pm)
Matthew, if you don't mind my asking - what Bank are you going through and what is their residual and acquisition fee.
Thx.
Steve
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- #108 of 227
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Re: '08 Carrera November Lease Rates - Carman [kerb]
by matthewdb
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Dec 28, 2007 (12:30 am)
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Replying to: kerb (Dec 27, 2007 10:13 pm)
I havent gone that far yet, in fact I don't plan on doing my lease until April at the earliest(I like dreaming). My bank is Navy Federal Credit Union. They seem to give very good rates, unfortunately if you were never in the Navy or are not married to someone in it you can't become a member. (Well at least as far as I know, I don't pay much attention to it anymore.)
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- #109 of 227
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Re: '08 Carrera November Lease Rates - Carman [kerb]
by matthewdb
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Dec 28, 2007 (1:22 am)
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Replying to: kerb (Dec 27, 2007 10:13 pm)
Ok I talked to bank, but it was an operator that was not part of the leasing dept(too late at night). However, she was helpful enough. For 90,000 and 36mos, she quoted 4.9% and .59 residual, and acquisition fee of 1868(!). One thing to note, she was only able to input the year 2006, which could explain the discrepancy of the 4.4 I quoted you earlier and the large acquisition fee. I'll talk to the leasing dept tomorrow to see if it changes.
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- #110 of 227
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Re: '08 Carrera November Lease Rates - Carman [matthewdb]
by kerb
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Dec 28, 2007 (6:58 am)
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Replying to: matthewdb (Dec 28, 2007 1:22 am)
My '08 Carrera is slated for February production, as such, I do not expect delivery until late March early April. Porsche Financial will not allow rate locks in excess of 30 days, as such, I expect their residuals to drop even further and am hoping that their money factor will drop as well. Unfortunately, I have no ties to the Navy - hence I can forget about those nice money factors you mentioned. Thanks for keeping me updated.
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- #111 of 227
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Re: '08 Carrera November Lease Rates - Carman [kerb]
by matthewdb
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Jan 01, 2008 (4:21 pm)
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Replying to: kerb (Dec 28, 2007 6:58 am)
OK, so after visiting my Porsche dealer and talking lease terms I am not happy. Basically they are looking for 1500+ a month for a stripped 2008 911 cabriolet on a 36 month lease. However, after doing some google fu I found leases as low as 900 a month. I was contacted immediately by one of these companies after requesting a quote. They want 8800 down, but payments would be 890 for a stripped 911 cab. I, of course, asked if they were closed-end lease, to which they said yes. However, they mentioned the word "multi-term" lease, where they amortize the cost of the lease over a longer term(however I can end the lease at 30 months if I so choose, with no penalties, or so they say.)
Basically this sounds too good to be true. Can anyone help me understand why this company can offer such low leases and still make money?
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- #112 of 227
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Car_man??
by matthewdb
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Jan 02, 2008 (1:45 pm)
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What happened to Car_man? Was hoping he could shed some light here.
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- #113 of 227
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Re: '08 Carrera November Lease Rates - Carman [matthewdb]
by ocautoseeker
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Jan 15, 2008 (1:50 am)
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Replying to: matthewdb (Jan 01, 2008 4:21 pm)
It's simple: they extend the term of the lease and offer a lower money factor than Porsche Financial. You certainly don't want to put down $8800!!!
Currently, Porche's rates for an '08 911 Cabriolet is as follws:
Not sure how many miles you need...
36 mo /15k - 60% / .00320 (7.68%)
Give leasecompare.com a shot, or try a more competitive bank.
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- #114 of 227
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Hello Carman - Current Lease Rates Carrera
by kerb
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Jan 15, 2008 (6:39 am)
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Could you please update me with PFS' current lease rates on an '08 Carrera (manual) for a 36/10K and 39/10K, thx.
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