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Prices Paid: Buying & Leasing Experiences Porsche 911 Lease Questions
231 messages, Last post on Nov 24, 2009 at 8:58 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| Car Man - Any ability to provide input on where a lease range/total out of pocket should be for an '08 Cab - sticker $98K (Tiptronic - not a 4 or an S) - Thanks, trying to evaluate lease #s dealers seem to be pushing - $7500 and $1500/month for 39 mo/15K miles | |
The dealer is telling me MF for 3yr/36k mil is .00349. What I've read on this site say otherwise. I live in san diego, ca. There are only two local dealers. What MF should I be asking for?
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I see a lot of solid info on this site about leasing a new Porsche. Any thoughts/input on leasing let's say an '06 or '07 911 C2 Cab? What kind of money factors do they use? What kind of residuals? Say we're talking about a 36 or 48 month lease with 10k miles. Any reactions to the prospect of leasing a couple of year old 911 vs. buying it? My questions emanate from trying to balance the cost of leasing where I walk away in 3 to 4 years vs. purchasing and seeing what it will be worth in 3 to 4 years as retained "equity", taking into account having to pay hefty sales tax on a purchase for the full value of the car. Any thoughts on info on things like money factors and residuals on '06 and '07 911 Cabs? Thanks.
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Replying to: egold1 (Apr 15, 2008 2:41 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: gocard1 (Apr 24, 2008 8:09 am) |
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1st time 911 buyer here. Considering Carrera w/typical optional equip. Trying to decide what makes more sense...lease an 08 vs. buying a 2007 pre-owned. I don't have to have a brand new one...more interested in minimizing the cost to own over a 36-48 month period. I'm a low mileage driver 7k/year. Have heard 2009s will be out in next 90 days or so. How will that affect the economics of my decision? Thanks in advance to anyone who has insight.
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Replying to: new911buyer (Jun 10, 2008 1:07 pm) Been reading Edmunds for years and have used the site to help buy/lease 5 cars, working my way up the automotive food chain from a couple of Jettas to my current car, an Audi S4 Cab. Well the lease is almost up on my cab and I am now planning to replace it with a custom ordered 2009 911 C4 Cab. List price on the car is $115,360 and the dealer's first offer is to sell it for $112,360. He is quoting a MF of .0028 and residuals of .59 (36 mos) or .53 (48 mos). The questions I have are: 1) Is that the right MF? I've read here that it's currently .0027 and I've seen 3rd party lease rates on Porsches as low as .0026 2) Why are dealers so reluctant to negotiate on cars they order? I went through the same song and dance when I ordered my Audi (I ultimately got the car for $1000 over invoice) and they are starting it up again - 'we never lower the price on ordered cars, these are hard to get, blah, blah.' Isn't an ordered car essentially risk-free money for them? They don't have to wait for someone to come in and take inventory off of their hands or hope that the config they chose will actually sell. What I'm getting at is how much leverage do I have to shop for the best deal (I'm in Boston and there are 8 dealers within 75 miles so I think I have plenty of options)? Thanks! Shawn
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Replying to: phil0sophy (Sep 24, 2008 6:26 pm) 1) The money factor through PFS is 0.00250 with top tier credit and the residuals are correct for 10,000 miles per year (they can't adjust the residual). Other banks such as USBank have been aggressive (relatively speaking), but they are currently not providing lease rates on this vehicle. 2) I think you could do better on the selling price. Best, Matt eights38  gmail.com
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2008 C2 Lease $5000 Total drive off $1000/36 months 15K included Black/Black or Black/Tan No package No options Good deal? |
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Replying to: eights38 (Sep 24, 2008 6:49 pm) Thanks for your reply! I went back to them and lo and behold, the MF was changed to .0025 but then the drama started. lol I wanted to put something in the P&S that would help prevent them from pulling a lease bait n' switch at delivery because they would have quite an advantage at that time - they would have my deposit and I would have already turned in my Audi. They came back with the typical song and dance 'we sell C4s at full list all day, in fact we have a bunch on custom order for list price' and they were not willing to share some of the risk (i.e. that I could get my deposit back if the deal terms turned grossly unfavorable) on the deal. So I thanked them for their time and am going to shop for a better deal. I read about Authority Car Buying on here a couple months back and I am going to see if they can help, I'll let you know how things go! Thanks again, Shawn
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