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Porsche 911 Lease Questions

195 messages,  Last post on May 28, 2009 at 3:58 AM

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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#155 of 195
Re: Question on an 08 Turbo cab [bneiderman] by Car_man HOST
Dec 29, 2008 (4:46 am)
Reply

Replying to: bneiderman (Dec 28, 2008 6:30 pm)

Hi bneiderman. $20,000 is a substantial discount on this car, it's probably right around dealer invoice, but I personally would not be surprised if you could do even better than that. Sales at Porsche dealers has completely fallen off of a cliff. They are desperate for business. Combine this with the fact that the 2009 911 is an all-new, significantly improved car and dealers will be even more desperate to get their leftover models off of their lots. Aim for the moon, shoot for a huge discount and see what happens, you might be surprised.
 
As far as leasing goes, it is very important to understand exactly how it works so that you don't get taken advantage of by dealers. You definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
Porsche's current buy rate lease money factor and residual value for a 36 month lease of a 2008 911 Turbo Cab with 15,000 miles per year are .00290 and 51%. Make sure that the dealer does not charge you a higher money factor than this.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#156 of 195
Re: Lease 2009 911 for under $1000 [Ryan561] by bwedotnet
Jan 03, 2009 (10:50 am)
Reply

Replying to: Ryan561 (Dec 21, 2008 10:45 pm)

Never put any money down on a lease. If the car is wrecked you do not get this money back. I know there is a psychological benefit to having the lower payment but there are no real advantages of putting money down on a lease - just pay the drive off fees.
#157 of 195
911 Lease Rates Feb 2009 by al_93
Feb 13, 2009 (11:11 am)
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Does anyone know the residuals and money factor at the present time? I would assume that it continues to tilt to the buyers favor (especially in the case of leftover "08's). What kind of deals are you guys getting on 08 Carrera's and CS's?
#158 of 195
Re: 911 Lease Rates Feb 2009 [al_93] by Car_man HOST
Mar 03, 2009 (5:36 am)
Reply

Replying to: al_93 (Feb 13, 2009 11:11 am)

Hi Al. Porsche introduced some amazing incentives on the 2009 911 in mid-February. This is the first time that I ever remember it offering cash and special lease money factors on this model. It just goes to show how tough times are right now.
 
Having said this, Porsche's February lease program was only scheduled to run through March 2nd. It will likely introduce its new March lease program at some point over the next day or two. Please feel free to check back with me and I will gladly provide you with an update.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#159 of 195
Re: 911 Lease Rates Feb 2009 [Car_man] by madmaxz06
Mar 03, 2009 (8:28 pm)
Reply

Replying to: Car_man (Mar 03, 2009 5:36 am)

HI Car_man,
Thank you for the EXCELLENT info. I'm also interested in a new 911 (2009 or left-over 2008). Can you please tell me what Porsche's March lease/buy programs are (complete with money factors and residuals for a 10,000 mile 36 month lease).
THANK YOU so very much,
- Max
#160 of 195
08 vs 09 by chander
Mar 07, 2009 (5:19 pm)
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Any advise between leasing a left over 08 C4S vs a 09 base Carrera , which will make a better choice in the North East?.
Thanx
#161 of 195
Re: 911 Lease Rates Feb 2009 [madmaxz06] by Car_man HOST
Mar 18, 2009 (3:44 am)
Reply

Replying to: madmaxz06 (Mar 03, 2009 8:28 pm)

You're very welcome, Max. I'm glad that you find it so helpful. Porsche is actually running a special lease program on the 911 right now for the first time ever (at least that I am aware of). Porsche is providing its dealers with a certain number of certificates that enable them to lease 911s through Porsche Finance using a special money factor of .00146. These certificates entitle lessees to dealer cash in addition to this special money factor, anywhere from $1,000 to $3,500.
 
The 911's residual values and exact cash allowances vary by trim level. If you let me know exactly what car you are interested in I can tell you what they are.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#162 of 195
Re: 911 Lease Rates Feb 2009 [Car_man] by madmanmoo
Mar 18, 2009 (7:59 am)
Reply

Replying to: Car_man (Mar 18, 2009 3:44 am)

Porsche is providing its dealers with a certain number of certificates that enable them to lease 911s through Porsche Finance using a special money factor of .00146.
 
This is important to note. Porsche is running these on a first come / first serve basis. When the certificates are gone, so are the deals. That means act sooner than later. Each dealer only has a limited amount of certificates as well. There isn't a huge pot that everyone takes from. Each dealer has a set amount and once they are gone, that's it.
#163 of 195
Re: 911 Lease Rates Feb 2009 [Car_man] by madmaxz06
Mar 19, 2009 (12:54 pm)
Reply

Replying to: Car_man (Mar 18, 2009 3:44 am)

Thanks Car_man,
I'd love to take you up on the offer of providing residual values and cash allowance details!!! I'm looking either a:
2009 911 Turbo MSRP = $136,000
or
2009 911 Carrera S MSRP = $97,000
Again, thank you very much for the information, it's EXTREMELY helpful,
- Max
#164 of 195
Residuals on a 2009 C4 cab and C2s cab by phil0sophy
Mar 19, 2009 (5:28 pm)
Reply
Hi Car Man, would you also please post the residuals for a 2009 C4 cabriolet and a C2s cabriolet? I'm negotiating with a dealer now and while they are offering quite a bit off MSRP (9,000) they are using a MF of .00170. I'd like to calculate what the deal would look like with a rate of .00146 as discussed above.
Thanks,
Shawn

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