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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
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Replying to: Car_man (Apr 09, 2009 2:33 am) MSRP- $102,460 Selling Price- $92,150 So if the money factor is .00146 and the residual is 56% for 10K/yr, then is a lease price of $1292 which includes my taxes (8.625%) a good lease price ?? He claims he is selling it to me at about invoice for calculating the lease. Dealer denies there is any "cash incentive" and says he is relying on the "holdback" money. Thanks
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Replying to: bosco42 (Apr 13, 2009 6:02 pm)
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Replying to: madmanmoo (Apr 14, 2009 7:30 am) What do you mean by this ? Dont quite understand what being bought down means...thanks
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Replying to: bosco42 (Apr 14, 2009 12:56 pm) For example, there is no such thing as free money (0%), the manufacturer is using incentive cash to buy down the rate to that level. Make sense?
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Replying to: madmanmoo (Apr 15, 2009 9:49 am) In previous posts here it was stated that there were cash incentives to the dealer...was this an incorrect statement. it is important to know so I know how to negotiate my deal....thanks
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Replying to: bosco42 (Apr 15, 2009 10:34 am) No, there are cash incentives which only apply to cash purchases. Lease and finance incentives are in the form of a special rate. I'm not sure why it matters how they are making their money. If you like the deal and they are willing to sell it to you for that amount, do business. Don't worry about where their profit is coming from.
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Replying to: madmanmoo (Apr 15, 2009 12:01 pm) |
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Car Man......from the dealers I have spoken with the residual numbers differ from what you have posted.....are you sure yours are accurate ??
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Replying to: bosco42 (Apr 17, 2009 2:44 am) |
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Is there an official online source that quotes the residuals I was told by 2 dealers that the residual was 55% on an 09 C2S coupe with 10K per year "Hi glbmw. Dealers that have certificates available can offer the following terms. Porsche's current buy rate lease money factor and residual value for a 36 month lease of a 2009 911 C2 Coupe with 10,000 miles per year are .00146 and 58%, respectively. The numbers for an otherwise identical lease of an '09 911 C2 Coupe S are .00146 and 56%. The numbers for an '09 911 C4 Coupe are .00146 and 56%."
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