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Porsche 911 Lease Questions

242 messages,  Last post on Dec 03, 2009 at 1:56 AM

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

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#206 of 242 comparable credit - Porsche Financial Services by porschecrazy Sep 13, 2009 (3:46 pm)
Hi All   So this weekend I found my dream 911 C2, discussed the finances worked out the numbers and sat down with the dealer to finish the deal.   The dealer took down my information ran my credit and told me that I have a 740 score but PFS might not approve my lease because I don't have comparable credit.   My current car is a 17000$ Toyota and PFS might not agree to lease a 911 to me as its too big of a jump.   Apparently their automated system turned it down and the dealer might need to discuss it with PFS over the phone ( PFS is not open on a Sunday )   Has anyone in this forum faced a similar problem with not having comparable credit??   Thanks!
#207 of 242 Re: need feedback on latest lease [cardiohex] by porschecrazy Sep 13, 2009 (3:49 pm)
Replying to: cardiohex (Aug 26, 2009 5:12 pm) Thanks for the info cardiohex. Will definitely watch out for the fine print.
#208 of 242 Please confirm residual and MF for 09 911 C2S cab by weakestlink Sep 17, 2009 (9:09 am)
Carman or anyone else,   Is it still 51% and 56% for 36 and 24 months, 15k? Does PFS bump up 3% for 10k miles? And .00146 MF?   Thanks. Replies to this message: Car_man (Sep 22, 2009 2:06 am)
#209 of 242 Re: Please confirm residual and MF for 09 911 C2S cab [weakestlink] by Car_man HOST Sep 22, 2009 (2:06 am)
Replying to: weakestlink (Sep 17, 2009 9:09 am) Hey weakestlink. PFS' special .00146 money factor is good through the end of the month. However, its residual values for 24 and 36 month leases of the 2009 911 C2S Cab with 15,000 miles per year are now 54% and 51%, respectively.   Yes, you would add 3% to these residual value for leases with only 10,000 miles per year.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#210 of 242 911 cab lease - is the lower LMF of .00146 still being offered? by tb310 Sep 28, 2009 (12:00 am)
Replying to: Car_man (Aug 31, 2009 2:22 am) Car-man - is the special lease money factor .00146 still offered in Sept? West LA dealer quote on 2009 911 cab w/ minimal options (PDK, heated seats, floor mats) LMF .0024 (if lease paid up front of $42K) or .0031 (w/ monthly payments $1250, $3K driveoff) on 3 year lease 12K miles year..   Is the lower LMF of .00146 still being offered?   If dealer lists: CashSalePrice $77K , but 3 yr lease based on MSRP $94K, I think the lease calculation is based on MSRP. Dealer said vehicle MSRP for lease is based on MSRP, not the CashSalePrice. Does Porsche negotiate the MSRP and residual used in the lease calc or am I stuck with MSRP and 54% residual? Replies to this message: weakestlink (Sep 29, 2009 9:26 pm) tb310 (Oct 05, 2009 2:29 pm) kentmoon (Oct 07, 2009 9:10 am) and 1 more... Car_man (Oct 13, 2009 1:45 am)
#211 of 242 Re: 911 cab lease - is the lower LMF of .00146 still being offered? [tb310] by weakestlink Sep 29, 2009 (9:26 pm)
Replying to: tb310 (Sep 28, 2009 12:00 am) Hi tb,   From my pretty extensive research, the .00146 is available on all 997 leases in September. And the incentive on all RWD 997s is $10k. The $10k incentive cannot be combined with the subsidized lease program so you should add $10k to the cash sale price ($77k + $10k = $87k).   BTW, on a $94k MSRP, the markup is 10% so the dealer cost would be approx. $84,600 ($74,600 if buying). I've found several dealers on the East Coast willing to sell for $1000-$1500 over invoice.   Hope this helps. You may want to get Carman or someone to verify my facts but based on my own searching, I'm pretty confident they're correct. Replies to this message: tb310 (Oct 05, 2009 2:29 pm) kentmoon (Oct 07, 2009 9:10 am) kentmoon (Oct 08, 2009 8:12 am)
#212 of 242 thank by tb310 Oct 05, 2009 (2:29 pm)
Replying to: weakestlink (Sep 29, 2009 9:26 pm) thanks for the insight. With your advice, I'm going to purchase the car and have a better idea how much I can negotiate on the price with the dealer still making a fair profit (but at least saving me thousands of dollars). Without your guidance, I was reluctant to pull the trigger on the purchase as I feared overpaying. You do a great service and I appreciate it dealer and will think of you whenever I drive my 911! Replies to this message: kentmoon (Oct 07, 2009 9:10 am) kentmoon (Oct 08, 2009 8:12 am)
#213 of 242 Re: thank [tb310] by kentmoon Oct 07, 2009 (9:10 am)
Replying to: tb310 (Oct 05, 2009 2:29 pm) What if you take cash discount ($10K) and use 3rd party lease deal? I've always gotten a lease based on cash purchase price in the past. As long as you don't take lease special from Porsche. Is that possible? Replies to this message: kentmoon (Oct 08, 2009 8:12 am)
#215 of 242 Re: thank [kentmoon] by kentmoon Oct 08, 2009 (8:12 am)
Replying to: kentmoon (Oct 07, 2009 9:10 am) I've answered my own question. I've talked to a couple of dealer in So Cal, and I can take $8K discount (it is now $8K only on 911, not $10K), and not get special low money factor, but get regular Porsche lease deal. They told me that monthly payment is cheaper that way. Lowest I've got is $1200 plus tax on MSRP $99K 911 Cab for 36 month at 10K miles per year based minimum drive off. I think he is making about $2000 over invoice. Is this a fair deal?

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