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Porsche 911 Lease Questions

540 messages,  Last post on May 16, 2013 at 2:58 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 26 of 55

#245 of 540 Re: Porsche 911 dealer cost [2928] by anou

Dec 05, 2009 (7:33 pm)

Replying to: 2928 (Dec 05, 2009 7:19 pm)
I talked to five car dealers this morning, but 9 dealers overall the whole week. Some of them would not talk about it; some of them pretended not to know about it; but some of them simply came out straight and discussed it.
 
Edmunds.com previously posted the marketing support was $7k (since expired on Nov 30th). But from an earlier post, someone talked about $10k marketing support became $8k.
 
So both the posts in this forum plus the anecdotal evidence suggested there is still marketing support there (as well as a combination of special lease rate and a smaller dealer cash).
 
Hope this helps.
 
BTW, in all my dealings, the Porsche dealer Livermore was the most straight forward. The price they gave me on day one was almost just as good as the deal I got. If they still have the car, I would have bought it from them. So if someone is interested in a 2008 C4 coupe in black color with many toys, they have a great deal for you.
 

#246 of 540 2009 C2S by bosco42

Dec 06, 2009 (2:27 pm)

Will the person who emailed me about my White 2009 C2S several months ago please contact me again...thanks

#247 of 540 Re: Porsche 911 dealer cost [anou] by blackberryxyz

Dec 06, 2009 (10:19 pm)

Replying to: anou (Dec 05, 2009 6:13 pm)
That's a good deal and accurate in the fact that there are not any 2009's left in California.
 
I leased a 2009 Carrera 2 demo with PDK, memory seats and an MSRP of 86k and change. The leased was based off price of 71k and change with 7,500 drive off and 800 a month. I'm happy.
 
You were lucky to find one that they would still deal on.

#248 of 540 Re: Porsche 911 dealer cost [blackberryxyz] by anou

Dec 07, 2009 (12:11 pm)

Replying to: blackberryxyz (Dec 06, 2009 10:19 pm)
You got a good deal too. Does demo mean the warranty has started, or only means it has a few miles?
 
If I were to lease it, the price would have been $73k. The reason I bought versus lease were 1) the sales tax rebate (worth $1.5k to me), 2) I can get nearly the same home equity rate after tax, 3) the additional $4k off.

#249 of 540 Re: Porsche 911 dealer cost [anou] by anou

Dec 07, 2009 (9:33 pm)

Replying to: anou (Dec 07, 2009 12:11 pm)
My local Porsche dealer just contacted me, saying Porsche gave the dealers additional $1000 marketing support. If this were true, it means the marketing support for 2009 is now $9k.

#250 of 540 Re: Thanks Car Man! [gre09] by Car_man HOST

Dec 18, 2009 (4:52 am)

Replying to: gre09 (Nov 24, 2009 9:58 am)
No problem, gre09. I believe that the 55% residual value that you were quoted is the correct one.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#251 of 540 Re: December DEALS [gre09] by Car_man HOST

Dec 18, 2009 (4:54 am)

Replying to: gre09 (Dec 02, 2009 9:42 pm)
Hi gre09. In addition to the special lease program that you've seen mentioned here, Porsche introduced another $1,000 cash incentive on 2009 models through the end of the year.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#252 of 540 Re: Thanks Car Man! [Car_man] by smirza2000

Dec 18, 2009 (12:53 pm)

Replying to: Car_man (Dec 18, 2009 4:52 am)
Carman,
Thanks for all the info you have been providing.
I wanted your and other's feedback on what are usual penalies for ending a lease agreenment before time, say ending a 3 yr in 2 years or one year?
Thanks.

#253 of 540 Re: Thanks Car Man! [smirza2000] by Car_man HOST

Dec 21, 2009 (3:36 am)

Replying to: smirza2000 (Dec 18, 2009 12:53 pm)
You're very welcome, smirza2000. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
  
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#254 of 540 Residual Values on 2008 Carerra S Coupe by gmcinvale

Jan 14, 2010 (11:57 am)

I am due to turn in or buy the 2008 Carerra S Coupe I have leased for the past two years. The residual value or buyout on the lease contract is $65.6K. or 66% of sticker price. While this worked to my advantage in the lease, the buyout seems a bit high. My options are to turn it in, buy it or extend the lease on a month to month basis for up to a year. Extension would be at $1300 per month. My question is what would a reasonable residual value percentage be at 24 and 36 months? It's a great car with no blemishes and less than 11,000 miles, so I'm not really eager to get rid of it, but don't want to overpay either.
 
Thanks for any help you can give.

Messages Page 26 of 55

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