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Prices Paid: Buying & Leasing Experiences Porsche 911 Lease Questions
136 messages, Last post on Jun 10, 2008 at 2:07 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Nov 19, 2006 6:20 am) $71,281.38 Selling Price US Bank Finance Company 0.00202 Money Factor $41,440.00 Residual $74,000 MSRP 15k mi/year 36 mos $1,163/month, tax (7.25%) already included Thanks!
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Carman, residuals please on: C4/C4s/C4Vert (12k miles, 36 months) Thanks!
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Local dealer is offering the following lease: MSRP $93,000 Discount of 3,000 so cap cost is 90,000 with 0 down, money factor .00380, residual 55%, 12,000 miles for 48 months. Lease payments including tax is $1475. It seems a bit high to me but I don't know if they will come down any more. What do you think? Thanks
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Replying to: jmatson266 (Dec 10, 2006 10:16 pm) With $0 drive off, this sounds about right. I would need to know the drive off fees that are being rolled into the payment and your tax rate to confirm. If you paid the drive off fees I estimate payments would be approx $100/mo lower. Using your MSRP, cap cost and MF: The Edmunds lease calculator gives a payment of ~$1409 / mo incl tax (8%). Leasecompare.com comes out to $1287/mo before tax. I think you can get a better discount. $5500 off MSRP is more appropriate on this vehicle at this time. An extra $2500 off cap cost will save you approx $60/mo ($2880 over 48 months). Take a good look at leasecompare.com. I like their plans because their residuals are much lower. All things being equal (i.e. payment) a lower residual with lower MF is better than a high residual and high MF. |
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Thanks so much for your input. My total initial payment would include $1410 in fees and $388 for "other upfnt" as well as the 1st lease payment. I had the dealer run a lease payment for US Bank as well, and it did have a lower MF and RV, but the monthly payment was just over $1500. I don't plan on buying the car at the end of the lease so do you still think it is better with the lower MF and RV? Also, to be complete, the Porsche lease payment of 1475 includes a base of 1365 and taxes of 110. Thanks again.
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Replying to: jmatson266 (Dec 11, 2006 10:07 pm) If you are paying the fees and first month up front then $1365/mo (before tax) sounds higher than I would expect. leasecompare.com quotes $1287/mo (before tax) for your MSRP and Cap Cost. Over 48 months the $80/mo difference will add up ($3840). It might be worth getting an alternate quote. If nothing else it will make you feel better about the Porsche Financing numbers. Good luck. Let me know how it goes. |
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Replying to: gblind8 (Nov 22, 2006 12:09 am) The U.S. Bank money factor that you were quoted for this car is much lower than Porsche Credit's current money factor for it. As long as its residual value is close to Porsche Credit's then you would be better off leasing through U.S. Bank. Car_man Host Prices Paid Forum |
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Replying to: jhl1963 (Nov 24, 2006 11:27 pm) Car_man Host Prices Paid Forum |
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Replying to: jmatson266 (Dec 10, 2006 10:16 pm) Car_man Host Prices Paid Forum |
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anyone know the current money factors & residuals for the new Targa 4S?
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