Last post on Dec 08, 2013 at 5:50 PM
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Porsche 911, Car Leasing, Car Buying, Coupe, Convertible
#38 of 688 Re: 911 Carrera Coupe lease payments [gblind8]
Dec 13, 2006 (4:31 am)
No problem, gblind8. OK, so you're interested in a 2007 Porsche Carrera Coupe that has an MSRP of $74,000 and a selling price of $71,281. You're being given a $2,700 discount on this car. I know that Porsche dealers are heavily discounting leftover 2006 Cayman S and Cayenne models, but I am not personally all that familiar with what the market is like for the 2007 911 right now. Have you tried comparison shopping any? It might now be a bad idea to get another price quote or two on this car.
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.
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#39 of 688 Re: Current residuals - C4/C4VRT/C4S [jhl1963]
Dec 14, 2006 (3:00 am)
Here's the information that you're looking for, jhl1963. Porsche Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Porsche 911 C4 Coupe with 12,000 miles per year are .00310 and 62%, respectively. The numbers for the 2007 911 C4 Coupe S are .00310 and 60%. Lastly, the numbers for an otherwise identical lease of a 2007 911 C4 Convertible are .00310 and 61%. All of the aforementioned residual values are for cars with manual transmissions.
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#40 of 688 Re: 911 Carrera Cab lease [jmatson266]
Dec 14, 2006 (3:03 am)
Hello jmatson266. I'm not all that familiar with what the market is like for the 911 right now, so I can't comment on this car's selling price, but I can tell you that the money factor that you were quoted is too high. For consumers who qualify for its top credit tier, Porsche Credit's 48 month current buy rate lease money factor for all models is currently .00320. Make sure that the dealer uses this money factor to calculate your car's payment. The residual value that you were quoted look about right to me.
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#41 of 688 2007 Targa 4S
Dec 18, 2006 (10:18 pm)
anyone know the current money factors & residuals for the new Targa 4S?
Jan 04, 2007 (10:43 am)
Thanks for the great info in the past. How does this deal measure up?
2007 911 Carrera Coupe Tip
0.0034 Money Factor
$44,520.00 Residual (56%)
$79,350 Selling Price
$1,390/month, tax already included
Did I get a good deal here? I would like to make the deal soon if it's good, or I'll keep looking and ask for advice from you later. Thanks for all your wonderful help.
#43 of 688 Re: 2007 997C2 [outdrguy]
Jan 04, 2007 (11:43 am)
FWIW it looks decent to me. Inline with what I have been seeing lately. Is this through Porsche or a different lease company?
#44 of 688 Re: 2007 997C2 [bwedotnet]
Jan 04, 2007 (12:18 pm)
Thanks for the reply. It is through Porsche per the dealer. I was a bit confused because when I ran it through edmunds lease calculator, I was coming up with the quoted lease rate ($1317lease not including tax which is $73/mo) with different numbers:
a selling price of $78,000, residual 61% and MF of 0.0033
If I run it with the numbers from the dealer ($79,350 selling price, residual 56% and MF of 0.0034, I come up with $1453/mo excluding tax.
From the other disussions, I understand the current MF to be 0.0031 and RV 61% for 2007 C2s.
Please help if you can. Thanks again very much.
#45 of 688 Re: 2007 997C2 [outdrguy]
Jan 04, 2007 (1:07 pm)
Can you get a better deal? Could you lower your payment by $50-$75/month. Probably. For example, you could negotiate another $1000 off your purchase price (6% discount should be fairly easy to negotiate). You could also negotiate the MF if the dealer is adding some backend profit (the difference between 7.44% and 7.92% interest).
In general however I think your deal is decent.
I ran your numbers through lease compare. The best lease payment for 36mo 15k/year was:
Payment: $1,238 before tax
It might be helpful for you to use this as a comparison (I don't know what your tax rate is).
I hope this helps.
#46 of 688 Re: 2007 997C2 [bwedotnet]
Jan 04, 2007 (2:30 pm)
Thanks very much. I appreciate the advice. I'll see if a better deal can be had, if not, I'll still look forward to driving a great car.
#47 of 688 Re: 2007 997C2 [outdrguy]
Jan 04, 2007 (7:20 pm)
Good luck and congrats. Let me know the details of the final deal when you take delivery.