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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

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


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#42 of 136
2007 997C2 by outdrguy
Jan 04, 2007 (11:43 am)
Reply
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
$83,680 MSRP
15k mi/year
36 mos
$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 136
Re: 2007 997C2 [outdrguy] by bwedotnet
Jan 04, 2007 (12:43 pm)
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Replying to: 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 136
Re: 2007 997C2 [bwedotnet] by outdrguy
Jan 04, 2007 (1:18 pm)
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Replying to: bwedotnet (Jan 04, 2007 12:43 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 136
Re: 2007 997C2 [outdrguy] by bwedotnet
Jan 04, 2007 (2:07 pm)
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Replying to: outdrguy (Jan 04, 2007 1:18 pm)

Hi:
 
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:
 
RV: $45,980
MF: 0.00224
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 136
Re: 2007 997C2 [bwedotnet] by outdrguy
Jan 04, 2007 (3:30 pm)
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Replying to: bwedotnet (Jan 04, 2007 2:07 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 136
Re: 2007 997C2 [outdrguy] by bwedotnet
Jan 04, 2007 (8:20 pm)
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Replying to: outdrguy (Jan 04, 2007 3:30 pm)

Good luck and congrats. Let me know the details of the final deal when you take delivery.
#48 of 136
2007 turbo tiptronic lease by turboguy
Jan 21, 2007 (4:39 pm)
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hi guys,
i ordered and will be leasing a 2007 911 turbo tiptronic from rusnak.
they have us bank and porsche financial services leases. the list and selling price as ordered is about $133,000. i'm debating a 36 or 48 month lease and am wondering if you know the current buy rates and residuals for the institutions and lease periods. i drive about 6k/yr. also, does it make sense to go elsewhere for the lease? i have excellent credit and can come up with a decent cap reduction if it helps rate-wise.
please advise.
#49 of 136
Re: 2007 Targa 4S [john_galt] by Car_man HOST
Jan 23, 2007 (10:05 am)
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Replying to: john_galt (Dec 18, 2006 11:18 pm)

Hi john_galt. This car's lease program varies depending upon how long you lease it for and what mileage allowance you choose. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Porsche Credit's current 36 month, 15,000 mile per year buy rate lease money factor and residual value for the 2007 Porsche 911 C4S Targa without the Tiptronic transmission are .00310 and 55%, respectively.
 
Car_man
Host
Prices Paid Forum
#50 of 136
Re: 2007 turbo tiptronic lease [turboguy] by Car_man HOST
Jan 23, 2007 (10:38 am)
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Replying to: turboguy (Jan 21, 2007 4:39 pm)

Hi turboguy. I haven't seen U.S. Bank's lease program for this car lately, but I have seen Porsche Credit's program. According to the latest information that I have seen, Porsche Credit's buy rate lease money factor and residual value for a 36 month lease of a 2007 911 Turbo with Tiptronic and 15,000 miles per year are .00310 and 56%, respectively. The numbers for an otherwise identical 48 month lease are .00320 and 50%. The lowest mileage allowance that I have seen Porsche Credit offer on leases is 10,000 miles per year. Its 10k residual values are 3% higher than the aforementioned 15k residuals. You may be able to lease through them with fewer miles than this. Check with your dealer to see if it is possible to do so.
 
Car_man
Host
Prices Paid Forum
#51 of 136
Re: 2007 Targa 4S [Car_man] by john_galt
Jan 23, 2007 (10:40 am)
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Replying to: Car_man (Jan 23, 2007 10:05 am)

I'll lease at 12k miles/year and either 36 or 48 months.
 
I've also heard that US Bank is typically lower money factor and lower residual than Porsche, thereby making the payment roughly the same.
 
Is that true, and if so, other than if one wants to purchase at the end of the lease, how does one decide which is better?
 
Thanks

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