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Prices Paid: Buying & Leasing Experiences Porsche 911 Lease Questions
231 messages, Last post on Nov 24, 2009 at 8:58 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Jan 23, 2007 9:05 am) 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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Replying to: Car_man (Jan 23, 2007 9:38 am)
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Replying to: john_galt (Jan 23, 2007 9:40 am) Given the same payment for two leases I would go with the lease that has the low residual and low MF. This leaves you in a better position at the end of the lease if you decide to sell the car or keep it. |
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Replying to: turboguy (Jan 21, 2007 3:39 pm) Do not put down 'a decent cap reduction'. With a lease it is best to put as little money down as possible. If you put down a big cap reduction and the vehicle is totaled you do not get that money back. |
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Replying to: john_galt (Jan 23, 2007 9:40 am) I am not personally all that familiar with U.S. Bank's lease program for Porsches, but it wouldn't shock me if it was about the same as Porsche Credit's given the lack of support on Porsche leases. If U.S. Banks' money factors and residual values are lower yet its lease payments are about the same then theoretically you would be better off leasing through it than through Porsche Credit because the lower residual value would make your car's lease-end purchase price lower. Car_man Host Prices Paid Forum
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Replying to: turboguy (Jan 26, 2007 7:28 am) Car_man Host Prices Paid Forum |
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Replying to: Car_man (Feb 15, 2007 2:30 am)
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I would welcome thoughts on this deal: 2007 C2 Cab manual $85250 purchase price/$93000 MSRP 39mo lease 15K miles 52000 residual (61%) 0.00259 MF (not thru Porsche) lease $1268/mo (not including tax) Thanks much. |
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Car Man, Can you give me your input with regard to the following deal I worked out at a dealership in Connecticut: Car - 997 Carrera S (Car is in inventory) Invoice including destination - $89,205 Quoted price by dealer - $83,405 Lease term - 36 months Residual - 59% or $52,631 Annual mileage - 10,000 Upfront fees: Acquisition Fee - $745 Registration - $155 Documentation - $239 Disposition Fee - $350 Base payment excluding taxes - $1310.55 He didn't give me the money factor but is quoting the rate between 6 and 7 percent. Are any of the upfront fees negotiable? Do you think I am getting a reasonable discount (6.7%)? What is your personal opinion if you had to decide between the Carrera S and the Targa 4? Thanks, Steve
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Car Man, I'd appreciate your opinion on this lease through Porsche Credit. Carrera S Cab MSRP $121,290 Cap Cost $116,938 ( This includes $6000 needed to pay off my trade, so the negotiated cap cost was actually $109,938) Residual $49,456 Due at signing Cap Cost Reduction $26,578.98 (I want to do this to reduce my payments so I can lease the car through a business, and I plan on buying the car after the lease is over) 1st mo pmt $1216.64 Tire fee $8.75 Registration $781 Sales and Use Tax 2059.87 60 mos 12K per year Pmt including tax $1216.64 Thanks, Caboman1
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