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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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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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Replying to: outdrguy (Feb 17, 2007 10:02 am) |
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Replying to: caboman1 (Feb 21, 2007 10:46 am) Don't put down a large cap cost reduction. Here is some feedback from Car Man regarding Cap Cost Reduction from some other lease forums on Edmunds: "you may want to consider not making any sort of capitalized cost reduction on your lease. You would be better off going with a zero down lease." "If one totals a leased vehicle in an accident, their vehicle is gone and with is goes any benefit that they were receiving from having made a cap cost reduction." "It's true that it is not really a good idea to make capitalized cost reductions on leases. Consumers who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered." |
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Replying to: sje3333 (Feb 19, 2007 9:21 pm) Carrera S vs Targa 4 - two very different vehicles and a very personal decision. Drive both back to back and pick the one you like best. My choice would be the C2S. |
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Replying to: caboman1 (Feb 21, 2007 10:46 am) Are you kidding?? My 2005 S Cab was fairly well loaded (nav full leather/power seats, bose, sport chrono, sport exhaust, etc.) and came with a MSRP of $102,880. The 2007 equivalent MSRP would have been $106k +/-. I got a $10,800 discount on mine in September 2005. Your quoted price is a $11,400 discount - which would be very good - except it sounds like the car is loaded up with (excuse my bluntness) a lot of cosmetic junk. There are a lot of C2S Cabs with MSRP's of 105k or less that are VERY well equiped. I can pretty much guarantee you that, if my assumption is correct, this car will take an enormous hit on depreciation due to the limited (in some cases NEGATIVE) resale value of custom colors, over the top interiors with graphite packages, etc., etc. I've seen cars sit on dealer lots for months with prices at or below a nicely equiped silver/black car that has decent options. If this overloaded 911 S Cab is just your cup of tea and you intend to keep it for 10 years, great. But in any less time than that, a 911 Turbo at $130k would be a less costly car to own, factoring in resale. |
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Anyone know what kind of discounts are reasonable on the new Targa 4S? I've seen $3k with no markup on financing. I aslo heard $5k, but there was a markup on the financing that I believe made the first deal far better. If the car is like prior versions, I expect that later in the model year, it will again turn out to be the least popular in the 911 family and far larger discounts will be had. Thoughts? Experience? |
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Replying to: vwguild1 (Feb 15, 2007 11:42 am) Car_man Host Prices Paid Forum |
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Replying to: outdrguy (Feb 17, 2007 10:02 am) Car_man Host Prices Paid Forum
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Replying to: sje3333 (Feb 19, 2007 9:21 pm) As far as this car's money factor goes, Porsche Credit's current buy rate lease money factor is .00310. This is equivalent to an interest rate of around 7.4%. There is a decent chance that you can do better than that by leasing through an independent bank. If one has a better program than Porsche Credit, your dealer will likely steer you in that direction. Car_man Host Prices Paid Forum |
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