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Porsche 911, Car Leasing, Car Buying, Coupe, Convertible
#99 of 688 911 2008
Aug 11, 2007 (12:07 pm)
Hi Car Man, I want to lease a basic 911 coupe, tiptronic, power seats, bose, floor mats, heated seats, and right now I can't get any dealer to drop below MSRP on the car. The best quote I have for 36 months is $5,000 down, $1282 plus tax ($1388) for 10,000 miles a year. I am finding it hard to shop the deal as porsche dealers seem reluctant to give numbers over the phone, andI know I will get an initially high quote if I go in to each dealership. Trying to save time AND money here. How can I get leverage here to negotiate down? Given the money factor for lease is this a good deal I am being offered or not? Any help greatly appreciated! OH and I am in SoCal. Thanks
#100 of 688 Re: 911 2008 [womble]
Aug 15, 2007 (12:38 pm)
Allocations for C2 Coupes are very much reduced for 2008...The Tip makes it even tougher...particularly in LA/SD.
#101 of 688 Re: 911 2008 [vwguild1]
Aug 16, 2007 (2:17 pm)
Yes, I talked to the salesperson who sold me my 2006 C2S, recently , and he related that the number of cars being shipped and available build slots for the " S" have been greatly decreased by Porsche ( 997 )... ( I live in North County San Diego, CA ). With the flush pockets that Porsche now has and the complaints about the excess production ( thereby increased depreciation ) in previous years ( 996 ), maybe Porsche is protecting my investment.. I hope so.
#102 of 688 Re: 911 2008 [chrmdome]
Aug 16, 2007 (5:53 pm)
But that theory does not check out in the world Porsche sales and production figures, which are at record highs. The Cayman was a profit makerits first year at 18,000 units and they made 28,000. That is why there is a heavy inventory of Caymans. The huge increase of production and shipment to the USA while 911's are elsewhere. The current shortage at the US dealer lots I am told is for diversion of shipments to markets Porsche previously ignored, such as China. That holds the discount on the 911 to 6-7% It also props up the immediate past model year resale to more than dealer cost.
#103 of 688 Re: 911 2008 [ringleader6]
Aug 17, 2007 (6:43 am)
I'm okay with that, I'm just concerned about the glut that took place in the Southern California market with the 996 and the large fall in the value of the car on resale, hoping that that doesn't happen with the 997. I would guess that the 997S, whether cab or coupe , would be the most sought after model in the line due to it's performance and price. Common knowledge that the 996 didn't holds its' value and the complaints that followed did not fall on deaf ears at Porsche. Wonder what the inventory at Porsche of the Secret City in China is like....2 cars? But your point is well taken..
#104 of 688 '08 Carrera November Lease Rates - Carman
Nov 21, 2007 (8:42 pm)
Hello Carman, could you kindly provide the November Lease MF and Residual for an '08 Carrera for 36/10K, 36/12K, 39/10, and 39/12K. Additional what is the acquisition fee. Finally can you confirm the percentage of mark-up on the vehicle and what a reasonable discount would be. Many Thanks.
#105 of 688 Re: '08 Carrera November Lease Rates - Carman [kerb]
Dec 04, 2007 (2:16 am)
Hello kerb. Through the end of the year, Porsche Credit's buy rate lease money factor and residual value for a 36 month lease of a 2008 Porsche 911 Carrera without the Tiptronic transmission or X51 options with 12,000 miles per year are .00310 and 54%, respectively. The numbers for an otherwise identical 39 month lease are .00310 and 53%. This car's 10,000 mile per year residual values are 1% higher. Porsche Credit charges a $745 acquisition fee on every vehicle that it leases.
You should be able to find this car's dealer invoice price by looking it up in the New Vehicle Pricing section of Edmunds.com. Unfortunately, I am not intimately familiar with what the market is like for this car right now so I can't give you an idea of what sort of price to aim for.
Prices Paid: Buying & Leasing Experiences Forum
#106 of 688 Re: '08 Carrera November Lease Rates - Carman [Car_man]
Dec 27, 2007 (9:27 pm)
So I can get a 4.4% lease rate from my bank for 36mos. I see that Porsche is about 7.5% will I lose anything by going with my bank? I'm looking at a 911 cab, base with no addons(87000ish).
#107 of 688 Re: '08 Carrera November Lease Rates - Carman [matthewdb]
Dec 27, 2007 (10:13 pm)
Matthew, if you don't mind my asking - what Bank are you going through and what is their residual and acquisition fee.
#108 of 688 Re: '08 Carrera November Lease Rates - Carman [kerb]
Dec 28, 2007 (12:30 am)
I havent gone that far yet, in fact I don't plan on doing my lease until April at the earliest(I like dreaming). My bank is Navy Federal Credit Union. They seem to give very good rates, unfortunately if you were never in the Navy or are not married to someone in it you can't become a member. (Well at least as far as I know, I don't pay much attention to it anymore.)