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Porsche 911 Lease Questions

249 messages,  Last post on Dec 07, 2009 at 8:33 PM

You are in the Porsche 911 Forum. Your Host is claires

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


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#152 of 249
Re: Lease 2009 911 for under $1000 [Ryan561] by gblind8
Dec 15, 2008 (1:23 pm)
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Replying to: Ryan561 (Dec 08, 2008 2:18 pm)

Back in Nov 2006, I leased a 2007 C2 with just S wheels and metallic paint as options for 15k mi/year for 36 months at $1192/month. This is with $2k total drive off. In retrospect I could have got a better deal after talking with other dealers after signing the lease.
#153 of 249
Re: Lease 2009 911 for under $1000 [gblind8] by Ryan561
Dec 21, 2008 (9:45 pm)
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Replying to: gblind8 (Dec 15, 2008 1:23 pm)

I have found a dealer that is offering me 10% off a ordered base 911. I am not sure that the rates and residuals will be when the car comes in, but if I was to get the car today the dealer quoted:
 
Here are the preliminary numbers for the 2009 Porsche Carrera. The payments were worked up with $5,000.00 total down. The payment is about $991.00 (including tax and tags) for a 39 month lease. This payment is assuming the credit is excellent and $5,000.00 due at signing.
 
what do you guys think?
#154 of 249
Question on an 08 Turbo cab by bneiderman
Dec 28, 2008 (5:30 pm)
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Hey guys,
 
New to the forums and want to know if I would be getting a good deal. Don't know much about leases and off hand don't know the money factor and residual. However, I have excellent credit. Went to the dealer the other day and they have an 08' Turbo cabriolet with a sticker of $147,000 they said they would take $20,000 off the sticker and a 36 month lease with 15k miles would run around $2100 per month but they thought they could get it to around $2000. This would include taxes and everything. Is this a good deal? Any help would be greatly appreciated.
#155 of 249
Re: Question on an 08 Turbo cab [bneiderman] by Car_man HOST
Dec 29, 2008 (3:46 am)
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Replying to: bneiderman (Dec 28, 2008 5:30 pm)

Hi bneiderman. $20,000 is a substantial discount on this car, it's probably right around dealer invoice, but I personally would not be surprised if you could do even better than that. Sales at Porsche dealers has completely fallen off of a cliff. They are desperate for business. Combine this with the fact that the 2009 911 is an all-new, significantly improved car and dealers will be even more desperate to get their leftover models off of their lots. Aim for the moon, shoot for a huge discount and see what happens, you might be surprised.
 
As far as leasing goes, it is very important to understand exactly how it works so that you don't get taken advantage of by dealers. You definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
Porsche's current buy rate lease money factor and residual value for a 36 month lease of a 2008 911 Turbo Cab with 15,000 miles per year are .00290 and 51%. Make sure that the dealer does not charge you a higher money factor than this.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#156 of 249
Re: Lease 2009 911 for under $1000 [Ryan561] by bwedotnet
Jan 03, 2009 (9:50 am)
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Replying to: Ryan561 (Dec 21, 2008 9:45 pm)

Never put any money down on a lease. If the car is wrecked you do not get this money back. I know there is a psychological benefit to having the lower payment but there are no real advantages of putting money down on a lease - just pay the drive off fees.
#157 of 249
911 Lease Rates Feb 2009 by al_93
Feb 13, 2009 (10:11 am)
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Does anyone know the residuals and money factor at the present time? I would assume that it continues to tilt to the buyers favor (especially in the case of leftover "08's). What kind of deals are you guys getting on 08 Carrera's and CS's?
#158 of 249
Re: 911 Lease Rates Feb 2009 [al_93] by Car_man HOST
Mar 03, 2009 (4:36 am)
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Replying to: al_93 (Feb 13, 2009 10:11 am)

Hi Al. Porsche introduced some amazing incentives on the 2009 911 in mid-February. This is the first time that I ever remember it offering cash and special lease money factors on this model. It just goes to show how tough times are right now.
 
Having said this, Porsche's February lease program was only scheduled to run through March 2nd. It will likely introduce its new March lease program at some point over the next day or two. Please feel free to check back with me and I will gladly provide you with an update.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#159 of 249
Re: 911 Lease Rates Feb 2009 [Car_man] by madmaxz06
Mar 03, 2009 (7:28 pm)
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Replying to: Car_man (Mar 03, 2009 4:36 am)

HI Car_man,
Thank you for the EXCELLENT info. I'm also interested in a new 911 (2009 or left-over 2008). Can you please tell me what Porsche's March lease/buy programs are (complete with money factors and residuals for a 10,000 mile 36 month lease).
THANK YOU so very much,
- Max
#160 of 249
08 vs 09 by chander
Mar 07, 2009 (4:19 pm)
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Any advise between leasing a left over 08 C4S vs a 09 base Carrera , which will make a better choice in the North East?.
Thanx
#161 of 249
Re: 911 Lease Rates Feb 2009 [madmaxz06] by Car_man HOST
Mar 18, 2009 (2:44 am)
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Replying to: madmaxz06 (Mar 03, 2009 7:28 pm)

You're very welcome, Max. I'm glad that you find it so helpful. Porsche is actually running a special lease program on the 911 right now for the first time ever (at least that I am aware of). Porsche is providing its dealers with a certain number of certificates that enable them to lease 911s through Porsche Finance using a special money factor of .00146. These certificates entitle lessees to dealer cash in addition to this special money factor, anywhere from $1,000 to $3,500.
 
The 911's residual values and exact cash allowances vary by trim level. If you let me know exactly what car you are interested in I can tell you what they are.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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