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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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#204 of 249
Residuals for 48 month leases by si_chips
Sep 02, 2009 (4:57 pm)
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Hi Car Man,
For 36 month lease of a 2009 911 C2 Coupe with a manual transmission from what I see in your earlier postings:
15k mi/yr is 55%
12k mi/yr is 56%
10k mi/yr is 58%
 
Can you tell me what these would be for 48 month lease?
Thanks!
#205 of 249
Re: Residuals for 48 month leases [si_chips] by Car_man HOST
Sep 09, 2009 (3:49 am)
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Replying to: si_chips (Sep 02, 2009 4:57 pm)

Hi chips. PFS' September buy rate lease money factor and residual value for a 36 month lease of a 2009 911 C2 Coupe with 15,000 miles per year are .00146 and 55%, respectively.
 
You definitely do not want to lease this car for 48 months. If I recall correctly, its special lease offer is only available for 36 month leases. If that is indeed the case then if you were to lease for 4 years, this car's money factor would more than double from .00146 to .00310. Ouch.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#206 of 249
comparable credit - Porsche Financial Services by porschecrazy
Sep 13, 2009 (3:46 pm)
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Hi All
 
So this weekend I found my dream 911 C2, discussed the finances worked out the numbers and sat down with the dealer to finish the deal.
 
The dealer took down my information ran my credit and told me that I have a 740 score but PFS might not approve my lease because I don't have comparable credit.
 
My current car is a 17000$ Toyota and PFS might not agree to lease a 911 to me as its too big of a jump.
 
Apparently their automated system turned it down and the dealer might need to discuss it with PFS over the phone ( PFS is not open on a Sunday )
 
Has anyone in this forum faced a similar problem with not having comparable credit??
 
Thanks!
#207 of 249
Re: need feedback on latest lease [cardiohex] by porschecrazy
Sep 13, 2009 (3:49 pm)
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Replying to: cardiohex (Aug 26, 2009 5:12 pm)

Thanks for the info cardiohex. Will definitely watch out for the fine print.
#208 of 249
Please confirm residual and MF for 09 911 C2S cab by weakestlink
Sep 17, 2009 (9:09 am)
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Carman or anyone else,
 
Is it still 51% and 56% for 36 and 24 months, 15k?
Does PFS bump up 3% for 10k miles?
And .00146 MF?
 
Thanks.
#209 of 249
Re: Please confirm residual and MF for 09 911 C2S cab [weakestlink] by Car_man HOST
Sep 22, 2009 (2:06 am)
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Replying to: weakestlink (Sep 17, 2009 9:09 am)

Hey weakestlink. PFS' special .00146 money factor is good through the end of the month. However, its residual values for 24 and 36 month leases of the 2009 911 C2S Cab with 15,000 miles per year are now 54% and 51%, respectively.
 
Yes, you would add 3% to these residual value for leases with only 10,000 miles per year.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#210 of 249
911 cab lease - is the lower LMF of .00146 still being offered? by tb310
Sep 28, 2009 (12:00 am)
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Replying to: Car_man (Aug 31, 2009 2:22 am)

Car-man - is the special lease money factor .00146 still offered in Sept? West LA dealer quote on 2009 911 cab w/ minimal options (PDK, heated seats, floor mats) LMF .0024 (if lease paid up front of $42K) or .0031 (w/ monthly payments $1250, $3K driveoff) on 3 year lease 12K miles year..
 
Is the lower LMF of .00146 still being offered?
 
If dealer lists:
CashSalePrice $77K , but 3 yr lease based on MSRP $94K, I think the lease calculation is based on MSRP. Dealer said vehicle MSRP for lease is based on MSRP, not the CashSalePrice. Does Porsche negotiate the MSRP and residual used in the lease calc or am I stuck with MSRP and 54% residual?
#211 of 249
Re: 911 cab lease - is the lower LMF of .00146 still being offered? [tb310] by weakestlink
Sep 29, 2009 (9:26 pm)
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Replying to: tb310 (Sep 28, 2009 12:00 am)

Hi tb,
 
From my pretty extensive research, the .00146 is available on all 997 leases in September. And the incentive on all RWD 997s is $10k. The $10k incentive cannot be combined with the subsidized lease program so you should add $10k to the cash sale price ($77k + $10k = $87k).
 
BTW, on a $94k MSRP, the markup is 10% so the dealer cost would be approx. $84,600 ($74,600 if buying). I've found several dealers on the East Coast willing to sell for $1000-$1500 over invoice.
 
Hope this helps. You may want to get Carman or someone to verify my facts but based on my own searching, I'm pretty confident they're correct.
#212 of 249
thank by tb310
Oct 05, 2009 (2:29 pm)
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Replying to: weakestlink (Sep 29, 2009 9:26 pm)

thanks for the insight. With your advice, I'm going to purchase the car and have a better idea how much I can negotiate on the price with the dealer still making a fair profit (but at least saving me thousands of dollars). Without your guidance, I was reluctant to pull the trigger on the purchase as I feared overpaying. You do a great service and I appreciate it dealer and will think of you whenever I drive my 911!
#213 of 249
Re: thank [tb310] by kentmoon
Oct 07, 2009 (9:10 am)
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Replying to: tb310 (Oct 05, 2009 2:29 pm)

What if you take cash discount ($10K) and use 3rd party lease deal? I've always gotten a lease based on cash purchase price in the past. As long as you don't take lease special from Porsche. Is that possible?

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