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Prices Paid: Buying & Leasing Experiences
Porsche Cayman Lease Questions

108 messages, Last post on Nov 24, 2009 at 3:05 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: beaub (Jul 28, 2009 9:04 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: 9squaregrid (Jul 12, 2009 7:39 pm) |
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Replying to: 9squaregrid (Jul 12, 2009 7:39 pm)
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Replying to: patco2927 (Sep 17, 2009 7:10 am) what was the msrp on the car? |
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Replying to: 9squaregrid (Jul 12, 2009 7:39 pm) MSRP - 67,480 Cap Cost - 63,000 (6.6% discount) Residual - 35,089 (52%) MF - 0.00146 Months - 36 Miles/yr - 15,000 Payment - $1,025/month Any comments? Thanks. |
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Replying to: 9squaregrid (Jul 12, 2009 7:39 pm) which dealership did you use ? |
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| Autobahn Porsche in Ft Worth Texas | |
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| Can you please tell me what experian credit score Porsche finance considers tier 1? | |
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Hi Carman: I thought I'd get a bargain by leasing a pre-owned 06 Cayman S. The Porsche dealer's quote for a 36 mo. 12K/yr lease was: Price $41.5K Cash Down $7.5K MF .00350 48% residual (on price) "bank fee" of $895 Pmt: $670+ tax Not good. Looks like they really don't want to lease pre-owned cars. I could get essentially the same pmt on a brand new 09' Cayman S with a little price haggling. Or a stock Cayman for $100/mo less and 50% less $$ down. I expected a lower MF reflecting the going loan rates and much a higher residual because its past the worst depreciation years and its a Porsche. With those lease variables, there's no way to get a price low enough to make up for the low residual and this work. Are my expectations unrealistic? It looks like I'll have to forget this as a bargain. (i inadvertently posted this on the 911 forum too.)
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Replying to: dwpc (Nov 04, 2009 4:34 pm) From the manufacturer's perspective this makes sense, they earn a profit every time they sell a brand new vehicle but there's very little benefit to them if a consumer leases a used vehicle other than perhaps stronger resale values and a fee for certifying the car / truck. If I was in the market for a Cayman, I personally would go new over used. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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