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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

What is this discussion about? Porsche Cayman, Porsche Cayman S, Car Leasing, Car Buying, Coupe


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#11 of 108
Cayman Lease Help by namshik
Feb 14, 2007 (8:31 pm)
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I need your help guys and would really appreciate it. I'm looking into leasing, if possible, a 07 Porsche Cayman. I'm not really interested in any of the options but would like automatic. The invoice on a base Cayman is $43,075.00 but I don't think any dealer wants to sell it at invoice or close to it.
 
The latest lease special I've seen was the following on a $49500 MSRP
 
Down: 7,000
Monthly: 399
Months: 36
Miles/Month: 10,000
 
I'm looking at something more along the lines of,
 
Down: 3,000
Monthly: 500
Months: 36
Miles/Month: 10,000
 
I think this is possible if the dealer sells the vehicle close to invoice. Please advise.
#12 of 108
Re: Lease Pricing Question [changw1] by Car_man HOST
Feb 15, 2007 (3:39 am)
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Replying to: changw1 (Jan 25, 2007 12:59 am)

Hi changw1. Here's the information that you're looking for. Porsche Credit's current buy rate lease money factor and residual value for a 24 month (I haven't seen this car's 30 month lease program) lease of a 2007 Porsche Cayman S with 10,000 miles per year are .00310 and 69%, respectively. The numbers for an otherwise identical 36 month lease are .00310 and 61%.
 
Car_man
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#13 of 108
Re: 3 Year Lease Quote [changw1] by Car_man HOST
Feb 15, 2007 (3:42 am)
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Replying to: changw1 (Jan 31, 2007 9:46 am)

Hi changw1. The money factor and residual value that you were quoted for the Cayman that you are interested in are right in line with Porsche Credit's current lease program for it. Porsche Credit charges a $745 acquisition fee on every vehicle that it leases. If you are charged any other "doc fees" in addition to that it is nothing more than a way for the dealer that you are working with to add additional profit to your deal.
 
Car_man
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Prices Paid Forum
#14 of 108
Re: Cayman Lease Help [namshik] by Car_man HOST
Feb 15, 2007 (4:20 am)
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Replying to: namshik (Feb 14, 2007 8:31 pm)

Hello namshik. I don't know exactly how much you will have to pay for a 2007 Cayman right now, but you're right I highly doubt that you will be able to get a Cayman for close to dealer invoice. What I can tell you is that $3,000 and $7,000 are way too much money to put down when leasing. I always advise consumers not to make large down payments on leased vehicles. Those who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered.
 
I would be happy to use Porsche Credit's current lease program to tell you exactly how much it would cost you to lease this car right now. Just provide me with the full MSRP and approximate selling price of the exact Cayman that you want and I'll crunch some numbers for you.
 
Car_man
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Prices Paid Forum
#15 of 108
Re: Cayman Lease Help [Car_man] by namshik
Feb 15, 2007 (6:58 am)
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Replying to: Car_man (Feb 15, 2007 4:20 am)

let's try the following MSRPs:
$50,195
$52,875
 
i just noted that on carsdirect, the target price has changed. it was usually the same as the msrp but have changed to $47,195 and $47,195 respectively. looks like good news.
#16 of 108
Re: 3 Year Lease Quote [Car_man] by changw1
Feb 18, 2007 (1:08 am)
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Replying to: Car_man (Feb 15, 2007 3:42 am)

Thanks Car_man. I have just put down a deposit on a new Cayman S with a March build date so I still have another two months before making the financing decision. I assume money factor is tie to general interest rate. But how about residual? Will residaul value go down during later months of the product year? I see there is a huge difference between 06 and 07 model.
#17 of 108
Caymans S - Tiptronic Lease Quote Question by jillianelyse
Feb 28, 2007 (3:19 pm)
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Car_Man -
I have been looking at a Cayman S with Tiptronic in the San Francisco Area. The features on the car are the preferred package Plus & powerseats, xenon headlights....
 
MSRP:$68,450
Price they offered: $63,400
Term: 39 month lease
Miles: 15K
Drive off is $2500
Monthly Rate: $1001 (including tax - SF, CA)
 
This seems high and they claiming the residual for the Cayman S w/tiptronic is only 49%. But I keep seeing much higher on this site - am I getting ripped off?
 
Thanks
#18 of 108
Re: Caymans S - Tiptronic Lease Quote Question [jillianelyse] by vwguild1
Mar 01, 2007 (11:18 am)
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Replying to: jillianelyse (Feb 28, 2007 3:19 pm)

Is this a US Bank Lease or Porsche Financial Services???
What is the Money Factor???
#19 of 108
Re: Caymans S - Tiptronic Lease Quote Question [jillianelyse] by habitat1
Mar 01, 2007 (1:33 pm)
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Replying to: jillianelyse (Feb 28, 2007 3:19 pm)

For what it's worth, my dealer has/had several low mileage used Cayman S's in stock when I stopped in a couple of weeks ago. They were marked down considerably, especially the Tiptronic versions. He even commented that the tiptronic, which costs $3,400 +/-, is a severe impediment to resale, which may be being reflected in the lower residual value you are being quoted.
 
Before you spend $40,000 to lease a Cayman S for 39 months, you might want to look into buying a low mileage certified used one. They were all in the high $40's to low $50's, with room to negotiate, and looked brand new to me.
#20 of 108
Re: Caymans S - Tiptronic Lease Quote Question [vwguild1] by jillianelyse
Mar 02, 2007 (1:34 pm)
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Replying to: vwguild1 (Mar 01, 2007 11:18 am)

It's a US Bank Lease and the money factor is 0.00253.
 
Unfortunately, there aren't any used Tiptronics with the features I want in the state of California.
 
Thanks for your advice.

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