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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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#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.
#21 of 108
Re: Caymans S - Tiptronic Lease Quote Question [jillianelyse] by changw1
Mar 08, 2007 (10:31 am)
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Replying to: jillianelyse (Mar 02, 2007 1:34 pm)

PCNA offers better money factor but also a much higher money factor. Try leasecompare.com. I think they use US bank as one of the lessor.
#22 of 108
Re: Caymans S - Tiptronic Lease Quote Question [changw1] by changw1
Mar 10, 2007 (10:36 am)
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Replying to: changw1 (Mar 08, 2007 10:31 am)

Actually, I mean to say PCNA offers both higher residual and higher money factor.
#23 of 108
Cayman S - 6 speed lease question by mightykc01
Mar 11, 2007 (7:58 pm)
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Car_Man,
 
What is the current money factors, and residuals for an '07 Cayman S 36 month lease 18K miles/year. I recently ordered a car for late May delivery (MSRP approx 63K, purchase price 58K) and when I asked the dealership what the current rates were they wouldn't give me an accurate quote. I wanted to do my research before picking up the car so I can get the best rate.
 
Also I am definitely leasing the car, and have no plans to purchase the car at the end of the lease. Will going with whoever gives me the best residual or lowest money factor give me the lowest monthly payment?
 
Thanks
#24 of 108
Re: Cayman S - 6 speed lease question [mightykc01] by vwguild1
Mar 12, 2007 (10:37 am)
Reply

Replying to: mightykc01 (Mar 11, 2007 7:58 pm)

The reason your Dealer could not provide Rates or Residuals is that they change month over month...What is accurate today will not be the same in May or June...
#25 of 108
Re: Cayman S - 6 speed lease question [vwguild1] by mightykc01
Mar 12, 2007 (5:08 pm)
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Replying to: vwguild1 (Mar 12, 2007 10:37 am)

I understand they change from month to month but I wanted to get an idea of what the rates were since I doubt they would change significantly by May.

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