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Porsche Cayman Lease Questions

107 messages,  Last post on Nov 04, 2009 at 4:34 PM

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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#25 of 107
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.
#26 of 107
Re: Cayman S - 6 speed lease question [mightykc01] by changw1
Mar 13, 2007 (4:57 am)
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Replying to: mightykc01 (Dec 19, 2006 11:43 am)

Check the March rate out here:
 
http://www.caymanclub.net/showthread.php?t=9664
 
Based on my research, residual goes down gradually over the course of the year.
#27 of 107
Re: Cayman S - 6 speed lease question [changw1] by mightykc01
Mar 15, 2007 (5:34 pm)
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Replying to: changw1 (Mar 13, 2007 4:57 am)

Thanks changw1, I'm actually a member of the caymanclub and saw the post. I was hoping to get the rates Porsche financial offers.
#28 of 107
Lease rate by changw1
Mar 16, 2007 (10:34 am)
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I believe those are the official PCNA rates. However, the money factor is based on tier-2 credit rate. The tier-one credit money factor should improve by 0.0001.
#29 of 107
Re: Lease rate [changw1] by vwguild1
Mar 16, 2007 (11:34 am)
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Replying to: changw1 (Mar 16, 2007 10:34 am)

FYI...That requires a score of 740+
#30 of 107
Re: Cayman Lease Help [namshik] by Car_man HOST
Mar 20, 2007 (1:33 am)
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Replying to: namshik (Feb 15, 2007 6:58 am)

Thanks for the additional information, namshik. OK, so you're interested in seeing what the monthly payment would be like on a 36 month, 10,000 mile per year lease of a base 2007 Porsche Cayman without Tiptronic that has an MSRP of $50,196 and a selling price of $47,195. According to my calculations, this car's zero down, pre-tax monthly payment should be around $715.
 
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#31 of 107
Re: 3 Year Lease Quote [changw1] by Car_man HOST
Mar 20, 2007 (1:36 am)
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Replying to: changw1 (Feb 18, 2007 1:08 am)

You're very welcome, changw1. You're right, vehicles' residual values gradually decrease as the model year progresses. Porsche's lease programs usually run in two month increments. While there is no guarantee that a vehicle's residual value will drop when a new program is published, it's very possible that it will fall by a point or two.
 
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#32 of 107
Re: Cayman S - 6 speed lease question [mightykc01] by Car_man HOST
Mar 20, 2007 (1:40 am)
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Replying to: mightykc01 (Mar 11, 2007 7:58 pm)

Hi mightykc01. Porsche Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Porsche Cayman S without Tiptronic with 15,000 miles per year are .00310 and 57%, respectively. 15,000 miles per year is the highest mileage allowance that Porsche Credit publishes residual values for. I believe that if you need to drive more than this you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty. Some independent banks have better money factors than Porsche Credit, but their residual values tend to be worse.
 
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#33 of 107
2007 Cayman lease questions - help Carman! by lbh2315
Mar 21, 2007 (5:54 am)
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2007 Porsche Cayman, turned in by owner with 5K miles on it
Red with tan leather
  
Tiptronic S
Preferred Package
MSRP = 56K
 
Price = $46,500
39 month lease
56% residual
12K/year
mf = .00340
$2,300 negative equity from my Saab trade-in
$3,700 total out of pocket at delivery
payments of $799/mo
 
I cannot figure out if this is a good deal or not. Sounds good considering the negative equity and the discount on the car, approx. $2k of out of pocket goes to fees (just tags on a Porsche are $850 in AZ!). Not often I can get into a Cayman with tip for $46,500 - but I am just concerned b/c it is fairly stripped down, no Bose, no xenons, no navi, no sunroof. But I would be willing to overlook these things if you told me this was a great deal. Any help Carman???? I probably need to act quick as I already put a deposit on a 2008 Audi TT roadtser leased at $680/mo. Thanks in advance for your help - or anybody else of course! Now if only someone could help me decide between the Cayman and the new TT roadster!!
#34 of 107
Re: 2007 Cayman lease questions - help Carman! [lbh2315] by redsoxgirl
Mar 22, 2007 (5:12 am)
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Replying to: lbh2315 (Mar 21, 2007 5:54 am)

"Now if only someone could help me decide between the Cayman and the new TT roadster!!"
 
Forgive me in advance, but I'm feeling rather opinionated this morning and not inclined to mix my words or try to be politically correct. So take the following as you wish:
 
- Do you know what the heck you are buying? The "Preferred Package" on the Cayman does include Xenons and Bose.
 
- $680 to $800 per month for what? In the case of the TT a grossly overweight pretender of a sports car and in the case of the base Cayman, a competent sports car, but handicapped with that god-awful tiptronic. Obviously, you don't really care about performance...but, you are spending a small fortune for exactly what? Looks? For someone who is upside down to the tune of $2,300 on a Saab it seems like you like to waste your money.
 
I get kick out of some who comment that I must be rolling in the dough to be driving a 2007 911S coupe. I do well, but a long way short of "rolling" as I define it. I negotiated a great discount to MSRP, paid cash and, based upon my calculations, it will cost me less than $800 per month over 3+ years. $8,000 to $10,000 per year to lease a TT or base Cayman with tiptronic?

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