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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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#53 of 108
Re: Caymen Coupe Lease [habitat1] by chander
May 19, 2007 (4:33 am)
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Replying to: habitat1 (Apr 03, 2007 2:41 am)

Hi Habitat,
Trying to decide between a Caymans S, one with a color I like but has no chrono vs another color which is my second choice but with chrono which is better?, Is it true the sweet engine sound is a little different with the chrono? This is once in life time purchase for me and want to make the right choice.
#54 of 108
Re: Caymen Coupe Lease [chander] by habitat1
May 19, 2007 (5:50 am)
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Replying to: chander (May 19, 2007 4:33 am)

That's a decision only you can make. Drive both.
 
Or if for some reason, you can't drive the one without the sport chrono, drive one with the sport chrono and decide if the difference between activating the "sport" button is worth taking your second choice in color.
 
I can't tell if there is a difference in engine sound with just the sport chrono because I also have the sport exhaust which is also activated by pressing the sport button. There is a big difference with the sport exhaust, but I don't think much, if any without. The "sport" feature on the sport chrono increases the throttle and braking response. It is quite noticable in my 911S. It may not add to the objective performance figures, but subjectively the car feels quicker.
 
Do either/both have PASM as well? That's standard on the "S" version of the 911, but I believe an option on the Cayman S.
#55 of 108
Re: Caymen Coupe Lease [habitat1] by chander
May 19, 2007 (9:49 am)
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Replying to: habitat1 (May 19, 2007 5:50 am)

Yes, Both with pasm,arctic without chrono and meteor grey with.Thanx for ur advise
#56 of 108
Re: Caymen Coupe Lease [chander] by habitat1
May 20, 2007 (4:23 pm)
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Replying to: chander (May 19, 2007 9:49 am)

Like I said, you should really drive both to see if the sport chrono is worth it to you. But it is interesting that both have the $2k PASM option, but only one has the $920 sport chrono. I use the "sport" setting on my PASM less than 10-20% of the time - usually only on smooth higways or smooth twisty roads. But I use the (separate) "sport" setting on the sport chrono about 50% of the time.
#57 of 108
Base Cayman lease or Used Cayman S Buy? by digiedit
Jun 03, 2007 (6:37 am)
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I'm looking at either leasing a standard Cayman (preferred package, heated seats, no bose) or buying a 2006 used Cayman S.
The dealership has told me that the MSRP on the base is $53,760 and they'll sell it for $47,400. With 2500 down the payments for 12k miles/48 months will be $690/month. Is this a good deal? Seems high to me.
The used Cayman S has 12500 miles on it, PASM, PCM, Bose, 19" wheels, Sport Chrono plus etc. They are listing it at $54,900. This seems to be a great price.
 
Any recommendations would be greatly appreciated
#58 of 108
Re: Base Cayman lease or Used Cayman S Buy? [digiedit] by habitat1
Jun 03, 2007 (1:45 pm)
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Replying to: digiedit (Jun 03, 2007 6:37 am)

What was the in service date and MSRP on the 2006 Cayman S. You should be able to pick up a brand new one at close to 10% off. Unless you are getting at least 25% off the equivalent MSRP on a used one (i.e. 15% discount to what you could buy a new one for), the price is too high. And if that 2006 was an early arrival that is now 20+ months old, I'd want the price to include an extended warranty.
 
Porsche lease rates are expensive, compared to say, BMW. If you would buy the Cayman S, why wouldn't you do the same with the base Cayman?
#59 of 108
Re: Base Cayman lease or Used Cayman S Buy? [habitat1] by digiedit
Jun 03, 2007 (2:38 pm)
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Replying to: habitat1 (Jun 03, 2007 1:45 pm)

Not sure about the MSRP or date in service. I appreciate your insight. I agree that the lease rates are very high, especially when compared to BMW. What are your thoughts about Porsche Options financing? I prefer lease payments, but enjoy the feeling of actually owning the car.
#60 of 108
Re: Base Cayman lease or Used Cayman S Buy? [digiedit] by habitat1
Jun 04, 2007 (4:00 am)
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Replying to: digiedit (Jun 03, 2007 2:38 pm)

Actually, don't know much about Porsche financing options either. I paid cash, but could have (and still can) borrow at a margin interest rate of 6% or a home equity rate in the 7% range (which is tax deductable). The effective after tax rates of those options (3.5-5%) is better than any "conventional" car loan, I think.
 
Paying cash is something I've been doing since my first new car in 1978. Not necessarily the most financially prudent way to pay for a car, but it's kept me from ever buying more than I could afford and there is no monthly pain.
#61 of 108
Re: Porsche Cayman: Lease Questions [kyfdx] by al_93
Jun 13, 2007 (7:49 am)
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Replying to: kyfdx (Dec 27, 2006 7:00 pm)

I'm considering the same thing--there's a leftover (new) '06 Cayman S at my local dealership. I'm trying to infer the money factor and residual from the '07 values that I've found in your posts. Is this a good assumption? What are the values for the '06 on a 24 month lease?
 
Thanks.
#62 of 108
Re: Caymen Coupe Lease [carnieve] by voodooist
Jun 26, 2007 (1:59 pm)
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Replying to: carnieve (Apr 02, 2007 12:30 pm)

Hello Car Man,
 
I too was drawn to the dealer by this lease add.
 
Since then I have decided that I am interested in the following Cayman:
Base Cayman 5 speed with no upgrades other than the Arctic Silver Paint, 18" Cayman S wheels and some floor mats.
 
My credit is excellent, (above 800)
 
I was quoted the following:
52,300 MSRP
48,789 Sale Price
3000 down
48 Month Lease
10K Miles per year
$722.35 total monthly payment in CA (w/Tax)
 
We hashed through so many different scenarios that I am not sure if they are taking into account about 2K in equity I have in my trade in this calculation or not.
 
Miles aren't really an issue for me as I have another car, this is the weekend fun and trip car.
 
I have played with the leasing calculator on the site, but still not sure if I am plugging the numbers in correctly
 
Some have suggested that I save up more cash for a down payment and buy the car using extended financing such as a 72 Month loan.
 
Any suggestions and guidance would be greatly appreciated.

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