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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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#55 of 107
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 107
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 107
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 107
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 107
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 107
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 107
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 107
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.
#63 of 107
Re: Caymen Coupe Lease [voodooist] by digiedit
Jun 26, 2007 (5:37 pm)
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Replying to: voodooist (Jun 26, 2007 1:59 pm)

I got my Cayman last week. Base. Manual. Artic Silver. Preferred Package. Heated Seats. $2800 down. $655/month. 36 months. 12k year.
 
I love it!!!
#64 of 107
Re: Caymen Coupe Lease [digiedit] by voodooist
Jun 26, 2007 (7:24 pm)
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Replying to: digiedit (Jun 26, 2007 5:37 pm)

Congrats digiedit!
 
Can you shed some light on MSRP, Sell Price, residual, and money factor?
 
Sounds like I can work myself a better deal.
 
If so I may get my Cayman after all.

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