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Prices Paid: Buying & Leasing Experiences 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
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Replying to: habitat1 (Jun 03, 2007 1:45 pm)
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Replying to: digiedit (Jun 03, 2007 2:38 pm) 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. |
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Replying to: kyfdx (Dec 27, 2006 7:00 pm) Thanks. |
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Replying to: carnieve (Apr 02, 2007 12:30 pm) 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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Replying to: voodooist (Jun 26, 2007 1:59 pm) I love it!!!
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Replying to: digiedit (Jun 26, 2007 5:37 pm) 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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Replying to: voodooist (Jun 26, 2007 7:24 pm) Sale Price $48,500 Trade in $21, 500 Amount owed on Trade in $22300 Down Payment $2800 (including first month) Residual $35220 Monthly payment $663 (includes negative equity for trade in) Not sure what they money factor is. Hope this helps
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Replying to: digiedit (Jun 28, 2007 5:59 am) Sounds like I should be able to work a better deal than offered the first time around. |
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Hello, I'm looking for suggestions on a Cayman Lease. So far this is the car I am looking at, though I did find one slightly more expensive with the heated seats, xenon lights and stereo upgrade that is an option also. 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, 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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Replying to: voodooist (Jun 28, 2007 8:16 am) The selling price that you were quoted for the Cayman that you are interested in looks reasonable to me, but it probably wouldn't hurt to comparison shop with another dealer or two to see if that is the best that you can do on this model in your area. Also, make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "Porsche Cayman: Prices Paid & Buying Experience". Once you arrive at a selling price that you are comfortable with, have the dealer that gives it to you calculate your monthly payment using Porsche Credit's buy rate lease money factor of .00310. Car_man Host Prices Paid Forum |
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