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Porsche Cayman Lease Questions

108 messages,  Last post on Nov 24, 2009 at 3:05 AM

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What is this discussion about? Porsche Cayman, Porsche Cayman S, Car Leasing, Car Buying, Coupe

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#69 of 108 2008 Cayman Lease, 36 mo. and $2500-3000 down by vmichael Sep 23, 2007 (6:40 pm)
Hello! This will be my first Porsche and I'm very excited, but would appreciate a little help from someone who knows more about leases (Porsche leases, to be exact) than I do. So thanks in advance for your help!   I am considering leasing a 2008 Cayman (in California) with a MSRP of $51,845. I haven't gone in to see the car yet, but plan to do so this weekend and if the price is right, I'll lease it. I talked to a salesman on the phone today and he said that he could get my monthly payment (on a 10,000 mile, 36 month lease) to be at or just below $800 per month, including taxes, with $3000 down. There is no trade in here. This seems a bit high to me; is it? How can I negotiate a better deal (I'd like to get the car at around $650 a month with the same or less down)- what is a realistic expectation?   Thanks again for your help! Replies to this message: habitat1 (Sep 25, 2007 2:16 pm) digiedit (Sep 25, 2007 5:28 pm) Car_man (Oct 23, 2007 1:23 am)
#70 of 108 Re: 2008 Cayman Lease, 36 mo. and $2500-3000 down [vmichael] by habitat1 Sep 25, 2007 (2:16 pm)
Replying to: vmichael (Sep 23, 2007 6:40 pm) I'm sure others will assist you on the lease feedback. However, if I might ask, why are you leasing?   By my calculations, you would be spending nearly $32,000 over 3 years to "rent" a car that would only cost about $52,000 to purchase outright (figuring the sales tax would be mostly offset by a 7+/-% discount off MSRP). Hell, why don't you just go the extra $20k and purchase it? Even at $650-700 per month instead of $800, you are still paying over half of the price of the car over a 3 year/30,000 mile lease.   Unless there is an overriding reason why it makes sense to lease (100% tas deductable business expense) it doesn't make sense to me. And the way I look at it, if I couldn't afford to pay cash for my current 911S or previous Honda S2000, I shouldn't be getting it. They are a discretionary purchase, after all. Just my perspective, for what it's worth or not.
#71 of 108 Re: 2008 Cayman Lease, 36 mo. and $2500-3000 down [vmichael] by digiedit Sep 25, 2007 (5:28 pm)
Replying to: vmichael (Sep 23, 2007 6:40 pm) You should be able to do better. This was my deal in June in Dallas, TX - BTW, The Cayman is a great car, but be prepared for every idiot kid in a Honda Civic / Mitsubishi Eclipse wanting to race you at stop lights - its actually kind of funny. I just sit there and watch them floor it - i'm WAY too old for that   MSRP - 54, 760 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.
#72 of 108 Re: 2008 Cayman Lease, 36 mo. and $2500-3000 down [vmichael] by Car_man HOST Oct 23, 2007 (1:23 am)
Replying to: vmichael (Sep 23, 2007 6:40 pm) Welcome vmichael. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The best way to get a good deal on a leased vehicle is to negotiate its selling price and then have the dealer that gives you a price that you are comfortable with calculate your monthly payment using its buy rate lease money factor. Porsche Credit's current buy rate lease money factor for a 36 month lease of a 2008 Cayman is currently .00310 for consumers who qualify for its top credit tier.   I would be happy to give you my opinion of this deal if you tell me what this car's selling price is.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#73 of 108 Car_Man is above MF correct? by hannab Oct 24, 2007 (4:39 am)
The 36 mo MF's I am seeing are .00320, without mention of tiers. Thanks for all your valuable info. Replies to this message: Car_man (Dec 04, 2007 3:22 am) alphaomega (Dec 07, 2007 4:54 pm)
#74 of 108 Re: Car_Man is above MF correct? [hannab] by Car_man HOST Dec 04, 2007 (3:22 am)
Replying to: hannab (Oct 24, 2007 4:39 am) You're welcome, hannab. Through the end of the year, Porsche Credit's buy rate lease money factor is definitely .00310 for consumers who qualify for its top credit tier and pay a security deposit and its $745 acquisition fee at lease signing.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: alphaomega (Dec 07, 2007 4:54 pm)
#75 of 108 Re: Car_Man is above MF correct? [Car_man] by alphaomega Dec 07, 2007 (4:54 pm)
Replying to: Car_man (Dec 04, 2007 3:22 am) Should I take the below offer?   2007 Cayman MSPR $56000 Selling price : $46000 TDO : $4000 Montly payment : $618 + tax Residual : $31000   What do you think, Car Man?
#76 of 108 cayman 2007 lease by mpc911 Apr 09, 2008 (10:02 am)
I am looking at leasing a remaining 2007 cayman that my dealership has left. MSRP 53,490 discounted to 45,900 5200 total down 36 month lease $679 (includes taxes) Is this a good deal? I think it may be too much down. What is the current money factor? Any help is appreciated
#78 of 108 Lease Question by robinke May 10, 2008 (8:49 am)
Car_Man   My local Porsche dealer quoted a money factor of .0027 and a residual of 62% for a 36 month, 10,000 mile lease for a base Cayman. Have they marked up the rate? The Cayman lease advertised on the Porsche website appears to have a money factor of .0025 and a residual of 62% for the same terms. Also, can anyone advise on the price, i.e. how close to the invoice should I expect to pay? Thanks! Replies to this message: Car_man (May 21, 2008 2:44 am)

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