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Porsche Cayman Lease Questions

85 messages,  Last post on Sep 20, 2008 at 1:17 AM

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

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#70 of 85 Re: 2008 Cayman Lease, 36 mo. and $2500-3000 down [vmichael] by habitat1 Sep 25, 2007 (3:16 pm)
Replying to: vmichael (Sep 23, 2007 7:40 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 85 Re: 2008 Cayman Lease, 36 mo. and $2500-3000 down [vmichael] by digiedit Sep 25, 2007 (6:28 pm)
Replying to: vmichael (Sep 23, 2007 7:40 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 85 Re: 2008 Cayman Lease, 36 mo. and $2500-3000 down [vmichael] by Car_man HOST Oct 23, 2007 (2:23 am)
Replying to: vmichael (Sep 23, 2007 7:40 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 85 Car_Man is above MF correct? by hannab Oct 24, 2007 (5:39 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 4:22 am) alphaomega (Dec 07, 2007 5:54 pm)
#74 of 85 Re: Car_Man is above MF correct? [hannab] by Car_man HOST Dec 04, 2007 (4:22 am)
Replying to: hannab (Oct 24, 2007 5:39 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 5:54 pm)
#75 of 85 Re: Car_Man is above MF correct? [Car_man] by alphaomega Dec 07, 2007 (5:54 pm)
Replying to: Car_man (Dec 04, 2007 4:22 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 85 cayman 2007 lease by mpc911 Apr 09, 2008 (11:02 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 85 Lease Question by robinke May 10, 2008 (9:49 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 3:44 am)
#79 of 85 Re: Lease Question [robinke] by Car_man HOST May 21, 2008 (3:44 am)
Replying to: robinke (May 10, 2008 9:49 am) Hey robinke. The dealer that you are working with dis mark your car's money factor up slightly, but not nearly as badly as many Porsche dealers that I have seen. Porsche Credit's May buy rate lease money factor is .00250. Make sure to stop by the "Porsche Cayman Prices Paid and Buying Experience" discussion for feedback on how much you should pay for this car.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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