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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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#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)
#79 of 108 Re: Lease Question [robinke] by Car_man HOST May 21, 2008 (2:44 am)
Replying to: robinke (May 10, 2008 8:49 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
#80 of 108 Current Porsche Money Factor by speedracerette Jul 21, 2008 (6:48 pm)
Can you please provide the dealers current buy rate for a 36 month, 12,000 Porsche lease for Tier 1 credit?   Thanks in advance. Replies to this message: hannab (Jul 22, 2008 3:54 pm) speedracerette (Jul 22, 2008 8:08 pm)
#81 of 108 Re: Current Porsche Money Factor [speedracerette] by hannab Jul 22, 2008 (3:54 pm)
Replying to: speedracerette (Jul 21, 2008 6:48 pm) 36 months - 12 K Cayman 61% residual, MF = .0026 Cayman S 59 % - same MF Replies to this message: speedracerette (Jul 22, 2008 8:08 pm)
#82 of 108 Re: Current Porsche Money Factor [hannab] by speedracerette Jul 22, 2008 (8:08 pm)
Replying to: hannab (Jul 22, 2008 3:54 pm) Hmmmph. The F&I guy told me "I'm giving you my buy rate" at .0033. I thought that sounded high.   Now he just gets a check and no money on the backend.   Thanks hannab!
#83 of 108 Leasing quote is this any good? by tightymcfish Sep 02, 2008 (3:04 pm)
Here was a dealer told me on either a 2008 Boxster or a red 2008 Cayman   15kmiles/year $539+tax 18kmiles/year $596+tax 36months   MSRP 51000 Negoitated down to 47000 Residual 53% MF .0030 5900 down   Is this a good deal? Replies to this message: Car_man (Sep 12, 2008 1:58 am) hannab (Sep 20, 2008 12:17 am)
#84 of 108 Re: Leasing quote is this any good? [tightymcfish] by Car_man HOST Sep 12, 2008 (1:58 am)
Replying to: tightymcfish (Sep 02, 2008 3:04 pm) Hi tightymcfish. Let me begin by saying that $5,000 is way too much money to put down on a lease. I always advise consumers not to make large down payments on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled. Even though it means that your monthly payment will be a little higher, it would be much safer for you to go with a zero down lease.   Also, the money factor that you were quoted is a little on the high side. Porsche Credit's current buy rate lease money factor is .00250 for consumers who qualify for its top credit tier. See if you can get the dealer to use that factor to calculate your car's payment.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: hannab (Sep 20, 2008 12:17 am)
#85 of 108 Re: Leasing quote is this any good? [Car_man] by hannab Sep 20, 2008 (12:17 am)
Replying to: Car_man (Sep 12, 2008 1:58 am) Car_man is correct, this is not a fair offer. I leased an 08 Cayman in Aug. MSRP 53,300. Cap cost 47,000, MF .0025, resid for 36 mo /15K should be 57%.  Payment on your car should be about $590 with ZERO down.
#86 of 108 Cayman lease 2008 by bimmerlovr Nov 30, 2008 (3:47 pm)
hi guys, i'm thining of embarking on my first porsche lease!!   Does anyone know what a good lease (mf, residual, etc) for 24 months on a Cayman 2008 should be? i'm looking at one with an msrp of about 55k with a cap cost of 51k.   thank you!! Replies to this message: Car_man (Dec 10, 2008 5:08 pm)
#87 of 108 Re: Cayman lease 2008 [bimmerlovr] by Car_man HOST Dec 10, 2008 (5:08 pm)
Replying to: bimmerlovr (Nov 30, 2008 3:47 pm) Welcome bimmerlovr. Porsche Credit's current buy rate lease money factor and residual value for a 24 month lease of a base 2008 Cayman with 15,000 miles per year are .00270 and 54%, respectively. If you choose to go with a 36 month lease, Porsche is running a special conquest promotion for current owners of competitive vehicles which provides a money factor of .00208 (57% residual value).   I am not personally familiar with what the market is like for the Cayman in your area right now, but I can tell you that business at Porsche dealers in general is very, very slow right now. Shoot for as close to dealer invoice as possible when negotiating your selling price on this car. You can look up the invoice price of the exact model that you want by visiting the New Vehicle Pricing section of Edmunds.com.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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