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Porsche Cayman Lease Questions

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

You are in the Porsche Cayman S Forum. Your Host is claires

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


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#106 of 108
Tier 1 credit by frequencydip
Sep 24, 2009 (7:37 am)
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Can you please tell me what experian credit score Porsche finance considers tier 1?
#107 of 108
Lease of Pre-owned 06 Cayman $...Major Penalty? by dwpc
Nov 04, 2009 (4:34 pm)
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Hi Carman:
 
I thought I'd get a bargain by leasing a pre-owned 06 Cayman S. The
Porsche dealer's quote for a 36 mo. 12K/yr lease was:
Price $41.5K
Cash Down $7.5K
MF .00350
48% residual (on price)
"bank fee" of $895
Pmt: $670+ tax
  
Not good. Looks like they really don't want to lease pre-owned cars. I could get essentially the same pmt on a brand new 09' Cayman S with a little price haggling. Or a stock Cayman for $100/mo less and 50% less $$ down.
 
I expected a lower MF reflecting the going loan rates and much a higher residual because its past the worst depreciation years and its a Porsche. With those lease variables, there's no way to get a price low enough to make up for the low residual and this work. Are my expectations unrealistic? It looks like I'll have to forget this as a bargain.
 
(i inadvertently posted this on the 911 forum too.)
#108 of 108
Re: Lease of Pre-owned 06 Cayman $...Major Penalty? [dwpc] by Car_man HOST
Nov 24, 2009 (3:05 am)
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Replying to: dwpc (Nov 04, 2009 4:34 pm)

Hi dwpc. the problem with leasing CPO vehicles is that manufacturers usually provide much more support on new vehicle leases than they do on used. As a result, as you have seen there is often not much difference in payment between leasing a used vehicle and an equivalent brand new one.
 
From the manufacturer's perspective this makes sense, they earn a profit every time they sell a brand new vehicle but there's very little benefit to them if a consumer leases a used vehicle other than perhaps stronger resale values and a fee for certifying the car / truck.
 
If I was in the market for a Cayman, I personally would go new over used.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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