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Porsche Boxster Lease Questions

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  • noojerrznoojerrz Posts: 6
    Car Man,

    Thanks for the guidance again. I picked up my new 2010 boxster 6speed last week, in triple black and I'm loving it..
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome, noojerrz. Sweet ride. Enjoy!

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  • I am thinking to lease boxter spyder and this is my first time to lease a vehicle.
    Can anyone give me a feedback for what is ideal monthly payment? This is what my local sales person give me 3 yrs 10k/ yr $3500 down $1237.29.mo. Msrp is 69800.
  • lenne123lenne123 Posts: 2
    Am ready to pull the trigger on a 2010 Boxster MSRP $55,400 - Sale Price $49,500
    36 month lease - .00118 money factor - 12K miles per year - residual 56%....would anyone like to give me any feedback?
  • armani335iarmani335i Posts: 17
    I think you can do a little bit better. Mine was 57.2K and had a selling price close to your figure. I think it was about 7700 discount including the 2K rebate.
  • lenne123lenne123 Posts: 2
    armani, thanx...I did shop around and purchased 2010 metro blue, msrp $59,500...sale price 51,200...thanx for your help
  • knkknk Posts: 7
    Car man,

    I'm looking to lease a 2010 Boxster (base or S) before the end of August. Do you know the current money factor and residual value for a 15,000 mile, 3 year lease?

    Thanks much!

    If you have the same info for a Cayman that would be great too (as I'm considering those as well).
  • knkknk Posts: 7
    Dear Carman, any information you have on the current (September) PFS lease program for 2010 Boxsters (base and S) would be much appreciated! I'm looking for a 15,000 mile a year, 2 or 3 year lease. Thanks in advance!
  • Hello knk. Porsche Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2010 Boxster with 15,000 miles per year are .00118 and 54%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2010 Boxster S are .00118 and 53%.

    The numbers for a base 2010 Cayman are .00118 and 53%.

    The numbers for a 2010 Cayman S are .00118 and 52%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited September 2010
    Here you go, knk. Porsche Financial Services' September buy rate lease money factor and residual value for a 24 month lease of a base 2010 Boxster with 15,000 miles per year are .00118 and 54%, respectively.

    Interestingly, the numbers for a 36 month lease of this car are exactly the same. Porsche seems to be pumping up the resids for 36 month leases a little bit.

    The numbers for the 2010 Boxster S are .00118 / 52% for 24 months and .00118 / 53% for 36 months. One rarely sees a 3 year residual value that's higher than a two year resid.

    Car_man
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  • knkknk Posts: 7
    Car_man,

    Thank you very much! Really appreciate it.

    Do you by any chance know if Porsche is still offering dealers the $2000 cash incentive on these 2010 Boxster leases?

    Regards,
    KNK
  • You're very welcome, KNK. That's an excellent question about the $2,000. I know that it definitely exists, but I'm not sure whether it is compatible with Porsche's special lease money factors. I believe that it is, but I'm not positive.

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  • car man can you lease a boxter that is coming in off a first lease and is it a good idea and if not what year boxter can you get for 25000.
  • Hi keegs54. You probably can lease and off-lease Boxster, but chances are that if you really want to lease you would be better off going with a brand new model. Porsche is providing support on leases of new Boxsters, but I doubt that it has any support on leftover ones.

    The pricing of Boxsters can vary tremendously, depending upon how they are equipped, so it's difficult for me to tell you what year model $25,000 will buy, You probably should play around over in the Used Vehicle Pricing,/a> section of Edmunds.com to get an idea of what you're looking at.

    Car_man
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  • knkknk Posts: 7
    Car_man, I leased a 2010 Boxster S last month and can tell you that the $2000 is compatible with Porsche's special lease money factors. Thanks very much for the info you provided on the program Porsche is running, it was very helpful. Cheers!
  • Excellent info. I figured that the cash and the special money factor were compatible, but I wasn't positive. Thanks for the confirmation knk.

    Enjoy your new Boxster :shades: !

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  • davejhdavejh Posts: 5
    Hi Car_man,

    Can Factory Demos be leased as new vehicles even though they have couple thousands miles on them already? If the lease rates are not the same as a completely new 2010 model, what is the current money factor and residual for a 2010 factory demo Boxster S with 15000miles/yr for 3 years? Also, does the $2000 cash incentives apply to factory demo?

    Thank You,
    Dave
  • knkknk Posts: 7
    Dave, this is the kind of thing you're just going to have to ask the dealer who has the car whether the current PFS lease package applies to it. I had looked at a few cars that we corporate executive cars for the year, and the package didn't apply (no subsidized lease terms and no $2000 to the dealer). Probably depends on the number of miles on the car, etc. As the miles go up, PFS can't offer the same residual value, etc.
  • davejhdavejh Posts: 5
    Much appreciate for the info knk. So I guess factory demo's MSRP price is somewhere in the grey area as well? I would imagine it will be hard to calculate depreciation on those kind of cars since they are couple thousands miles but still 2010. For lease on those Factory demos with around 5k miles on them, how often do you see them list the original MSRP price (brand new) as the numbers for calculating residual?

    Thank You,

    Dave
  • Hey Dave. Demo vehicles are typically still eligible for new vehicle lease programs. As knk said though one has to check with the dealer that has the vehicle to be certain.

    Porsche Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2010 Porsche Boxster S with 15,000 miles per year are .00118 and 53%, respectively.

    The cash incentive should still apply.

    Car_man
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