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Porsche Boxster Lease Questions

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Comments

  • knkknk Posts: 7
    Dave, I'm speculating a bit here, but I think it depends on whether the dealer is selling the car as a new car or a used car. If it's a new car, then the MSRP is what it is on the sticker -- it doesn't change. If it's a used car, there is no MSRP. If it's a new car and the current PFS lease term package for 2010s applies to the car (I would ask the dealer), then you're going to calculate the residual off of the MSRP just like any new car lease. PFS has completely different lease terms for used cars, which are likely not going to be anywhere near as good as the current new car terms on the 2010s.

    It really comes down to whether the current PFS lease terms apply to the car. In my limited experience, if a car was a demo or an executive car or has significant miles, the only way you're going to know that is just to call up the dealer who has the car and ask.

    The other issue you want to ask about these cars that have significant mileage is whether the car has been "punched" -- i.e., whether the warranty has already started to run. If you're doing a three year lease, it's something to think about.
  • karter9977karter9977 Posts: 6
    edited December 2010
    Looking at a 2010 Boxster with PDK. Msrp around $57,000. 36 months, 10k miles.

    The money factor I was quoted was 0.00265. Is this the going rate?

    Thanks,
  • Hi karter9977. According to the latest information that I have seen, Porsche Financial Services current buy rate lease money factor on the 2010 Boxster is .00118. That's a lot lower than what you were quoted. I would ask the dealer why there is such a discrepancy.

    Car_man
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  • easy87easy87 Posts: 11
    edited January 2011
    Does anyone know what the new money factor is from PFS for January, 2011? They were suppose to release it yesterday. I am hoping they keep it at .00118 or even lower it.
  • Here's the information that you're looking for, easy87.

    Porsche Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2011 Boxster with 15,000 miles per year are .00118 and 54%, respectively (as you were hoping :)).

    Car_man
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  • Looking at Boxster S and Spyder PDK models - 56K and 69K (sticker prices). Was thinking about a 24 month lease, but see on the forum PFS is driving people into the 3 years based on residual value. 10.000 miles year is what I looking at.

    Are they doing the $2000 incentive still and what kind of money rates are we at now? Any idea of APR's for these?

    I've never leased a car, let alone a Porsche, so any dealer recommendations in central NJ would be helpful also.
  • Hi stevesher. I don't think that Porsche is currently providing any cash incentives on the 2011 Boxster. Have you heard differently?

    According to the latest information that I have seen, Porsche Financial Services' current buy rate money factor for a 36 month lease of any 2011 Boxster is .00118.

    Car_man
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  • daisonydaisony Posts: 1
    I'm new to the forum and just learning about leasing, so I have lots of questions and hoping someone could help me out.

    I'm looking at a 2011 Spyder PDK ($73,745 sticker; $65,695 invoice)...PFS quoted money factor of 0.001180 and residual at 53% for 10k miles over 36 months.

    1. Does anyone know of any hidden incentives on the 2011 Spyder? What are good resources for finding incentives, besides edmunds and kbb?

    2. How much over invoice are people paying today?

    3. How does money factor change as a function of lease period (say increase to 48 or 60 months)?

    4. How does money factor change as a function of mileage (say increase to 12k or 15k)?

    5. What are the residuals for 48 and 60 months corresponding to 10k miles? 12k miles? 15k miles?

    6. Some dealers suggested I order a 2012 model. Is there any benefit from leasing standpoint to lease a 2012 vs. 2011 model given 1+ year for depreciation? In other words, would the residual value go up as a result?

    Thanks in advance for your help!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi daisony. The money factor that you were quoted is right in line with Porsche Financial Services' current buy rate for this model. That is a good thing because it means that the dealer is not attempting to mark your car's factor up to bake additional hidden profit into your deal.

    I am not aware of any cash incentives on the '11 Boxster right now.

    The special money factor that you are taking advantage of is only available for up to 36 months. If you want to lease for 48 or 60 months, this car's money factor would jump to .00220.

    PFS' 48 and 60 month residual values for an '11 Boxster Spyder MT with 15,000 miles per year are 39% and 32%.

    If you were to lease with only 12,000 miles per year, this car's residual values would be 2% higher.

    The residual value for a 2012 model would likely be higher, but I doubt that Porsche is providing lease support on any '12s right now, so its money factors would be higher as well.

    Car_man
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  • Hi Car Man,

    Do you know what the May 2011 residual and money factor are for a Porsche Boxster Spyder, 36 months, 10K miles?

    Also, what is the "base rate" money factor, exactly? Is that the same as the "buy rate"? I am interested in knowing the buy rate.

    Thanks!

    Nick
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Greetings Nick. Porsche Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 Porsche Boxster Spyder with 10,000 miles per year are .00118 and 54%, respectively for consumers who qualify for its top credit tier.

    The terms "base rate" and "buy rate" are synonyms.

    Car_man
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  • gummybeargummybear Posts: 1
    Does anyone know if this PFS 2011 Spyder lease program (36mo/10K/54%/.00118) is available for a 2011 that is being sold used w/CPO by a Porsche dealership?

    fwiw, I was able to do this in 2008 with a used '08 C4S (had ~2K miles) from a Porsche dealership with a PFS lease. I'm wondering if the PFS programs generally apply to current model year vehicles even if they're used.

    tia for clarification.
  • Car_man - do you know the residual differences between the 2 model years? There is still quite a bit of 2011 inventory but if I want to lease, wouldn't it be better to go with a 2012?

    thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi gummybear. Unfortunately, the special lease program that Porsche is running on the Boxster right now is only available on new, untitled units. CPO vehicles would not be eligible for the program, you can still lease a used one...just not using this money factor.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi lopezunwired. Porsche Financial Services' June buy rate lease money factor and residual value for a 36 month lease of a 2011 Boxster S with 15,000 miles per year are .00118 and 53%, respectively for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical 2012 model are .00118 and 53%...interestingly exactly the same.

    I suspect that the dealers would just charge more for the 2012 model, making it more expensive to lease.

    Car_man
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  • Car man,

    Any word on the lease rates for July 2011 -- I'm looking at a 2012 Boxster Spyder, 36 month lease and 10K miles per year. Would like to know the buy rate money factor and residual. (Note: although Spyders won't be made in 2012, I'm told mine will be considered a model year 2012 because it was a June production).

    Thanks!
  • ifxgumsifxgums Posts: 5
    I am looking at leasing a 2012 boxster s and I have been quoted a money factor of .00158 and a residual of 35721. The msrp is 66150. Does that sound right?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey spyder_nick. Porsche Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2012 Boxster Spyder with 10,000 miles per year are .00118 and 54%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi ifxgums. The money factor that you were quoted is slightly high. PFS' current buy rate for the 2012 Boxster is only .00118 for consumers who qualify for its top credit tier.

    Car_man
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  • davejhdavejh Posts: 5
    Hi Carman:

    What is the MF and the residual value for a 18 month lease of a 2011 Boxster Spyder PDK with 12,000 miles per year?

    Compare to a 2012 Boxster Spyder with the exact same lease term, are the MF and residual the same?

    Thanks,

    Dave
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