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Porsche 911 Lease Questions

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  • bosco42bosco42 Posts: 20
    Car Man......from the dealers I have spoken with the residual numbers differ from what you have posted.....are you sure yours are accurate ??
  • noahsdadnoahsdad Posts: 17
    i have checked with dealers...they seem to accurate. many dealers are trying to pad the .00146 buy rate, so beware
  • bosco42bosco42 Posts: 20
    Is there an official online source that quotes the residuals

    I was told by 2 dealers that the residual was 55% on an 09 C2S coupe with 10K per year

    "Hi glbmw. Dealers that have certificates available can offer the following terms. Porsche's current buy rate lease money factor and residual value for a 36 month lease of a 2009 911 C2 Coupe with 10,000 miles per year are .00146 and 58%, respectively. The numbers for an otherwise identical lease of an '09 911 C2 Coupe S are .00146 and 56%. The numbers for an '09 911 C4 Coupe are .00146 and 56%."
  • mghboltmghbolt Posts: 1
    Hello Car Man:

    Would greatly apprecieate advice on negotiating a lease on a basic '09 Carrera coupe manual (MSRP range 79,450-82,000). I live in California and the state tax is ~9.25%

    1) It seems that from the forum that the best Money Factor is .00146 on a 3 year lease, does that hold true for 15K miles/year lease as well?

    2) I've heard that this special low rease rate will run through the end of May'09 and it will change for June, either up or down

    3) What is the residual percentage for a 3 year 15 K miles/year lease, and through the same source, I heard the residual percentage may go down for the worse after May, any truth in that

    4) How much off MSRP can I realistically get in this economy, is 15% too much for an '09 Carrera Coupe basic model, or is 10% more realistic, one dealership gave 8% off MSRP without too much haggling

    5) I won't need the car till later in the summer, but do you think its worth putting a deposit by the end of May (capitalize on the low money factor), and have the dealership let me pick up the car end of June which would be the start of the lease. Will a dealership let me do that and have the car sit on their lot for a month before triggerring the lease just with a deposit?

    Greatly appreciate all your advice.

    -MGHBolt
  • mk2001mk2001 Posts: 2
    Hi Car man,

    I looking at a 2009 Targa 4s and appreciate your guidance on uterms to expect on this model. I understand you mentioned the current buy rate for leases on 911s is 0.00146. I assume this also applies to the Targa, but appreciate if you could confirm. Could you also advise what the residual percentages are on a 36 and 48 mos. lease for this car based on 10/12K miles? Need also your input on discounts to MSRP and other incentives to reasonably expect on this model. Thanks for all the help.

    Regards,

    MK-
  • vexedvexed Posts: 10
    Any new information?
    Specifically, are there any current incentives to dealers for a purchase of a C2 or a C2S?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks for the info, bosco42. I had heard that the program was wide open to all current Porsche owners and lessees...but I didn't know that there was no restrictions upon it at all.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey bosco42. I'm pretty sure that the residuals that I have posted previously are correct. If you'd like, let me know what car, term, mileage allowance you're interested in again and I'll make some calls to double check.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Ahhhh, I see that you did just that bosco42. To the best of my knowledge, the 56% residual value that I mentioned is correct. I don't see why dealers would quote you anything different since they don't have the ability to alter banks' published residual values.

    Unfortunately, I am not aware of a resource that provides accurate information on banks' current lease programs to the general public.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi MGHBolt.

    The mileage allowance that you choose will not have any impact upon your car's money factor.

    Porsche's current lease program is scheduled to run through June 1st. It is difficult to say what its June program will be like at this point.

    Porsche Credit's current 36 month, 15,000 mile per year residual value for a 36 month lease of a 2009 911 C2 Coupe with a manual transmission is 55%.

    I am not personally familiar with what sort of selling prices consumers have been able to negotiate on this car lately, but you might be able to get an idea by stopping by the "Porsche 911 Carrera Prices Paid and Buying Experience" discussion.

    I don't believe that you will be able to lock in Porsche's current lease program by putting a deposit down on the car that you want in May. Usually, the program that is available on the delivery date is the one that has to be used to calculate your monthly payment.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey mk2001. Yes, the aforementioned .00146 money factor would apply to all 2009 911s. Porsche's current 36 month, 12,000 mile per year residual value for the 2009 911 Targa C4 S with a manual transmission is 51%. The residual value for an otherwise identical 48 month lease is 45%. If you were to lease with only 10,000 miles per year, this car's residuals would be 1% higher.

    For feedback on this car's pricing, try stopping by the "Porsche 911 Carrera Prices Paid and Buying Experience" discussion.

    Car_man
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  • mk2001mk2001 Posts: 2
    Thanks a lot, Car man. Can you confirm what the residual is for the PDK on a 36mos. and 48 mos. (12K miles)? Just want to confirm difference. Also, any guidance on a realistic discount to expect on this model from MSRP? I realize that Targas aren't moving in the current market but appreciate any insight on realistic expectations in light of the standard invoice/margin on this car.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem mk2001. The residual values for the aforementioned vehicle are 1% lower on models that are equipped with PDK.

    Unfortunately, I am not personally all that familiar with what the market is like for 911s right now.

    Car_man
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  • My local Porsche dealer in Marin County Ca, just north of the Golden Gate Bridge is advertising a brand new 2009 911 C4 manual coupe, msrp of $86,870.00 for a 36 month lease of $980.57 plus tax and $5,500.00 down.

    Seems like a good deal if you are tempted to acquire a 911.

    Unfortunately for Porsche it seems most people, including probably myself, are concluding that their current car they own now is just fine for a while. In my case it is a BMW 745i, so the 911 deal while very tempting to me, may just fall into the "possibly want", definitely "don't need" category.
    Either the price has to get even better (which it very well may) or I have to get more passionate about buying another 911.
  • If that was a 911 C4 S or a 911 C2 S, then it would be a good deal. But not on a standard 911.
  • What are the residuals on a 2009 Turbo cab? 10, 12 and 15,000 miles? Are any additional incentives being offered now?
  • First time Porsche buyer here, Interested in getting a 2009 911 coupe. I found this lease deal on http://www.porsche.com/usa/911leaseoffer/ and its seems to be a pretty good one. Its 825$ ( 900$ tax included ). Will it go down further?
  • I'm looking at a C2 fairly loaded MSRP $90325. I would like some information on leasing. 12K for 3 years. Any change in money factor or residual since the last posting. Do you think that the market now could handle a 10% or higher off MSRP
    I live in Los Angeles area and you guys know the market here. Thanks.
  • Looks like a large cap reduction ~5500 drive off making the lease payment more palatable.
    I just took delivery on a 09 C2. 3500 cap reduction, lease payment 1059 (total) for 36 mo @10k miles a year. MSRP was 88k, sale price 80k. Felt like I got an okay deal... did get exactly what I wanted with options/color. They did a search and found 7 911s close to what I wanted in the southeast.

    09 C2 manual /arctic silver
    black adaptive sport seats (AWESOME option)- heated
    sport chrono, 19" CS wheels
    bluetooth/ipod/bose high end/satellite radio

    Definitely look at how much you are spending over the life of lease (cap+payments)... easy to get excited about 825/mo, but read the fine print.
    Good luck!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi autojack11. Porsche is providing a special lease money factor of .00146 through its captive finance company on all 2009 models right now. Make sure that the dealer uses that money factor to calculate your car's monthly payment. As far as its residual values go, Porsche Financial Services' resid for a 36 month lease of a 2009 911 Turbo Cab with 15,000 miles per year is 47%. PFS' 12,000 mile per year residual value is 2% higher than its 15k resid and its 10,000 mile per year residual is 3% higher than the 15k.

    Porsche has come dealer cash incentives floating around out there, but none that I am aware of that are available on leases.

    Car_man
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