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Porsche 911 Lease Questions

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  • Hi Car Man,
    For 36 month lease of a 2009 911 C2 Coupe with a manual transmission from what I see in your earlier postings:
    15k mi/yr is 55%
    12k mi/yr is 56%
    10k mi/yr is 58%

    Can you tell me what these would be for 48 month lease?
    Thanks!
  • Hi chips. PFS' September buy rate lease money factor and residual value for a 36 month lease of a 2009 911 C2 Coupe with 15,000 miles per year are .00146 and 55%, respectively.

    You definitely do not want to lease this car for 48 months. If I recall correctly, its special lease offer is only available for 36 month leases. If that is indeed the case then if you were to lease for 4 years, this car's money factor would more than double from .00146 to .00310. Ouch.

    Car_man
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  • Hi All

    So this weekend I found my dream 911 C2, discussed the finances worked out the numbers and sat down with the dealer to finish the deal.

    The dealer took down my information ran my credit and told me that I have a 740 score but PFS might not approve my lease because I don't have comparable credit.

    My current car is a 17000$ Toyota and PFS might not agree to lease a 911 to me as its too big of a jump.

    Apparently their automated system turned it down and the dealer might need to discuss it with PFS over the phone ( PFS is not open on a Sunday )

    Has anyone in this forum faced a similar problem with not having comparable credit??

    Thanks!
  • Thanks for the info cardiohex. Will definitely watch out for the fine print.
  • Carman or anyone else,

    Is it still 51% and 56% for 36 and 24 months, 15k?
    Does PFS bump up 3% for 10k miles?
    And .00146 MF?

    Thanks.
  • Hey weakestlink. PFS' special .00146 money factor is good through the end of the month. However, its residual values for 24 and 36 month leases of the 2009 911 C2S Cab with 15,000 miles per year are now 54% and 51%, respectively.

    Yes, you would add 3% to these residual value for leases with only 10,000 miles per year.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Car-man - is the special lease money factor .00146 still offered in Sept? West LA dealer quote on 2009 911 cab w/ minimal options (PDK, heated seats, floor mats) LMF .0024 (if lease paid up front of $42K) or .0031 (w/ monthly payments $1250, $3K driveoff) on 3 year lease 12K miles year..

    Is the lower LMF of .00146 still being offered?

    If dealer lists:
    CashSalePrice $77K , but 3 yr lease based on MSRP $94K, I think the lease calculation is based on MSRP. Dealer said vehicle MSRP for lease is based on MSRP, not the CashSalePrice. Does Porsche negotiate the MSRP and residual used in the lease calc or am I stuck with MSRP and 54% residual?
  • Hi tb,

    From my pretty extensive research, the .00146 is available on all 997 leases in September. And the incentive on all RWD 997s is $10k. The $10k incentive cannot be combined with the subsidized lease program so you should add $10k to the cash sale price ($77k + $10k = $87k).

    BTW, on a $94k MSRP, the markup is 10% so the dealer cost would be approx. $84,600 ($74,600 if buying). I've found several dealers on the East Coast willing to sell for $1000-$1500 over invoice.

    Hope this helps. You may want to get Carman or someone to verify my facts but based on my own searching, I'm pretty confident they're correct.
  • tb310tb310 Posts: 2
    thanks for the insight. With your advice, I'm going to purchase the car and have a better idea how much I can negotiate on the price with the dealer still making a fair profit (but at least saving me thousands of dollars). Without your guidance, I was reluctant to pull the trigger on the purchase as I feared overpaying. You do a great service and I appreciate it dealer and will think of you whenever I drive my 911!
  • What if you take cash discount ($10K) and use 3rd party lease deal? I've always gotten a lease based on cash purchase price in the past. As long as you don't take lease special from Porsche. Is that possible?
  • I've answered my own question. I've talked to a couple of dealer in So Cal, and I can take $8K discount (it is now $8K only on 911, not $10K), and not get special low money factor, but get regular Porsche lease deal. They told me that monthly payment is cheaper that way. Lowest I've got is $1200 plus tax on MSRP $99K 911 Cab for 36 month at 10K miles per year based minimum drive off. I think he is making about $2000 over invoice. Is this a fair deal?
  • Hi tb310. Yes, the .00146 money factor is available through the end of the year.

    The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The only difference would be that the dealer cash that Porsche is currently providing on the 911 is not compatible with its special lease program. Therefore, you will only be able to negotiate in the space between full MSRP and dealer invoice price rather than getting this car for under invoice...which would be probable on a cash purchase.

    Car_man
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  • All, I am new to the Porsche, didn't realize/reaseacrh enough. I shlould have ound this board before leasing my 2009 POrshe.

    I just wanted to get feedback. I paid 5K total clsing costs and my payment is $1857/=. I was offered a $1927 lease for a 2009 PDK Carrera S (not 4S or cabriolet).
    So when I got a 2009 4S cabrioloet with PDK (yr 2009), I though 1857 with 5K down is a good deal. It is too late now, but am just checking for future, if this is too much price, average or did I get a good deal?
    Thanks.
  • BTW its for 15K miles per year for 36 months.
    Looking forward to some experienced folks input.
  • dwpcdwpc Posts: 159
    It looks like the flat depreciation on late model used 911s should make for a great lease deal. The Porsche website doesn't say anything about pre-owned car leases except that they offer them on cars up to 5 yrs old. I haven't leased a car in about ten years and need a refresher on evaluating a deal. I've never leased a used car. I hope some one can refer me to an informative website and maybe provide the Porsche MF for a used 911. Is it a good idea to negotiate a lease via e-mail?

    The dealer seems resistant to discussing a used car lease and I'd like to go back fully prepared. BTW, the car is a Porsche-certified '05 911 Carrera (997?) with 50K miles . I still need to research maintenance costs that I might be exposed to.
  • Hi Carman,
    Requesting your input..
    I am new to the Porsche leasing/buying process, didn't realize/reaseacrh enough. I should have found this board before leasing my 2009 Porshe.

    I just wanted to get feedback. I paid 5K total closing costs and my monthly lease payment is $1857/=. I was offered a $1927 lease for a 2009 PDK Carrera S (not 4S or cabriolet) by another dealer in Miami. I bought this car from mid west.

    Its a loaded Carrera 4S Cabriolet with Sports chrono, nav, bluetooth etc, with MSRP of $124K.
    So when I saw a 2009 4S cabrioloet with PDK (yr 2009), I thought $1857 with 5K (includes first payment) down is a good deal. It is too late now, but am just checking for future, if this is too much price, average or did I get a good deal?
    Thanks.
  • dwpcdwpc Posts: 159
    Hi. More on my hope to lease a pre-owned 07 Cayman S
    Porsche dealer's quote for a 36 mo. lease of a pre-owned '07 Cayman S:
    Price $41.5K
    Cash Down $7.5K
    MF .00350
    48% residual (on price)
    "bank fee" of $895
    Pmt: $670+ tax

    Not good. 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?
  • Carman and/or others:

    I am looking at a lease offer for 2009 demo 911 Carrera coupe with PDK for $7,500.00 drive away and $800.00 a month before tax or roughly $36k all in for the 3 year lease. 36 months 10k miles/month

    The car has less than 2,000 miles and has never been titled as it is a dealer demo car therefore qualifies as new for lease purposes. Original MSRP around 86k

    Sounds pretty good to me, thoughts from anyone asap? thanks

    (I also saw a 2009 911 arctic blue cab over the summer for roughly $43k all in for a 36 month lease but my wife hated the color and nixed the deal. There dont seem to be those types of deals around for the 2009 cabs at least what I have seen here in California, both north and south.)
  • gre09gre09 Posts: 9
    Car man:

    What are the residuals on remaining '09 911s?
    Ex.: 36month/10k miles/year?

    Is the Money Factor still .00146?

    Thanks
  • Hi smirza2000. The easiest way for me to evaluate this deal would be to look at the selling price that your lease was based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Let me know how much you paid for your 911 and I'll tell you what I think.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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