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Porsche 911 Lease Questions

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  • Hi dwpc. The problem with leasing pre-owned vehicles is that manufacturers usually provide more support on new vehicle leases than on used. As a result, the difference in cost between leasing a CPO vehicle and a similar brand new one is often not nearly as large as one would think it should be.

    If I was interested in leasing a Cayman right now, I personally would go with a 2009 model and take advantage of the lease support that is available on it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • gre09gre09 Posts: 9
    To Car Man:

    What are the current lease offers on remaining '09 911 inventory?

    Is the residual 55% or 58% on a 36month/10,000 miles/year lease?

    Is there a current ***promotional???***money factor?

    Thanks
  • Hi blackberryxyz. I always find that the easiest way to evaluate a lease is to look at the selling price that the vehicle that one is interested in is based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how large a dealer discount you are being given.

    Let us know what this 911's selling price is and I'm sure that either myself or another knowledgeable community member will gladly tell you what they think.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hey gre09. Yes, Porsche's special buy rate lease money factor is indeed still .00146 on 2009 models.

    Porsche Financial Services' residual values for the 911 vary by trim level. For instance, its 36-month, 10,000 mile per year resid for an '09 911 Coupe is 56% and the resid for the '09 911 Cab is 54%. I would be happy to give you an idea of what the current residual value is like for the exact model that you are interested in if you describe it to me.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hey gre09. Please see my previous post for my response to your questions. Thanks.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • gre09gre09 Posts: 9
    The specifics on the '09 911 that I'm looking at is a base Carrera w/ PDK options are:
    -PDK
    -Bose sound pkg.
    -heated/seats/steering wheel
    -pwr seats
    -xm radio
    MSRP: $85K

    On a 36month/10kmiles per year lease what would the residual be? Dealers are all over the place some say 55% others 53%. Please, let me know.

    Thanks
  • anouanou Posts: 15
    Does Porsche do dealer "hold back"? What's the best way to figure out dealer cost? Thanks.
  • madmanmoomadmanmoo Posts: 2,039
    Kia store is down the road sir. Please address any further inquiries to them.
  • Gee... wonder how come Porsche owners have that reputation.... you know the one? :surprise:

    Moderator - Prices Paid, Lease Questions, SUVs

  • anouanou Posts: 15
    It's okay. Some people prefer to give their money away to car dealers. Personally, I prefer to give my money to Second Harvest or United Way.

    This is the first time I am buying a Porsche, so I honestly do not know how to evaluate a good deal. Is invoice + $300 a good deal or should I hold out for invoice? Hence the deal hold back question.

    Many thanks.
  • madmanmoomadmanmoo Posts: 2,039
    I think you can save the righteous indignation.

    There is a reason why holdback is not listed anywhere. It isn't for you. Expect to pay profit on a vehicle unless you find a leftover model from the recession.
  • Talk about righteous indignation...keep your panties on madman...he simply asked a question.
    Is it fair to assume that you are a salesman or dealer since you got so bent out of shape with the taboo question about dealer holdback.

    All manufacturers have dealer holdbacks but that is something they dont want the general public to know about. It is not something that is discussed or negotiable. Therefore, even if you buy the car at dealer cost and he gives you a sob story about how he's losing money, the dealer is still making money on the car. However, it is only fair that they make a fair profit or else they couldnt afford to stay in business. What you think is fair is subjective.
  • madmanmoomadmanmoo Posts: 2,039
    My panties are firmly in place. :) And yes, I'm a salesman.

    If you like discussing holdback, then Porsche is not for you. You are missing the point of buying a Porsche. It's not about the deal, it's about the car.
  • kdd1kdd1 Posts: 2
    This info can be found on www.truecar.com.It is about 1.5% of invoice.
  • Actually... this discussion is all about price.. ergo, the category..

    Funny... my local Porsche dealer advertises price in all of their ads... :P

    Moderator - Prices Paid, Lease Questions, SUVs

  • gre09gre09 Posts: 9
    CarMan:

    Is Porsche offering any new :Lease deals for the month of December?

    Thanks in advance for the reply.
  • anouanou Posts: 15
    Thanks for the information.

    According to the site, truecar.com, the hold back is about $1k. This explains the deals I have been offered (almost invoice - marketing support).

    I am now ready to go get the best deal I can this weekend.
  • anouanou Posts: 15
    Thanks everyone for your help. I was able to purchase a 2009 911 coupe near invoice minus marketing support. The MSRP on the car is $85,620 and I paid $69k (before tax & license). According to Edmunds.com, the invoice on the car is $77,151. But with $8k of marketing support, I was able to finish the deal.

    The cool thing is that according to porsche.com, there are only three new cars that would fit my criteria (PDK + memory seat) on the West coast. After spending the whole day on the phone, I was able to purchase one of them.

    First Porsche for me. I am very happy.
  • 29282928 Posts: 1
    congratulations! sounds like you got a great dea. how did you figure out the total $8k of marketing support?
  • anouanou Posts: 15
    I talked to five car dealers this morning, but 9 dealers overall the whole week. Some of them would not talk about it; some of them pretended not to know about it; but some of them simply came out straight and discussed it.

    Edmunds.com previously posted the marketing support was $7k (since expired on Nov 30th). But from an earlier post, someone talked about $10k marketing support became $8k.

    So both the posts in this forum plus the anecdotal evidence suggested there is still marketing support there (as well as a combination of special lease rate and a smaller dealer cash).

    Hope this helps.

    BTW, in all my dealings, the Porsche dealer @ Livermore was the most straight forward. The price they gave me on day one was almost just as good as the deal I got. If they still have the car, I would have bought it from them. So if someone is interested in a 2008 C4 coupe in black color with many toys, they have a great deal for you.
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