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Porsche 911 Lease Questions

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  • dkumar1dkumar1 Posts: 2
    Hi
    I am leasing 2013 porsche carrera cabriolet
    could you please tell me the residual and money factor
    also is the leasing amount fixed to the original price or the negotiated amount
    thanks
    dk
  • Hi Carman - I have an 09 997 TT Cab. my lease is up in October, but the TT won't be out till at least 2H13. PFS will extend the lease, but is this a good decision? and if I do extend, do I negotiate new terms/pricing or does the lease just continue as-is? thanks for your help
  • fq1fq1 Posts: 47
    The lease extension will typically be at the same terms that you currently have. I think the max the lease can be extended by is 6 months.
  • Hello...I have factory ordered a 2012 Porsche 911S with PDK and Sport Exhaust. They have offered 4.5% off MSRP for the special order. Can you let me know the current MF and residuals on a 36, 39 and 48 month lease assuming 10 or 12k/year? Also...it seems like finding dealers to come off the MSRP on these new porsches is quite difficult (at least in Northern California and for cars that are special ordered). Is that like that everywhere?

    thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi californiami. According to the latest information that I have seen, if you were to lease a 2012 Porsche 911 Coupe S with PDK through Porsche Financial Services right now for 36-months with 12,000 miles per year, its buy rate lease money factor and residual value would be .00200 and 60%, respectively (for consumers who qualify for its top credit tier).

    The numbers for an otherwise identical 39-month lease would be .00200 and 58%.

    The 48-month numbers would be .00200 and 53%.

    If you were to lease with only 10,000 miles per year, this car's residual values would be 1% higher.

    Car_man
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  • Thank you car man!
  • tgcruntgcrun Posts: 2
    Car_Man,

    Do you have a money factor and residual for a 2013 911S Cab? 36 months/10,000 miles per yr. Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome californiami.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tgcrun. Porsche Financial Services' July buy rate lease money factor and residual value for a 36-month lease of a 2013 911 S Cabriolet with 10,000 miles per year are .00200 and 56%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • tgcruntgcrun Posts: 2
    Thank you.
  • fq1fq1 Posts: 47
    Car_Man, could you please post the 24 and 27-month residual and MF for 10,000 miles/year lease for the 2012 991s coupe. Thanks!
  • jetty56jetty56 Posts: 1
    Hi carman,
    how much of a discount (off sticker) should I be able to negotiate for a new (factory order-not inventory) 2013 carrera s cab--pdk, sport chrono, bose audio, 14 way seats, vent seats? dealer in so cal says 1-2k, can I for much more?
  • dkumar1dkumar1 Posts: 2
    Hi carman
    I am leasing 2013 991 carrera cab. What are the mf and res for 10/12 miles 36/48 month
    regards
    DK
  • habitat1habitat1 Posts: 4,282
    I've been quoted 5%-6% off on a factory ordered 2013 911 in the greater Washington DC area. That's about halfway between MSRP and invoice. Similar quotes from dealers in Philadelphia and Pittsburgh.

    Also, if I was you, I'd save the money on the Bose and order adaptive sport seats instead. I had a 2005 911S Cab and the Bose was not worth it, especially with the top down and the sport exhaust on. But the adaptive sport seats (which I didn't have) would be a must for my next purchase. Best seats ever made for a car, period.
  • dinomandinoman Posts: 56
    Are dealers discounting the 2012s more than the 2013s? Anyone know the MF and Residual for 36months 12000mile lease?
  • habitat1habitat1 Posts: 4,282
    I've talked to a few dealers that sound like they would be willing to give a better discount on a 2012 "new 911 Carrera" than a 2013. But you have to find what you want in stock. I have checked almost every dealer website in the US using the "find a dealer" tab on Porsche USA and there are very, very few 911's in my color preferences with the options I want (and not a bunch I don't). Ordering a 2013 to my exact specs at 5% off is going to get me a better deal than getting 8-10% off on a 2012 that has extra unwanted options.
  • dinomandinoman Posts: 56
    Anyone know what the MF and Residual on a 2012 and 2013 911 S Cab? I am considering either 24 or 36 months with 12K miles per year.

    I haven't had any success in getting a 8-10% discount on the 2012.
  • habitat1habitat1 Posts: 4,282
    I'm only considering buying, so can't help you with lease info, and not sure if leasing would change my following two points, but here they are, nonetheless:

    (1) If you can't get at least an 8%+ discount on a 2012 that's exactly what you want, I'd order a 2013 from a dealer wiling to give a 5%+/- discount. You are trading off waiting for 8+/- weeks for delivery for a better financial deal.

    (2) If money is no object, the $14,300 difference between the base and the S model is perhaps justified. But when I bought a 2005 S Cab, the $10,000 difference, in addition to the more powerful engine, bought you PASM, Xenon lights, significant wheel/tire upgrade and a few other goodies. That made the actual difference in the engine upgrade more like $5,500. Today, the $14k+ difference only buys you PASM and a much less significant wheel/tire upgrade, meaning that you are really paying about $12,000 for the engine upgrade. If I was getting a Cab again, which by definition is less of a hard core performance car than the coupe, I would think hard about spending the extra bucks for the S. I wouldn't buy either without sport chrono and with the enhanced throttle response of the sport setting, the base car will certainly feel quick enough at any double digit speed.

    Oddly, the price premium to go from a coupe to a cab only went from $10,500 to $11,600 from when I bought, and now includes a better looking/functioning top.

    It would be interesting to see what these differences translate into relative to lease payments.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome tgcrun.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi fq1. Porsche Financial Services' August buy rate lease money factor and residual value for a 24-month lease of a 2012 991 S Coupe with 10,000 miles per year are .00200 and 57%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jetty56. Southern California is typically a pretty competitive market with attractive prices for new vehicles. Having said that, I am not personally all that familiar with what the market is like for the 911 in your area right now. This car has a spread of at least $8,000 between its MSRP and dealer invoice price, so there's certainly a lot more room than $1,000 to $2,000 off to play with. Whether the dealers will be willing to do so is another story. Have you tried comparison shopping with a couple of dealers?

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dkumar1. Porsche Financial Services' August buy rate lease money factor and residual value for a 36-month lease of a 2013 911 Convertible with 12,000 miles per year are .00200 and 57%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48-month lease are .00200 and 50%.

    If you were to lease with only 10,000 miles per year, this car's residual values would be 1% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dinoman. You definitely should be able to negotiate a larger discount on a 2012 911 than you would be able to get on a 2013 model.

    Porsche Financial Services' August buy rate lease money factor and residual value for a 36-month lease of a 2012 911 Cab S with 12,000 miles per year are .00200 and 55%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2013 model are .00200 and interestingly exactly the same 55%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey dinoman. Please see my previous post for the information that you're looking for.

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  • I just took delivery on a 2012 911S. Factory ordered. I placed the order in March 2012 for a 2012, but found out during the June build that it would be delivered as a 2013. PDK, sport plus, sport exhaust, folding mirrors, bose and factory painted black sport rims.

    The dealer gave me a 4.5% off MSRP and his cost on an installation of a full front clear bra. Not a screaming deal, but better than anyone else in Northern California was willing to give me for a factory ordered 911 and very good customer service.

    I evaluated leasing and was quoted the 48 month residual of 50% and a money factor of .00240 (the dealer was transparent that he was marking up the buy rate)....but I figured the car would be worth at least 50% in four years as a tradein...and I wanted to avoid all the lease fees and hassle, so I decided to just go with a cash purchase.
  • I am wondering if its normal for the dealer to mark up the lease rate. I noticed the program says .00200 and he wanted to charge .003500
  • Hi dcohen2683. Dealers, particularly luxury-brand dealers, try to mark up vehicle's money factors all the time. Having said that, savvy consumers who are in an area that has a decent level of competition are usually able to lease vehicles without any sort of money factor mark-up. I certainly wouldn't let a dealer mark up the money factor on me if I was interested in leasing something. Shoot got the buy rate and see what happens.

    Car_man
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  • Hi Car Man:
    I've noticed that the residuals you've been quoting are now below 60%. In answer to question #445 you replied, "Porsche Financial Services' August buy rate lease money factor and residual value for a 24-month lease of a 2012 991 S Coupe with 10,000 miles per year are .00200 and 57%, respectively for consumers who qualify for its top credit tier. " A few months back I was seeing residuals in the 60% + range for the same lease. Do you know why the residual dropped so much?

    I was considering a 24mos lease of this same vehicle, but at a 57% residual, I'm not sure I want to now.

    Thanks for your help.
  • which dealer did you end up going with in N. Calif? I'm also thinking of doing a factory order.
  • Good question dfc52. Vehicles' residual values almost always gradually decline as the model year progresses. A vehicle's resids will be significantly higher at the beginning of the model year than they will be at the end.

    Car_man
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