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Porsche 911 Lease Questions

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  • sprtansprtan Posts: 6
    I am in the market to lease/purchase a new or CPO 911 or Panamera and was wondering if anyone had any insight around when the best time of the year to buy with Porsche was?

    Bought my current Cayenne S (which I ordered) during the May timeframe before and don't recall there being any unique buyer's incentives at that time.

    My experience with other manufacturers (eg. Mercedes, BMW, Lexus) has been that there are distinct time periods where the Manufacturer to Dealer/Buyer incentives (eg. rebates, subsidized financing, etc.) are materially better, particularly around time of new model year launches (such as July/August). Particularly with the intent to clear out prior year inventory.

    I can't seem to remember whether Porsche fell into this category. If so, does anyone have any insight as to when?

    If not, I will likely pull the trigger in the next couple of weeks. Thanks in advance.
  • fq1fq1 Posts: 47
    Car_man, could you please provide the July 24-month and 36-month resdual and MF for the 2011 GTS, C2S and C4S. Also, are you aware of any factory incentives on these vehicles? Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, fq1.

    Porsche Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 911 GTS Coupe with 15,000 miles per year are .00220 and 54%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of an '11 911 C2S Coupe are .00220 and 56%.

    The numbers for the '11 911 C4S Coupe are .00220 and 54%.

    The money factors for 24 month leases of these cars would be the same, but their residual values would be 65%, 66%, and 65%.

    If you're willing to do a shorter lease, you may want to consider going with an 18 month term. Porsche is providing a special .00160 money factor for that length lease right now.

    Porsche really isn't providing much in the way of cash incentives on the 911 right now.

    Car_man
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  • fq1fq1 Posts: 47
    Thank you very much, Car_Man, as always your input is greatly appreciated. One more question: would you happen to have the residuals for the 18-month term as well? Thanks!
  • tguerinotguerino Posts: 22
    Car_Man,

    Can you please provide the July 36 month residual and money factor for a 2012 Panamera S at 15k miles per year? I am hoping to lease one early this week and would greatly appreciate the information!

    Thank you so much!
  • akitabooakitaboo Posts: 1
    Hi Car Man

    Any news of an upcoming Porsche to Dealer incentive? I'm in the market for a new Porsche and there seems to be a lot of 2011 c2 and c2s cars still on the lots. I bought my current car in 2009 when they put some nice incentives on several cars.

    Akitaboo
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tguerino. Porsche Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2012 Panamera S with 15,000 miles per year are .00146 and 50%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Good question akitaboo. I haven't heard about any sort of significant dealer cash on 2011 911 models yet, but then again Porsche is fairly secretive about such matters. Some times they just give their local dealer reps a certain amount of money and have them go around to dealers dolling it out. I'll ask around and see if there's anything out there.

    Car_man
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  • Hi Car man

    Do you have residual value, money factor, etc.. info on 2012 models? I'm interested in C2, C2s, and C4. If you don't have the info when is it going to be released?

    thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi 1_porsche_fan. Yes I have seen the numbers for the 2012 models. Porsche Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 911 C2 Coupe with 15,000 miles per year are .00220 and 58%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '12 911 C2S Coupe are .00220 and 56%.

    The numbers for an otherwise identical lease of a '12 911 C4 Coupe are .00220 and 56%.

    Car_man
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  • Car_Man - any thoughts on this deal for a 2012 Panamera? This is from the dealer today.

    The best money factor is on the 36 month lease at .00207.

    12,000 miles per year

    Residual of 56%

    Drive off fees of $2,059

    MSRP of $86,135 - $3,135 discount = a selling price of $1,264 + tax = $1,362 including tax
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi goldfader1. The money factor that you were quoted is a little high. Porsche Financial Services' current buy rate lease money factor for a 36 month lease of a 2012 Panamera is .00167 for consumers who qualify for its top credit tier.

    The residual value that you were quoted is right on the money.

    As far as the selling price goes, Porsches are one of the few brands left that still have a substantial difference between vehicles' MSRPs and dealer invoice prices. A discount of a little over three thousand is likely at best midway between MSRP and invoice. That may be the best that you can do on this car right now, particularly since it is a 2012 model (I am not intimately familiar with what the market is like for it), but there's enough room there that it wouldn't hurt to shop around if you have the time and are so inclined.

    Car_man
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  • fq1fq1 Posts: 47
    Car_man: Thanks for all your help on all the forums. Would you happen to have the current 24 and 36 month MF for the 911GTS?
  • dfc52dfc52 Posts: 4
    Hi Car Man:
    New member here; great forum! do you have the August MF & residual % for remaining 2011 C4S's? Also, since it's the end of the year, are there any incentives out there? I'm in CA.
    Thanks much.
    dfc
  • dfc52dfc52 Posts: 4
    Sorry, I forgot to mention that I'm interested in a 24mos lease with no more than 10K miles/year.

    Thx,
    dfc
  • nkcnkc Posts: 5
    edited August 2011
    Hi Car-man,

    I am looking at two Porsche 911 C2 models at different delears and am hoping you can give me some guidance on lease rates for both.

    Car#1 is 2011 Porsche 911 Carrera with MSRP of $87220

    Car#2 is a 2012 Porsche 911 Carrera with MSRP of $87155

    - do you know what the current lease rates would be for each of these cars? I would be look for a lease with 10k miles or LESS. Probably 36 mo unless there are attractive deals for shorter leases.

    The cars are very similarly equipped so I am trying to assess whether the lease or purchase deal on the 2011 model would be different enough to justify buying what is almost a 1-year old car at this point.

    thanks for your help.

    Naveen
  • You're very welcome fq1. Porsche Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2011 911 GTS without PDK with 15,000 miles per year are .00220 and 65%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36 month lease are .00220 and 54%.

    Car_man
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  • Welcome dfc52. Lease programs vary by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.

    Porsche Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 911 C4S Coupe with 15,000 miles per year are .00220 and 54%, respectively for consumers who qualify for its top credit tier.

    I am not aware of any cash incentives that are available on this car right now. Have you heard anything different?

    Car_man
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  • Ah ha. I should have scrolled forward to see your next post. The numbers for a 24 month, 10,000 mile per year lease of this car are .00220 and 68%.

    Car_man
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  • Hi Naveen. PFS' current buy rate lease money factor for both of these cars is .00220 for consumers who qualify for its top credit tier.

    PFS' 10,000 mile per year residual values for these cars are 57% for the 2011 911 Coupe C4S and interestingly 57% as well.

    Car_man
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