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Porsche 911 Lease Questions

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Comments

  • atsor3atsor3 Posts: 10
    Thanks, residuals remain the same then. Curious about MF.
  • Hey guys,

    I have seen posted the residuals per below for a '13 911 C2, based on a 24-month lease:

    24 month
    -15k miles 75%
    -10k miles 78%
    -1% drop for PDK (is this accurate?)

    Does anyone know what the residual is for only 5k miles/yr?

    Also, would someone mind explaining to me what exactly the MRM of $106,380 means.

    Thank you.
    Brandon
  • saeyedocsaeyedoc Posts: 6
    MRM is the max MSRP that can be used to calculate residual. Spend more than that and you pay 100% of the additional MSRP over the course of your lease, makes additional options very expensive.
    Sorry, I don't know the 5k/yr residuals. Yes, PDK usually drops the residual 1%.
  • CAR_MAN,
    Thanks for your help with previous car purchases. I saw previous posts for base 911 C2 with PDK referencing 74% residual and 0.002 money factor for 24 month lease with 15000 miles. I just got a quote from Houston dealer with 70% residual and .0032 MF saying .002 is for current PFS customers. Can you post current residuals and MF for this scenario?

    Thanks for your help.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Certainly mdkrp. Porsche Financial Services' March buy rate lease money factor and residual value for a 36-month lease of a 2013 911 S C2 Cabrio with 12,000 miles per year are .00200 and 55% for consumers who qualify for its top credit tier.

    The residual value for a lease with 10,000 miles per year would be 1% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi atsor3. Porsche Financial Services' March buy rate lease money factor and residual value for a 24-month lease of a 2013 911 C2 Coupe with 15,000 miles per year are .00200 and 75% for consumers who qualify for its top credit tier.

    The residual value for a lease with 12,000 miles per year would be 2% higher. The 10k residual value would be 3% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited March 2013
    Hey Brandon. Yes, the residual values that you posted are indeed accurate.

    MRM means the maximum amount of money that Porsche Financial Services allows to be residualized on a lease of this car.

    I'm not sure what PFS ultra low mileage adders are, but an educated guess would be 4% for 7,500 miles per year and 5% for 5,000. A dealer should be able to confirm this.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi audimanhouston. The .00200 money factor is Porsche Financial Services' lowest possible aka buy rate lease money factor for a lease of a 2013 911 by any customer, not just loyal ones. There's a direct mail offer out there that will lower this factor to .00150 for current 911 lessees with deals expiring in the near future.

    It looks like the dealer that you are working with is trying to really jack up your car's money factor to add profit to your deal.

    The 74% residual value that you mentioned is correct.

    Car_man
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  • Hey Car_man, is the residual 74 or 75% for 2 yrs 15,000 miles. Looking at your comment above is different that the reply you gave me. Thanks for your help.

    Hi atsor3. Porsche Financial Services' March buy rate lease money factor and residual value for a 24-month lease of a 2013 911 C2 Coupe with 15,000 miles per year are .00200 and 75% for consumers who qualify for its top credit tier.
  • ghstudioghstudio Posts: 930
    edited March 2013
    Does PFS offer a one pay lease or Multiple Security Deposits? How much is the MF reduced for either option? (911 C2) How do they handle maintenance...can I residualize it like I"m doing on my MB?
  • idrachman45idrachman45 Posts: 2
    edited March 2013
    Hi - dealer told me about a porsche incentive where they offer a cap cost reduction for 3 months x your current lease in addition to any discounts you may get. Also, he mentioned 27 month lease is best plan now. What are the mf and residuals for this versus a 24 month lease, 10k/miles a year?

    Thanks
    -Ian
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Ian. The program that you were told about is the Welcome to Porsche conquest offer. Your interpretation of it is correct.

    Porsche Financial Services' March buy rate lease money factor and residual value for a 24-month lease of a 2013 911 C2S Coupe with 10,000 miles per year are .00200 and 74% for consumers who qualify for its top credit tier.

    Car_man
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  • Thanks car_man. Much appreciated.
    They gave me .0020 and 72pct residual on a 27mth lease.
    Regards,
    Ian
  • atsor3atsor3 Posts: 10
    edited April 2013
    Hi Carman, can you provide MFs and residuals for the above two leases in April?

    Thanks!
  • 20139912013991 Posts: 1
    Hi Carman, I am looking to order a 2013 911 s what is a good amount of a discount to assume that can be obtained off sticker in southern california. Thanks,
  • tsparktspark Posts: 3
    just bought one and did a lot of research. breakdown

    4-8.5% on new vehicles

    some get 8-10 on old stock

    Southern cal seems to be a tough market from what I have heard for negotiating

    I would accept no less than 5% but aim for 7.5-8%

    fyi I received 7.5% on base carrera last month, new in stock
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome Ian. Sound like the lease program they gave you was spot on.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi atsor3. Porsche has temporarily decided to extend its March lease program. Its buy rate lease money factor for top tier customers is still .00200.

    PFS' 24-month, 10,000 mile per year residual value for a 2013 911 C2S Coupe is 74%. I haven't seen the 27-month residual, but I suspect that it's 3% lower than that.

    Car_man
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  • mdkrpmdkrp Posts: 19
    Thanks Car_Man-
    For 24 month lease, 10k miles/yr, my dealer is giving me a Residual of 71%.
    Is that correct? it seems it should be higher.
    Also can you confirm that for April MF is still 0.00200 and do they still have the 3 month lease buyout of current nonPorsche leases for new customers?
    I know it was going on in March but I don't see it listed in Edmunds incentives anymore.

    Thanks again
  • bpole308bpole308 Posts: 1
    Hi Carman and Others,

    Like others I wanted to get clarification on leasing details and there's various rates being through around.

    I'm looking at a 911S in Los Angeles for about $122,000 MSRP. Dealer has reduced pricing to about $116,000 (includes conquest offer). Looking at 24 month lease with 10k or 12k miles.

    1) Should I be getting more off the MSRP ?
    2) Should I expect a MF of 0.002 ?
    3) What is the residual for 10k / 12k ?

    Current dealership is saying with minimal drive off (only 1st month, taxes, registration, bank fee), they can do $1600 inclding taxes. did not give details on the MF, residual though.

    Any thoughts are very much appreciated as I'm thinking of getting this in the next 2-3 weeks.

    Thanks,
    Eric
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