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Porsche 911 Lease Questions



  • phil0sophy - Where do you live? What dealer have you been working with?

  • madmanmoomadmanmoo Posts: 2,039
    Totally understand. :P
  • Hi Matt, I live in Boston and have been working with Herb Chambers Burlington (formerly Pass & Weisz).
    All the best,
  • I am looking to finalize a lease on an 09' 911S PDK. The options bring the base sticker up to 103k which includes $950 desination. Last the dealer showed me, the residual was 58 or 59 (I forget).

    I know I can get 5% off sticker....perhaps 7%. I am looking for 36 month/12k mile lease. I live in South Florida/Broward County.

    My question is:
    Must I go through Porsche Leasing or are there better money factor and residual values out there? If so, what is the best way to find those deals and will they allow me to use a different bank for the lease?

    I dont plan on buying the car upon lease expiration. I have a porsche now that ends lease soon and I wonder if I can negotiate OUT the $500 lease resturn fee that is currently built into my existing lease with Porsche Lease.

  • Shawn,

    I am about to take the plunge on an 09 911s PDK optioned at 103k. I already have negitiated 5% off sticker, and am shooting for another 2%. I am looking for a 36month.12k lease. Can you share your experience with the money factor, residuals, etc so that I can be armed to get the best deal?

    John Marcum
  • :D I know that there a plenty of dealerships offering $10k or more (~10%) off on a new 08 911 now. Does anybody know if there is a possibility to get a similar deal on a similar 09 late next summer when the 2010's are coming out? It is quite common to see ~10% off in the latter half of the year most years. My particular question is for special ordered (min. optioned) c4s to be delivered late in the year, if I paced a deposit now. I know the dealers are reluctant to give much of a deal of any specially ordered vehicle. I've seen as much as 13% off on a new s cab recently.

    Next question, does anyone have any info. on the sport bucket seats (like the ones on the GT2) which are an option on the reg 911s now? Are they comfortable for daily driving, worth the money, carbon fiber? Anybody considering these seats? I'm not seeing these at the dealerships.
  • Can I lease a 2009 911 for under $1000?

    Thanks in advance for the replies!
  • Hi:

    Under $1000/mo, probably not but I think you can get close, even with $0 cap reduction. I special ordered a 2007 C2 Cabriolet with a few nice options 2 years ago (Nov 2006, MSRP $92K) and I was able to get a payment around $1250 (before tax, 12K/36mo, lease through US Bank).

    It is much more a buyers market now than it was 2 years ago. If you special order a C2 (not a cab) with no options you should be able to do much better than my payment and get close to the magic $1000/mo number (before tax). Shoot for a 6-8% discount on a custom order. It is possible, you just need to do your homework and call a lot of dealers.

    Good luck.
  • Back in Nov 2006, I leased a 2007 C2 with just S wheels and metallic paint as options for 15k mi/year for 36 months at $1192/month. This is with $2k total drive off. In retrospect I could have got a better deal after talking with other dealers after signing the lease.
  • I have found a dealer that is offering me 10% off a ordered base 911. I am not sure that the rates and residuals will be when the car comes in, but if I was to get the car today the dealer quoted:

    Here are the preliminary numbers for the 2009 Porsche Carrera. The payments were worked up with $5,000.00 total down. The payment is about $991.00 (including tax and tags) for a 39 month lease. This payment is assuming the credit is excellent and $5,000.00 due at signing.

    what do you guys think?
  • Hey guys,

    New to the forums and want to know if I would be getting a good deal. Don't know much about leases and off hand don't know the money factor and residual. However, I have excellent credit. Went to the dealer the other day and they have an 08' Turbo cabriolet with a sticker of $147,000 they said they would take $20,000 off the sticker and a 36 month lease with 15k miles would run around $2100 per month but they thought they could get it to around $2000. This would include taxes and everything. Is this a good deal? Any help would be greatly appreciated.
  • Hi bneiderman. $20,000 is a substantial discount on this car, it's probably right around dealer invoice, but I personally would not be surprised if you could do even better than that. Sales at Porsche dealers has completely fallen off of a cliff. They are desperate for business. Combine this with the fact that the 2009 911 is an all-new, significantly improved car and dealers will be even more desperate to get their leftover models off of their lots. Aim for the moon, shoot for a huge discount and see what happens, you might be surprised.

    As far as leasing goes, it is very important to understand exactly how it works so that you don't get taken advantage of by dealers. You definitely should check out the following informative articles that are available here at prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Porsche's current buy rate lease money factor and residual value for a 36 month lease of a 2008 911 Turbo Cab with 15,000 miles per year are .00290 and 51%. Make sure that the dealer does not charge you a higher money factor than this.

    Prices Paid: Buying & Leasing Experiences Forum
  • Never put any money down on a lease. If the car is wrecked you do not get this money back. I know there is a psychological benefit to having the lower payment but there are no real advantages of putting money down on a lease - just pay the drive off fees.
  • al_93al_93 Posts: 2
    Does anyone know the residuals and money factor at the present time? I would assume that it continues to tilt to the buyers favor (especially in the case of leftover "08's). What kind of deals are you guys getting on 08 Carrera's and CS's?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Al. Porsche introduced some amazing incentives on the 2009 911 in mid-February. This is the first time that I ever remember it offering cash and special lease money factors on this model. It just goes to show how tough times are right now.

    Having said this, Porsche's February lease program was only scheduled to run through March 2nd. It will likely introduce its new March lease program at some point over the next day or two. Please feel free to check back with me and I will gladly provide you with an update.

    Prices Paid: Buying & Leasing Experiences Forum
  • HI Car_man,
    Thank you for the EXCELLENT info. I'm also interested in a new 911 (2009 or left-over 2008). Can you please tell me what Porsche's March lease/buy programs are (complete with money factors and residuals for a 10,000 mile 36 month lease).
    THANK YOU so very much,
    - Max
  • chanderchander Posts: 21
    Any advise between leasing a left over 08 C4S vs a 09 base Carrera , which will make a better choice in the North East?.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, Max. I'm glad that you find it so helpful. Porsche is actually running a special lease program on the 911 right now for the first time ever (at least that I am aware of). Porsche is providing its dealers with a certain number of certificates that enable them to lease 911s through Porsche Finance using a special money factor of .00146. These certificates entitle lessees to dealer cash in addition to this special money factor, anywhere from $1,000 to $3,500.

    The 911's residual values and exact cash allowances vary by trim level. If you let me know exactly what car you are interested in I can tell you what they are.

    Prices Paid: Buying & Leasing Experiences Forum
  • madmanmoomadmanmoo Posts: 2,039
    Porsche is providing its dealers with a certain number of certificates that enable them to lease 911s through Porsche Finance using a special money factor of .00146.

    This is important to note. Porsche is running these on a first come / first serve basis. When the certificates are gone, so are the deals. That means act sooner than later. Each dealer only has a limited amount of certificates as well. There isn't a huge pot that everyone takes from. Each dealer has a set amount and once they are gone, that's it.
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