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Porsche Cayman Lease Questions

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  • You rock Car_man thanks for the great info. Can you provide the latest residual and Money Factor for 12k miles/yr, 2011 Cayman and 2011 Cayman S.

    Thanks,
    AgentBB007 :)
  • Thanks agentbb007. Here's the information that you're looking for.

    Porsche Financial Services' February buy rate lease money factor and residual value for a 36 month lease of a 2011 Cayman S with 12,000 miles per year are .00118 and 54%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • easy87easy87 Posts: 11
    Car Man,

    Could you please let me know what the latest lease details (money factor and residual) are for a 36 month 7,500mi/yr lease on a 2011 Cayman S and non-S.

    Is it still same as December and January .00118 MF and 56% residual for an S and 57% residual for a non-S at 36mo and 7,500mi?

    Also, one more question... if I order a new Cayman exclusive build today on a March build slot and it arrives in April but the these lease term details have changed for the worse by the time it arrives will they still honor the lease terms that were in place and quoted at the time of my order? In other words, will I still get these Feb lease terms if my ordered Cayman does not arrive til April? I would be ordering it now based on knowing exactly what my lease payment will be based on these current lease terms.

    Thanks for all your help and info for everyone on this forum. I appreciate it.

    -AE
  • I'd be happy to help you out, easy87.

    Porsche Financial Services' February buy rate lease money factor and residual value for a 36 month lease of a 2011 Cayman S with 7,500 miles per year are .00118 and 56%, respectively.

    The numbers for an otherwise identical lease of a non-S are .00118 and 57%.

    I don't know Porsche's specific policy on this matter, but many manufacturers allow consumers to lock-in the lease program that is available at the time they placed their order. Ask the dealer that you are working with if you can do this on your Cayman.

    Car_man
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  • Hi I'm interested in leasing a 2011 cayman s which has a 76k msrp. I looked up the invoice price on Edmonds (68k ish), however I was wondering if anyone could tell what I could expect the dealer to offer and how much off msrp I can reasonably expect to get. I went to one dealer which doesn't have the car I want and he seemed to suggest there wasn't alot of wiggle room for the 2011s. I notice too that there aren't very many cayman s at dealers in my area right now. So I'm just wondering what I should expect from the dealer and what I could consider as a "good deal".
  • I checked TrueCar and they don't have data on any 2011 Cayman S but the 2010 had a $62k MSRP, $56k invoice, and the average paid was $55k, a grand less than invoice!! I suggest printing out and bringing in a TrueCar report with you to negotiate. Always remember your negotiation should start at INVOICE up, not MSRP down.
    In this economy they should be giving you this car very close to invoice.

    Don't worry about there not being many cayman s's on the lot. I don't know if your in a colder climate but in Utah it's normal for our Porsche dealers not to keep hardly anything except for Cayenne's on the lot in winter. Also it's my experience that most Porsche customers demand custom built, not some lot car that has sat around getting spider web marks.

    BB
  • dwynnedwynne Posts: 4,018
    I know a couple of dealers that will do $2k over invoice. When I got my 10 S they had a $2k dealer incentive, so my car was leased to me at invoice. They later increased the incentive to $4k (I was told) but I think stopped the discounted lease deals at that time.

    Where are you located? Maybe someone here can hook you up with a better dealer? Porsche dealers trade cars and build slots just like all other car dealers, so you can buy the car from a different dealer if you want / need to (you will pay a haul charge to have the car moved, however).
  • shades1shades1 Posts: 2
    Hi Car Man,
    Can you let me know what the April lease rates are for 2011 Cayman S.
    I am looking at 12 or 15K miles per year for either 24 or 36 mos. Also since the 2012 are out, is their any incentives for the 2011's.

    Thanks
  • easy87easy87 Posts: 11
    Car Man,
    Could you also give the new PFS lease details for both S and non-S (both 2012 and 2011 if they are both available and different lease #s) for 7K mi/yr and 10K mi/yr 36 month lease.
    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi shades1. Porsche Financial Services' April buy rate lease money factor and residual value for a 24 month lease of a 2011 Cayman S with a manual transmission and 15,000 miles per year are .00118 and 63%, respectively.

    The numbers for an otherwise identical 36 month lease are .00118 and 52%.

    If you were to lease with only 12,000 miles per year, this car's residual would be 2% higher.

    PFS is actually running a special on 12 to 18 month leases in April. Its money factor for 18 month leases is .00030. This significantly lower factor yields a similar payment to longer leases.

    Porsche isn't providing any cash incentives that I am aware of on this car right now.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi easy87. PFS' April buy rate lease money factor and residual value for a 36 month lease of a base 2011 Cayman with 10,000 miles per year are .00118 and 56%, respectively.

    The numbers for the other models that you mentioned are as follows:

    2011 Cayman S MT: .00118 and 52%.

    2012 Base Cayman: .00118 and 56%.

    2012 Cayman S: .00118 and 55%.

    I'm not positive, but I suspect that the residual values for leases with only 7,000 miles per year are 1% higher.

    Car_man
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  • a46spia46spi Posts: 1
    Hi Car Man,

    Would you happen to have the residual and MF for a,

    2011 Base Cayman Automatic (PDK),

    18 - 30 months with 10k miles per year?

    Would you happen to know the bank acquisition fee of Porsche FS as well?

    Thanks in advance!
  • saeyedocsaeyedoc Posts: 6
    Can you tell me what the current MRM is for a 2012 Cayman S with PDK?
    Thanks
  • majcnemajcne Posts: 1
    My 2008 Cayman lease expires in October of this year. What will my buyout be if I decide to purchase the vehicle?
  • dwynnedwynne Posts: 4,018
    This is spelled out in your lease contract. the buyout price is shown (the residual) and if this is a PFS lease there will be both a lease turn in fee and a lease buyout fee (you pay either way). So your buyout price would be the residual + fee + sales tax on these two (most states) plus some tags and title fees (most places).
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go a46spi.

    Porsche Financial Services' April buy rate lease money factor and residual value for a 36 month lease of a base 2011 Cayman with 10,000 miles per year are definitely .00118 and I believe but am not positive 61%, respectively.

    The money factor for an 18 month lease is much better at .00030.

    I believe that PFS' base acquisition fee is $895.

    Car_man
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  • saeyedocsaeyedoc Posts: 6
    Anyone have them? Looking for rates for 2012 Cayman S with PDK, 12k/yr, 36 months.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I do saeyedoc. According to the latest information that I have seen, Porsche Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2012 Cayman S with PDK and 12,000 miles per year are 00118 and 53%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • mangoolermangooler Posts: 3
    I'm Looking for:

    2012 Cayman (not S) PDK for 36 months + 15,000 miles.

    What is the money factor and the residual?
  • keflexkeflex Posts: 1
    Hi Car_man,

    I'm looking at a 3 yr lease on a base 2011 Cayman PDK. One of the local dealers in Atlanta is quoting a rate .00158 till the end of the month. First, is that good to begin with? Any idea when July numbers will be available?

    thx
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mangooler. Porsche Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2012 Cayman PDK with 15,000 miles per year are .00118 and 52%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi keflex. PFS' July buy rate lease money factor and residual value for a 36 month lease of a 2011 Cayman PDK with 15,000 miles per year are .00118 and 52%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • dwynnedwynne Posts: 4,018
    I wouild try to find a dealer that does not mark up the lease rates. Bonus if they do not charge a doc / prep fee. My dealer charges neither so you start out way ahead when looking for a deal...
  • easy87easy87 Posts: 11
    My 2008 Cayman lease is ending and I am interested in leasing a new 2012 Cayman S. What are the latest/current lease residual and money factor for a Cayman S for 36 months at 7,500 miles/yr?

    Is the 36 month lease the "sweet spot" on the best lease rates/deal for a Cayman S lease?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello easy87. Porsche Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2012 Cayman S with 7,500 miles per year are .00118 and 56%, respectively for consumers who qualify for its top credit tier.

    Cayman's most attractive lease money factor on the 2012 Cayman is actually for 18 month leases, .00030. The 36 month term is still decent though.

    Car_man
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  • easy87easy87 Posts: 11
    edited August 2011
    I appreciate the info. I am in a bit of a delimma....

    I finally found a dealer that has the changable custom build slot I need and they are willing to play ball with the 3-5% over invoice deal I want (rather than the 10-11% that sticker represents over invoice) and I have my 2012 Cayman S all configured (74K MSRP as configured including all 'Porsche exclusive' options I have opted for) and I'm 100% ready to order but my concern is that I have no idea what may happen with these lease numbers between now and my November or December delivery.

    Is this a common problem where if you want a custom build for a lease you just have to "take a leap of faith" that the lease deal wont change drastically for the worse between your order deposit commitment and your delivery date? I am told that there is no way to lock in the lease rates that are in place with PFS at the time of the order even though I am making the deposit commitment to the car. Thoughts? Advice?

    Also, interesting to hear that the "sweet spot" best deal on the Cayman S lease is now the 18 month at a money factor of .00030. I would not mind owning the car 3 years but the 18 month may be a better way to go with that in mind.

    What is the risidual on that 18 month at 7,500 miles per/yr?

    Also factored into this thought process and decision is the unknown and rumor on a Cayman redesign for 2013 or 2014 model year. Any insight or speculation that you may have on that?

    I really appreciate as much detailed response and insight, thoughts, opinions as you are willing to share with me on my thought process here. Thanks.
  • easy87easy87 Posts: 11
    edited August 2011
    When you get a chance, please reply to my post above. Thanks! I greatly appreciate it.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome easy87. Some manufacturers, like BMW, will let consumers lock-in the lease program that is available on the vehicle that they want at the time they place their order and then take advantage of whichever is better, that program or the current one, when they take delivery. I'm not sure if Porsche offers such a program, but it wouldn't hurt to ask your dealer and see what they say because PFS' current lease program is only scheduled to run through September 30th and it's difficult to say what it will be like later in the year.

    I'm not sure what the 18 month, 7,500 mile residual value is for this car, but I'll see if I can find out for you.

    Car_man
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  • easy87easy87 Posts: 11
    edited August 2011
    Any luck finding out the residual and money factor combo details for both 18 month and 24 month leases on a 2012 Cayman S (manual) with 7,500 miles/yr? Thanks.

    Also, do you know if there is a mileage allowance option below 7,500? Didnt there use to be a 5,000 mi/yr option that gave you a 1 percent bump up on residual from the 7,500 mi/yr option?
  • Hi Carman:

    I am looking at leasing this vehicle.

    Can you provide the following --

    18 month lease (still the best?) - residual and MF
    24 month lease - same
    36 month lease - same

    Also do you know if there is any dealer cash on this car? Thank you so much!!!!!!!
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