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Porsche Boxster Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on your new Boxster, heusler. This particular discussion is for community members to discuss leasing one. You will probably have better luck getting information on the break-in period for your car in the following discussion: "Boxster and Boxster S". Also, don't forget to stop by the new Edmunds.com Dealer Ratings & Reviews section to share your thoughts on your dealer experience.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Michael. As you suspected, Porsche Credit's current buy rate lease money factor for a lease of all of its models is currently .00310 for consumers who qualify for its top credit tier. Your lease payment for this car will vary quite a bit depending upon how long you lease it for and what mileage allowance you need. If you provide me with both of these variables, I should be able to give you an idea of what sort of monthly payment to expect.

    Car_man
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  • wmsc998wmsc998 Posts: 4
    Thank you Car_man,

    Lease term would be 36 months and miles would be 15,000. What is the residual percentage? 60%?

    Congratulations redsoxgirl you are a much better neotiator than I...
  • I will be completing a lease contract on a 2004 Boxster at the end of this year and am interested in a 2008 model. Assuming a 48 month lease period, standard mileage allowance, no additional options, and top credit tier, what monthly payment range would be considered optimal for me as a repeat customer?

    Thanks,
    The Doc
  • Hi

    I have leased based on advice on these forums and have been very pleased - thanks! Car man - can you help with current residual and money factor numbers?

    I have no experience with negotiating on a Porsche - can expect to get about $1k above invoice? I plan to lease for 24 or 36 months based on best rate and need just 10k miles per year.

    Any help/advice would be much appreciated.

    Thanks
  • No problem, wmsc998. Porsche Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Porsche Boxster without Tiptronic and with 15,000 miles per year are .00310 and 55%, respectively.

    Car_man
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  • What's up Doc? Unfortunately, the fact that you are a loyal Porsche customer will not have much impact upon your ability to get a good deal on the new Boxster that you are interested in. Porsche is not currently running any special loyalty promotions that I am aware of. You may be able to negotiate a slightly better selling price than someone off the street would be able to get if you have a good relationship with a specific dealer, but they aren't going to sell you a car for much less than they could sell it to anyone else.

    I would be happy to estimate what sort of monthly payment you should expect to pay for the car that you are interested in. However, since there is so much variability in Porsche's pricing because of the long list of options that it offers, it would be easier for me to give you an accurate payment estimate if you were able to provide me with at least this car's full MSRP and ideally its approximate selling price as well first. Let me know what these numbers are and I will use Porsche Credit's current lease program to estimate what your monthly payment should be.

    Car_man
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  • You're very welcome, thewyz. Here's the information that you're looking for. Porsche Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Porsche Boxster without Tiptronic and with 10,000 miles per year are .00310 and 65%, respectively. The numbers for an otherwise identical 36 month lease are .00310 and 58%.

    Car_man
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  • Due to a wrinkle in NY law, in 2005 Porsche was not writing leases, so I purchased it with a balloon so the effect is essentially the same. The term started at the end of January, 2005. The payoff amount now is $28,566 and at the end of the term it will be $25,083. I had a mileage allowance of 45K and the odometer is about there right now. I don't know what the excess mileage charge will be, so I can't figure out if I should trade it in now (per blue book the trade in value is $26,875) and pay the difference between $28,566 and $26,875, or wait until the end of the term and pay the extra mileage fee. Any information would be appreciated.
  • I'm looking to lease an 08 Porsche Boxter. The MSRP is $52,790 w/ destination charge. The sales person drew up a 36 Month / 12,000 Miles a year Lease $769 a month. He supposedly said he already included a discount when I asked him for one. Any help would be great.
  • That looks like a pretty good deal compared to what our local dealer is offering. Where are you located? Maybe it's worth a trip for me to lease from your dealer.
  • Hi defiancekofb. Off of the top of my head, the payment that you were quoted looks reasonable, but I can give you a much more detailed analysis of this deal if you provide me with the selling price that you are being charged for the Boxster that you want to lease. This number will show me exactly how much of a discount you are being given plus it will enable me to use Porsche Credit's actual lease program to estimate what your monthly payment should be. Let me know and I'll tell you what I think.

    Car_man
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  • I'm looking to possibly lease a 2007 Boxster. The car's details are:

    BASE - Porsche Base Model --- 45,600.00
    7G - Dark Olive Metallic --- 3,070.00
    V9 - Black Top --- 0.00
    JU - Palm Green Standard Leather --- 0.00
    249 - Tiptronic S --- 3,210.00
    407 - 19" Sport Design Wheel --- 3,175.00
    342 - Heated Front Seats --- 480.00
    P74 - Bi-Xenon Headlamp Package --- 1,090.00

    Total with Options $56,625.00
    Destination Charge $860.00

    Total Order $57,485.00

    The dealer's asking price is $51,369. I haven't talked lease numbers with them yet. I'm looking at a 3 year lease at 15,000 miles per year.

    I appreciate any help you can give me.

    Thanks.
  • Hi guttersn1pe. The best way to get a good deal on the Boxster that you are interested in is to negotiate as low a selling price as possible on it and then have the dealer calculate your monthly payment using its buy rate lease money factor. You can look up this car's dealer invoice price in the New Vehicle Pricing section of Edmunds.com. Once you know what the invoice price is, set a target price that is $X above it. I am not intimately familiar with what the market is like for the Boxster in your area so I can't specifically say what price to shoot for.

    Once you have a price that you are comfortable with have the dealer use Porsche Credit's base lease program to calculate your monthly payment. Through the end of the year, its buy rate lease money factor and residual value for a 36 month lease of a 2008 Boxster S with Tiptronic and 15,000 miles per year are .00310 and 58%, respectively. If you provide me with an approximate selling price for this car, I would be happy to use this lease program to estimate what its monthly payment should be for you.

    Car_man
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  • las3las3 Posts: 3
    What is money factor and residual for 2008 Boxster (non "S" version) for a 36 month lease with either 12,000 or 15,000 miles? thanks
  • las3las3 Posts: 3
    I am new to the forum and may have posted this incorrectly as a reply to a previous post, so here are my questions again.

    What is money factor and residual for 2008 Boxster (non "S" version) for a 36 month lease with either 12,000 or 15,000 miles? thanks
  • Welcome las3. Porsche Credit's current buy rate lease money factor and residual value for a 36 month lease of a non-S 2008 Boxster without Tiptronic with 15,000 miles per year are .00290 and 61%, respectively. The residual value for a lease with only 12,000 miles per year would be 2% higher.

    Car_man
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  • bleonbleon Posts: 1
    Car_Man,
    Can you provide the current buy rate money factor and residual for a 2008 Boxster S (manual) with 10,000 miles per year for a 36 month lease? thanks.
  • cancuncancun Posts: 1
    I have a friend who is leasing a 2005 Boxster that will be coming off lease soon. How can I purchase the car from the dealer at this time ?
    Does he have to purchase it and I purchase it from him ? This will cause double sales tax.
    What about any warranties will they be extended ?
    Will I be able to purchase any extended warranties, if so from who?
    Thanks for any input at all

    Dave
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, bleon. Porsche Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Porsche Boxster S with a manual transmission and 10,000 miles per year are .00250 and 62%, respectively.

    Car_man
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  • kylelukenkyleluken Posts: 6
    Hello I am about to lease a boxster 2008 with the new promotional lease program. They are offering a 36 month lease for non s boxster with 10,000 miles/year with a money factor equivalent to 3.1% and a residual of 62%. The MSRP on boxster I am looking to lease is $54080.00. Without asking a question, the salesman dropped the price to $51,000.00. I wanted to know if you think this is a good deal to proceed with or should I try to haggle down another 1000 or so??? How about money factor and residual?

    Thanks

    It seems like you are an expert, so hopefully you will get this before tomorrow!

    Thanks
    Kyle
  • kylelukenkyleluken Posts: 6
    Hello in above posting I said that interest rate was 3.1% but based on my calculations, it appears that the money factor is .0031. So if that is the case, is this a good deal for the promotional lease program? It seems high as it is 7.41%. The dealer told me that the special lease program had to do with a higher residual value than normal (62% in this case).

    One final question, can you please confirm money factor and residual for 2008 boxster s currently. Is it the same as non s boxster?

    Thanks very much
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kyleluken. To the best of my knowledge, Porsche is not currently providing support on the Boxster. As a result, if you were to lease one through Porsche Credit, you would have to use its standard lease program. Porsche Credit's current standard buy rate lease money factor is .00250. This is equivalent to an interest rate of around 6%. Make sure that the dealer that you get your car from uses this factor and not the .00310 factor that you mentioned.

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  • toosatoosa Posts: 1
    Hi I am looking to lease a Cayenne and am open to either a 2008 or 2009. Do you have recommendations as to which is best way to go? What should I keep in my mind when negotiating? What is the lease factor on a Cayenne?
    Thanks
  • Hi toosa. Interestingly, Porsche Credit's lease programs for both the 2008 and 2009 Cayennes appear to be exactly the same...even their residual values. If this is indeed the case, then the '08 model will likely be the better one to lease right now as dealers are probably more willing to deal on them to unload their leftover inventory. The lower your truck's selling price is, the lower its monthly payment will be.

    Porsche Credit's current buy rate lease money factor is .00250 on all vehicles for consumers who qualify for its top credit tier.

    Car_man
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  • I read about money factor, residuals, etc. Who cares? I don't give a sh*t what that is. All I care is what I'm putting down, how much I'm paying per month, how many months I'm paying, and how many miles I can drive. I realize money factor and residual, price of the car all have saying in what the monthly payment will be. But that's not my concern. That the dealer's concern. As long as they give me the down and payments I want, I'm happy. It's their job to fudge the numbers (money factor, residual, etc) to get to where I'm happy.

    Z.
  • So like every one else I see what is going on in the financial markets. I am looking to lease a Boxster and yes the deposit, factor, residual, miles are all important. While the dealers say rates are not important and factor and residual are the key elements I disagree. Market rates help to set the factor.

    My sales guy is either playing dumb or clueless on this topic.

    I am looking for a low end boxster. I plan to upgrade some of the features like blue tooth, XM and GSP at car toys. Better system at lower cost.

    So I am looking for a place to get a good deal - thoughts?

    Also, for those of you who have leased a Boxster, has the car held it's residual? I am returning a 330 CI 2004 and it is low in miles and perfect shape. Has not help the residual.

    thanks
  • I asked for a Boxster S at $2500 Total Drive Off with $500 per month for 36 months at 12k. They wanted $790 per month instead. So I walked out. I won't pay more than $600 (incld) tax for a Boxster S.

    Z.
  • You won't get a new Boxster S for a $600 a month lease. At $45,000 financed, the Porsche web site calculates $548.88 for a 36 month, 12K mile lease. You can get a base model in that neighborhood, but not an S.
  • Car_man

    Gee, this site has been quiet for a year! Do you know what the current residuals and mfs are for the 2009 boxsters?

    Thanks
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