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Thanks for the guidance again. I picked up my new 2010 boxster 6speed last week, in triple black and I'm loving it..
Car_man
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Can anyone give me a feedback for what is ideal monthly payment? This is what my local sales person give me 3 yrs 10k/ yr $3500 down $1237.29.mo. Msrp is 69800.
36 month lease - .00118 money factor - 12K miles per year - residual 56%....would anyone like to give me any feedback?
I'm looking to lease a 2010 Boxster (base or S) before the end of August. Do you know the current money factor and residual value for a 15,000 mile, 3 year lease?
Thanks much!
If you have the same info for a Cayman that would be great too (as I'm considering those as well).
The numbers for an otherwise identical lease of a 2010 Boxster S are .00118 and 53%.
The numbers for a base 2010 Cayman are .00118 and 53%.
The numbers for a 2010 Cayman S are .00118 and 52%.
Car_man
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Interestingly, the numbers for a 36 month lease of this car are exactly the same. Porsche seems to be pumping up the resids for 36 month leases a little bit.
The numbers for the 2010 Boxster S are .00118 / 52% for 24 months and .00118 / 53% for 36 months. One rarely sees a 3 year residual value that's higher than a two year resid.
Car_man
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Thank you very much! Really appreciate it.
Do you by any chance know if Porsche is still offering dealers the $2000 cash incentive on these 2010 Boxster leases?
Regards,
KNK
Car_man
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The pricing of Boxsters can vary tremendously, depending upon how they are equipped, so it's difficult for me to tell you what year model $25,000 will buy, You probably should play around over in the Used Vehicle Pricing,/a> section of Edmunds.com to get an idea of what you're looking at.
Car_man
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Enjoy your new Boxster :shades: !
Car_man
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Can Factory Demos be leased as new vehicles even though they have couple thousands miles on them already? If the lease rates are not the same as a completely new 2010 model, what is the current money factor and residual for a 2010 factory demo Boxster S with 15000miles/yr for 3 years? Also, does the $2000 cash incentives apply to factory demo?
Thank You,
Dave
Thank You,
Dave
Porsche Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2010 Porsche Boxster S with 15,000 miles per year are .00118 and 53%, respectively.
The cash incentive should still apply.
Car_man
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It really comes down to whether the current PFS lease terms apply to the car. In my limited experience, if a car was a demo or an executive car or has significant miles, the only way you're going to know that is just to call up the dealer who has the car and ask.
The other issue you want to ask about these cars that have significant mileage is whether the car has been "punched" -- i.e., whether the warranty has already started to run. If you're doing a three year lease, it's something to think about.
The money factor I was quoted was 0.00265. Is this the going rate?
Thanks,
Car_man
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Porsche Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2011 Boxster with 15,000 miles per year are .00118 and 54%, respectively (as you were hoping ).
Car_man
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Are they doing the $2000 incentive still and what kind of money rates are we at now? Any idea of APR's for these?
I've never leased a car, let alone a Porsche, so any dealer recommendations in central NJ would be helpful also.
According to the latest information that I have seen, Porsche Financial Services' current buy rate money factor for a 36 month lease of any 2011 Boxster is .00118.
Car_man
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I'm looking at a 2011 Spyder PDK ($73,745 sticker; $65,695 invoice)...PFS quoted money factor of 0.001180 and residual at 53% for 10k miles over 36 months.
1. Does anyone know of any hidden incentives on the 2011 Spyder? What are good resources for finding incentives, besides edmunds and kbb?
2. How much over invoice are people paying today?
3. How does money factor change as a function of lease period (say increase to 48 or 60 months)?
4. How does money factor change as a function of mileage (say increase to 12k or 15k)?
5. What are the residuals for 48 and 60 months corresponding to 10k miles? 12k miles? 15k miles?
6. Some dealers suggested I order a 2012 model. Is there any benefit from leasing standpoint to lease a 2012 vs. 2011 model given 1+ year for depreciation? In other words, would the residual value go up as a result?
Thanks in advance for your help!
I am not aware of any cash incentives on the '11 Boxster right now.
The special money factor that you are taking advantage of is only available for up to 36 months. If you want to lease for 48 or 60 months, this car's money factor would jump to .00220.
PFS' 48 and 60 month residual values for an '11 Boxster Spyder MT with 15,000 miles per year are 39% and 32%.
If you were to lease with only 12,000 miles per year, this car's residual values would be 2% higher.
The residual value for a 2012 model would likely be higher, but I doubt that Porsche is providing lease support on any '12s right now, so its money factors would be higher as well.
Car_man
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Do you know what the May 2011 residual and money factor are for a Porsche Boxster Spyder, 36 months, 10K miles?
Also, what is the "base rate" money factor, exactly? Is that the same as the "buy rate"? I am interested in knowing the buy rate.
Thanks!
Nick
The terms "base rate" and "buy rate" are synonyms.
Car_man
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fwiw, I was able to do this in 2008 with a used '08 C4S (had ~2K miles) from a Porsche dealership with a PFS lease. I'm wondering if the PFS programs generally apply to current model year vehicles even if they're used.
tia for clarification.
thanks!
Car_man
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The numbers for an otherwise identical 2012 model are .00118 and 53%...interestingly exactly the same.
I suspect that the dealers would just charge more for the 2012 model, making it more expensive to lease.
Car_man
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Any word on the lease rates for July 2011 -- I'm looking at a 2012 Boxster Spyder, 36 month lease and 10K miles per year. Would like to know the buy rate money factor and residual. (Note: although Spyders won't be made in 2012, I'm told mine will be considered a model year 2012 because it was a June production).
Thanks!
Car_man
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Car_man
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What is the MF and the residual value for a 18 month lease of a 2011 Boxster Spyder PDK with 12,000 miles per year?
Compare to a 2012 Boxster Spyder with the exact same lease term, are the MF and residual the same?
Thanks,
Dave
I was given a lease offer on a 2011 Boxster with the details below. Is this a fair deal, should I be running to the dealership?
MSRP: 58240
Selling Price: 53240 ($5000 discount for "demo" car only 100 miles on it)
Terms: 24 months (I want a short lease)
Total Money Down: $3000
Total Monthly Payment with tax: $700.
10,000 miles per year.
Using the equations and current months factor payments come out to be a little more, but the residual the equation uses is just too low.
Im paying a total of $19,800. FPS says the car is worth 33,400 at the end of lease. Im not looking to buy it afterwards and the current price of a 2 year old Boxster is closer to 40,000. Thats a $6,600 gap. I know some ppl are able to get positive gaps not negative gaps. Is that possible with Porsche?
Car_man
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What is Porsche Financial Services’ September buy rate lease money factor and residual percentage for a 36-month lease of a 2011 Porsche Boxster S (with PDK) with 12,000 miles per year?
Also, I am open to any lease terms that will yield the lowest possible drive-off and monthly payment for this car. Is it wiser to lease a 2012 model? Are shorter-term (i.e. 18-month) leases still available, and, if so, are they a better deal?
The lease program really isn't any better on the 2012 model so you're probably going to be better of going with the 2011 and the bigger discount that you are likely to get on it.
Car_man
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If I was in the market for a new Boxster I personally might be tempted to wait until April to get one. It's program might be better then.
Car_man
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Do you happen to know the residual and MF on the new 2013 Boxster? I am looking for a 24-36 mo lease with 12K -15K miles per year on the base model.
Thanks!
The numbers for an otherwise identical 36-month lease are .00200 and 56%.
If you were to lease with only 12,000 miles per year, this car's residual values would be 2% higher.
Car_man
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