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Porsche Cayman Lease Questions
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Comments
Thanks,
AgentBB007
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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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
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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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
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).
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
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.
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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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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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!
Thanks
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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Car_man
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2012 Cayman (not S) PDK for 36 months + 15,000 miles.
What is the money factor and the residual?
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
Car_man
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Car_man
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Is the 36 month lease the "sweet spot" on the best lease rates/deal for a Cayman S lease?
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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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.
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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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?
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!!!!!!!
The numbers for an otherwise identical 36-month lease are .00118 and 51%.
Porsche is providing dealer cash on leftover 911s and Panameras, but I haven't heard anything about cash on 2011 Caymans.
Car_man
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Car_man
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Would you happen to know the residual percentage and money factor rates on a CPO 2008 Cayman?
Thanks
Happy Holidays. Could you please tell me what the latest up-to-date lease residual and money factor is on a 2012 Cayman S (standard 6 speed). Is 36 or 39 month lease still the "sweet spot"? I would be getting the absolute lowest mileage allowance possible. Is 7,500 still the lowest mileage allowance? Could you please let me know what the Residual and money factors are for this combo?
-2012 Cayman S 6 speed
-36 or 39 months
-Lowest mileage possible (7,500?)
I am trying to make a decision quick as well as determine if there is any change on the horizon for these lease details as we roll the calendar over from December to January so I can decide if the lease specs will get better, worse or unchanged over the next few days to determine when best to take delivery. As always, Thanks for the help and info!
The numbers for an otherwise identical 39-month lease are .00200 and 51%.
Wow, if that's correct that's a big drop in residuals for only 3 additional months. Go with the 36-month term.
I'm not sure if PFS offers leases with less than 7,500 miles per year. It might, so it wouldn't hurt to ask.
Car_man
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$5000 due at signing and $1249/mo... :surprise:
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It seems like the 991 rates are so much better than the Cayman's it almost makes no sense to lease it, and only makes sense in a buying comparison. This is just going off their price calculator online.
My goals for the next lease are $0 cap cost reduction, taxes & bank fees upfront, max monthly payment $800/month, whether it's 24 or 36 I don't really mind. Is this monthly payment realistic for Porsche?
Using those lease amounts and 7-11% off sticker an optioned out Cayman comes up to about $700-750/month. A Base 911 would probably crack $800, right? It just seems like for that much more "car" it might be worth it. What's a common Invoice/MSRP % for Porsche?
I got offered:
68% Residual (12k miles/year, 24 months)
55% Residual (12k miles/year, 36 months)
48% Residual (12k miles/year, 48 months)
and 0.0024 MF the other day.
The MF is way inflated in my opinion and the 13 point drop between 24 and 36 months also puzzled me a bit. Anyone else can share their opinion?
I think that's about as good as it is gonna get right now.
MSRP was $62400, negotiated down to $58900. They asked for $5k down and 730/month (including taxes, all in).
Anyone know if this is a good deal? Thanks for the help!
Can you give me updated MF buy rate for top tier credit and RF for a new Cayman S. Lease would be 36 months and 15K per year. Thanks a lot !
Can you provide me with the residual and money factor on the 2014 Cayman S 24 or 36 month lease with 12,000 miles per year? I have sent out email requests local dealerships and may begin the negotiation process soon.
Thanks.