Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2014 Porsche 911 Lease Questions

135678

Comments

  • Motortrend has the lease rates posted here-- http://www.motortrend.com/cars/2014/porsche/911/ Select your model, then click on "rebates"-- the figure are based on 15K per year..

  • kyfdxkyfdx Posts: 29,827

    Good info! Thanks!

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • What do you think about the following lease: 2014 991 carrera. PDK MSRP is $94K. 24 months, 15k miles a year. Total of $7500 out of pocket and $1000 a month including tax. $935 without tax. Thanks

  • 911 4S, MSRP $127000, 24 month lease with a prepaid option quoted at $43415 (taxes included). How much lower should I aimed at? Thanks, D

  • Does anyone have residuals and MF for 2014 911 Carrera, 24 months, 15k miles a year? thanks The dealer is offering me a deal where they have come off 9% on the car but the lease makes the residual 70% and the MF .003350. This does not seem right. ( More details MSRP $94315, negotiated price $84,669.00)

  • 911 4S, residual 0.72 and MF 0.205% for 24 months and 5K miles a year

  • kyfdxkyfdx Posts: 29,827

    @blackknight4 said: Does anyone have residuals and MF for 2014 911 Carrera, 24 months, 15k miles a year? thanks The dealer is offering me a deal where they have come off 9% on the car but the lease makes the residual 70% and the MF .003350. This does not seem right. ( More details MSRP $94315, negotiated price $84,669.00)

    2014 911 C2 Coupe: .0020 MF and 71% residual. Looks like that dealer is marking up the money factor the maximum amount. Which might be why he can offer such a big discount on the price.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Thank you. Should I ask them to use the correct residual and money factor? Do you think they will then raise the price. Just trying to figure out best way to negotiate.

  • kyfdxkyfdx Posts: 29,827

    @blackknight4 said: Thank you. Should I ask them to use the correct residual and money factor? Do you think they will then raise the price. Just trying to figure out best way to negotiate.

    The dealer has to use the correct residual for that model. That part will sort itself out. I'd concentrate on the money factor. "When I was negotiating the price, I assumed that you would use the base rate of .0020. Jacking up the money factor is adding almost $200/mo. to my payment."

    Then, see what they come up with.. I'm serious... $200/mo... that's a big markup.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Thank you so much for your help. I don't think this dealership is used to people negotiating.

  • kyfdxkyfdx Posts: 29,827

    @blackknight4 said: Thank you so much for your help. I don't think this dealership is used to people negotiating.

    A lot of high-line dealerships will try to make you think that worrying about the actual price is beneath them. That somehow, someone that can buy a $100K vehicle shouldn't worry about a measly $5K, here or there..

    So.. it's just car salesman BS, just with a twist.. ;-)

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdx, you have been so helpful. thank you. I got a complete printout from dealer. If you don't mind i am going to give you the number to see what you think. 2014 911 C2 MSRP- $94,315 Cap cost-$84,300 Bank fee $895, title/reg-$200 other fees-$105, tax on credit-$404, Total cap cost-$85,794 Cap reduction-$5,807 Advanced payment-$982 Net cap-$79,987 Residual-$66,020 Total drive off-$7500 Monthly payment-$982 with 7% tax, 24 months, 15k miles a year.

  • kyfdxkyfdx Posts: 29,827

    Looks like a small MF bump to .0023 (which is really small for a Porsche dealer.. lol). If you amortize your upfront payment over the 24 months, your effective payment is about $1250/mo. Which is really not too bad for a 24 month lease of a $94K car.. The money factor bump adds about $1000 to the deal, but $10K off MSRP is outstanding..

    As far as the residual.... Does your car have PDK? That does lower the residual by 1%, and would account for the discrepancy.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • it is pdk. forgot that. Thanks again. I just wanted to make sure i am getting a good deal. Now it is just deciding if i want to spend that kind of money on a car.(it is one hell of a car,so a tough decision!)

  • Does anyone know if they're going to roll out new programs in March or if these hold until April?

  • kyfdxkyfdx Posts: 29,827

    @Flowmacks said: Does anyone know if they're going to roll out new programs in March or if these hold until April?

    Porsche usually only changes quarterly, and the current program is scheduled to run until March 31st. That doesn't mean they couldn't change it, but it wouldn't seem likely.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • What does you guys think. I have dealer at 9.6% off MSRP on C2 and them using the correct money factor and residual per what is listed online. From what i have read i think this is a pretty good deal. I just don't want to be ripped off. Should I go for it?

  • kyfdxkyfdx Posts: 29,827

    @blackknight4 said: What does you guys think. I have dealer at 9.6% off MSRP on C2 and them using the correct money factor and residual per what is listed online. From what i have read i think this is a pretty good deal. I just don't want to be ripped off. Should I go for it?

    That's probably as good as it's going to get.. Since it's your money, I say, Go for it! ;)

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • i did and i am very very happy. Thanks again kfydx

  • @kyfdx@Edmunds said: Porsche usually only changes quarterly, and the current program is scheduled to run until March 31st. That doesn't mean they couldn't change it, but it wouldn't seem likely.

    You're right. Looks like we may never get the kind of programs they had in 2013.

  • ammettammett Posts: 1

    Hi Everyone,

    What are the lease rates for '14 C2 Manual Transmission 991s for 24 and 27 months, 5K,7.5k,10k,12k,15k miles a year for March.

    Thanks in advance

  • kyfdxkyfdx Posts: 29,827

    @ammett said: Hi Everyone,

    What are the lease rates for '14 C2 Manual Transmission 991s for 24 and 27 months, 5K,7.5k,10k,12k,15k miles a year for March.

    Thanks in advance

    .0020 MF and 71% residual for 24mo, 15K/yr lease.

    Subtract 2% for 27 month residual.

    Add 2%/3%/4%/5% to the 15K residual, respectively, for each step down in mi./yr.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • chemodocchemodoc Posts: 3

    Does this seem like a good deal for a C2 manual?

    MSRP 91730 Residual 72% Selling price 84500 Phantom footprint fee 99.00 Aquis fee 895 Doc fee 200 sales tax at 6% 5082 tags 346 10K miles/yr 27 month lease

    My cash down $7000

    Payments including tax per month $1057

  • kyfdxkyfdx Posts: 29,827

    Assuming that your $7000 pays for the tax and other fees, your payment would be $993/mo, using the base money factor of .0020

    What state are you in, where you have to pay tax on the full selling price? I would consider a longer lease, so you could amortize the tax over more months.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • chemodocchemodoc Posts: 3

    @kyfdx@Edmunds said: Assuming that your $7000 pays for the tax and other fees, your payment would be $993/mo, using the base money factor of .0020

    What state are you in, where you have to pay tax on the full selling price? I would consider a longer lease, so you could amortize the tax over more months.

    The state is Maryland where we pay tax on the full price of the car. The money factor they are using is 0.0023. I wanted to avoid 36 months since I wanted to avoid keeping the car through an additional winter.

    I asked the dealer to recalculate based on no money down and first payment out of pocket only. Now it is as follows for a C2 manual:

    MSRP 91730 Residual 72% Selling price 84500 Phantom footprint fee 99.00 Aquis fee 895 Doc fee 200 sales tax at 6% 5082 tags 346 10K miles/yr 27 month lease

    First month payment at signing/pickup.

    Payments including tax per month $1291

    Should I take it or wait until the end of the month? They have the exact car I want.

  • kyfdxkyfdx Posts: 29,827

    I just added the $7K you were putting upfront back into your CAP cost, and got $1305, so that's very close... The only thing I would note is that the base MF is .0020, so they may be marking it up slightly.. That's about $48/mo. at this price level... If they are marking it up to account for no security deposit or something like that, it would be better to make the deposit or fee, than take the markup. Probably just marking it up for extra profit (maybe to make up for the big discount).

    I don't have a crystal ball, but Porsche money factors haven't changed since at least the 3rd quarter of 2013, so I wouldn't expect them to, next quarter... residuals could change, but an increase isn't likely. Dealers can add incentives at any time, but the 911 typically doesn't get any.

    If you are happy with the deal, and they have the car you want, I don't see any advantage in waiting... and, I understand about not wanting to keep the car an extra 9 months, if you don't want to drive it for 5 of those months..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • scopeitscopeit Posts: 4

    Help. 2014 c2s coupe PDK. Msrp is 120885 + 950 destination

    2 year lease. 5k miles per year. 5000$ off price

    10k$ down. 1427/month before tax (Denver)

    Is this a good deal? Should I buy? Thanks in advance

  • scopeitscopeit Posts: 4

    They are telling me money factor is .026

  • MichaellMichaell ColoradoPosts: 6,372

    @scopeit said: They are telling me money factor is .026

    .0026 is the MF for all leases to level 3 customers (FICO 650-699).

    Residual is 69%, + 5% for 5K mpy.

    When I plug in your numbers (including the $10K down, which brings the cap cost to $106,835), I get a pre-tax payment of $1207 for a 24 month lease.

    You should ask your dealer (Prestige? Stevinson?) for a breakdown of the payment - depreciation vs. rent charge.

    MODERATOR
    2013 Hyundai Elantra GT / 2010 Mazda CX-7 GT / 2014 MINI Countryman S ALL4
    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

Sign In or Register to comment.