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- 2006 BMW 330Ci Coupe
@firstporsche1 said: A more general question: which would you say is more critical, negotiated price or residual value? If it's the former, it would make sense to lease at the end of the year to get the best price (with dealers trying to clear inventory); but if it's the latter, than you'd want to lease at the beginning of the MY to get the best residual. Obviously either one will impact your monthly fee -- and potentially cancel each other out. But if leasing is really just a creative form of financing, then the most important factor would be negotiated price, right? (Sorry -- it's mid-July, so I am weighing my options.)
On a lease, it's just a math equation... You want the smallest difference between selling price and residual... along with a low money factor.. because, in the end, it's all about the total cost to lease over the term.
In my experience, the best leases have been in the Fall, after the new models are out and the manufacturer is stuck with excessive prior year inventory on the ground.. Large cash incentives and/or unrealistically high residuals make for some cheap lease payments. Of course, you have to be flexible on which car you want..
Of course, none of this may apply to Porsche, for the reasons I noted earlier. One danger in waiting? Sometimes, they will stop leasing the prior year model, and just put a big cash incentive on it. Which is great for a purchaser, but a potential lessee can be left out in the cold.
As far as being a creative form of financing? In that case, you only need worry about the money factor... as that is the finance rate.
Lease wear and tear insurance is a big money maker for dealers... it's right up there with tire/wheel insurance. You were smart to pass on it.
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