2014 Porsche 911 Lease Questions

Michaell

@qwert544 said:
Any Q2 update on 911 convertible residuals for both base 911 cab and 911S cabriolet?

911 C2 Cab:
24 mo/15K - 69%
27 mo/15K - 67%

911 C2 Cab S:
24 mo/15K - 67%
27 mo/15K - 65%

mctaco

Hi Michaell - it sounds like you have the Q2 numbers, which is awesome. Can you tell me the 24 mo/15K residuals for the regular 911 C2 and the C2S?

kyfdx

@mctaco said:
Hi Michaell - it sounds like you have the Q2 numbers, which is awesome. Can you tell me the 24 mo/15K residuals for the regular 911 C2 and the C2S?

2015?

C2: 69%

C2S: 67%

mctaco

Thanks for this - it really is hugely appreciated. Are the 2014s that are currently on dealer's lots the same residuals too? If so, sounds like the numbers are basically the same as Q1.

kyfdx

@mctaco said:
Thanks for this - it really is hugely appreciated. Are the 2014s that are currently on dealer's lots the same residuals too? If so, sounds like the numbers are basically the same as Q1.

71% and 69% for the 2014 models

dalema

@kyfdx@Edmunds said:
71% and 69% for the 2014 models

Is this with PDK or MT?

kyfdx

@dalema said:

Manual.... deduct 1% from all numbers for PDK equipped cars.

dalema

@kyfdx@Edmunds said:

Thanks

911rs

I'm part of the group awaiting a GT3 delivery. I'm curious, do you know the current lease info?
3 years, 7500 miles per year is what I'm interested in.
Residual? Money factor for tier 1? Thanks......
Also, as far as financing thru PFS, I see that they are currently offering 2.49% on certain models - is the GT3 included in this????

Michaell

@911rs said:
I'm part of the group awaiting a GT3 delivery. I'm curious, do you know the current lease info?
3 years, 7500 miles per year is what I'm interested in.
Residual? Money factor for tier 1? Thanks......
Also, as far as financing thru PFS, I see that they are currently offering 2.49% on certain models - is the GT3 included in this????

MF is .002, residual 55%.

The only car excluded from the 2.49% promotional rate is the 918 Spyder.

rr4mywife

Hi CarMan,
Looking for the MF and Residual on a 2014 911 Cab - 4 (PDK). 3-years/7.5k miles and 3y/10K miles.

• Thanks very much

kyfdx

@rr4mywife said:
Hi CarMan,
Looking for the MF and Residual on a 2014 911 Cab - 4 (PDK). 3-years/7.5k miles and 3y/10K miles.

• Thanks very much

.0020 MF and 61%/60% residual

gleek

CarMan-Can you please provide the residuals for a 2014 911 TT and TTs for 24 and 36 months at 5k and 10k miles per year. Thanks!

kyfdx

@gleek said:
CarMan-Can you please provide the residuals for a 2014 911 TT and TTs for 24 and 36 months at 5k and 10k miles per year. Thanks!

.0020 money factor.

911 Turbo: 63% residual for 24mo, 10K/yr. 65% for 5K/yr

56% and 58% residuals for 36 months.

911 Turbo S: Subtract 3% from above numbers.

gleek

Did the residuals or MF's change in May for Turbos?

gleek

Also, what is the MF for prepaid leases?

Thanks!

kyfdx

No changes... the MF for 36 month prepaid leases is .00160

altonbrown

2014 Carrera S PDK 117k MSRP 110k sale price, 1500 credit from Porsche. 2 year 10k mile lease .002 MF
1598.00 per month 3800 down
Residual is 83,776.00.
Is that a good deal? Thoughts? Any help greatly appreciated.

kyfdx

Is it a good deal? Sorry, but no experience shopping a 911. You are getting the base money factor, so that's a big plus, right there.

While that's a giant monthly payment, it's still probably the cheapest way to drive that 911 for just 24 months.

ROBRTM5

Hi Kyfdy - Can you please provide me with the MF and Residual for a 911 S Coupe, 24 Months and 27 Months, 10K and 12K miles per year.

Thanks,

RM

kyfdx

@ROBRTM5 said:
Hi Kyfdy - Can you please provide me with the MF and Residual for a 911 S Coupe, 24 Months and 27 Months, 10K and 12K miles per year.

Thanks,

RM

.0020 MF and 71% residual for 24m, 12K/yr. 72% residual for 24mo, 10K/yr.

Subtract 2% for 27 month residuals.

bmarver

Hey KYDFX - Can you provide me the MF and the residual for JUNE for a 2014 911 C2 S coupe 27 months 7,500 mies...Is it any different than May. The finance manager at the dealership I went to claimed that it went up to .0250 in June (I think he's full of it) & he only offered .0225 if I paid the lease up front? However he did offer a tax credit, reducing the sales tax to 1% (saved about 6600)

Thanks,
Brian

kyfdx

@bmarver said:
Hey KYDFX - Can you provide me the MF and the residual for JUNE for a 2014 911 C2 S coupe 27 months 7,500 mies...Is it any different than May. The finance manager at the dealership I went to claimed that it went up to .0250 in June (I think he's full of it) & he only offered .0225 if I paid the lease up front? However he did offer a tax credit, reducing the sales tax to 1% (saved about 6600)

Thanks,
Brian

Usually, Porsche only adjusts their numbers quarterly. If they actually did up their money factors, we might not hear about it.. because... the numbers we have are good until July. In other words, he is most likely marking up the rate, which Porsche dealers are famous for.

.0020 MF and 71% residual. MRM for this model is $119,800. These are May numbers (and April and June). With the tax credit thing, you must be in Texas? That's a monster savings, but that money factor markup from .0020 to .0025 is probably adding around $90/mo. to your payment..

bmarver

Also, if the MF is at .002 Should I be getting a discount on that rate if I pay the lease up front?

kyfdx

@bmarver said:
Also, if the MF is at .002 Should I be getting a discount on that rate if I pay the lease up front?

On a 27 month lease, the Single Pay money factor is .00165, instead of .0020

That's not a real big discount.

acquit808

New to Porsche leasing. This is the deal that I'm being offered at Porsche of Honolulu on a 2014 C2S cab. It looks like a good deal, but want to make sure. Thoughts and advice is greatly appreciated.

C2S cab
M.S.R.P. $ 117,750.00
Selling Price $ 108,000.00
Acq Fee $ 1,144.00
Cap Reduction $ 5,000.00
Residual (Res %) 67% $78,892.50
Adj Cap $ 104,144.00
Depreciation $ 29,107.50
Monthly Depreciation $ 841.72
Monthly Rental $ 323.97
Term 30
Money Factor 0.00177
Base Monthly Payment $ 1,165.69
Use Tax (Tax Rate) 4.71% $ 54.93
Total Monthly Payment $ 1,220.62
License $ 400.00
Drive-Off $ 1,856.22
Total Down $ 6,856.22
Total of Payments $ 36,618.56
Total of Lease $ 38,474.78

kyfdx

The numbers are right on the money..

The acquisition fee appears to be marked up from $895, which I didn't think Porsche allowed, but maybe there is a dealer/doc fee in there, as well. You don't give your mileage allowance, but I don't have the 30 month residuals, anyway. That's not a number that the dealer can alter, at any rate.

The money factor is the buy rate, and 30 months is the longest you can go, and still get that lower rate, so that's a good set-up. Considering you are on the island, and competition must be non-existent, it looks like a pretty good deal.

acquit808

Thanks for the feedback. Allegedly, the higher fee is due to shipping here in Hawaii. The lease is for 30 months at 7,500 miles a year with $0.30 a mile over. You are correct about competition, the next closest dealer is in California.

kyfdx

It's a lot of money for 18,750 miles of driving... but, then again.. how far can you go?

acquit808

I was able to negotiate these rates for 10,000 miles a year so that sweetens the deal. Completely agree that's it's a lot of dough for now 25,000 miles of driving but on my last BMW lease, I put 17k mikes in 30 months. Living on a fairly small island certainly limits your miles, and any ability to take a road trip.

corsche

Can someone share the June lease MF and residual for 2014 911 C4S Cab for 24 month 10K and low mileage 5K leases

Michaell

@corsche said:
Can someone share the June lease MF and residual for 2014 911 C4S Cab for 24 month 10K and low mileage 5K leases

Standard MF of .00200 and residual of either 69% (24/10) or 71% (24/5). MRM of $140,930.

arturob2

Hi kyfdx,

Do you have the MF and Residual for a 911 C4S Cab for the following terms:

7,500 miles/yr for 27, 30, and 36 months.

Thanks!

Michaell

@arturob said:
Hi kyfdx,

Do you have the MF and Residual for a 911 C4S Cab for the following terms:

7,500 miles/yr for 27, 30, and 36 months.

Thanks!

no 30 month numbers

.00200 MF and 68% / 59% (27 / 36)

this is for the 2015 MY

arturob2

Thank you!

ROBRTM5

Hi kyfdx, Can you please provide me with the MF and Residual for a 2014 911-S Coupe PDK, 24 & 27 Months with 10K and 12K miles per year.

Thank you,

RM

Michaell

@ROBRTM5 said:
Hi kyfdx, Can you please provide me with the MF and Residual for a 2014 911-S Coupe PDK, 24 & 27 Months with 10K and 12K miles per year.

Thank you,

RM

.00200 MF

24/12 - 69%

27/12 - 67%

Add 1% for 10k

dr08

Could someone give me the current MF and residual for a 911 S Coupe PDK for 36 and 24 months, 7,500 miles/year. Thank you.

Michaell

@dr08 said:
Could someone give me the current MF and residual for a 911 S Coupe PDK for 36 and 24 months, 7,500 miles/year. Thank you.

The Porsche numbers should be available early next week.

dr08

Thanks, Michaell. What about the June/current MF and residual for the 2014 C2S PDK? Might be making a deal over the weekend. Any incentives at this time?

kyfdx

@dr08 said:
Thanks, Michaell. What about the June/current MF and residual for the 2014 C2S PDK? Might be making a deal over the weekend. Any incentives at this time?

The new July numbers are the current ones.... we just don't know what they are.

drawan

Subscribing to this thread to find out the July #'s for Residual and MF for a 2014 C2S 12k and 10k for 24 vs 27months. Also is there a difference in residual between PDK and stick? I've heard stick actually carries a 1% higher residual (which seems counter-intuitive), is this true?

kyfdx

Sorry.. we don't have the new 3rd quarter numbers for Porsche, yet.

It is true about the residuals. I think it's more a reflection of the option cost of the PDK, rather than actual resale. If a stick goes for $100K and the PDK goes for $104K, then even with the lower residual percentage, the PDK will have a higher actual residual amount.

firstporsche1

Looking to lease my first Porsche in the next week or so, but I see you don't have the July numbers.

Can you tell me what the Residual Value was in the last quarter for a 2014 C2 with 10K/yr for 36 month term? Do the Residual Values tend to shift significantly from quarter to quarter, or would using last quarters values be a relatively safe estimate for this quarter?

Also, I read that standard MF is .0020. Doesn't this depend entirely on your credit score? Any idea what the typical MF from PFS is for credit scores in the mid 600s?

Thanks!

kyfdx

@firstporsche1 said:
Looking to lease my first Porsche in the next week or so, but I see you don't have the July numbers.

Can you tell me what the Residual Value was in the last quarter for a 2014 C2 with 10K/yr for 36 month term? Do the Residual Values tend to shift significantly from quarter to quarter, or would using last quarters values be a relatively safe estimate for this quarter?

Also, I read that standard MF is .0020. Doesn't this depend entirely on your credit score? Any idea what the typical MF from PFS is for credit scores in the mid 600s?

Thanks!

Porsche has only been adjusting their numbers quarterly. The money factor has been .0020 for quite awhile. That is the base rate for top tier (740+). 650-699 is .00260, and you don't want to know what it is below that. Those numbers could change, but it seems doubtful, and if they did, probably not by much.

The 2nd Quarter residual was 62% for 36mo, 10K/yr. Because the residuals only change quarterly, and we are nearing the end of the model year, those could change substantially.

firstporsche1

Thanks for the information. By change substantially, I'm assuming you mean in the negative direction? Do residuals generally decrease over the course of the year, even though it's the same model year car?

kyfdx

@firstporsche1 said:
Thanks for the information. By change substantially, I'm assuming you mean in the negative direction? Do residuals generally decrease over the course of the year, even though it's the same model year car?

Yes.... if they move, it will be down.

firstporsche1

Interesting. It's a bit counterintuitive, in two ways: one, if you sell the car in one, two, or three years, it is a 2014 model year car regardless of when it was leased in that year, and yet the later in the year you lease, the newer or less depreciated the car is, in essence; and two, declining residuals would seem to discourage leasing a a car at year end, exactly when dealers want to get rid of unsold inventory, since you are better off waiting until the 1st quarter of the new model year to get a comparable price vehicle with a better residual value...

kyfdx

@firstporsche1 said:
Interesting. It's a bit counterintuitive, in two ways: one, if you sell the car in one, two, or three years, it is a 2014 model year car regardless of when it was leased in that year, and yet the later in the year you lease, the newer or less depreciated the car is, in essence; and two, declining residuals would seem to discourage leasing a a car at year end, exactly when dealers want to get rid of unsold inventory, since you are better off waiting until the 1st quarter of the new model year to get a comparable price vehicle with a better residual value...

Car manufacturers will manipulate money factors and residuals to get to a payment that will sell the vehicle. Sometimes it's higher residuals, sometimes lower money factors, customer rebates or dealer cash..

But, at some point, the bank has to deal with reality. A 2014 coming off lease in August 2017, just before the 2018 models come out... .is going to be worth less than a 2014 coming off lease in November 2016... during the start of the 2017 model year. And, residuals have to reflect that, all else being equal.

So... they begin to taper supply of the outgoing model, lower the money factor, or add cash incentives.. Porsche doesn't have a lot of those problems, as their customers, as a whole, are a lot less price sensitive than the Accord or Civic buyer/lessee.

firstporsche1

That make sense. Wasn't taking into account the fact that time of resale will be at year end (assuming a 24 or 36 term lease), with next year models coming out...

Last quarter residual for a 2014 C2 with 10K/yr @ 36 months was 62%. Can you tell me what it was for 10K/yr @ 24 months and 27 months, and 7500/yr @ 24, 27, and 36 months?

Thanks!