2014 Porsche 911 Lease Questions

firstporsche1

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.)

kyfdx

@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.

crazyfoxkp

Hi KYFDX /moderator:
Looking for residual and MRM for 2014 C2S cab with 15K/yr @36 months.
Thanks!

kyfdx

@crazyfoxkp said:
Hi KYFDX /moderator:
Looking for residual and MRM for 2014 C2S cab with 15K/yr 36 months.
Thanks!

.0020 MF and 55% residual. MRM is $134,200

27 month numbers: .00128 MF and 63% residual

singhumd

Hey kyfdx,

I am trying to get a C2 with 24 or 27 month lease with 12k miles...What's residuals, money factor, and MRM. Also, when do you think is the best month to lease in? Like is now a great time to get a 2014...Maybe get a bigger discount before 15s come out? Please advise.

Thanks in advance.

Sonny

kyfdx

@singhumd said:
Hey kyfdx,

I am trying to get a C2 with 24 or 27 month lease with 12k miles...What's residuals, money factor, and MRM. Also, when do you think is the best month to lease in? Like is now a great time to get a 2014...Maybe get a bigger discount before 15s come out? Please advise.

Thanks in advance.

Sonny

.00177 MF and 72%/70% residual. MRM = $102,300.

I'd say now would be a great time to get a deal on a 2014... You could wait another month or two, and maybe do better (lease program is likely to be the same, but price could go down), but of course, selection will only get worse.

ROBRTM5

Hi KYFDX - Looking for MF, Residual and MRM for 2014 and 2015 911 Turbo and Turbo S Coupe PDK with 10K/yr, 24 and 27 months terms. Thanks you in advance.

RM

kyfdx

@ROBRTM5 said:
Hi KYFDX - Looking for MF, Residual and MRM for 2014 and 2015 911 Turbo and Turbo S Coupe PDK with 10K/yr, 24 and 27 months terms. Thanks you in advance.

RM

2014 911 Turbo: .0020 MF and 63% for 24mo, 10K/yr. 61% for 27 mo. MRM = $171,600

2014 Turbo S: .0020 MF and 60% residual for 24mo. 58% for 27 mo. MRM = $200,300

kyfdx

@ROBRTM5 said:
Hi KYFDX - Looking for MF, Residual and MRM for 2014 and 2015 911 Turbo and Turbo S Coupe PDK with 10K/yr, 24 and 27 months terms. Thanks you in advance.

RM

2015 models have the same numbers as above except for MRM

2015 Turbo MRM = $174,900. 2015 Turbo S MRM = $202,000

sf911c2

kyfdx-

In your response to singhumd for the 2014 C2 was that MT? I have a dealer telling me a C2 with 24 mo, 10k miles, PDK is 72%. I'm saying 73%. What is correct? TIA.

kyfdx

On most 911s (not Turbo), PDK does drop the residual by 1%. Your dealer's number is correct.

ai101

Hi, Can you please provide me with the MF and Residual for a 2014 911 Cab (manual), 24 & 36 Months with 7.5K and 10K miles per year. Also, is there a sweetspot in terms of length of lease for the best deal (such as 27 months, for example)?

Thank you,
AI

kyfdx

@ai101 said:
Hi, Can you please provide me with the MF and Residual for a 2014 911 Cab (manual), 24 & 36 Months with 7.5K and 10K miles per year. Also, is there a sweetspot in terms of length of lease for the best deal (such as 27 months, for example)?

Thank you,
AI

2014 C2 Cab:

24mo, 10K/yr = .00105 MF and 70% residual.

27mo, 10K/yr = .00105 MF and 68% residual.

36mo, 10K/yr = .0020 MF and 62% residual.

Add 1% to all terms for 7.5K/yr.

The 27 month term is going to be better than the 24 month.. It may be as cheap as the 36 month term, depending on the size of the discount from MSRP. (bigger the discount, the more it favors the shorter term).

dalema

A lease rate of .00105 (2.5%) seems really good - not sure I've seen this before - is this special to clear out 2014, or same for 2015?

If you were to take the 27 mth, 10K/yr on a 2015 - is it the same residual?

Final question - is the C2S at the same MF and what is the residual on 27mth, 10K/yr and 7.5K/yr?

Thx - you do a great service of informing people through thus forum - I always recommend people come visit it to learn.

kyfdx

@dalema said:
A lease rate of .00105 (2.5%) seems really good - not sure I've seen this before - is this special to clear out 2014, or same for 2015?

If you were to take the 27 mth, 10K/yr on a 2015 - is it the same residual?

Final question - is the C2S at the same MF and what is the residual on 27mth, 10K/yr and 7.5K/yr?

Thx - you do a great service of informing people through thus forum - I always recommend people come visit it to learn.

The low MF was introduced on shorter term leases for the 2014 sports cars, a few months back.

2014 C2S Cab: .00128 MF and 66% residual for 27mo, 10K/yr

2015 C2 Cab: .0020 MF and 70% residual for 27mo, 10K/yr.

epdoc

Hi, I'm new here and looking at my first porsche. A local dealer has a 2014 PCNA C4S w/ 4K mi on it, never titled. Selling as new, discounted from $121K to $110. They offered a 27mo 15K lease for $1669/mo w/ no money down based on residual of 63% and MF 0.00182. Any thoughts on sale price and would appreciate help in verifying official MF and residual.

kyfdx

@epdoc said:
Hi, I'm new here and looking at my first porsche. A local dealer has a 2014 PCNA C4S w/ 4K mi on it, never titled. Selling as new, discounted from $121K to $110. They offered a 27mo 15K lease for $1669/mo w/ no money down based on residual of 63% and MF 0.00182. Any thoughts on sale price and would appreciate help in verifying official MF and residual.

A quick calculation with those numbers results in a payment of $1589/mo. plus tax.

I show the base rates as .00152 MF and 64% residual, 63% with PDK.

dalema

@epdoc said:
Hi, I'm new here and looking at my first porsche. A local dealer has a 2014 PCNA C4S w/ 4K mi on it, never titled. Selling as new, discounted from $121K to $110. They offered a 27mo 15K lease for $1669/mo w/ no money down based on residual of 63% and MF 0.00182. Any thoughts on sale price and would appreciate help in verifying official MF and residual.

9% off MSRP on a 2014, when the 2015s are now coming out - doesn't seem like much of a deal on the sales price. Plus it has 4K miles on the clock - you should be getting a significant discount. Looks like they are taking advantage of you on the MF also.

If new to Porsche, you should check out rennlist.com and the 991 forum for discussion on sales prices and other great advice. No better place than this forum though for lease advice.

dalema

These are the scenarios I am weighing, if you wouldn't mind posting MF, residual and MRM for 7.5K/miles and 10K/miles:

1. 2014 C2S

2. 2014 C2S Cab

3. 2015 C2S

4. 2015 C2S Cab

For a PDK.

Sorry its a lot of scenarios.

Thanks!

kyfdx

@dalema said:
These are the scenarios I am weighing, if you wouldn't mind posting MF, residual and MRM for 7.5K/miles and 10K/miles:

1. 2014 C2S

2. 2014 C2S Cab

3. 2015 C2S

4. 2015 C2S Cab

For a PDK.

Sorry its a lot of scenarios.

Thanks!

How many months?

dalema

@kyfdx said:
How many months?

27 months please

kyfdx

@dalema said:
These are the scenarios I am weighing, if you wouldn't mind posting MF, residual and MRM for 7.5K/miles and 10K/miles:

1. 2014 C2S

2. 2014 C2S Cab

3. 2015 C2S

4. 2015 C2S Cab

For a PDK.

Sorry its a lot of scenarios.

Thanks!
@dalema said:
27 months please

27mo, 10K/yr

2014 C2S: .00177 MF and 69% residual. MRM $119,800

2014 C2S Cab: .00128 MF and 66% residual. MRM $134,200

2015 C2S: .0020 MF and 68% residual. MRM $119,800

2015 C2S Cab: .0020 MF and 67% residual. MRM $134,200

Add 1% to all for 7.5K/yr. Subtract 1% for PDK. Add $4080 to MRM for PDK

911rs

Hello, I have a long delayed 2014 GT3 on order. It was originally scheduled for delivery on May 16'th, but now still at factory, delivery scheduled for Nov. It will still be a 2014. Do you know what the MF is for the 2014 GT3's? Also, residual values. I'm looking at 10,000 miles/year, 24, 27 or 36 month leases. Thanks. Lastly do you know if the 2015's (arriving on practically the same boat) will have same or different residuals?

kyfdx

No idea what the numbers will be in November, for either 2014 or 2015. Porsche numbers change quarterly, and that will be a new quarter

911rs

OK, thanks. I will email again right when the car finally arrives.

dalema

@kyfdx said:

Thanks! Have they reduced the residuals a fair amount since last year? I wonder if they will revert to higher residuals at some point.

Michaell

@dalema said:
Thanks! Have they reduced the residuals a fair amount since last year? I wonder if they will revert to higher residuals at some point.

We don't hold on to old data, so we can't comment on the residuals from this time last year to this year.

Hard to predict what will happen with the residuals in the future.

ROBRTM5

Hello Kyfdx - Can you please share the MF and residual on 27Mo/10K lease for a 2014 and 2015 911-S PDK and a 911-4S PDK.

Thank you,

RM

ctm14

Hello,

I am searching for a either a new 2014 or CPO 2013 C2 coupe or cabriolet. Can you share MF/Residual/ MRM for these 4 scenarios. I would be interested in 12K miles and 27 months. I am hearing from dealers that 29 months is the sweet spot so let me know what you recommend 24 or 29.

1. 2014 C2 coupe pdk
2. 2014 C2 cab pdk
3. 2013 CPO coupe pdk
4. 2013 CPO cab pdk

Thanks for all the help
CTM

Michaell

@ctm14 said:
Hello,

I am searching for a either a new 2014 or CPO 2013 C2 coupe or cabriolet. Can you share MF/Residual/ MRM for these 4 scenarios. I would be interested in 12K miles and 27 months. I am hearing from dealers that 29 months is the sweet spot so let me know what you recommend 24 or 29.

1. 2014 C2 coupe pdk

.00177 and 69%. MRM of $102,300. Add 2% for 24 months

2. 2014 C2 cab pdk

.00105 and 66%. MRM of $116,600. Add 2% for 24 months

Michaell

@ROBRTM5 said:
Hello Kyfdx - Can you please share the MF and residual on 27Mo/10K lease for a 2014 and 2015 911-S PDK and a 911-4S PDK.

Thank you,

RM

2014 911-S - .00177 and 68%

2014 911-4S - .00152 and 66%

2015 911-S - .00200 and 67%

2015 911-4S - .00200 66%

ctm14

Thanks Michaell,

Just to clarify the numbers above are based upon 27 months? Is it not an option to do a lease on a certified pre-owned? I realize the numbers may not be as favorable but would like to run some scenarios.

Thanks

dalema

Would be interested in the residual and MF on a left over new 2013 C2S and 2013 C2S cab. 27 mths and 7.5K miles with PDK. Thanks.

tcal

I'd like to know the current money factor and residual for a 2014 C2S Cab with a manual transmission. 27 and 36 months, 10,000 miles per year. I know this question has been answered before, but there are several posts with different numbers on them. Also, do these numbers change if you take advantage of Porsche's "Pull Forward" offer? Thanks in advance.

Michaell

@ctm14 said:
Thanks Michaell,

Just to clarify the numbers above are based upon 27 months? Is it not an option to do a lease on a certified pre-owned? I realize the numbers may not be as favorable but would like to run some scenarios.

Thanks

Confirm that the above numbers are for 27 months. There is data on 2013 MY, but not the traditional MF and residual percentage I'm used to seeing.

If I were to take an educated guess, I'd assume that the MF for CPO is .00200 (Porsche standard MF).

kyfdx

@tcal said:
I'd like to know the current money factor and residual for a 2014 C2S Cab with a manual transmission. 27 and 36 months, 10,000 miles per year. I know this question has been answered before, but there are several posts with different numbers on them. Also, do these numbers change if you take advantage of Porsche's "Pull Forward" offer? Thanks in advance.

.00128 MF and 66% residual for 27 months

.0020 MF and 58% residual for 36 months

Using a pull ahead program won't affect those numbers, but it could affect your negotiated selling price on the new vehicle.

tcal

Thanks for the info on the C2S. I'm now looking at a manual transmission 2014 C4S Cab. Do you have any numbers for 29 months, 7500 miles/yr?

kyfdx

@tcal said:
Thanks for the info on the C2S. I'm now looking at a manual transmission 2014 C4S Cab. Do you have any numbers for 29 months, 7500 miles/yr?

27 months?

.00080 MF and 65% residual.

tcal

29 months. It's an odd number, but that's what the dealer wants to do. Would the residual change if I go to 10,000 miles? The dealer is quoting 64% for 7500.

kyfdx

@tcal said:
29 months. It's an odd number, but that's what the dealer wants to do. Would the residual change if I go to 10,000 miles? The dealer is quoting 64% for 7500.

To go from 7.5K to 10K/yr subtract 1% from the residual. If you have any doubts, take the 10K/yr.

I can see why they are using 29 months, if it only drops the residual by 1% over 27 months.. at 30 months, the MF reverts to .0020. Verify that you are getting the .00080 MF. Porsche dealers like to mark that up.... sometimes, a lot.

tcal

Thanks. I agreed to pay a bit more on the MF in exchange for a larger discount in the price, basically splitting the difference between what they proposed and what I offered. The nice thing is that I'm going from a 2013 C2S Cab that stickered for $117,000 to a 2014 C4S Cab that stickers for $140,000 for essentially the same monthly payment.

kyfdx

@tcal said:
Thanks. I agreed to pay a bit more on the MF in exchange for a larger discount in the price, basically splitting the difference between what they proposed and what I offered. The nice thing is that I'm going from a 2013 C2S Cab that stickered for $117,000 to a 2014 C4S Cab that stickers for $140,000 for essentially the same monthly payment.

Congrats! Enjoy it!

ROBRTM5

Hello Kyfdx - Thank you for all your help. Couldn't do it without your help.
Can you please share the MF and Residual for a C4S Targa, 2015 with Manual Transmission.
Looking for 24, 27 and 29 months residual with 7500 miles per year and MF.

Thanks ",

RM.

kyfdx

@ROBRTM5 said:
Hello Kyfdx - Thank you for all your help. Couldn't do it without your help.
Can you please share the MF and Residual for a C4S Targa, 2015 with Manual Transmission.
Looking for 24, 27 and 29 months residual with 7500 miles per year and MF.

Thanks ",

RM.

.00080 MF for all terms up to 29 months.

Residual is 67%/65%/64%, respectively (thanks to @tcal for the 29 month info!)

ROBRTM5

Hello Kyfdx - Thanks for the info.

So the 2015s Targa have the same MF (.00080) as the 14s?
Can you please clarify.

RM

kyfdx

@ROBRTM5 said:
Hello Kyfdx - Thanks for the info.

So the 2015s Targa have the same MF (.00080) as the 14s?
Can you please clarify.

RM

oops... maybe not.. give me a minute

kyfdx

Those were 2014 numbers, I gave above..

Nope... all 2015 models have .0020 for the MF..

24mo, 7.5K residual is 70%, 27 month is 68%..

Not sure about 29 months, as that was most likely a special to take advantage of the lower MF on the 2014..

ROBRTM5

Ok.. Thank you!

911rs

Ok, my GT3 is finally set for arrival at the Dealer.
Can you please let me the following:

2014 GT3. Money factor and residuals for 10,000 miles a year, 36 and 48 months. I'm curious if there are any special money factor rates for the 2014 GT3?

Thank you! As always.

kyfdx

@911rs said:
Ok, my GT3 is finally set for arrival at the Dealer.
Can you please let me the following:

2014 GT3. Money factor and residuals for 10,000 miles a year, 36 and 48 months. I'm curious if there are any special money factor rates for the 2014 GT3?

Thank you! As always.

.0020 MF and 54%/44% residual. No specials on the GT3