Howdy, Stranger!

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





Howdy, Stranger!

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

Did you get a great deal? Let us know in the Values & Prices Paid section!
Meet your fellow owners in our Owners Clubs

Porsche 911 S 2020 Lease

rick_lvrick_lv Posts: 7
edited March 18 in Porsche
I never dealt with Porsche before and I cannot tell how flexible their leasing terms are.

I'm looking for a 2020 911 S
MSRP 131,000
Discount 1,500
Residual 59%
MF 0.0029
10k/year
36mo.

I can't get them to move the MF which in my opinion is crazy high, for someone with excellent credit. They don't want to discount the car more than $1,500 cause it's a 2020 model. What do you guys think about these numbers? Do I have any chance to increase the discount, reduce the MF or increase the residual?

Thanks
rick

Comments

  • MichaellMichaell ColoradoPosts: 124,346
    rick_lv said:

    I never dealt with Porsche before and I cannot tell how flexible their leasing terms are.

    I'm looking for a 2020 911 S
    MSRP 131,000
    Discount 1,500
    Residual 59%
    MF 0.0029
    10k/year
    36mo.

    I can't get them to move the MF which in my opinion is crazy high, for someone with excellent credit. They don't want to discount the car more than $1,500 cause it's a 2020 model. What do you guys think about these numbers? Do I have any chance to increase the discount, reduce the MF or increase the residual?

    Thanks
    rick

    .00290 is the base MF for many of the Porsche models, and it's the best rate you'll see for top tier credit.

    Dealer cannot alter the residual, as that is set by PFS.

    For the 2020, I doubt you can get more of a discount, but, I've never shopped Porsche, so I don't really know what's possible.

    It's going to be hella expensive to lease.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • rick_lvrick_lv Posts: 7
    Thanks for the feedback. If it weren't for the crazy high MF, it would be OK. I just find hard to believe that Porsche customers are willing to pay 7% interest rate.
  • rick_lvrick_lv Posts: 7
    discount was about 2k - interest rate did not move 0.0029 MF
    we'll see when the car comes in what the final deal will be.
  • kyfdxkyfdx Posts: 130,616
    rick_lv said:

    discount was about 2k - interest rate did not move 0.0029 MF
    we'll see when the car comes in what the final deal will be.

    Yes, the Porsche standard MF remains at .00290 for April.

    And, still 59% residual for the 911 C2S coupe. (36/10)

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Can you share terms on this?

    48 month lease
    7500 miles per year.
    $130K MSRP
    2020 911 (992) 2S

    Can I refinance after to get a better rate. Seems 0.0029 is the going rate, which as noted previously in this thread is high.
  • kyfdxkyfdx Posts: 130,616
    lozanoorg said:

    Can you share terms on this?

    48 month lease
    7500 miles per year.
    $130K MSRP
    2020 911 (992) 2S

    Can I refinance after to get a better rate. Seems 0.0029 is the going rate, which as noted previously in this thread is high.

    We only have the residuals up to 42 months
    42/7.5
    .00290 MF and 54% residual

    If you find the 48 month residual, note that the MF for that term is .00307 MF

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

Sign In or Register to comment.