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Porsche 911 Lease Questions
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Comments
I have seen posted the residuals per below for a '13 911 C2, based on a 24-month lease:
24 month
-15k miles 75%
-10k miles 78%
-1% drop for PDK (is this accurate?)
Does anyone know what the residual is for only 5k miles/yr?
Also, would someone mind explaining to me what exactly the MRM of $106,380 means.
Thank you.
Brandon
Sorry, I don't know the 5k/yr residuals. Yes, PDK usually drops the residual 1%.
Thanks for your help with previous car purchases. I saw previous posts for base 911 C2 with PDK referencing 74% residual and 0.002 money factor for 24 month lease with 15000 miles. I just got a quote from Houston dealer with 70% residual and .0032 MF saying .002 is for current PFS customers. Can you post current residuals and MF for this scenario?
Thanks for your help.
The residual value for a lease with 10,000 miles per year would be 1% higher.
Car_man
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The residual value for a lease with 12,000 miles per year would be 2% higher. The 10k residual value would be 3% higher.
Car_man
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MRM means the maximum amount of money that Porsche Financial Services allows to be residualized on a lease of this car.
I'm not sure what PFS ultra low mileage adders are, but an educated guess would be 4% for 7,500 miles per year and 5% for 5,000. A dealer should be able to confirm this.
Car_man
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It looks like the dealer that you are working with is trying to really jack up your car's money factor to add profit to your deal.
The 74% residual value that you mentioned is correct.
Car_man
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Hi atsor3. Porsche Financial Services' March buy rate lease money factor and residual value for a 24-month lease of a 2013 911 C2 Coupe with 15,000 miles per year are .00200 and 75% for consumers who qualify for its top credit tier.
Thanks
-Ian
Porsche Financial Services' March buy rate lease money factor and residual value for a 24-month lease of a 2013 911 C2S Coupe with 10,000 miles per year are .00200 and 74% for consumers who qualify for its top credit tier.
Car_man
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They gave me .0020 and 72pct residual on a 27mth lease.
Regards,
Ian
Thanks!
4-8.5% on new vehicles
some get 8-10 on old stock
Southern cal seems to be a tough market from what I have heard for negotiating
I would accept no less than 5% but aim for 7.5-8%
fyi I received 7.5% on base carrera last month, new in stock
Car_man
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PFS' 24-month, 10,000 mile per year residual value for a 2013 911 C2S Coupe is 74%. I haven't seen the 27-month residual, but I suspect that it's 3% lower than that.
Car_man
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For 24 month lease, 10k miles/yr, my dealer is giving me a Residual of 71%.
Is that correct? it seems it should be higher.
Also can you confirm that for April MF is still 0.00200 and do they still have the 3 month lease buyout of current nonPorsche leases for new customers?
I know it was going on in March but I don't see it listed in Edmunds incentives anymore.
Thanks again
Like others I wanted to get clarification on leasing details and there's various rates being through around.
I'm looking at a 911S in Los Angeles for about $122,000 MSRP. Dealer has reduced pricing to about $116,000 (includes conquest offer). Looking at 24 month lease with 10k or 12k miles.
1) Should I be getting more off the MSRP ?
2) Should I expect a MF of 0.002 ?
3) What is the residual for 10k / 12k ?
Current dealership is saying with minimal drive off (only 1st month, taxes, registration, bank fee), they can do $1600 inclding taxes. did not give details on the MF, residual though.
Any thoughts are very much appreciated as I'm thinking of getting this in the next 2-3 weeks.
Thanks,
Eric
As far as early termination goes, Porsche is waiving up to a whopping twelve remaining payments for current Porsche lessees and up to three remaining payments for current non-Porsche customers.
Car_man
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Porsche Financial Services' April residual value for a 24-month lease of a 2013 911 S Coupe with 12,000 miles per year is 73%. It increases by 1% for leases with 10,000 miles per year.
Car_man
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MSRP $98,900
Negotiated Sale Price $93,900
Lease is for 24 months with 12k miles annually. $1,800 out of pocket and $1,300/mth
The breakdown sheet that the dealership supplied indicates sales taxes of $5,667 (I live in FL at 7% tax rate). Seems like the taxes are being applied to the entire price of the car and not the part that I am using (2 years worth).
Wouldn't the sales tax be a lot lower?
Based on your 7% tax rate, your total tax payments over the life of the lease should be about $2310.
Hope this helps.
2013 911 C2 with PDK, etc
MSRP $101,530
Market Savings $4,550
Smart Choice Price $96,980
Appearance Protection $599
Door Edge Guards $299
Theft Protection ($7,500) $499
Vehicle Selling Price $98,377
Sales Tax $5,950.93
Tag/Registration Est Fee $508.75
Tire/Battery/MVWEA $6.50
Dealer Service Fee $699.95
Balance Due: 105,543.13
Cash Due $6,750
24 Mth 12k miles $1,253
They said the residual would be 74%, but I don't think these numbers add up to any sort of savings really. I called another dealership and may have found the deal I was after. Actually 2 dealerships had MUCH better deals for C2's that were identical in MSRP.
I would look for a deal with no money down (only first month payment and legally required costs at delivery) of about $1265/mo plus taxes. If you want to put money down up front (which you should not do), then just divide it by 24 and subtract that from the monthly payment which will get you close to the payment you should expect from the dealer...in this case roughly $1040 including your 7% tax. You would have to pay the tax on the down payment as well....so that would be another $472 or so.
Finally, the dealer can order 2014's now and the deal for a 2014 should be almost the same....just FYI. Of course you have to wait for the car, but you can get the features you want vs the one's the dealer ordered for their stock car.
porsche Financial Services' current buy rate lease money factor and residual value for a 24-month lease of a 2013 911 C2 Coupe with 15,000 miles per year are .00200 and 75% for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 36-month lease are .00200 and 62%.
The residual value for a lease with 12,000 miles per year would be 2% higher, 10,000 per year would be 3% higher, 7,500 per year would be 4% higher...I don't know this for certain but using this pattern one would think that 5,000 miles per year would be 5% higher.
Car_man
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I am being told a MF .0027 and 71% residual for 24 month / 10k
Car_man
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Car_man
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Thanks for the help. Can you provide the residuals for 2013 C2 cab and C2S cab, with 15k,12k and 10k? Thanks in advance!
Also, is the conquest program still available?
Thanks!
The numbers for an otherwise identical lease of a 2013 911 C2S Cabriolet are .00200 and 53% (wow the resid really drops for the S).
The residual values for a lease with 12,000 miles per year would be 2% higher. The 10,000 mile per year residual values would be 3% higher.
Car_man
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The conquest program is indeed still available.
Car_man
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I had also read that there is a $1,000 prepaid mastercard bonus available in connection with financing, but couldn't find any further details on it.
Thank you, great info. Do you know what these same numbers would be for a 24 month term?
Thanks again for all your help on this forum. Can you confirm the residual for a 24 mo. C2 coupe with 7,500 mi would be 81% (80% for PDK)? Also can you explain the conquest cash ($5k) or link me somewhere that show it (Edmunds does not have it anywhere)? Would be really interested in picking one up if these numbers are correct! Thanks in advance.
"Thanks! Do you know if dealers are still getting the $5,000 sell down cash from the manufacturer?
I had also read that there is a $1,000 prepaid mastercard bonus available in connection with financing, but couldn't find any further details on it."
Also - are the residuals with PDK 1% less - couple of dealers have told me that.
I have been also given a residual of 78% for 7500 miles and 79% for 5000 miles with a PDK. Those numbers are a little less that what car_man mentioned before so I do not know if I should trust them. Waiting for verification.
"Thanks! Do you know if dealers are still getting the $5,000 sell down cash from the manufacturer?
I had also read that there is a $1,000 prepaid mastercard bonus available in connection with financing, but couldn't find any further details on it.
Also - are the residuals with PDK 1% less - couple of dealers have told me that."
I don't think there is any special "rebate" to the customer per se. What I am asking is if there is a program where the manufacturer will pay to dealer $5,000 for a 911 coupe sale. I think Porsche calls this sell down cash, MB calls it trunk cash or just dealer cash. Now that maybe why they are will to give you 5% off MSRP - but I want to know what overall profit the dealer is making here. Eg if I tell them I want to buy a car at invoice, I know they are still at least making the $5,000 in profit.
2 dealers have told me PDK takes 1% off the residual - and acknowledged that doesn't really make sense.
Car_man
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The numbers for an otherwise identical lease of a 2013 911 C2S Cabriolet are .00200 and 69%.
Car_man
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The only conquest offer that I've seen for the 911 is where Porsche will make up to three remaining payments for conquest customers to get them out of their current lease.
Car_man
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1. Does PDK add or subtract 1% from the residual and are the ones you have quoted with or without pdk?
2. Is there a $1,500 prepaid MasterCard available through porsche financing ie what is noted here: http://www.autoloandaily.com/porsche-911-rebates-incentives
I'm signing my lease today if you see this.
Thanks!