Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
Porsche 911 Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Deal wise I think I did okay. It is just a coupe with PDK and various other options
- residual 77% with 10,000 miles / year (would be 78% with manual)
- MF 0.0020
- sales price was 8.5% off MSRP / 3.5% over invoice (including the bank fee)
- did the lease conquest so it ended up 1% over invoice
- zero down (other than drive off cost) - only way to go
Very happy with the car.
Good luck!
I have a few questions:
1. Is it a C2S or C2?
2. So, with the conquest cash, you got 11% off MSRP? And since the bank fee was included, which is about $900, you pretty much got 12% off?
3. If you don't mind, would you share the MSRP of the car and your payment?
4. Would you be able to share the name of the dealership?
Thanks, and enjoy the beautiful car in good health!
I don't think you should be taking into account the lease conquest in determining a %age off MSRP when negotiating. That is a rebate between Porsche manufacturer and yourself (ie out of the control of the dealer). I negotiated without that element - and then at the end told them I would also be doing the lease conquest.
Also, your 12% is a little off as I couldn't take the whole $1,500/mth for $4,500 total lease conquest as my former lease wasn't that expensive.
In calculating payments etc. - I have a spreadsheet I use that I put together from my last lease - but I could recommend using the following in calculating lease payments:
http://www.ridewithg.com/calculator/index.html
Candy Beck of Niello Porsche in Rocklin, CA was very helpful throughout the process.
Good luck!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks for the response. Dealer says I can't lock now. Since I want December delivery, order won't be placed until Aug or Sept, and I have to wait until then to lock. Anyone getting contrary info?
http://autos.aol.com/cars-Porsche-911-2013-Carrera__2dr_Rear_wheel_Drive_Coupe/i- ncentives/
No dealer has mentioned it yet, and I haven't heard any confirmation from anyone receiving it. Worth the shot if it is still good.
Car is Dark Blue with Grey interior and has Prem. Plus pkg, Bose pkg, multi fxn steering wheel, PDK, 14-way sport seats, PDLS, and SportTechno wheels..
Good to see you managed to work it all out for what you wanted.
Have fun - puts a smile on my face every day
I'm looking at leasing a used 2012 911S cab that was originally sold in january 2012. I'm trying to figure out if the residual should be based on when the car was originally sold (which based on what I've read here for January 2012 would've been around 59% for a 36 mo 10k lease or 52% for a 48 mo 10k lease) or should it be based on something different related to the current date.
Thanks in advance!
MF: 0.002
C2 with PDK Residual: 78%
C2S with PDK Residual: 73%
Also, my local dealer will not discount off MSRP for a 2013, has anybody got any experience or recommendations on buying out of state?
Thanks!
I found that Daniel Lee with Park Place Porsche in Dallas was very agressive. Their customer service was awesome. I bought a 2013 Red C2 ($103,840 sticker) for $94,900 with conquest cash (7 series lease gave me $3228 off w conquest). They gave me the .002 mf and my residual was 75% for 27 months with 10k per year. I paid first month and $200 in fees down and ended up at $1010/mo before AZ sales tax of 8.95%. They arranged the shipping of my vehicle to my home in Scottsdale. Tell him Ryan from Scottsdale sent you. He's a nice guy. Good luck.
I was about to lease a 911, but then had some things come up that have postponed my purchase. Was getting a great deal, but I think that the current lease program expired 7/1. Anybody know if the 911 lease described above is still valid?
I was going to do the 27 month but the SA convinced me not to due to paying the 3rd year registration. It does work out to the best lease payment though.
Anyone knowmif porsche continued through with the same residuals, MF and lease conquest post June 30?
Agate Grey
PASM Sport Suspension
PDK)
Window trim high gloss Alum
Porsche Dynamic Light System
ParkAssist (rear)
Sport Chrono Package
Sunroof in glass
Sport Design steering wheel
Two-tone leather interior (Agate Grey/Pebble Grey)
Model designation on doors
Power Sport Seats (14-way)
BOSE Audio Package
Premium Package Plus
Online Services
Clear glass tail lights
Ornamental Porsche Crest
The two cosmetic options that I like the most are the clear taillights and the two-tone interior. The clear taillights go really well with Agate Grey. The dealer also had a white with clear taillights but I was not very sure how well they went with white. I do like the car a lot and have already put 800 miles on it in three days .
At my insistence, the leasing manager showed me a printout of "PFS Program 991420" but refused to give me a copy or let me take a photo claiming that it was proprietary. Assuming what they showed me was valid and given the many numbers on the page and dealership's reluctance to show them, my eyes focused on what was relevant to my lease deal for 27 months: 68% for 12K, 71% for 10K and 72% for 7.5K. However, I noticed some earlier posts in this forum referencing higher residuals for same term and higher mileage. Can anyone clarify?
Does anyone know what should happen if the dealership agrees to terms with one residual and then claims that they misquoted the residual (even though it had been mutually agreed to multiple times in a long string of emails). This happened to me after an epic and oftentimes tense negotiation. Crazy but true story...
I started the process toward the end of last month, at which time the dealership wanted to sell me a car but kept nickel and diming me on terms - first the negotiated price and then the MF. Even after I had sent them my best and final, they countered at which point I had enough. I emailed the salesperson the morning of 6/28 (Friday), writing that my terms were final and if they didn't agree by 5pm, I would pursue my Plan B (a Mercedes at an unaffiliated dealership). They conceded and the mutually agreed upon terms were 7.5% off MSRP, .0020 MF, 72% residual for 27 month lease @10000 miles/year.
The day before I was scheduled to pick up the car, I received a call from the salesperson informing me that he had made a mistake and the 27 month residual for 10K/year was actually 71% not 72% and that they could still offer me the car but for 7500 miles/year instead of 10000. While a mistake like this is always possible, it seemed all to convenient for it to happen now given the tension during our negotiation. I expressed my displeasure to the salesperson and offered to "think about it" then hung up and immediately called PFS customer service only to be told that although my lease application had been processed and approved they did not have a record for me in their system yet (so they couldn't talk to me about anything). After trying several different lines of questioning, I was finally told even if they did have me set up in the system they still couldn't discuss residual with me since "the dealership was their customer and any information I wanted needed to be obtained from them". When I mentioned that a dealership that they had authorized to negotiate on their behalf could possibly be making a mistake that they might have to honor given the authority PFS had bestowed - they didn't seem to care and I was told that PFS gives dealerships the exclusive right to communicate residual terms.
Less than thrilled with the circumstances, I went to the dealership the following day and signed the lease agreement including the following language handwritten on the lease form "Buyer's agreement predicated on prior mutual acceptance of different residual value for vehicle at end of lease term". When I handed it back to the lease manager, she told me that PFS would not accept it that way but if we executed a clean lease she was certain that PFS would hear me out. I chuckled and told her that the day before PFS had insisted to me that only the dealership could have that conversation with me and she was now saying the opposite. Against my better judgment, I signed the lease anyway knowing that I had a series of emails from the dealership proving my claim.
I have the car and love it so giving it back wouldn't be my first choice. I've also checked with the State Attorney General's Office and was told that once dealership has "given the financial details of an agreement, under the Bushing Law they cannot change the terms" but the person I spoke with was unclear on whether an emailed term sheet qualified as a valid agreement and advised me to call back during normal business hours to speak with an attorney. Does anyone have any thoughts or opinions about the legality of what the dealer did and what might be a fair resolution?
My expectation would be to negotiate a 5% discount, although that will be harder until the 2013's are gone.
I have heard nothing about any extra money on the 2013's or 2014's.
If you consider a 2013, the C2 has a whopping 77% residual. The C4 residual is 73% and interestingly enough the C2S is 71%..
Given the few (if any) changes in the 2014, the best deal (24 mos) is the base C2. If you want a CS2, you will save money getting a 2014.
I'm sure they made a mistake somewhere, but that's what the manager told me.
I thought all porsches had the same finance charge, currently .0026, but I just saw a post in the panamera section with a mf of .0016 on a three year lease. Lots of mysteries.
Hopefully carman will clarify, if I was given bad info.
The Porsche Lease rates have gotten really hard to come by. I've been looking everywhere, can't find them...
Still getting great 8-10% off MSRP but the MF - can't get below 0.00225. It seems the 0.00200 is hard to get now although we had seen them around according to the discussions here. The 0.00200 is still the base MF so perhaps the dealers are getting more resistant!
They have all the information posted for the 13's.
http://www.motortrend.com/cars/2013/porsche/911/
i just don't know if these residuals are for 10K, 12K, or 15K. Do you?
This is one of the best times to lease a 911 with high residuals and pretty good discounts available. You can lease a 110-120k C2S for about 1300-1400/month with nothing down other than first month, title and registration fees (with most states's tax included). A C2 is an even better deal as long as you can live with the lower power.