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Porsche Cayman Lease Questions
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You need to get ALL of your facts straight. The TT coupe (not roadster), 4-cylinder (not V6), front wheel drive (not quatro) weighs in at 2,965 lbs. Which IS still heavier than the Boxster (a roadster), Cayman and S2000.
The V6 Quatro version of the TT coupe weighs in at 3,218 lbs, which is 100-150 lbs more than a 911 coupe. The roadster version of that model TT is up at least another 100 lbs.
If you want to contend that the anemic 4 cylinder, FWD TT coupe is not a pig becuase it slides in at just under 3,000 lbs, that's up to you. But pig or not, that car is absolutely NOT A SPORTS CAR, unless you also define the New Beetle as one. By the time you give the TT, coupe or roadster, the proper engine and Audi's stubborn, heavy quatro only alternative to FWD (where's RWD?) you are back to comparing it to farm animals relative to weight.
I believe in calling a pig a pig. You may want to consider the piglet version less offensive, but it's more competitive with econoboxes in performance than any of the other cars we are discussing here.
Trying to decide between a Caymans S, one with a color I like but has no chrono vs another color which is my second choice but with chrono which is better?, Is it true the sweet engine sound is a little different with the chrono? This is once in life time purchase for me and want to make the right choice.
Or if for some reason, you can't drive the one without the sport chrono, drive one with the sport chrono and decide if the difference between activating the "sport" button is worth taking your second choice in color.
I can't tell if there is a difference in engine sound with just the sport chrono because I also have the sport exhaust which is also activated by pressing the sport button. There is a big difference with the sport exhaust, but I don't think much, if any without. The "sport" feature on the sport chrono increases the throttle and braking response. It is quite noticable in my 911S. It may not add to the objective performance figures, but subjectively the car feels quicker.
Do either/both have PASM as well? That's standard on the "S" version of the 911, but I believe an option on the Cayman S.
The dealership has told me that the MSRP on the base is $53,760 and they'll sell it for $47,400. With 2500 down the payments for 12k miles/48 months will be $690/month. Is this a good deal? Seems high to me.
The used Cayman S has 12500 miles on it, PASM, PCM, Bose, 19" wheels, Sport Chrono plus etc. They are listing it at $54,900. This seems to be a great price.
Any recommendations would be greatly appreciated
Porsche lease rates are expensive, compared to say, BMW. If you would buy the Cayman S, why wouldn't you do the same with the base Cayman?
Paying cash is something I've been doing since my first new car in 1978. Not necessarily the most financially prudent way to pay for a car, but it's kept me from ever buying more than I could afford and there is no monthly pain.
Thanks.
I too was drawn to the dealer by this lease add.
Since then I have decided that I am interested in the following Cayman:
Base Cayman 5 speed with no upgrades other than the Arctic Silver Paint, 18" Cayman S wheels and some floor mats.
My credit is excellent, (above 800)
I was quoted the following:
52,300 MSRP
48,789 Sale Price
3000 down
48 Month Lease
10K Miles per year
$722.35 total monthly payment in CA (w/Tax)
We hashed through so many different scenarios that I am not sure if they are taking into account about 2K in equity I have in my trade in this calculation or not.
Miles aren't really an issue for me as I have another car, this is the weekend fun and trip car.
I have played with the leasing calculator on the site, but still not sure if I am plugging the numbers in correctly
Some have suggested that I save up more cash for a down payment and buy the car using extended financing such as a 72 Month loan.
Any suggestions and guidance would be greatly appreciated.
I love it!!!
Can you shed some light on MSRP, Sell Price, residual, and money factor?
Sounds like I can work myself a better deal.
If so I may get my Cayman after all.
Sale Price $48,500
Trade in $21, 500
Amount owed on Trade in $22300
Down Payment $2800 (including first month)
Residual $35220
Monthly payment $663 (includes negative equity for trade in)
Not sure what they money factor is.
Hope this helps
Sounds like I should be able to work a better deal than offered the first time around.
I'm looking for suggestions on a Cayman Lease.
So far this is the car I am looking at, though I did find one slightly more expensive with the heated seats, xenon lights and stereo upgrade that is an option also.
Base Cayman 5 speed with no upgrades other than the Arctic Silver Paint, 18" Cayman S wheels and some floor mats.
My credit is excellent,
I was quoted the following:
52,300 MSRP
48,789 Sale Price
3000 down
48 Month Lease
10K Miles per year
$722.35 total monthly payment in CA (w/Tax)
We hashed through so many different scenarios that I am not sure if they are taking into account about 2K in equity I have in my trade in this calculation or not.
Miles aren't really an issue for me as I have another car, this is the weekend fun and trip car.
I have played with the leasing calculator on the site, but still not sure if I am plugging the numbers in correctly
Some have suggested that I save up more cash for a down payment and buy the car using extended financing such as a 72 Month loan.
Any suggestions and guidance would be greatly appreciated.
The selling price that you were quoted for the Cayman that you are interested in looks reasonable to me, but it probably wouldn't hurt to comparison shop with another dealer or two to see if that is the best that you can do on this model in your area. Also, make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "Porsche Cayman: Prices Paid & Buying Experience".
Once you arrive at a selling price that you are comfortable with, have the dealer that gives it to you calculate your monthly payment using Porsche Credit's buy rate lease money factor of .00310.
Car_man
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Prices Paid Forum
I am considering leasing a 2008 Cayman (in California) with a MSRP of $51,845. I haven't gone in to see the car yet, but plan to do so this weekend and if the price is right, I'll lease it. I talked to a salesman on the phone today and he said that he could get my monthly payment (on a 10,000 mile, 36 month lease) to be at or just below $800 per month, including taxes, with $3000 down. There is no trade in here. This seems a bit high to me; is it? How can I negotiate a better deal (I'd like to get the car at around $650 a month with the same or less down)- what is a realistic expectation?
Thanks again for your help!
By my calculations, you would be spending nearly $32,000 over 3 years to "rent" a car that would only cost about $52,000 to purchase outright (figuring the sales tax would be mostly offset by a 7+/-% discount off MSRP). Hell, why don't you just go the extra $20k and purchase it? Even at $650-700 per month instead of $800, you are still paying over half of the price of the car over a 3 year/30,000 mile lease.
Unless there is an overriding reason why it makes sense to lease (100% tas deductable business expense) it doesn't make sense to me. And the way I look at it, if I couldn't afford to pay cash for my current 911S or previous Honda S2000, I shouldn't be getting it. They are a discretionary purchase, after all. Just my perspective, for what it's worth or not.
MSRP - 54, 760
Sale Price $48,500
Trade in $21, 500
Amount owed on Trade in $22300
Down Payment $2800 (including first month)
Residual $35220
Monthly payment $663 (includes negative equity for trade in)
Not sure what they money factor is.
I would be happy to give you my opinion of this deal if you tell me what this car's selling price is.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks for all your valuable info.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
2007 Cayman
MSPR $56000
Selling price : $46000
TDO : $4000
Montly payment : $618 + tax
Residual : $31000
What do you think, Car Man?
MSRP 53,490
discounted to 45,900
5200 total down
36 month lease $679 (includes taxes)
Is this a good deal?
I think it may be too much down.
What is the current money factor?
Any help is appreciated
My local Porsche dealer quoted a money factor of .0027 and a residual of 62% for a 36 month, 10,000 mile lease for a base Cayman. Have they marked up the rate? The Cayman lease advertised on the Porsche website appears to have a money factor of .0025 and a residual of 62% for the same terms. Also, can anyone advise on the price, i.e. how close to the invoice should I expect to pay? Thanks!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks in advance.
Cayman 61% residual, MF = .0026
Cayman S 59 % - same MF
Now he just gets a check and no money on the backend.
Thanks hannab!
15kmiles/year $539+tax
18kmiles/year $596+tax
36months
MSRP 51000
Negoitated down to 47000
Residual 53%
MF .0030
5900 down
Is this a good deal?
Also, the money factor that you were quoted is a little on the high side. Porsche Credit's current buy rate lease money factor is .00250 for consumers who qualify for its top credit tier. See if you can get the dealer to use that factor to calculate your car's payment.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Payment on your car should be about $590 with ZERO down.
Does anyone know what a good lease (mf, residual, etc) for 24 months on a Cayman 2008 should be? i'm looking at one with an msrp of about 55k with a cap cost of 51k.
thank you!!
I am not personally familiar with what the market is like for the Cayman in your area right now, but I can tell you that business at Porsche dealers in general is very, very slow right now. Shoot for as close to dealer invoice as possible when negotiating your selling price on this car. You can look up the invoice price of the exact model that you want by visiting the New Vehicle Pricing section of Edmunds.com.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The deal was as follows:
MSRP- 57,270
Gross Cap Cost - 50,247 (12.25% discount from MSRP)
Residual- 33,216 (58%)
MF - .00146
Months - 36
Miles/yr- 10,000
pmt- $597
I paid taxes, acq & doc fee up front, but put no extra money towards Cap cost.
I'm happy with the deal, and VERY happy with the Porsche!
Where are you located? Would love to bring these numbers into my dealer.
Thanks,
Is the 0.00146 money factor available on Boxster leases too or just Caymans?
Thank you.
Enjoy your new ride :shades: !
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thank you for your very informative posts. I'm looking to lease a new Porsche Cayman with a deal similar to 9squaregrid's. The dealership i'm in negotiations with is giving me the .00146 mf and the car is approx. $58k, i'm trying to get the cap cost lowered to invoice but the guy keeps telling me "porsche doesn't go into invoice territory". What should I do to get him to drop the price down to $50-51k? Should I try another dealer? I need to get a new car by friday, saturday at the latest.
Thanks CarMan
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
what was the msrp on the car?