Looking for a 6-Speed Cayman with an MSRP of around 72k. I'm wondering what deals you guys are getting for leasing the car for 3 yrs, 36k miles, just drive off. Is it totally unreasonable trying to get the car down into the 700's?

Thanks

 

No one have any info?

 

Unless you put a lot of money down you won't get into the 700's - no way, even with the discount that can be had on a '09 CS.
Actually, it's very easy to calculate what it's going to cost you. Find a residual and MF and you'll have your number.

Without even looking at residuals and current MF, and assuming you'd get 10% off MSRP (so the car is negotiated down to $65000), and have excellent credit to qualify for the best rate I'd guess with 0 down you're looking at very high 800s low 900s.

 

Thank you! I'll keep that in mind when negotiating.

 

Jack daniels Porsche has several NEW 08s cayman s for lease at 554 a month. Unfortunately non of them have chrono or pasm or else I'd be in one now

 

What's the down payment? I seriously doubt it's 0 down and they probably require some substantial money down if you want $554/month. If I'm wrong my advice to you is to take two and screw PASM and SC

 

The asking price was 50999. The salesman told me 2000 down, first months payment, tax and DMV fees. I just don't want to settle for one that does not have the options I desire.

 

The dealer in Toronto Ontario (Canada) was offering a PDK BLK BLK Caymen (Not the S) at a $10,000 discount. The MSRP was about $73,000 CAD.

I realise that these numbers don't translate directly to USD but it should give you an idea of what to shoot for. I still agree that without substantial downpayment (kinda silly if you ask me unless you're able to write the lease off) you won't get into your payment goals.

G'luck!

 

Even with $2k down that is a smoking deal

 

Thinking about it, PFS must either be very desperate to move those cars and treats them as the new models or something is not right here. These cars are already 1 year old so the residuals must be lower.

Assuming cars are fairly basic and MSRP=$63000
-Cap cost: $49000 (51k - 2k down)
-Residual: $23310 (4 year residual for 10k miles/yr is 40% of MRSP - warranty ends so I guess residual value plummets as opposed to 56% on 3 years old car)
-depreciation: $23800 ($661/month x 36 months)
-finance fee (7.68% for 4 year old cars; 3.5% on 36 month lease) = $231/month
Total depreciation and finance fee = $661 + $231 = $892 (pre tax)

I'm not even including title, license, dlr svcs fees.

Residual of 4 years old car at the end of the lease would kill it, so either PFS is treating these cars as new and artificially raising res. value and offering lowest possible MF or there is something not quite right about the story.
Is it Paramus or Nanuet dealer offering this?

If this is true I seriously recommend to jump on this and screw the options. Heck, put the PSS9 instead of PASM and Softronic instead of ugly SC and you will still be ahead.

 

ok. My bad. It's labeled used with 19 miles. I copy and pasted this off of autotrader.
$49,999
Mileage: 19

Used 2008 Porsche Cayman S
17 Photos
Carrara_White
6 Cylinder Gasoline
Original price $64095.00 Buy for $50999.00. Payment as low as 559/month. Subject to primary lenders approval. Call Now for details (201) 368-7300. This White Cayman S with Black leather interior. Preferred package plus, self-dim mirrors and... View more details
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19 miles used... probably a demo model. I stay away from demo models.

 

what can possibly happen in 19 miles, besides it has a warranty.....

 

LOL only 19 miles, not 19,000 LOL Dealers sometimes have to buy the car from Porsche (mark it sold) in order to get the rebate money, if they don't they can lose it and then they are stuck with the last year's model and no money to entice the customer.

I did a deal last year on a remaining 08 S, 64K MSRP negotiated down to around 50K, $4000 total out of pocket 595/month 36 months lease/10K miles per year.

 

I'm just OCD about my break in periods. I know in 19 miles, even driven hard, the car couldn't be ruined (hopefully), but I personally wouldn't chance it. What you guys do is up to you.