991 residuals and MF
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Porsche Financial Services' April buy rate lease money factor and residual value for a 36-month lease of a 2012 911 S Coupe with 10,000 miles per year are .00200 and 59%, respectively for consumers who qualify for its top credit tier.
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I think he would need it for May...
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Thank you
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What does this mean?
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If the money factor is 0.00200 you multiply that figure by 2400 and that gives you the approximate interest rate that you will be paying. In this case, 0.00200 times 2400 equals 4.8% interest rate per year. The residual value (59%) means that the financial institution assumes that the vehicle will be worth 59% of its original price at the end of the lease. So if the vehicle purchase price is $100k and the residual value is 59%, then the bank/financial institution assumes that the vehicle will be worth $59k at the end of the lease (i.e., will depreciate $41k in three years).
The 10k miles per year limit on a 36 months lease means that you are allowed to drive the vehicle up to 30k miles during the term of the lease (3 years) without incurring any penalty. However, you will pay extra for every mile driven above the 30,000 miles limit. (Btw, the mileage charge can get expensive in a hurry; sometimes you can prepay for extra miles at a lower rate/mile).
The 10k miles per year limit on a 36 months lease means that you are allowed to drive the vehicle up to 30k miles during the term of the lease (3 years) without incurring any penalty. However, you will pay extra for every mile driven above the 30,000 miles limit. (Btw, the mileage charge can get expensive in a hurry; sometimes you can prepay for extra miles at a lower rate/mile).
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If the money factor is 0.00200 you multiply that figure by 2400 and that gives you the approximate interest rate that you will be paying. In this case, 0.00200 times 2400 equals 4.8% interest rate per year. The residual value (59%) means that the financial institution assumes that the vehicle will be worth 59% of its original price at the end of the lease. So if the vehicle purchase price is $100k and the residual value is 59%, then the bank/financial institution assumes that the vehicle will be worth $59k at the end of the lease (i.e., will depreciate $41k in three years).
The 10k miles per year limit on a 36 months lease means that you are allowed to drive the vehicle up to 30k miles during the term of the lease (3 years) without incurring any penalty. However, you will pay extra for every mile driven above the 30,000 miles limit. (Btw, the mileage charge can get expensive in a hurry; sometimes you can prepay for extra miles at a lower rate/mile).
The 10k miles per year limit on a 36 months lease means that you are allowed to drive the vehicle up to 30k miles during the term of the lease (3 years) without incurring any penalty. However, you will pay extra for every mile driven above the 30,000 miles limit. (Btw, the mileage charge can get expensive in a hurry; sometimes you can prepay for extra miles at a lower rate/mile).
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Is Porsche still offering lower mileage terms - say 5,000 or 7,500/year? If so, anyone know the residuals for those terms? Also, anyone know the residuals for the base 991 coupe as opposed top the 991S?
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If you have excellent credit, you should ask for the buy rate .002 money factor.
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If the money factor is 0.00200 you multiply that figure by 2400 and that gives you the approximate interest rate that you will be paying. In this case, 0.00200 times 2400 equals 4.8% interest rate per year. The residual value (59%) means that the financial institution assumes that the vehicle will be worth 59% of its original price at the end of the lease. So if the vehicle purchase price is $100k and the residual value is 59%, then the bank/financial institution assumes that the vehicle will be worth $59k at the end of the lease (i.e., will depreciate $41k in three years).
The 10k miles per year limit on a 36 months lease means that you are allowed to drive the vehicle up to 30k miles during the term of the lease (3 years) without incurring any penalty. However, you will pay extra for every mile driven above the 30,000 miles limit. (Btw, the mileage charge can get expensive in a hurry; sometimes you can prepay for extra miles at a lower rate/mile).
The 10k miles per year limit on a 36 months lease means that you are allowed to drive the vehicle up to 30k miles during the term of the lease (3 years) without incurring any penalty. However, you will pay extra for every mile driven above the 30,000 miles limit. (Btw, the mileage charge can get expensive in a hurry; sometimes you can prepay for extra miles at a lower rate/mile).
Close but not exactly the 59% number is a percentage of msrp and not the gross cap cost (the gross price you would pay prior to any monies reducing said price). The net cap price of your car (after any down) minus the residual divided by term yields your base depreciation prior to the money factor and taxes added in.
You want this percentage to be part of msrp because that means a higher residual and less depreciation thru the term.
