So... Called the dealership with my build.. I told them I used the Porsche Estimator Calculator after building my 4S and then gave them my numbers (Lease Payment that was estimated by Porsche USA Website). HE SAID I WAS $600 off!!!! I'm calling BS! They told me that the Porsche Estimator is NOT to be used. I then went and used Cars.com Lease Calculator and put in amount, money factor, lease months, residual, etc.. and it came out almost exactly like the Porsche USA website. What's going on here??

2013 4S MSRP $110K MSRP after discounts. LEASE 60months = $1250.

How can the Dealership say $600+ is the number with same money factor, etc.. They promise this is with discount and no adding ANYTHING extra.

 

Yeah, this has happened to me as well before when first talking to the dealership. After we sit down and run the numbers in person we always find the discrepancy. I'd be curious to know what the numbers are so I can see where things stand.

 

You have to make sure you tell them exactly what money factor you are using (be careful not to confuse with rate), the residual amount or percentage (keep in mind this changes depending on the allowed mileage), the amount down, correct sales tax for the county where the car will be REGISTERED, not purchased...

 

The lease estimator is just that an estimate. Other factors come into play, such as are the sales tax, lease acquisition fee and motor vehicle included or will this be paid upfront. Usually this can amount to about a couple of hundred dollars. I remember several years ago when estimating my BMW lease, the estimator came up with 610 dollars, but the actual lease s for 920, after sales tax and motor vehicle fees were added.

 

The estimator also does not take into account the credit score that PFS is using for the lease. It uses a "perfect" score.

 

Just a thought - my 991S with 116k sale price is about $1,300 per month (NJ tax) financed for 60 mos. May be better to finance it rather than lease, especially given the low interest rates.

 

Estimator's job is to get u into dealer's door. guess job well done.

 

Sorry to be nosy but did you put much down for that? Thank you!

 

Porsche leases are notoriously bad. Think long about leasing ESPECIALLY since you are looking for 60 months. You might have higher monthly payments financing, but will do much better overall to buy the car due to the high residuals on used porches.

 

I agree with Tantura, i don't see how you got to 1300/mo financing 116k even if they gave you .9%. that would be closer to 2k/mo. Leasing can be a great option for short durations (<36mo) but rarely is it cost effective to do it for longer terms. its easy to compare lease vs. finance when the dealer gives you the money factor and the residual. Just download the excel amortization table to type in finance terms and look at how much you have paid in and how much remains at any given term, then compare that to the lease.

 

I am stunned at how cheap stuff is in the US!

 

I put down $43k.

 

That looks like 5% over 60 months. Not a very good rate given the amount of the down payment. You should have been able to get 1.9-2.9%.

 

Might have been useful to have mentioned that when you posted your payment.

Saying you pay $1300 pcm to finance a $116k car while neglecting to mention that you are actually servicing a loan of less than 65% of the purchase price doesn't make a whole lot of sense.

I could be paying $10 per month for the same car if I put a large enough deposit down.

 

I traded in two cars to get my 991 so I borrowed only about 1/3 of its purchase price. 1.9% via Chase Bank arranged through the dealer, that is also the rate two of my local credit unions are offering.