Residual value for

2 year lease:
PDK: 76% (12% per year depreciation)
Manual: 77%

3 year lease:
PDK: 59% (13.6% per year depreciation)
Manual: 60%

The dealer did the math with the same money factor (0.0024), and the monthly lease payments was indeed cheaper on the 2 year lease than 3 year.

With those calculations, who would do a 3 year lease unless I'm missing something. What is Porsche Leasing thinking?

Is Porsche going to eat the extra depreciation on a 2 year lease or is the 3 year lease people getting "screwed" in the residual value when they turn the car in and the dealer sells it for higher price?

 

FYI - MF was 0.0020 for me when i did my 991 lease this past fall. Although a few dealers did quote me leases with MF at 0.0024, I ended up leasing from a dealer that was able to get me MF of 0.0020. You may want to make sure your dealer isn't charging you a vig on your MF before your pull the trigger.

LEV was 58% 36mo/36mi at the time of my 991C2S PDK 2012 lease this past November. I did get a VERY generous discount off of the MSRP.

 

I am shopping around for the best lease right now and it does indeed appear that the 24 month term is the best in terms of residual.

 

Aren't the numbers similar for resale value or purchased vehicles.. 1-2 years old. Still holds significant value. 3-4 forget it. after 4 (warranty) drops significantly

 

I was going to purchase my 991, but the 2 year Porsche Financial Services lease MF of .0020 (4.8% APR) combined with a 78% residual off the MSRP was too good to pass up. Guess they need 2 year old cars to CPO and re-sell, but I don't see how they can made $ on the deal.

 

yup, that's what I did. was perfect for me because I only wanted a 2 year lease. ended up only paying $300/month more for the 991 base than my 2011 Cayman (also 2 year lease). 12k miles/year should be plenty for a weekend car.

Everything I've read, they're in short supply of slightly used, low mileage vehicles. makes sense, by 2015, a lot of guys will be shopping for low mileage 2013 991s. I know a lot of guys who won't buy a new $100K porsche, but a 2 year old, $80K, they can justify.

 

Is this 2 year lease special only good for the base model, or does it apply to the S too?

And is it possible to apply it to a build rather than a model on the lot? Thanks!

 

from what the dealer told me, it is only for the base model, not the S. ordering shouldn't matter, just whether you can get the dealer to put in an order for you. my impression is, dealers dont like putting in orders for base models since they can make about $30k more in the S models.

 

Can you share your numbers? Monthly and down?

TIA...

 

I got 76% for a fully loaded S.

 

Yes would be interested as well. I was just quoted 0.0024, 0 down, 59% resid on 3yr, 65% on 2yr. this is for a slightly used 2012 991 S. looks like there's no concession on used at all aside from lower cap cost.

 

Keep in mind you can't lock rates for more than 30 days I believe. No guarantee the good lease deals will be available when an ordered car arrives.

 

I was told that their "aggressive" lease rates end in March, which basically takes one out of the running for ordering a car.

 

the 0.0024 was the best i could get from a few dealers i asked - west and east coast. they all had the same line that PFS gave the 0.0020 "special" rate during late 2012 when they were trying to clear the my2012 cars and the 2 years residual special wasn't available then.

now they are doing a 2 year "special" with the residual but higher MF.

I'd be interested to hear anyone leasing in Jan with a my2013 on the 2 year special and a lower MF than 0.0024.

 

i did "sign and drive". basically rolled up all cost (lease acq fee, doc fee, etc) into the cap cost.

2 year lease, 12k miles/year, lot car, base, PDK
MSRP: $96,030
Negotiated: $89,500
Down: $0
MF: 0.0024

Only thing I needed to pay was first months payment to get the car.

not my ideal car, was shooting for a low optioned S in White but nothing was available (geez, they really load up the C2S for lot cars) and needed to close the deal before March for the "special" residual to apply, so ordering build isn't an option as they cannot lock in lease until the car is built and on a boat (thats what they said, to be verified)