You don't lose your down payment if you wreck the car. It simply gets repaired and you continue leasing the vehicle. NO loss at all.

Even if you total the car or it is stolen you don't "lose" the down payment. That is an urban legend started by someone that does not understand leasing. If you put money down, you are in the same or a better position than if you financed the car or paid cash. It all depends on the market value and lease buyout when you take a total loss. If the market value is higher than the lease buyout (ieurchase price less down payment less payments made), then you actually get a check from the insurance company for the difference between the market value and the lease payoff. If the market value is less than the lease payoff, then you get nothing back (because the lessor has GAP insurance to cover that kind of a loss). If you had financed the car instead of leased the car, you would have to make up the difference between market value and loan payoff.

Putting a down payment on a lease is not a bad idea. You actually save the interest over life of the lease on the amount of the down payment. With the Porsche interest rate at about 4.8%, it is actually a pretty good idea to make a down payment. You can also lower your interest rate by making a down payment in some cases.

I actually made a single lease payment on my new BMW 550 (36 mo lease with 15k miles per year). Saved about 2k in interest. I used my trade plus a couple of grand in cash. If the car is totaled, I get some of my money back because my buyout will be less than market value until the end of the lease (in theory, the residual value should equal market value on the last day of the lease so the market value will always be higher than the payoff until the last day of the lease).

 

Correct but you get a reduced money factor and interest only accrues on the payoff. You save the interest on the down payment.

Prepay is not a bad option.

 

Try Atlanta. 8% is definitely doable on an order. Had one at 8% off that I had to cancel due to health issues.

 

Found a car I want finally, msrp of $103k, negotiated $97k. Definitely leaning towards lease (partial business deduction/less capital out of pocket over 24 months to maintain liquidity), which option is better:

1. 10k mi/yr. $7k down. Drive off, $10300. Monthly $878. Total over 24 mo (payments+down) = $30,500
2. 10k mi/yr. $0 down. Drive off: $3k. Monthly $1263. Total over 24 mo = $32,100

Is the $1600 savings worth it to put more down? (Let's assume I don't total the car and end up fulfilling the 24 months).

 

just got my 991 carrera from my good buddy colt there. $830 a month for a 27 month lease

 

Sorry to re-post but my deal was $947 per month for 24 months with $2400 out of pocket. 7500 miles per year. Sticker was $96,875. I did also qualify for $3k worth of conquest cash towards my lease so that helped.

 

What is 'conquest cash' and how does one qualify for it?

Thanks.

 

My C2 cab is 27 months, $1268/month, first months payment down, sticker $116885. 27 months is perfect right now because you essentially get 3 summers of fun!

 

PFS gives you 3 months up to $1500/month if you are currently leasing a competitor's car. Turn in of the car is not required. you do have to show proves, such as statement, insurance..etc

 

Are the same lease deals available for the C2? Anyone get a great deal they want to share. Thanks.

 

Thoughts ...

C2S Cab
7500 miles per year
$2500 drive off

MSRP - 126K
Discount - 11.9%
Residual - 72%
MF - 0.0022
Term - 24 months

Net Cap cost - 111,028
Residual - $90,738
Depreciation - 20,290
Base Monthly - 845.42
Monthly Finance Fee 443.
Monthly before tax - 1289.

 

Seems very aggressive, is this a 2013?
I got two competing offers similar to yours (on c2s) with 9-10% off msrp and .002 mf all for MY2014. So if your numbers are on 2014, I have more negotiating to do

I live in a very competitive marketplace and have around 8 dealers in less than 2 hrs.

GL

 

2013 - Sounds like I need to negotiate more.

What are you lease details at this point?

 

If you live in Ca you are paying for an extra year of registration. If you want lease, get them in yearly increments.

 

[QUOTE=997xpress;3959781]


MF - 0.0022
[QUOTE]

Base MF is .002. No reason to pay more.