991 24-Month Lease Special?
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Joined: Dec 2013
Posts: 7
From: NJ
Rep Power: 0
Need some help with this as well please, have ordered 2014 C4S build completion date is 1/17/2014 all in the MSRP is $122,900 and have negotiated a 6.5% discount against MSRP
I have typically leased my cars over the years but in the case of the 911 I have lusted after one for many years and am likely to hold on to this one until I can afford a 991 Turbo S (also requires that my son graduates college and moves out of home as the insurance would be rediculous)
My initial thinking was to make a one time lease payment on a 24 month lease at 12k miles per year but having read everything here that would be kind of idiotic....
In all likelihood, I will keep this car for a while, having specd it to what I want, and now I'm considering buying but having trouble determining best route.
1) I am willing to put up $50k upfront which would get me a $0 lease for 2 years
2) Use the same $50k and I finance will get me a $1300 pm payment for 60 months
3) I could go $0 down on a purchase which would get me a $2200 pm payment for 60 months
Any thoughts or insights out there?
I have typically leased my cars over the years but in the case of the 911 I have lusted after one for many years and am likely to hold on to this one until I can afford a 991 Turbo S (also requires that my son graduates college and moves out of home as the insurance would be rediculous)
My initial thinking was to make a one time lease payment on a 24 month lease at 12k miles per year but having read everything here that would be kind of idiotic....
In all likelihood, I will keep this car for a while, having specd it to what I want, and now I'm considering buying but having trouble determining best route.
1) I am willing to put up $50k upfront which would get me a $0 lease for 2 years
2) Use the same $50k and I finance will get me a $1300 pm payment for 60 months
3) I could go $0 down on a purchase which would get me a $2200 pm payment for 60 months
Any thoughts or insights out there?
Registered User
Joined: Apr 2013
Posts: 263
From: Los Angeles, CA
Rep Power: 25
Need some help with this as well please, have ordered 2014 C4S build completion date is 1/17/2014 all in the MSRP is $122,900 and have negotiated a 6.5% discount against MSRP
I have typically leased my cars over the years but in the case of the 911 I have lusted after one for many years and am likely to hold on to this one until I can afford a 991 Turbo S (also requires that my son graduates college and moves out of home as the insurance would be rediculous)
My initial thinking was to make a one time lease payment on a 24 month lease at 12k miles per year but having read everything here that would be kind of idiotic....
In all likelihood, I will keep this car for a while, having specd it to what I want, and now I'm considering buying but having trouble determining best route.
1) I am willing to put up $50k upfront which would get me a $0 lease for 2 years
2) Use the same $50k and I finance will get me a $1300 pm payment for 60 months
3) I could go $0 down on a purchase which would get me a $2200 pm payment for 60 months
Any thoughts or insights out there?
I have typically leased my cars over the years but in the case of the 911 I have lusted after one for many years and am likely to hold on to this one until I can afford a 991 Turbo S (also requires that my son graduates college and moves out of home as the insurance would be rediculous)
My initial thinking was to make a one time lease payment on a 24 month lease at 12k miles per year but having read everything here that would be kind of idiotic....
In all likelihood, I will keep this car for a while, having specd it to what I want, and now I'm considering buying but having trouble determining best route.
1) I am willing to put up $50k upfront which would get me a $0 lease for 2 years
2) Use the same $50k and I finance will get me a $1300 pm payment for 60 months
3) I could go $0 down on a purchase which would get me a $2200 pm payment for 60 months
Any thoughts or insights out there?
I'm in a nearly identical situation and have to make that decision when my car arrives in 3weeks. The first question is what is your interest rate if you finance?
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Joined: Dec 2013
Posts: 7
From: NJ
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Figure 3% to 4% interest rate anymore than that and it would be cheaper for me to convert some of my portfolio and pay cash
Registered User
Joined: Apr 2013
Posts: 263
From: Los Angeles, CA
Rep Power: 25
I'm hoping I can get 1.99%. But even at 3-4%, if you finance, i don't see the benefit of putting 50k down, when you could simply put it in a basic fund and gain more (at least for now). So I would eliminate option 2.
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Joined: Jun 2012
Posts: 1,724
From: Pennsylvania
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Penfed.org 1.99% money
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Joined: Sep 2013
Posts: 78
From: North carolina
Rep Power: 16
Need some help with this as well please, have ordered 2014 C4S build completion date is 1/17/2014 all in the MSRP is $122,900 and have negotiated a 6.5% discount against MSRP
I have typically leased my cars over the years but in the case of the 911 I have lusted after one for many years and am likely to hold on to this one until I can afford a 991 Turbo S (also requires that my son graduates college and moves out of home as the insurance would be rediculous)
My initial thinking was to make a one time lease payment on a 24 month lease at 12k miles per year but having read everything here that would be kind of idiotic....
In all likelihood, I will keep this car for a while, having specd it to what I want, and now I'm considering buying but having trouble determining best route.
1) I am willing to put up $50k upfront which would get me a $0 lease for 2 years
2) Use the same $50k and I finance will get me a $1300 pm payment for 60 months
3) I could go $0 down on a purchase which would get me a $2200 pm payment for 60 months
Any thoughts or insights out there?
I have typically leased my cars over the years but in the case of the 911 I have lusted after one for many years and am likely to hold on to this one until I can afford a 991 Turbo S (also requires that my son graduates college and moves out of home as the insurance would be rediculous)
My initial thinking was to make a one time lease payment on a 24 month lease at 12k miles per year but having read everything here that would be kind of idiotic....
In all likelihood, I will keep this car for a while, having specd it to what I want, and now I'm considering buying but having trouble determining best route.
1) I am willing to put up $50k upfront which would get me a $0 lease for 2 years
2) Use the same $50k and I finance will get me a $1300 pm payment for 60 months
3) I could go $0 down on a purchase which would get me a $2200 pm payment for 60 months
Any thoughts or insights out there?
Registered User
Joined: Jul 2013
Posts: 52
From: Atlanta
Rep Power: 15
No go. you're numbers are right. the residual on a '13 C2S Cab on a 24 Month/10K is 62%. i waited one month too long on the '13's
i think i'm better off going after a '14 with the 70% and trying for 8-10% off. maybe wait until January to see if they roll out any programs for the 911.
i think i'm better off going after a '14 with the 70% and trying for 8-10% off. maybe wait until January to see if they roll out any programs for the 911.
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Joined: Jul 2013
Posts: 52
From: Atlanta
Rep Power: 15
What did they say about the January residuals?
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Joined: Apr 2013
Posts: 263
From: Los Angeles, CA
Rep Power: 25
So I went to the dealership and got number updates. The MF was 0.0022 (it sounds like many dealerships may do 0.002). This one won't budge on theirs.
For a 2014 C2S 7MT in January
24mo 10k miles = 72% residual, 12k miles = 71%
27mo 10k = 70%, 12k = 69%
36mo 10k = 59%, 12k = 58%
For a 2014 C2S 7MT in January
24mo 10k miles = 72% residual, 12k miles = 71%
27mo 10k = 70%, 12k = 69%
36mo 10k = 59%, 12k = 58%
Registered User
Joined: Jul 2013
Posts: 52
From: Atlanta
Rep Power: 15
So I went to the dealership and got number updates. The MF was 0.0022 (it sounds like many dealerships may do 0.002). This one won't budge on theirs.
For a 2014 C2S 7MT in January
24mo 10k miles = 72% residual, 12k miles = 71%
27mo 10k = 70%, 12k = 69%
36mo 10k = 59%, 12k = 58%
For a 2014 C2S 7MT in January
24mo 10k miles = 72% residual, 12k miles = 71%
27mo 10k = 70%, 12k = 69%
36mo 10k = 59%, 12k = 58%
Thanks for the info. Looks like the residuals are about the same as last month.
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Joined: Dec 2013
Posts: 353
From: Atlanta
Rep Power: 28
Well that is not a particularly aggressive deal imho. Assuming it is a c2 base given the price. I was at 1150 per month with nothing down and 15k per year. Which included a 6.5% discount and the base rate .002. I should mention I used the 2400 conquest incentive to cover tax upfront.
Dealers are always quick to give you a payment that sounds effective by raising the cap reduction. Then they say something like, "5k down, which isn't bad on a 100k car, yada yada yada" But its a huge deal on a short lease, we are talking 20% of the entire cost over two years lol. At least in my experience with the first stages of negotiations. My salesman just forwarded me directly to the finance manager at the end of the deal, at which point he told me nobody ever had the payment down to the penny coming in before. I then explained I had a stack of finance degrees and this was as straightforward a calculation as they come. He said his education was not in finance but he knows cars. They gave me the deal and moved on.
Dealers are always quick to give you a payment that sounds effective by raising the cap reduction. Then they say something like, "5k down, which isn't bad on a 100k car, yada yada yada" But its a huge deal on a short lease, we are talking 20% of the entire cost over two years lol. At least in my experience with the first stages of negotiations. My salesman just forwarded me directly to the finance manager at the end of the deal, at which point he told me nobody ever had the payment down to the penny coming in before. I then explained I had a stack of finance degrees and this was as straightforward a calculation as they come. He said his education was not in finance but he knows cars. They gave me the deal and moved on.
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Joined: Oct 2011
Posts: 217
From: Canada
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"not like 6 years ago" they say. Anyone get a discount on an ordered '14 from Pfaff or DFC?