Hi guys,

Ok so I'm thinking of pulling the trigger on this 2013 C2S for my 30th birthday tomorrow were still trying to find out if the car is 100% available but he did a search and it came up. I think I can get a better deal, but here is what's quoted:

24 month lease
5k drive off (cap reduction of 1800)
3% off msrp
residual 75%
Money factor .00273
Monthly payment before taxes 1833 (1998 incl. taxes)

I am leasing for two years because I have my sights set on a 991.2 targa S hopefully by the summer of 2015. This car doesn't have everything I'd have ordered but I think it's got the essentials and I can't complain for my first porsche. I will have something to look forward to when I get the next one with pdcc, power kit and burmester.

What do you guys think a good deal would be?
Please let me know your thoughts, i'm not too good w lease numbers, though i'm going to try to play around with a lease calculator now. Here is the spec:


11 Carrera S 98,900.00

2 0Q White 0.00

3 AZ Black leather interior 3,690.00

4 UN1 Online Services 210.00

5 653 Sunroof in glass 1,990.00

6 640 Sport Chrono Package 1,850.00

7 583 Smoking package 0.00

8 425 Rear windshield wiper 360.00

9 176 Sport Exhaust System 2,950.00

10 022 Instrument Dials in Black 0.00

11 P39 Prem Pkg Plus w 14-way seats 2,330.00

12 P37 BOSEŽ Audio Package 2,420.00

13 P06 Power Sport Seats (14-way) 2,320.00

14 XXD Door sill guards in carbon, illuminated 1,295.00

15 XSC Porsche Crest on headrests 285.00

16 XRT 20-inch SportTechno wheel 1,355.00

17 XHM Center console trim Carbon 630.00

18 XHL Mu-Fu steering wheel Carbon 1,250.00

19 EEG Carbon pkg (leather/manual) 1,990.00

20 ZAB Ornamental Porsche Crest 0.00

 

You said the list price of the car is

List price of car 121,375


How do all those options add up to 121,375

 

I think you can get more than 3% off MSRP. I'm getting 2% off my ordered 2014 and I understand that 2013 cars in inventory are usually sold for 4 - 7% off list.

 

Your right I think I made a mistake when I wrote it down thanks for noticing. It seems to add up to 123,825 although I'm trying to get a hold of my guy to ask if this is correct. The monthly costs are correct though, he was just speaking fast and I wrote it down in my car so looks like I made a mistake when he said the list price.

 

Thanks, that's what I'm thinking too. I know I can get 5% off msrp, just curious if there's anything else about the deal I should try to get down. I have good credit, what is the money factor people seem to be getting nowadays?

 

A money factor can be translated into the more common annual percentage rate (APR) interest by multiplying the money factor by 2,400. That means they are charging you about 6.55% interest on the transaction amount plus the 2 years' depreciation of 25% of the MSRP. Sounds reasonable but the money factor is probably also negotiable.

 

Right, I remember hearing a few months ago that people were getting .0020 money factor. Maybe I should try for that and 6% off msrp? It's not an ordered car so hopefully they want to move it to make way for the 2014's.

 

That is not a good deal. A month ago, I got a 9% discount and a money factor of .0015 for a 2 year lease on a 2013 C2S on the lot.

 

The money factor seems a little high. If you have good credit you should be able to get it a little lower. For the discount off MSRP, hard to say. The San Francisco economy and demand/supply is a lot different than other areas of the country. I got 3% without negotiating (also from SF) so I think you should be able to get a little more off if you really negotiate. But I'm not sure if you can just go in and get 9%, unless you are truly willing to walk away.

 

you should be able to get another couple % off MSRP

 

Thanks for the input guys. Also I forgot to mention that I don't have a long commute and so I will be doing the 7500 miles per year plan, so less driving than most folks.

 

You're getting raped on the MF. Like offensive. No more thn .002. Also payment seems high. I'm paying much less for a C4S with a much higher MSRP.

 

haha I thought it was high too.. I think they start high probably because they know your going to try to haggle. Good to know better deals are to be had.

 

Spend 10 minutes and learn the ins and outs of the lease calculation using the online calculators. Eyeballing the numbers is exactly what they want you to do and you will get bent over if you do so.

You should demand the base rate .002 (4.8%). Nearly everyone qualified to lease a 120k car in the first place is qualified for the prime rate. I would also accept no less than 5% off and be working towards a goal of 7%. I have been told that CA dealers have a tighter grip on the pricing, and SF would seem to be an easy market to sell 120k porsches in. Thus, do not let people saying I got 8% deter you for settling on 5-6% off.

The gentleman who received mf of .0015 was likely an existing porsche financial customer. As I recall they threw out that awesome deal to people currently in 911 leases, thus you should not expect to get that rate.

Good luck and make it happen.

 

Thanks for all the input everyone, some great points being made. I know 8-9 % off in the Bay Area is near impossible. I (finally) understand the lease calculator now and ill be shooting for 7% off msrp and a money factor of .002. That would bring monthly payment incl. taxes to around 1800 which would be great. (Much better than the quoted 2k per month)