991 3.4 lease rates
Registered User
Joined: Oct 2011
Posts: 53
From: Los Angeles
Rep Power: 17
9% is possible but pushing it especially with a .002 MF. I signed a lease at end of June here are the details: 7.5% off MSRP, .002 MF, 7500 miles/year, 72% residual on a '13 C4S w/ MT. I pushed pretty hard to get these numbers and while 8% may have been possible, it wasn't worth the additional time it would have taken. Dealership was willing to give 8.25% discount but wanted to charge a .0022 MF. Two dealers confirmed the following residuals:
24 @ 7.5 (72% MT, 73 PDK)
24 @ 10 (71, 72)
27 @ 7.5 (70, 71)
27 @ 10 (69, 70)
According to these dealers the PDK actually 1% higher than MT. If anyone knows differently, please share your information.
24 @ 7.5 (72% MT, 73 PDK)
24 @ 10 (71, 72)
27 @ 7.5 (70, 71)
27 @ 10 (69, 70)
According to these dealers the PDK actually 1% higher than MT. If anyone knows differently, please share your information.
Registered User
Joined: Apr 2013
Posts: 103
From: ca
Rep Power: 21
Why would the residual be any better. The car would be 1yr older and have more miles. When I asked about the 36 month payment during my deal. The payment went up not down. 24 months is the best. You will have less service on the vehicle and most likely wont even have to put tires on the car. 27 months is a scam. You will be paying for another year worth of registration and only have the car for 3 months over a 24 month lease. Anyone else have any other knowledge in the matter. Would like to hear more thoughts?
Registered User
Joined: Jul 2013
Posts: 88
Rep Power: 20
Getting the 0.002 MF is like pulling teeth. It's either $10k off or a better MF. I haven't been able to get both a great % MSRP and the 0.002 MF.
I thought negotiating on a 991s was hard. Man, today I tried phone calls for a base 991 and it's brutal.
Sales reps basically tell me, I won't give you a great price because the base 2013 991 is on promotion and there is a lot of demand. So in other words, I won't give you a sale because the car is on sale...
I thought negotiating on a 991s was hard. Man, today I tried phone calls for a base 991 and it's brutal.
Sales reps basically tell me, I won't give you a great price because the base 2013 991 is on promotion and there is a lot of demand. So in other words, I won't give you a sale because the car is on sale...
Registered User
Joined: Oct 2011
Posts: 53
From: Los Angeles
Rep Power: 17
Yes the residual is worse on a 36 month vs 24 month. If you think about it.
Why would the residual be any better. The car would be 1yr older and have more miles. When I asked about the 36 month payment during my deal. The payment went up not down. 24 months is the best. You will have less service on the vehicle and most likely wont even have to put tires on the car. 27 months is a scam. You will be paying for another year worth of registration and only have the car for 3 months over a 24 month lease. Anyone else have any other knowledge in the matter. Would like to hear more thoughts?
Why would the residual be any better. The car would be 1yr older and have more miles. When I asked about the 36 month payment during my deal. The payment went up not down. 24 months is the best. You will have less service on the vehicle and most likely wont even have to put tires on the car. 27 months is a scam. You will be paying for another year worth of registration and only have the car for 3 months over a 24 month lease. Anyone else have any other knowledge in the matter. Would like to hear more thoughts?
thanks
Registered User
Joined: Jan 2011
Posts: 1
From: NY
Rep Power: 0
Hello
Registered User
Joined: Nov 2004
Posts: 856
From: THE Orange County
Rep Power: 109
Yes, I know the residual should be lower for 36 months but the bottom line is my monthly payment. Is it significantly higher or within $100 / month? 24 month seems too short to enjoy a new car but again, I do get sick of my car after 2 years and waiting anxiously for the 3rd year to be over soon.
thanks
thanks
Let me break it down.... Ill use residuals for July:
MSRP of car is 119000 (mrm is 119800 so we are fine)-
Cost is 119000 (if its lower the payment will be lower for both terms)
997 C2S
15k miles per year
6 speed
24 month residual is 71%
36 month residual is 56%
For this excercise Im just going to use the same net cap for both and we will just assume taxes/reg are paid on the side (California non upfront state)
24 months: Net Cap (sales price) is 119000 minus residual times msrp or 84490-- equals 34510 in depreciation/term equals base pmt of 1437.92 plus service charge of (residual plus price times .00200) which is 406.98- payment is 1844.90 plus sales tax each month.
36 months: Net Cap (sales price) is 119000 minus residual times msrp or 66640-- equals 52360 in depreciation/term equals base pmt of 1851.11 plus service charge of (residual plus price times .0020) which is 371.28- payment is 2222.39 okys sakes tax each month.
Clearly the depreciation is causing the payment to be that much more at 36. Now most higher line cars do not come close to this residual percentage at 24 months so its much smarter to lease a car at 36--- but PFS has a marketing ploy in effect for 2013's.
Registered User
Joined: Apr 2013
Posts: 103
From: ca
Rep Power: 21
Yes, I know the residual should be lower for 36 months but the bottom line is my monthly payment. Is it significantly higher or within $100 / month? 24 month seems too short to enjoy a new car but again, I do get sick of my car after 2 years and waiting anxiously for the 3rd year to be over soon.
thanks
thanks
AoshichanX, Stick with it. If the car is sitting inventory and they don't have to order it from
another dealer then they'll want to move it. I had to fly up to San Francisco to get my deal.
I live in LA also. It was worth it though. I had a nice drive home. Talk to Brett at Sonnen Porsche.
Check to see it they have what you want. He's a nice Aussie. Tell him John with the Black C2 sent you.
I pounded him pretty hard on everything I wanted. Sucks you have to do that but you got to be happy with your deal.
Last edited by 911F1; Jul 29, 2013 at 06:03 PM. Reason: More to say
Registered User
Joined: Jul 2013
Posts: 88
Rep Power: 20
So if it all works out, I'll probably be in a 991s after a year or so.
Registered User
Joined: Jun 2008
Posts: 1,076
From: SF Bay area
Rep Power: 83
Just spoke to my local dealer about a leftover 2013 C2S Cab. He quoted an MF of .0032 (7.2%!). Said he hasn't seen .002 in 'years'.
Car is already discounted a decent amount $15K but it seems they want to make all that back in the lease...
Two LA dealers also had 2013 cars discounted almost as much and quoted me .0023 MF.
Oh the joys of doing business in the Bay area.
Car is already discounted a decent amount $15K but it seems they want to make all that back in the lease...
Two LA dealers also had 2013 cars discounted almost as much and quoted me .0023 MF.
Oh the joys of doing business in the Bay area.
Registered User
Joined: Jun 2008
Posts: 1,076
From: SF Bay area
Rep Power: 83
In my response to him via email I stated that I had two dealers this week at .0022.
Guess what, he called me back 10 min later and said he'd match that rate - shocking, I tell you!
Guess what, he called me back 10 min later and said he'd match that rate - shocking, I tell you!
Registered User
Joined: Apr 2008
Posts: 191
From: BAY AREA
Rep Power: 26
IttTtSeems a little shady. All of the dealers in the Bay Area I dealt with were solid since Porsche Finance spells out most lease deals.