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Old Oct 19, 2013 | 05:49 AM
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Old Oct 19, 2013 | 06:17 AM
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With 11K down it is the usual 1K per month.... nothing but moving around numbers. I would never do that deal. Car stolen your 11K is gone.
 
Old Oct 19, 2013 | 09:13 AM
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Read the fine print:

At lease end, lessee pays excess wear, $.30/mile over 5,000 miles and $350 termination fee

So over 2 years, you are only allowed to drive about 200 miles/month???

Not such a great deal............
 
Old Oct 19, 2013 | 09:22 AM
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Add another 5000 miles per year at $1500. (.30 x 5000).
 
Old Oct 19, 2013 | 10:30 AM
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And that my friends, is why fine print was invented...
 

Last edited by dux; Oct 20, 2013 at 05:58 PM.
Old Oct 19, 2013 | 10:39 AM
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At least Porsche is giving you a $4500 "welcome to Porsche" credit...you're still shelling out $7500 though...not a terrible deal for someone to get into a porsche. As said, just moving #s around and getting creative. Net effect is the same as the usual leases
 
Old Oct 20, 2013 | 06:34 PM
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Originally Posted by Michael_s
With 11K down it is the usual 1K per month.... nothing but moving around numbers. I would never do that deal. Car stolen your 11K is gone.
i knew it sounded to good..
 
Old Oct 20, 2013 | 08:03 PM
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its actually only $5,182 cap cost reduction and $895 aquisition fee. the rest is porsche credit of $4500 and first months payment. no great but not bad, moving money around yes but the porsche credit is pretty good i guess.

"first month’s payment, acquisition fee of $895, capitalized cost reduction of $5,182, and “Welcome to Porsche” credit of $4,500†"

i look at that as $5182 / 24 = 215. $215 + 499 = $714 a month.
 

Last edited by stirthepot; Oct 20, 2013 at 08:05 PM.
Old Oct 21, 2013 | 04:09 AM
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Originally Posted by stirthepot
its actually only $5,182 cap cost reduction and $895 aquisition fee. the rest is porsche credit of $4500 and first months payment. no great but not bad, moving money around yes but the porsche credit is pretty good i guess.

"first month’s payment, acquisition fee of $895, capitalized cost reduction of $5,182, and “Welcome to Porsche” credit of $4,500†"

i look at that as $5182 / 24 = 215. $215 + 499 = $714 a month.
This only works if you have a competitor lease for $1,500 per month. If not you don't get the credit or you only get partial credit. Lessee does not automatically get the conquest $$.

However, if you are looking to lease a car and do have a competitor lease, 2014's no longer have conquest. 2013's do.
 
Old Nov 1, 2013 | 01:32 PM
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what good is it if you can't drive it! 5K miles? that blows!
 
Old Nov 1, 2013 | 03:36 PM
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Plus 9% Pennsylvania tax
 
Old Nov 2, 2013 | 05:13 PM
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Plus if car is stolen or totalled, the owner will lose all of the down payment.
 
Old Nov 3, 2013 | 12:55 PM
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You don't need to lose the down payment. Just buy replacement insurance for the car. In B.C. this costs me about $600 per year, for 3 years coverage and if car totalled or stolen they go to dealer and buy me a then current year car with all the same options.
 
Old Nov 3, 2013 | 01:50 PM
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Originally Posted by Snowczar
You don't need to lose the down payment. Just buy replacement insurance for the car. In B.C. this costs me about $600 per year, for 3 years coverage and if car totalled or stolen they go to dealer and buy me a then current year car with all the same options.
My carrier does replacement insurance if leasing. Some carries do, I am sure, like yours. So for me, if leased a 100K car and put 20K down to lower payment on that lease (not sure why anyone would do that) ... anyway, my insurance would only pay to buy back the lease option if car was totaled. Not my deposit.
 
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