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Need some advice on this purchase - '14 C2S

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Old Apr 6, 2014 | 05:38 AM
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Need some advice on this purchase - '14 C2S

So, after being out of the car game for three years now (two kids in four years will do that) I am looking to get into something fun. I've looked at a GTR at my local Nissan dealer but just don't feel a great connection with the car. Porsche has always had a place in my heart so I wandered off to my local Porsche dealer to see what they had floating around. Given the cost of these cars I figured the best way to jump in would be a 2 year lease so I can exit without any huge hassles. Also my daughters will be 4 and 3 at the time the lease is up which would be a definite decision on if the car works.

Enough about the background here's the deal I've got going.

2014 C2S - White with Black interior - MSRP $123,540

Options030 - PASM Sport Suspension
0Q - White
176 - Sport Exhaust System
250 - Porsche Doppelkupplung (PDK)
342 - Seat heating (front)
423 - 20-inch Carrera S wheels
446 - Wheel Center Caps with Full-Color Porsche Crest
581 - Luggage net in passenger footwell
583 - Smoking package
603 - Porsche Dynamic Light System (PDLS)
640 - Sport Chrono Package
653 - Sunroof in glass
840 - SportDesign steering wheel
AG - Standard Interior in Black
P3H - BOSE® Audio Package
XAT - SportDesign package
XDA - Wheels painted Black
XEX - Bi-Xenon� Headlights in Black incl. Porsche Dynamic Light System (PDLS)

24 month lease - money factor .0022
10k miles per year
$1589.31 including taxes
76% residual
$2700.00 drive off which is first month, taxes blah blah

Thoughts, comments, concerns or burns welcomed

I've had another dealer quote me on a white C2S with very similar options but without the PASM (kinda want it) and the SportsDesign package (duck tail is so sweet)

Yes, i know leasing is not for some but as a "test" car for future dreams, the 991.2 coming out and possibly the GTS or even a Turbo jump after two years, I don't mind paying the 5.3% interest on two years of fun ownership. That is a cost I don't care about.

As the saying goes "A fool and his money are soon departed"
 
Old Apr 6, 2014 | 06:08 AM
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Looks like a nice build!
 
Old Apr 6, 2014 | 06:20 AM
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Awesome car, I should know, I almost bought it (back in the Fall)
This was my backup car (I wanted a black/black, so I ordered from another dealer).
My deal for this car was about $130 less per month (same 2 year lease, etc)
I'd assume they could match my quote on the car or beat it (considering it was 6mnths ago)
This car is a great deal around low $1400/month and it's a lot of car for the money and no worries of MRM, like my car had (I think around $125k kicks in the MRM c2s).
The Sales Manager is a great guy and true car guy--I would have loved to do business with him! But I wanted a blk/blk ducktail car and there were none anywhere.
GET THE DUCKTAIL, it's awesome!!

Curious, how many miles on it?
I was the first person to test drive it with 4 miles on the clock--I think I put 7 or so miles on it and I didn't beat the car at all--the Black test mule they let me drive first (had around 4000mls), well that was a different story
Get the car and lets meet up--there's not too many ducktails in our neck of the woods!!
 

Last edited by BlackSpeed; Apr 6, 2014 at 06:26 AM.
Old Apr 6, 2014 | 08:13 AM
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I would add PASM and PDCC to this build. They are must haves in my opinion. Also I considered a 2 year lease like you then buy the car out right at the end. My dealer says that is the equivalent of paying 7 percent a year so not a good idea.
 
Old Apr 6, 2014 | 08:30 AM
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Originally Posted by speedsterr
I would add PASM and PDCC to this build. They are must haves in my opinion. Also I considered a 2 year lease like you then buy the car out right at the end. My dealer says that is the equivalent of paying 7 percent a year so not a good idea.
The car has SPASM, see the first line of the specs.
Everyone has different reasons to lease, finance and pay cash.
Each transaction has pros and cons--IMO if you can write off the lease for business (like I do) and your state only charges sales tax on the payment (not the entire purchase price) leases can be very attractive. And they also typically have the lowest monthly payments, which can be a deciding factor for cashflow.
I always work the numbers all three ways and I've leased, financed and paid cash for multiple cars over the years. For me the 2 year lease for my c2s made the most sense for me as I trade cars every 2-3 years anyway and I also like the fact of leasing a car like this because if it needs a repaint or gets smacked, I don't have to worry about diminished value.
Each their own, there's no right answer for everyone--it's a case by case basis. The point is to get the most aggressive deal and leave the least amount of money on the table whichever way you go.
Cheers
 
Old Apr 6, 2014 | 08:51 AM
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Originally Posted by BlackSpeed
The car has SPASM, see the first line of the specs.
Everyone has different reasons to lease, finance and pay cash.
Each transaction has pros and cons--IMO if you can write off the lease for business (like I do) and your state only charges sales tax on the payment (not the entire purchase price) leases can be very attractive. And they also typically have the lowest monthly payments, which can be a deciding factor for cashflow.
I always work the numbers all three ways and I've leased, financed and paid cash for multiple cars over the years. For me the 2 year lease for my c2s made the most sense for me as I trade cars every 2-3 years anyway and I also like the fact of leasing a car like this because if it needs a repaint or gets smacked, I don't have to worry about diminished value.
Each their own, there's no right answer for everyone--it's a case by case basis. The point is to get the most aggressive deal and leave the least amount of money on the table whichever way you go.
Cheers
Your paragraph let me to believe that you were testing the car out first before buying which was further supported by the last sentence of your paragraph. Thank you for the education on exceptions to the rule for leases though. Enjoy the car in good health.
 
Old Apr 6, 2014 | 10:10 AM
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Originally Posted by BlackSpeed
The car has SPASM, see the first line of the specs.
Everyone has different reasons to lease, finance and pay cash.
Each transaction has pros and cons--IMO if you can write off the lease for business (like I do) and your state only charges sales tax on the payment (not the entire purchase price) leases can be very attractive. And they also typically have the lowest monthly payments, which can be a deciding factor for cashflow.
I always work the numbers all three ways and I've leased, financed and paid cash for multiple cars over the years. For me the 2 year lease for my c2s made the most sense for me as I trade cars every 2-3 years anyway and I also like the fact of leasing a car like this because if it needs a repaint or gets smacked, I don't have to worry about diminished value.
Each their own, there's no right answer for everyone--it's a case by case basis. The point is to get the most aggressive deal and leave the least amount of money on the table whichever way you go.
Cheers
Thanks for the info on the car - I'm going to "push" a bit more for what you outlined in your first reply

I agree on the lease vs purchase since I am in a similar boat with the business advantage. Also this is a "test" to see how much use/kid friendly it can be. It will be my DD from Spring to Winter and the "date night" occasion with the wife.

I'll hopefully make more headway over this week and have something to enjoy
 
Old Apr 6, 2014 | 10:31 AM
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Originally Posted by rallybagger
Thanks for the info on the car - I'm going to "push" a bit more for what you outlined in your first reply

I agree on the lease vs purchase since I am in a similar boat with the business advantage. Also this is a "test" to see how much use/kid friendly it can be. It will be my DD from Spring to Winter and the "date night" occasion with the wife.

I'll hopefully make more headway over this week and have something to enjoy
I looked back at my early posts on here, my deal was $1438/month for the car you're looking at. Not sure if they're as willing to go that low now since the nice weather is right around the corner. But on the flip side, 2015s will be here soon enough. Go get the car and start driving it!!
If you're not already, talk to the Sales Manager Mike, he was no nonsense to deal with and very aggressive with pricing.
He wants to sell cars, that's his job!
 

Last edited by BlackSpeed; Apr 6, 2014 at 10:34 AM.
Old Apr 6, 2014 | 08:34 PM
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Yes, Mike is a good guy. I got my 13 c2s 2 year lease from him last year. I will be tracking the car at NHMS in less than 2 weeks.
 
Old Apr 7, 2014 | 03:09 AM
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Wow, either that is a great deal or I got a bad one. I have a C4S and I pay 1900 a month (tax already included). MSRP was around the same price (I got 8% off). Money factor was .00230.....so I think the main difference here was the residual. I got the published residual, so it seems that that has moved quite a bit....
 
Old Apr 7, 2014 | 03:14 AM
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I just checked, I believe I got a residual of around 68%. Note that I had 12,000 miles though. I got the car in March....have residuals gone up that much in one month? 77% sounds really high! Perhaps, the residuals are vastly difference between the C2S and C4S
 
Old Apr 7, 2014 | 04:08 AM
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For 10k miles and 2 years I was quoted 76% residual from two different dealers. I thought the same thing as you, seemed awfully high.

Just for comparison the '15 GTR I was looking at was 66% after 24 months
 
Old Apr 7, 2014 | 10:54 AM
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The numbers sound about right in terms of payment. Residual sounds high, but I haven't researched the new numbers. They do change.
 
Old Apr 7, 2014 | 11:22 AM
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The MF should be .002 for base rate I believe. Sounds like they are offering aggressive residuals again.
 
Old Apr 7, 2014 | 02:31 PM
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That residual sounds very aggressive (good for you!), though the money factor sounds a tad high. Somewhere around the mid to high $1,400's would be a very solid deal on a car spec'd like the one you're considering. Great build, by the way. You'll love it.
 


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