Long time lurker. Local dealer has a leftover '13 C4S. Sticker was $133, discounted to $113. I have attached the sticker to show what options it has. What are your thoughts, where should I be on a lease payment. In a perfect scenario I'd like a 2 year 24k mile lease. Any advice appreciated. At one time I was offered the conquest deal, but I had too much time left on my Mercedes lease.

Thanks,

Al

 

Thats got everything you want and need. Sounds like a terrific deal. Snap it up, although get all the facts on why it's been sitting around for 1.5 years. Was it a service rental/loaner etc.

 

Thanks for the response. Nothing wrong with the car, just a case of bad luck. They just called and now are offering a $1,500 credit towards my last Mercedes lease payment. I guess the main question is lease or buy. I can write 80% of the lease off towards business. What I don't understand is last November they quoted me $1650 on a 2 year 20k mile lease. Now they are quoting me around $2100 for the same thing. They tell me it isn't a floorplan car and will go to a Porsche dealer only auction at the end of the month.

 

Nice build with the PDK, PSE, Sports Chrono, Burmester. I actually like the aluminum around the windows too.

Question on the lease. Would it be better to lease a 14 as this example is already a year old? (I actually don't know myself, maybe someone in the forum can tell us)

Sounds like a good deal at 20k off. It is brand new not a demo right?

On lease what are the numbers? MF, Residual? Lease terms? taxes? Money down?

 

It is a nice build, and I also have the same question '13 vs. '14. I would think the conquest deals on the '14's shouldn't be too far away.

 

With how much of a discount you are getting, I would buy it. The interest rate you can get is probably going to be much cheaper and the residual rates Porsche is probably using are not going to be subsidized, thus the higher payment you are getting quoted. Sounds like it doesn't qualify for PFS lease deals so dealer is probably getting third party rates for you which is upping the payment quite a bit. Ask for the residual % they are using and Money Factor. I bet a buy payment with an interest rate around 2-3 % for 48 months is right around 2100. Even if you sell it in a couple years you will probably still come out ahead given the price you can buy it for. Good luck.

 

Two things are conspiring against you:

2013 residuals have taken a nose dive.
This car is over maximum residual MSRP.

Not much they can do - I would push for a further discount - this car will likely fetch less than $113k at auction, more like high 90s.

 

huh...you could buy it for around $1600 a month or so. Not sure I find that lease very attractive.

 

Not a fan of PSP...other options are good. It'd be good to find out what's going on with it sitting on the lot...good luck!

 

Winner here... this is why the lease is that much more.


There is about 11-12% in the car from msrp to invoice so your discount is good but its a year old car so its still a ways away from what I would offer. In July of 2013 I got a C4S with a similar sticker of a 133k and my gross cap was 116k. That's 10 months ago so Id push for well under 110 as a price. Start with the price first of course as the residual and terms are fixed based on your decision. The MF for tier 1 is quite high at .00200.


FirstPorsche: not sure how he can get a payment of 2100 at 48% on the price of the car. Even if it was zero percent he would only pay 100,800 and his current price is 113k pre taxes and reg. He would need a monster down to get to that payment at 48 months on a buy.

 

Just make sure it was not damaged or had a mechanical issue and had to sit around waiting for parts. This can sometimes take 6 months since dealers are probably not high on the priority list for a hard to find part. As a result they wait. I would ask just to have it in writing.

 

I had to deal with something similar in my recent purchase. Finance the car and purchase it. It will make no sense at all to lease it (besides convenience...which IMHO still makes no sense). Let them break down the numbers for you.

 

Yeah my bad meant 60 mo not 48

 

Agree with those who have said you should buy the car rather than lease it. A lease on this car wouldn't make sense because of the low residuals and you may be above the MRM. You'd do much better on a lease of a 2014 C4S with a similar MSRP even if the discount isn't as steep, just because the residual will be much higher.

 

Vic based on previous posts, it seems you have some experience with this. What would you offer? From the responses, leasing isn't sensible in this situation. Is this that good of a deal? Being my first Porsche am I better finding the car I really want?