It was 2 months ago. But I don't remember if it was 10k or 12k. I think 12k. I didn't ask about a 15k lease. But it's possible the rates have changed.

 

Residual on 10K is 70% assuming PDK, 71% with 7MT

 

That's good info. Thanks a lot!

 

I'm going off of July rates and residuals. 10k @ 70%, 12k @ 69%, and 15k @67%. Add +1% to each of those for 7MT.

 

Sorry.....I am a lease novice. I have not committed to buy or lease the Targa 4s I have on order.

Any idea on the number for the Targa. My SA used 4s cab numbers to give me an idea but that was awhile back. He said the Targa is a buy not lease car

Thanks !

 

As a general rule, the residuals decrease with more specialized models. So the C2 > C2S, the 2 > 4, the coupes > cabrios. So the targas probably have the lowest residuals. which might be why you sales guy said it's a buy car, otherwise you are paying for a lot of depreciation. you can buy and then sell and probably get more...of course you have to deal with the hassle of selling it in 2 or 3 years.

 

Targa 4S: 12 months @ 72%, 24 @ 65%, 36 @ 55%.

Targa 4: 12 months @ 74%, 24 @ 67%, 36 @ 58%

These are at 15k miles. Add 2% for 12k and 3% for 10k; minus 1% for PDK

 

Thanks! What's a fairly solid residual where lease is a no brainer, if there is such a threshold?

 

Remember, all PFS leases have an MRM (maximum residualized MSRP) cap on them - which makes certain that PFS isn't on the hook for depreciation on high-value options and/or uncommon configurations that won't resell quickly.

Ultimately, a Targa is almost certainly a 'buy' car - you'll likely be on the hook for a bunch. You could plunk down the difference between the MRM and the MSRP of the car as a cap reduction, but that's not a particularly good use of funds (at least IMO).

The "no brainer" point is when the residual dollars (remaining value of car) tracks within current market rate for used examples. Based on current valuations, for a C2S that's somewhere in the low 70th percentile on a 2yr lease, wherein you don't go too "wild" on the Exclusive train.

MB

 

In case anyone hasn't thanked you, thanks. Great tool!

Dave

 

+1. That spreadsheet is super helpful. Thank you!