My local porsche dealer is offering me this deal and wanted to know if it's a good deal ?
2016 porsche Carrera S
Pdk
Msrp $121110
Selling price $110550 (around 9% off )

Minimum drive off with bank fee upfront ($995)

10k miles/year
24 months lease
Residual value 70 %
Money factor .00200
Monthly payment $1464 plus tax 9% la county = $1596.00

 

I've seen better deals posted here.
Certainly better than $38,000 to drive 20,000 miles.

 

Well the dealer is not marking up the money factor and there is 0 cap cost reduction in this deal. Just minimum drive off. He is discounting an ordered car by $10500 which is 9% off.
Is there more room for discount that I can ask ?

 

My apologies, but I really don't know your situation.
Not sure what options the car has and how you intend to use it / expense it.
In any case 9% is a very good discount, even for a lot car.

If it seems like a good deal to you, then go for it.
But I wasn't trying to dissuade you from this purchase.

A quick search on this forum for the term "lease" will provide some good reference points for lease payments.
For example..
https://www.6speedonline.com/forums/...ase-terms.html

https://www.6speedonline.com/forums/...ase-rates.html

Best of luck with your decision.

 

If the car has the options you want its a very good deal - because its a 2016 you wont see many dealers discounting them so soon

 

If the dealer isn't marking up the MF, you're not going to find a better lease deal unless another dealer gives you a larger discount than the 9% you've negotiated. Not certain you'll be able to get much more than 9%, even for a lot car.

 

Seems like a good deal to me! Very nice discount, fair terms. What happened? Did you do it? If so, pics are mandatory!

 

Oh, and in reference to that "la county" 9% tax: ouch!