w/ 0 down and reasonable options what monthly $ are we talking about? lets say 10k miles/yr

 

I got mine for 1300 a month with 15k a year and i dont have that good of credit, and im only 21

 

with no cap reduction?

 

If you dont mind, could you tell us if you fico score was over 700?

 

For what 6 year term? That sounds a little low to me but I dunno?

I would bet on $1500-$2000 36-48 month for a new 2004 with a value of between @128-$135K with 12K/yr. and a few grand down. That's just a ballpark guess though.

If you are as stout a negotiator as Cole_21 you might get it lower...?

 

Britt,

Did you leased yours?

 

Prov1:

It will really depend on your score and the residual values that the lender is using. I have seen Porsche Financial services continually bring down the residual values which ultimately result in a higher lease payment to you. I'm not sure what Code 21 is talking about. 1300 a month does not sound right if you are not putting in significant cap cost reduction (down payment) or if the dealer is giving him a 50% to 60% residual...which won't happen on an 03 TT. You may want to check out www.leasecompare.com

T

 

Mine is leased.

 

you'll definetely want to check out leasecompare.com. their money factor (rate) and mileage charge (with nearly identical residuals) are considerably less than porsche financial.

 

My fico score was over 700, but im not sure how much over it was. I put down $3000 down.

 

Plus I know some one!!!! Hehe

 

I just went through this last week with my '04, so I am very uo-to-date on the lease scenario. My beacon is 772 which qualifies for Tier 1 fianancing. Right now the lease deals suck on the 996TT. One of the problems is that banks are now putting limits on MSRP values. For example, the MSRP on my car was 139k, but the most the bank would residualize was 132k. In other words, they place no value on the overpriced Porsche options.

The other problem is the residuals in general. Every bank I considered is now using the ALG (automotove lease guide) residuals. On 36 months and 12k miles (the least allowed) the residual is 57%. The best money factor was .00198. With no cap reduction the payment came out to 2035 + tax. That was with a 6k discount off of MSRP which brought me to a break even because of the MSRP limit imposed by the bank.

I ended up buying the car instead. This is not a good car for leasing. The 2004 NSX has the best lease deal bar none. 90k MSRP for 799+ tax with 2500 due at signing. With the NSX exception, the days of super high residuals are dead becasue the banks had their butts handed to them at lease termination.

 

thank you gentlemen for the words. 57% 3 yr residual seems atrocious..


i'm gonna have to look into that 04 nsx lease deal JK mentioned!!

 

I believe Porsche Financial has better residuals, but their interest rate kills that advantage.

 

"The best money factor was .00198"

lease compare is offering .0018 factor (about 4% interest equivalent).

"I believe Porsche Financial has better residuals"

lease compare has almost the exact same residual as porsche financial. and, extra miles are only .15 instead of pf's .30!