im not really too savy on the lease calculators so i came here for help. how much per month should i expect to pay for a 2004 c2 lease at 65k for 36 or 39 months, mileage 7500?

 

Leases are based on 2items

1) money factor (like an inteerest rate)

2) residual value (value at lease term end)

therfore the higher the residual the lower the payment...as well the lower the money factor the lower the payment...used cars are different then new as they have alreay begun depreciating and the residual is usually lower=higher payments...I leased a used 2000 996 for 48 months in 2002 w. 7000 miles and I was paying $750 pr month...you just did all that work to your car...now you are selling it? told you that front end change was a waste of $$$ jK GOOD LUCK

 

nah i havent dont it yet, it kept getting put off and put off and now i think i want another car i was going to make an offer at a dealership and i wanted to see if it was reasonable or not. i think i could talk the car down to 62k and was seeing if it was feasable to get a payment at or around $800

 

Usually, the residual is calculated pretty darn close to the resulting value at the end of the lease ... however, sometimes a calculator dosen't take into account certain factors.

I have a modified lease on the GT2 and they have the residual pegged at $85k in 36 months. I am assuming (hoping & praying) the cars actual value at the end of the lease will still be north of $100k. If that is the case, I would be able to sell the car for $100k and have $15k back to offset the payments made over the 36 months equaling roughly $400/mo.

 

TT, you're looking at about $1K+ tax per month on a 39 month lease, assuming $65K purchase price.

This might change slightly depending on the vehicle's mileage and options.

Why not go for an '03 model and save some more money. There's not that much of a difference in the car, but it puts you where you need to be.

MF: .00228
Residual: $38,404

 

well if i were to put say 5k down would being at $800 be feasible? thats my goal

 

I think you will be more than that

 

i could finance the car for about 1100 to 1150. why wouldnt i buy if it is only $200 more per month? am i missing something? compared to a 3 year lease if i own the car for 3 years i could almost definitly sell the car after that 3 years and be 5-10 grand over what i owe for the car as opposed to just turning the car in and having nothing. and id be paying over that 3 years about the overage (5-10 grand) so it would be a wash. am i dumb because i dont quite get it

 

To say that you can buy it for $200 more than a lease is not a fair comparison. It's $200 a month more for the term of the lease + an additional 2 years!

$5K down would get you about $200 off, or right in your $800/month range (+tax).

I'd personally never put $5K down on a lease. You are giving the finance company all of your money up front instead of paying it out a little bit at a time. If you kept that $5K and got a modest ROI of even 7%, you'd be better off.

Also, you rarely build equity on a lease. If there's any chance that you want to get out before the term is up, you'd probably have to cough up $5K-$10K because you'll be "upside down".

It's late, so hopefully I'm making some sense.

 

Check out the board sponsor www.leasecompare.com that's were I bought my lease from. They're great to deal with, and remember the 4 components that comprise a lease:

1. Cap cost
2. Term
3. Money factor
4. Residual value

Also lease compare has an online quotation tool that will tell you exactly what your payments and lease component figures will be.

 

got it, thanks guys

 

do you have whats called a smart buy option?? its like a lease but more in the buyers benifit. i know its something new because of the economy slump in the car world the banks offer it. its still like a lease but not as difficult to work with like a traditional lease. its more in your favor to do that if you can, i dunno how porsche works cuz i only sell like GM cars and Kias. but i recomend you look into it.

 

With my credit union, it's called Advantage Over Lease (AOL). It's basically a simple intrest loan with a balloon on the end .... but you have the option of turning in the car at the balloon value.

If my balloon payment is $85k at the end of the term and the car is still worth $100k ..... you get the idea.

G

 

Agreed

http://www.leasecompare.com

Good starting point.

 

I just used the lease compare with the same variables used for my AOL contract.

My payment now = $760
Lease Compare = $958

???