I've found THE TURBO for me! It's actually the one Dave (02 C4S MA) also 'found', but since he wanted natural brown, he couldn't get it (YAY). Anyway, it's Carrera White, (2004) black with oodles of red stitching - you've seen photos here when he posted them in November.

So the problem is that I HAVE to lease it for the best scenario for my company $$. I can't pay cash cuz I can use my cash to buy inventory and make 300% on it. Well, lease rates SUCK right now - where some just last year were getting 70% residuals on new turbos, that's down to a whopping 58%. Money factor also isn't very desirable, so my payments are in the $1700 range for ultra low miles, 48 months. I didn't want to spend that much, but residual and money factor aren't really adjustable, and since it is the rare 2004, the dealer won't go down more than probably 10k max (132.4k msrp, they offered 125.8k out of the gate). Taking it down another 3k isn't goign to help much in the overall scheme of things, so I wonder if anyone has any 'tricks' they can lay on me.

I know many of you are sitting on piles of cash so you pay for all your vast garages in cash, but for me, it's better to use it on something I can make tons of more money from than on a depreciating asset (apparently depreciating at a far greater clip now than just 6 months ago!).

I'd go for used, but in 3 months I only found 2 white ones, and both had interiors that did not interest me. I'm really going for black, and this one with the red deviated stitching and red belts is just awesome.

 

Did you see this one:

Niello Porsche

 

I did not. Can't believe I missed that one, thanks.

I've searched new and used with each and every Porsche dealer's website (the ones through Porsche's server) and didn't see this, but that's probably because I don't think those sites are updated all that often. I'll contact them about it, but I'm not sure I'll get much better on rates, even though CA dealers work with US Bank which has a great money factor of .00165 but a terrible residual of like 53%...

I still like the other one better...

 

www.prolease.net

I got a really good lease from them... 112k, 39 months, 1550 a month, I think the lease rate is under 5%, which is really really good.

 

hey Dan996tt - just remembered that I did run across that one in my searches a little while ago, and got a snotty reply from the dealer:

"Todd, All wide bodies are sold at MSRP. We are going to get only 4 turbo
coupes next year. Cutting production will drive pre owned prices back up.
Have a great holidays. Thanks Howard"

"wide bodies" - guess that's what turbos are called there at Niello - "wide bodies". Whatever. Thanks for playing along bud.

 

by wide bodies, I think the ment all 2004 Turbos and C4Ss.

 

I know, but he was being a snot with the comment, that all are selling at MSRP. Even the awesome one I'm considering has a discount of at least 7k on it - and it's a *gasp* "wide body" 2004!!!

 

I don't know if this will help on a new car but check :

www.leasecompare.com

They search over a good number of companies each with different money factors and residuals.

Eric

 

I'm a big leasecompare fan and use it as a sort of benchmark for target prices all the time. Unfortunately, their rates are actually even higher than those I'm quoted elsewhere, which is a first.

 

I thought the reason why people leased vehicles for business purposes (me included) was that the entire payment could be expensed and thus you would save the value of the payments times your tax bracket (depending on what type of corp or LLC your business is). Why then does it matter if the payment is say $1,500/month vs. $1,700/month? You're expensing the extra $2,400 anyway and probably getting 40% back or so in tax savings.

If you like the car, buy it (lease it)! I'm not trying to spend your money, but I'm assuming that if you're looking at a $130k car you can make a $1,500 or $1,700 payment each month. The difference does not even amount to one substantial (exhaust, wheels, etc.) mod!

 

I can afford it, and certainly need the writeoffs, it's just that I have guilt issues tying up capital on a TT instead of inventory. It's a slippery slope to say 'it's only another $200/month' as I'm already going up from $800/month on the E500. I was originally looking at pre-owned turbos at $1200/month, now I'm up to $1500 (target) and will probably have to settle for $1700/month or more. Yes, it's nothing in the grand scheme of things when a business is concerned, I just have ethics I guess that prevent me from jumping in with both feet, completely unabated.

I'm also a HUGE bargain shopper, always have been, and no matter how much money I make, I always will be, so it frustrates the **** out of me that the terms have changed so much for leasing new turbos in about 6 months' time. I HATE getting a bad deal!

I'm already uber-excited about PDE, Tracquest, Open Road Racing, and Open Track Racing events, and plan to pound the pavement if I can get my turbo, entering any of them I can (PDE is a separate thing, I know, but I fully plan on that event as well - turbo or not).

 

Do you remember who you worked with there? I'll call them today, but it would be good to get a referral.

 

Look for Ralph @ Prolease, very helpful guy!

 

Hey another company is Putman Leasing they are in Conn. and advertise a lot in magazines. Try those guys out I hear they are easy as hell to deal with.

Eric

 

I know this is an old thread but figured I'd respond to the original poster. Have you checked with leasecompare.com? They quote rates MUCH MUCH lower than what you are quoting.