I am curious about the value of my 2002 C2 with 20,000 miles. It has the usual options - bose, side skirts, headlights, 18's. I am thinking of the switching to a 2002 turbo and debating on the lease buyout and then sell it. The buyout is 55,000. The car is in perfect shape in and out.

Any thoughts?

 

I'd say that you might be able to get about $45-50K for your car. So you're looking at taking a hit on the buyout if you want to trade up.

 

may be better off getting someone to take over the lease with some incentive

 

How many more months is the lease for?

 

I have 10 months remaining. Payment is $880 a month. The problem is you still are named on the lease when it is transfered.

 

is this with porsche? i see a lot of lease take over ads, and most of them have porsche as the leasing company. it appears that yo can completely transfer over, at least that is what one owner told me? where you located?

 

Porsche has a new program where they will sell you the car at market value as opposed t residual value. They call it the MVP(market value pricing), this together with the CLP(custmer loyalty program) should make it easier to purchase the vehicle. Porsche Financial Serv. started this in May,02 in an effort to avoid porsche cars going to auction, which is where most off lease cars go, and porsche can't stand.
The CLP program has three option. First, they offer a discounted payoff to the customer, the dealer gets a CLP credit from PFS. The other two options allow the dealer to offer deeper discounts on re-leasing or end of term buy out. 80% of dealers participate.

 

Do you know any of the dealerships which participate in the program you mentioned? I spoke wih SOuth SHore Porsche in LI NY. Doesnt sound like they do.

 

i would seriously consider taking over your lease if your were local.... good luck.