Hi everyone, my name is Arman and i am interested in leasing either a carrera or a cayman S. Leasing is the better choice for me because 1. i write it off, and 2. because i like to switch cars every 3 years or so.

The carrera i was interested in had an MSRP of $84,000. They told me that if i put 10 down, my payments would be around 1050 a month. This would be a 3 year lease with 12k annual mileage. They were willing to discount the car around $5000. My question is...

1. Does this sound like a good deal? If not, what should i be expecting.
2. How much do they usually discount off a carrera?
3. What do i need to be carefull about?

Arman.

 

That sounds like to good of a deal to me. Although 10K is a lot to put down.

Go to lease trader .com or swap a lease and that will give you an idea of what people are paying for their Porsche leases.
You may also find some Mortgage/Real Estate person who NEEDS to get out of their lease.

Good luck.

 

Im actually planning on ordering the exact car that i want. Do you think i should be able to get the same deal with $5000 down?

 

$5k off sounds very low, but maybe that's the situation in your market. Many are getting $10k off depending on the car and equipment. I got 9.3% off MSRP on a new ordered car.

I wouldn't put a penny down as cap-cost reduction. You write off the lease, so just have the payment be higher. Why pay down the residual value unless you plan to buy it at lease end?

 

5K off sounds like a good deal, esp. if you are ordering a car. if it's an in stock 07 I would expect a bit more. also, I wouldn't recommend 10K down on a lease. IMO, 5K is plenty. is suppose it depends on where you want the payment to be though.

 

I have a 06 997 with no money down I pay around 1250 a month for 39 months.I did this becuase I want to buy the car at the end of the lease and I didn't want to put a big down payment to buy it from the beginning.I always believe in not putting money down for leases.When the lease is up I will buy it and then I will start putting mods to upgrade.I love the 997 and would take it over a caymen any day.You just get a special when your driving it.

 

If you have good credit (FICO over 750) you would be better off to finance the car with Woodside Credit in Newport Beach rather than to lease it. Don't put good $ into a lease!

They can set the note for a 12 year payment and you can pay off the car in 3-5 years. Your note payment would be about $650/month and you'll own the car when the note is paid.

They will, however, require you to put down about $20K however, but it's still a better way to go.

 

So do you think 10k down 1050 a month is a good deal with a 3 year lease with 12k annual mileage?

 

Wow thats a good deal. Does your car have a lot of options?

 

Yes, i do have a credit score well above 750, but i will be writing this car off because i will use this car as an everyday car. I also have a few other cars, but the only car that is also leased as a business car is my s550. Also, i do not need a 12 year payment, if i was interested in purchasing the car, i would pay off the car within a year, i am only interested in finding out what price range i should be looking for so that i get a deal around that price.