997 Turbo / GT2 2006–2012 Turbo discussion on the 997 model Porsche 911 Twin Turbo.
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07-08 Turbos: Lease Residuals

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Old Apr 27, 2008 | 07:11 PM
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07-08 Turbos: Lease Residuals

Guys w 07-08 Turbos.........
What are your residuals, particularly on 3-4 year terms? Payment if you don't mind, specifically on 0-down leases? Do these cars hold their value well? It seems like 03-04s are on autotrader/cars for 60-90K.....

What would be an estimated purchase price on 5 year old turbo?
And the estimated worth after approx. 9 years? I.E. in 2016?
Thanks in advance!
 
Old Apr 27, 2008 | 09:05 PM
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Originally Posted by jpohl402
Guys w 07-08 Turbos.........
What are your residuals, particularly on 3-4 year terms? Payment if you don't mind, specifically on 0-down leases? Do these cars hold their value well? It seems like 03-04s are on autotrader/cars for 60-90K.....

What would be an estimated purchase price on 5 year old turbo?
And the estimated worth after approx. 9 years? I.E. in 2016?
Thanks in advance!
I can't guess the future and I have never leased a Porsche . Every time I even came close to considering it the price was was high enough that I felt I had to buy it.

I have leased other cars . For instance my E class Mercedes was very reasonable but the next car will be bought as well .
 
Old Apr 27, 2008 | 10:24 PM
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These are very close to what I was quoted a few weeks ago by a Porsche dealer. click here

The catch is that Porsche and most lease companies cap the residualized amount to $140K. Throw on PCCB and a few other options you are way over. Say your car has a MSRP of $160K, well add another $20K to the amount you pay over the life of the lease. Basically, a well-optioned car is not favorable to lease. All residuals are in the dumps lately as the used car market has really taken a hit.
 
Old Apr 27, 2008 | 10:26 PM
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One more thought, unless you can deduct part of the payment, I don't think leasing a 997TT is favorable right now. Ultimately you have to talk to your accountant and see what works for you.
 
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