My Gt3 is on vessel and I am getting some figures on financing and leasing. The figures I got seemed very high. Is it normal for dealers for to bump up the money factor? I thought being good customer they would offer me the buy rates on the lease. I am considering passing on the car unless the dealer sweetens the deal. Please post some lease numbers. Thanks

 

What were you quoted?

Porsche is notorious for having high money factors on their leases.

 

The lease at 24 months $5k down $3,228.21 all taxs included 10,000 miles per year.

The 36 month is $2,641.41
The 42 is $2,455.97
The 48 is $2,314.11

 

That sounds outrageous.

Talk to a credit union or private leasing company.

 

actually
that sounds about right...
because youre paying the taxes in the payment, you are paying a HIGH money factor in the payment aswell..

theoretically, you could be paying 20% tax ON your tax....

 

MY MSRP is 135k so that is bringing it up but some, but I think the payments are crazy. My 360 which was basically brand new I was paying 2k per month. For those numbers I would pick up a 430.

 

basically is one of those funny words, like "virtually"
so it wasnt brand new.
it was used
regardless if it has 100 miles or 1000 miles
once a car is registered used, there are different residuals and money factors to consider

anyways, we're talking about two different cars in two different times
and besides, you got a man's car , a gt3
enjoy it to the fullest ! !!

 

probably about right given the resale numbers i see on the 996gt3...............

 

Seems about right...Calculated as follows:

Cap Cost (at MSRP) = $135,000
Residual at 43% for 48 months = $58,050
Cap Cost + Residual = $193,050
(A) Monthly Rent(Lease) Fee = $193,050 X .0033 = $637
(Money factor assumes 8% interest rate.)
(Money factor is always interest rate divided by 2400.)
(B) Monthly Deprec = ($135,000 - $58,050)/48 = $1,603
Total monthly payment = A + B = $2,240 Plus Sales Tax

 

Porsche leases are crazy. The residuals are so conservative it makes no sense to lease a Porsche. Good luck with the car but I don't think there is any way to have that car for @2000 a month. What happened to the good old days of good leases on these cars?


Woodside or a finance company like that would be a good resource but a lot of them won't touch a P-car.

Try www.leasecompare.com if you want to compare numbers.

 

I had a lease option on mine but it was 4K down and 1950 a month at Carlsen, thats the paper work I signed but before I made the first payment I bought the car outright. my sticker was 122K- I cant remember if that was a 36-or 48 month lease

 

That is not too bad.... Did you have to do much negatiating of is that the number they gave you off the bat?

 

Nope no negotiating. I had a contact that got me in so I came highly recommended that might have something to do with it. I also had a
2k down 2150 option again I cant remember the lentgh

 

The residuals are just ridiculous, makes you cry, more than 50%.
Leasing is ok, if you can write off the payment against a small business, makes the back end more attractive upon calculation when doing your yearly taxes, thats about it.

 

I got a great lease deal and rate from pfs on my TT, but the residuals are the key, much lower in a GT3.