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Sales price $76210 Plus tax of $3375 plus $723 equals $80,308. Less residual of $47226 equals $33082 (your usage cost). That amount ($33082) is financed for 39 months at payment of $1090 equals a lease rate of 15.797%. Another way to look at this is to take the usage portion of the lease of $33082 and divide that by 39 months you get $848 against a payment of $1090 to see what the interest factor for 39 months is. That is simplisticly $242 per month or a cost over the 39 month term is $9438. Almost 25% of your payment is an interest factor.
Well, I was able to negotiate almost 6% off MSRP. Not much wiggle room around here in the Bay Area. The bigger discounts (10-12%) seem to be on orders for finance from what I have been reading on multiple forums. I haven't heard of anyone paying $848 on a 718S without putting some money down up front. I see where you make up the difference in the rent charge. Is anyone paying $0 here or a significantly reduced amount? It seems like I got a decent deal, perhaps not the best. Better luck next time! Thanks everyone for the input!
Anyway, I picked the car up and love it! Will post some pictures soon!
So, what we have here are multiple posts telling you that you can, with a minimum of effort, get at least 6% off the MSRP, and that the money factor is over the top, just plain nuts. Were I you, I'd tell the dealer you've changed your mind and look elsewhere for your Porsche.
I was able to get ~7% off MSRP. Money factor seemed to be around low normal from what I've researched online. Comparatively to the 718forum, I think I did alright. Ended up with a slightly different car as it's a 6MT. LOVING IT! Thanks for the input. Here are some pics below!
No crazy about the discount. I just ordered a 2019 Cayman S and negotiated 10% off. You can do better on selling price and also the money factor.
Keep in mind that every 1,000.00 off reduces the payment close to $30/month.
Was this for a 2019 on the LOT or a special build?
I'm in the market for a 2019 Boxter GTS and put down a deposit for a new GTS special build (~104k) with euro delivery last week @ Porsche (San Jose - Bay Area). I minimally tried to negotiate but sales manager mentioned no discounts for porsches ( I was ignorant to believe him).
Thankfully I read these forums this week and got a 2% written from Porsche Fremont today.
Now I'm going to ask the Porsche GTS to match a 3% offer or I'm taking my business elsewhere. Would you guys advise I go higher, from the responses on the thread it looks like I can go much higher.
I'm also curious which what the other dealers have to offer (Burlingame and Redwood city).
Way too expensive IMO. Here https://www.porschesouthbay.com/new-...als-offers-ca/ you can get the Boxster GTS MSRP 95K for 999 per month. Down payment is more, 6KUSD and I think the mileage is 5K but you also get a car which costs 16k more.I think you still can negotiate the conditions, this is their advertised price, there are tons of GTS sitting on porsche dealerships, so I think you have some room. You get here much more car for your money.
Way too expensive IMO. Here https://www.porschesouthbay.com/new-...als-offers-ca/ you can get the Boxster GTS MSRP 95K for 999 per month. Down payment is more, 6KUSD and I think the mileage is 5K but you also get a car which costs 16k more.I think you still can negotiate the conditions, this is their advertised price, there are tons of GTS sitting on porsche dealerships, so I think you have some room. You get here much more car for your money.
+ Drive offs, + tax (8.5% in the bay area). So, you're looking about about 9k out of pocket on a 39 month lease at 5k miles per year. and a monthly payment of $1,084. Doesn't seem all that great to me. IMHO, YMMV and all the other disclosures apply.
Thanks for the feedback guys, I'll definitely be negotiating with the dealers this weekend. I'll stop by a couple other dealers to get price points as well.
The Bay area seemed pretty tough when I was in the market. But was able to get ~7% of MSRP. Most sales guys don't want to negotiate much, but if you push them they will. Before I decided on the 718S, I was in the market for an M4. They were pretty easy to haggle with, met every demand. Some of the Porsche dealerships came off like they were doing me a favor by letting me test drive. Porsche of Livermore all in all was a good experience.
11-19-2018, 07:03 PM
