Jsatsunset

Hello everyone. I am considering 718 Boxster as my next car. My current lease, which is a 640i, ends at the end of September, and I really want 718 Boxster as my next lease car. I spoke with a local dealer and he sent me this car. Can you please see the car and give me some advice? I am looking for 36 months with 10,000 miles/ year. Without any downpayment, I don't want to spend more than $1200/month. Is it realistic or am I too stingy? I didn't get the numbers from him yet, so I will update it when I get the numbers. It will be my first Porsche. Thank you very much.

http://www.porsche-code.com/PK5BRHQ0

Dan87951

Doing some quick math it seems like buying the car would be a better move than leasing it. Did he quote you a $1200 lease payment for this build?

Jsatsunset

I just got an answer from the dealer. $1,285 a month with $2,500 down.

alex2364

So you're basically paying $1354 per month (including down payment) on a $77k car. That's a terrible deal. You should just finance the car for 72 months if you want a low car payment.

Dan87951

Does that include tax? Total lease outlay is $48,760 over 3 years on a sticker price of $76,940. I am pretty confident your car will be worth more than $28k after 3 years and 30k miles. Porsche's lease "deals" rarely make sense. Out of curiosity what is the residual value at the end of the lease contract?

gatorfast

That is a brutal lease deal

Jsatsunset

This is from him.

"the residual is $41,720 after a 39-month lease. The monthly payment of $1285 does include all Taxes, Licenses and Fees."

They made it 39 months not 36. Thank you for your advice by the way.

Dan87951

No problem!

Simply put, this is a total ripoff.

The Pinkoboe

To say this deal is a ripoff is a complete understatement.

Doing some quick calculations, this deal is the equivalent of buying the car at full MSRP and financing it at 9%. My advice is to not even talk to this dealer further, and to do research on how leases work before you jump into something. Leases can be great, but they are also great ways for dealers to screw over the uninformed.

john981

Average lease in California for boxster is around 5-6k down and 700 plus tax, 10k miles 36-39month. Some of them have even 2 years maintenance included. Dealers give 3-9% off of MSRP, you have just to ask for it and push them a little. I was not sure how serious this deal was, but they try to rip you off like crazy. Porsche is among the worst cars to lease but this deal is something else!! Take your time and don't rush. Call up porsche dealerships in your area and ask them for a quote. Some dealerships give leases with US bank which has slightly better rates but most people dont recommend us bank, since returning the car with them seem to be quite complicated. Good Luck!

Jsatsunset

Thank you all. I am not going to talk with him any more. I would have made a bad decision without your advice. Now, I am considering buying one instead of leasing it. Thank you for your help again.

john981

What area are you from? Maybe I can help you and look up for some better deals. Definitely run away from this people, these are rates for a panamera or 911 but not 718.

Jsatsunset

I am located in South TX. The closest dealership is in San Antonio, which takes 3hours 30mins to get there. The above deal is from one of the Houston dealerships.

john981

In Houston there are 3 porsche dealerships and I know one of them is really bad. dont remember which one it was but I recall to have read several bad stories in the row about one these dealerships out there. Independent of that, I have found the following deal. It is not brand new (executive demo) and is not saying anything about the miles but I think that is not a bad deal. Is a boxster s msrp 91k/ selling price 68.5k . 39 month/10k 7500 down/ 679. Even when you would devide the downpayment over the period of 39 month, you would be around 950 including tax with potential 1000-2000 drive offs. Again, this is not a brand new car and it is yellow, but it is the S model and they give you 22k off the msrp. Just an example, I will look further and post you more deals later tonight.

https://www.momentumporsche.com/specials/new.htm

https://www.momentumporsche.com/new/...8f7ad908c7.htm

Jsatsunset

Thank you very much for your help. That sounds like a very good deal. However, I am looking for a manual car.