Parkandride

Hello,

Please forgive me if any information is elsewhere in the forum. I was hoping to get some insight.

I'm interested in a 24 month lease of a 991 base with 12,000 miles/year. 2013 is fine (if that is possible), 2014 is better. I can't really afford to go very option heavy, but do need PDK. It seems discounts on MSRP range from 7 to 17% at the extreme high end. Color is not particularly important, but I prefer black. It seems like a suitable model would be right around $90k. I would prefer no money down.

Can someone recommend the best place to start?

A dealership will be limited to the stock they have on hand, correct? Can I potentially order from any dealership nationwide?

With 12k miles/year residual value should be around 63%?

Essentially what is the best way to go about leasing a very basic 991? Are auto brokers helpful? I don't mind waiting - should I wait for a certain special or timeframe?

I am in SoCal. Thanks in advance for any tips!

Parkandride

Also is it true that residual values for 2014s are 8-10% higher than on 2013s?

awhenry

I had a client who got a end of the year 2013 on this type of lease with 75% residual. Good deal if you can afford the monthly stroke.

JCP911S

Generally, if you are looking for a new car, leasing through the Factory program will give you the better deal, as the Manufacturer's captive finance arms typically use advantageous financing as a substitute for off-sticker discounting.

If you use third-party brokers or finance, each one has to add their profit into the mix.... more greedy hands in the pot. IMHO, this would only make sense for an older car.

Maybe you can find a recent trade-in that the dealer wants to move... that's probably your best deal, but the 991 is still early in its product cycle, so I doubt they are fire-sales. Call your local P-car dealers and ask them.

Dealers love selling pre-ordered cars that count against their allotment, but are a quick flip that they don't have to pay to store and finance, so if you can wait, ordering a car should not force you to pay a premium.

Then you get exactly what you want.

Parkandride

Thanks to both of you. JCP - I'm not familiar with the Factory program. Is there a website for this? They lease at a lower money factor? I was under the impression one could only lease the most current model and brand new as well.

Also, how long does it take to order a vehicle?

It will probably be difficult to find an in-stock virtually optionless (but including PDK) base 911, agree? I'm hoping to get around $1200/month for 24 months with no money down.

Thanks again

Parkandride

I just spoke with a dealer. He said residuals hadn't come out yet, but his estimate was the following (no 2013s were available):

2014 911 base - 24 month lease
74% @ 12k miles
75% @ 10k miles
76% @ 7.5k miles

Money factor @ 0.00240

So seems like great residuals and horrible money factor (both non-negotiable)

He said ordering now would put one in line for Feb/March production for delivery in March/April. He said no extra cost for building online.

What is a great discount off MSRP for custom built? Likewise, what is a great discount for a car coming to a dealer's lot? Already on the dealer's lot? 7-10%?

Any help is appreciated!

race911

I'll run it past my friend who's on his 2nd 991 (last just leased a month ago), and seems to be able to find the deals no one else can.

Parkandride

Thanks, Race911!

NYNick

I always find the best deals to be had are the ones where the car is sitting on the lot. They're carrying these cars on their 'floor plan', they're costing them money sitting there and they want to move them. 2013's should afford the best deals. They're going to rape you on a car you order, IMO.
Typical dealer will quote non-negotialbe lease rates. The best lease deal I ever made was a slightly used demo.
Everything is negotiable. Everything.

JCP911S

Seriously, I got to "DUDE" you...

You are over-thinking the room. Doesn't work that way....

"Oh ... Is there 7% or 8% percent discount on a car that does not yet exist?"

"Oh ... Is the residual 74% vs 79% on that non-existant car that is being resold in 2017... which one is better?"

"Oh ... How do I discount $15K of options on a 2013 leftover vs a special order 2014 without $15K of options, given a theoretical discount rate of .00265 that is made up by the factory's captive finance unit on a 24 vs 32 month finance...?"

Stop!

Seriously, if you want to lease a new Porsche you just **** away $1,400/mo for 36 months. Then you drop the keys and **** away $1,400 a month for your next new Porsche.

Then you drive a new Porsche, and they take care of you.

That's how it works.