Porsche5766

Hi,

I am looking to lease a Cayman and I am wondering what other people are seeing for residuals and MF? I am looking to lease a Cayman for 24 or 27 months.

A dealership quoted me 70%/69% for 7,500 / 10,000 miles and a MF of 0.0027 for 27 months. Are those in line? I read over at Edmunds that it should be 71%/70%. Is the residual negotiable? Also, they mentioned the buy rate was 0.0022, and they could not go down to 0.002 (quoted in other posts here).

Thanks.

matttheboatman

No, the residual is set by Porsche financial. But, you can and should negotiate everything else including FEES. On a short term lease fees make a big difference in total cost. My recommendation; ask your dealer for a total cost price including taxes and fees. The discount dramatically reduces your total cost as the residual is based on MSRP so your lease payments drop by the discounted amount. You will be surprised how widely the total cost prices vary from dealer to dealer.

BTW don't be surprised if the dealer responds with "what" as I've found most SA's have never "added it up" and so therefore have no clue as to the total cost. I received 3 quotes from different dealers when shopping for a lease of 24 mos / 7,500 mile per year. $22,000 for base base, $29,000 for a loaded base, and $25,000 for a loaded S... I went with the loaded S. I believe the residual was 68% at the time.

MC

Porsche5766

Thanks, those are some HUGE variances. Those numbers are your total payments over the 24 months including all taxes, fees, etc?

matttheboatman

Yes