mrhamamg

Hi all,

Spoke with my dealer this morning and apparently the current residual is 50% and mf they gave me was .0028. Credit is tier 1.

Do these #s look right?

Came out to $3300 a mo on 36 mo lease with 166k msrp with 8% sales tax in CA

mwar99

That residual is BS, no way will these only be worth 50% of their value in 3 years.

ATXGT3

I wouldn't be surprised. Porsche has cut back on their residuals in the past 2-3 years. They use to be in the 60+ range--no more. I hear you on this one, but they have changed their lease programs.

Cash may be a better deal on these if they hold their price.

Zucc

Banks are always conservative with their residual values. If the car ends up being worth a lot more than the residual you can always buy it at lease end for the stated residual. One of the benefits of leasing.

vic55

It depends:

What is the mileage per year? 50% at 15k makes sense but you can add 5% if you drop your mileage to 5k per year (if the 50% is truly for 15k). And PFS max residualized msrp (MRM) is 151100... so if you are buying the car at 166k you are not residualizing 14900 dollars.

PFS top tier buyrate is .00200 so they are making .00080 on you or 1.92% apr. (most dealers split this at 70% up front with no chargeback after you make 6 payments)

WernerE

The financing arms of the factories do the bulk of leasing, not banks. Porsche isn't very aggressive with money factors and residuals on the 911s. Apparently, they don't have to be -- the brand is doing very well.

A few years ago, Porsche's leasing penetration was a lower percentage relative to other luxury brands (approx. 50%).

mdkim

While the residuals are usually non-negotiable (other than by allowable mileage) I don't understand how a GT3 is forecast to depreciate more than a TTS. I leased a TTS earlier this month and the residual was 56%.

ATXGT3

Yep makes no sense. TTs is about the worst depreciating Porsche made (but awesome car).

kaution321

What dealer is that? MF is marked up but residual could be right depending on mileage.

mrhamamg

porsche newport beach

its for 5k miles a year. seems way to low hm

mrhamamg

thanks for the info. i dont intend on paying more than buyrate so good to know its .002. also good to know about PFS max residualized msrp

i can always lease it with a third party, cant i? any recommendations?

AWW100

The MF seemed to be higher than the standard Porsche rate of .002. Ask him to show you the rate sheet. On the residual, did your SA forget to add back some %s for 5K a year? He also shouldn't deduct that PDK 1%. In any case, the residual means nothing other than affecting your monthly cashflow on payments of this car. The car will worth more than the residual of this car in 3 years and you are building equity when paying your $3300 a month. You can trade your car in at any time during your lease and you don't have to buy it first to sell it. The 4.8% rate is quite high but if you are owning it short term the difference with the market 2% is immaterial.

NateOZ

Porsche leases just seem to be such a bad deal. I was quoted something stupid on a GTS and for the same money could lease a brand new 12C. Sure the 12C is an outgoing model, but it's still more expensive than a $140k porsche.

mdkim

Agree with the above. The corresponding APR should be approximately 4.9%. With only a 5,000 mile allowance I'd also expect the residual to be higher than 50%. Double check your SA's figures. I also agree that you will almost certainly trade-in or purchase your GT3 at lease end with positive equity.

fastmd

At those rates you are better off buying.