GT3 Dealer Allocation Thread
#2567
Lease rates are set the month you purchase and take delivery of the car, not months in advance of the build. The factor rate, residuals, ETC will ALL change between now and the month the first cars arrive.
I don't understand these posts quoting residual rates, factor rates, etc., months before the cars are here. They numbers probably will be close....but there are no guarantees...especially in leases, where the factor rate, many times, is marked up.
I don't understand these posts quoting residual rates, factor rates, etc., months before the cars are here. They numbers probably will be close....but there are no guarantees...especially in leases, where the factor rate, many times, is marked up.
The lease rates especially from PFS are insane(over 5%). Wouldn't one be better off financing the car at 2% paying the sales tax if they plan to keep the car for 8-24 months? The .2GT3 should not take a depreciation hit during that period and the cost of use would be the sales tax and finance interest less depreciation if any. One should do this math before deciding which is the best option.
#2568
You know, it's one thing for dealers to ask a premium over MSRP for the car but then we get a-holes like this flipper...
https://rennlist.com/forums/vehicle-...-position.html
And a site sponsor no less. Hey douche, let someone buy the car who actually wants to drive it and not flip it.
https://rennlist.com/forums/vehicle-...-position.html
And a site sponsor no less. Hey douche, let someone buy the car who actually wants to drive it and not flip it.
#2569
Lease rates are set the month you purchase and take delivery of the car, not months in advance of the build. The factor rate, residuals, ETC will ALL change between now and the month the first cars arrive.
I don't understand these posts quoting residual rates, factor rates, etc., months before the cars are here. They numbers probably will be close....but there are no guarantees...especially in leases, where the factor rate, many times, is marked up.
I don't understand these posts quoting residual rates, factor rates, etc., months before the cars are here. They numbers probably will be close....but there are no guarantees...especially in leases, where the factor rate, many times, is marked up.
#2571
#2572
Lease rates are set the month you purchase and take delivery of the car, not months in advance of the build. The factor rate, residuals, ETC will ALL change between now and the month the first cars arrive.
I don't understand these posts quoting residual rates, factor rates, etc., months before the cars are here. They numbers probably will be close....but there are no guarantees...especially in leases, where the factor rate, many times, is marked up.
I don't understand these posts quoting residual rates, factor rates, etc., months before the cars are here. They numbers probably will be close....but there are no guarantees...especially in leases, where the factor rate, many times, is marked up.
This is completely incorrect. You CAN lock in the residual, money factor, and incentives of the lease on the month you ordered the car, so anywhere from 3 months out to even 9-10 months out. Many GT3 allocations given out for February 2018 delivery already have lease rates locked in last month.
If a Porsche dealer tells you guys you can't lock in the rate and the rate and program is whatever it is when your car comes, they are either lying to you because they don't want to submit the application for such process or they don't know how to do it. Or even better, some dealers may make extra bucks by telling you they're going with the new rates but back dating the old rate when you ordered the car.
#2573
This is completely incorrect. You CAN lock in the residual, money factor, and incentives of the lease on the month you ordered the car, so anywhere from 3 months out to even 9-10 months out. Many GT3 allocations given out for February 2018 delivery already have lease rates locked in last month.
If a Porsche dealer tells you guys you can't lock in the rate and the rate and program is whatever it is when your car comes, they are either lying to you because they don't want to submit the application for such process or they don't know how to do it. Or even better, some dealers may make extra bucks by telling you they're going with the new rates but back dating the old rate when you ordered the car.
If a Porsche dealer tells you guys you can't lock in the rate and the rate and program is whatever it is when your car comes, they are either lying to you because they don't want to submit the application for such process or they don't know how to do it. Or even better, some dealers may make extra bucks by telling you they're going with the new rates but back dating the old rate when you ordered the car.
#2575
This is completely incorrect. You CAN lock in the residual, money factor, and incentives of the lease on the month you ordered the car, so anywhere from 3 months out to even 9-10 months out. Many GT3 allocations given out for February 2018 delivery already have lease rates locked in last month.
If a Porsche dealer tells you guys you can't lock in the rate and the rate and program is whatever it is when your car comes, they are either lying to you because they don't want to submit the application for such process or they don't know how to do it. Or even better, some dealers may make extra bucks by telling you they're going with the new rates but back dating the old rate when you ordered the car.
If a Porsche dealer tells you guys you can't lock in the rate and the rate and program is whatever it is when your car comes, they are either lying to you because they don't want to submit the application for such process or they don't know how to do it. Or even better, some dealers may make extra bucks by telling you they're going with the new rates but back dating the old rate when you ordered the car.
#2576
PFS is pretty much the only choice for the most part. US Bank does Porsche leasing but 98% of the time the rates are much worse than PFS. It used to be competitive but recently it has not been.
Residual is fixed 56% for 36 months 5k miles. The dealer cannot lie about it and cannot modify and mark up the residuals. Money factor is what they can mark up.
Money factor is 0.0022 currently for Tier 1 credit at buy rate. FYI, you can talk to your dealer about what money factor they will willing to lease the car for you at. Marking up interest rate is the same as marking up MSRP, they can tell you one thing and charge you different thing when your car gets here.
#2577
Thanks for the excellent summary of calculating lease payments and benefits. If one lives in a high sales tax state like California and plans to keep the car for 18-24 months, your calculations seem to suggest the best option will always be to lease. However, if one plans to keep the car for the period of the finance agreement(5yrs) then financing would be the better option.
BTW, isn't there a difference between what the dealer lease rate is and what they offer even their best clients also known as buy rate?
BTW, isn't there a difference between what the dealer lease rate is and what they offer even their best clients also known as buy rate?
It varies from car to car and from program to program. It'll take exact car price, exact finance/lease rates for that particular car, where you live etc, to determine exactly how long it is beneficial.
In some cases it may be beneficial to even lease 4 years etc. Of course when you go to really long term like 6-7 years, 99% chance purchase is better. In some cases its not even smart to lease even if you're keeping 1 year. It varies.
Buy rate is basically what the PFS program says it is, and that's the lowest interest rate the dealer could offer, and dealer won't make any back end money by selling you the lease at buy rate (except for some quarterly bonuses etc). Its the non-marked up rate.
#2578
#2579
Can someone please clarify one aspect about leasing (relating to sales tax payed) being discussed here?
Assuming the following hypothetical:
Leasing a GT3, in California with the intent to buy the next greatest Porsche in the following 2-3 years.
At the end of the lease (let’s say 3 years) — A GT3 is going to be worth north of the ~ 56% residual. In order for me to sell the car back to the dealer at market value, don’t I have to buy out the car from Porsche Finance (or whatever bank) before I can sell it back to the dealer at market value ??……When I buy it out from the bank, am I not paying sales tax on the remaining value — thus negating the sales tax benefit of leasing (for short-term ownership) being discussed in this thread?
thanks
Assuming the following hypothetical:
Leasing a GT3, in California with the intent to buy the next greatest Porsche in the following 2-3 years.
At the end of the lease (let’s say 3 years) — A GT3 is going to be worth north of the ~ 56% residual. In order for me to sell the car back to the dealer at market value, don’t I have to buy out the car from Porsche Finance (or whatever bank) before I can sell it back to the dealer at market value ??……When I buy it out from the bank, am I not paying sales tax on the remaining value — thus negating the sales tax benefit of leasing (for short-term ownership) being discussed in this thread?
thanks
#2580
Can someone please clarify one aspect about leasing (relating to sales tax payed) being discussed here?
Assuming the following hypothetical:
Leasing a GT3, in California with the intent to buy the next greatest Porsche in the following 2-3 years.
At the end of the lease (let’s say 3 years) — A GT3 is going to be worth north of the ~ 56% residual. In order for me to sell the car back to the dealer at market value, don’t I have to buy out the car from Porsche Finance (or whatever bank) before I can sell it back to the dealer at market value ??……When I buy it out from the bank, am I not paying sales tax on the remaining value — thus negating the sales tax benefit of leasing (for short-term ownership) being discussed in this thread?
thanks
Assuming the following hypothetical:
Leasing a GT3, in California with the intent to buy the next greatest Porsche in the following 2-3 years.
At the end of the lease (let’s say 3 years) — A GT3 is going to be worth north of the ~ 56% residual. In order for me to sell the car back to the dealer at market value, don’t I have to buy out the car from Porsche Finance (or whatever bank) before I can sell it back to the dealer at market value ??……When I buy it out from the bank, am I not paying sales tax on the remaining value — thus negating the sales tax benefit of leasing (for short-term ownership) being discussed in this thread?
thanks