I’m looking at a ‘17 C2S that has been on the lot for some time.
Can I do better than a 10 percent discount of MSRP?

isnt invoice right around 10 percent from MSRP?

I'm going to lease if that matters.

Thanks!

 

10% is good. I was able to get 5% off on an '18 custom order and everyone tells me that it is a good. Have you leased from Porsche before? I initially thought about about leasing as I only drive less than 7500 miles / yr due to the fact that I live and work in the city. Be careful on what the dealers quote your for MF. Porsche is not known for good lease deals. If you want a good lease, BMW is usually the best at giving you a great MF, high residual, and discount off MSRP. I have Tier I credit, 879 FICO score and the best dealers could give me was ~5-6% APR or .00025. I said screw you dealer and used a broker who was able to get me the 5% discount off MSRP and buyers rate on the MF (.002 or 4.8%), the best I got after visiting 5 different dealerships on my own. When it came to picking up my car after 4 months, I decided to take out a loan at 2.29% from Bank of America for 48months. I had cash available after selling my M5 for $60k and used that as down payment. At their offered interest rate, you are not realizing the tax savings of a lease.

For a '17 C2S, you are looking at 57-59% residual depending on yearly miles. At 10% off MSRP, that would help you maximize the payments. Just watch out on the MF that they offer. Dealerships will quote you 5% and then sell the loan to a bank for 2% and pocket the 3%. When I told the dealer that I decided to finance, they all of the sudden was able to get me a loan from Porsche for 3.69%. I told them that I will be providing my own lender at 2.29%, they came back with a similar offer from US Bank at 2.39% for just a few more dollars. I told them no, I already have the loan approval in hand and the lender. They weren't happy. I hate buying cars and will use auto brokers from now on.

 

Thanks!
i appreciate you input

I have a solid offer at 10 percent off and MF at .002 buy rate.
I know BMW is a lot more int resting at leases, however I like leasing, and if I can get it at buy rate with a solid discount from MSRP it might be a good deal.
I appreciate your input and will look at financing terms.

 

.002 or 4.8% is high with what interest rates are today. Leasing has its advantages and I really wanted to lease to avoid paying 8.5% sales tax on the full car, but even with tax, the 36m finance charge is equal to tax + interest on a 48m loan at a lower interest rate. You would be paying 12-14k of finance charges at the end of 36m on top of the depreciation. I couldn't let that thought go.

 

Depending on the build, and importantly if the warranty has already been punched, then you might be aiming for 15%.

Invoice isn't necessarily your target. Post the vin and all of that can be determined.

 

This.

 

10% off is a great deal, here in SoCa, the best I could do was 7% off a 2017 or 3% off a ordered car. I even know the second in command at my dealership as his wife used to work for me for years, I got the family and friends discount, lol. They just don't discount 911s like other cars. I did get the buy rate on the MF of .002. Good work!

 

Another reference point: I was recently given 4% off a custom ordered 2018 GTS coupe, cash. I'll get what I want, but I do have to wait until Dec. for delivery.

 

As another reference point, in the nyc metro, I've seen 5% off new builds and 15% off 2017 low-milage CPO models. I'd imagine a new 2017 would fall somewhere in between that range.

 

Guys, I'm looking at a 2017 C2S with less than 100 miles on it and the warranty was punched 5 months ago (late April 2017). With a MSRP of $130K, I would love to be able to buy it at 15-20%% off plus the Conquest cash of ~$4K based on my current lease payment. Is this feasible or am I smoking the good stuff?

 

If that car is still sitting there in December or January you might get a discount like that. Not now. Too soon. 10% yes.

 

I was able to get a .002 Money Factor last October when I leased my 911, but I spoke to my Porsche guy late August about a Cayenne and he said the buy rate Money Factor is now .0023
That's also the same rate that Tesla offered me on a Model X.
FYI.