Evaluating a lease offer for 991.2 C4S
11-07-2018, 11:35 PM
#1
Evaluating a lease offer for 991.2 C4S
MSRP is $135,790.
48 month/48,000 mile lease is $1,824/month plus tax (downpayment $26,000 (my trade-in)).
Residual is 46% of MSRP, buy rate on the MF is .00297
Good?
48 month/48,000 mile lease is $1,824/month plus tax (downpayment $26,000 (my trade-in)).
Residual is 46% of MSRP, buy rate on the MF is .00297
Good?
11-07-2018, 11:39 PM
#2
11-07-2018, 11:48 PM
#3
Rennlist Member
7.128% interest ??? Is that right??? This deal sounds horrible to me and I have had multiple leases over the years and I am not opposed to leases in principle as they can make sense and give a lot more car than a loan/purchase, but I his would be no way for me.
11-08-2018, 12:39 AM
#5
Rennlist Member
Porsche Financial leases are terrible right now. Money factor is too high and residuals are pretty low. They used to be attractive but have gotten super conservative in the last 2 years. Much better to buy the car and get a loan if you are tight on cash.
11-08-2018, 12:41 AM
#6
Yep, I figured. I was able to get approved for 3.29% loan. The monthly payment over the same period (48 months) is $550 more, that's around 26k total, but then you own the car.
11-08-2018, 12:56 AM
#7
Rennlist Member
Originally Posted by eastsideguy75
Yep, I figured. I was able to get approved for 3.29% loan. The monthly payment over the same period (48 months) is $550 more, that's around 26k total, but then you own the car.
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11-08-2018, 08:39 AM
#8
Rennlist Member
Not a good number at all. If you are determined to finance, trade yours (push for higher number since you are buying) and go 72 months. It should be less and you will own it if you decide to keep or sell it's yours.
Or add more $'s and do a shorter term. Auto loan rates are low in the US.
Or add more $'s and do a shorter term. Auto loan rates are low in the US.
11-08-2018, 08:42 AM
#9
Three Wheelin'
You would be better off to aggressively negotiate a purchase price using your trade in value of $26,000 against it and finance the balance. In the end, the monthly payments would be very close (maybe even less) and you would ultimately own the car with some residual value remaining. Then you could sell the car and take the cash or apply it towards another car. Porsche leases are extremely bad.
11-08-2018, 10:02 AM
#10
11-08-2018, 10:22 AM
#11
Rennlist Member
I'll never understand leases especially if you have to put such a big down payment down.
At those numbers I would just rent a 911 when you want to go for a drive.
At those numbers I would just rent a 911 when you want to go for a drive.
11-08-2018, 10:51 AM
#12
Race Car
Or find a 3rd party leasing company who can offer a greater residual with lower monthly.
Porsche leases are crap.
Porsche leases are crap.
11-08-2018, 12:38 PM
#13
Rennlist Member
To echo previous posts, Porsche leases suck.
11-08-2018, 02:36 PM
#14
Rennlist Member
If you are putting $26k down buy it. Porsche leases are fantastic money makers for Porsche. Terrible for customers.
Your lease payments and down payment total $114k
I am sure you can buy a 991.2 C4S for that price... maybe a 2017 or cpo 2018 etc.
Your lease payments and down payment total $114k
I am sure you can buy a 991.2 C4S for that price... maybe a 2017 or cpo 2018 etc.