Your logic makes sense given the the opportunity cost on putting money down on a purchase, but why put any money down?

Assuming top tier credit, BofA will give you a loan of up to $100k for ~3%. Some of the credit Unions will give you up tp $70k at ~2% (e.g. - Pen Fed). With rates this low, I would only put the minimum down and park the rest of money in that 12% investment.

If leasing, why are you putting down the $4.5k? If the car is totaled, that money is gone.

 

Does anyone know the historical split between leased and purchased on a 911 or Porsches in general?

I would guess a good portion of the cars are subsidized by business car allowances, company cars, etc....as the costs have escalated, i.e. over 100K for a 911 with decent options....

 

I was special order number 11 at BH Porsche; 11 leases, 0 purchases. And yes, going to push the cost of the car through the business.

 

Thanks for info.......

Good for any of us wanting good used ones in 2-3 years or less......prices are getting up there.....

I used a company car allowance for both of the Porsches that I have owned......basically my former companies paid for the cars which was a nice perk......

One company gave me $ 750.00 a month, plus gas, plus insurance, plus tax, plus ALL maintenance - that lasted 6 years - kept the 1995 and it still is strong car....

The other was modeled on that to hire me at $ 1,400 a month, plus gas, plus tax, plus insurance, plus all repairs/parts/tires.........actually made some money on the second one each month on a 2003 C4S.......that lasted 6 years.....sold it due to lack of confidence in long term reliability after 70K miles...IMS, etc..

Being retired, miss that car allowance and new car at a whim, but at least all 3 of my current cars are paid for, but no gas or operating expenses now.....

 

ive just received some quotes on a base car.

all are 10m miles per year:

36 mo, 61% residual, .0029 mf
39 mo, 61% residual, .0029 mf
48 mo, 54% residual, .0029 mf

thoughts?

 

Residuals seem fine but the money factor is high. Almost 7%. I was fooling around with the Porsche web site and concluded that the MF on their site was around .0024 which is around 5.76%. I suspect that the dealer's buy rate on the MF is even less.

 

I did the same and see the dealer trying to make at least 1%.

I have started working with another dealer as well and will post findings.

 

talked to another dealer...

36 mo, 60% residual, .0026 mf
39 mo, 58% residual, .0026 mf
48 mo, 53% residual, .0026 mf

So I assume then that the dealers can slide this stuff around arbitrarily.

Based on what I've seen, should I be able to negotiate the residual as well as the money factor?

Im not familiar with Porsche leasing, but I know with BMW they release the residuals and money factors regularly. Does Porsche do the same?

 

I don't think so. I actually called up Porsche Leasing to get the money factor and residual on the new 991, and they would not say. They only tell me to talk to the Porsche dealers to negotiate a deal. So it seems to me that different dealers can fudge the money factor and residual to make a best deal for themselves.

I guess it definitely pays to talk to as many dealers as possible to get the best deal for yourself. I am thinking of going to SolCal to shop around since there are far more dealers than the NorCal.

 

Why lease when loan rates are around 1.74%?

 

Where?

 

The best I have seen is ~2% from credit unions.

 

My credit union will go as low as 1.74%. www.necu.org

 

Average automotive bank loan in Canada is about 8%! Lowest is 6% at a credit union but I doubt they'd go $140K...

 

Even better. How much will they finance? The web site didn't say