Built and ordered today....
Thread Starter
Advanced
Joined: May 2006
Posts: 50
Likes: 0
Built and ordered today....
Hi Guys,
I ordered a 2013 Cab (white car/red top) scheduled for build on 3/27.
The MSRP came in at $111k.
The negotiated price was $102,900.
For those shopping, I did a 12 month lease with a 78% resid. @ .0020 money factor. 15k miles year is mandated at this term. Low mileage options (5k, 7.5k) don't start until 24 mos.
The payment is approx (hold your breath) $1780 plus tax. This payment or schedule will obviously not fit everyone's needs (or interests), but for me and considering this is a 7th car, it is kind of a ride hard and put it away wet scenario. I was looking for a rental, not a short term lease.
This deal was cut today (1/16/13) at a dealership that I have no affiliation with on the east coast.
However, finding a slot that "might" fall under current money factor/residual terms (expiring 3/31) was unbelievably difficult. Porsche cut back production and build slots (or changeable slots) are almost impossible to come by.
These build slots are slated by model and type. A C4S Cab build cannot be changed for a C2S Cab, etc.. You need to find an open or changeable slot for the model you are looking for (including transmission) to get a spring 2013 car.
Finding this open slot for a base cab with delivery before 5-1 (the credit app filed on 3/31 buys 30 more days of current program) was next to impossible.
On 4-1-13 the current money factor might hold, but the residuals will begin their plummet in advance of the 2014's and drive up these "fair" lease prices.
Hopefully this can shed some light on the (new order) 991 lease market for those looking.
Best and good luck!
David
I ordered a 2013 Cab (white car/red top) scheduled for build on 3/27.
The MSRP came in at $111k.
The negotiated price was $102,900.
For those shopping, I did a 12 month lease with a 78% resid. @ .0020 money factor. 15k miles year is mandated at this term. Low mileage options (5k, 7.5k) don't start until 24 mos.
The payment is approx (hold your breath) $1780 plus tax. This payment or schedule will obviously not fit everyone's needs (or interests), but for me and considering this is a 7th car, it is kind of a ride hard and put it away wet scenario. I was looking for a rental, not a short term lease.
This deal was cut today (1/16/13) at a dealership that I have no affiliation with on the east coast.
However, finding a slot that "might" fall under current money factor/residual terms (expiring 3/31) was unbelievably difficult. Porsche cut back production and build slots (or changeable slots) are almost impossible to come by.
These build slots are slated by model and type. A C4S Cab build cannot be changed for a C2S Cab, etc.. You need to find an open or changeable slot for the model you are looking for (including transmission) to get a spring 2013 car.
Finding this open slot for a base cab with delivery before 5-1 (the credit app filed on 3/31 buys 30 more days of current program) was next to impossible.
On 4-1-13 the current money factor might hold, but the residuals will begin their plummet in advance of the 2014's and drive up these "fair" lease prices.
Hopefully this can shed some light on the (new order) 991 lease market for those looking.
Best and good luck!
David
Instructor
Joined: Jun 2008
Posts: 107
Likes: 0
From: Long Island, NY
Something doesn't add up. Using an MSRP of 111k, negotiated price of 102.9, residual at 78% and money factor of 0.002 you should get a lease price close to 1060+tax. It's possible I did something wrong, but just using one of the many online lease calculators that's the number I get.
Last edited by sid_vicious; Jan 16, 2013 at 09:25 PM. Reason: hand't finished typing
Thread Starter
Advanced
Joined: May 2006
Posts: 50
Likes: 0
Sid, you wrote the lease on 24, not 12 mos. Porsche is pushing favorable low month lease terms in order to get low mileage CPO's back on the floor. With my color choice, I don't think they want it back.
