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Lease or financing deals for custom C2S for March?

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Old 03-29-2013, 06:23 PM
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ww007
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Default Lease or financing deals for custom C2S for March?

Hi everyone,

I know this is kind of last second but the ship that my car is on is scheduled to dock tomorrow (3/30), so she should finally be in my possession in (I'm guessing) 1-2 weeks! I've already read about the 2-year lease special they have for the base C2 with the high residuals, but I'm guessing that one doesn't apply for the S or custom orders? I was wondering if anyone knew about any lease or financing deals for March that could be applied to a custom ordered C2S. From what I've read, I should be able to "lock in" the deal even before I take delivery? Although my dealer seemed to imply I couldn't.

The best I could come up with was this:

http://www.edmunds.com/porsche/911/2...=financing_irr

Do you guys think 2.49% for 60 month financing is a good deal for Porsche? Or should I just wait and see what becomes available when April rolls around?

Thanks!
Old 03-29-2013, 07:33 PM
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zirrah
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You can do 1.74 for 60 from penfed.
Old 03-29-2013, 07:33 PM
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manibot
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I have C2 on order since Feb build date april. This is what my dealer told me in cleveland, OH. All the deals are supposedly going through till the end of 2 nd quarter. That is end of June. They are on all custom order and dealership inventory. You should talk to your dealer. The 2 yr lease has 75% residual for C 2 and if I am not mistaken 71 % for C2 s.

I hope it helps
Old 03-29-2013, 11:00 PM
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kyrocks
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Current lease for c2s is 71% residual and 0.00225 MF. Great for a Porsche.
Old 03-30-2013, 02:49 AM
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needlejockey
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I just ordered a custom build C2S early march, I was told 3.5 months for delivery. Im leasing 24mo/15k mi/yr. .00200 is the lowest MF available for teir zero that I got. C2S residual is 70% for 2yr/15k; and 3yr/15k is 55%. 2yr payment is actually cheaper. MSRP Discount varies, but in SoCal the best i could do was 7%; some friends have gotten 8-9% discount on the east coast. I know the lease numbers very well. I started off thinking i would get the 75% 2yr residual they set for the C2 base, but residuals are slightly worse for the S. My question if anyone knows, am I locked in at these rates if they change? My delivery should be near the end of Q2, if the lease rates change am i locked in or f....d? Thx
Old 03-30-2013, 03:38 PM
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kyrocks
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Lease rates only apply when closing deal. Will not "hold" a lease rate for you. When you take delivery if the rates are better, they will apply.
Old 03-31-2013, 12:49 PM
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adamsclubs
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I read the difference in 2yr residuals between c2 and c2s should be 2%, both have the same 0.0020 base rate, but some here reported special c2s lease rate for select loyalty customers as low as 0.0015.
Old 03-31-2013, 08:27 PM
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ww007
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Thank you all for the replies.

I spoke with my dealer and he was telling me that they could not lock in any rates prior to my car arriving. He didn't mention anything to me about the current rates holding through the 2nd quarter like manibot said, so I'll just call back April 1 and see what the new rates are.

I'm also looking for something more long term than a 2 year lease, since my car is heavily optioned and Porsche shares the depreciation with you on a lease only up to a certain MSRP.
Old 04-02-2013, 10:10 PM
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ww007
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manibot, you were right as the March rates have extended to April, though I'm not sure if they will extend all the way through the 2nd quarter.

That means the high residual leases and 2.49% financing are still available, which is pretty sweet. Turns out the 27 month lease seems to have the lowest monthly payments for me, which is probably what I'll end up going with.
Old 04-05-2013, 02:57 PM
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kboesky
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Needlejockey,

I am in socal too and the best I can do is 4%. Where did you find 7?
Old 04-07-2013, 11:07 AM
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adamsclubs
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Originally Posted by ww007:10354391
manibot, you were right as the March rates have extended to April, though I'm not sure if they will extend all the way through the 2nd quarter.

That means the high residual leases and 2.49% financing are still available, which is pretty sweet. Turns out the 27 month lease seems to have the lowest monthly payments for me, which is probably what I'll end up going with.
It looks like Porsche is pushing 27mo leases in April.
Old 04-07-2013, 07:32 PM
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needlejockey
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7% discount at Newport, I honestly think 4% is not very good considering its near the end of the sale cycle w 14's out in a few months; and inventory is still high. Remember if the dealer knows your serious you can squeeze pretty easy. First offer in a negotiation means nothing. Problem w a 27mo lease term as i see it is your paying the registration and then turning the car in immediately; which is why PFS pushes that term.
Old 04-07-2013, 07:51 PM
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ww007
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Originally Posted by kboesky
Needlejockey,

I am in socal too and the best I can do is 4%. Where did you find 7?
I'm in SoCal too and got 5.7%. I guess it depends on your negotiation skills, but 7% sounds like a great deal for SoCal; from what I've been reading, they don't stray too far from 5% around here.

I think the best way is to talk to (or email) the internet department at each dealer and have them compete against each other. Edmunds.com is a great resource for this; they'll list all your closest dealers and you can check off which ones you want to send emails to.



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