Another one bites the dust....Brand new 2013 991S
11-08-2013, 02:52 PM
#16
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Wow- that's amazing. Not sure what your exact MSRP was but if I use 110k, and your deal parameters I get a payment of 762! That's Cayman S or M3 territory.
I realize i'm dreaming here, but if a similar deal was possible with a base 991 at 95k MSRP with its 78% residual the payment would be around 545! Incredible
Was that 16% off purely dealer discount or were there other incentives involved?
I realize i'm dreaming here, but if a similar deal was possible with a base 991 at 95k MSRP with its 78% residual the payment would be around 545! Incredible
Was that 16% off purely dealer discount or were there other incentives involved?
11-08-2013, 03:13 PM
#17
Wow- that's amazing. Not sure what your exact MSRP was but if I use 110k, and your deal parameters I get a payment of 762! That's Cayman S or M3 territory.
I realize i'm dreaming here, but if a similar deal was possible with a base 991 at 95k MSRP with its 78% residual the payment would be around 545! Incredible
Was that 16% off purely dealer discount or were there other incentives involved?
I realize i'm dreaming here, but if a similar deal was possible with a base 991 at 95k MSRP with its 78% residual the payment would be around 545! Incredible
Was that 16% off purely dealer discount or were there other incentives involved?
11-08-2013, 03:19 PM
#18
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It certainly was a good deal. The MSRP on the car was $114,660. Your payment numbers don't take into account the Virginia Sales Tax at 4%. With that the payment on the lease was $1078 all in - includes Depreciation, Rent Charge, $895 lease origination fee and Virginia sales tax of 4%. In Virginia, you have to pay sales tax on the entire purchase price. If you end up buying the car at the end of the lease you don't have to pay taxes again.
11-08-2013, 03:51 PM
#19
Yes, 879 is correct without taxes. $956 sounds like a good payment in New York. Are you shopping around for a new car?
11-09-2013, 12:26 AM
#21
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exterior design: perfect
interior design and quality: perfect
engine sound and feel: perfect
handling/ride: perfect
seats: most comfortable i've sat in including way more luxury oriented cars.
Manaul transmission linkage: perfect
Just can't believe what a good job Porsche did with this car. I still think back to my drive in from a month ago. Even more amazing when you look at how other manufacturers (germans included) seem to take a step backwards in terms of desgn and driver involvement w/ each generation. Strange thing is I"ve never been much of a 911 fan, but the 991 is great. I mean sure, I'd love a Singer and i like most 911s but never wanted to have one..until now.
Even w/ these great lease deals, it's still more than I'd typically spend so I have to cross a psychological barrier.
11-10-2013, 04:26 AM
#22
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CONGRATS!!! Great car and beautiful color! How many miles per year was that 74% residual for?
It certainly was a good deal. The MSRP on the car was $114,660. Your payment numbers don't take into account the Virginia Sales Tax at 4%. With that the payment on the lease was $1078 all in - includes Depreciation, Rent Charge, $895 lease origination fee and Virginia sales tax of 4%. In Virginia, you have to pay sales tax on the entire purchase price. If you end up buying the car at the end of the lease you don't have to pay taxes again.
11-10-2013, 09:37 AM
#24
Racer
[QUOTE=
exterior design: perfect
interior design and quality: perfect
engine sound and feel: perfect
handling/ride: perfect
seats: most comfortable i've sat in including way more luxury oriented cars.
Manaul transmission linkage: perfect
[/QUOTE]
I agree. I've had mine for 1 1/2 weeks and love virtually everything about it.
OK, I'll admit that the Homelink garage door opener buttons should be illuminated at night so you can find them without turning on the interior light, but I'm willing to live with that.
exterior design: perfect
interior design and quality: perfect
engine sound and feel: perfect
handling/ride: perfect
seats: most comfortable i've sat in including way more luxury oriented cars.
Manaul transmission linkage: perfect
[/QUOTE]
I agree. I've had mine for 1 1/2 weeks and love virtually everything about it.
OK, I'll admit that the Homelink garage door opener buttons should be illuminated at night so you can find them without turning on the interior light, but I'm willing to live with that.
11-10-2013, 12:42 PM
#27
11-10-2013, 12:54 PM
#29
They wouldn't have sold the car without making any money on it.
Here is my understanding Invoice price of cars is 10% below MSRP. Porsche dealerships get 5% for a variety of factors including good survey scores etc. Additionally, 2013 may have trunk money imagining between $3-$5K.
Following that logic:
MSRP of 991S: $114,660
Invoice: $103,194 (10%)
5% Incentive: $98,034
Trunk Money ($3-5K): $93,034 - $95,034
I bought the car for $97K. Based on the above analysis, I think they made at least a few thousand dollars.
My understanding leasing the car provides them incentives from PFS. You pay a lease acquisition fee of $895 and money factor of 0.002 (Interest Rate of 4.8%) which translates into rent/interest charge of $8952 over 24 months. Since the interest rate on the lease is higher than the financing rate which in today's market is 1.5-2% they might be getting incentives as a result of leasing the car.
Net-Net I think they might have made at least $3-5K of the car. Not as much as they make but still a decent profit.
If anyone has more insight into how much dealers make on selling a car feel free to add. The more information Porsche buyers on this forum have the better position they will be in to make good deals for themselves.
Here is my understanding Invoice price of cars is 10% below MSRP. Porsche dealerships get 5% for a variety of factors including good survey scores etc. Additionally, 2013 may have trunk money imagining between $3-$5K.
Following that logic:
MSRP of 991S: $114,660
Invoice: $103,194 (10%)
5% Incentive: $98,034
Trunk Money ($3-5K): $93,034 - $95,034
I bought the car for $97K. Based on the above analysis, I think they made at least a few thousand dollars.
My understanding leasing the car provides them incentives from PFS. You pay a lease acquisition fee of $895 and money factor of 0.002 (Interest Rate of 4.8%) which translates into rent/interest charge of $8952 over 24 months. Since the interest rate on the lease is higher than the financing rate which in today's market is 1.5-2% they might be getting incentives as a result of leasing the car.
Net-Net I think they might have made at least $3-5K of the car. Not as much as they make but still a decent profit.
If anyone has more insight into how much dealers make on selling a car feel free to add. The more information Porsche buyers on this forum have the better position they will be in to make good deals for themselves.
