Parkandride

Hello,

Please forgive me if any information is elsewhere in the forum. I was hoping to get some insight.

I'm interested in a 24 month lease of a 991 base with 12,000 miles/year. 2013 is fine (if that is possible). I can't really afford to go very option heavy, but do need PDK. It seems discounts on MSRP range from 7 to 17% at the extreme high end. Color is not particularly important, but I prefer black. It seems like a suitable model would be right around $90k. I would prefer no money down.

Can someone recommend the best place to start?

A dealership will be limited to the stock they have on hand, correct? Can I potentially order from any dealership nationwide?

With 12k miles/year residual value should be around 63%?

Essentially what is the best way to go about leasing a very basic 991? Are auto brokers helpful? I don't mind waiting - should I wait for a certain special or timeframe?

I am in SoCal. Thanks in advance for any tips!

Flowmacks

63% is probably about right on a '13. I was quoted %62 on a C2S Cab last week and they're always a few points lower. Haven't seen any '13 C2 base cars out there, and with the residuals on the '14's 8-10 points higher you may be better off targeting a '14 that you like.

Parkandride

Thanks for the reply. So are you saying the residuals on a 2014 are between 71-73%? I only said 2013 because I thought it would be less expensive to lease.

I suppose this would also mean there would be less discount on MSRP than the 7-17% I mentioned. Any idea what I could expect?

Flowmacks

Yes, they should be in the low 70's unless they've changed something with the Q1 program.

Several posters here have gotten 6-7% on custom orders, so I would assume you could do better on a car off the lot.

Dalema

You can also find good leasing discussion over on the Edmunds townhall site. Porsche fixes the residual based on model / lease length / mileage. There is a base rate for the Money factor (interest rate) - but some dealers try to up charge. This may be offset by a bigger discount on the car price so you just have to run the numbers.

http://forums.edmunds.com/discussion...-questions/p34

PeterC4

You want to get the residual value as high as possible as that will help reduce monthly payments. Leasing has its virtues...it helps alleviate residual value risk. Even when you pay cash depreciation is costing you.

kitwetzler

Residual is non-negotiable. They took a huge dive Nov-> Dec so the 13s are looking pretty bad right now, for leases, despite the huge savings.

PeterC4

Technically maybe not, but if the residual amount is in the 63% range, based on list price, then buyers should consider the kind of discount they might negotiate on the in-going capital cost. If it is actually 63% of the discounted amount, then you have to be careful to understand both amounts - they will ultimately impact the NPV on the lease and the payments, assuming competitive interest costs.

DvidzBlk991

My 2 cents:
- Residual on my brand new Black 2014 C2 PDK I think was 74%.-- 10K Miles/year, 27 month lease
- Discounts vary from region to region and from dealership to dealership.
I'm also in Southern California, where discounts aren't the best IMO, and I got 5% off my ordered C2. Buying something off the lot often times will get you a better price than placing an order. However by placing an order you can get exactly what you want and not pay for all the VERY expensive Porsche options that you don't really want or need. With an order though comes a wait. For example I had to wait 3 months to get my car.
-You can order from any dealership nationwide but you will have to pay that shipping cost most likely to have it delivered to you. Its better if your going to order a car, to order it from a local dealership.
-Often times the end of the month and particularly the end of the year are good times to purchase a car off the lot. When ordering a car timing doesn't play too much into the equation.
-Money Factor is also a very important piece of the puzzle in determining your lease payment as well.
-Good credit never hurts either,,,
Hope that was helpful..Good luck with your purchase.

MerlinsGarage

24k miles in 2 years will be a substantial increase to the cost equation.