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Anyone lease a Targa yet?

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Old 05-01-2014, 02:15 PM
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Fundip
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Default Anyone lease a Targa yet?

Dealer quoted me around $2800 / month all-in on a 4s, which comes out to US$2554. Sounds kinda steep, what are others paying?

6.5% APR
36 months
Cash price: $145k + 13% tax
$2500 down
Old 05-01-2014, 02:45 PM
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Team Plutonium
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Nuts, I pay half for my 991S.
Old 05-01-2014, 02:50 PM
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MKW
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Originally Posted by Fundip
Dealer quoted me around $2800 / month all-in on a 4s, which comes out to US$2554. Sounds kinda steep, what are others paying?

6.5% APR
36 months
Cash price: $145k + 13% tax
$2500 down
did they take you for a someone who stumbled in after falling of the hay wagon ?
Old 05-01-2014, 03:01 PM
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Quest911
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Originally Posted by Fundip
Dealer quoted me around $2800 / month all-in on a 4s, which comes out to US$2554. Sounds kinda steep, what are others paying?

6.5% APR
36 months
Cash price: $145k + 13% tax
$2500 down
Fundip ? Where are you in Canada?....that sounds like you could get a Turbo S for that!
Old 05-01-2014, 03:13 PM
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Fundip
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I'm in Toronto.

Any suggestions? I really want one but that price looks ludicrous to me. Anyone know a good salesperson?

It has to be a lease.
Old 05-01-2014, 04:47 PM
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MJBird993
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13% = 18,850 which gives a total of $163,850. Since residual is probably around 70, you're financing nearly $100K over three years, so that number actually makes sense.

Maybe you should buy a cheaper car?
Old 05-01-2014, 09:51 PM
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Quest911
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Originally Posted by Fundip
I'm in Toronto.

Any suggestions? I really want one but that price looks ludicrous to me. Anyone know a good salesperson?

It has to be a lease.
See Stuart Drummond at Pfaff Porsche, he is great. I got my car from him, he is so passionate about special orders and not adding options that will just cost you more$$$$.

Tell him Bob sent you.
Old 05-01-2014, 10:30 PM
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For $2800 it better have a backyard.
Old 05-02-2014, 12:08 AM
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Fundip
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Originally Posted by MJBird993
13% = 18,850 which gives a total of $163,850. Since residual is probably around 70, you're financing nearly $100K over three years, so that number actually makes sense.

Maybe you should buy a cheaper car?
Residual is 53%.

I can afford it, I just want to know if the numbers sound right.
Old 05-02-2014, 12:43 AM
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Z356
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Originally Posted by Fundip
Residual is 53%.
The reason that residual is so low is the MRM on your Targa 4 or 4S - base & options! The following is a quote I noticed & marked at an Edmunds leasing forum:

"The problem you'll run into with any Porsche lease is they all have a maximum residual amount (MRM) that varies by model. If your MSRP exceeds that amount, the lease price skyrockets."

Last year I heard that MRM on a C2S was approx. US$125K. It will be slightly higher on a 4 or 4S Targa...but I don't know by how much. On the other hand, some base 991 Carrera 2's have residuals in excess of 70%!

Saludos,
Eduardo
Vail Valley, CO
Old 05-02-2014, 01:05 AM
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wanderfalke
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Simply put any combo of options more than 20,000 dollars over the base price for any given model the buyer has to pay the entire amount.
Old 05-02-2014, 11:15 AM
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Dalema
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As Eduardo intimated above edmunds townhall forum is a great source of info and for asking lease questions on residuals etc.

http://forums.edmunds.com/discussion...-questions/p38
Old 05-04-2014, 11:15 PM
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Justin N
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That math makes some sense. In my opinion 20k (ish) of options on a 991 allows you "cover all of your bases". Anything past that and you start to get into territory that would be considered taste specific and not items good for resale to a wide audience. Anything past that 20k mark and the bank is letting you take the risk.



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