I'm negotiating on a GTS, and the dealer keeps coming back with some wacky payment numbers.

He doesn't seem to want to share the MF and residual he's using in his calcs.

Does anybody know the current MF and residuals for the GTS line? I've found that info for the other 991 variants, but no luck on GTS models.

Looking to do a 24 month/5k mile lease so I think the residual should be around 70% or 71%, but need confirmation.

Thanks.

 

Walk away. Sounds like a dealer that obviously is doing shady maths. There's plenty of reputable dealers in the Porsche network. If this is the game they are playing with you now, what's going to happen when you buy the car & have your money?

 

If you have the capitalized cost (negotiated purchase price ) and payment, you should be able to play with the math and get fairly accurate estimates of residual and money factor.

This is a guess - I would expect residual on a GTS to be in the 68-69% range for a 24 month/5k year lease.

 

Maybe ask a different dealer?

Here's your next best source:

http://forums.edmunds.com/discussion...-questions/p24

 

I've also looked for GTS residual numbers but never found any.

The Boxster and Cayman GTS numbers are 2% less than the S models, so we use that to back into the 991 GTS residual.

The latest C2S residual I could find was 66% for 24 months (15k miles). Add 5% for 5,000 miles and subtract 1% if you opt for PDK. Factoring in the 2% difference found in the Boxster and Cayman numbers, that would mean the residual is 69% w/manual and 68% w/PDK.

 

Really simple - if the dealer won't disclose the MF and residual go elsewhere. They are shady.
Any reputable dealer will give you that info.

 

Walk away and go to a different dealership. I dealt with the same thing when I first started looking for my C2S and was able to find a honest, fully transparent dealer that walked me through every number. Then I took my order to the first dealer and let them know this should have been theirs if they didn't try and manipulate numbers.

 

First of all, residuals should be open info. If they don't share, give them the middle finger. MF is often based on your credit and is open info. I'd expect MF 0.020, if not better. So none of this should be secretive. You cannot negotiate residuals, which by the way, are much worse than a year ago on equivalent 991's, and no longer different between PDK and 7MT. You CAN negotiate MF. The residuals can be found by searching Edmunds. However, why waste time, the dealer should show you.
Now, if this is an ordered GTS, you're in a bind if you don't like their numbers, because it's harder to walk and reorder another car.

 

+1. I think it's unanimous.

 

just FYI I passed on the info privately; since I happened to have it from a RL friendly P-brand ambassador.

 

Remember guys. If your doing euro delivery Porsche adds another .00020 on top of the base rate. So instead of base rate of .00200 it would be .00220 almost another half a ppt more just by selecting euro delivery.

 

This is news to me, what is your source for this information?

 

It's on page 28 of the Porsche incentive bulletin. It's a charge from Porsche not the dealer. Porsche also charges an extra .50 ppt on top of the base APR for those who finance. These were factors that had me lean towards a cash deal eventhough I would have preferred to lease since my past cars I've only kept on average of 2-3 years and selling them cost me money vs if I leased them in the first place. PM me if you need some specific information.

 

Thanks!

 

My personal experience with my GTS purchase is the lease on the GTS is expensive through PFS. I discovered anyway I looked at it, the purchase was a much better value.

I like leasing and usually see much lower payments. But not in the case w the GTS - payments were nearly the same as purchase.

If you take out a bank loan at say 2.9% or less, then run the amortization table. You will find that the payoff on the bank loan is substantially less than the residual (payoff) on the lease at each lease term 24,36, 48 mos.