Lease maths game
#1
Rennlist Member
Thread Starter
Lease maths game
Hello guys;
I was set to finance my GTS but looking into a lease now due to possibility I might want to upgrade to a GT3 in the future. These numbers are for a 991 2015 GTS w/ a negotiated selling price of $116K pre-tax (after a 7% discount).
27 months, 5K miles/year, $3K down (first payment + fees)
MF=.0028
Residual=85,700
I have never leased a car before, so this is pretty new to me. The MF seems a tad high for me; I have credit rating of >800. I'll be more happy w/ a MF of .0022 or .0020. If I finance, I am looking at the following: 60 months @ 1.74-2% w/ ~30K down.
Any advice is welcomed.
I was set to finance my GTS but looking into a lease now due to possibility I might want to upgrade to a GT3 in the future. These numbers are for a 991 2015 GTS w/ a negotiated selling price of $116K pre-tax (after a 7% discount).
27 months, 5K miles/year, $3K down (first payment + fees)
MF=.0028
Residual=85,700
I have never leased a car before, so this is pretty new to me. The MF seems a tad high for me; I have credit rating of >800. I'll be more happy w/ a MF of .0022 or .0020. If I finance, I am looking at the following: 60 months @ 1.74-2% w/ ~30K down.
Any advice is welcomed.
#2
Rennlist Member
Hello guys;
I was set to finance my GTS but looking into a lease now due to possibility I might want to upgrade to a GT3 in the future. These numbers are for a 991 2015 GTS w/ a negotiated selling price of $116K pre-tax (after a 7% discount).
27 months, 5K miles/year, $3K down (first payment + fees)
MF=.0028
Residual=85,700
I have never leased a car before, so this is pretty new to me. The MF seems a tad high for me; I have credit rating of >800. I'll be more happy w/ a MF of .0022 or .0020. If I finance, I am looking at the following: 60 months @ 1.74-2% w/ ~30K down.
Any advice is welcomed.
I was set to finance my GTS but looking into a lease now due to possibility I might want to upgrade to a GT3 in the future. These numbers are for a 991 2015 GTS w/ a negotiated selling price of $116K pre-tax (after a 7% discount).
27 months, 5K miles/year, $3K down (first payment + fees)
MF=.0028
Residual=85,700
I have never leased a car before, so this is pretty new to me. The MF seems a tad high for me; I have credit rating of >800. I'll be more happy w/ a MF of .0022 or .0020. If I finance, I am looking at the following: 60 months @ 1.74-2% w/ ~30K down.
Any advice is welcomed.
#3
Rennlist Member
also ... the residual for a GT2 Coupe 5k for 27mths should be 68%
PM me your email... I'll share the document I'm pulling this from.
PM me your email... I'll share the document I'm pulling this from.
#4
Larry will send you the info you need. You've already negotiated the discount, all that is left is to ensure that the MF is correct (.002) and acquisition fee is not marked up. Residual is set by PFS and can't be changed.
I also leased mine for the same terms you are.
Good luck!
And pics!
I also leased mine for the same terms you are.
Good luck!
And pics!
#5
Rennlist Member
Thread Starter
Thanks guys. Is 68% residual on the final selling price after taxes or pre-taxes?
#6
Rennlist Member
I would just add - I don't believe in putting money down. Sure it lowers your payment, but if you exit the lease early (say using the 12 month lease pull in they offer, you effectively lose that money).
Also, always go with the lowest miles available (looks like you are), and just pay any mileage overage as it should work out cheaper. You can do the math on this to verify.
Also, always go with the lowest miles available (looks like you are), and just pay any mileage overage as it should work out cheaper. You can do the math on this to verify.
#7
Rennlist Member
Money Factor can be marked up by the dealer, so be careful about that. And, of course, base MF available to you is based on your creditworthiness.
I would just add - I don't believe in putting money down. Sure it lowers your payment, but if you exit the lease early (say using the 12 month lease pull in they offer, you effectively lose that money).
Also, always go with the lowest miles available (looks like you are), and just pay any mileage overage as it should work out cheaper. You can do the math on this to verify.
Also, always go with the lowest miles available (looks like you are), and just pay any mileage overage as it should work out cheaper. You can do the math on this to verify.
Never put money down on a lease (cap reduction). You lose it if the car gets totaled, or stolen (and totaled), etc., as well. It's not quite the same as putting money down when financing a vehicle.
Last edited by GreenLantern; 04-15-2015 at 11:21 PM.
Trending Topics
#10
Rennlist Member
we aim to please!
#12
Rennlist Member
#13
Rennlist Member
Thread Starter
The difference between .0020 & .0028 is ~150$
These numbers are for 5k miles per year.
#14
Banned
Join Date: Jan 2013
Location: Chicagoland Area
Posts: 26,141
Likes: 0
Received 5,407 Likes
on
2,514 Posts
Damn, 7% off a GTS. Nice work, Neurotichamster8!
#15
Mhh..….my GTS cost 140.900$, 36months, 10000 chilometer per anno, no prepayment, 1.498$ net/months. The far I know I also got more than 9% discount as the rest value is < 58%
Good deal ?
Good deal ?