neurotic

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.

Larry Cable

if your score is greater than 740 then you are tier 1 PFS which is 0.0020 MF

Larry Cable

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.

Axxlrod

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!

neurotic

Thanks guys. Is 68% residual on the final selling price after taxes or pre-taxes?

Dalema

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.

GreenLantern

Residual is based on MSRP (subject to an MRM -- Maximum Residualized MSRP). This is set by the finance company (in this case, Porsche Financial Services) and is non-negotiable.

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.

+1

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.

Homeles

But it cash!

Bandit201

You can always count on Cable and Lantern to help!

Larry Cable

we aim to please!

david991

Would you mind sharing what the monthly payment is? Based on my math I calculated $1,122, but that seems too low for a car with a $116k MSRP.

GreenLantern

neurotic

The final selling price for the car after taxes is $125K. Assuming residual of 68% & no down payment besides fees & first month payment: MF of .0028= $18xx per month MF of .0020= $16xx per month

The difference between .0020 & .0028 is ~150$

These numbers are for 5k miles per year.

LexVan

Damn, 7% off a GTS. Nice work, Neurotichamster8!

cutolo91

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 ?