blschaefer1

With the 991.2's arriving at dealerships, I'm wondering if anyone was gotten any lease quotes or has a copy of the rate sheet.

I'm very curious how Porsche is setting the residuals on this new model.

I called my dealer, he said he would 'get back to me' but that was few days ago.

991carreradriver

Don't really know but I would guess the residual increase will be within 70-72 percent of the price increase on base cars and 27-30 month leases as compared to the 991.1 models when new. High end builds will still be subject to the MRM.

blschaefer1

FYI, I received the following from a dealer. I only inquired for short term leases. Surprised to find the rates identical between model years.

The base model is looking even more attractive in my view for 991.2. Notice how much MRM jumped up for the 991.2 S.

"The rates and residuals are the same from 2016 to 2017 on the 911 and 911 S Coupes.

24 months 27 months 30 months
911 69% 67% 65%
911S 67% 65% 63%

The above residuals are for 15k miles/year. You add 5% to all residuals for 5k miles/year.

You add 4% for 7,500 miles/year, 3% for 10k miles/year, and 2% for 12k miles/year.

The MRM is $108,600 for 2017 911
$127,600 for 2017 911S

$106,480 for 2016 911
$123,980 for 2016 911S

The money factor is 0.0020 for both model years also."

Bemo

I have an offer for 4.5% off MSRP on a custom build and not motivated to move.

What are folks getting out there?

LCW

For a 2017 custom order? That's a fair deal currently IMO.

Bemo

Yes, 2017 custom order, thanks for the response.
Mind you I haven't yet test driven the car, which I have arranged for in 3 weeks' time.

Any clue what the pre-LCI custom orders could be had for? I'm coming from BMW and Porsche dealers seems stingy in comparison.

DTup

What is the lease MRM for 2017 S cab vs coupe?

ace37

For those who just want a quick and rough figure, I used the numbers above as a guide to come up with a "typical" lease price for a 2017 911 C2S custom order in early 2016:
2017 911 C2S (991.2) / 30 month / 12k/yr - 65% residual / mf 0.0020 / 6.85% sales tax / 5% discount

Results: About $1500/month for the basic car plus another $125 per $10k in options. Going up or down by 1% on the residual is about a $40 change if you want more or less miles per year, and a better or worse negotiated discount has a similar effect. California residents would pay another ~$50/month or so due to the higher local tax rate. Sample numbers:

$1498 / month => $0 in options = $1069 depreciation + $333 finance + $96 tax
$1625 / month => $10k in options = $1169 depreciation + $352 finance + $104 tax
$1752 / month => $20k in options = $1269 depreciation + $371 finance + $112 tax
$1792 / month => $23.15k in options = $1301 depreciation + $377 finance + $115 tax. I don't know if it's correct, but I assumed the destination fee was part of the MRM.

For comparison, using a 3% APR loan and the same 5% discount and 6.85% tax rate, the same monthly payment would purchase the car over a term of 6.5-7 years with the exact time frame depending on the price. A 2% APR loan moves that ahead by about half a year.

c_Gio

Thanks for doing... What was sticker & any cap cost reduction here?

JonDUnning

This is a very informative and valuable post. I appreciate the OP's information and the numbers that Ace ran are EXACTLY what I am looking for. Many thanks for the legwork.

Nick

for 2017. All the quotes were from Porsche financial. The highest residual was 59% on a 24 month 5000 miles.

Are the above lease quotes for Porsche or from an independent leasing firm?

oalvarez

Agreed! Great post, and one that should maybe be re-titled so to help prospective buyers of used vehicles learn how to better gauge the value of the cars in question (depreciation/residuals). Anyhoo, very useful information, and possibly the inspiration for a "what's the right price" thread that I might create.

blschaefer1

Who quoted 59% for 24 mo./5k? I was quoted 72% on a 2017 C2S. The 59% number sounds like a 36 mo. residual perhaps?

oalvarez

maybe a typo.......70%-75% for 24mo.....60%-69% definitely 36mo.

ace37

Lowest sticker I used was the base 911 C2S MSRP of $103400+$1050 destination = $104450 total. The options prices would add to that, so the $10k options case was a sticker of $114450, $20k $124450, and the MRM case was right at the listed MRM.

As stated, all of those assumed the dealer gave a 5% discount. It was said 4.5% was typical last month for a custom order, so I figured 5% was a nice round number and a reasonable place to start. As time goes, the discount should grow after launch, although the residuals could shrink slightly and reduce the benefit of a bigger discount.

Posts 3 and 4 are the sources of the input numbers.

As a rough guess I would expect the ideal 'sweet spot' lease in the 36-42 month range would be $100-$200 per month cheaper than the shorter 30 month lease scenario I showed above. I didn't find any residual figures listed or I would have run that case instead. Somewhere around a 59-62% residual sounds about right. I also did not include any deduction to residual for PDK (used to be -1% residual) - maybe that's gone away now?

Anyway, these numbers were only really intended to give a ballpark estimate for those casually looking. A lease calculator will give you get a more precise number if those estimates are encouraging. Glad to hear some found them helpful.