991carreradriver

Just replaced my NYC commuter car today. Leased a Toyota Camry. The money factor was .001. I was never able to obtain better than .0020 from PFS. It seems to me that they not only markup options insanely, but also leasing financing.

Dewinator

You're right, leasing a 911 is stupid, it's much better forever.

I have no idea what a money factor is. Sounds made up.

917k

To OP: no, we're not, it's just that they can.

Money factor is an alt way to present APR:

MF * 2400 = APR, so above 0.001 * 2400 = 2.40%

PFS 0.002 * 2400 = 4.80%

manitou202

I thought the stupid part was going to have to do with leasing a Camry.

991carreradriver

Listen, we have pot holes in NYC that they could charge tolls to drive over. At $4,000 per wheel and tire, I will go with the Camry any day.

Dewinator

Maybe the stupid part is living in NYC.

I still don't understand why a lease (long term rental) would have any sort of interest rate.

tgcrun

Not really. In some instances leasing makes a lot of sense. Particularly when you can use your car for business purposes and take advantage of the income tax deduction benefits. It also makes sense if you want to free up cash for investments that will achieve a higher rate of return than the interest rate used in the lease payment calculation. Lastly, some simply want a new car every few years and would rather not deal with trade-in value or selling a car on the private market. I happen to meet all three criteria, so I lease both my 911 and Macan.

As for the OP's comment, Toyota sells zillions of Camrys, so they're always offering deals to move them. One of my friends just leased a Hyundai Sonata for about a tenth of what I pay for my C4S monthly. Porsches are expensive. That's just the way it is.

STG

What on earth is the point of this thread??

Comparing a Camry lease to a 911?

Maybe Porsche should compete with Toyota??

Lease a Macan. Can't go wrong. Nice daily beater.

991carreradriver

You are correct, NYC is the worst place on earth to live, the theater, museums, nightlife and culture are just terrible. I won't even speak about how our city came together on September 11, 2001. Colorado would not even know it was attacked because the population would be too stoned to know the difference. Stay on your side of the Rockies and I will be very happy. Also, I respectfully ask you to respond to the post with a contribution to the subject matter, not just your juvenile comments. You attack NYC and you attack me. If you own or lease a P-car you should be smarter than that, unless you are a trust fund baby.

991carreradriver

The point was that Germany is doing a lot better with the Euro than the Yen, so why double the rate??????

STG

Three words.

BECAUSE

THEY

CAN

Same reason they charge the $$ they do.

pfan

991carreradriver

You are correct, they can because we allow it - Hence, we must be stupid. I don't mind paying $600+ for a sport mirror that does not do what a standard mirror does, but that is an artistic or aesthetic choice. The use of money, is not in the same category IMHO.

Duke I

I spent 25 years working in NYC. Loved my work, the city and the passion of the people. Great city, great people. I too "go NYC" from time to time when someone is deserving.

STG

Just last week

https://rennlist.com/forums/991/9322...-kool-aid.html

We can run around in circles all day about this subject. Porsche charges what demand will bear. Judging by their record breaking sales over the last couple years, they have it figured out. Just like any free enterprise company would.

We can complain all we want. I say focus on what you can control and choices you make that are right for yourself.

Me personally, I have a better chance working harder and making more money than convincing Porsche they're charging too much.