A little bit frustrated . . .
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Joined: Jul 2016
Posts: 79
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A little bit frustrated . . .
If you go to the Porsche USA website they advertise a national offer on a 2017 911 Carrera lease. About $7500 out of pocket and $1150 a month for 36 month (or 30 months, I don't remember now). MSRP on the car around $104,000. I guess the dealer knocks $5000 off the price and the buyer puts down $5000, and the capital cost is $94,000. Fine.
Problem is - that car hradly exists in the wild at all. How in the name of Zues do you get this deal??
Problem is - that car hradly exists in the wild at all. How in the name of Zues do you get this deal??
Three Wheelin'
Joined: Jul 2008
Posts: 1,288
Likes: 13
From: Jacksonville, FL
It is more of a "sample" offer rather than on a specific VIN, as long as you select a base coupe with zero (0) options. None of those exist in inventory since no dealer orders a base coupe with zero options to put on their lot. You would need to order one specifically, but the fine print may say "from existing dealer inventory".
So you would order a zero option car with a paint color from the "Standard Colors" list, and Interior Color from the Standard Interior Colors list.
Even one option box ticked and the price starts to climb on the lease.
Or perhaps this a Base coupe with a specific option package or set of option packages such as is often seen on initial allotment cars when a new model comes out. PCNA specs a few hundred initial cars so each dealer has a few to floor plan. PCNA will pick the colors and the options and each different model has this "package". Then each dealer gets an allotment of these cars to get the ball rolling with orders.
And MSRP of $104,000 would indicate about $13,000 in options on a Base coupe.
So you would order a zero option car with a paint color from the "Standard Colors" list, and Interior Color from the Standard Interior Colors list.
Even one option box ticked and the price starts to climb on the lease.
Or perhaps this a Base coupe with a specific option package or set of option packages such as is often seen on initial allotment cars when a new model comes out. PCNA specs a few hundred initial cars so each dealer has a few to floor plan. PCNA will pick the colors and the options and each different model has this "package". Then each dealer gets an allotment of these cars to get the ball rolling with orders.
And MSRP of $104,000 would indicate about $13,000 in options on a Base coupe.
Race Director
Joined: May 2015
Posts: 13,163
Likes: 3,919
Race Director
Joined: May 2015
Posts: 13,163
Likes: 3,919
Yeah but that's the only way to get a Porsche exactly the way you want it. Given all the options available, buying out of dealer stock is going to mean settling on some things. And low optioned cars aren't all that common.
Racer
Joined: Oct 2015
Posts: 391
Likes: 28
If you go to the Porsche USA website they advertise a national offer on a 2017 911 Carrera lease. About $7500 out of pocket and $1150 a month for 36 month (or 30 months, I don't remember now). MSRP on the car around $104,000. I guess the dealer knocks $5000 off the price and the buyer puts down $5000, and the capital cost is $94,000. Fine.
Problem is - that car hradly exists in the wild at all. How in the name of Zues do you get this deal??
Problem is - that car hradly exists in the wild at all. How in the name of Zues do you get this deal??
Call dealers around your area and/or look at their inventory online. Porsche had a similar deal going on in 2013 and there were plenty of cars in that ballpark price range. Of course, the final payment is usually higher than the advertised price.
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Pro
Joined: Feb 2006
Posts: 525
Likes: 35
From: central IL
Definitely a sample offer which is why the fine print says "requires dealer contribution which could affect price".
Based on the MSRP and the "dealer contribution" it looks like you get a 4.99% discount without having to negotiate. Probably could do better with some patience.
And of course anything else rolled into the total (taxes, license & registration) will add to the payment unless you pay those out of pocket.
At least there is no security deposit!
Based on the MSRP and the "dealer contribution" it looks like you get a 4.99% discount without having to negotiate. Probably could do better with some patience.
And of course anything else rolled into the total (taxes, license & registration) will add to the payment unless you pay those out of pocket.
At least there is no security deposit!
Racer
Joined: Oct 2015
Posts: 391
Likes: 28
Definitely a sample offer which is why the fine print says "requires dealer contribution which could affect price".
Based on the MSRP and the "dealer contribution" it looks like you get a 4.99% discount without having to negotiate. Probably could do better with some patience.
And of course anything else rolled into the total (taxes, license & registration) will add to the payment unless you pay those out of pocket.
At least there is no security deposit!
Based on the MSRP and the "dealer contribution" it looks like you get a 4.99% discount without having to negotiate. Probably could do better with some patience.
And of course anything else rolled into the total (taxes, license & registration) will add to the payment unless you pay those out of pocket.
At least there is no security deposit!
Good catch. The "dealer contribution" in 2013 was Porsche's Conquest (?) program. They would pay up to $4,500 on a current lease of yours (3 payments of $1,500) to get you into a P car.
Track Day
Joined: Sep 2016
Posts: 15
Likes: 0
FYI. Did "the math" as outlined in another thread. Using the info found here: http://porschedealer.com/pfs/
MSRP 104880
Sale price 94890
36 months
Monthly payment 1149
MF = 0.002 (the base/buy rate)
MSRP 104880
Sale price 94890
36 months
Monthly payment 1149
MF = 0.002 (the base/buy rate)
Rennlist Member
Joined: Jul 2012
Posts: 7,928
Likes: 3,143
From: US
2017 911 Carrera Coupe
Monthly Payment: $1149
Term: 36 months
$7,149 due from customer at lease signing.
Actual lease price determined by your authorized Porsche Dealer; your payments may vary. Closed-end lease offered to qualified lessees with approved credit by Porsche Financial Services through participating U.S. dealers. Must take delivery by 9/30/2016. Estimated payments based upon MSRP of $104,880 (includes delivery, processing, and handling fee) for a Model Year 2017 911 Carrera Coupe with the following options: Premium Package Plus (Power 14-way Sport Seats), Metallic Paint, BOSE® Surround Sound System, 20-inch Carrera S Wheels, Electric/Slide Tilt Sunroof, Sport Chrono Package and Lane Change Assist. Model pictured may have optional features and equipment. Price excludes title, taxes, registration, license fees, insurance, and maintenance. Lease payments of $1,149.40 for 36 months total $41,378.40 based on the adjusted capitalized cost of $94,890 (requires dealer contribution which could affect price). Total due from customer at signing $7,149.40 (first month’s payment, acquisition fee of $995, and capitalized cost reduction of $5,005). No security deposit required. At lease end, lessee pays excess wear, $.30/mile over 30,000 miles and $350 termination fee. Purchase option at lease end $65,025.60 plus taxes. Specific vehicles and options are subject to availability and your price may vary. For additional information see your participating authorized Porsche dealer or visit Porsche.com/usa.
Monthly Payment: $1149
Term: 36 months
$7,149 due from customer at lease signing.
Actual lease price determined by your authorized Porsche Dealer; your payments may vary. Closed-end lease offered to qualified lessees with approved credit by Porsche Financial Services through participating U.S. dealers. Must take delivery by 9/30/2016. Estimated payments based upon MSRP of $104,880 (includes delivery, processing, and handling fee) for a Model Year 2017 911 Carrera Coupe with the following options: Premium Package Plus (Power 14-way Sport Seats), Metallic Paint, BOSE® Surround Sound System, 20-inch Carrera S Wheels, Electric/Slide Tilt Sunroof, Sport Chrono Package and Lane Change Assist. Model pictured may have optional features and equipment. Price excludes title, taxes, registration, license fees, insurance, and maintenance. Lease payments of $1,149.40 for 36 months total $41,378.40 based on the adjusted capitalized cost of $94,890 (requires dealer contribution which could affect price). Total due from customer at signing $7,149.40 (first month’s payment, acquisition fee of $995, and capitalized cost reduction of $5,005). No security deposit required. At lease end, lessee pays excess wear, $.30/mile over 30,000 miles and $350 termination fee. Purchase option at lease end $65,025.60 plus taxes. Specific vehicles and options are subject to availability and your price may vary. For additional information see your participating authorized Porsche dealer or visit Porsche.com/usa.
PFS typically isn't very generous on interest rates.
Burning Brakes
Joined: Apr 2015
Posts: 856
Likes: 11
This is normal. Land Rover does the same... National ad, but on a car that no dealers actually have. I don't think it's a gimmick, it's just luck if the car is in stock & your local market conditions/if the dealer is willing to do.