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Help! Newbie with a lease

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Old 09-28-2016, 04:36 PM
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southjersey
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Default Help! Newbie with a lease

Hi,

Never leased. Was patiently waiting to get a used 991.1 but was always a step or two too late. Now thinking of leasing. What do you think about this offer:

2017 C2 991.2
MSRP: 124530
Sale price: 115000

27 months/5000 mi
Residual 69%
MF 0.00265
Monthly 2154.78
Money due at closing 4170

36 months/5000 mi
Residual 64%
MF 0.00251
Monthly 1872
Money due at closing 3885

39 months/5000 mi
Residual 62%
MF 0.00247
Monthly 1814
Money due at closing 3827

I am thinking the residuals are too low.
Dealer says MF is from Porsche financial. How do I get buy MF 0.002 I ask he said no.

Thanks for the help.
Old 09-28-2016, 05:34 PM
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sp330
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Originally Posted by southjersey
Hi,

Never leased. Was patiently waiting to get a used 991.1 but was always a step or two too late. Now thinking of leasing. What do you think about this offer:

2017 C2 991.2
MSRP: 124530
Sale price: 115000

27 months/5000 mi
Residual 69%
MF 0.00265
Monthly 2154.78
Money due at closing 4170

36 months/5000 mi
Residual 64%
MF 0.00251
Monthly 1872
Money due at closing 3885

39 months/5000 mi
Residual 62%
MF 0.00247
Monthly 1814
Money due at closing 3827

I am thinking the residuals are too low.
Dealer says MF is from Porsche financial. How do I get buy MF 0.002 I ask he said no.

Thanks for the help.
Did you talk to any other dealers? Standard MF is .002 but it may be higher due to this being a new model.

If you still want used go to the HFS thread there are many good cars in there.

https://rennlist.com/forums/991/8636...1-1-a-367.html
Old 09-28-2016, 06:08 PM
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grendel88
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Keep waiting on 911.1, many leases expiring and good deals to be had, especially going into Fall and Winter.
Old 09-28-2016, 06:27 PM
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Cristophosphorus
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The residuals seem correct (they're fixed and straight from PFS, so you can actually ask the rep to show it to you in their book). If they refuse, walk away. I did this twice with LA dealerships and had them calling me back within 5 minutes. Screw that.

Otherwise, yes, the MF is a bit on the higher side. I believe the PFS mandated rate is .002, and obviously dealers charge more than this. You *can* negotiate it lower, but it depends on your negotiation skills and how well your salesman plays along.
Old 09-28-2016, 07:10 PM
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southjersey
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Thanks for the replies. I was lurking about the HFS thread for 1-1.5 months with no luck. Still lurking, but I'm tempted by a 991.2 that is in stock at a local dealer.

I did "the math" as was posted in another thread.
The month payments for the 36 month option should be $1572. I was quoted $1872. What gives?
Old 09-29-2016, 10:22 AM
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Jonathan Lord
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One - think that you are getting a good price.
Decision is to lease is a "religious" one - I like to lease; keeps the choice to either trade up or keep a car that you love after you have lived with it. If you are thinking about keeping the car after the term - it becomes a math equation - 12 months x the difference in lease payments compared to 62% vis 69%. Guessing that it will be pretty close.
Good luck
Old 09-29-2016, 10:50 AM
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Bradley Scott
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That's a nice discount off MSRP. I got very similar.
Old 09-29-2016, 11:12 AM
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dgp
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Originally Posted by Cristophosphorus
The residuals seem correct (they're fixed and straight from PFS, so you can actually ask the rep to show it to you in their book). If they refuse, walk away. I did this twice with LA dealerships and had them calling me back within 5 minutes. Screw that.

Otherwise, yes, the MF is a bit on the higher side. I believe the PFS mandated rate is .002, and obviously dealers charge more than this. You *can* negotiate it lower, but it depends on your negotiation skills and how well your salesman plays along.
If the residuals are correct, can you check to see if 30/42/48 months C2 residual is 67%/58%/54%? Thanks
Old 09-29-2016, 12:19 PM
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go.illini
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Originally Posted by Bradley Scott
That's a nice discount off MSRP. I got very similar.
First off, this is a base with an MSRP of $124k? I'd love to see the build sheet on this car!

Second, an 8.3% discount seems really good especially on the .2? I've not been able to get anything near that. Is it just particular cars or am I not as good a negotiator as I think I am?
Old 09-29-2016, 12:24 PM
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go.illini
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Oh I think I found it. Is it white? Looks like warranty was punched in May which would explain the big discount.
Old 09-29-2016, 12:59 PM
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GTOWN83
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FWIW - I leased a 2016 991.1 C2Cab March 31st. Sticker 117K, which they discounted 9K. 11K down. 30 month lease, 10K miles a year. My lease payment is 1199.
Old 09-29-2016, 01:02 PM
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southjersey
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It's white. How did you find out it's warranty has started?

Here's the VIN WP0AA2A97HS106830
Old 09-29-2016, 01:03 PM
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southjersey
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Can anyone comment on the lease payment I was quoted? I calculated it myself and came up much lower month payments. Is the dealer play games with the numbers?
Old 09-29-2016, 01:57 PM
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Jeffdehr
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Based on the numbers you posted I calculate the monthly payments as:
27 months = $1609.28
36 months = $1469.27
39 months = $1443.77

The above are based on the horrible MF you listed. My numbers do not include tax, but that would be about $150 a month.

No idea where your dealer came up with the monthly payment amount. Looks about $400 too much per month to me.
Old 09-29-2016, 04:12 PM
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brownan
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Wow they're already blowing out 991.2s at almost $10k under? Doesn't bode well for depreciation....you're probably smart to lease.


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