Greetings!
Does anyone have the October 2016 lease rates and residuals for 2016 991 models? I cannot seem to find any in my google machine.
Thanks!

 

In Canada, my sales associate tells me there are no changes to residuals for Q4. I'm assuming the lease rate hasn't changed either (4.92%). He checked with Porsche head office in Toronto after I requested the same information from him yesterday.

 

Just leased a 2017 911 base coupe. 27 mo, 68% res, .0002 MF(tier 1 credit), 7500mi/yr 5% off list, no money down for cap cost except regular 995 acquisition fee, tax title etc. for 24 mo it was 70% res

 

Thanks for the info, but what's the payment?

 

If you have the MSRP, residual, money factor and negotiated price as well as the MRM, you can easily work it out yourself. Everyone's deal and payment will be different because the option list on every car is different.

 

1470/month before tax. In florida tax adds 6% to that payment. Car had 20k in options, 109450 list, 108700 mrm, 104k sales price. Plus porsche lease conquest bought out 3 remaining lease payments on my current car(up to 4500). I use and deduct through my business, so this is a no brainer for me. I've owned two 911's from new, and this is my second lease. Yes APR of 4.8% is high relative to borrowing rates today. But if you're in a high tax bracket, the write off makes it reasonable, and this is a car for gods sake. You will lose money always no matter what, and from my experience owning two before this, if you ever have an accident-even a SMALL one the value of the car dissipates. I hate dealing with selling 911's as the used car buyers all expect a new car when they come to see it...

 

Interesting to compare, that's almost exactly what I pay for my new to me CPO '13 S that listed for $130k new. No money down except my $4000 net trade value, 66 months, but I don't intend to keep it that long.
I'd consider leasing again if the tax laws didn't suck here, we have to pay tax on the entire purchase price.

 

Thanks for the specific info -- and you make an excellent point. (FYI I'm a tax accountant and give this advice frequently). Unless you buy a truck or SUV with a GVW of over 6000 lbs, it is very hard to get a meaningful income tax break for the business use of a high dollar car purchase. So, if you use your car for business purposes, you must lease.