Purchasing 2020 911S This Week; Any advice?
Thread Starter
Racer
Joined: Dec 2017
Posts: 281
Likes: 106
Purchasing 2020 911S This Week; Any advice?
Hi Everyone,
This is my first post here. With that being said, if this is in the incorrect area, please advise. I am looking to get into a 2020 Carrera this month but wanted to see if you folks had any advice for a (hopeful) first time Porsche owner. Any advice on how to negotiate a good price? Looking to lease, but would consider purchasing if it makes more sense. I guess i'm just trying to get any advice you folks may have. I've never tried buying a car at this price. My credit is excellent, just dont know what else to try to look into. I was told to focus on MONEY FACTOR? Watched some youtube videos on this but still not too confident. Obviously looking for a good deal but just dont know how to get one lol. Any advice would be MUCH appreciated. Thank you so much in advance!
This is my first post here. With that being said, if this is in the incorrect area, please advise. I am looking to get into a 2020 Carrera this month but wanted to see if you folks had any advice for a (hopeful) first time Porsche owner. Any advice on how to negotiate a good price? Looking to lease, but would consider purchasing if it makes more sense. I guess i'm just trying to get any advice you folks may have. I've never tried buying a car at this price. My credit is excellent, just dont know what else to try to look into. I was told to focus on MONEY FACTOR? Watched some youtube videos on this but still not too confident. Obviously looking for a good deal but just dont know how to get one lol. Any advice would be MUCH appreciated. Thank you so much in advance!
Pro
Joined: Jan 2002
Posts: 595
Likes: 47
From: Morgan County GA
Probably get more responses in the Water Cooled 992 forum. This forum is for air cooled dinosaurs.
Money factor equates to interest rate. Leases can't quote the interest rate, so they use the money factor as the euphemism. Leases are bit more involved, you need to negotiate the selling price, the residual value, money factor, and miles. All effect the lease rate. More miles, less residual, higher lease, and so forth,
Leasing is probably the most expensive way to drive any automobile, but it can certainly make sense for some scenarios.
Money factor equates to interest rate. Leases can't quote the interest rate, so they use the money factor as the euphemism. Leases are bit more involved, you need to negotiate the selling price, the residual value, money factor, and miles. All effect the lease rate. More miles, less residual, higher lease, and so forth,
Leasing is probably the most expensive way to drive any automobile, but it can certainly make sense for some scenarios.
Apologies! Appreciate your information. I'm definitely going to do some homework on your advice. Thanks so much. Really means a lot!
Intermediate
Joined: Jan 2019
Posts: 31
Likes: 14
See you when you get the bug!
As far as negotiating, sometime the sales person loses site of just who the heck worked for $100,000 +. Start at 15% off sticker and if you don't get a reaction like you are crazy and they can sell this car in a minute at that price, you probably came in too high!
As far as negotiating, sometime the sales person loses site of just who the heck worked for $100,000 +. Start at 15% off sticker and if you don't get a reaction like you are crazy and they can sell this car in a minute at that price, you probably came in too high!
Three Wheelin'
Joined: Aug 2009
Posts: 1,333
Likes: 340
From: Denver
On a brand-new model that is in high demand and has just gotten great ratings they won't do much negotiation off of sticker price. Realistically, about the most you can expect is for them to throw in clearmask, which is worth about $750.
RL Community Team
Rennlist Member
Rennlist Member
Joined: Jan 2019
Posts: 6,080
Likes: 8,987
From: Doylestown, PA
Yes, it's a brand new model with great reviews, but the vast majority of the people walking into a Porsche dealership are there for a Macan.
