Residuals on TT?
12-09-2002, 12:33 PM
#1
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Residuals on TT?
I am considering leasing my TT, and last month was told by my dealer that the residual on a TT was 70% at 24 months, and 67% at 36 months. These were residuals given to me based on a one pay 24 and 36 month lease. Now Im told the residuals have dropped to 66% for 24 months and 64% for 36 months. Is the market that bad??? Anybody know current true residuals for the TT? Think I will just buy the beast outright.. <img src="confused.gif" border="0">
12-09-2002, 02:45 PM
#3
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check out these rates at <a href="http://www.leasecompare.com" target="_blank">www.leasecompare.com</a>
2001 PORSCHE 911 TURBO, 2d Cpe
Term 36 Months Lending Source Lease Quote A
Mileage Allowance 36,000 total miles Current Retail $112,775
Residual Value $72,292 Purchase Price $105,000
Money Factor 0.00216 Cap Cost Reduction $0
Mileage Penalty $0.18 per mile Monthly Payment $1,320
Gap Insurance Included Security Deposit $0
Acquisition Fee Included ($795) Disposition Fee $395
Purchase Option $72,642 Total Due at Signing $1,320 + tax & license
2001 PORSCHE 911 TURBO, 2d Cpe
Term 36 Months Lending Source Lease Quote A
Mileage Allowance 36,000 total miles Current Retail $112,775
Residual Value $72,292 Purchase Price $105,000
Money Factor 0.00216 Cap Cost Reduction $0
Mileage Penalty $0.18 per mile Monthly Payment $1,320
Gap Insurance Included Security Deposit $0
Acquisition Fee Included ($795) Disposition Fee $395
Purchase Option $72,642 Total Due at Signing $1,320 + tax & license
12-09-2002, 08:50 PM
#5
TestnDoc
I am going to pick up mine in few weeks and would like to lease
My dealer told me the rates for 10k, 48 months
with porsche finance
.00310, 61%
with chase
.00272, 64%
with leasecompare.com
.00185 56%
I am going to pick up mine in few weeks and would like to lease
My dealer told me the rates for 10k, 48 months
with porsche finance
.00310, 61%
with chase
.00272, 64%
with leasecompare.com
.00185 56%
12-09-2002, 08:56 PM
#6
Rennlist Member
Thread Starter
Drk,
Are you going with chase? 64% seems to be a good residual. Im considering a one pay lease, which lowers the money factor, but not as much as I assumed it would.
Regards
Are you going with chase? 64% seems to be a good residual. Im considering a one pay lease, which lowers the money factor, but not as much as I assumed it would.
Regards
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12-09-2002, 09:57 PM
#8
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Drk,
You need to have a little discussion with you Dealer.
He can certainly give you a Porsche Money Factor of .0031, that should make him very, very happy.
He may say "drk has been very, very good to me"
Based upon those numbers, I'd be looking actively for another dealer, that one is not doing you any favors.
Send me a private email and I'll give you some standards for comparison.
You need to have a little discussion with you Dealer.
He can certainly give you a Porsche Money Factor of .0031, that should make him very, very happy.
He may say "drk has been very, very good to me"
Based upon those numbers, I'd be looking actively for another dealer, that one is not doing you any favors.
Send me a private email and I'll give you some standards for comparison.
