What's the average lease payment for 996 & 996TT if you have excellent credit?
07-19-2002, 05:25 AM
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What's the average lease payment for 996 & 996TT if you have excellent credit?
What's the average lease payment for 996 & 996TT if you have excellent credit? With no down, 18" wheel and cd-changer.
07-19-2002, 10:59 AM
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I have seen 996 leases for under $900 with zero down. This is probably for a car with zero options($68K). A Turbo with $120K sticker would probably be about $1600/month 
. Both estimates are based on zero down and 48 month term.
. Both estimates are based on zero down and 48 month term.
07-19-2002, 01:55 PM
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My 63 month lease is $1279 a month. This includes the ridiculous 10% Pennsylvania tax on each lease payment, gap insurance, fees, etc. I did put $8000 down though... when I move to NJ next year, the monthly payments go down because NJ lease tax is much less. My 2001 turbo had 4900 miles, perfect condition (except for a slight paint chip caused by the front license plate bracket) and pretty much no options except the crests and all the seat options.
07-19-2002, 10:25 PM
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McKenna Porsche dealer's money factor rate is .00350 for 36mo. Is it too high for a used 01 Porsche Turbo w/12k miles on it? I have excellent credit, but everywhere I check online is around .00259
07-26-2002, 01:46 PM
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I'm not sure about my credit rating (above average I hope), but here's what Porsche Financial offered me for my 2002 996TT.
$26k down (included, 1st month payment, license fees, sales & luxury taxes) drive off.
$1450/month (tax included) for 36 months lease, 12k miles, with residual at the end of lease = $78k.
The way I've looked at it is you pay NOW or LATER, since I don't have a large amount for downpayment. I found this isn't a bad way for getting my "dream" car!
Good luck
$26k down (included, 1st month payment, license fees, sales & luxury taxes) drive off.
$1450/month (tax included) for 36 months lease, 12k miles, with residual at the end of lease = $78k.
The way I've looked at it is you pay NOW or LATER, since I don't have a large amount for downpayment. I found this isn't a bad way for getting my "dream" car!
Good luck
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07-26-2002, 02:06 PM
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Alan,
$26,000 down, and monthly payment of $1455!
I'm not sure what $$ factor they used though. But, like i've said...residual = $78,000 if I wanna own it at the end of the lease.
Piz
$26,000 down, and monthly payment of $1455!
I'm not sure what $$ factor they used though. But, like i've said...residual = $78,000 if I wanna own it at the end of the lease.
Piz
07-26-2002, 03:15 PM
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That sounds like they bent you over and raped you multiple times!. You never want to put money down on a lease (I learned the hard way) and the money factor they are charging you is a complete and total rip off. I don't want to go into how leasing works, but basically the dealer marks up the money factor so the finance manager can make as much money as possible. Leasing directly from a dealer is never a good way to get a deal on your lease. I just used a specialty leasing company that I have used a numbers of times and leased a 2002 TT optioned up to $124k. The monthly payment with 0 down (sales and lux tax included in lease) is $1,615 and my residual on a 5 year lease is $68,550. Email me if you want my contact person.
07-26-2002, 07:11 PM
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If you lease a car through Porsche Financial is there a fixed money factor at any given time or can the dealer mark up the interest rate and receive a financial incentive for doing so?