500

I recently received the 07 money factor and residual info for Porsche Credit's base rates and I was surprised to see the residual on an 07 C2S coupe has dropped by a full 4% (58% 36 mos/12k per yr) since I bought in Oct! Is this considered a normal drop considering the 07's just recently came out?

Thanks

Dave07997S

Probably dropped to a more realistic value. Are they at 58% per yr. now for 36mos. 12K a year??

Dave

500

Yup as indicated above (they were 62% in Oct)...I wonder if the potential loomong facelift has anything to do with it?

jcnesq

Don't know if that's normal, but time is marching on, so it makes sense that the residual on an 07 car would drop mid-way (more or less) through the model year.

Sunshine

Did the money factors stay the same?

gota911

Agreed. Lease residual values are adjusted each month because they are driven by the depreciated value of the car.

If you were to get a lease quote today on a particular car and one month from now got another quote on the same car, I would expect that you would see a lower residual amount next month. This is because the car would be worth less (albeit a small amount) a month from now than it is today.

fast1

Agreed. Lease residual values are adjusted each month because they are driven by the depreciated value of the car.

But the lower residual value should be offset by the correspondingly lower price that you negotiated for the car.

500

The residual has dropped a full 1% each month so far for the 07's (since Oct), that's a pretty sharp decline epsecially if it continues each month going forward. The 911 has always been touted as having a very strong residual value; these new numbers don't seem to indicate it, at least from Porsche Credit's standpoint .

The base money factor only dropped from .00330 to .00320 which has a very minimal effect on the payment.

Rich.

^what he said. Took the words out of my mouth.

Dr_KarlB

So does this mean the cars coming off lease after 36 months are worth 58% of the MSRP when they were new ?

So a $100k fully car would go for $58k after 3 years ?

Thats just what ive been waiting for :-)

Greg Fishman

According to my dealer the best residual is on a std. Carrera. As of last month it was at least 2% better than a Carrera S or other model.
FWIW

500

Remember, 58% is for12k miles per year, 15k is 2% less.

Alan Smithee

Why the sad face if you already bought? It means your payments should be less than if you leased now (all other factors being equal). Or did you actually buy and not lease? Are you worried that your car will now be worth less than than you thought? You know that residual values are only very roughly based on predicted value, right? They're manipulated by financial institutions for their benefit, and don't have an effect on actual resale values over time.

Either way, don't sweat it.

Likemystoppie?

It's the price of business. Has no reflection upon ANYTHING other then the 2007MY car is almost 4 months old. That's it in a nut shell.

jcnesq

An example - when I was shopping for a new 993 in Sep 96, I was looking at 96 closeouts with 10K off MSRP. On my third trip to the dealer, a 97 Targa suddenly appeared on the floor -this was 2-3 weeks before any dealer in SoCal had 97's - and it was love at first sight. Even though I ended up paying almost MSRP on the 97 Targa, on a lease it was almost the same cost as leasing a 96 with a 10K discount, because of the difference in residuals. Of course residuals drop between MY introduction and the end of the MY!