alex911s

Porsche have specials of .00167 money factor on 2 year lease..

but the best deal is the carrera's cause the residual value is 71%..lol

I guess theyre prepping us for the 2012 991?998?

the payment quote was only around $800-900/month on an $87,000 car..

that's cheaper than the loaded Cayman S

At Law

ONLY $900 per month?

That's $24,000.00 plus a down payment over the course of 2 years,
with a limit of most likely 20,000 miles. That sounds high enough to me.

Why not buy a 2008 or 2009--you would really have to pay too much to
lose $24,000+ in depreciation over a two year period.

I bought my 2006 a year and a half ago with 5,000 miles, and it hasn't depreciated $1.00.

Then again, I don't have to have a brand new car.

boolala

Let's see how good this deal is:

Let CC be your cap cost (I'm assuming they do not require a down payment othewrwise the deal is even worse), so:

the residual is 87000*0.71 = 61770

the depreciation is (CC - 61770)/24 (24 months is the lease term)

the rent charge is 0.00167*(CC + 61770)

The sum of these two is equal to the monthly payment (to which you would have to add state tax however it is calculated in your particular state). So:

(CC - 61770)/24 + 0.00167*(CC + 61770) = 900

solving for your cap cost you get a cap cost of $77726.
If the monthly payment is 800 a month your cap cost is $75421.

alex911s

this is Porsche's normal rate.... lowest money factor was .00250

cant beat the deal especially if buyers are planning on moving up to the 991..

the 2 year lease is best, dont have to worry about how to get rid of the car.. especially

crazy car guys like me...lol

2010 Porsche 911 Carrera Coupe
24 Month – Residual 61% of MSRP – .00320 Base Rate
36 Month – Residual 54% of MSRP – .00320 Base Rate
48 Month – Residual 47% of MSRP – .00320 Base Rate
60 Month – Residual 40% of MSRP – .00320 Base Rate

2010 Porsche Cayman
24 Month – Residual 56% of MSRP – .00320 Base Rate
36 Month – Residual 53% of MSRP – .00320 Base Rate
48 Month – Residual 42% of MSRP – .00320 Base Rate
60 Month – Residual 36% of MSRP – .00320 Base Rate

Dave I

Base rate is .0032? That's crazy...even IRS charges a lower rate than 8%.

jjlawyer

I just got a 2010 Carrera - 88K msrp payment came to 998 per month including ca tax with about 2k down. Dealer came about 13.5k off msrp. I doubt a used car would cost much less over 3 years. You might be able to score a nice 08 s for about 60K but more likely 70k. With the 2012 out, I got to think an 08 would take a pretty big hit in 3 years, not even being a 997.2. And in CA you are going to pay 10% on that used car so 7K is gone from day one.

At Law: I dont know about the mid west but I was in the market used before I went new and an 06 997 with about 30K miles would probably go for about $40-45k. If you dont mind what did you pay?

buckwheat987

yes it has...don't fool yourself.

Its not dropped much but you cant get what you paid for it unless you bought it from a friend who owed you a favor.

I am pretty sure what you paid for it gets a buyer an "S" now.

mooty

it's >4% apr, aint that good

why is cay and box not included? why is it all the cars i like are not in the program. GT3, GT2, TTS, CGT...

At Law

I bought mine from another attorney who was buying a new GT3.

Just out of curiosity, what do you feel an '06 is worth with the
following options:
12,500 miles
GR/Black
PASM
PSE
19" lobsters
6-Speed
Heated seats/power seats
BOSE
Sport Shifter
Absolutely mint condition

GHills

42K, if you can find a lawyer to sell it to

buckwheat987

Ha...that's the exact number i had in mind when I read atlaw's description and before I read ur post.

I don't think he needs to sell it to another lawyer but 42-43K is tops private sale. The red makes it tougher to sell; although I personally think its the best color.

35K tops for a trade in dealer. Around 50K gets you 06S territory.



I have an 05 that is very lightly optioned. I wanted it that way since this was a car I was going to use to learn how to drive on the track. It had 37K mile and I got in 4/09 for 41K with CPO. At 37.3K miles I got a brand new engine thanks to CPO and the dreaded IMS.

It's in good condition and at evey DE people come up to me thinking its brand new. (i'm good with an orb buffer) I dont think i can get better than 35K for it even with a new engine. But I dont want to sell. It worth more to me than that and I can drive it hard at the track and if something happens, such is life.

IMO guys like me and atlaw that got great deals should keep them for a long time.

Now if another great deal comes long I may part with my two porsches for a great 997.2 S or gt3 but I'm in no rush. However when I go to DE's and see drivers in similar or less powerful cars do incredible things on the track I realize that I have a great car to learn with and am happy to own one.

At Law

That's about where I put it. Although, I personally wouldn't take
less than $45k, based on the fact that I know I couldn't replace it for less than that. It is a toy for me and I get great deal of enjoyment from it.

I, like buckwheat, have no interest in selling unless a heck of a deal on
a GT3 comes along.

mdrobc1213

At law...curious but off the topic I know...how do you like your 08 Range Rover Sport? Wife has a Cayenne S 2009 and always liked that car. Thought of picking one up oneday. Any tips/thoughts/wave offs?

Also I agree..sold my 05 Carrera (artic silver) when didn're really need to and always regretted it. Now have an 09 Carrera S which is great but am making up for 3.5+ yrs lost on it of things/mods/$ spent on the new car.

alex911s

cool!!! congrats!!

alex911s

those cars i like too..lol