bernpep

Hi, I want to lease my first Porsche to get my feet wet so to speak. I'm looking at a 2011 911s at a sticker price of 105,000 discounted to 100,000.About how much should my monthly payment be with 5000 miles a year& 5000.00 down which includes first month payment but no taxes. I want to get a fair deal. Thanks in advance for any help

Dave I

How many years are you looking to lease for?

boolala

For a 36 month lease your monthly payment would be around $1400 plus tax.

You can get this info from the Porsche website lease calculator for a quick and dirty estimate but, better yet, learn the lease formula (very simple) and do your own "what ifs" using the term and estimated numbers for residual and money factor: https://my.porsche.com/usa/accessori...mentestimator/

bah212

It is important that you understand all of the lease parameters and terms then you can use one of the calculators available to determine the payments.
This site - http://www.leaseguide.com/lease01.htm
is a pretty good place to start.

bernpep

Forgot to say that i wanted a 2 year lease but the dealer is almost insisting on a 3 year. The first price I was given was $1500. per month which I thought was on the high side. Thank you.

CBnAT

They should be coming off the car more than $5k also.

boolala

All other things being equal (cap cost, money factor) a 2 year lease is more expensive on a monthly basis (in this case the lease calculator estimates $1500 a month). The reason for this is that, although your residual is higher after 2 years, on a proportionate basis it is actually lower. I.e., the shorter term savings in interest and depreciation on an absolute basis does not make up for the fact that the depreciaiton on a proportionate basis is actually greater. If you understand that a car loses a greater monthly percentage of its residual after 2 years then after 3 years you will appreciate this (and also 3 > 4and 4 > 5 etc.). Generally the longer the term the lower the monthly payments.

porsche911crazy

when I purchased my 996 C4S, I took a loan from the bank. Chase was so easy to deal with and have been banking with them for 14 years. My C4S was $86,000 without tax. I had more than half saved up in my savings, and only took out a $30,000 loan. It was much better for me this way

boolala

Not a good idea to pre-pay a lease. In case the car is totaled you are out your down payment.

PasPar2

BMW allows for multiple security deposits instead of prepay or cap cost reduction (both are gone if car is totaled like boolala said) Not sure if Porsche does too, but worth asking.

Check out swapalease to get an idea where the payment should be.. you might even find a nice take over opportunity - cheaper that way especially if the original lessee put down some $.

saeyedoc

Porsche does not allow for MSD's. The other advantage to longer lease terms is spreading out fees (like aquisition fee) over a longer period.
Like another poster said, don't put money down on a lease.
You need to know what the residual and MF are. Residual is not negotiable, depends on term of lease (# of months, miles/year). MF is negotiable. Dealer can mark this up to make more profit, I think up to a max of .0004.