eclou

3 yr 10k miles is 63% on the GT3. By comparo same terms on a manual TT is 65%, TT tip is 63%

mooty

so with min. drive off, the GT3 lease would be 1700 or so based on such residual assuming FICO of 700?
just my wild guess.

eclou

This is true, assuming that your F&I guy is willing to give you the money factor which you qualify for. Alot of dealerships are trying to play the good guy by not marking up the car on the front end, then fisting you on the backend by dealing a crappy rate. The published money factor is .00032 (dealership buy rate) but they can give you whatever they want.

mooty

is that the buy rate from PAG?

my guy promised me to pass me the buy rate if i leased vs. buying (he does the finance too not just sales). man, this aint right, it's too cheap. 120k car = 1300/month.

covnerted APR approx .8%. that's free money.

Billy Wyatt

Go to the porsche calculator and leasing a gt3 for 5-yrs with no money down id 1550 plus tax

Alfie

i would guess the buy rate is .0032, not .00032. I can't imagine PFS has a subsidized intro rate on the GT3

GrantG

I've never leased a car before, but that seems sort of crazy: $93k plus tax over 5 years, then you give back the car?

mooty

ok, somewhere in this thread something got very wrong.
alfie is most likely correct. .00032 = less than 1% APR (approx), unlikely. if so, i'll be leasing 7 GT3 one for each day of the week.

grant, leasing usually makes little sense unless you have tx benefit.
however, my orig post is based on MF of .00032, thus 36 term x 1300 each (based on .00032 MF and 800 or higher FICO) = 46800, residual is 63% as stated above so 63% x 120 = 75600. assuming you lease it for 3 years then pay cash at end, total = 122400 (assuming car is 120k), thus your total finance charge is approx, 2400 over three years. **** how can you beat that. invest the 75600 you saved for 3 years, you will make more money even if you just put it in CD account. i am not couting sales tax on the pmt (but that's more or less a wash if you boght the car, you pay tax anyways.)

of course, if you use .0032 MF, then you are right. over 5 years at 1550, well you just got your ***** ripped off by porsche financial.

GrantG

Yes, that's what I thought, but wouldn't it be difficult to claim a GT3RS is needed for business use 100%? Or is that not a requirement?

mooty

doesnt have to be 100% for business. you write off the portion you claim as business related. i have a giant sticker on my car wiht my business name on it, so it's ADVERTISING while i am on track with it ahhhahahaha.

cosmos

Thats much better then I thought it would be.

GrantG

Nice

cosmos

I have a great lease spreadsheet. Can I email it to someone to post or host for Rennlist guys?

Duane in Miami

The money factor for Tier 1 is .00320

NiteJav

drop me an email I can host