Notices
997 GT2/GT3 Forum 2005-2012
Sponsored by:
Sponsored by: Porsche North Houston

Leasing sources?

Thread Tools
 
Search this Thread
 
Old 08-21-2009, 07:06 PM
  #1  
triode
Rennlist Member
Thread Starter
 
triode's Avatar
 
Join Date: Jul 2005
Location: Charleston, SC
Posts: 1,138
Received 69 Likes on 19 Posts
Default Leasing sources?

Gents, I will be leasing my new GT3 (scheduled to arrive in a few weeks) and the PFS money factor is quite high, and the residual quite low (OK, ridiculously low). Has anyone else found a current source for closed-end leases which beats PFS?

Please, no lectures on leasing vs. buying...that topic has been beaten to death here and elsewhere. I have my reasons for leasing, and am simply looking for leads here. Thanks to all.
Old 08-21-2009, 07:54 PM
  #2  
996toomey
Three Wheelin'
 
996toomey's Avatar
 
Join Date: Oct 2004
Location: Stevenson Ranch, CA
Posts: 1,693
Received 46 Likes on 21 Posts
Default

Hve you checked with Chase? I don't know if they are still in the market but about 7 years ago they were cheaper than PFS.
Old 08-21-2009, 09:56 PM
  #3  
Billy Wyatt
Burning Brakes
 
Billy Wyatt's Avatar
 
Join Date: Jun 2006
Location: Scottsdale,AZ
Posts: 878
Received 29 Likes on 15 Posts
Default

leasecompare.com is where i leased mine through us.bank
Old 08-21-2009, 10:12 PM
  #4  
Alan Smithee
Rennlist Member
 
Alan Smithee's Avatar
 
Join Date: Feb 2004
Location: Los Angeles
Posts: 5,291
Received 285 Likes on 143 Posts
Default

Do you mind sharing the PFS MF and residual?
Old 08-22-2009, 12:35 AM
  #5  
triode
Rennlist Member
Thread Starter
 
triode's Avatar
 
Join Date: Jul 2005
Location: Charleston, SC
Posts: 1,138
Received 69 Likes on 19 Posts
Default

Current money factor is .0031 (7.44% annual interest) with 46% residual based on 48 months at 12K miles/year.
Old 08-22-2009, 12:52 AM
  #6  
997810
Intermediate
 
997810's Avatar
 
Join Date: Jun 2008
Location: near a prairie in Iowa
Posts: 40
Received 2 Likes on 2 Posts
Default

Premier Leasing
http://www.premierfinancialservices.com/
or
Putnam Leasing
both good options
Stan Alan Leasing has advertised in Autoweek for decades...he claims rates around 7%
Old 08-22-2009, 01:30 AM
  #7  
Carrera GT
Wordsmith
Rennlist Member
 
Carrera GT's Avatar
 
Join Date: Feb 2003
Posts: 8,623
Received 10 Likes on 9 Posts
Default

Originally Posted by triode
Current money factor is .0031 (7.44% annual interest) with 46% residual based on 48 months at 12K miles/year.
That doesn't sound right.
I got a better deal at 36 months, 15K miles. Then again, I hit some sort of limit on actual value, so even if you get 46% (48 months) or 48% residual (36 months) you're not going to get PFS to take on the higher residual value on a $150K RS (if they even take actuarial data on the RS ... I seem to recall the RS was not in the lease product tables in '07.) The limit is around $130K at 48%. Round figures. Not meant as financial advice, etc. Looking at leasecompare, if you can get under .004,you'd be doing better than US Bank (for example) will offer, assuming you have 700-720+ credit (and the credit bureaus have done everything they can to undermine your credit score ...) but PFS seems to have the most generous residuals.



Quick Reply: Leasing sources?



All times are GMT -3. The time now is 08:41 PM.