Help on car lease - ASAP please
#16
06-27-2012, 06:24 AM
Credit scores are weird now, there are a couple different scales. My Trans-union score is 931 out of a max of 990 where anything above 900 is an "A". I think the old one went up to 850 and I think some people still use the old scale.
ChuckJ
ChuckJ
#17
06-27-2012, 08:54 AM
Credit scores are bogus anyway, I just got an American Express black for the novelty factor and the hard inquiry dropped my score almost 20 points. On top of that, I paid off my house in cash, which again dropped my score. Now I have to wait a full year for those things to come off the report and the score to go back up....Total BS.
#18
06-27-2012, 09:05 AM
I have the report in front of me. its from experian and says 859. it also says the range is 250 to 900.
#20
07-02-2012, 02:59 PM
#21
07-02-2012, 03:35 PM
ChuckJ
#22
07-03-2012, 03:52 PM
MSRP: 111,925
Discounted Price: 104,449.01 (6.7%)
Residual: 57,081.75 (51%) This actually might have been an oversight on my part I think when negotiating over the phone they told me it was gonna be 52%. (Live and learn)
Term: 48 months
Miles: 10,000/year
Drive Off: 6,373 (3000 Cap reduction)
Payment:1,350 Including LA Tax
The reason i went 48 months instead of 36 was three fold. One is this body style will be good for at least 4 years. Two is the difference in the math was around 120 dollars a month when looking at a 36 month lease. Ignoring the time value of money 120 times 36 is 4320. Divided by the payment of 1350 is 3.2 months worth of payments. Third and lastly is the warranty is 4 year 50K miles.
All of the above combined with the fact that I just sold my 997 2 years into a 3 year lease and made 6,000 on the car lead me to this lease. I hope the above helps.
Discounted Price: 104,449.01 (6.7%)
Residual: 57,081.75 (51%) This actually might have been an oversight on my part I think when negotiating over the phone they told me it was gonna be 52%. (Live and learn)
Term: 48 months
Miles: 10,000/year
Drive Off: 6,373 (3000 Cap reduction)
Payment:1,350 Including LA Tax
The reason i went 48 months instead of 36 was three fold. One is this body style will be good for at least 4 years. Two is the difference in the math was around 120 dollars a month when looking at a 36 month lease. Ignoring the time value of money 120 times 36 is 4320. Divided by the payment of 1350 is 3.2 months worth of payments. Third and lastly is the warranty is 4 year 50K miles.
All of the above combined with the fact that I just sold my 997 2 years into a 3 year lease and made 6,000 on the car lead me to this lease. I hope the above helps.
Usually, 36 months lease gives a better monthly payment due to a higher residual. I just switched from a 09 911 to a 12 Panny. Will switch back to a 911 S once the lease MF improves (maybe 1-2 yrs after the initial rollout).
thanks
#23
07-03-2012, 06:12 PM
Depends on if it is your daily driver or not. A lease is the way to go with these things if you plan to keep low miles while babying the thing. I did the 4 year lease on my past car since the payment was less than the 36 month term. With under 15K miles and in pristine condition, I sold the car at year three for $28K off what the sticker price was. Doing the math, the cost of the Porsche over the lease worked out to about $700 a month.
However, this only works out financially if there is no damage history.
However, this only works out financially if there is no damage history.
#26
07-04-2012, 06:32 AM
Is was in inventory in the color with all the options I wanted, except for full leather. The dealer ordered and gave me a 20% discount on the leather pieces I need which are expected to arrive in 4-6 weeks. It will then be the 911 I would have ordered.
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