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2 year lease residuals is better than 3 year on 991 Base

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  #46  
Old 02-02-2013, 02:28 AM
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Originally Posted by 2cardinalalums
Cheers! Was your lease 5k miles/yr or 12kmiles?
12k/yr is the 76% residual for 2 years. 5k is 78% I believe
 
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Old 02-02-2013, 02:30 AM
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Originally Posted by flyinbrian31
I just did an order on a 2013 C4S and will be leasing for 24 months. Money factor is .002 and the residual is 71% for 12,000 miles per year. I did not have to negotiate MF or Residual as those are the rates offered by PFS. I did however negotiate 6.25% discount.
Thanks Brian for the heads up, was this in jan? If so, looks like PFS maybe running a few different MF/residual deals the same time.
 
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Old 02-02-2013, 09:56 AM
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Originally Posted by frenzy
Thanks Brian for the heads up, was this in jan? If so, looks like PFS maybe running a few different MF/residual deals the same time.
I believe these are the rates for January thru March, PFS rates are usually quarterly.
 
  #49  
Old 02-02-2013, 10:13 AM
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Does anyone know the current MF for a 3yr 15k lease on a 4S. When I ordered they said it was .0030. Im wondering since the 4S is new is the reason it is so much higher?
 
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Old 02-02-2013, 10:15 AM
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Originally Posted by Go123
Does anyone know the current MF for a 3yr 15k lease on a 4S. When I ordered they said it was .0030. Im wondering since the 4S is new is the reason it is so much higher?
It is the same .002 for top tier credit. I would recommend the 2yr as it actually comes out cheaper.
 
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Old 02-02-2013, 10:18 AM
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Originally Posted by flyinbrian31
It is the same .002 for top tier credit. I would recommend the 2yr as it actually comes out cheaper.
I am trying to max out my deduction for the business and end up with a low buyout price, hence the 3yr 15k.
 
  #52  
Old 02-02-2013, 10:21 AM
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Originally Posted by Go123
I am trying to max out my deduction for the business and end up with a low buyout price, hence the 3yr 15k.
I understand the business deduction side but I am sure there will be many CPO Porsche's when you turn yours in. Also there is nothing in writing stating you have to agree to the turn in price. You can always make an offer and if they don't take it, just turn it in.
 
  #53  
Old 02-02-2013, 12:31 PM
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Originally Posted by flyinbrian31
Also there is nothing in writing stating you have to agree to the turn in price. You can always make an offer and if they don't take it, just turn it in.
second that. i sold my previously leased 2010 C2S privately before the lease ended. the sold price was higher than the payoff so i did better than just turn it in. i advise people to do the same if the actually mileage is much less than the allowance mileage. selling at the right time may make u some money.

to those who's consider leasing, take advantage of the current offer if u can. there are so many variable with PFS that we have no idea what's going to be offered. lease conquest, early pull out, crazy residuals, just to name a few. what i always aim for is the attractive 2 year program. if the monthly payment is much less than 3 year program then it's a no-brainer not to take the 2 year program. i've done few 24 month programs for both Porsche & BMW. those are the best leasing experience i've had. more importantly, u have much more flexibility to get into something new before u get tired of the current car.
 
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Old 02-03-2013, 06:28 PM
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Originally Posted by 20-C4-10
Onapex,

Consider leasing just like you would consider renting a car. For those retards who think purchasing a car versus leasing car is a better route is just outright nonsensible to me unless I just simply had 100x the amount of the car I'm purchasing even then I may be smarter than to purchase.

I pay $34/day for two years to rent my 2013 Carrera Coupe.
Leasing, when there is good offers like this, is a good deal. I am very tempted, but I have some quesitons though. Purchase is basically straightforward, so I have been doing that. I haven't leased a car yet. For those that are familiar with leasing porsches, how do you minimize issues with: 1. gap insurance 2. is there any insurance requirements from the leasing company (PFS) above the usual coverage? 3. Is there a diminished value penalty if there is an accident? Even if it's not your fault? 4. lease return inspection (are they strict?) Any other consideration?
 
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Old 02-04-2013, 08:27 AM
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I don't lease cars, so I guess I am missing something here, but wouldn't residuals on a 2 yr lease always be higher than a 3 year lease?
 
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Old 02-04-2013, 09:24 AM
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Originally Posted by GS997S
I don't lease cars, so I guess I am missing something here, but wouldn't residuals on a 2 yr lease always be higher than a 3 year lease?
but typically the difference between the 2 and 3 year residual is very little that it doesn't make sense for most people. the monthly payment on the 2 year lease would be extremely high. but yes, technically, you are correct.
 
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Old 02-04-2013, 10:39 AM
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Originally Posted by onapex
but typically the difference between the 2 and 3 year residual is very little that it doesn't make sense for most people. the monthly payment on the 2 year lease would be extremely high. but yes, technically, you are correct.
Thanks. I was just confused because the OP's post title/subject line read, "2 year lease residuals is better than 3 year on 991 Base." I was thinking, what's the big deal, the two year residual should always be higher than a three year lease, unless there is something very strange going on.
 
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Old 02-04-2013, 11:58 AM
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Originally Posted by GS997S
Thanks. I was just confused because the OP's post title/subject line read, "2 year lease residuals is better than 3 year on 991 Base." I was thinking, what's the big deal, the two year residual should always be higher than a three year lease, unless there is something very strange going on.
easy way to do is to compare the payment between the 2 year & 3 year. usually 2 year is higher than 3 year even though the residual is slightly higher. but if the residual is marginally higher than the payment will be less & makes more sense to go with shorter term.
 
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Old 02-04-2013, 12:10 PM
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Originally Posted by 2cardinalalums
Leasing, when there is good offers like this, is a good deal. I am very tempted, but I have some quesitons though. Purchase is basically straightforward, so I have been doing that. I haven't leased a car yet. For those that are familiar with leasing porsches, how do you minimize issues with: 1. gap insurance 2. is there any insurance requirements from the leasing company (PFS) above the usual coverage? 3. Is there a diminished value penalty if there is an accident? Even if it's not your fault? 4. lease return inspection (are they strict?) Any other consideration?
1. Gap insurance is included, at least in this state
2. There may be, but I don't remember it being an issue, nothing too different from what you'd already have
3. No- that's one big advantage to leasing
4. I don't know about Porsche, but BMW and Audi weren't too picky
 
  #60  
Old 02-04-2013, 06:52 PM
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1. PFS leases have built in Gap Insurance
2. There is minimum, I believe 250/500/??? and max deductible of $1,500
3. ditto
4. no idea, but my last least they didn't ding me for some scratches on bumper, door dings and didn't charge me the extra 800 miles I went over. probably best asked on the 997 section.

1 & 2, in detail: http://www.porsche.com/usa/accessori...referredlease/
 


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