April C4S lease MF change?
#1
April C4S lease MF change?
Looking at a 2013 C4S 2 yr lease, 5k miles. Residual and everything else is as expected, but dealer is quoting money factor as 0.00275 as best they can do even though I have an 801 credit score... Is the 0.002 base MF that I have been seeing discussed around here perhaps not on the 4/4s now? I thought I had seen a couple 4S's leased recently with a 0.002 MF but perhaps that ended in March? Or does PFS top tier need an even higher credit score?
edit: BTW, the dealer has been straight up with everything so far and in the past so I don't really have a strong reason to think that they aren't being honest in stating that the MF is straight from PFS and they are not marking it up.
edit: BTW, the dealer has been straight up with everything so far and in the past so I don't really have a strong reason to think that they aren't being honest in stating that the MF is straight from PFS and they are not marking it up.
Last edited by cchan; 04-07-2013 at 08:00 PM.
#2
Looking at a 2013 C4S 2 yr lease, 5k miles. Residual and everything else is as expected, but dealer is quoting money factor as 0.00275 as best they can do even though I have an 801 credit score... Is the 0.002 base MF that I have been seeing discussed around here perhaps not on the 4/4s now? I thought I had seen a couple 4S's leased recently with a 0.002 MF but perhaps that ended in March? Or does PFS top tier need an even higher credit score?
#5
17K off..... wow! Conquest/welcome to Porsche $$ included? Left over 12 purchased in 13?
#6
Oh yeah, to double check this, anyone know if the 0.002 MF only for existing lease customers?
#7
I am a new lease customer and received .002 MF. Dealer is making a lot on the interest. No way around it.
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#8
Thanks! Well unfortunately I got "taken" there. Although compared to the higher interest I'm going to be paying, I did get more on my trade in and a lower selling price than I had planned, so when I go through all the math I'm actually still a little ahead of what I had been originally targeting. If I had gotten the .002 MF as well, I think I would have gotten a pretty sub-market deal. So I guess in my case the higher MF doesn't see as bad in the sense that it was still a good deal overall, just the money was shifted around in different buckets...
#9
Thanks! Well unfortunately I got "taken" there. Although compared to the higher interest I'm going to be paying, I did get more on my trade in and a lower selling price than I had planned, so when I go through all the math I'm actually still a little ahead of what I had been originally targeting. If I had gotten the .002 MF as well, I think I would have gotten a pretty sub-market deal. So I guess in my case the higher MF doesn't see as bad in the sense that it was still a good deal overall, just the money was shifted around in different buckets...
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