Unfortunately, due to a change in my employment I've got to give up my 2012 C4 GTS. If any of you guys know anyone looking to take over a lease ($1,320/mo) on an amazing car, it's on leasetrader....

http://www.leasetrader.com/2012_Pors...S_183856.xhtml

 

PM sent.

 

Photos...

 

Beautiful car. Too bad (for me) that it's a lease. Not a bad monthly. What is it a 10-year lease?

 

That is a fantastic deal. I originally leased mine, and my payment was slightly more based on a selling price of $91K ($20K off of a $111K sticker) vs. your higher MSRP. For someone who doesn't need a ton of mileage, this is a deal to jump on. Gorgeous car.

 

What's up with your license plate brackets?
The both look really strange.

 

Steve, Not sure what you mean about a 10 year lease. Mine has 16mos left on it. You could also purchase it outright, I'd have to see what the payoff is. I know the residual at lease end is $83,569. I think it totally pays to finish off the lease and then refi. I got a smoking deal due to my history with the dealership.

 

They are parking bumpers. The front is from bumpshox and the rear from 4bumperz. Great for piece of mind in NYC, although I rarely park on the street. They will be removed when I give up the car, and cause 0 damage.

 

Who owns the lease? I hope it's not PFS. If it is, transferring a lease is something you don't want to do. PFS will not take your name off a lease that is transferred and will hold you liable (as co-lessee) if the party you transfer the lease to defaults or comes up short in any way. Read your contract very carefully, make that very, very carefully because other lease providers may have similarly restrictive language - although probably not as draconian as PFS. I've been down this road before and, if you are able, the best way to handle a transfer is to buy the car and then "sell" it to whoever agreed to the transaction, thus letting the buyer arrange his/her own financing and relieving you of any potential liability. But if this isn't possible, make sure you really understand what your liability is on a lease transfer because at the end of the lease I'm sure you don't want the lessor potentially coming after you!

Best of luck!!!

 

Excellent advise Tcc1999!
Very nice car... practically brand new.... Jordan I wished your good luck!!!!

 

Yeah PFS really needs to revise their policy. I figure anyone who can get approved is likely to want to ruin their credit over it. Also a reason I prefer to find the buyer in the community.

 

Sorry to hear... Wish you the best!!

You'll be back!

Dave

 

I had this exact same thought - and then my wife smacked me in the head! Seriously, I was fortunate enough to be able to buy out my lease (then sell the car so it was only for about three days that I actually owned it before I got all my money back from the sale). If you don't have this opportunity and are dealing with PFS try to determine the terms under which PFS would approve the person you are adding to your lease (by PFS terms you are not transferring but adding another lessee). At any rate, PFS has a tiered system for leases. Say your FICO scores are 790-810. I think that anything above 750 qualifies for top tier. But that doesn't mean if your not top tier you wouldn't qualify for a lease - just terms that were less favorable. My point is that if you are going to risk a co-lease situation based on the assumption that a person may not want to ruin their credit, then it might be wise to make sure that their credit is pretty good in the first place. For all I know, PFS may even have a different standard for an added lessee and use your good credit rating as the basis. I don't know if this is the case but it might be good information to have in hand.

Sorry to ramble on, again, I do wish you good luck!

 

I put my car on LeaseTrader & Swapalease about 8 months after I leased it new (October 2009). I had the same concerns about still being stuck on the PFS contract, and my best advice is to try to find someone local. I had 5 people seriously interested in the car right off the bat, all scattered across the country, but fortunately one of them lived only a mile away from me. I was able to meet him and his wife at their (very nice) house, recognized his business by name, was able to review his extremely strong application, and found out that we had a couple of mutual friends. Although a default can happen with anyone, I felt like the chance here was basically zero and I had solid peace of mind about moving forward with it. I occasionally saw the car around the neighborhood and even kept the wallet key in the remote chance that I needed to take on repo duties (!).

In a random turn of events a couple of months ago at the end of the lease, the fact that my name was still on the lease ended up being a big bonus. The residual was about $15K below market value, this couple didn't want to buy the car (they replaced it with a new 991 Cabrio), and I had the opportunity to purchase the car at the incredibly good price because my name was still on the contract. I know that's an unusual situation, but being able to meet the people taking over the lease and keeping in touch with them vs. just shipping it out to a stranger made all the difference. I hope it all works out well for you!

 

Thanks guys, It's a tough car to give up. Especially since i"m not as fond of the 991. I'm hoping the new Cayman is amazing since I'm very likely to be back in a Porsche soon.