Lease rates and payments
#1
Lease rates and payments
My Gt3 is on vessel and I am getting some figures on financing and leasing. The figures I got seemed very high. Is it normal for dealers for to bump up the money factor? I thought being good customer they would offer me the buy rates on the lease. I am considering passing on the car unless the dealer sweetens the deal. Please post some lease numbers. Thanks
#6
MY MSRP is 135k so that is bringing it up but some, but I think the payments are crazy. My 360 which was basically brand new I was paying 2k per month. For those numbers I would pick up a 430.
#7
basically is one of those funny words, like "virtually"
so it wasnt brand new.
it was used
regardless if it has 100 miles or 1000 miles
once a car is registered used, there are different residuals and money factors to consider
anyways, we're talking about two different cars in two different times
and besides, you got a man's car , a gt3
enjoy it to the fullest ! !!
so it wasnt brand new.
it was used
regardless if it has 100 miles or 1000 miles
once a car is registered used, there are different residuals and money factors to consider
anyways, we're talking about two different cars in two different times
and besides, you got a man's car , a gt3
enjoy it to the fullest ! !!
Trending Topics
#9
Originally Posted by Duane
The lease at 24 months $5k down $3,228.21 all taxs included 10,000 miles per year.
The 36 month is $2,641.41
The 42 is $2,455.97
The 48 is $2,314.11
The 36 month is $2,641.41
The 42 is $2,455.97
The 48 is $2,314.11
Cap Cost (at MSRP) = $135,000
Residual at 43% for 48 months = $58,050
Cap Cost + Residual = $193,050
(A) Monthly Rent(Lease) Fee = $193,050 X .0033 = $637
(Money factor assumes 8% interest rate.)
(Money factor is always interest rate divided by 2400.)
(B) Monthly Deprec = ($135,000 - $58,050)/48 = $1,603
Total monthly payment = A + B = $2,240 Plus Sales Tax
Last edited by zed; 05-19-2007 at 08:47 PM.
#10
Porsche leases are crazy. The residuals are so conservative it makes no sense to lease a Porsche. Good luck with the car but I don't think there is any way to have that car for @2000 a month. What happened to the good old days of good leases on these cars?
Woodside or a finance company like that would be a good resource but a lot of them won't touch a P-car.
Try www.leasecompare.com if you want to compare numbers.
Woodside or a finance company like that would be a good resource but a lot of them won't touch a P-car.
Try www.leasecompare.com if you want to compare numbers.
#11
I had a lease option on mine but it was 4K down and 1950 a month at Carlsen, thats the paper work I signed but before I made the first payment I bought the car outright. my sticker was 122K- I cant remember if that was a 36-or 48 month lease
#12
Originally Posted by OldGuy
I had a lease option on mine but it was 4K down and 1950 a month at Carlsen, thats the paper work I signed but before I made the first payment I bought the car outright. my sticker was 122K- I cant remember if that was a 36-or 48 month lease
That is not too bad.... Did you have to do much negatiating of is that the number they gave you off the bat?
#13
Nope no negotiating. I had a contact that got me in so I came highly recommended that might have something to do with it. I also had a
2k down 2150 option again I cant remember the lentgh
2k down 2150 option again I cant remember the lentgh
#14
The residuals are just ridiculous, makes you cry, more than 50%.
Leasing is ok, if you can write off the payment against a small business, makes the back end more attractive upon calculation when doing your yearly taxes, thats about it.
Leasing is ok, if you can write off the payment against a small business, makes the back end more attractive upon calculation when doing your yearly taxes, thats about it.