hankinjax

Does anyone have residuals and MF for 2014 911 Carrera, 24 months, 15k miles a year? thanks The dealer is offering me a deal where they have come off 9% on the car but the lease makes the residual 70% and the MF .003350. This does not seem right. ( More details MSRP $94315, negotiated price $84,669.00)

jrotsaert

Money factor is 50% too high

ajag

I believe base MF is .002, most dealers go .0024, but .00335 is insane.

mtbscott

That's the equivalent of 8% interest...extremely high in a market where 1.9% financing can be had all over the place.

eg991

Agree with others, that money factor is absolutely insane.

PMAA

Lease rates are updated every quarter; the rates below are for the 1st qtr 2014…for reference here are the rates for a TT. Money factor from my dealer is 0.002

hankinjax

I am confused. I understand money factor should be .002. What should the residual percentage be on 2014 911 C2 24 months, 15k miles a year. thanks

PMAA

Sorry hankinjax my formatting was screwed up ...see above

hankinjax

i am sorry i am still confused. how do i add up everything to figure out what the 15k miles a year would be? thanks

hankinjax

Also what is a TT?

mtbscott

TT is Twin Turbo. Those rates quoted above will not apply to your vehicle as each one has its own set of figures.
Residuals will vary based on time and mileage. Porsche Financial seems to be pretty stingy with publishing their numbers, I think you might be able to find them on LeaseCompare.com.

PMAA

Yes these are for a turbo but I got these from the dealer so I would think you should be able to do the same for the car you're interest in...as an example from the chart above if you did a 36 month lease at 12K miles per year your total residual would be (53+2) 55%.

mtbscott

For what it's worth, Leasecompare is giving me a quote for a C2 at $83050 as 24 months at $1984. Money factor is a whopping .00509 and residual 68%. Those drop to .00241 and 53% for 36 months.Of course that will vary as the formula uses both the MSRP and sales price as variables.
Two observations here, sounds like a 24 month lease on a C2 is going to be very expensive, the money factors are high because the financial institutions offering them think that's what the market will be. Secondly, NEVER lease a car unless you really understand how the formula works. It is a very easy area for dealers to pad their profit and manipulate the numbers.
And one last observation. Leasing is just another way to pay the dealer for the car. The selling price of the car should be agreed to first. How they get paid is a whole different transaction, whether it be cash, finance, or lease. Trying to base the deal on both at the same time is a variation of the classic Four Square.

carsrmyvice

Insist on the base rate of .002. Here is a chart of residuals for you. Turbos have a much steeper depreciation curve than c2, which is the friendliest 911 in terms of leasing.

Should be 71% and .002 on c2 with 15k per year at 24 months.

http://www.motortrend.com/cars/2014/...e/417/rebates/

You might have to select your model then click rebates then lease incentives.

Google Edmunds 991 lease and they have a thread that is a great resource.

DvidzBlk991

I agree, those numbers that your being quoted don't look right to me as well.
The residual looks low and the MF is too high.
On my 2014 Carrera 3.4 PDK, residual was 73% (but for 10k miles), and the MF was .0022