cbditty

the pros and cons of carrera leases have been discussed before but i wanted to share my experience, i was looking for an 05 S to lease for 36 months at around $1000 per month, i was hoping to find one around $70k but really needed it to be about $65k to get my payment right, not to easy to find with low mileage, the lease quotes i was getting from the dealers were ridiculous so i kept looking, found an internet dealer who told me i could get a new base carrera for those numbers and sure enough it worked

i just got delivered my new 2007 base with all the options i wanted (meteor gray over stone grey, xenons, bose, turbo wheels, headrest, SS tips) and the payment is right where i wanted to be, i was stretching to afford a used one i thought but due to residual and those quirky leases a brand new one is in my garage

ill always desire the S, but i couldnt justify paying more money for a used one than a brand new base, if anyone wants my contact just message me

DKCA

Ok, but what was the great deal??
What is the down, monthly and buy out at the end??

Alan Smithee

Is it through PFS? Is there subsidy going on?

BSL

There would be no subvention on a 911.

Porsche_Smile

yes.... do tell... what were the specs of the payment? down, etc?????? would like to know .....

alex911s

Your problem with the 05 S is the residual value.. also US bank have a better money factor than PFS, if it's new.. PFS money factor sucks lowest is .00330, my 08 CayenneS is thru USBank it's .00202..

Dave07997S

US Bank would be the way to go...the payment is a tad higher than PFS, but much easier to build equity in the car with the US Bank.

Dave

Alan Smithee

Dave, what's their policy on selling before the end of the lease term? I'm trying to get out of my lease but I'm finding out that PFS will ONLY sell to the lessee or a dealership (which is really pissing me off).

Dave07997S

This is the way BMW is...I sold my M3 in Feb. which was financed by BMWFS. They will also only deal with the lessee or a dealer as well. The buyer gave me the agreed asking price, I send the payoff amount to BMWFS and they send me the title. Wasn't an issue for my buyer as he had possession of the car. When the title arrived I signed off on it and sent it to him..only real draw back is the buyer has to wait 4 weeks until he registers the car. Also swaplease handles this as well, I had a ton of offers on my M3 through swap lease as there was only 9 mos. left on the contract.

Dave

Alan Smithee

I'm OK with receiving the title and passing it along to a buyer...but in a previous post nobody on this forum was able to tell me if PFS will leave the buyers name blank on a CA title to make this possible. The way it's been explained to me, I'd have to pay off, register, pay taxes, and wait for title on my car first before selling it to a 3rd party.

jcnesq

Be careful with US Bank - a close friend with 3 Porsches had a huge fight with them when returning a car, and his long-term reputable leasing company refuses to do business with them any more. Maybe nice terms up front, but bend over when you turn the car in.

4thporsche

I have heard this before about USB. Could you elaborate on your friends experience? Thanks.

cbditty

here was the deal i got
msrp with options was $81,500, my lease guy gave me 9% off msrp, payments came to $0 down, $1127 a month for 36 months, just pay lease/title fees of about $1200 plus shipping and 1st months payment and thats it, tihs is way below the best deal i had found even for a used S

the lease is thru US bank so ill be curious to hear other peoples turn-in experiences with them

cbditty

i forgot to mention, the residual is $47,000 which is aggressive so its probably one of those high residual, high % leases, but im not planning on keeping it so doesnt matter to me

alex911s

Great deal..what's the money factor on new models, .00202?
I've had 2 leases from us bank, but I didnt get to that point I traded it in too early