Maddict3

I've owned my 991 GT3 for about a year now and totally loving it. My brother is moving down and he is looking to get into a GTS.

Last time we checked, Numbers were laughable. Tried looking for Residuals but no luck. Anyone know what numbers should be $150k car/10k miles, 36 mo?

Also, what are some lease deals some of you have gotten?

Vic55

2017: 36 months 10k residual is 59%--- money factor depends on credit but its standard in nature so subvented programs are not around (Tier A1 is .00180 or .00190 but you must auto approve and if you don't hit this tier there are no bumps). The key will be the discount on the msrp. Depending on the store you can see from 10% to 12% from MSRP to triple net of invoice. On the front end the average is about 6% from MSRP to invoice and the other 4-6% is called holdback and probably wont be shared by the dealer unless the car is super old and being written down monthly due to its age.

So from there you can build a lease and get an idea sans driveoffs and bank fee.

AMG 17GT

So if you capitalize car at 140,000 it's $1,876/ month. $3000 down. Excluding use tax.

$67,530 total payments.

4.32%. Wow

Vic55

Well you wont find much lower std lease rates on high line cars except with BMW (M's are at .00134). Its the price to pay for leasing the car and letting the factory take the hit at the auction on return. Audi is even higher than MBFS on their RS7 and R8 models (over .00200). Did you know that Porsche has never had a std lease rate lower than .00200 since before 2006? Thats how they rope you in, higher residuals and higher money factors so its hard to trade out early.

For the layman that wants a 140 car, 1900 a month is about inline under the lease payment and then they move on after 3 years. You pay, as you stated 67k, and then walk vs being on the hook for the ACV of the car under a purchase. And most states are not upfront states (requiring taxes on the full price of the car).

There are countless lease vs retail threads out there- it really all depends on on the individuals situation(s).

AMG 17GT

Agreed on all of this.

Luca114

it's cheaper if you finance it then sell it

Viper98912

Hmmm I've got to get educated on all these terms and on how this all works.

AMG 17GT

Remember it's all a financial contract that's all. The only difference are the terms.

In a lease you draw a line in the sand on a specific period. 24,36,48 months and you walk. On a finance, you don't, it's that simple.

That's why leases are double or triple the cost interest wise. They assume future value liability.

Donjo

I just did a one-pay lease on a left-over 2016 GT S. Sticker was 139350, they took off 20k so it came out to 119350, residual is 90k, and my one time payment was 47k for 2 yrs at 7500 mi/year.

unconscionable

Yes.

You have to look at a lease as being no different than financing a portion of the vehicle for a shorter time frame. When you pay into a lease, you're technically building equity into the vehicle because you can go and trade or sell the car and that money is yours. Paying less means you own less of the car which is fine if you always keep your leases (I don't).

All that said, $1900/month for a $140k car is basically peanuts in my experience. My Jag is on 24 month lease for almost $3K/month. For 36, it would've been $2300. I leased Boxster Spyder $92k MSRP for $1800/month. It is what it is.

Believe me, it's better than Porsche rates. 59% residual on a car that's not really holding value is nothing to sneeze at. MB must really want to get ***** in these cars. Porsche set 50% residual on a 2016 GT3 RS... a car that will basically never lose value. I couldn't believe it.

AMG 17GT

[QUOTE=unconscionable;7101251]Yes.

You have to look at a lease as being no different than financing a portion of the vehicle for a shorter time frame. When you pay into a lease, you're technically building equity into the vehicle because you can go and trade or sell the car and that money is yours. Paying less means you own less of the car which is fine if you always keep your leases (I don't).

Well again, it all depends on the terms. You could buy or lease for example 36 or 48, the rub is that on both your paying interest on entire cost of car. So in the above example, that lease money factor ( or rough interest) is double the cost and IMO and really bad idea. You would be so buried by the rate and depreciation that you couldn't sell or trade without writing a large check.

Paying into the lease is another bad idea. You'll never build any "equity" at that rate unless you drop 25k and chase more bad money. And if you get into a total loss your SOL, as any money you put in is gone unless you have stated value on your car insurance, which is rare.

unconscionable

Another factor is that when trading a lease, you're responsible for paying the sales tax on the remainder of the lease if you haven't already.

But it can be done pretty easily. I would never accept 4% on a lease. Rubbish. I know our friends across the pond are indignant reading that as they tend to pay over 10% to borrow money on a vehicle.