Looking to get out of SL550 lease early and need info on Porsche Panamera leas
08-08-2010, 09:25 PM
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Porcelain Bus
Looking to get out of SL550 lease early and need info on Porsche Panamera leas
Planning to put my 2009 SL550 on swapalease to get a new Panamera S. There is little info on Porsche money factors and residuals available online. Terry, do you know what they are now? I suspect my MB will go quickly because it is loaded (MSRP $107,000) and is only 9 months/5000 miles into a 36 mo/30,000 mile lease at $1179 a month (plus tax).
08-08-2010, 11:26 PM
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Planning to put my 2009 SL550 on swapalease to get a new Panamera S. There is little info on Porsche money factors and residuals available online. Terry, do you know what they are now? I suspect my MB will go quickly because it is loaded (MSRP $107,000) and is only 9 months/5000 miles into a 36 mo/30,000 mile lease at $1179 a month (plus tax).
We are still waiting for the 2011 Porsche lease programs. I hope to have them shortly.
09-07-2010, 04:24 PM
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My S550 lease ended in June and I just got a Panamera 4S. Not sure whether they continued the deals into September, but in August, the 2010 models and the 2011 6 cylinder models had very attractive lease rates. While the residuals are not great (47% on a 36 month, 15k mile lease of my 2010 4S), the interest factor was .00146, which of course is equal to a 3.5% interest rate. I don't have the complete numbers in front of me, but the 2011 had a better residual and incrementally higher factor.
However, what makes the numbers attractive, is that you should be able to get a fairly decent discount off sticker. My 4S was not on the dealer lot, and he had to trade, but I still ended up with over 10% off sticker, which took me down to about $850 above dealer cost. The sales manager pretty much told me if I picked a car on the lot he would do it at dealer cost (and perhaps I could have negotiated even a better deal). My $114,000 sticker 4S ended up with a monthly lease payment of about $1,580, not including state sales tax.
One thing which was a surprise to me, is that Porsche Financial purportedly has a maximum MSRP that they will residualize. So on my vehicle, the residual was not going any higher, even if I loaded it up with more options. The first 4S I looked at had a sticker of around $130k, but because of this maximum MSRP for residualizing purposes, the supposed 47% residual effectively dropped down to the low 40s.
By the way, I told the sales manager I would not pay more than the buy rate on the lease, and he should make his money elsewhere. He was happy to show my all of the detail regarding rates and residuals.
However, what makes the numbers attractive, is that you should be able to get a fairly decent discount off sticker. My 4S was not on the dealer lot, and he had to trade, but I still ended up with over 10% off sticker, which took me down to about $850 above dealer cost. The sales manager pretty much told me if I picked a car on the lot he would do it at dealer cost (and perhaps I could have negotiated even a better deal). My $114,000 sticker 4S ended up with a monthly lease payment of about $1,580, not including state sales tax.
One thing which was a surprise to me, is that Porsche Financial purportedly has a maximum MSRP that they will residualize. So on my vehicle, the residual was not going any higher, even if I loaded it up with more options. The first 4S I looked at had a sticker of around $130k, but because of this maximum MSRP for residualizing purposes, the supposed 47% residual effectively dropped down to the low 40s.
By the way, I told the sales manager I would not pay more than the buy rate on the lease, and he should make his money elsewhere. He was happy to show my all of the detail regarding rates and residuals.
