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Tags: Porsche, Cayman, Lease

Tag Links: Porsche, Cayman, Lease

Porsche Cayman sales slowing?
Porsche is advertising a special lease deal now for the Cayman on their website:

The Cayman. Leases starting at $589 per month.

Few things in life are more gratifying than the responsive nature of the Porsche Cayman. Translating your every instinct into action with its 245-hp, 2.7-liter, mid-mounted flat-six engine, it provides compelling compensation for your purchase decision. See your local Porsche dealer for details.

Actual lease price determined by your Authorized Porsche Dealer, your payments may vary. Closed-end lease offered to qualified lessees with approved credit by Porsche Financial Services, Inc. through participating dealers through 3/31/2007. Estimated payments based upon MSRP of $50,195 (includes destination charge). Price excludes title, taxes, registration, license fees, insurance, and maintenance. Lease payments of $589 for 48 months = $28,272 based on capitalized cost of $44,395 (includes dealer participation). Total due at signing $4,334 (first month’s payment, acquisition fee of $745, and capitalized cost reduction of $3,000). At lease end, lessee pays excess wear, $.30/mile over 40,000 miles and $350 termination fee. Purchase option at lease end $27,105.30 plus taxes. Specific vehicles and options are subject to availability and your price may vary. See participating dealers for details.

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Porsche Cayman sales slowing?



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munichmunich - 3/19/2007 8:49:01 AM
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Terrible lease. Anyone would be a fool to do a lease based on those terms.

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mitchatlexusofmarinmitchatlexusofmarin - 3/19/2007 11:33:34 AM
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What am I missing? Whats wrong with this lease?


mitchatlexusofmarinmitchatlexusofmarin - 3/19/2007 11:38:06 AM
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The residual is 54% which is good for a 48 month lease, the money factor is low- where is the problem other than perhaps you yourself cannot afford $600 per month? A 48 month lease on an LS460L is $1200 per month.


joeycjoeyc - 3/19/2007 5:37:49 PM
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Money factor looks to be pretty high from these numbers:

$44,395-$27,105 = $17,290 depreciation cost
$589x48 = $28,272 total lease payments
$28,272-$17,290 = $10,982 interest


david999david999 - 3/19/2007 10:33:37 AM
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You are absolutely correct, that is a tough lease.

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quizzquizz - 3/19/2007 11:27:33 AM
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Unless it's under $460/month, or get rid of the cap reduction and increase the mileage to 12k/yr, otherwise just walk away.

This deal isn't exactly going to help slowing sales.

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lewissalemlewissalem - 3/19/2007 11:30:27 AM
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I have shopped around. "Porsche" and "Lease Deal" don't belong in the same sentence.

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no1listensanywayno1listensanyway - 3/19/2007 1:18:41 PMView My AgentSpace
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I have seen a handful in NY. It is a much better looking car in person.

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MurderFaceM6MurderFaceM6 - 3/19/2007 1:43:56 PM
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its a beautiful car. just not everyone can afford it.

Down here in MD i see a good 8 or so in the last month alone, i see alot of the lower model Boxters and the SUVs.
but it all depends where you are - Annapolis/Towson is run by BMW and MBs, Elicott City is full of Lexus *huge Korean area* and Baltimore city, well everything goes.

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DiamondJimDiamondJim - 3/19/2007 5:28:22 PM
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explain more about cap cost and stuff you guys who don't like this lease.

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AMGC55AMGC55 - 3/19/2007 5:44:48 PM
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im sure theyre real worried about selling caymans... when 911s fly off the lots

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mbz350mbz350 - 3/19/2007 7:10:49 PM
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The money factor ends up being sold at .00320. For the dealer to be able to make any money on this lease they must purchase at the least at .00275. All things considered this is a good rate for what prime is right now. This rate of .00320 converts to 7.68%, that is prime rate on most luxury models currently. So yes this is in fact a good rate. And unless you intend to keep your Porsche for more than four years the lease is the best option to protect your money. Instead of spending $50k in one hit and losing a ton of money, you should keep the $21728 in the bank or an account that will make you some money. Some people get leasing confused, a car is not an investment, never will be. Keep your money free to invest in things that will make you money like property, houses, etc.. for example.

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mbz350mbz350 - 3/19/2007 7:22:31 PM
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Oh and if you were to finance the car for 48mo you would be paying $1066. Tell me how the lease does not make sense.

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