Planet 9

crocodiletears · #1 05-15-2009, 03:17 PM

Hello,

Newbie here. If you guys could provide your knowledge and info covering this topic, I'd really appreciate it.

I've had my eye on a Porsche Cayman for the last year or so. It seems like a good time to lease now. I want a pretty basic one. I looked at one with these options which comes out to 58,975 (950 for delivery). Let's say black or carrera white for now.

762 - PAG Code - Launch code
810 - Floor Mats in Interior Color
870 - Universal Audio Interface
342 - Heated Front Seats
409 - 18" Cayman S II wheel
619 - Bluetooth Interface for Mobile
490 - Sound Package Plus
250 - 7-speed Porsche Doppelkupplung
XAU - Grill in Rear Lower Section

Salesman said he'd drop 5k without negotiating.

So here are a few questions.

What's a nice ballpark figure (sale price and monthly lease) I should be aiming for a Cayman and Cayman S with those options mentioned above on a 36 month 10k and zero down lease?

Or maybe a better question. What percentage of MSRP should be discounted?

Are PASM and Xenon worthwhile options. (Hard to find PASM on a lot of cars thru the Porsche dealer sites.)

Thanks for your help and input.

**PorscheHawaii** · #2 05-15-2009, 09:51 PM

2009 Cayman with MSRP 58975

Your stated sale price 53975 ,almost an 8.5% discount which is pretty fair.

You should find out if the dealer is using FirstMile lease rates or standard Porsche Financial rates. FYI, the FirstMile program ends 5/31 so if they have a certificate available I would jump on it.

I think PASM is really worthwhile if you have 19" wheels. In regards to the xenon lights I think they are a must but it remains personal preference.

The discount will usually depend on the particular car and dealer inventory but a "launch car" will typically be sold at a larger discount then properly optioned dealer stock.

Good luck with your perspective lease.

JoeSmith · #3 05-15-2009, 11:19 PM

What's the first mile lease conditions?

**PorscheHawaii** · #4 05-16-2009, 01:38 PM

Originally Posted by JoeSmith

What's the first mile lease conditions?

FirstMile is a program which gives dealers a certain number of certificates that are good for a special lower lease money factor then Porsche's standard lease rates. The lower interest rate works out to significant savings but there is limited availability.

Other then the special rate FirstMile is no different then the traditional Porsche lease conditions.

alexwierhouston · #5 05-16-2009, 02:47 PM

If they offered to discount a special ordered 2009 Cayman $5000 that's great! I wouldn't have thought that they'd be willing to discount an order that much, especially a lightly optioned one like you have spec'd out. Ask them if they can get some tax credits for you when the car comes in; you won't be able to lock down any #'s on payments until the car is delivered. They have no way of knowing what the money factor will be in six months. Ask them about a balloon note instead of a lease if they can't get any tax credits; it may work out to a cheaper payment. Good luck!

crocodiletears · #6 05-16-2009, 04:44 PM

This would be off a dealer lot. Not ordered for 2009. It seems like Caymans on dealer lots are optioned out or fairly bare bones.

I've never leased a car before, always bought at a very good price. I will do the research on a lease but what is a good monthly rate and residual on a 36 month lease on the above mentioned cars with zero down?

Will the First Miles or similar deal be extended into June?

hpowders · #7 05-16-2009, 10:18 PM

Originally Posted by PorscheHawaii

FirstMile is a program which gives dealers a certain number of certificates that are good for a special lower lease money factor then Porsche's standard lease rates. The lower interest rate works out to significant savings but there is limited availability.

Other then the special rate FirstMile is no different then the traditional Porsche lease conditions.

Interesting! My nearest Porsche dealer has a Porsche First Mile sign up to drive promotion listed on his website. Does this mean they have a certificate to offer the special lower lease money factor?

Thank you.

**PorscheHawaii** · #8 05-18-2009, 02:25 PM

Originally Posted by hpowders

Interesting! My nearest Porsche dealer has a Porsche First Mile sign up to drive promotion listed on his website. Does this mean they have a certificate to offer the special lower lease money factor?

Thank you.

The FirstMile link on dealer websites is simply a way to schedule a test drive the program began as a way to make it even easier to come in and drive a Porsche. The lease offer was added later but shares the same Title. The number of certificates awarded to a dealer depend on many factors, you would have to inquire if they still have certificates available.

hpowders · #9 05-18-2009, 09:12 PM

Originally Posted by PorscheHawaii

The FirstMile link on dealer websites is simply a way to schedule a test drive the program began as a way to make it even easier to come in and drive a Porsche. The lease offer was added later but shares the same Title. The number of certificates awarded to a dealer depend on many factors, you would have to inquire if they still have certificates available.

As a matter of fact all dealers seem to have the "First Mile" link on their websites.

Thanks for the information!