I am still not sure if I will lease or buy, but what I am trying to find out is does anyone know what the residual is going to be on the Cayman? I was told about 60% of the value, but that was not confirmed. And the money factor of .00333 which equates to about 7.8%.
Russ
Edmonds has a True Cost to Own Calculator that is useful for answering questions like this. The Cayman is not yet available for this calculation, but I did a TCO calculation for a Carrera S.
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I'd be surprised if it lost $18,295 in the first year. Although the first year is generally where you take the biggest hit on a car, that amount seems rather high - especially for this car.
In general I never lease cars, but to lease might work for someone who really doesn't want to be bothered with selling it later.
Leases that have cheap rates generally require large upfront cash.
I think it also depends on how long you intend to own a car. If you trade every couple of years then it might be the way to go.
New is fun, but if I like a car I keep it for a long time, so for me most new cars work out somewhat similar except for the size of the cash upfront.
Edited by - K-Man-sculpture.net on 11/28/2005 2:35:26 PM
I think that 18K depreciation in the first year is way to high. My dealer seem to think it would be more $8500.
Russ
The TCO above was for a Carerra S. Below is a TCO for a Boxster.
http://www.edmunds.com/new/2005/porsche/boxster/100510880/cto.html?tid=edmunds.n.resalevalues.leftsidenav..4.Porsche
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mpollard,
That depreciation seems more reasonable. That would agree with the residual of 60% on a 36 month lease or close to it anyway.
Thanks Russ
