buyout price on an '08 turbo cab

I do not know the residual value but I think you are high on his markup. If you are willing to do the deal as the car comes in, then he has absolutely no time in the car other than the paperwork. I would think he would take $500-1000 over residual value.
Don

 

HAHAHAHAHAHAHAHA............!!!!

$500-1000 over...........HAHAHAHAHAHAHAHAH...........!!!!

[ame]http://www.youtube.com/watch?v=BruEmB7_1ok[/ame]

You don't take a 911 Turbo customer off the market for anything less than $5K +..........regardless of how or where the car is sourced. And yes, I am in the business.....and at $500-1K over you'd be out of the business pretty quick unless you're a domestic dealership doing 200 cars a month with a strong F+I back end and a huge service and parts department.

 

+1 ??

 

Depends on the lease structure (mileage allowed & down), but you can figure a 36mo residual will be between 54-57% of MSRP.

 

Photonut - If you know the dealer well enough for them to tell you this in the first place, why don't you just ask them? Though, you won't be able to control if the leasee turns the car back in or not.

If it's the leasee that you know, why don't you just ask him? There's nothing say that the car would have to go back through the dealer.

If you can get the residual value and the car is perfect for you, I'd try and work out a deal and secure the car now, maybe even with a deposit...

+1. There are a lot of variables. The leasee could've put a ton down, could've asked for higher payments to lower his residual (to maintain a position of equity), etc, etc

For a rough calculation, your % sounds a little high, but pretty close.

BTW, KDS knows his stuff and speaks the truth. A dealer getting nice Turbo Cab back in the summer will not just let it go for $500-1,000 over their cost. They could either get more than that from a wholesaler (with even fewer headaches) or take a chance at retailing it for far (far, far) more. Either way, $500-1,000 won't cut it.

 

Thanks for the response....

 

Photonut..........

Yes I was for a long time......sold over 1,000 + Porsches, managed a franchised P dealer for 4 years and had my own use P car store for 5 years. And, FWIW, it doesn't matter that we are discussing P car here either.

All that matters "today" is what the current market is like, and what equivalent comps can be bought for.

Forget about how much over cost you might be paying, what wholesale is, or what this particular guys buyout is, for you have no control over any of that anyways, as you didn't structure his lease on day one. If you think the final price is too much find another car. If it has everything that you want, check your emotions and your wallet then proceed accordingly. If his buyout was $50K and the dealer was making $40K but the car was the cheapest one anywhere by $10K would that stop you from buying it ?

 

KDS is well-educated....

 

$80k is a very fair price. It's not a complete steal.... but it is also not high retail. What a great car! I want one!