Lease-only on .2 3RS
02-15-2019, 01:03 PM
#1
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Thread Starter
Lease-only on .2 3RS
I was at a dealer yesterday and learnt an interesting bit of news - turns out for the second Euro batch of .2 3RS they are getting, they were told that they all had to be sold on lease deals. Not sure if this is Switzerland only, but an interesting move. Supposedly it is to deter flippers, but it is deterring me, too: might be the final nail in the coffin for my order. I'm not enthusiastic about being forced to borrow money from Porsche Finance at 4.8% in these times - it adds a fair bit to the price in real terms. Grr. 
02-15-2019, 01:17 PM
#3
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I was at a dealer yesterday and learnt an interesting bit of news - turns out for the second Euro batch of .2 3RS they are getting, they were told that they all had to be sold on lease deals. Not sure if this is Switzerland only, but an interesting move. Supposedly it is to deter flippers, but it is deterring me, too: might be the final nail in the coffin for my order. I'm not enthusiastic about being forced to borrow money from Porsche Finance at 4.8% in these times - it adds a fair bit to the price in real terms. Grr.
02-15-2019, 01:31 PM
#4
Pro
Thread Starter
Possibly.. apparently this was the case for the 2RS as well, but didn’t apply to the first batch .2 3RS.
I was there looking at a ridiculously-loaded 0km Lizard Green WP RS they had in stock. It is for sale for MSRP (no ADM allowed here) but the options pushed the sticker so high I passed anyway. He pointed out that once I take into account the price increase for the PF (!!!) and the additional leasing costs for a second batch car, it might work out a better deal.
I was there looking at a ridiculously-loaded 0km Lizard Green WP RS they had in stock. It is for sale for MSRP (no ADM allowed here) but the options pushed the sticker so high I passed anyway. He pointed out that once I take into account the price increase for the PF (!!!) and the additional leasing costs for a second batch car, it might work out a better deal.
02-15-2019, 02:28 PM
#5
I seriously doubt that order came from Porsche, flippers only increased brand value and in no way damaged it. Either way they should do what Ford is doing with their GT, but with the right of first refusal in case you need to sell.
02-15-2019, 03:04 PM
#6
Pro
Thread Starter
Well, 3 different dealers said the same thing now. It will be interesting to see what the lease terms are but they way it was explained was that it was a way of making people keep them for a certain time.
02-15-2019, 03:07 PM
#7
I don't see how a lease would prevent one from flipping the car. I've paid sold a 997 Turbo and recently a .2 GT3 while making lease payments. In fact if I'm not sure if I'll keep the car for long, I'd lease the car so I don't pay all the sales tax upfront.
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02-15-2019, 03:09 PM
#8
What happens if there is a prepayment penalty?, let's say if you tried to pay it off within a year (some third party leasing companies do this...it's in the fine print).
02-15-2019, 03:17 PM
#10
OP mentioned Porsche is requiring the 3RS be leased so I assumed the lease will go through Porsche Financial and I'm only referring to dealing with Porsche Financial, and in the US.
02-15-2019, 03:23 PM
#11
One guy on the ferrari forums said that when he bought 812 and fully paid for, he had to sign a piece of paper allowing the dealer to be a lienholder for one year. That way dealer had to sign off on sale before lien can be replaced (perfectly fine to do this btw).
On flip side; 918 owner sells allocation for gt2rs for $125K over. Second buyer fully spec's car. Car gets delivered and 918 owner takes possession through a lease. Makes one payment and then pays it off with the proceeds from second owner. (all with permission/knowledge of dealer).
02-15-2019, 04:16 PM
#12
And is there no buy out option?.....car has to be turned in at the end?....in the US usually any leased car can be purchased from the bank at any time during the lease....
02-15-2019, 04:18 PM
#13
02-15-2019, 07:53 PM
#14
I was at a dealer yesterday and learnt an interesting bit of news - turns out for the second Euro batch of .2 3RS they are getting, they were told that they all had to be sold on lease deals. Not sure if this is Switzerland only, but an interesting move. Supposedly it is to deter flippers, but it is deterring me, too: might be the final nail in the coffin for my order. I'm not enthusiastic about being forced to borrow money from Porsche Finance at 4.8% in these times - it adds a fair bit to the price in real terms. Grr.
