doubleurx

I think production volume has more to do with this than anything. It is a relatively low production, highly desirable car that is historically purchased as a weekend fun car, so Porsche has no benefit in offering a lease deal on this car. For them the low residual works. If it were a higher production car, you would see Porsche find more ways to move the product. Since they have no trouble selling each and every one, there is no need.

Also, there were no 2013 GT3's. The 991 GT3 was released in 2013 as a 2014 model.

JCBH

^^^^*this. This is absolutely correct. When you lease a car like this, at the end of the lease, you have a ton of equity in most cases (actually a lot of Porsche's in general). So, as said above, it is about risk and not needing to subsidize the car for its clientele.

sccchiii

While production numbers certainly affect the ultimate demand, if a vehicle is popular (regardless of how many are made) and is turning quickly they won't incentivize it (no need to give away capital when it will sell anyways). No 0% financing and/or lease "specials" as examples. You will see manufacturers putting money towards finance and lease specials when the car starts to sit on dealers lot and the "days supply" starts to go up dramatically.

Bandit201

Since the Asian market opened up i.e China the north American allocation has been cut dramatically. The "days supply" rule does stand, however I am not sure we will ever see as many Porsches in NA like we did 3 years ago. An example is there are only 11 Boxsters left in CA. Unless Porsche opens another factory, they are pretty much tapped out on production capabilities.

3point9liters

I leased mine at 0.002. 48 months. 12K miles/yr. Residual is standard by the book. 2500/month including tax. I leased because 1) if the car is in the accident, the loss is not mine (plus Porsche pays the gap insurance anyway. 2) if some other crazy cars come out, I will have options to swap without losing too much paid tax money up front. 3) My residual pay off at the end of the lease is like 60K plus, which I am pretty sure if I sell it, I can sell it more than 60K. 4) some minimal write off

reasons for 4 years is because I was assuming the .2 will be out then...lol

mooty

this is an extremely complex question
and one that keeps coming up.

actuarial
world economics
local economics
politics
fed rates
currency issues
the last mezger scare
risk of track and crash gt

together they create high residual, high used prices.
this may never happen again.

leasing pmt on gt car is always higher than financing, even though u pay full sales tax on finance.
if u are out shopping it's cheaper to finance ( ca anyways, sales tx is 10%)
if u lease, u avoid some risks d can get out if u have finished value or u may have tax benefit to write off. but for those benefit , u will have to pay for it, thus lease out higher.

in past leasing is attractive, especially BMW, only bc manufacturers subsidized it

DerStig

What's the sticker on your car?

3point9liters

159K. selling price 152K

Mech33

Still though, the 4.8% cost of money there for borrowing the residual value of the car for 4 years isn't cheap. And you've paid tax on 50% of the car. You're still banking on the car being worth more than residual after the lease period, so you get kind of screwed if you have an accident that drops the value substantially still, no?

95spiderman

Reason to lease gt car is because of tracking risks. Once car is damaged, there goes value if its owned. So leasing is like a type of track insurance. If not damaged and leased, then just sell it privately for more than the buy out value and pocket the difference. Its what i did and it made up for the horrible lease term i had to endure.
and if you dont track then dont bother with a gt car

Mech33

And the idea is that if you do damage it, that the resulting diminished value is less than 50% in 3 years and you just hand it back to the dealership? I have to imagine that you could do better than that on a trade-in... but I'm no expert.

DerStig

Well, as far as lease is concerned, selling price doesn't matter much. At the end of 48 months, if you want to own your car, your out of pocket costs are :

48 * 2500 + 60k = 180k.

If you were to buy it outright, including taxes, you'd pay around 162k. So leasing has cost you 18k. Isn't that a lot?

Bandit201

Leasing no bueno for track GT3. If it is damaged PFS will hunt you down for damages. I have seen some crazy bills sent to people by PFS. FULL RETAIL+++ for reconditioning cost.

3point9liters

The final price here actually matters when comparing options. Your math is right if I were to purchase at the end. It will be a bit more than 180K. If I were to finance the car - 152K x 1.1 (for 10% including tax and etc in Los Angeles). It will be 167K plus the financing interest. Let's say I get 2% to 3% APR. Using 2.5% APR with 48 months (same as my lease term), the total will come out to be about 6 to 7K less than lease.

For that 6 to 7K difference, I was thinking first I already got 7k off MSRP. But the most important thing is that leasing gives me options, like if I end up swapping into a second year new nsx or a used 458 when its price drops even more, I would have saved more tax upfront. Plus, if I can sell the car for, let's say, 20K more than the residual (i.e. 60K), I would end up being positive. I seriously think my car will worth more than 60K 4 years down the road if I treat her nicely.

But all in all, I actually did not plan getting this car at all, and have not just walked into a dealer looking at a car without prior research for over a decade. So with this car, I think I did quite all right (especially I totally did not know how unrealistic my final price turns out to be after seeing the responses from this forum)

Lastly, this car is meant to be driven fast which implies higher likelihood of accidents. I don't want to be the one who takes the loss if I were to own it.

3point9liters

of course, if I return the car damaged. I am talking about after the car is repaired by insurance. PFS should not be able to hunt me for damages if the porsche-approved shop paid by the insurance co has already repaired it up to spec. Then I should be able to just return the car at the end of the lease. Or better yet, walk into carmax, and see what deal I get after the car is repaired.