TechnicaGT3

Are lease rates for ANY GT3 model ever in our favor if someone has some past experiences?

Are there alternate payment options besides leasing/buying outright/financing?
Such as BMW Select?

What would you think the lease rates would be for 24 months/36 months realistically?

Thanks!

kaylie

PFS offers lease, retail, and balloon financing programs on new, pre-owned, and Certified Pre-Owned Porsche vehicles.
PFS tailors its programs to meet the needs of the Porsche customer and focuses on program flexibility by offering various financing alternatives, terms, and mileage convenience options.
PFS' European Delivery Program is an exclusive and customized program designed for Porsche customers who wish to take delivery of their Porsche in Europe. PFS offers both the Porsche Retail and Porsche Options Financing Programs in support of the European Delivery Program.
PFS' Direct Pay Program simplifies the payment process by electronically deducting the monthly payment from the customerÕs designated account.


http://press.porsche.com/more_about/pfs/

Bford100

My build = $154,965

Here's the lease deal I was presented:

36 months
Purchase option = $83,105
7,500 mi/yr.
$4980.06 drive off's includes 1st. Pmt.
$2798.05/mo incl. tax.

mooty

^ the terms are HORRIBLE. unless you have tax write off a purchase at up to 3% (usually lower) would be better.

Nick

How were they able to give you lease terms when the timing of the delivery of the car remains uncertain? Usually terms are offered the month the car is delivered.

Bford100

How were they able to give you lease terms when the timing of the delivery of the car remains uncertain? Usually terms are offered the month the car is delivered.

Basically they were just quoting me today's rates for an example. Delivery is set for Jan/Feb.

Nick

Wishful thinking. I am scheduled for Feb. 14th 2014 delivery but based on what I have been reading, I will be lucky to see the car by June.

Serge944

GT3 leases are dog****.

For a base car: roughly 1900/month in principal. 600/month in interest.

3yr residual is 53-55% depending on mileage. Even a carrera has higher residual...

I think it is extremely unwise to lease this car on a monthly basis.

Nick

I leased one of my Ferrari's and regretted it. However, it is my understanding that Porsche has a two year lease with a 5000 per year mileage restriction. The advantage of this lease is after two years you turn it in without penalty. This is so even if the car was damaged in an accident. Essentially you are renting it to race it.

Serge944

No argument that there is merit to leasing - the operative word in my statement is "monthly." A one-time lease payment upon delivery will save yourself 20k on the rent and over half of the sales tax. Better than buying in every respect.

Bford100

In my example, the only way a lease would work is if you expensed it through the business.

If you use it 80% for business then you get 80% of the payment "back" every month. Then you would have the option to purchase for $83K and lease end.

Your net cost would be about $20K over 36 months (the 20% of the payment you didn't expense through the business) plus the $83K buyout and tax of about $7K = $110K.

Or purchase at 4%, 72 months, $0 down except for tax of $13.5K, you get $82,061 balance after 36 months. All in would at that point would be $95,561, about $14k less than the lease at same point in time.

Nick

There are limits as to how much you can deduct on luxury cars. 80% of your monthly payments is highly unlikely.

Bford100

If that's the case, then a purchase sounds even better.

95spiderman

big advantage of leasing desirable cars -

i leased my 997 gt3 and then sold it privately just prior to the lease end for $10k MORE than the lease buy out. that was a $10k profit for me. i imagine this $154k gt3 will sell for way more than the $83k buy out.

similar thing happened on leased gtr that was totalled by hurricane. insurance value was $5k more than buy out that i got to keep.

frayed

I believe the tax code was changed and now car purchases and leases are handled the same way if run through you business; so no need to pay total acquisition costs by leasing v. purchasing.