Nick

What have been the terms being offered for the 991GT3?

Though I realize that leasing terms change month to month and I don't expect to get my car until early April, I am debating between writing a check or leasing. Curious about what Porsche is offering for a lease.

neanicu

Pretty similar I believe :


https://rennlist.com/forums/991-turb...es-wanted.html



https://rennlist.com/forums/991-turb...ase-rates.html

https://rennlist.com/forums/991-turb...ey-factor.html

Nick

Nick thanks. Never thought to look at the TT forum.

0Q991

Residuals look horrible--and I have to imagine the real world value retention would make buying a better value.

Nick

Assuming the 991GT3 it is the same as the TT and TTS, I agree.

Serge944

The residuals are artificial to make sure that a GT3 isn't cheaper to lease than a lesser 911...

If I remember correctly, the residual is about 52% of MSRP for 3 years/30k miles. A Carrera is in the high 50s%.

If you do a one-time lease payment of $70,000 including tax, you can drive a base car off the lot free and clear for 3 years. It would then be smart to sell the car private party.

I wouldn't even consider a month-to-month lease as the rent is too damn high.

Nick

[QUOTE=Serge944;11086984]

If you do a one-time lease payment of $70,000 including tax, you can drive a base car off the lot free and clear for 3 years. It would then be smart to sell the car private party.


Can you elaborate on this approach?

Jamie140

Why not just borrow the full amount, make interest only payments, then suffer the depreciation when you sell.

Much cheaper than leasing.

tmg57

If the residual is too low, just buy the car at the end of the lease and sell it, or keep it. To me, that's the biggest advantage to leasing - you effectively "insure" the residual value. If the residual is too high, give them the keys and walk away smiling. Years ago, I leased a BMW with a $23,000 residual that was only worth $16,000 when I turned it in (market value, nothing to do with condition). Pretty good deal for me!

Nick

I guess the benefits to leasing is paying a portion of the sales tax with each monthly payment and ease in returning the car. For that you do pay a hefty price.

frayed

Seems to me leasing only makes sense if it is at least partly run through your business.

Nick

Agree.

With limited DD use conceivable one could be paying about a $100 day while it sits in the garage. If work related, at least you are getting some tax advantages.

Alan Smithee

Except that to many, the biggest advantage to leasing is walking away at the end. With a GT3 residual at 52%, you are almost guaranteed to be walking away from at least $25k. I wholesaled my 997 C2 for $10k more, and my Spyder for $20k more than the lease residuals, so I am familiar with Porsche's low-residual strategy. But selling a leased car is more of a hassle than selling a car you own.

That said, the sales tax advantage is a big one, as is the business tax deduction, so I continue the leasing game.

CAlexio

I must be too simple to understand this, but even with tax advantages, the leasing cost doesn't seem to many sense to me on a car which depreciates very little like the gt3. If you look at 2 year old gt3, they are selling at most at $20k off msrp. I was ball-parked a monthly lease of approx $2700 for 24 mo + a downpayment of $5k if memory serves me. That's almost $70k in total.. Take a base gt3 at $131k - $70k = $61,000. Where can anyone find a $61k 2012 gt3????

Purchase cash or finance this car, then sell it if you must.. Leasing doesn't make any sense. Where am I wrong here?

frayed

No financial whiz but it makes sense in some circumstances when you can run the payments thru the business, which would get paid pre tAx. Not the entire portion some portion.