DBYT

Besides a pure cash-flow issue, could anyone explain to me if there are any benefits to leasing a car, esp if there are tax incentives to do so? Thanks!

LewisB

Good Lord!! Buy the thing outright and drive it all you want!!! Lame to worry about 12K miles per year all these great cars. Leasing is for the banks and dealers. Take charge of your wallet and your fun!!!!

jmsc

Personally, I love the idea of walking away after 2 years and go find something new.

If you have a business, whether you lease or own will be a tax write-off.

DBYT

Thanks JMSC. Been told by our tax advisors that putting a Porsche on our business books will raise a red flag with tax authorities if you are ever audited.

Having never financed or leased a car, I am curious about the benefits, if any of leasing, besides the main one of not having to write a 100k plus cheque before getting keys to a new car.

cmb13

Interesting thought - if the residual is based on MSRP, and if one could purchase a 2012 C4S (997) at a significant discount, the difference btw the MSRP and the residual would not be that great. The payments would theoretically be pretty low. Thoughts?

fq

That is absolutely correct. That is why leasing a 2012 GTS makes so much sense at this time, and that is when leasing makes the most sense. In addition, the beauty of leasing is that you get a put option at the end of the lease term in which you can sell the car yourself if its value is higher than the residual. You just have to see the tax implications and whether the original MF is higher than what you could finance for.

fq

Was your deal done in July? Or, did you lock in the prior month's rates and residual (they let you lock in a rate and residual for 60 days if you submit a credit app and identify the type of vehicle).

greenie

Hi fq! Done during July.

fq

Thank you very much! The dealer is obviously not being truthful with me. I will try to go to a different one. Thanks again for all your help!