porsche9xx

There may be a premium with Porsche since they are the only "bank" that offers a lease program and they set the interest rate whereas on a purchase you are able to shop around and get a better rate. What you do get with a lease is an "insurance policy" if the car loses value much more than anticipated (ie market crash, 500hp base 992 ) or you have an accident the leasing bank takes the hit. But if the car holds its value or exceeds the residual you can buy it or even flip it. On both a Honda Civic and a WRX I was able to buy out the cars and sell it for a profit.

jem7v

Well those are both extreme ends of the spectrum. What is more likely to happen is you lease it, then buy it, then lose money .

I like the idea of lease because I don't have to worry about resale and I get bored quickly. But I'm not in a financial position yet to throw away 50k because of resale and I am bored. So I'll just get my GTS then later a GT3 . Actually probably can't lease the GT3 either because there will be no difference in price.

I know....lease a cayenne turbo . Perfect! Great deals on those.

Team Plutonium

True, it depends on your situation though... I lease via our cooperation (tax benefits) have the company take the depreciation hit and write-off, and I buy out the car as a private person at the end for almost nothing. This works well (and in my favor) if the residuals are crappy. It is terrible if you do this as a private entity alone though.

I think the lowest you can select is 5K a year.

jem7v

Well if anyone owns a company, I most certainly would recommend leasing since yes it is all written off as a business expense.

Axxlrod

I believe PFS offers 5K, 7.5K, 10K, 12K and 15K mile leases.

LandShark

OK, I admit I've never leased a car, always buy, and never really look into it even tho I change car every 2-3 yrs.

I've been thinking about the GTS since it released. But I'm not ready to buy since it'll mean a good sum of deposit from me to keep the monthly payment reasonable. And it'll be my daily drive and I do put a lot of mileage on cars, about 20+k/yr.

With the higher daily drive mileage in mind, is it still make sense to lease vs buy?

And how do one calculate the monthly payment on a lease? Do I have to go to the dealer, build a car, to get the number?

My main concern is monthly payment and how much will cost me when the lease is up (mainly the mileage dollar).

Thanks.

Larry Cable

I believe that high mileage leases will negatively penalize you vs purchase since the residual on a high mileage lease will be significantly lower and that will be factored into the lease terms increasing the payments.

RedShiftC4S

One benefit of leasing no one has mentioned yet is that if the car has "diminished value" from an accident, that loss in value belongs to the lessor. If you own or finance the car, you "own" the loss due to diminished value. And if you live in a place like SoCal, you know it's basically one big bumper car attraction here.

Axxlrod

I drive almost as many miles are you annually, but I also lease a BMW (they're cheap since BMW Financial subsidizes) to spread the miles out. I take the BMW on rainy days, boring road trips, and/or anywhere I don't want to take (or park) the 911.

porsche9xx

I haven't run the numbers on the Porsche over mileage but usually people who drive more than 15K per year are not good candidates for leases cars. For a short term purchase the big hit that you take is the sales tax which in many parts of So. California is 9% or more. So thats about 13-14k sales tax on a $140K car. If you sell or trade that car in two years would have paid $540 per month in sales tax. If you lease (at least in CA) you only pay taxes on your monthly payments so on a short terms lease you may end up paying a sales tax bill which is 70% lower.

LandShark

Thanks for all the replies guys. I really appreciated. And I guess leasing isn't really work for me (as I would expected).

sapman

What kind of deals are you seeing?

Dalema

Suggest you check out this recent thread that discusses what you are interested in.

https://rennlist.com/forums/991/8354...tion-help.html

Take a look at what I posted in #53 - it will help you.

On mileage - go with the lowest you can get. Works out better overall, and you don't ever pay for unused miles.