992 Turbo S Lease numbers
#1
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992 Turbo S Lease numbers
Thinking of ordering a new TTS with a build price of approximately $240k. I was curious what kind of lease numbers you guys are seeing. This isn’t meant to be a lease vs buy discussion. I lease almost all of my cars and find it works well for me. Thanks guys.
Arnie
Arnie
#2
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I've heard lease numbers are HORRIFIC for this car, like 4500 a month all in kind of horrific at 10k miles and 24-36 month terms...come to think of it don't know one person whose done a lease on one of these yet but if I hear of one will report on numbers.
Last edited by sechsgang; 12-24-2020 at 11:40 PM.
#3
Porsche's MF on leases run around .0020 I believe. That translates to almost 5% interest. Their residuals are also, generally speaking, complete BS.
You are almost always better off buying Porsches, particularly with rates as low as they are now.
You are almost always better off buying Porsches, particularly with rates as low as they are now.
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AlexCeres (06-12-2021),
CarmineGT3 (12-24-2020)
#4
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Yep, I'm finding the same thing. This car leases for almost the same payment as my $360K, zero discount F8. And Ferrari isn't know for great lease plans either. My last TTS with an MSRP of $217k leased for $1900 tax in. This one is coming in a around $3500 tax in, both 60 month, 5k lease parameters.
#5
I am paying $2,800 for a 36 month 5k lease on a 192K Turbo with a 2% discount. The Turbo thankfully has a better residual than the "S" which helps bit.
This is with NY taxes of about 9k up front.
For comparison purposes I was also considering a Mclaren 570S with a 215k msrp for $1,900 and even a Huracan EVO coupe 253K for $2,975!
No question, Porsche lease are terrible!
This is with NY taxes of about 9k up front.
For comparison purposes I was also considering a Mclaren 570S with a 215k msrp for $1,900 and even a Huracan EVO coupe 253K for $2,975!
No question, Porsche lease are terrible!
#6
I agree. Lease numbers are tough but here is what I have been doing.
This is a summer only car for me. I order for delivery in late May/early June. I do a one pay lease so pay upfront for 27 months (less interest). I return the car right after Labor Day. Therefore, I don’t have to make any “payments” from September to May. Then repeat.
One other thing, when I returned my car it had low miles on it and was worth more than the residual. My dealer (who is terrific) gave me $11,000 back. I am not sure if economically this is really the best strategy but I get a new car every 3 summers and don’t have to worry about resale.
I used to own but I started this strategy when I tried to trade my 993 in. My state allows a netting for sales tax so you are somewhat of a prisoner to dealers to trade your car. Dealer offered me $22,000. I ended up selling it for 50% more (wish I never sold it). So I decided I didn’t want to deal with the whole trade in issue and I would do the 27 month leases from then on.
This is a summer only car for me. I order for delivery in late May/early June. I do a one pay lease so pay upfront for 27 months (less interest). I return the car right after Labor Day. Therefore, I don’t have to make any “payments” from September to May. Then repeat.
One other thing, when I returned my car it had low miles on it and was worth more than the residual. My dealer (who is terrific) gave me $11,000 back. I am not sure if economically this is really the best strategy but I get a new car every 3 summers and don’t have to worry about resale.
I used to own but I started this strategy when I tried to trade my 993 in. My state allows a netting for sales tax so you are somewhat of a prisoner to dealers to trade your car. Dealer offered me $22,000. I ended up selling it for 50% more (wish I never sold it). So I decided I didn’t want to deal with the whole trade in issue and I would do the 27 month leases from then on.
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Tumbleweed (12-27-2020)
#7
Are Porsche’s “advertised” lease rates completely misleading when using the online payment estimator? On a $238k build this is what the lease estimate is online. I can understand if it were a few hundred per month off, but the numbers that are reported earlier in the thread are way off from what Porsche is indicating. I usually do a 39 month lease with 15k/yr on my cars.
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#9
If I’m leasing through my business with the intention of personally buying the car out at the end, would it be worth paying the higher interest with a longer term and using a leasing company like Premiere Financial?
#10
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Thread Starter
Are Porsche’s “advertised” lease rates completely misleading when using the online payment estimator? On a $238k build this is what the lease estimate is online. I can understand if it were a few hundred per month off, but the numbers that are reported earlier in the thread are way off from what Porsche is indicating. I usually do a 39 month lease with 15k/yr on my cars.
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997usa (06-26-2021)
#12
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#13
My business partner is… very “frugal.” He doesn’t believe in luxury items, hasn’t ever been on what I would call a luxury vacation and puts most of his earnings towards retirement. I can’t see working for 30-35 years and deferring any experiences or enjoyment until I’m 60-65. He’s not a fan of leases over $1k/mo. Having him agree to my M5 lease was quite the struggle - and that’s with reconciling expenses to make it equitable at the end of the year.
I may have to split the lease payment between the business and personal to appease him. I’ll still get value doing it that way since I can deduct whatever payment is run through the practice. If I ever got audited I don’t know how that would look, though.
Last edited by Dr. G; 06-12-2021 at 02:22 PM.
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CarmineGT3 (06-24-2021)
#14
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Yeah, I run several cars through the business, so I keep the payments low. Only write a small portion of them off, so the payments are basically income. In my case it’s six of one, half dozen of the other on which way I package the lease. Lower payment makes my wife feel better, who happens to be my partner in every part of my life. Incidentally, I’m always right side up when I eventually decide to sell my cars.
#15
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to me personally the best advantage of a lease vs finance is the protection from a diminished value in case of an accident
dealers, in normal times , would offer 10-15 % less on trade in on a car with a bad car fax . So on a TTS with 240 k sticker , the amount can be significant
so the way I look at it is the higher interest on a lease buys me the protection from diminished value
and if the car depreciates significantly , I can return to company and walk away
if the car depreciates to a lessor degree , I can sell it before lease end , and get the equity
dealers, in normal times , would offer 10-15 % less on trade in on a car with a bad car fax . So on a TTS with 240 k sticker , the amount can be significant
so the way I look at it is the higher interest on a lease buys me the protection from diminished value
and if the car depreciates significantly , I can return to company and walk away
if the car depreciates to a lessor degree , I can sell it before lease end , and get the equity