Skullbussa

Just looking to get a sense of what people are seeing for these cars as leases. I haven't leased a car in nearly 20 years, but starting to lose the appetite for dealing with trade-in gut-punches and evaluating lease vs. finance.

alex2364

I don’t have any numbers but Porsches aren’t where you want to go with leases. If you think trade in value is bad wait til you calculate how much a 36 month lease will cost you.

Michael Smith

+1

guab

My guess is around $3k/month without cash down.

tgcrun

I leased my 991.2 Cab (list price around $142,000) for about $1800 per month including 9% sales tax. 30 months, 7500 miles per year, no money down. I bought it when the lease expired because it was worth about $15,000 more than the residual value, plus I love the car. Unfortunately, I hit a deer in May, and I'm still waiting to get the car back from the shop.

Regarding leasing vs buying, it depends upon factors such as business use, number of miles, opportunity cost of your money, etc. I use my car about 85% of the time for business purposes, and I'd rather invest my cash in real estate than a car, so leasing made sense to me. However, the buyout price and the tax law changes made purchasing it last year a good alternative. The bottom line is one has to look at one's individual financial status before making the lease vs buy decision.

guab

Wow, $1800 for that MSRP is pretty solid irrespective of mileage and better than what people are seeing for M5's. I randomly inquired about leasing the Spyder and it was abysmal. The lease was far higher than that on a $96k car (I believe it was in the $2400 range with tax). Something like a 29% residual.

Skullbussa

I'll put it this way - if I can keep a car for even 2 years I pat myself on the back for being responsible.

Just trying to find a way to get a 992 without taking a bath in 2 years when I go to trade it in - from this thread it seems that perhaps I should stick to the 1-2 yo used cars (991.2) if depreciation is a concern and leasing isn't pushed by Porsche.

sigtir

So more than financing?!

BlackCS

Options will depreciate at a double declining rate, then you basically end up trading the 4 wheels and sheet metal, which is what most buyers look for, so expect to see the residuals reflect that. Leasing is just another form of financing, and given Porsche tends to incentivize ownership, financing is probably cheaper. As you mentioned if you are worrying about depreciation, look at a 991.2, very similar power, incremental upgrades, with 2 year old models already approaching a flatter depreciation curve. Look at credit unions to further reduce financing cost.

992carreraS

Some credit unions offer balloon payment options, which operate similar to a lease; postponing a residual amount to a future date. In some cases, depending on your credit, you might be able to negotiate your own parameters (one of them being the "balloon" amount); tailoring terms to accomplish your goals.

tgcrun

When you lease you need to be armed with as much information as possible. Negotiate your best price on the car, know what the residual value is, and also know what the base interest rate is. The dealer can increase the interest rate, but if you have excellent credit you should pay no more than the base rate. In my case, I negotiated a 5% discount on the car and insisted on the base interest rate. I then calculated what my payment would be (You can find the formula online) and verified that the payment quoted by the dealer was the same as my calculation.

LionelB

As another point of reference I used to lease a base 2017 C2 fully optioned at $119K sticker for $1450 including taxes and 0 down for 36 months. Car was on the lot. Negotiate.

3Series

2019 -C4S, should be similar for the line.

57% - 36months/10k miles
.00290 - Base MF (6.96%) - Its the Porsche version of leather wrapped Frunk underside!

Because the money factor is so high, you are better off purchasing and creating "your own lease".
Unless someone else is reimbursing you for the lease, it makes no financial sense.

If you don't want to get hosed, you'll have to get a significant amount off of sticker. Which is probably possible with the 992 coming out. If you want to lease a 992, good luck!

clutchplate

If my math is correct with a 5% discount the above example will cost approximately $67,000 to rent a car for 3 years.

Dan Nagy

Yep, price one out and hit the estimator. It's unbelievable.