Open ended lease?

 

Yes, Travelers (Coast Capital) is open ended lease, that’s why it’s unlimited mileage. In that way, it’s more like a purchase, leasee assumes all risk for the future value of the car and are responsible for shortfall.

 

Your car looks stunning!

Welcome to the Porsche Club.

 

Nigelplays - you don’t have SPASM? Can you post a picture of wheel arch - I am try to decide on PASM vs SPASM. Thx.

 

I do have Spasm. Go Spasm.

 

It seems to me if I have an open ended lease, I might as well just buy the car? While I would likely be getting a lower interest rate, I wouldn't won't know what the depreciation would cost me until I get to the end of the lease and the finance company tells me what they were able to get for the car when they sold it to the dealer.

Currently, the 4S has a residual of 53% of MSRP (20,000KM/year/36 months). As a matter of interest, the C4 has a 7% higher residual (60%) than the C4S. The dealer says that is because 3 years out, the 4S models don't sell for much more than the C4 models.

So, if the residual of a $168,000 C4S is $89,000 (by the Porsche book), the question is what would the dealer give me on a trade? They might be $5,000 - $8,000 lower than the residual (they have to make money). If the interest rate differential is 3% (3.95 Prime vs 6.99% from Porsche), I might come out with a higher cost than if I just leased it from Porsche?

I'm sure you've figured out the least expensive way to do this. Can you point out what I missing? (we are both in Canada).

 

In British Columbia, NDP government is taxing cars over $150k at 26%. It’s robbery. If you lease and the buyout is below 125, the tax drops to 15%. That’s 11% on 125k in tax savings.
The interest on my lease is $17k, the tax savings is $13k. For $4k difference I get to hold onto my money and invest it.

I chose the closed Porsche financial lease because I also like the security of knowing my cost is capped if for some reason I don’t want to keep the car long term ... although Porsche residual sucks and I expect to have good equity at end of lease.

Without the tax savings that come from the lease, I would have just bought the car.

 

the reason I asked is because your code http://www.porsche-code.com/PLVIJTZ8 has ‘PASM 10 mm lowered’ compared to the US Configurator Spec PASM ‘SPORT’ suspension 10 mm lowered. Both of these terms are within the sport package selection.

 

Nice color! How do you make sure you have AWD in the drive train?

 

Am I mistaken then? My apologies, I thought the 10mm lower is Spasm? What’s the difference?

I’ll take a pic tomorrow for you. Thank you for pointing this out me.

 

There is a meter showing how much power is going to the front wheels. I hope it’s accurate and my slats are silver.

 

NDP - the Robin Hood party - taking from the rich and giving to the poor and while overtaxing, they also run massive deficits to fund their promises, as if no one will ever have to pay it back. Is the 26% tax in addition to PST and GST?

 

The 26% is all taxes in. It makes me mad just thinking about it.

 

Sport package different in Canada and USA

 

The Libs have said they will add the same tax across Canada if they win...