First 911.
10-15-2019, 07:58 PM
#16
10-15-2019, 08:09 PM
#17
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.
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NigelPlays (10-15-2019)
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NigelPlays (10-15-2019)
10-15-2019, 08:34 PM
#19
Nigelplays - you don’t have SPASM? Can you post a picture of wheel arch - I am try to decide on PASM vs SPASM. Thx.
10-15-2019, 09:30 PM
#20
Racer
Thread Starter
10-15-2019, 09:57 PM
#21
Drifting
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).
10-15-2019, 10:05 PM
#22
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 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.
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NigelPlays (10-15-2019)
10-16-2019, 12:11 AM
#23
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.
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NigelPlays (10-16-2019)
10-16-2019, 01:48 AM
#25
Racer
Thread Starter
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.
I’ll take a pic tomorrow for you. Thank you for pointing this out me.
10-16-2019, 01:50 AM
#26
Racer
Thread Starter
10-16-2019, 12:45 PM
#27
Drifting
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 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.
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NigelPlays (10-16-2019)
10-16-2019, 01:59 PM
#28
The 26% is all taxes in. It makes me mad just thinking about it.
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NigelPlays (10-16-2019)
10-16-2019, 02:50 PM
#29
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NigelPlays (10-16-2019)
