For those that leased their 2024 992s, what are residuals looking like?

 

Finance or pay cash for it. Porsche leases are heinous, even if you own a business. Buy it!! Depreciation is so minuscule you're basically driving it for free.

 

What term and mileage are you considering? I can help you

 

Just going over some old paperwork- my wife took a loan out for her Lexus in 2022

Delta CU - 1.38% 5 years ‼️

yearning for the good old days 🤣🤣🤣

 

$133k
39 months
10k miles

 

which model 992? residuals vary per model

 

Just got a quote from my dealer on my inbound 4S Cab, the Porsche Financial money factor equates to 11% APR!!! 36 month residual on 5k annual miles was 69%

3rd party lease, Credit Union financing or HELOC is a better way to go. Good luck!!!

 

yes, money factors are high right now. it is somewhat offset by relatively high residuals compared to most cars.

 

for those that don't know. Multiply the money factor by 2400 to get the interest rate

 

2024 base 992 Carrera

 

Agree! I can to this conclusion as well. With a lease, you are paying for depreciation that doesn't occur during the lease term.

 

This may come off as being a snarky comment but if you have to lease a Porsche (renting) you can't afford a Porsche. As other's have said finance or cash. A HELOC seems to be a desperate choice just to buy a car but that's just me. GL with whatever you decide.

 

Cash for toys. Always.

 

Why? I think the payments on the lease are higher than financing it right now, so if you can afford to lease it, you can afford to finance it. In fact, with other models like Macan's, Taycan's and Cayenne's, leasing sometimes makes more sense if you can find the right car discounted enough.


As long as you can comfortably afford the payments without sacrificing anything else in your lifestyle, I would say one can afford a Porsche, whether they finance, lease or pay cash.

 

What? LOL

I have been leasing cars for the last 12 years. I do it mainly because I can write it off my business and i switch cars every 2 years so depending on the deal sometimes leasing is better