cjarrett

I'm sure its been beaten to death, but wondering what your thoughts are on leasing a 04-05 GT3. What are your payments like? Resale/Buyout value at the end of the lease?

Cheers,

jasper996

I was thinking the same thing. I just sold my 993 TT and am considering a 997 GT3 or TT. The way that I look at leasing is that you are just pre-paying all the depreciation each month. Please offer thoughts on leasing a 996 GT3 (w/o adding any mods) for 2 years then flip out and into a 997 GT3 once the 997 is off the "steep" part of the depreciation curve.

cosmos

Do not lease and flip the 996 GT3. I think you will get killed on that one.

Now leaing and flipping out of the 997 GT3....that might work if down within 18 months and the 997 GT3 is still hot.

NJ-GT

The 997 GT3 won't be a hot item, the 997 GT3RS will be.

allegretto

It will be the Hottest Porsche in many years

Holger B

And then they'll build another limited run the next year with 3x the number of cars crammed down the dealer's throats...

cosmos

HAHAHAH......Its funny cause its so true ....or is it sad

Blacksport350

Leasing is generally not a good idea unless you can lease for far less than it would cost to buy. This is generally due to manufacturer incentives. An example would be the '06 Honda S2000 that we just leased to use as an AutoX car...Honda is backing the money and a discount so the lease as $380mo with 0 down. The only other reason to lease is if you can deduct a portion of your lease for business use. As to buy out or residual price, it will almways be above market value so forget a deal there! Even on the S2000, it would be cheaper to buy and resell then to lease. Although in this case, AutoX the wheels off of it and handing the keyes back makes the lease worth the slight extra cost.

You will almost always come out ahead to buy but your monthly payment will almost always be lower with a lease. So if you can't afford to buy it, the smart thing is to look at something less expensive. If you still insist, lease it used but know that you are paying extra!

Fidel Cashflow

Leasing is a nice way to drive more expensive cars with less monthly output. I like basing my residuals on retail values as opposed to wholesale and take the burden of selling it myself in the end - never been burned - why turn back a vehicle wholesale so the dealership can make a markup ?? I say base your residual on retail - guarantee the end value (so you have to sell it) otherwise you'll have a nice bill at the end and save , in some cases, hundreds of dollars a month. - Take out a 48 month lease that way if after 12-24 months you find you might be in a larger deficit situation that you anticipate you can get someone to take the lease over - and since the monthly payment is sunstantially lower than they can get - it will usually move quite quickly. Ont op of that depending on your situation you might be able to deduct a portion or pehaps even all of it. My $0.02.

yongster

You can also extend the lease after the 48 months, if the residual is higher then market value, until the price levels off and you come into equity position.

pole position

LOL, the word equity in a lease with no cap reduction does not excist , the residual is NEVER real world wholesale and the terms are dictated by the bank (residuals are not negoiatable) unless you deal with some obscure mousehouse.

yongster

I have leased many cars in the past including Porsches where I set the buy back price and thus controlled how much or little equity remained at the end of the lease. No need to accept a dealer lease or some leasing company's lease which is grossly in their favour. I guess you don't have a good relationship with your leasing company.

cosmos

Can I get the # for your leasing company where you get to set the residual?

Fidel Cashflow

I'm up in toronto and use Landmark Leasing - 905-477-3477 (2nd largest leasing co in Canada) and def no mousehouse. I set all my own residuals - I do very low kms and prefer to sell it myself - this way I save big bucks monthly - also - even if i owe at the end, if i were to be in that position (which has never happened in last 10 leases) at minimum I deferred payment - if I save $200/month with my methods and I owe $9600 at the end of my 48 month lease - I'd be in the same boat as you (actually better because I had the use of the $$$ for 48 months.)

Try it - it really works.

mostserene1

sounds like leasing makes sense -IF YOU LIVE IN CANADA. In the us, it is more complicated and generally not to the user's advantage (with certain exceptions).