Lease Rates
#2
I got Porsche Financial's base rate on a non-S 997; it was a 51% residual and .00210 money factor about three weeks ago. 48 months, 12k miles per year, perfect credit.
Tarry at LeaseCompare.com was very helpful in providing Porsche's base rate info, as well as very competitive rates from outside financial institutions.
Tarry at LeaseCompare.com was very helpful in providing Porsche's base rate info, as well as very competitive rates from outside financial institutions.
#5
No problem...
MSRP was $76,820 (ordered in July...no discount), total cost with $595 Porsche Financial fee was $77,415, that puts the monthly payment before sales tax at $1,041.45 with a drive off of $1,687.36 (first payment + $560 license fee).
MSRP was $76,820 (ordered in July...no discount), total cost with $595 Porsche Financial fee was $77,415, that puts the monthly payment before sales tax at $1,041.45 with a drive off of $1,687.36 (first payment + $560 license fee).
#6
Brad... just checked acscorp.com and came up with the following.
Good luck.
Selling Price $79895
Credit Score 730
Term 39 months
Mileage Allowance 45,000 total miles
Residual Value $43,942
Money Factor 0.00255
Mileage Penalty 0.15 per mile
Gap Insurance Included
Acquisition Fee Included ($899)
Purchase Option $44,192
Security Deposit $0
Disposition Fee $500
Total Due at Signing $1,266 + tax & license
Good luck.
Selling Price $79895
Credit Score 730
Term 39 months
Mileage Allowance 45,000 total miles
Residual Value $43,942
Money Factor 0.00255
Mileage Penalty 0.15 per mile
Gap Insurance Included
Acquisition Fee Included ($899)
Purchase Option $44,192
Security Deposit $0
Disposition Fee $500
Total Due at Signing $1,266 + tax & license
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#8
Hi,
Can someone explain the benefits of leasing? It isn't immediately apparent to me.Is it sort of like renting a car, then you have to give it back? At least if you actually buy it ,and pay it off, you'll have some equity-am i seeing it wrong?
Thanks
Can someone explain the benefits of leasing? It isn't immediately apparent to me.Is it sort of like renting a car, then you have to give it back? At least if you actually buy it ,and pay it off, you'll have some equity-am i seeing it wrong?
Thanks
#9
yeah...but when you lease yopu are simply paying the depreciation that you use.
So if you lease for 3 years you pay for the use of the car over 3 years.
Lets say a 997 is worth 80K but after 3 years its worth 40K - you'll pay $40K over 3 years.
Some ppl dont like leasing b/c they feel locked in - dont actually own it etc.
There's a theoretic advantage to leasing for tax reasons - but not really (just get a good accountant).
The mileage restrictions can be a pain if you drive a lot, but IMO - the best thing re: leasing is the fact that you dont have to deal with selling your car when the lease is up. Sure...you could get 40K for your 80K 997 3 years later - but you'de have to find a privte buyer or get jacked by the dealer.
leasing is not for everybody - I leased a 2003 350Z, and while I wanted to get out of the lease and didnt b/c its harder, i gaurantee that financially i would have taken a loss by simply selling the car outright. That said, there are ways to exit leases.
So if you lease for 3 years you pay for the use of the car over 3 years.
Lets say a 997 is worth 80K but after 3 years its worth 40K - you'll pay $40K over 3 years.
Some ppl dont like leasing b/c they feel locked in - dont actually own it etc.
There's a theoretic advantage to leasing for tax reasons - but not really (just get a good accountant).
The mileage restrictions can be a pain if you drive a lot, but IMO - the best thing re: leasing is the fact that you dont have to deal with selling your car when the lease is up. Sure...you could get 40K for your 80K 997 3 years later - but you'de have to find a privte buyer or get jacked by the dealer.
leasing is not for everybody - I leased a 2003 350Z, and while I wanted to get out of the lease and didnt b/c its harder, i gaurantee that financially i would have taken a loss by simply selling the car outright. That said, there are ways to exit leases.
#10
My acct runs 75% of the car thru the corp, pre tax $. I use the car for work,( mostly). I end up paying the 25% balance OOP. At the end I have the option to buy the car or walk, if I buy it I just pay the residual. My only OOP expenses are minimal and it's like buying a 90k car for 45K, and you've had it since new. In my case it's a perk of the practice, but leasing is not for everybody.
It's best for disposable type cars, family cars, suv's etc, you just get a new car every 3 yrs and never have to deal with selling it. (Which is a hassle!)
It's best for disposable type cars, family cars, suv's etc, you just get a new car every 3 yrs and never have to deal with selling it. (Which is a hassle!)
#11
Leasing really makes more sense if you can use a tax advantage for doing so, like running it through a business, as it becomes an expense of the business. Leasing also makes sense when interest rates are higher for purchasing a car, or when the rate of depreciation on cars is high (like now). Take a look at high end Mercedes selling for $125K and up two years ago. They are now selling for mid 70's. I would hate to have purchased one of those!
IMHO, leasing does not make sense it you plan on keeping a car for more that 3 or 4 years. You should buy it then.
IMHO, leasing does not make sense it you plan on keeping a car for more that 3 or 4 years. You should buy it then.
#13
In California leasing a high end car makes a lot of sense because you only pay sales tax on the cap reduction and the monthly payment. So if the sales tax rate is 8% and you have a $45K residual, you save $3,600 in sales tax. If you purchase the car, all the sales tax is due up front and there is no credit given when you sell it or trade it.