rohitgarewal

My allocation came up for March build and May delivery. I'm thinking about leasing the car for tax purposes, but when I tried to lease a Cayman R many moons ago Porsche's lease terms were horrible.

If anyone has leased, would you mind sharing some of the terms you were able to negotiate?

Thanks!

Martini racer

search my posts.

pvgolfer

Here's a reprint of my post from a month ago...

The leasing numbers I was quoted were .00249 money factor, 58% residual on 36 month, 5k miles/yr... For a 39 month lease, residual was 56%. Dealer would not budge on the money factor, even though I know their buy rate is .00200.

I'm getting the car at MSRP and my SA and the dealership have been great so far, so I'm not going to fight them on the lease rates. Still, at these lease rates (.00249 MF = 6% APR), it's probably better instead to take a low-interest (1.49% PENFED, 36 month) auto loan. PFS offers a 60 mo loan @ 2.84%.

Hope this helps... Good luck!

Ryun43

I typically recommend leasing for bleeding edge cars since it minimizes the depreciation risk (like on a turbo s) but given the market on gt cars I dont think the risk of massive depreciation is enough to pay the higher cost of money even with the tax savings

STLPCA

That was my conclusion too. The residual is way too low for what I expect to be reality with the GT4. Plus, the lease interest rate was excessive (5+%).

gmaki

Yep I asked about a lease. Doesn't qualify for any specials which might make it work but since the payment was the same as financing I just financed it. Could have tried to negotiate but as you may guess I was not in a strong negotiating position.

Hopefully with financing I will keep ahead of the depreciation, or at least not too far behind it.

rohitgarewal

Thanks everyone!

Maverick1

On a similar subject, anyone financing their car or are we all paying cash.
Just curious what the financing terms/rates might be.

Dr.Bill

I prefer the 100% down, 0% interest plan myself.

Maverick1

Me too Doc.

Jon H

Saved my money and paid cash.

The extended time awaiting delivery helps build up the bank account!

hadokenny

I would buying stuff with cash as well, but the interest rate these days are just so low that it's silly not to take advantage of it. My bank gave me a 1.9% APR.

supercup

Porsche pulled their Fund raise last week for $550M for leases this past week, so lease terms which were not great a few months ago, but pretty good for Porsche, will likely either be worse or not available.

Financing remains attractive, even with hints by the Fed or rates going up.