I have the numbers in front of me now: residual for 2500miles/year was 72899 with taxes (6% in FL). And yes, 7,5 K was applied.
And in my case (I'll use the car as my daily), I'll pay 0.30 per additional mile if I decide to return it after 3 years: 12500*3*0.3=11250
So, the purchase is the way better solution for me.

 

Decision time...expecting delivery this week as I have one of the first 3 at my dealership and it showed up this weekend!

Spec: https://configurator.porsche.com/porsche-code/PSC3DBP7
MSRP: $96,020

Option 1 (Loan)
Term: 60-mo
Rate: 6.99%
Trade Allowance: $10,237
Delivered Price (incl. taxes + fees): $90,817.74
Downpayment: $10,000
Monthly Payment: $1,599.78
Total Cost: $116,223.8

Option 2 (Lease)
Term: 39-mo @ 7.5k miles/year
Trade Allowance: $10,237
Downpayment: $5,000
EV Rebate: $7,500
Residual: $55,691.60
Monthly Payment: $1,216.19
Total Cost over lease term: $62,668
Total Cost with buyout at lease-end: $118,359

$2k extra for lease doesn't seem that bad. Especially if I'm not sold on holding it longer than 3 years.

 

If the choice is between financing and leasing, given the numbers above, I would go with the lease option.

 

yes definitely lease, might be underwater on loan in 5 years!

Take a look at Taycan examples: https://www.autoevolution.com/news/u...ry-239798.html

 

This looks like a decent lease deal compared to most I've seen. What's the money factor? I think part of the reason the lease looks competitive with buying is that 6.99% isn't a great interest rate for a loan. If that's what Porsche is offering directly, you can probably do 2 - 2.5% better elsewhere (Navy Federal Credit Union is advertising as low as 4.49% on 60 month leases if you have excellent credit).

Also, I think you still may need to factor in taxes on the buyout at the end of the lease, which would increase the difference a bit.

 

Good callout, I missed adding MA tax to the buyout at lease end.

The interest rate I listed is what Porsche is offering direct right now. Shopping around for sure could bring that down a few %.

 

I received a quote for a lease but they included maintenance. I’m assuming this is the PSMP prepaid maintenance plan. Is this always included or required for a lease?

 

Perhaps for a Porsche lease, though not required on an BMW EV lease.

 

What’s the price difference with and without maintenance?

 

Not sure about Porsche. Audi adds 1% to the residual if you add prepaid maintenance to a lease which lowers the effective cost of the maintenance

 

I'd go with the lease as well. You don't tie your money up and If you have an accident, you don't have to worry about diminished value. You just fix it and return it to the dealer after which it is their problem. If you own the car and crash it, you will suffer a loss in value when you sell it. I don't normally recommend a down payment on a lease though and between your trade ($10,000 and cash $5,000) you are essentially making a $15,000 down payment. If you write the car off, don't you lose that value? Also, no EV credit when you buy, just when you lease?

 

I haven't posted on this thread in a few weeks.

The example 997cabguy posted is a good real world comparison.

The lease might have a slight $ disadvantage if you compare the all-in cost to the Porsche residual at nearly 60% will be correct. (accurate) The reality is that based on current trends for EV's, that residual is highly optimistic. The cash or finance buyers who own a Macan EV worth $40k plus in 3 years will wish they had leased.

No offense to the Macan EV, the EV market is soft and market share is stuck at 7-8% with massive incentives in place for the past 6-9 months. Future EV's will be priced cheaper so the market can grow. And 3 years from now battery cost and range will be much improved. Best wishes to all.

 

It does leave out 21 months of finance charges if you buy out the car at the end of the lease if you want to compare like vs like with 60 months of payments. Should be able to get better than 7% if financing. Don't disagree with lease if the depreciation curve is anything like the taycan but rent charge being nearly half the monthly is hard to swallow unless you have to have a porsche

 

I think we need to distinguish 2 scenarios here: A) someone who wants to keep the car for 3 years and B) someone who wants to own the car for longer than that - say 4 to 8+ years.

For scenario A, even with the $7.5k credit and interest on unspent cash, the car would need to depreciate an extra $15k-20k vs residual for the lease to break even with a cash purchase/resell.
If someone doesn’t want to gamble on the steepness of the depreciation curve, and ultimately doesn’t care to keep the car, a lease may indeed be a decent option.

For option B however, the carrot of the $7.5k incentive is only making Porsche richer. It will cost the buyer an extra 5 digits to lease-to-buy vs just bringing a bag of cash.

Lastly, I agree with you that EV overall (at least entry level) will be cheaper in the future and tech/battery/range will improve.
I however do not expect Porsche to lower their prices, it’s a premium/luxury/sports brand. If anything, they will get more expensive: just look at the Taycan at launch and Taycan v1.2.

But just like the new Taycan, they’ll have more bells and whistles and range to go with their higher price tag.

 

FYI as of Saturday 9/21 the MF updated to .0037, which is approximately 8.88%