Lease help
Thread Starter
3rd Gear
Joined: Feb 2020
Posts: 3
Likes: 0
Lease help
Hi all. I'm new to these forums, so please excuse my error if I've posted this in the wrong area. I'm curious to know if there is a discussion thread where folks can compare or evaluate lease rates, MFs, and other aspects of lease offers for Macans.
Thanks in advance!
Thanks in advance!
Burning Brakes
Joined: Oct 2016
Posts: 785
Likes: 128
From: North Jersey
Try using the search function - theres a few threads out there and the general consensus is lease rates for Porsches are horrible unless you use the car for business and can write it off.
When I was looking to buy my macan I briefly spoke to my SA and said I might lease it - he rolled his eyes and did the math for - leasing any Porsche doesn’t make sense financially for me.
https://rennlist.com/forums/porsche-...al-and-mf.html
When I was looking to buy my macan I briefly spoke to my SA and said I might lease it - he rolled his eyes and did the math for - leasing any Porsche doesn’t make sense financially for me.
https://rennlist.com/forums/porsche-...al-and-mf.html
Rennlist Member
Joined: Nov 2012
Posts: 1,024
Likes: 91
From: SoCal
Try Edmunds.com first, or leasehackr.com. You can ask about money factors if you join their forum.
Be prepared for Close to 6% interest rate (MF x 2400) in a 1.3% 3 yr Treasury rate environment. If they don't take a substantial chunk of sticker price to compensate for the high MF, don't do it.
Be prepared for Close to 6% interest rate (MF x 2400) in a 1.3% 3 yr Treasury rate environment. If they don't take a substantial chunk of sticker price to compensate for the high MF, don't do it.
Thread Starter
3rd Gear
Joined: Feb 2020
Posts: 3
Likes: 0
Thanks! I found out that it is 0.0025 with 58% residual (Turbo). The MF is awful.
What do folks do when buying a Porsche like the Macan Turbo, and want to avoid the terrible lease interest rates? Finance?
What do folks do when buying a Porsche like the Macan Turbo, and want to avoid the terrible lease interest rates? Finance?
Burning Brakes
Joined: Oct 2016
Posts: 785
Likes: 128
From: North Jersey
I see quite a few guys credit unions specifically Pen Fed.
Rennlist Member
Joined: Jun 2015
Posts: 4,078
Likes: 914
Penfed is great and they have something called Payment Saver, which provides a pmt closer to lease rates but you own the car. Of course there's a balloon pmt at the end, which you can pay off or refinance.
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Rennlist Member
Joined: Nov 2012
Posts: 1,024
Likes: 91
From: SoCal
Originally Posted by SilverBass
Thanks! I found out that it is 0.0025 with 58% residual (Turbo). The MF is awful.
What do folks do when buying a Porsche like the Macan Turbo, and want to avoid the terrible lease interest rates? Finance?
What do folks do when buying a Porsche like the Macan Turbo, and want to avoid the terrible lease interest rates? Finance?
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Rennlist Member
Joined: Oct 2008
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Rennlist Member
Joined: Nov 2018
Posts: 279
Likes: 60
From: Denver, CO
If you're looking for lease value, you might consider the X3M.
https://x3.xbimmers.com/forums/showp...&postcount=552
https://x3.xbimmers.com/forums/showp...&postcount=552
Rennlist Member
Joined: Mar 2012
Posts: 17,248
Likes: 2,218
From: SoCal
I suspect you're coming from BMW ???
Porsche money factors are very high, residuals not horrible but the capitalized amounts are capped.
They lease horribly. Pay cash. Unless you have a business reason to lease.
There is a reason porsche is the most profitable car company. Luckily their product is very good too.
Porsche money factors are very high, residuals not horrible but the capitalized amounts are capped.
They lease horribly. Pay cash. Unless you have a business reason to lease.
There is a reason porsche is the most profitable car company. Luckily their product is very good too.
Track Day
Joined: Jul 2017
Posts: 17
Likes: 4
From: Grosse Pointe, MI
I only have "Turbo" numbers (no S or Base) from my dealer (confirmed by Edmunds).
Porsche Financial lease #'s for February only:
2020 Macan Turbo
Residual (36 month)
10k - 58%
12k - 57%
15k - 55%
Base MF
.00250 (6%)
Residuals are relatively par for the category, however the MF is abysmal...
Porsche Financial lease #'s for February only:
2020 Macan Turbo
Residual (36 month)
10k - 58%
12k - 57%
15k - 55%
Base MF
.00250 (6%)
Residuals are relatively par for the category, however the MF is abysmal...
Rennlist Member
Joined: Nov 2018
Posts: 279
Likes: 60
From: Denver, CO
Rennlist Member
Joined: Nov 2012
Posts: 1,024
Likes: 91
From: SoCal
Originally Posted by br911
Try Edmunds.com first, or leasehackr.com. You can ask about money factors if you join their forum.
Be prepared for Close to 6% interest rate (MF x 2400) in a 1.3% 3 yr Treasury rate environment. If they don't take a substantial chunk of sticker price to compensate for the high MF, don't do it.
Be prepared for Close to 6% interest rate (MF x 2400) in a 1.3% 3 yr Treasury rate environment. If they don't take a substantial chunk of sticker price to compensate for the high MF, don't do it.
Just got a call from a dealer that wanted to charge me ADM on a new car 1 month ago - I walked away - asking I am still interested at sticker.
What a difference a few days makes...