Michael_s

As an adjunct to the used Turbo v. GTS thread, I built a car and forwarded to dealer for quote. Numbers were discussed over the phone, recap as follows:

- MSRP $125,585 including $975 Destination Charge
- Discount 5%
- Selling price $118,379 plus Destination Charge
- Lease credit of $1,115 x 3 for current lease of another vehicle (non-P)
- Mileage 12,000 per year
- Lease term: 3 years
- MF .002 or 4.8%
- Residual Value - I think it was 52% (1% lower then 4S)
- Monthly payment - $1,780.

Not sure I am going to lease the car at this number. Probably go the used PTT route and look for a nice low mileage PTT for better value.

This car (and most P cars) do not lease well. High MF factor and low residual = ouch!

Thoughts?

Bill P.

Those numbers look pretty good!

Overdraft

Michael..... for what its worth that looks like a pretty solid deal to me - won't enter into the debate of new GTS vs. used TT discussion but for a new car, my sense is that deal looks pretty good.

Michael_s

Thanks for the feedback. I purchased my 997 TT CPO'd so I am a little new to P car leasing, although I did explore a lease on a 997 GTS prior to purchasing my TT.

I am a long time BMW owner and used to much higher residuals (62-67%) after 3 years and MF in the range of .0017 or so.

It is hard to imagine a RV of +/- 50-55% after 3 years when reviewing current asking prices of 2010 cars. For example a nicely equipt 2010 PTT with a MSRP of 145-150K is being offered around 120-130K. Where is the depreciation when compared to the RV values?

I guess in the end you always get hit with the Porsche tax. Pay now, pay later, but you will pay. Then don't forget the $400 oil change........ lol. I'm getting a Honda.

nkhalidi

With BMW, BMWFS is like an extension of the marketing department. They manipulate residuals and money factors to incentivize sales. An example is the crazy 75+% residuals at 3yrs/36k they were placing on Z4s in Q3 and Q4 2011; it worked. It was actually so cheap to rent a Z4, I seriously considered it despite not really liking the car.

Porsche FS doesn't really do this. Its quoted MF and RV figures make it cheaper to finance and sell than to lease.

Michael_s

Agree 100%. Dealer offered me the buy rate of 3% for 84 months and the payment was $300 per month less. Of course with someone like me that is in and out of cars pretty every 2 years or so, the risk of an accident and future value is a big concern when buying. This is why I usually fo pre-owned/CPO.

Rennteam

My PFS lease of my Pana Turbo S is quite convenient but I suppose they have different offers in different countries. I will never buy a Porsche again, my last Cayenne Turbo S adventure was my last one. So far, leasing my cars has been very good for me. When the lease ends, I just return the car and don't look back. Yes, even in Germany, BMW has pretty good lease offers but I have to admit that Porsche somehow "adapted". In the past, their lease offers were pretty bad.