Panamera GTS lease
#3
I have heard that the residual is capped at a certain MRSP on the GTS?
Since most dealerships only get a small allocation, I am curious to what kind of deal can be had on a 36 month, 12k lease..
Since most dealerships only get a small allocation, I am curious to what kind of deal can be had on a 36 month, 12k lease..
#4
If you haven't leased a Porsche before they lease differently than other cars. Porsche has what is called an MRM, which essentially is a maximum value used for the car when calculating the residual. The net effect is over a certain level of options you end up paying 100% for the options in the lease instead of the difference between purchase price and residual. Not sure what the MRM level is for the GTS, but depending on level of options if you go over the MRM for the car the lease skyrockets because of this.
#5
Rennlist Member
If you are looking for a deal, look for a less desired vehicle, depending on how you option the car expect a to pay between 80-95k over the term, the car is worth every penny IMO.
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#9
#10
Because lease payments are 100% deductible to a business. Depreciation, which you deduct after purchasing a vehicle, has limits that makes it a much worse way to deduct an expensive vehicle.
So lease for 3 years and 100% write off all the PNA-declared depreciation (46% of the original cost in this case) with those payments, and buy the car if you really like it and then depreciate the residual amount (54%) over a long period of time.
So lease for 3 years and 100% write off all the PNA-declared depreciation (46% of the original cost in this case) with those payments, and buy the car if you really like it and then depreciate the residual amount (54%) over a long period of time.
#11
Instructor
The tax benefit of leasing is often greatly overstated, IMO.
Over three years, the additional finance charges incurred (lease versus traditional loan) might total $10-12K on a car such as this.
Then add in incept and dispo/buyout fees and you've got another strike against leasing.
Auto leasing *may* make sense for some, but it's not a no-brainer. Especially with the cray 300-400bps spread finance co's seem to expect on a lease contract.
$0.02
Over three years, the additional finance charges incurred (lease versus traditional loan) might total $10-12K on a car such as this.
Then add in incept and dispo/buyout fees and you've got another strike against leasing.
Auto leasing *may* make sense for some, but it's not a no-brainer. Especially with the cray 300-400bps spread finance co's seem to expect on a lease contract.
$0.02
#13
Burning Brakes
I imagine there are dangers to leasing a fun vehicle as a business expense as well. You need to be careful about recording usage for business versus personal use. I'm not even sure you're allowed to do that with vehicles. You can do mixed-use for things like a home office if you're self employed, but the rules for vehicles might be more strict.
#14
Drifting
My ex-accountant used to refer to leasing as "poor man's financing". It's for people who can't afford the actual payments to purchase a car. His words, not mine. I've leased before, but only because I wanted the protection of the residual, or there was a special deal going, but never purely for taxes, even when I owned my own business.
And I've never leased a Porsche, their rates just aren't very good. BMW, Mercedes, etc. they all subsidize their leases to some extent.