My S5 Sportback lease is up in May 2022 and I'm shopping vehicles.

Three I'm considering are:
- RS5 Sportback
- Macan GTS
- GLC63s

The Audi and Porsche, with my specs, have a $2,500 difference in MSRP (GTS being a tad more).

The big kicker is the lease rate - 2.98% on the RS5 (including a 1% loyalty discount) and 6.49% on the Macan GTS!!!

The implicit finance charge for the Audi is $8,571 on a 48 month lease with the Porsche being $19,245 on the same term.

Does Porsche just hate leasing cars? Do their rates ever fluctuate?

I've run the numbers many ways with my accountant and because the vehicle will be in my corporation, leasing is always the best route. I just can't justify paying Porsche 6.49% in the current interest rate environment. It's essentially an $11,000 Porsche Tax.

 

Welcome to Porsche.

 

I could never figure it out myself. The lease rates are comical.

This is why the daily is a Q7. Same car as a Cayenne, for half the lease cost.

 

Doesn't make sense that brands in the same 'family' have differing lease rates. On the assumption that they have the same underlying cost of capital, I guess it's Porshce simply charging a premium and making a few more $'s of interest income over the lease term.

 

Just wait till luxury tax. Add 10 percent up front

 

I picked up my macan GTS in December, 2020 and lease rate was 4.99

 

My brother, a two time S5 leaser. Just booked a Genesis for feb delivery.
He brought it by for me test drive. It was very pleasant to drive. As a car snob.
I could see myself in one too. At home service, and loaner. Great warranty.
I know this pandemic may seem like a long two weeks. But home service and a delivered loaner car?
Seems like Amazon prime, without the dealership drama.
Similar monthly rate, without that money due at delivery.

 

Has little to do what their cost of capital is. Each vehicle line, model and trim have specific business cases. Lease rates are but one of a myriad of variables that can be manipulated to achieve business goals. With a lease rate like the above you can surmise that they see no need to incentivize sales and can make a few points on the lease too.

 

Yup. It always falls back to supply & demand.

 

O/P
how many kilometers on your S5? What is your buyout
With used car prices the way they are? Are you leaving cash on the table at your return?
You have a set buy out on Your contract. Is it below the retail market on autotrader?
Are you over milage? Will they be charging you for that overage?
Can you extend your existing lease at the same rate that you have? That would also reduce the buy out, in another 12 months.

My brother in-law just gave back his A5 high line w/23000 Kms. He doesn’t care, like I do.

 

Porsche buyers are mainly "cash" not lease financed ... I asked the same question when I was looking at the Macan GTS and the simple answer was - "the self finance these cars" ... end of story. Put simply, Porsche has a line up of buyers and mainly from Asia where they charge a premium so if we in Canada don't buy I am not sure they are fussed the least. A

 

good luck finding a GLC63. MB won't be making any '63' for 2022

No 2022 - C63, GLC63, E63, GLE580, GLS580, GLE63, GLS63, GLS600 Maybach, G550, and G63

 

My lease is up in May and I’ll definitely be evaluating the market value as we enter the new year and looking at how I can extract the equity, if there is any.

 

I’d be happy to self finance but as the car will be held in a corporation, my accountant tells me leasing is 100% the best route to minimize tax liabilities.

 

Talked to my sales rep. He said I can get a 2023 in late Summer. I’ve asked if they have any options to bridge me from my May lease expiry until a GLC could be delivered.

Maybe I consider buying out my S5, drive it for 3-4 months and resell when the GLC arrives, if the buyout on the lease is attractive relative to market value.