Trying to Lease
11-14-2020, 10:50 AM
#16
Three Wheelin'
I live in Los Angeles and my DBS which was $350,000. I put $20,000 down and I pay $2,250 per month for plus tax!
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AlexCeres (11-14-2020)
11-14-2020, 01:42 PM
#17
Rennlist Member
11-14-2020, 02:04 PM
#18
If the $7500 is being applied as a capital reduction, wouldn't it make the monthly payment lower?
11-14-2020, 02:10 PM
#19
We are on our 3rd Tesla lease with the 3rd lease's end coming and hence the reason why we are looking for a Taycan lease. I had the same thought on the built-in obsolesce of the Tesla as it is like an iPad-on-wheels for me. However, I am seeing that the market value of the Tesla at lease end actually is quite a bit higher than the RV. Not sure if this is particular to Tesla or is it just EV just does not depreciate like a regular car.
For our first Tesla lease, the Federal tax credit was not applied as cap reduction but the last two actually has the cap reduction accounted for to reduce the monthly payment. I guess Porsche will probably do the same once the supply/demand is tilting to the buyer's side. But the MF on the Taycan lease seems to be quite high compare to even other Porsche models and without the $7500 cap reduction, it makes the lease quite non-comptetive other than the possibility of using it as a business expense deduction.
For our first Tesla lease, the Federal tax credit was not applied as cap reduction but the last two actually has the cap reduction accounted for to reduce the monthly payment. I guess Porsche will probably do the same once the supply/demand is tilting to the buyer's side. But the MF on the Taycan lease seems to be quite high compare to even other Porsche models and without the $7500 cap reduction, it makes the lease quite non-comptetive other than the possibility of using it as a business expense deduction.
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AlecG (11-17-2020)
11-14-2020, 03:36 PM
#20
Calkar: when I leased my Audi e-tron the Federal rebate was applied as a Cap cost reduction by Audi Financial services and helped markedly reduce the lease payment. I see no reason why Porsche Financial services wouldn’t also do this automatically or as part of a negotiation.
11-14-2020, 04:35 PM
#21
Three Wheelin'
11-14-2020, 04:42 PM
#22
Porsche lease terms are just generally very unfavorable compared to the rates available for financing, at least in the US. But sometimes there are other considerations, especially if you don’t intend to keep the car for more than 2-3 years. The depreciation on a v1.0 electric 4 door sedan over 100K is going to be very steep.
11-15-2020, 12:51 AM
#23
Rennlist Member
I don’t know. I wouldn’t buy a used iPhone, or Tesla. And with porsches being that much more expensive I would be worried about the technology of the latest and greatest new Tesla. Would you buy a 3 yr old taycan or a new model s. What Tesla has going for it is there really isn’t much competing with a 3 yr old Tesla.
Haha I’m going to throw logic out the window in 2021 and buy a new cross tourismo. I love a good shooting brake.
Haha I’m going to throw logic out the window in 2021 and buy a new cross tourismo. I love a good shooting brake.
Last edited by jlee504; 11-15-2020 at 12:52 AM.
11-15-2020, 03:49 AM
#24
Three Wheelin'
11-20-2020, 03:05 PM
#25
Addict
Rennlist Member
Rennlist Member
so I've been having this conversation with many friends. wouldn't everyone want to only lease an electric vehicle? I've bought all my cars to date but I feel like when I'm ready to get into one it has to be a lease because its like an iPhone or an iPad, the technology will move so fast and the battery will degrade that why would anyone hold it? I can't figure out the logic to buy one of these as you have no idea how the used car market will be for an aged piece of technology.
am I missing it?
am I missing it?
For me, I don't lease either but on every Pcar I've ever bought I've never given a thought to the next owner.....i.e. trade-in.
It's probably selfish but I determined years ago that driving/tracking was one of my life's pleasures. After some trial a error, determined Porsches fit well.
Life's short and if you share the passion, what more could you ask of a dollar than to provide that pleasure.....for 'you'.
Besides.....few people want my cars after they're moded them for 'me' anyway
.
11-29-2020, 08:51 PM
#26
Calkar: when I leased my Audi e-tron the Federal rebate was applied as a Cap cost reduction by Audi Financial services and helped markedly reduce the lease payment. I see no reason why Porsche Financial services wouldn’t also do this automatically or as part of a negotiation.
11-30-2020, 11:08 AM
#27
Having not purchased an EV before, how does this work? I thought that the tax credit was just that -- a tax credit against income that you could recover when you calculated taxes at year end. If Porsche is using the credit as a cap reduction, would also seem like you could get the credit if you are purchasing outright.
1: Purchase: the buyer can take the full Federal tax rebate
2: Lease: the leasing company, in my case Audi Financial Services take the tax credit as they own the car, but then can, if they wish, apply the $7,500 as a Cap cost reduction as part of the discount/deal.
I leased so scenario 2 worked for me.
11-30-2020, 12:53 PM
#28
My understanding is this:
1: Purchase: the buyer can take the full Federal tax rebate
2: Lease: the leasing company, in my case Audi Financial Services take the tax credit as they own the car, but then can, if they wish, apply the $7,500 as a Cap cost reduction as part of the discount/deal.
I leased so scenario 2 worked for me.
1: Purchase: the buyer can take the full Federal tax rebate
2: Lease: the leasing company, in my case Audi Financial Services take the tax credit as they own the car, but then can, if they wish, apply the $7,500 as a Cap cost reduction as part of the discount/deal.
I leased so scenario 2 worked for me.
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thebishman (12-01-2020)