Im interested in leasing a 991 cab- any programs or deals going on ? What are you guys paying (those of you who choose to lease). I have my weekend warrior 997tt and the 991 just seems right..

 

going to be signing lease very soon. 48 months @ 20k kms per year around 2k/month
Build price 130k. Canada is frightfully expensive. Residuals are calculated @ 46% on the S models.

 

leases are always horrible on porsches, u should know this...

never understood why anyone would lease a sports car.... isn't it meant as a "luxury" i.e.. something you buy when you can afford it? not saying people that lease cannot afford, because they always end of paying more than everyone else... but why not buy and subsequently sell and lose less than what your paying in lease payments?

always been a pet peeve.. everyone leasing but nobody knowing why they do it besides to "save money" in some way/shape/form...

 

First time porsche leasing. Will like still go for it. Dont feel like forking up 130+tax at the moment.

 

Anyone else can share their leasing calculations? Would be interesting to compare.

 

whats your hesitation against negotiating and financing versus leasing?

honestly the lease rates are only slightly lower than finance rates and thats at MSRP... negotiate down the selling price and finance and your golden... in 3 years you'll be thanking me.. you and your wallet.

also instead of spending 130k... you could always get a perfectly built vehicle for 100k and save yourself that much more money.. and have an easier time selling it as options really add nothing on resale value besides bragging rights and empty wallets.

 

I went to the stealer yesterday. A 2 year lease was about $2200 and about $2000 for 3 year. Money factor was very high (7%), and really not worth it. I'd lease too if the rate was lower because you can more easily write it off as a business expense and walk away losing less. But chase has finance rates of about 2.9% which bring payments closer to lease payments.

 

In Canada its ultra high the interest rate is going to be around 7-8%...ridiculous. I usually buy (finance) but my Targa is leased at 4.9% (money factor) as they had a "special". Only real advantage to me leasing has been the 2 huge non-fault accidents my car ended up in. In a closed Porsche Financial lease you return it without penalties

Another thing to keep in mind is that Porsche will only go so far for the residual of the car (MRV) "Mean Residual Value". Its a complex way of saying that if you buy a C2S we will only give you 60% of 130k after 3 years so anything above 130k will be put right ontop of the lease making payments even larger. A nicely spec'd C2S Coupe is going to run you around $2200.00 a month (all in), cab probably $2400/$2500... purely guessing here and what I heard at the dealership.

See John Lee at Downtown Porsche - tell him Joe sent you.

 

in canada a base 991 basic spec will be around 108k. on a 130k car whether you lease or finance, it makes no difference. i worked out the math. unless you buy it with your own cash. if you buy with your own cash, you save 28k over the 4 year period.
If you finance it from the bank or lease from porsche its not a huge difference. intact you are better of leasing it and have the option to buy.

 

One benefit of leasing is that it "insures" the residual value as the leasing company takes all of the down side risk. If, at the end of the term, the car is worth less than the residual you signed for, give them the keys. If it is worth more, buy the car and keep enjoying it or flip it for a profit.

Obviously, this is just one aspect of leasing to consider when making your purchase decision.

 

Yes good point.. however Porsche is pretty good at insuring a nice buffer for themselves..

 

That's an uneducated opinion and you should read more into leasing vs buying/financing. I always lease my car because I can claim it as a tax deduction and save much more money this way. Also, if you're like me and like changing new cars every few years, buying/financing is almost always a bad decision

 

I do like to change cars but I believe that Porsche financial is a little **** about lease transfers. Even if u transfer the lease u are still liable if the other guy defaults or screws up the wear and tear on return. Please correct me if I am wrong.

 

I lease for the tax write off and because I usually never keep my cars the whole lease term. I sold my C2S back to the dealer (not for a trade), after only 2 years on a 3 year lease. They have me exactly what I owed on it, and I had 29,000 miles on it. The CTT is worth 10k more then what I owe on it and I have only been leasing it for 1 year.
This is not common, I know, but leasing is the way to go for people like me. I did buy my GT2 because it was already used and they do not like to lease the GT cars.

 

i leased my 07 gt3 for 4 yrs for the tax write off. build was $120 with 5k down was 1850/mo. not great price (93k for 4 yrs) but was able to sell it for 10k profit just prior to lease end which helped out