My lease is up soon, and I'm sure it could be extended if I want to get into a 991.2, but I'm wondering about a new lease on my existing car? I love it. I might buy it, but I'm curious as to my options. Has anyone ever leased their off-lease vehicle through PFS? Are the money factors much higher than a new lease? Are the residuals reasonable or are they set to de-incentivize leasing a used car?

Thanks
DRP

 

When I was first thinking about leasing in 2014, I priced two pre-owned cars. It made absolutely no sense. You will not be treated with any preference because you were a lessee. The MF is outrageous and the residuals to do not reflect the market of similarly aged and equipped cars, they are much lower. So, the net effect is you pay a higher interest rate (MF) and pay more cost cap reduction than a new car as a percentage to original price.

 

You are now experiencing the downside to leasing. Your best bet is to buy it if you love it that much.

 

Extend the lease term for a few months, and then consider buying the car out and financing the purchase price over a longer term.

 

You can extend your current lease up to 6 months at the same payment. I am doing it now while waiting for a custom order GTS. Just call PFS 4 weeks before your lease expires and ask them for the option. Call 2 weeks before the lease expiration date just to make sure they got the paperwork done.