Hi All,
(Apologies in advance if this goes in finance/leasing)

Did anyone else get the end of lease loyalty special letter from PFS? The special is for leasing a new Porsche and they will waive up to 12 months of your existing lease. Basically if you are within 1 year of the end of your lease, you can switch up. I'm still trying to make sense of this...

I had been planning on buying(not leasing) a GT3 as an upgrade to my current leased 997.2S, but this has got me a bit confused.

Thoughts?

 

What are you confused about? If you are currently in a lease, you can get out early if you lease a new one. They were also doing this for leases from another brand, for up to 3 months.
Makes sense to do this sometimes. You figure driving a new car is worth more than driving a 2 year old one due to depreciation. The lease payment averages this out. The first part of your lease, you're paying less than the actual depreciation, towards the end of the lease you're paying more.
The pull ahead program can allow you to get a 2 year lease for the payment of a 3 year one.

 

I guess I was confused about whether it's worth doing. What you are saying makes sense though. Thanks for the response.

 

Find the car you want, make a good deal on it, lease it with the PFS deal to get into a new one. If you really want to keep it, buy out the lease from PFS with some of these crazy-low rates. I'm in the middle of considering buying my lease out from PFS with my CU at 2.99%. Not only will I own the car, but I'll be paying less to do so. The only major risk here is the value of my car once the 991 hits (and whether I REALLY want a 991 when that happens). As I LOVE my GTS, I'm planning on keeping for some time...but you never know.

 

Geez, I always forget about early lease payoff. Looked into it and I'll go that route on Monday and then start looking for a GT3. Thanks for the reminder!

 

I got an email about this and even though it does not say this - you can lease or buy your next p-car as long as it is through porsche financial. I spoke with 2 different sales managers at different dealers and they both said that they would honor it for a lease or purchase....so go get your GT3

 

Does that mean u are getting your RS soon?

 

I think its worth it if you buy (rather than lease) the next car .
Outside of that I see them gaining a used car at the height of the strong used market and placing you in a new lease at top dollar. It's a new car .. but it doesn't sound like any bargain .

 

Thanks for the advice Larry, always appreciate your thoughts.