When going over the lease for the 2014 Panny GTS for a 150k MSRP the residual was 52k. So if someone buys say a 30k mile panny gts that had an MSRP of 150k is that a good deal?

What do you all think? When I saw this, it potentially got me thinking maybe I should hunt down leases if the residuals are that cheap. I wonder what the market value would be of this car in 3 years.

Thoughts?

 

That seems to be a very low residual. My '13 GTS 3 year/30K mile lease has a residual of around 54-56%.

 

Well they say porsche won't do a residual calculation on this car over like 131k or something like that.

 

anyone else?

 

The bigger issue will be the warranty running out. It may be expensive to fix after warranty is out. Maybe thats why the residual is so low.

 

A car losing 2/3rds of its value in three years is quite a bit (especially with low miles). I see three year old PTT's not lose that much and I'd bet those are even more expensive to fix.

Rippey

 

I think you guys are confusing residual with market value. The residual is 52k the market value may be 80k

 

This is true on all Porsches they have a cap on each model. This way when we order a high MSRP car they don't get stuck getting it back and not being able to get any value/sales price out of the extra options. When I orderd my 2012 PTT with $175k MSRP, they showed me that the cap was like $139k on a Turbo, so I had to pay the $46k difference over the life of the lease, so an extra $1,200 per month. Made the Lease make no sense, so I bought it.

With rates as low as they are today for a high MSRP car you are better off with a puchase. But like any Panny the depreciation on a new one is steep the first 2 years. GTS will have the least depreciation of all Panny's for sure, with many 2nd buyers who are enthusiasts who cant afford new ready to buy a used one.

If it is spec'd how you like it, buy it you will not regret a single minute of owning it. For a Daily drive it has no equal.

 

I already have it. It is a lease. I was just wondering because I may start going after leases since the residual is so low. Or it appears low to me. That is why I wanted to ask you all if 52k for my car in 3 years with 30k miles is a good deal.

 

anyone else?

 

Good deal for who? The person buying out your lease? Porsche Financial? I'd say MSRP 150k and a residual of 52k after three years is a HORRIBLE deal for the person holding/paying the lease. However, if Porsche Financial holds your note, then it's a great deal for them because market value for the car will probably be 80k and they can make a nice 30k profit at your expense.

 

Of course its a good deal and many people simply turn in their leases and the dealers/PFS kill it, again. I know my GTS will have significant equity in 17 months and I will use that to my advantage when getting the next car. I can buy, pay tax, use tax credit towards new car, etc. or I know for a fact the local dealer will work it into the deal cause he's going to want the GTS to sell.