Buying vs leasing (and possibly buying then): my numbers

[DTaxman]

This is just all too ridiculous. I’m just going to buy the damn car tomorrow.

I'm right there with you.... I've just got a couple more weeks to make a decision. I've never been a fan of leasing and never aim to hold any vehicle for just a couple years so a steep depreciation doesn't bother me much. However, the 7.5K EV credit is the only thing I'm trying to understand if I can reasonably get it.

 

[PanameraFrank]

It's not really as complicated for the "I want to buy the car" crowd.

Any lease + buying out after 3 months will get you between 5k to 6k of savings over buying cash, assuming you check all terms.

Just ask for 2 years/7.5k miles. Make sure there's no buyout penalty clause (shouldn't be) pay for 2 additional months, then you can just buy out through the Porsche website. It's quite easy.

The different lease terms are only saving you an additional 1k at the very most aka 3 months of rent charge.

 

[dgkhn]

Could I agree to a 24 month lease, 10k miles per year, and in 3-6 months pay off the lease without having to disclose that I’m doing that? That way I can get the 7,500 tax deduction and perhaps come ahead when compared to just buying the 4S… enclosed is the offer from the Porsche dealership.

I am just answering your question here, not reviewing your deal. The answer is "Yes, you can do exactly that."

Edit: I should add, you can do that with all the Porsche leases I have seen. Read through your actual agreement language to be sure.

 

[PSPJames]

I just spoke to the dealer I'm working with and asked if the dealer had a penalty if we were to buyout the lease early. He said they get charged back if I don't make three full payments. That's fine with me! I'm attaching the residual calculator I found on another website, which seems to be accurate as far as I can see.. this is for a 2025 4S.

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