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.

 

[rmwrip]

Is a 2 year lease better than a 1 year or does it matter? For the pay off in 3 month deal. Does a 1 pay lease work with this plan?

 

[USMA81]

I have never leased before, but did this time. Here are my numbers. $107,600 purchase price for highly optioned Macan 4. No trade-in. Add $7,962 in sales tax if I had purchased. Buy: $115,562.

I leased, 2 year, 5,000 miles/yr. Initial payment including the $7,500 reduction, $35,000. First month residual value, including taxes, $75,626 (which I paid off in the first month). Total paid in two payments, initial and first month, $110,626. Savings, $4,936. If I had waited, each month would have reduced savings by about $600.

In hindsight, I should have waited 3 months. It avoids any timing issues of receipt of the title (multiple ownership changes within 30 days), and it keeps the dealer relationship positive.

There is no doubt leasing is more of a hassle, but for me, the hourly rate on my added time was good. Say $500 savings per hour.

 

[SupremeHustle]

Leasing to buy seems to be the way to go if you have the time and patience. I have neither.

I bought it knowing I'd either hand it down or sell it in three years. I'm sure it's going to depreciate as much as any other EV, especially mine since it's an almost fully loaded 4S. Meanwhile I'll wait to be disappointed until that time. And even then whatever I'm replacing it with will probably cheer me up. I wonder what that will be... Time to start looking.

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