I've Got My Lease Options: What's the verdict?

[shesallthat]

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Decision has been made. Please disregard.

 

[squirtle707]

What dealer did you get these numbers from? I'm also in California

 

[tmrqs]

-deleted -

Decision has been made. Please disregard.

Out of curiosity, would you mind sharing them again for comparison purposes (didn't see them before you updated your post)?
What did you decide in the end?

 

[Daniel15]

I'd also love to see what you originally posted. I saw in a Google search for this thread that you asked about whether it's worth just buying instead of leasing, but Google didn't have the full post cached.

 

[PanameraFrank]

I should be getting a lease quote today and will post the details.

 

[quaxon]

This is what i got from my dealer. I was considering between leasing or just buying with cash, I think I am gonna go the cash route as this seems excessively bad.

 

[Awaz]

Yes, same here. Cash purchase.

 

[Dragon Tourniquet]

So long as the early buyout and fees isn't bad you could do the lease and then buy it out a week later.

 

[PanameraFrank]

I looked over my lease today. Similar to above, it's very bad.
39 mo/12k miles
MF .00390
Residual 56%

Buyout is remainder of the payments in full + residual.

If you buy out day one you're getting hammered, 12-15k over cash price.

It's $122,827 for 39months/12k if you buy out at the end, $97,820 MSRP. That includes the tax rebate. Very ugly numbers.

 

[tmrqs]

Alas, not surprising.

 

[Dragon Tourniquet]

Buyout is remainder of the payments in full + residual.

Is that definitely correct, or is it the rent charge portion of the payments, which would exclude the interest portion. That's what I've normally seen for buyouts, but I've never dealt with Porsche before.

 

[PanameraFrank]

Is that definitely correct, or is it the rent charge portion of the payments, which would exclude the interest portion. That's what I've normally seen for buyouts, but I've never dealt with Porsche before.

It includes interest, at least that's what I was told. Porsche leases have always been brutally bad.

I also know many companies are taking that approach with EV leases now, too, to avoid people leasing and immediately buying out to backdoor the tax rebate. Rivian is another example.

But always check for yourself, I'm just dealing with one SA and I was never intending to lease so I'm not negotiating or anything.