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

[bbmertz]

I'm still waiting to hear back from the Finance team but want to ask about a 12mo lease with a 1 time payment, see if it allows to be about the price of purchase but having an out after 12 months if unhappy for some reason.

I went with a 12-month single-pay lease with 15K miles (minimum miles allowed for a 12-month lease) on my 4S. Money factor was high at .00350,but still lower than a monthly-pay lease, and a residual of 0.71.

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[50YearsSince]

I'm getting my S next week and was quoted .0043 and residual of 56% on a 39 month/10K miles (or 65% for 24/10K). My Purchase price is $96K so not a lot of options. And my CR is over 800 but that doesn't seem to matter. What are others being quoted lately?

 

[cometguy]

Is it still possible, in late March 2025 (or early April 2025), for the dealership to get the $7500 federal tax credit when leasing a new Macan 4 (and then passing that $7500 savings on to the bottom line to the customer, for the lease calculations)?

 

[seabird]

Is it still possible, in late March 2025 (or early April 2025), for the dealership to get the $7500 federal tax credit when leasing a new Macan 4 (and then passing that $7500 savings on to the bottom line to the customer, for the lease calculations)?

Yes, but the combination of the origination fee, money factor, and inflated residual makes that $7500 vanish. The leases are awful except for the occasional promo for an in-inventory unit. Unless you need to lease for tax reasons, it's not worth the bother.

 

[tmrqs]

Yes, but the combination of the origination fee, money factor, and inflated residual makes that $7500 vanish. The leases are awful except for the occasional promo for an in-inventory unit. Unless you need to lease for tax reasons, it's not worth the bother.

Unless you do a one pay lease (12 to 24 months) and pay it off after 3 months, effectively buying the car and pocketing a good chunk of the $7.5k credit.

Ask me how I know.

 

[seabird]

Unless you do a one pay lease (12 to 24 months) and pay it off after 3 months, effectively buying the car and pocketing a good chunk of the $7.5k credit.

Ask me how I know.

Yep, that would also do it. You'd net out around $4100 of the $7500 with that approach. Normally that wouldn't be worth it against returns on that ~$100K, but with the market in freefall, parking that cash in investments instead might lose money as fast as depreciation haha.

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