Hello All,

I have never leased a car. I typically go with the 6k lb suvs and depreciate them as a business car. I am trading my Cayeene Turbo for a 12 Turbo S that I will use as a DD and business car.

I am being offered some special thing through my local dealer in South Texas which is some "zero sales tax" credit only if I lease. This equates to about 7k since I have a trade and a 3k tax credit coming from that. But if I had no trade it would still be zero tax on a lease.

Looking at a car that I would put zero down on due to 9k in equity and a 3 year lease with 10k miles per year at $2500 per mo. End of 3 years I pay some 91k and have a residual value of 89k.

Or I buy the car zero down and finance 60 mos with a payment closer to 3k per month at a rate of probably 3.5% and no mileage limits and I can still write the car off in some ways but perhaps not as much as if I lease the car according to my accountant who tells me if I am going to keep the car a short time it is better to lease and if I am going to keep it longer it would be better to buy.

What have others experienced?

 

I would say if depend off long you plan on keeping it. If every 2-3 years you are getting a new car then I would lease otherwise I would buy. I though Porsche was offer 2.49% to buy???

 

I am only just now submitting my financials and the application. He said more like mid 4% which seemed high to me but then again they are giving me 10k off msrp and a exceptionally higher trade value than many west coast dealers were offering like 5-8k more and those guys were not coming off their cars by 10k, more like 2-3% unless it was a 2011 and then I was seeing up to 9k off msrp on a low 170's car.

 

lease, its a good way to go, plus u may want the 991 turbo when it comes out....

 

I'd lease it and not dealing with the headache...

 

When I leased a very expensive car a few years ago(not Porsche), I was always paranoid that something would happen to it..get dinged etc. and I would be responsible for it when I turned it in. Watching the mileage was another unplesant experience. Never was comfortable until the day the lease was up and I walked. I was not writing it off as you will be but I don't think I would lease again.

 

LOL, exactly what my sales guy that has the lease option said. It won't be a turbo S though. He tells me that the 991 tt won't be out for another 3 years?

 

Even then it would a first year model turbo. They may improve the car in 1-2 years and you will have a older 991 turbo. If you were to lease the S and the 991 turbo then I could see doing the 991.

IMO I would buy the turbo S now (2012 model) you have the best most modern turbo S. No miles to worry over, no damage to worry about, and you can wait until the 991 turbo S or 991.2 comes out!

 

Lease. No headaches, less cash outlay and you can write it off.

 

Lease, write it off, less cash, never invest in a depreciating asset (H.Ford). These cars are nice, but not long term collectors (unless it's a Ruf conversion), they make thousands every year. Don't worry about dings/etc, 90% are allowed, normal wear and tear, it's gotta be outrageous to get hit for it in my experience.

 

Generally speaking, the US gets Porsches a year or so after Europe. Our first year cars are 2nd year cars... IE there was a year 2000 TT in Europe, we didn't get it till 2001.

 

Lease it. Better yet have the business overpay the lease and buy it out for cheap.

 

Agree. I am business owner and write off all my cars through the business. Lease if its a car, and finance if its SUV over 6k lbs. The TTS will depreciate near 60k after 3 years and then you lose an extra 16k in taxes you paid. If you lease then you pay for your miles, write off the payments on the business, and turn it in when your done.

 

Lease!

 

Wow, looks like lease is the winner! Only downside is the car comes with the 12 pwr ventalated seats instead of sport adaptive seats. But there is a part of me that will appreciate that during the summer time on a black/black car. I do like that it will have yellow deviated stitching everywhere and crest on headrest and leather center console. I got them to add yellow seatbelts to close the deal.

Zero cash down due to my 9-10k equity in trade, a 169k car for 159k, $2500 per mo, 3 years, zero sales tax due to something special in TX at this time and a residual value of 89k when I am done.

I will have paid 90k into it over the course of 3 years. Seems like this is the route to go but I will wait til I see the car to decide next week sometime.

Does that sound like a decent deal?