I recently picked up a new 2011 v8 Vantage N420. I have had a couple of Porsches before this (996 C4 cab and 997 C2S). I got lucky because the dealer was offering really good lease rates, so I was able to swing a 2 year lease. I was wondering if most AM owners are leasing or buying? If leasing, are you returning the cars at lease end, or is it worth purchasing?

 

I did a purchase on a 06' V8V (cause its all I could afford). Maybe after your lease is up, I could purchase it

 

so what are your monthlies? whats the residual?

 

If you are writing off the payment for a company expense than lease, otherwise buy.

 

Had to put $10k down. Lease monthly is $1450 + taxes. I think residual after 2 years is $76k. It works for me because I don't want to spend the money to buy a new one. I guess after 2 years, I can decide whether to return or buy it out.

 

is it me or does that residual after 2 years sound really low - or am i missing something?

 

Exactly. But I should add one other time you should lease: if you are getting something experimental, like an electric.

 

Good point. I briefly considered ordering a Fisker Karma - in which case leasing would have definitely made sense.

 

It doesn't make sense to me either

 

I guess the low (relative) residual makes it more tempting to buy the car at the end of the lease period. The dealer did mention that many people have "equity" at the end of the lease and actually sell the car back to the dealer at a price higher than the residual.

 

Dealer is AM Newport Beach (received some PM's regarding dealer, but I don't have enough posts to reply via PM)

 

10K down & $1,450/mo seems like a good deal to me. The residual also seems reasonable... equity in the car after the lease term is a good thing. What's the leasing company?

 

Premier Financial Services is the leasing company.

 

Thanks! I'll check them out.

 

This sounds like an open ended lease where YOU are responsible for the car at the end....