He's not asking about ANY lease .
He's asking about the lease he presented in his first post. It will not make one shred of difference in my life what he decides with this car but he did ask for an opinion in an open forum and I gave him mine .
I also presented reasons to back up why i have that opinion .
I also sincerely wish him the best .

He can have a new warranty if he bought the car .
He can have a car in three years if he bought the car .
He never even stated whether he was a business owner .
Even if he was it would not matter with thse numbers .

52K (tax included) to rent a 79k car for three years --in my opinion makes no sense .
Maybe that's why he even asked.

 

52K (tax included) to rent a 79k car for three years --in my opinion makes no sense .
Maybe that's why he even asked.[/QUOTE]


36 payments X $1266 = 45,576+$2300 drive off =$47,776
54% residual of a 77k car is
$41,500 (i believe is my payoff if i wanted to buy?)
is this all correct?

$52k i have it at $47,776 ?

 

Your 47,776 is correct . I re read the first post and you did say "including tax" . Since its so late here in error I taxed the 47776 at 9.75 percent .

It's still a huge amount of money when Porsches generally do hold their value . Since the V6 panamera is Porsche's entry level sedan it is desireable . If you look at prices of older Porsches .. even a 2002 996 priced at 79K in that year has asking prices in the 30's and low 40's (with under 30K miles) .

If you lease this one and then lease another --it will cost nearly 100K and in 6 years --no car .

Good luck in whatever you decide.

 

Ok if I do buy it 77k+ tax and license=
about 87k

Say
2k down
So I finance 85k
60 months
5%apr. ( Just a medium apr I picked)
$1604
X 36 months =
$57.5k

I still owe bank 36.5k
Based on Porsche 54%residual at 41.5k

So I sell the Porsche with 5 k I'n my pocket

But lease payment $1260 vs finance payment of $1600
Difference of 340x 36payments =12k

Sounds like 7k cheaper to lease + don't have to deal of hassle with trying to sel.just walk away

Is this correct ??

Never financed before

 

First off I have never heard of anyone buying an 77K car with 2K down and financing the balance .
I have never even heard of someone leasing a 77K car if he only has 2K in his pocket .

Is this thread a joke ?

Good luck in your decision.

 

When Leasing,you always put
minimum : drive offs which is 2k

When you put more money down. You only get a 22-27 dollar savings per month per thousand for 36 months
Also if you total the car you lose all that down payment

The reason why I put 2k down on purchase is to compare apples to apples

But let's go 23k down

Both payments are
$1269
You will owe bank 28k
Sell car for 41.5
You make 13k
But you put 21k more down

Therefore I have 8k more

I know I am rounding numbers
But not 8k worth


Is my math incorrect? Like I said never financed just leased all my cars

from iPhone

 

If there is no tax write off, Porsche leases don't make financial sense. If you cannot afford the car with financing a purchase, leasing, albeit less up front, will definitely cost a lot more in the long run as these cars hold their values well.

Factory subsidized leases like BMW and MB on their colder models is probably similar for leasing and purchasing.

Perhaps the most finacially sound purchase is a low mile one year old Panamera. Porsche may offer discounted financing on certified vehicles.

 

^^^this. porsche leases are generally crappy. look at the residual. my $96k E63 had a residual in the high 60's i believe. my payments were $13xx including tax. i also had a similarly optioned M5 in the same price range. if you can't write it off, buying would be better.

 

at the end of the lease there is the option to buy it..

 

I think I would lease a Golf Diesel and buy a Carrera with that money, leasing on high end highly depreciating cars is hard on your pocket, unless is fully deductible but its only partially deductible right?

 

As a point of example. I just received a quote for a 2011 Panamera Turbo.

For whatever reason, the sales rep chose to send over lease terms on a 36 month lease as well. Based upon what I received, I the MF would be around .00186 and I was able to derive the residual to be about 46%/47% (which is horrendous).

Now I do realize that this is all unnegotiated, but, please. I would finance or pay cash first.

 

the MF seems good..

what should residual be after 3 years?

 

go for it....they are the best 4doors around....

 

I just got to flog a Panamera at the Del Mar fairgrounds SD Porsche event and it is a super fun car. Best of luck with which ever route you choose. My gf is looking long and hard at the Panamera now.

 

I would like to think a residual closer to 54%-60% seems more appropriate based upon comparison to cars in similar class.