leasing a panamera tomorrow ( I got Numbers )
#16
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.
Last edited by yrralis1; 05-20-2011 at 01:26 AM.
#17
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 ?
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 ?
#18
52K (tax included) to rent a 79k car for three years --in my opinion makes no sense .
Maybe that's why he even asked.
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 ?
Maybe that's why he even asked.
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 ?
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.
Last edited by yrralis1; 05-20-2011 at 02:18 AM.
#19
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
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
#20
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
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
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.
#21
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
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
#22
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.
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.
#23
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.
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.
#25
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?
#26
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.
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.
#27
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.
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.
what should residual be after 3 years?
#29
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.