Delivery in May, Lease or Finance?

[Nyck80]

Hi,

My Taycan RWD should be delivered in May after some shipping delays. Initially I thought about leasing the car because I’m not sure how the EVs will hold up with residual value. I would probably still lease if I could the below pricing of the current offers. But my dealer quotes me higher lease rates by about $150 and claims that the below is not valid anymore. My delivery got pushed back from March to May, so I have to wait if PCNA is publishing ay similar offers for Q2.

But I’m now also looking into Financing, the thought process is that I don’t think supply is going to improve significantly in the next 1-2 years and the residual value will remain higher for the next 2-3 years than I get on a lease. I also read quite a few times in this forum that lease rates are bad at Porsche because there is no subvention and financing makes in most cases more sense.

What makes the most sense these days? Lease, finance, buy outright? What did the members do in this forum? Can you also share lease or loan rates?

On a side note, I never bought a car so I have no experience. I worked for BMW for the last 14 years and had a company car… Therefore I’m looking for all tips, tricks, advises and opinions! Thanks in advance.

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[NewPdude]

Money factors are high with the lease… my SA says .003 which is equates to about 7.2%

 

[vegasmonkey]

My delivery is now in June. I am definitely financing.

 

[Nyck80]

My car made an earlier vessel after being delayed for a month. Should arrive late April/early May. I’m now very much leaning towards financing as well. I think I can get a rate of 2.29% with BofA

what rates are you seeing and where?

 

[vegasmonkey]

My credit union is offering 1.69% for 72 months.

 

[Mr.Smith]

This months M

Money factors are high with the lease… my SA says .003 which is equates to about 7.2%

This months MF is .0024. Dealerships always mark it up
It will be worse in June

RV is garbage too. Not worth leasing a Taycan

 

[soul.electrified]

My game plan will be financing via credit union. I may hold on to the car for a few years, so hoping to pay it off within 3 years or so ...

 

[Nyck80]

My credit union is offering 1.69% for 72 months.

Can you share what credit union that is? The lowest I found was 1.99%, but only for shorter terms.

 

[evn00b]

Penfed is offering 1.99% for 60 months but their customer service was horrible. I got 2.09% for same term from BoA right before rates went up 0.2% - super smooth service via their preferred rewards helpline. It didn’t make sense to pay cash upfront for such an expensive car instead of keeping that amount invested and working.

 

[vegasmonkey]

Can you share what credit union that is? The lowest I found was 1.99%, but only for shorter terms.

Gain FCU. Super small CU in soCal with 2 locations.

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