Need advice on purchasing or leasing Taycan GTS

[AllsenseK]

Hello,

I need advice on leasing 2024 Taycan GTS or purchasing 2023 Taycan CPO with brand new. I'm currently own 2022 Taycan base and want to upgrade it to the GTS. I need some advice which is better option. (Depreciation and current deals) I feel like the lease option looks better but still need advice.

Currently, I'm dealing with two dealerships.

Option 1: lease 2024 GTS brand new (Demo)
MSRP: $164K
Discount: $25K
Rebate: $22.5K
Residual: $93,731

Monthly: $1,500 x 39 months (5,000 miles) with 0 down payment.

Option 2: purchase CPO 2023 GTS brand new

MSRP:157K
Discount:47K

Selling price: 110K (30% off)

I never leased before so I prefer to purchase the vehicle but the depreciation of EV is really crazy as we all know. I drive 3,500 miles per year. so If I purchase the car and drive for 3 yrs, it is still around 10,000 miles. In this case, which is better option and reasons?

Thank you.

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[diononiz]

Hello,

I need advice on leasing 2024 Taycan GTS or purchasing 2023 Taycan CPO with brand new. I'm currently own 2022 Taycan base and want to upgrade it to the GTS. I need some advice which is better option. (Depreciation and current deals) I feel like the lease option looks better but still need advice.

Currently, I'm dealing with two dealerships.

Option 1: lease 2024 GTS brand new (Demo)
MSRP: $164K
Discount: $25K
Rebate: $22.5K
Residual: $93,731

Monthly: $1,500 x 39 months (5,000 miles) with 0 down payment.

Option 2: purchase CPO 2023 GTS brand new

MSRP:157K
Discount:47K

Selling price: 110K (30% off)

I never leased before so I prefer to purchase the vehicle but the depreciation of EV is really crazy as we all know. I drive 3,500 miles per year. so If I purchase the car and drive for 3 yrs, it is still around 10,000 miles. In this case, which is better option and reasons?

Thank you.

That is a great price!! Honestly with all the issues I have had with my Taycan and the horrible depreciation, I would lease it.

 

[Irv09]

I would lease it also. I had a 2020 Taycan Turbo and there were a number of small issues, but it took away from the experience. At the end of lease, the car was worth less than the residual value and now looking at the 2025 cars, I could not imagine trying to sell the car if I had kept it.

 

[seattlefox]

I faced a similar choice back in May this year, and I purchased it.

 

[e92er]

5k miles? Wow I did 18k in the first year alone. Mileage restrictions is why I always buy.

 

[ShiftyWolf]

I was at my dealer last week and saw insane leases being offered on the Taycan. I also have always purchased my cars but I think all the EV unknowns and current US sentiment might make a lease the more attractive option today.

 

[unbiased]

Lease, lease, lease...all day every day and twice on sundays...

 

[Jonathan S.]

Lease, lease, lease...all day every day and twice on sundays...

Porsche Financial Services, Inc. thanks you for your continued support.

 

[RPSRPS]

Hello,

I need advice on leasing 2024 Taycan GTS or purchasing 2023 Taycan CPO with brand new. I'm currently own 2022 Taycan base and want to upgrade it to the GTS. I need some advice which is better option. (Depreciation and current deals) I feel like the lease option looks better but still need advice.

Currently, I'm dealing with two dealerships.

Option 1: lease 2024 GTS brand new (Demo)
MSRP: $164K
Discount: $25K
Rebate: $22.5K
Residual: $93,731

Monthly: $1,500 x 39 months (5,000 miles) with 0 down payment.

Option 2: purchase CPO 2023 GTS brand new

MSRP:157K
Discount:47K

Selling price: 110K (30% off)

I never leased before so I prefer to purchase the vehicle but the depreciation of EV is really crazy as we all know. I drive 3,500 miles per year. so If I purchase the car and drive for 3 yrs, it is still around 10,000 miles. In this case, which is better option and reasons?

Thank you.

In retrospect, I would have leased as the resale on my 2022 GTS would prove difficult. In the next few months I intend to Lease a Rivian R1T (lesson learned). DEFINITELY do not go with the CPO! I would take $110,000 for my 2022 GTS with 15,000 miles, never an issue, all recalls performed

Hello,

I need advice on leasing 2024 Taycan GTS or purchasing 2023 Taycan CPO with brand new. I'm currently own 2022 Taycan base and want to upgrade it to the GTS. I need some advice which is better option. (Depreciation and current deals) I feel like the lease option looks better but still need advice.

Currently, I'm dealing with two dealerships.

Option 1: lease 2024 GTS brand new (Demo)
MSRP: $164K
Discount: $25K
Rebate: $22.5K
Residual: $93,731

Monthly: $1,500 x 39 months (5,000 miles) with 0 down payment.

Option 2: purchase CPO 2023 GTS brand new

MSRP:157K
Discount:47K

Selling price: 110K (30% off)

I never leased before so I prefer to purchase the vehicle but the depreciation of EV is really crazy as we all know. I drive 3,500 miles per year. so If I purchase the car and drive for 3 yrs, it is still around 10,000 miles. In this case, which is better option and reasons?

Thank you.

In retropect, I would should have leased my 2022 GTS due to the difficulty in selling at this point in time. I plan on leasing a R1T in the next few months (lesson learned). DEFINITELY do not go with the CPO. I have a loaded 2022 GTS with 15,000 miles, never an issue, all recalls performed, that I would take a $110,000 for as I assume others would to are looking to sell.

 

[Mr.Smith]

1) Lease it
2) Balls in your court. I would shoot for heavier discounts on a non demo GTS. Dealers will do anything to move them. There is a lot of inventory out there and dealers are desperate.
Do you know if the car has been Punched? (How much time on warranty left?)

Lower you the model Variant, the better the residual so GTS is the sweet spot. PFS is also Subventing the MF too

 

[amelen]

You know, even with all the crazy depreciation I think I beat the lease prices. Here's my math if it's helpful: MSRP $168k, I wound up paying $150k I believe (after discount, EV federal credit, etc..). It might have been a little less, but let's say $150k. If I sell it now for $90k (I have offers around there), it would have cost me $60k over 40 months - so $1,500/mo? To lease a Turbo, it was like $2,500+/mo for $0 down. Granted there was also a cost to using the cash vs. having it earn interest, etc.. but still, not bad given the crazy depreciation. I recently put a deposit down on a G580 and similarly, the lease prices at like $3,999/mo didn't make sense to me. Hopefully the depreciation on that isn't as bad as the Taycan lol

 

[parkslopedope]

Hello,

I need advice on leasing 2024 Taycan GTS or purchasing 2023 Taycan CPO with brand new. I'm currently own 2022 Taycan base and want to upgrade it to the GTS. I need some advice which is better option. (Depreciation and current deals) I feel like the lease option looks better but still need advice.

Currently, I'm dealing with two dealerships.

Option 1: lease 2024 GTS brand new (Demo)
MSRP: $164K
Discount: $25K
Rebate: $22.5K
Residual: $93,731

Monthly: $1,500 x 39 months (5,000 miles) with 0 down payment.

Option 2: purchase CPO 2023 GTS brand new

MSRP:157K
Discount:47K

Selling price: 110K (30% off)

I never leased before so I prefer to purchase the vehicle but the depreciation of EV is really crazy as we all know. I drive 3,500 miles per year. so If I purchase the car and drive for 3 yrs, it is still around 10,000 miles. In this case, which is better option and reasons?

Thank you.

I’m not a lease guy, so please forgive my ignorance. Can someone explain the math to me here on the leased option 1.

If his payments (no money down)are $1500 for 39 months that = $58,500 in payments.
If he decides to buy at the end of the lease he can purchase the car for $93,731 (residual) for a combined payment total of $152,231.

If the original MSRP is $164,000 and he received $48k off of that price between discounts and rebate.
Making the out the door price $116,000, unless I misunderstood something in terms of this calculation.

Where did the $32,221 in discount money go? Interest? Depreciation? ($152k in payments minus the original retail price of $116k after reductions)

Was the theoretical discount only used to calculate the monthly payment?

If keeping the car post lease was/is the plan it seems like just buying the car outright would be significantly cheaper, what am I missing?

 

[Jonathan S.]

" unless I misunderstood something in terms of this calculation"

This:

Seriously though, the time value of money can be significant over a three-year period.
Although quantifying it in this context can be difficult, depending upon individual expectations for the opportunity cost of funds tied up in a car vs say, the S&P 500 (or something with more short-term stability).

Otherwise, the belief that leasing an EV is always better than buying (either with cash, or financing, especially after refinancing with a credit union) is pure Man Maths.
Just like in any other context, buying vs renting/leasing is rarely clear-cut over the intermediate term, with shorter terms almost always favoring renting/leasing, and longer terms usually favoring buying.
Also depends on anticipated mileage.

And the EV monkey wrench is how the U.S. Treasury reduces the income tax liability of PFS by $7.5k for every leased Taycan.
So a leasing discount based on that can make the difference for anyone who would otherwise be on the edge.

 

[RGBArgee]

Hello,

I need advice on leasing 2024 Taycan GTS or purchasing 2023 Taycan CPO with brand new. I'm currently own 2022 Taycan base and want to upgrade it to the GTS. I need some advice which is better option. (Depreciation and current deals) I feel like the lease option looks better but still need advice.

Currently, I'm dealing with two dealerships.

Option 1: lease 2024 GTS brand new (Demo)
MSRP: $164K
Discount: $25K
Rebate: $22.5K
Residual: $93,731

Monthly: $1,500 x 39 months (5,000 miles) with 0 down payment.

Option 2: purchase CPO 2023 GTS brand new

MSRP:157K
Discount:47K

Selling price: 110K (30% off)

I never leased before so I prefer to purchase the vehicle but the depreciation of EV is really crazy as we all know. I drive 3,500 miles per year. so If I purchase the car and drive for 3 yrs, it is still around 10,000 miles. In this case, which is better option and reasons?

Thank you.

I wouldn’t pay $1500 a month to travel less than 300 miles!!

 

[SoccerMan94043]

You know, even with all the crazy depreciation I think I beat the lease prices. Here's my math if it's helpful: MSRP $168k, I wound up paying $150k I believe (after discount, EV federal credit, etc..). It might have been a little less, but let's say $150k. If I sell it now for $90k (I have offers around there), it would have cost me $60k over 40 months - so $1,500/mo? To lease a Turbo, it was like $2,500+/mo for $0 down. Granted there was also a cost to using the cash vs. having it earn interest, etc.. but still, not bad given the crazy depreciation. I recently put a deposit down on a G580 and similarly, the lease prices at like $3,999/mo didn't make sense to me. Hopefully the depreciation on that isn't as bad as the Taycan lol

My math is similar. With money factor the way it is (.0044) and dealers refusing to negotiate on that or the base cost (so far), It will cost me about 20K more at the end of the lease vs. buying with cash. And I can drop the expected residual price by 10K to sell more quickly and still be up.

There is a risk that deprecation is much worse than expected and that I won't make as much on the money I leave in the bank as expected. But 20K is a lot of wiggle room to break even. Leases are there for them to make more money on you.

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