Wild guess - Lease on a used Taycan 2020 turbo

[temoor]

I came across a used taycan turbo which is on sale in chicago for $150900. I requested them for lease numbers as the car was porsche certified.
36 months
0 down payment
12000 miles a year

can any one guess how much lease a month they want to charge me ?

 

[whitex]

Nice configuration. Your payment with depend on the interest rate you qualify for and the residual value of a 5 year old Taycan Turbo with 51K miles. Once you get the numbers, post at least the residual value - it would be interesting to know what that is.

 

[temoor]

Nice configuration. Your payment with depend on the interest rate you qualify for and the residual value of a 5 year old Taycan Turbo with 51K miles. Once you get the numbers, post at least the residual value - it would be interesting to know what that is.

I do have the numbers and i really have a good credit.waiting for them to provide me the residual.

 

[Teufel Hund]

I came across a used taycan turbo which is on sale in chicago for $150900. I requested them for lease numbers as the car was porsche certified.
36 months
0 down payment
12000 miles a year

can any one guess how much lease a month they want to charge me ?

I’m going to guess about $2,200 a month give or take a $100. Close?

 

[Mr.Smith]

New Turbo 10k miles a year is 53% RV, MF from PFS 0.0032
The RV was 45% a couple of month ago but Porsche raised it to balance out the horrible rates.

I only lease EVs and I wouldn't lease in this rate environment.

 

[temoor]

I’m going to guess about $2,200 a month give or take a $100. Close?

Not even close by $500

 

[Paint_To_Sample]

Yea more like $3,000 / month

6 year old Taycan residual can’t be more than 40%; which is $72K

If you are buying for $150k, that means you need to pay $80k in depreciation over 3 years, PLUS the interest expense…at what, 7% from Porsche? That’s about $20k over 3 years. So, carry the two…round the one…add taxes…

 

[Redhot2474]

Money factor is horrible right now on leases. My wife just ordered a Land Rover. I asked supervisor what the money factor is currently, he said about 10%. She’s currently in a RR sport sport with a money factor of 3%. We will most likely just buy it as local credit union is about 3.2%. Money factor of 9-11% on a depreciating asset is insane.

 

[temoor]

So they have quoted me $4000 down and $4300 a month on a lease which takes it to $158800 for 3 years . the car itself right now is $150k . I have never ever seek such numbers. I have leased many cars but these numbers make no sense.

 

[Jrkennedy37]

So they have quoted me $4000 down and $4300 a month on a lease which takes it to $158800 for 3 years . the car itself right now is $150k . I have never ever seek such numbers. I have leased many cars but these numbers make no sense.

Bonkers! I saw some crazy lease rates from merc a few years back when trying to get an E Wagon. The money factor worked out to 9%+. 36k mile lease for three years would have cost 90% of vehicle’s purchase price. Made no sense to me and even the sales guy admitted it would be smarter to finance. Walked next door and bought a Panamera Wagon instead with a mid 3% interest rate.

 

[Mr.Smith]

Yea more like $3,000 / month

6 year old Taycan residual can’t be more than 40%; which is $72K

If you are buying for $150k, that means you need to pay $80k in depreciation over 3 years, PLUS the interest expense…at what, 7% from Porsche? That’s about $20k over 3 years. So, carry the two…round the one…add taxes…

Leasing used makes sense if the car is an exotic that doesn't lose much value, like a 911GT3. This way you can sell the car at the end of of the term for close to what was paid for it

 

[Mr.Smith]

So they have quoted me $4000 down and $4300 a month on a lease which takes it to $158800 for 3 years . the car itself right now is $150k . I have never ever seek such numbers. I have leased many cars but these numbers make no sense.

This makes sense. Lease through the OEM new is the only way

 

[whitex]

New Turbo 10k miles a year is 53% RV, MF from PFS 0.0032
The RV was 45% a couple of month ago but Porsche raised it to balance out the horrible rates.

I only lease EVs and I wouldn't lease in this rate environment.

How many year RV's? 2 year, 3 year, 4 year? For a 4 year it would be an excellent RV, at least pre 8% a year inflation. I think I got 54% RV on a 4 year lease once, it was a a brand new, redesigned model of Toyota 4Runner.

7.68% interest rate, ouch (yes I know, the rates are up there right now, still more than I ever recall paying on a car loan or lease).

 

[Mr.Smith]

How many year RV's? 2 year, 3 year, 4 year? For a 4 year it would be an excellent RV, at least pre 8% a year inflation. I think I got 54% RV on a 4 year lease once, it was a a brand new, redesigned model of Toyota 4Runner.

7.68% interest rate, ouch (yes I know, the rates are up there right now, still more than I ever recall paying on a car loan or lease).

I quoted a 3 year
4 years is atrocious. 41% RV, .0034 MF

My RS E-Tron GT, 36months, 12k a years was 62% RV .00402 MF

 

[whitex]

I quoted a 3 year
4 years is atrocious. 41% RV, .0034 MF

My RS E-Tron GT, 36months, 12k a years was 62% RV .00402 MF

RV's are always higher for a brand new model. I also suspect high inflation will push all residuals up a bit, as will losing EV subsidies. 62% at 3 years @12Kmiles a year is amazing, but possible with a brand new model and possibly some manufacturer subsidy.

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