GT350R

Is anyone thinking of leasing the GT3? I just got a quote and either Porsche's money factor is horrible and/or the dealer is marking up the MF big time...0.0032 which equals a 7.68% interest rate on a 3 year lease with a 58% residual. Not a good lease.

redmonkey928

I think somewhere on the older GT3 threads there were reports of the same, the cars dont lease out well but most are buying or using third-party options outside of PFS.

GT350R

I was planning on using Amazonleasing but the dealership won't take that for financing....probably because they're making more money leasing through Porsche.

ipse dixit

While Porsche lease rates are generally a bad deal (unless you have some major tax write-off in your backpocket), the lease rates for GT cars are the equivalent of a a Porsche dealer giving you an enema with the wrong side of a plunger.

That said, instead of leasing, why not just finance it? At the end of 3 years, given the depreciation of GT cars (or lack thereof), you'd probably still come out ahead, esp. nowadays with the low interest rate environment, even with auto loans.

dieselino

😂😂😂

GT350R

True true, the only real benefit to leasing versus purchasing is if you move on from the car in under 12 months to save California State taxes

Jimmy-D

Agree with above

konaforever

GT3 leases are the opposite of subsidized by Porsche.

gt3dude

Why on earth would you lease a gt3? You’re probably looking at $3,500+ payment.

TET GT3

Yeah, it's a crazy concept. Might be the first time the OP is looking into this and getting quite the surprise.

These are not cars a smart person would lease.

NYCGT3

Maybe some people can run a lease payment through a business……

Chris C.

Always been this way in my 25 years of P-car purchases. Porsche leasing is simply unattractive. If you don't pay cash, run the numbers - with cheap financing these days (BofA at 2.2% currently) you can own the car in 5 years (or sell whenever) for the same as leasing for 3 with fewer issues if you decide to sell while in the note. YMMV, business write-offs are different, and other caveats apply.

Yes you pay full sales tax, but it is reality - dealing with this on the wife's 22 Cayenne EH. And then you get into issues with MRM - maximum residualized amounts, which kill you on leasing...

TET GT3

For "normal" cars maybe, but hard to make a case for a GT3 for most legit businesses.

Rob996

Leasing these cars makes no sense, especially with low interest rates and high resale values.

GT350R

Like I said, the only reason to lease a GT3 is if you live in a high tax state like California and you don't plan on keeping the car for a long period of time. If you purchase a $200,000 car, you owe the state of CA $17K (est.) in taxes on day 1. If you lease the car and end up selling the car in 6 months, you only pay taxes on your d/p and monthly payment so arguably you save a good portion of the $17K in state taxes that you would have paid. You can get out of a lease at any time, it's just like a loan payoff. BUT when Porsche charges you a 7.8% interest rate, it doesn't make sense. But for my 2021 M5 with a 1.9% interest rate on the lease, it makes all the sense in the world. I've leased over 15 cars and have never kept one for the term, just a great way to not pay taxes when you rotate out of cars.