How would one go about leasing a car from the manufacturer?

Question

How could I lease a car, Porsche 911 Carrera S, from Porsche over a period of around 2 - 3 years, what is it called in the trade? what costs are incurred? and if known how much would it be for 2 years. Thanks for your help

you can lease the because a prestige rental car company leases Porsches from Porsche over that length of time

Answer 1

Just go to a Porsche dealer and they will give you the details. With a lot of higher priced cars, people will lease instead of buying. Good luck

Answer 2

You can not lease a car directly from the manufacturer.
Dealers have a very good deal with most car manufacturers enforced by state and federal laws that prohibit a direct lease. In fact even large corporations like Enterprise and Hertz have to go through a dealer in buying fleets, albeit these "fleet" dealers are not nearly as much a ripoff as your local carmax.

Leasing an expensive MSRP car like a 911 through a dealer is very possible. The higher the MSRP the more lucrative it is for a dealer to lease a car. Terms range from 12 months to 5 years and are generally corespondant to two things, MSRP and calculated depreciation.

Lets say your 911 with options costs $100k new. You take a 2 year lease. Since porches are considered high value retention vehicles suppose it retains 70% of its value after 2 years. That means a difference of 30k. Take that cost of depreciation and multiply it by 1.3 (this is a common value used by BMW for a non-promotional lease, might be a little higher or lower for porsche/others) so thats about 40k. Take 40k and subtract a down-payment. Suppose you give them a trade-in worth 5k and pay 5k down. That leaves 30k. Divide 30k by the number of payments you plan to make. 2 years means 24 payments. 30/24 = $1250 per month. Additionally, you must include vehicle finance charges, applicable taxes and import costs. The finance charge is a one time fee related to the bank you borrow from (most likely a Porsche owned subsidiary) They usually run $500. Taxes are calculated on depreciation only so thats 30k*(state sales tax) if the value of the deprciacion is over 36k, you must pay a luxury tax which actually varries state to state but is in the relm of another 10%. Finally, the import cost is what porsche pays to have the car be allowed through US customs. For high priced vehicles this can be as much as 5% of the total cost ie 5K for a 100k car.

So you will pay 1250 per month and give about 20k down. At the end of the lease your car will be worth 70k, this is known as the buyout value. You can purchase the car at the end of the lease for this money.

Consider this in comparison to buying a 100k car you will have actually spent 120k+ tax on the remaining 70k your car is worth.

Answer 3

I don't really think you could get leasing from Porsche. It could be possible for second-hand. For Porsche you must pay full.