Generally the way I view it is this. Do you want to have a car for 3 years and not know how much it will be worth at the end? Or would you like to be given a value you could sell it for in 3 years (turn in) and if it’s worth less, you win, if it’s worth more, you can buy it and sell it. Also I’d be paying ~4k in tax instead of ~8k. Also I’d have 15k less tied up in it from the start (assuming 20k down on a loan). So if the numbers are close, why not lease? Am I missing something here? I’m not an expert on this but it seems like a lot of pros for leasing.
I agree with your logic if the numbers are close but they are far from it. Run the numbers on both scenarios and even assume a horrible residual. No way it’s close
I agree. I’m having them get numbers for 7500 miles to see if that’s close. 15k per year was probably wayy more than I’ll use.
No reason to assume $20k down on a loan, just run both scenarios at $5k DAS to keep it apples to apples.
And while your taxes may be $4k higher on a loan you’re also removing the $1k acquisition fee so the difference is really closer to $3k.
As everyone is alluding to it makes no sense to lease this with terms as bad as they are. A simple 60 month finance with $5k DAS will be roughly a similar payment and after 39 months you will be WAY ahead of where you would’ve been with the lease.
Why don’t you do some research on MF/RV by term and run your own numbers in the LH calc so you know what they should be?
That’s what I want to do, but I couldn’t find the RV for 7500 miles. I paid to be a supporting member and get access to it, but they didn’t have it listed.
#fixed 1010
5k down on a 60 month loan is ~1,800 a month. Their current APR is 6.99 for tier 1. I can find 5.99 at a credit union, but the numbers are still ugly.
I did just browse the BMW deals and realize you can get almost 2 X5’s for the same price. ![]()
First, consider 66 or 72 months if you want a lower payment. The rate is usually the same and you can pay it off early.
Unless there is a business write-off for leasing, just finance it. The RV is great (+4% for 7500 miles, there is also a 5k and 2.5k option as well), but the money factor kills it.
Take a look at the below thread and try to find something in the 5% range.
If you finance $89k @ 5%/60mo your payment is $1680 so roughly $200 more than the lease first mentioned above above. But after 39 months your loan payoff is roughly $34k compared to a $54k RV on the lease.
Even factoring in the additional $8k in monthly payments made you’re still $12k ahead going with a loan vs. lease.
Ahh, got it. So the MF kills it. Thanks…
Google is your friend…you can find MF/RV info here or ask for it:
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Save yourself the money and go negotiate the Macan Listing in the Private Transfers forum.
Neither of the Macans in that sub-forum are the exact model or spec the OP wants…
I guess I’m quite confused as to how this is even a discussion when there is a supposed GT3 and Turbo S on order. Macan S is a fairly small fish in a large pond. ![]()
That adds a lot to this thread, thanks. The difference between lease and finance here came out to be about 20k as @j_e_f_f pointed out. I think that was worth spending 10 minutes on this discussion. I make less than 120k an hour which is what I saved by spending some time discussing this.
No one really knows what the market will be for this car after 39 months and there are too many variables along the way (e.g. collision, vandalism, et al.) that will negatively affect its value. If I had to take a wild guess and given that this is an elaborate S build which exceeds the manufacturer’s MRM and is way too close in dollars to a strippy GTS, it is likely that this car will have a conservative resale value in the mid to high 40s after 39 months depending on condition and mileage. Additionally, if the Macan market continues its current trajectory we will see consistently good discounts in the 6 - 9 percentiles that will certainly taint this full pop spec. If the OP is lucky, and the car makes it through the 39 month term unscathed and in good condition, I estimate that he MAY be able unload it for 3 -7k above a loan payoff. However, if the car falls prey to any perils during the 39 month term OP simply hands over the keys, and saved money along with the heartache of selling to another.
This thread is missing pictures of your GT3.
I think that you’ll certainly come out ahead by financing this vs leasing.