Deal Check on 2025 Porsche Taycan 4S in MD

Trying to determine if this is a good deal on a fairly loaded Porsche Taycan 4. The MF seems high to me. Here is what they sent:

Pricing Breakdown
MSRP: $164,995
Discount: -$11,550
Sonic Price: $153,445 (7% Off)
**Rebate: -$7,500 (Federal Rebate) **
Final Price: $145,945
MF .004 [NOTE: I believe this is higher than .0035 market?]
RV: 56%
7.5k Lease at 36 months $2,869/ at 36 months $2,738

MD Title, taxes and fees included in payment provided.
First payment due at signing

Zip is 20817. Thanks!

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The money factor certainly is marked up a bit.

I have a MD based dealer that I can do a much better deal from, on a new 2025, if you’re somewhat flexible on specs.

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Just use a broker bro. Not worth trying to negotiate your own porsche deal. You can prob be under $1000 if you do a cpo/loaner…with minimal down. IAC who posted above is a great resource to use and his fee will save you time money and headaches. I always try to negotiate my own deals but Porsche just isn’t worth it the way they price out leases is very convoluted.

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I have there at 10% off - I’ll smoke this deal

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2023 CPO 4S Taycans start at $84k so that’s like $90k OTD.

You can trade it in in 3 years for ~45

So that net cost is less than half the $103k cost of your lease.

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When you account for the $20-25k finance/opportunity cost on that after 3 years, CPO leases make way more sense

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You’re guaranteed to pay the money back (without wrecking your credit) so the only apples:apples comparison is a guaranteed return.

Where are you making 20-25k guaranteed post tax on 90k in 3 years?

The guy who posted a CPO lease yesterday, the total cost was $66k for a car selling for 99. Doesn’t make sense to me.

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Wow! Approximately 10% interest rate on $150K and almost $9K in MD taxes. Obviously money is not an issue, so I assume you have a tax write-off. Use a broker as recommended if you really want to save a few dollars and many headaches.

Maybe you can register it in Montana!

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Thanks to everyone for the thoughts. Indeed leasing in MD is painful as tax is due on the full MSRP (and fees are also taxed).

Does anyone have any thoughts about the Porsche protection plans generally? Not all of them make sense with a lease, I assume, but I am guessing the Tire & Wheel could be valuable? If so, can the cost of those protection programs also be negotiated? $3,200 seems steep, although I don’t have sense of what wheel damage could cost. (We have a ton of construction in the area - I blew out both left tires last year hitting a rough pothole.)

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Another reason to buy cpo. You could get a 23 or 24 turbo and likely still come out ahead. Either way there are better options for that type of payment. A 25 S etron gt will be compatible to this and a lot cheaper if you’re set on leasing.

If you takeover someone elses lease in MD - are you still taxed and if so - how?

Md paid taxes upfront and depending on your state you will have tax added to that as well. No bueno

You are taxed on full value of the vehicle at registration in Maryland. MVA will look up the book value and change 6% tax.

You’re really going to pay 100k to drive a Taycan for 3 years ? It’s impressive to me I have to write this

Yes ofc they’re negotiable. Or you can drive to Costco on day one and get four brand new tires with road hazard warranty, and save the OEMs for lease return. Wheel damage is way rarer than tire damage.

But odd thing to focus on when the deal is so poor.

You are charged sales tax on the selling price, no? Not the same as value. And it’s the dealer who collects the tax.

Not necessarily. In a lease transfer, there might not be a dealer involved. The new lessee would have to get the vehicle inspected and may handle the tag and title work themselves. A dealer handles this most of the time, but charges a fee for the service. It is cheaper to do it yourself, but most dealer won’t let a buyer do that unless they are out of state.

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OP did not ask about transfer, but about leasing a new car. But I see you replied to someone else.