Guys, my head is spinning - I don’t know a money factor from a mother f*+<++, but this is where I’m at:
1 year (12 month); 15k miles/year
Sale price $85000
DAS $4000
Monthly: $860 (includes tax)
DAS breakdown:
Capitalized cost reduction: $2400
First month: $860
Title: $200
Register: $300
Other tax: $180
Lease fee: $60
Residual value: $82,600
Is this good in Florida? I know there are better deals elsewhere (like Colorado), but in Florida they’d rather hold or auction than deal.
What year are we looking at?
I thought it wasn’t terrible until I realized it’s a 12 month lease and they want a $2400 downpayment. So your payment is really $1060/month for a year, plus $500 in fees up front ($1400 less the first month’s payment). The fees are normal but to only get the car for a year…
So nearly $1200/month to borrow a USED Taycan for a year. That’s a pass IMO.
I do feel like I’ve seen much cheaper ones for new ones, due to EV incentives/rebates from Porsche and whatnot. Could be wrong. But at that price point, I’d explore leasing a new one for 24-36 months.
And never put down money on a lease (this is what “cap cost reduction” means). OK to pay fees, you have to, but don’t put extra cash into the deal. You’ll lose that money forever if you total the car on the way home.
RE: money factor, you do need to ask what it is. You do need to ask if it’s marked up against buy rate. And then use the LH calculator to model the deal. In this case, not worth going through all that… but just in general.
TYSM @calbearsjase, but that’s sad news: I’ve been looking for Taycans for about 8 months now and had a lot of disappointments. At first I was focused on buying (it’s easier to understand), but Taycans depreciate so hard that keeping one for the 2-3 years it still has warranty is still a huge financial risk.
Then I chased after a bunch of leases, but the deals are ONLY for 12-month/15K leases (I’d want 2yr, and hoped to extend). I found a 2021 Turbo (current value $85K) for $3200+1100/month, but it turned out the dealer made a mistake in points, and it was really $1600/month. Next was another Turbo (worth $80K) for 1600+1600/mo, or 3500+1330/mo (again 12mo/15Kmi) - still too much.
So when I found this 4S ($85 value like the Turbos, $860/mo), it was the first time I’d found something worth over $80K, with a monthly payment under $1000. I have the paperwork but haven’t signed.
You mention leasing a new one for 24-36months: I would love to do that! But every dealer website has a ‘specials’ tab, and last month the special was a 39-month lease at $899/mo, but a $10,000 DAS!!! Also that was based on a sticker of $105K - good luck finding one of those, since most cars on the lot are $150, which means the lease would be $$$.
I agree with ‘never put money down on a lease’, so this $10K down deal seemed terrible - so where’s a deal on a 2024? Even a ‘new’ 2023 near me is priced the same as a brand new (much improved) 2025, and the numbers they gave me were something like $3000+$1600, which is just insane to me. I’d much rather pay $3k+$860 for an $85K loaded car than $3K+1600+ for a 2024 base model with zero options (which it would have to be to be $105K).
I’m in the same boat here. Looking for lease deals on loaded Taycan 4S and above trims but the numbers just aren’t working right now. I’ve looked at untitled MY 2023s & 2024s, 1 year/15k miles and 39month/10k miles. No luck
Ok - good to know it’s not just me. There’s deals in some places (Colorado), but at least here in FL where I’m confining my search, it seems pretty unrealistic to want a $10K down payment on an outdated 2024 and call it a ‘special’.
I’d ask you what YOU think of my $4k+$860 deal, but it sounds like our searches are different (you’re focused on 23-24, and I’m more focused on 2021-22).
FYI when you see advertised specials and $10k DAS - they aren’t forcing you to put down cap cost reduction. They’re just modeling the numbers that way. Unless you don’t qualify on credit, they generally can’t force you to put ANYTHING down - other than fees - and even then, technically you could roll them into a lease (though I think rolling fees in your payment is unwise).
Anyway, lowering cap cost reduction amount just raises the payment. You can model it any which way you want using the LH calc if you know the MF, RV, sales price after discounts, incentives, etc.
So $10k DAS isn’t written in stone, but your payment will be higher than advertised.
I assume the good deals I’ve seen on leasing taycans is the base model, not the 4s/turbo trims.
That’s a good explanation - never occurred to me the $10k down could be “squishy” but you’re also correct that making that number → 0 would crank the monthly up a lot, AND buying a car worth more than the $105k the deal was based on… it would be huge numbers. I’d be surprised if it was much less than a new 2025.