I was on the hunt for a 2023 Taycan and newer. I shopped around and scored a 2023 RWD loaner with 5,700 miles. The deal took some time to complete due to the cap cost coming in too close to what PFS allows, but the dealer found a way to make it work. Ultimately, I decided on a 12-month lease with 12k miles. Plan to extend another six months. I put $2500 down, and the monthly payment would’ve been $455. However, due to the PFS hangup, they had to increase cap numbers, and monthly payments increased to $617 a month for the deal to work. To rectify this, the dealership is cutting a check of $2000 towards the monthly cost to reduce the effective price to $451. I’ve been a long-time Porsche owner, but this will be my first introduction to the EV space. The car gets picked up tomorrow, and delivery is expected sometime next week. Pictures will posted as soon as the car is delivered.
Update! The car was delivered successfully today!
The check is in the mail along with other documents, so I was’nt able to post that.
The 15k miles came out to $667/month, an extra $216/month compared to just paying the overage .30/mile. That’s an extra $900 vs. an extra $2592 over the 12-month lease.
Congrats on the deal, but it won’t fund, there is no such thing as a 12 month lease with 12k miles per year, or maybe it will fund and you’ll just actually have 15k per year.
Also, general reminder to the community, that residual in the calc is not the same residual that you could use for any 2023 Taycan. It will be different for every car.
I don’t think it will fund since the residual on the contract isn’t a real number. @Nixon2124 PFS only allows 12mo/15k. You have to go to at least 24 months to have a 12k/yr lease.
PFS went back and forth with us until we got the deal approved and everything signed off on. It went to detailing yesterday and scheduled for delivery next week. I’ll be sure to post pictures once I have it in hand.
For those saying the deal wont fund. PFS pushed back because the Adj cap cost was lower than the residual value initially. The dealer had to increase the gross cap cost to make the numbers work with pfs, which is why the Adj cap cost is a dollar higher than the residual value. They cut me a check for 2k to offeset it and get me back downt to a monthly payment of $451.
I still got the 7,500 in rebates due to it being a CPO loaner.
And yes they let me do a 12 month, 12k mile lease instead of 15k. I also thought PFS didnt allow anything less than 15k on a one year but the dealer said that wasnt always the case.
Lastly, I waited until all papers were signed by both parties and delivery got scheduled. Highly doubt they come back when car is in hand and try and change the price on me.
The cap cost thing I understand, that’s just the basics of lease math, you can’t have negative deprecation, although I’m not sure why you didn’t just roll everything in besides 1st month and just take the higher payment as that would have funded, but doesn’t matter in the end.
It’s this part that is hard to believe, because as @wam22, who is a Porsche dealer who has done these deals also knows, that would mean that you got some kind of one-off personal exception, because not only is there no RV for 12 month leases below 15k, it explicitly states in their programs that mileage adjustment do not start until 24 months.
And look, I’m happy for you, it’s an awesome deal, but as someone who has done 25+ of these, I find it hard to believe that you got some kind of personal special one-off lease from PFS.
Listen, I get it. This is my third deal with Porsche, and I’ve personally worked on all my deals and have always gotten solid numbers back. My 2021 Cayenne S is a CPO, and I pay 937 a month. I could’ve paid around 680/ month if I went with a 12-month instead of an 18-month contract. I also thought that deal was too good to be true.
I was hesitant to post this because, yes, I knew most of the feedback would be yes, there’s no way this is a real deal. It took 5 days of back and forth until PFS gave the greenlight and dealer scheduled delivery. Maybe it is a one off and if that’s the case I’m happy about it.
If you got a one year, 12k mile lease, it absolutely is a one off, not only is there no posted residual adjustment for this term, it literally says that mileage adjustments are “only available for 24-60 month terms”.
This would suggest a captive lender, for some reason, went outside of their program guidelines and gave you a special one-off lease program just for your car.
So yes, I am pointing it out because I think that people should be aware of that before they go out and start hitting Porsche dealers inboxes insisting it’s possible.
Yes, it’s worth noting. Most dealers who contacted me to follow up on other numbers said it was too good to be true, so I don’t want anyone thinking this deal is easy to replicate. But there is another lease hacker in this forum who worked a deal similar to this one. The only difference is that his was 15k miles.
If the deal does not fund, that will absolutely be the case.
If you have not confirmed with PFS directly, whether it be via email, phone or online account, then I wouldn’t hold my breath. Dealers love to talk out of their asses based off of hopes & prayers.
Good job, OP! Hope it all works out for you.
Does it come with 20s", bc I got some OE summer tires I’m selling for cheap! You’ll need them with 5700 already on the clock and the way these things eat tires
