I’ve never lease before. Trying to understand more about leasing while a dealer offered below terms, what do you think? Should I just buy it. What would consider a good lease deal to negotiate for? I usually keep a car for more than 5 years.
Dealer did not disclose money factor but I think it is high.
Thanks much.
It’s a $65k Macan, for the 42 month option you would pay Porsche Financial a little over $46k in lease payments and cash down to drive it for 3.5 years, then you would still owe $41k at the end of the lease if you want to buy it.
Or you could just finance it, at 3% for 60 months your payment is going to be within ~$100 of the lease, and after the same 3.5 years your balance on the loan will be around $20k.