Seems like most of the lease offers for Porsche here have a DAS of $5K or so and not including tax. So besides broker fee and the first month payment what else would be added for about $3000?
Cap cost reduction. Broker fee isn’t part of the due at signing amount.
If you want to do less due at signing, you can.
Beyond the first payment, there are transactional costs, like acquisition fees, upfront taxes, first year registration (where applicable), title fees, doc fees, etc., and you can blow through most or all of $5k pretty fast on these things.
If you mean on rebates, then it only applies to Taycans.
Isn’t it only $85 in CA? Matt is right about CCR.
There’s a hidden (dupe question) thread where OP was asking the same question and tagged NJ.
Across multiple states, models, tax and registration schemes, new vs. CPO, etc. a response that addressed every scenario specifically would have required a Visio diagram.
My mistake, first time posting on Marketplace.
No problem at all.
People who live outside of CA probably also have the same question, which is also why I chose to address it the way I did.
I’m also not saying that nothing ever goes to CCR, btw. Depends how much of what I enumerated is covered by the $5k.
But CCR is generally taxed, so that’s upfront taxes.
So here we are running in the if/then/else circle I was trying to avoid with a more general, digestible response…
So for an advertised monthly of let’s say $699 for 12 month lease not including tax, over the year the actual monthly would be $699 x 11=$7689 x 1.07(Fl tax)+$5000 DAS = $13227/12 = $1102. Would that be about correct?
Assuming the first month is collected upfront, that’s the formula.
Glad you asked this btw.
I’ve been watching the CA offers more closely as my current lease approaches maturity, and until now my brain has been using DAS + 12 payments and tax as total cost on these.
I have another question about this. Are Porsche just really bad to lease longer than 12 months? Why is every Porsche lease stated for 12 months? Who wants to put 5k DAS down every 12 months? I was eyeing the new Macan EV, but if 24/36 month deals are not good I will pass and just get something else.
I believe on the CPOs, 12/15k is the only option.
When new ones are advertised that way, it’s generally because the longer terms have significantly less appealing terms.
But you don’t have to pay $5k upfront, just structure the lease differently.
I prefer paying $5k upfront on a credit card for the rewards, vs. rolling it in and paying finance charges on it.
Ya I always thinks it’s funny when these 1 yr Porsche deals have like 5k down and 1-2k broker fees. Just abysmal value
Question here - is this missing tax on CCR and tax on rebates (in states where that applies)? A 7500 rebate and potentially a couple k in CCR makes that a decent additional tax potentially. Not sure how brokers typically structure advertisements like these.
What do you mean? My favorite Porsche salesman has a 167k DAS 911 GT3RS!
Honestly, I started doing larger DAS amounts because the chances they get approved by PFS is much higher. When I was running it at a higher payment but just first payment due, there was a lot of declines.
I didn’t know you sold Porsches to the people like the Saudi Prince…
And here I thought we had a special relationship…
It would depend on what the rest of the deal looks like.
We put ~35% down when we bought our house, and the RE agents walked away with 5% of the selling price.
Did we pay too much for the house?
Are you gonna only own the house for 12 months?
You’re telling me that not all of your clients have private jets like we have on here
huh. lol
Our plan was 3 years, which also says nothing about whether we got a good deal on the house.