I have had several offers from Porsche dealers on the Macan and they all work now with US Bank. Considering the fact that Porsche Financial has the worst lease deals in the industry, US Bank seem to offer much better deals. The best deal I got is for a 2019 Macan with MRSRP 52500, 10k miles, 42 month. 5k out of pocket and 449 plus tax. Any thoughts on this deal? I don’t have the further details (MF/res.)Also sharing any experience with US Bank and Porsche leases would be highly appreciated.
Tesla leases are arguably equal or worse.
Effective $560ish isn’t crazy for a Porsche at that MSRP
[Resists urge to mention Q5 is arguably better vehicle at lower cost blah blah blah]
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As others have said, for a Porsche that is not bad. The caveat of “for a Porsche” needs to be considered.
As far as US Bank goes, any anecdotal evidence I have on them from others is that one should avoid leases through them if possible.
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I got a 64K MSRP Macan 2019 for 728 total with tax for 36 month and 15K with US Bank and 3 total Due. hope that helps.
I worked for Porsche for a long time but haven’t since the beginning of the year so I don’t have access to the exact residuals and money factors to assess exactly what would be better in your case.
In general though, if the lease factors are fairly close, you should definitely go with PFS for several reasons.
First, PFS has very generous pull ahead programs where they will waive anywhere from 3-12 months of payments if you get back into a PFS lease.
The specific models that are included fluctuates but I don’t think anybody in the industry has a better pull ahead.
Second, the dealer would rather put you in a PFS product so they might be more willing to deal.
All else being equal, the dealer prefers the potential shortened lease cycle (due to PFS pull ahead programs), the more favorable buying situation from PFS when your car comes back from lease, and dealers also get incentives from Porsche when a certain percentage of deals are done through our captive lender.
Third, the ability to extend your lease depending on what’s happening on your next car (if you’ve special ordered something for example).
Fourth, I’ve been able to advocate for clients and have some lease end issues overlooked since they were getting back into a PFS lease.
This is the weakest reason though since this really depends on what connections your salesperson has and this was getting much harder to do by the time I left.
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Great points @CardShark!! This all make absolutely sense although the main issue is at the first place, namely the horrible MF and RV of PFS. All the advantages you mentioned sound really great but they seem to come at a very high cost. PFS has the reputation to be the most expensive among all the other banks. It kind of make sense: Porsche is targeting a specif group of clientele who is rich and is willing to pay for their services and all the advantages you talked about. They also want to keep their brand exclusive and don’t want to sell their car to the average person. This altogether makes PFS extremely pricey. When I compare the total ownership cost over the lease period between US bank and PFS, PFS is in average 30-40% more expensive, which is a lot!! All the points you have mentioned are for me not as important as your fourth one. This seem to be the biggest issue with US Bank (from all what I have read here in forum). They seem to charge you for the smallest wear and tear sign and this seem to be the way they are making up for their cheaper lease rate.
Anyway, your insights were very interesting, thanks for that!
You’re right, they have no desire to sell everyone a car.
Their goal is to slowly increase the number of cars they sell in the U.S. year over year to keep up with their exclusive demographic.
When I sold Porsches, we had a MBZ, BMW, and Audi store next door so we would get a lot of people walking across to compare the “equivalent” Porsche.
Although many suspected it, a lot of people were surprised how much more the Porsche was to lease.
I had this article printed out that showed the household incomes of buyers of the various brands sold in the U.S.
I can’t remember the exact numbers but it was something like $250K for the MBZ/BMW and around $350K for Audi, while the average Porsche household made $650K+ so it wasn’t close.
While the MBZ and BMW buyer is by no means broke, the Porsche buyer is typically in another class.
Porsche has no problem selling their cars, they are the most profitable car company in the world.
That is crazy! You must be in California. Here in MD, many Audi, BMW buyers are in 40k-200k income range (so are BMW, Lexus, and other brands). When I was at Volvo, most incomes I saw were in the 60-150k range. I had seen incomes as low as 26k-35k a year also, yet Volvo was able to get them approved also 
yeah but here’s the thing, when comparing vehicles in the same class in Porsche, porsche always loses the $/hp ratio.I guess they have a a captive market that doesnt give a f***. I think Porsche is just more expensive msrp wise which consequently causes their monthlys to increase, that and their residuals aren’t inflated at all.
Imo porsche cars look very bland, a corvette looks way more aggressive than most 911’s (besides gt3 rs) and it’s really hard to tell the different between trims in the models for porsche. Just my 2 cents. The 918 is an all time great though.