Does 52% residual sound about right?

[agurkas]

Trying to decide, given the end goal is to keep the car anyway, if I take the lease and $7500 rebate but pay the effective APR that is ~2% higher on the depreciation and then buy at residual or skip the lease, possibly be in the 6s or 7s APR and just finance.
There is also a gamble if the CT4S will be worth more or less than residual in 39 months. If the residual is lower, I could (if I wanted) to offload that at a profit. But I also get to get out if values tank bellow 52% from MSRP
Thoughts?

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[W1NGE]

Trying to decide, given the end goal is to keep the car anyway, if I take the lease and $7500 rebate but pay the effective APR that is ~2% higher on the depreciation and then buy at residual or skip the lease, possibly be in the 6s or 7s APR and just finance.
There is also a gamble if the CT4S will be worth more or less than residual in 39 months. If the residual is lower, I could (if I wanted) to offload that at a profit. But I also get to get out if values tank bellow 52% from MSRP
Thoughts?

Taycans are already struggling 2 years in to keep 60% of original value.

 

[arijaycomet]

Wagons seem to be holding slightly better value than sedans but also are too new still as they didn't come out until '21 a year after the sedan did in the states anyhow. Used car prices are falling as more discounts crop up, but ~50% residual on a 3-year lease is very much the norm. If the cost at end of lease makes sense to you, it is a security blanket option. But if you truly expect to keep the car 5+ years then figure out the lowest net cost and go that route. My two cents...

 

[Crazymind]

At Year 4 dealers will pay you to keep the car free of charge.

 

[lwc1001]

i leased my ct4 for 90 days then purchased, saved about $2500 overall, almost 70% of my monthly payment went to interest. Barely made a dent to the price. The $7500 basically paid a part of my tax and dmv fees.

 

[FlyingPoint]

My '21 Taycan, fairly optioned with a $7500 federal credit and no sales tax will be the most expensive car I have ever had the privilege of driving. It will not be worth the 50% residual when the lease is up in 8 months. I don't think all the previous (2) 991 911's and GT3 have equaled the depreciation that this vehicle has experienced combined. No further comment, other than the Taycan and its inferior infrastructure, is just not worth the total cost.

 

[whitex]

My '21 Taycan, fairly optioned with a $7500 federal credit and no sales tax will be the most expensive car I have ever had the privilege of driving. It will not be worth the 50% residual when the lease is up in 8 months. I don't think all the previous (2) 991 911's and GT3 have equaled the depreciation that this vehicle has experienced combined. No further comment, other than the Taycan and its inferior infrastructure, is just not worth the total cost.

52% residual after 39 months is not bad for an expensive sedan, outside of COVID pandemic shortages. I remember leasing a Toyota 4Runner, 4 year residual was 52%. I find it very interesting how people's expectations completely recalibrated over COVID. Here are some other cars for reference:

 

[Caraholic]

Based off how the market is now it will be worth less then that at lease end. However being in a lease does protect you from that. You know how much money you are loosing upfront, no surprises. Just remember we have the refresh coming up soon which will not help values.

 

[agurkas]

My '21 Taycan, fairly optioned with a $7500 federal credit and no sales tax will be the most expensive car I have ever had the privilege of driving. It will not be worth the 50% residual when the lease is up in 8 months. I don't think all the previous (2) 991 911's and GT3 have equaled the depreciation that this vehicle has experienced combined. No further comment.

I noticed sedans took a heck of a hit. In my search, I could have had a pick of anything I liked. The $1K per month lease offer is not helping values. With CT (especially with options I wanted) nationwide I had max 2-3 CTs to consider and by the time I would get to one, it would be sold. We are going for a new one we located locally. I think I am going to hedge with a lease. Make Porsche take the bet on depreciation. I can decide in 39 months if the market is telling me to buy it or turn it in.

 

[FlyingPoint]

I had no illusion that my car would not lose 50% over the life of its 39 month lease. This is not my first rodeo. What surprises me is that it will undoubtedly be worth less than the lease residual.

 

[agurkas]

I had no illusion that my car would not lose 50% over the life of its 39 month lease. This is not my first rodeo. What surprises me is that it will undoubtedly be worth less than the lease residual.

Which then should make you happy that now it is Porsche problem

I used to lease cars for one of my companies in the early days. Even with Toyotas (used to lease Avalons for partners and Camrys for mid-levels as part of compensation) in the early 2000s it was also all over the place. Avalons were worth buying one year at the end of the lease; the other years, they became Toyota's problem.

I did not plan to keep XC90 beyond 4 years... but it has been such a fine vehicle that I don't care about values, because I am keeping it. We shall see with Taycan CT. We are giving away our X3 to my mother-in-law... because that is the only way to make her get out of damn Fords (cheap ones too). We did not make it a choise. I told her I am doing the maintenance etc. so all she does is drive. So now I am going to be happy that when she drives my kids, they are in a car that has more than two airbags...

 

[amelen]

I'm at 55% value at 2.5 years for what it's worth. I believe leasing numbers were showing higher expected values (I didn't wind up leasing).

 

[whitex]

I had no illusion that my car would not lose 50% over the life of its 39 month lease. This is not my first rodeo. What surprises me is that it will undoubtedly be worth less than the lease residual.

Somehow I am not seeing $40K or under Taycans around today? IIRC 2020 RWD started under $80K after $7,500 rebate. Base models must be depreciating less. Cheapest I found via a quick google search was $58K for a 2020 RWD with 40K miles on it.

 

[agurkas]

Somehow I am not seeing $40K or under Taycans around today? IIRC 2020 RWD started under $80K after $7,500 rebate. Base models must be depreciating less. Cheapest I found via a quick google search was $58K for a 2020 RWD with 40K miles on it.

In my national search, I did not see any Taycans (regardless of year) CPOed for under like 70k... Not that I was looking for sedans. I did see some CT Turbos and Turbo S with massive drops. Mostly on the coasts (like CA and NY dealers). But also, color combinations were definitely, at least in my household of all women and just me, not compatible Black with a carmine red interior (which I like)... you should have seen the looks I got from my girls. "Ya dad, no"... And I am saying that as I plan at some point to wrap the car in my wife's favorite purple.
TL;DR - I saw Turbos and Turbo S with non-mainstream color combos with most considerable price drops.

 

[MHC]

The thing that no one has mentioned is the inflexibility of a lease . Typically if you decide to dispose of the car prior to lease end you will take a big hit because you typically pay all the interest on the lease. Not sure about Porsche specific lease.

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