Porsche Lease vs. Buy Comparison in Los Angeles, CA
Are you set on the responsive acceleration and impeccable German craftsmanship of a Porsche, but still find yourself wondering whether leasing or buying is a better option for you? Read on to learn more about these two auto financing options, then visit our Porsche finance center to get started on crafting the perfect payment plan for your lifestyle.
When to Lease a Porsche
Through the Porsche Preferred Lease program at our Porsche dealership in Los Angeles, drivers can enjoy flexible, attractive terms on new or pre-owned models newer than five years old. Leasing a Porsche luxury vehicle often allows for lower monthly payments than financing, since you are only paying for the use of the Porsche during the lease, not the entire cost. Leasing a Porsche model is an excellent option for drivers who will drive under 20,000 miles per year, and selecting a plan with lower mileage will often reduce your monthly payment.
Who Owns It
At the end of your lease term, typically 36 months, you either return the Porsche to the dealership or opt to buy it. This allows you to upgrade to a new or new-to-you model every few years.
The costs of leasing a Porsche are often lower up front than financing a Porsche, and no security deposit is required.
Lease payments are calculated on the difference between the initial value of the vehicle and its future value. At the end of your lease, you have the option to buy your vehicle by paying the residual value.
End of Payments
Our skilled lease-end advisors will work with you to smoothly facilitate the end of your lease and return your leased Porsche model to the dealership if you choose to do so.
When to Buy a Porsche
If you’re interested in owning your own Porsche, or want to put unrestricted mileage on your luxury car or SUV, buying a Porsche is an excellent option to consider. Through Porsche Financial Services, you can finance your model at a highly competitive rate and build your equity as you go.
Who Owns It
At the end of your Porsche financing plan, you will own the vehicle. We offer flexible auto financing terms, and can work out payment plans up to 84 months.
There is often no down payment required to purchase your Porsche, but initial costs included in your contract can be higher than they would be with leasing.
At the end of your financing contract, you are free to do whatever you would like with your Porsche vehicle, including selling it or trading it in. Luxury models like Porsche cars and SUVs tend to retain their value well, or even appreciate over time in the case of high-end models.
End of Payments
Your Porsche financing payments will end according to the terms listed in your contract, and you can enjoy ownership of your Porsche.
Start Your Porsche Lease or Purchase Today in Los Angeles, CA
After reading our information on buying vs. leasing a new or pre-owned Porsche model, we hope you are closer to deciding on the best method for your wants and needs. Contact the experts at our Porsche dealership in Los Angeles to learn more, or fill out our online credit application to get started.