Saw this on the web this morning :
http://www.porsche.com/usa/boxsterleaseoffer/
So, I started crunching some numbers...
Option 1
$590 / mo for 36 months = $21,240
Add the $4909 due at lease signing
Purchase option at end of lease is $30,000
Total = $56,146
Of course, if I went with this I would probably have to finance the $30k at the end of 3 years. So, $30k over 5 years at 7.5 % would be $600 / mo
Total for Option 1 = $62,149
Option 2
MSRP of car is $47,790
What if I finance through Porsche for 7 years at 7.5 % ?
Then, $733 / mo ( $61,572 total )
Option 3
To finance this over 5 years at 7.5 % would be $957 / mo
Total = $57,420
I can see a $600 / mo car payment for 8 years easier to stomach than a $950 car payment for 5 years or a $750 payment for 7 years.
So what am I missing ( aside from paying $5k more over a 8 year period ) ?
Nick