A Porsche lease deal in which the lease company leases a car for $400,000, but sells it to a buyer for $500,000 can go anywhere from $3 million to $5 million, depending on the lease price.
However, if the lease is for a vehicle with an expected sales price in excess of $10 million, Porsche leases the car for less than $1 million and then sells it, the company says in a press release.
Porsche says the lease for its 2016 911 Turbo is “one of the most economically successful leases ever negotiated.”
The lease has two main components: the purchase price for the car, which can be as low as $400 to as high as $500 million, and the expected selling price for that car.
In other words, the lease could be anywhere from a $4-million car to a $5-million vehicle with a projected price in the neighborhood of $20 million.
The leasing company says it is able to make a profit on the deal because it is using its leasing expertise to negotiate lower payments than a traditional dealership.
“We are able to negotiate a higher payment on a very low lease price,” said Timo Biedermann, the managing director of Porsche’s global leasing division.
Biedmann said that if the buyer paid $50,000 for the new car, the leasing company would take about a third of that amount as its capital gain, which would be applied to the new sale price.
If the buyer pays $100,000 and the leasing firm takes the rest, the remaining $30,000 is applied to a profit.
“The lower the purchase amount, the lower the lease fee, which is one of the reasons we are able, we believe, to earn a higher profit with this leasing approach,” Biedermans said.
Porsche has leased the Porsche 911 Turbo for almost two decades and sold it at least twice.
The company leased it for less money last year because the owner didn’t want to continue leasing it, and it had plans to buy it.
The purchase price was $859,000.
Porsche said it also plans to lease the car in 2017 and then sell it at the new price, so that the $1.5- million sale price is the same.
Porsche leases its cars at the purchase and sale prices it has set for each car.
The lease rates and terms are published by the Porsche leasing division in a separate filing with the Securities and Exchange Commission.
For example, in a 2016 lease, the sale price was just over $5.2 million.
That is not the amount the company plans to charge for the 2017 lease.
The 2017 Porsche is expected to sell for $2.8 million.
“For the 2017 Porsche, the purchase is about $8.3 million and the lease at the 2017 price is $839,000,” Biesmann said.
In another 2016 lease agreement, the Porsche lease was set at $3,000 per month.
In 2016, the buyer was looking to buy the car and had a purchase price of about $7.4 million.
In 2017, the seller was looking for a lease with a buy price of $5,000 an hour.
“There is a high demand for the 2019 Porsche, especially for those who want to lease one and then drive it,” Bredmann said, adding that the company is able, due to its extensive network of leasing partners around the world, to negotiate for lower price and more favorable terms than other leasing companies.
Porsche’s sales are typically based on what is expected of the car from a prospective buyer.
In a 2016 sale, the car was expected to be sold for $1,600,000 or less.
In 2018, it was expected at $4,600.
“At this time, Porsche has a very high demand in the United States for the Porsche,” Biermann said in a statement.
“It is an opportunity for the company to further expand its sales network and develop new models and customers.”