Should I Buy or Lease?
Should You Buy or Lease?
Buying vs. Leasing: Which is right for you?
With the prominence and prestige that come with a Porsche, it’s no
wonder that so many people choose to buy or lease a Porsche. But
what’s the difference between purchasing and leasing? Does one
option give you more freedom? Here at Porsche Livermore, serving
Fremont, Walnut Creek and the East Bay Area, we’ve encountered
these questions before from our customers. Most are already
familiar with buying, but some people aren’t confident about
leasing. Both are useful and helpful paths to take when
considering a new Porsche from our inventory. Below, you’ll find
the pros and cons of both to help ease your mind. Keep reading to
learn the advantages and disadvantages of buying and leasing. If
you have further questions, our
finance experts</a >
Why Lease a Vehicle?
Minimal Upfront Cost
Leasing is like renting. When you lease a Porsche, you’re
agreeing to make monthly payments with the knowledge that you’ll
return the vehicle to the dealership at the end of your agreed
lease period. Generally, down payments for leases are lower than
if you were to purchase, making your upfront costs much less.
You’ll also find frequent lease offers in our
new car specials</a >
with lower monthly payments, which means leasing could be better
for you in the short term.
By leasing your new Porsche, you can have more flexibility than
you would with purchasing. Typically, leases last between two
and three years (or 24-36 months), meaning their terms are
generally shorter than purchasing. Lessees are usually given
12,000-15,000 miles per year on their vehicle, but you have the
option to purchase more miles at signing. Unlike buying, leasing
allows you to drive a brand-new vehicle every few years without
the hassle of selling or trading. Plus, you have the option to
purchase your Porsche at
if you’ve fallen in love.
Because lease terms last between 2-3 years on average, your new
Porsche may still qualify under its manufacturer warranty for
the length of your entire lease. This means that any damages or
repairs that fall under the scope of the warranty aren’t your
Why Purchase a Vehicle?
Despite the benefits of leasing, only ownership offers you true
freedom. Once you’ve completed your monthly payments, your
Porsche is yours to keep, sell or
at your pleasure. You have the ability to choose a new paint
color or install a new audio system without needing permission.
You’ll experience the type of independence that you would expect
from owning a vehicle like a Porsche.
Although it comes with bigger upfront costs, purchasing your
Porsche may be more fiscally responsible in the long run. Not
only are you allowed more financing options than leasing, once
you’ve finished making monthly payments, that money (including
your down payment) is secured when you keep your vehicle. You’ll
see a better return on your investment when you buy. With
leasing, that money is lost when you return your Porsche to the
No Mileage Restrictions
There’s no doubt about it. When you purchase, you’re in charge.
There are no mileage restrictions (or fees if you go over), and
permission isn’t required to leave the country in your Porsche.
Ownership means autonomy from lenders and the freedom to go
wherever and do whatever you please.
If you’re ready to be the proud owner or lessee of one of our new
models, or are interested in learning more about your lease-end
options, feel free to contact us online or visit us at
3100 Las Positas Road, Livermore, CA 94551. </a >We look forward to serving customers from Livermore, CA, near
Fremont, Walnut Creek and the East Bay Area.