Have you been considering a Porsche lease? We're answering our Porsche leasing frequently asked questions at Tom Wood Porsche to help you determine if it’s a fit for you.
How Does a Lease Work?
A lease is essentially a long-term rental. When you lease a vehicle, you agree to a predetermined term where you will borrow your new Porsche vehicle from our dealership.
Then, at the end of your lease, you simply return to your vehicle to our dealership.
How is the Price Determined?
When deciding what to charge for a lase, lenders look at the current value of your vehicle and its estimated value at the end of your lease.
The depreciation that the vehicle experiences during that period is what you pay over the course of your lease term.
How Long Does a Lease Last?
There is not a set period for all leases, you can work with our dealership (and your lender) on the best term that works for you.
Typically, leases last two or three years. However, they can be as short as one year or last up to five years.
What are the Benefits of Leasing?
By leasing a vehicle, you can get into a vehicle much more affordably. Plus, with a limited term, you can continually upgrade to newer models with newer designs and technology.
Oftentimes, your vehicle will be covered under warranty for the duration of your lease as well, which can help limit maintenance and service costs.
Think a Porsche lease is for you? We’d love to help! Visit our Porsche dealership in Indianapolis, IN to peruse our new Porsche cars and SUVs and find the ideal vehicle for you.
Categories:
Social