Leasing

In the case of a loan, the focus is on the acquisition of ownership and there is the option of making special payments at any time during the term of the loan. With leasing, the focus is on use over a defined term. Porsche Bank remains the owner of the vehicle.

In addition to the monthly lease payment, ongoing operating costs such as comprehensive and liability insurance, engine-related insurance tax, maintenance and repair costs or refueling must be paid by the lessee. Upon conclusion of the contract, the statutory contract fee and processing costs are incurred.

A residual value leasing contract can be terminated by you in writing at any time. The difference between the termination value and the used car proceeds will be settled with you.

In the case of rental leasing, you can only terminate during the calculation base period with the consent of Porsche Bank.

Anyone to whom the lessee gives the vehicle for use may drive it if they have the appropriate driver's license. The subleasing of a leased vehicle is not permitted.

The amount of the leasing rate is influenced by various factors. These include, for example, the wishes and possibilities of the customer. This is also the reason why the rates are always different. In principle, it depends on the following components:

• Selected model & vehicle price: The more expensive the purchase price, the higher the leasing rate.
• Term of the contract: The shorter the term, the faster the installments are paid off.
• Down payment and special payment: These can lower the leasing rate and are freely chosen in many cases. If there is no down payment or special payment, the monthly amount increases.
• Residual value: The so-called residual value is determined by the purchase price. This is the value that the vehicle will have when it is returned. This compensates for the depreciation through use.
• Interest rate: In the case of contracts concluded with fixed interest rates, nothing changes until the end of the contract. Contracts with variable interest rates are adjusted. The 3-month EURIBOR serves as the basis for calculation. If this changes by more than 0.25 percentage points, the fee will be adjusted on the first of the following quarter.