How Much Does it Cost to Lease a Porsche 911?

Though many people would love to drive a luxury sports car every day, the reality is that it’s not possible or practical for most drivers to purchase one. Leasing is an excellent option for many people. A lease offers many of the same benefits as ownership but without a huge down payment or car loan.
It typically costs between $1,300 and $2,000 per month to lease a Porsche 911. That doesn’t include any taxes, fees, or cash due at signing. The final lease price depends on factors like the vehicle’s year, sticker price, your credit score, lease term, how much you drive, and geographic location.
Costs to Lease a Vehicle
When you lease a car, your monthly payments go toward the vehicle’s depreciation amount during your lease term. This is different than when you finance a car for purchase because in that case, you’re making payments toward the vehicle’s total purchase price.
A 2022 Porsche 911 is priced between $99,200 and $216,300 (MSRP). The lease cost can vary significantly depending on the style, trim, and specifications. The depreciation rate for a Porsche 911 averages around 29% by the end of the second year.
Vehicle | MSRP Base Price | Avg. Depreciation
(2 years) |
911 Carrera S | $117,100 | $30,446 |
911 Carrera S Cabriolet | $129,900 | $37,671 |
911 Carrera 4S | $124,000 | $35,960 |
911 Carrera 4S Cabriolet | $137,200 | $39,788 |
911 Targa 4 | $121,300 | $35,177 |
911 Targa 4S | $137,200 | $39,788 |
911 Carrera GTS | $136,700 | $39,643 |
911 Carrera GTS Cabriolet | $149,500 | $43,355 |
911 Carrera 4 GTS | $144,000 | $41,760 |
911 Targa 4 GTS | $156,800 | $45,472 |
911 Carrera 4 GTS Cabriolet | $156,800 | $45,472 |
So, to determine the cost to lease a Porsche, you’ll need to consider the depreciation value along with any other added fees. The total amount you’ll pay is the depreciation and fees plus the money factor.
The money factor is like an interest rate, but it’s a special term used when leasing. The money factor used to calculate your payments is mostly based on your credit score, so it may vary from person to person.
Let’s take a closer look at this and some of the other factors that go into determining the final total for your lease payment.
Vehicle’s Price
A good place to start when figuring out the cost to lease a Porsche 911 (or any other vehicle) is the vehicle’s sticker price. Since many of the figures that go into your payment are based on the vehicle’s purchase price, you’ll want to make sure that you start with a good, fair figure.
Not everyone knows that you can negotiate the lease price on a vehicle just like you would do when you purchase a car. In fact, you can negotiate on a whole host of terms – the down payment, monthly payment, deposit, and other factors.
If you can lower the vehicle’s price, it will also lower the depreciation value. This will help reduce your monthly lease payments.
Residual Value
The residual value refers to how much the car is worth at the end of the lease term. Some cars depreciate faster than others, so the residual value may be lower. The depreciation fee that you’ll pay as part of your lease will be based on the residual value.
This number won’t fluctuate, so it’s not exactly the same as depreciation. When you sign your lease agreement, the residual value will be set and agreed upon ahead of time. So, even if the market fluctuates and the resale value of the vehicle drops more than normal, your fees won’t increase.
Some lease agreements may even allow for you to benefit from the residual value if the car ends up being worth more than expected at the end of the term. You’ll have to check your specific contract to find out if that’s the case.
For the Porsche 911, the residual value decreases pretty significantly year over year. By the time the car is five years old, it’s typically going to have lost close to half of its value. Just after one year, you should expect that the value will decrease by a little over 25%.
Porsche 911 Residual Value
Years Old | Residual Value |
1 | 76.8% |
2 | 72.92% |
3 | 64.81% |
4 | 59.95% |
5 | 55.45% |
6 | 54.12% |
Money Factor or Lease Factor (Interest Rate)
The money factor (or lease factor) refers to the interest rate you’ll pay for the lease. To convert the money factor into a simple interest rate, you’ll just multiply it by 2,400.
Once you know the money factor in terms of what it would be as an interest rate, you can compare it to what you would normally qualify for if you were financing a vehicle.
The money factor is usually between 3% and 5% for a lessee that has great credit.
So, as an example, if you leased a Porsche 911 that was priced at $100k and the money factor was .00025, you could calculate the comparable interest rate by using the following formula:
.00025 x 2,400 = .60
That means that you would be paying the equivalent of about a 6% interest rate on the lease. Compare that to a money factor of .0005, which would come out to about 12%, and you can see how significant this number is when determining the cost for your lease.
One way to negotiate this figure is to get prequalified for traditional financing. If you come prepared with comparable financing offers with significantly lower interest rates than the money factor being offered, you’ll likely create some room for negotiation.

Fees Due at Signing
Keep in mind that there’s more to a lease than just the monthly payment. Most of the time, you’ll have to pay a down payment and your first month’s lease payment.
There may be other fees, such as an acquisition fee and capitalized cost reduction. Some dealerships may also charge a security deposit.
Other costs may include tax, tag and title fees, registration, and other dealer fees. In addition to any fees due at signing, there may be additional costs that you’ll be responsible for at the end of the term when you return the car to the dealership.
Depending on your lease agreement, you may be responsible for vehicle maintenance. However, most Porsche 911 leases include all routine maintenance for the vehicle throughout the term. Make sure you know the details about keeping up with scheduled maintenance ahead of time.
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Potential Fees Due at the End of Your Lease
It’s important to understand the terms of your lease agreement so that you don’t end up with any expensive surprises when you return the vehicle. There are many different fees that may apply at the end of your lease, so it helps to be familiar with them ahead of time.
Mileage
Your lease agreement will include a mileage cap that specifies how many miles you’re allowed to drive each year. Usually, the mileage limit will be between 10,000 and 15,000 miles.
If you exceed the mileage limit outlined in your lease agreement, you’ll have to pay a fee for the overage. This can be as much as $0.25 per mile, which can add up very quickly if you’re not careful.
Wear and Tear
A normal amount of wear and tear is expected, but if you return the vehicle with excessive wear and tear, you will likely be charged a fee.
Check your lease agreement for what’s considered normal versus excessive, and ask questions at the dealership before you take possession of the vehicle.
Early Termination
If you return the car before the lease term ends and request to end the lease, you’ll probably have to pay an early termination fee.
The Bottom Line
Leasing a Porsche 911 is a great way to drive a new, luxury vehicle without having to budget for the high cost of purchasing the car. It can be a less expensive way to drive a Porsche than financing the full price to buy it outright. However, it’s not a cheap car to lease.
If you’re looking to lease a Porsche 911, you should expect to pay between $1,300 and $2,000 per month for the base fees. The cost could be quite a bit higher depending on the specific vehicle that you choose and the going rate in your local market.
The best way to make sure you’re getting a good deal on a lease is to shop around with multiple dealerships. Check for dealer incentives and ask about their offers.
Always get prequalified for financing before you set out to lease a vehicle so that you can make sure you’re being offered a fair money factor.
It would also help to consider whether it’s more important for you to have a lower monthly payment or have less cash due at signing. This can make a big difference in the kind of offer you get and how you can negotiate a deal.
Remember, you can almost always negotiate the selling price for the vehicle, whether you’re buying or leasing, so don’t be afraid to ask for a better offer.