Leasing a Porsche may be the more affordable way to experience owning a top-rate luxury sports car, but it’s not always the best option in every scenario. Make sure you know all the costs and details before signing the papers on the car of your dreams.

Financing or paying cash aren’t the only ways that you can get your hands on an amazing new car. Leasing allows you the ability to drive a new and/or luxury car for less money than you would pay to purchase it, and it’s a great way for you to drive the kind of car that might otherwise be a little out of reach.

But on the other hand, leasing does come with restrictions. You’re paying for convenience and depreciation, and you're not building equity like you would be with regular car payments. It’s not always the best option for everyone.

If you’re thinking about leasing one of the great sports cars,

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is here to walk you through the basics of leasing a Porsche. From start to finish, find out all you need to know about the leasing process here—plus, how you can be saving on your

Porsche insurance costs

How to lease a Porsche

Leasing a Porsche isn’t complicated, but there are a few things you need to address before you head to the dealership and start drooling over options and paint colors. Make sure you square these details away first:

Know your credit score. Generally speaking, you need a higher credit score to lease a car than to buy one. The higher your credit score, the better the financing terms you’ll be able to get. Realistically, you should have a score of at least 700 to lease a Porsche.

Establish your monthly budget. Your car payment should be about 15% of your monthly income, but it may need to be less depending on your finances and your lifestyle.

Determine how much you can pay at signing. The monthly costs are just part of what you’ll pay—most Porsche leases have several thousand dollars worth of additional fees due at signing.

Estimate your annual mileage. Most leases come with mileage restrictions of 10,000 to 15,000 miles. If you drive a lot or are planning on taking a long road trip, make sure to ask what the policy for extra miles is.

Now that you’ve got the numbers settled, it’s time for the fun part! Check out the

lease options

that Porsche offers, and head to the dealership of your choice to see what’s available. In this article, we’ll be looking at the more affordable

Porsche Macan

—but if you’re feeling flush, you can consider the Taycan or the iconic 911.

Remember that the salespeople will try to talk you into extra upgrades and features, and it can be easy to get carried away—especially when it’s a car like a Porsche. Having your budget firmly established ahead of time is key to ensuring you don’t end up taking on more than you can realistically afford.

MORE:

Is it better to lease or buy a car?

The final step: shop for insurance

Car insurance is another thing that you want to factor into your budget, and insuring a sports car like a Porsche will be on the more expensive side of the spectrum. You’ll need a car insurance policy that’s as high-performing as your car—and Jerry can help you get it at a great price.

With about 60 seconds' worth of input from you, Jerry will shop from over 50 top insurance companies to bring you the best quotes out there. The typical Jerry user saves almost $900 a year!

MORE: How to calculate a car lease payment

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How much does a Porsche lease cost?

It’s true that leasing a luxury car is a more affordable way to drive one than purchasing it, but how much does it really come out to? The final cost to lease your Porsche is going to depend on a lot of things, including:

The model you select

The selling price you negotiate

The length of your lease

The interest rate you qualify for

Any extras or options you include in your lease

State sales tax (if any)

Lease offers change throughout the year and can vary by region and dealership. In general, you can expect to have a monthly payment of $1,093 for a Porsche Macan. Keep in mind, that’s just your recurring monthly payment. The day you sign the papers, your costs will include:

First month’s payment: $1,093

Down payment: $1,000 (at least)

Security deposit: $0

Acquisition fee: $1,095

Altogether, you’ll have at least $3,188 due at signing for your new Macan. This number doesn’t include sales tax or other fees.

Services included in a Porsche lease

Porsche doesn’t include any complimentary maintenance with their leases, but they do offer several different options for

prepaid maintenance packages

. This is a car that deserves top-quality care, and Porsche offers coverage plans for everything from wheels and tires to that

fancy key fob

Dive into Porsche's website to take a look at all the different protection plans available, and choose the ones that fit your budget and needs.

If you are concerned about the potential for excessive wear and tear charges at the end of our lease, you might want to look into Porsche’s

Lease-end Protection

. This policy will pay for up to $7,500 of excess wear charges and covers things like:

Paint wear and exterior dents

Scratches, chips, pits, or cracks

Front and rear windshield and side glass chips

Rips, tears, stains, and spotting on interior upholstery or carpet

The above list is not at all exhaustive, so make sure to check Porsche’s website for details if you are interested.

Key Takeaway A monthly lease on a Porsche will be around $1,093 at a minimum, and may also include additional fees and taxes.

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What to do when your Porsche lease is up

When the clock chimes midnight, you have a few options to choose from before your Porsche turns into a pumpkin. You can:

Return the car (and lease a new one if you like)

Re-lease the same vehicle again

Purchase the vehicle if you don’t ever want to say auf wiedersehen

How to return a leased Porsche

If you’ve decided to return your lease, here’s what you’ll need to do:

Schedule your complimentary pre-inspection. Before your Porsche lease is up, you’ll be contacted by a lease-end representative who will assist you.

Have any needed repairs done at an authorized Porsche dealer.

Make sure you are current on all payments.

Remove any personal items or aftermarket accessories, and return all original equipment to the vehicle.

Complete an odometer statement.

Schedule a time to return your car.

Porsche charges a $595 disposition fee on all returned leases, no matter the condition. If you are interested in leasing a new car or thinking about an upgrade, Porsche offers Loyalty Programs for repeat financing customers that could mean savings.

MORE:

Is a Porsche hybrid worth it?

How to purchase a leased Porsche

If you’ve fallen in love and want to make your Porsche all yours, you can purchase it at the end of your lease. Contact the original dealer,

Porsche Financial Services

, or log into the My Porsche portal for details.

Remember, financing through the dealership isn’t the only way—you can also look into getting financing from your bank or credit union.

How to re-lease a Porsche

Not all vehicles are eligible for this, but in some cases, you can re-lease the same vehicle a second time. If this is an option you think you might be interested in, contact Porsche Financial Services.

MORE: How to prepare a car for inspection when returning a lease

How to find affordable car insurance for a Porsche

A car like a Porsche needs top-tier insurance coverage, but that doesn’t mean you have to pay a premium price for it. Comparison shopping with super app

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is the fastest, easiest way to make sure you’re getting a great deal on

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Download the app, answer a few quick questions, and let Jerry do all the tedious work of finding the best possible car insurance for you. Have questions? Licensed brokers are available to walk you through anything you might want to know.

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Is Porsche leasing worth it?

It really depends on your finances and what your priorities are. If you like having a new luxury car every few years for an attainable cost, leasing could be perfect for you. But if you like to keep a car for a long time or do a lot of customizing to it, it’s probably not the best choice.

What’s the cheapest Porsche you can lease?

The Porsche Macan is the cheapest Porsche you can lease, with an MSRP of $57,810. Your final cost will vary depending on factors like the selling price, the terms of your lease, and state taxes.

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