Porsche Loaners can still be leased as a new car if it has under a certain number of miles. If you go over, it can still be leased but you have to adjust the residual by ALL the current miles (If it’s 1 mile under the limit the residual does not get adjusted at all, but 1 mile over and you have to adjust by all the miles it has). It basically makes the vehicle un-leasable since the monthly payment is so much higher than it should be.
4500 miles is not the limit, but this is probably the dealers way of giving them some buffer room so they don’t have to worry about if someone goes over by a few miles that they run into this issue.
The other side of this is most stores have the service department buy the vehicle from the sales department, and then after they are done using it as a loaner, they sell it back to the sales side. The more miles it has, the less sales has to buy it back for, meaning service is not able to recoup as much for that vehicle.
I’ve worked at 2 different Porsche dealerships, 1 of them required the service department to pay 1% of the invoice amount of the vehicle for each month they had it as a service loaner, but the other one required service to buy it from sales at MSRP and then sell it when they were done for auction prices.
Porsche Loaners can still be leased as a new car if it has under a certain number of miles. If you go over, it can still be leased but you have to adjust the residual by ALL the current miles (If it’s 1 mile under the limit the residual does not get adjusted at all, but 1 mile over and you have to adjust by all the miles it has). It basically makes the vehicle un-leasable since the monthly payment is so much higher than it should be.
4500 miles is not the limit, but this is probably the dealers way of giving them some buffer room so they don’t have to worry about if someone goes over by a few miles that they run into this issue.
The other side of this is most stores have the service department buy the vehicle from the sales department, and then after they are done using it as a loaner, they sell it back to the sales side. The more miles it has, the less sales has to buy it back for, meaning service is not able to recoup as much for that vehicle.
I’ve worked at 2 different Porsche dealerships, 1 of them required the service department to pay 1% of the invoice amount of the vehicle for each month they had it as a service loaner, but the other one required service to buy it from sales at MSRP and then sell it when they were done for auction prices.