Many Porsche shoppers don’t realize this, but some Certified Pre-Owned (CPO) Porsche models can lease for less than a brand-new one — sometimes a lot less. The reason has nothing to do with discounts. It comes from the way Porsche calculates the car’s future value, and it creates a situation where certain used Porsches lease extremely well, especially on short terms like 12 or 24 months.

Most people assume a used car would lease worse than new. With Porsche, the opposite can happen.

When you lease a Certified Pre-Owned Porsche, the bank still uses the original MSRP from when the car was brand-new to calculate its residual value (the amount Porsche believes the car will be worth at the end of the lease). But you are now buying it at a lower, used price. This is the core of why the payments can be so attractive.

Instead of paying for big depreciation like you would on a new vehicle, you're paying for a much smaller difference between the CPO price and the (higher) value Porsche assigns to it.

What Makes CPO Porsche Leasing Different

With most brands, a used lease is just a cheaper car with worse numbers. Porsche works differently.

Porsche calculates the car’s future value as if it were still new.
But as a shopper, you’re benefiting from the fact that the car has already gone through its biggest drop in value during the first few years of ownership.

That gap — between what Porsche thinks the car is worth and what it actually sells for today — is what lowers the monthly payment.

Why 12 and 24-Month Leases Work Best

Shorter terms are where this structure really shines.

On a 12- or 24-month lease:

• The residual is extremely high

• The selling price is often very close to the residual

• The lease barely includes any real depreciation

In simple terms:
The car is already worth about what Porsche predicts it will be worth later — so there’s not much left to “lose.”

That means you’re mostly just paying tax and rent (the finance portion), rather than covering thousands of dollars of declining value.

This is especially true on 911 and Taycan models, which hold value differently than most other performance cars.

Why You Don’t See These Deals Advertised

These deals exist, but you won’t see a Porsche store putting them on their website or on a window sticker. There are two reasons:

1. Most dealers don’t run lease numbers on CPO units at all
   They treat them like normal used cars and assume customers will finance or pay cash.

2. Most salespeople don’t realize which cars lease well
   They don’t check the program math, so they never know the opportunity exists.

This is why shoppers rarely “find” a great CPO Porsche lease on their own — not because they’re being hidden, but because the store itself doesn’t identify them.

Which Models Benefit the Most?

The strongest CPO lease opportunities typically appear on:

When the original MSRP was high and today’s selling price is close to the future value Porsche assigns, the lease becomes extremely efficient.

When a CPO Porsche Lease Doesn’t Make Sense

Not every certified Porsche qualifies as a good lease structure. CPO leasing makes less sense when:

• The mileage is too high and reduces the residual

• The original MSRP was low, leaving less gap

• The new version of the same car has heavy incentives

• The dealer has marked the car up too far above market

This is why the right VIN matters — not just the model.

Why These Opportunities Appear Only Occasionally

Because this structure depends on a specific combination of:

• Year

• Mileage

• Original MSRP

• Current CPO selling price

• Monthly Porsche program terms

…it isn’t something you can “order” on demand.
You don’t request these deals — they appear when all of the numbers line up.

That’s why they are usually posted when found, not browsed in advance.

How to Know When One Is Available

The best way to spot a strong CPO Porsche lease is to watch for it when it’s posted. Since these cars aren’t listed publicly as “lease deals” through dealers, they are shared only when the structure actually makes sense.

Follow @autocompanion on Instagram — this is where CPO Porsche lease opportunities are posted when they become available.

Because these units are rare and time-sensitive, they are shared as individual drops rather than listed as inventory.

Final Takeaway

A CPO Porsche can lease better than a new one because Porsche still uses the original new car MSRP to calculate the residual value — even though you’re buying at today’s used price. When that number is close to what the car sells for now, there is almost no depreciation left to pay, which makes short-term leases especially attractive.