If I want to keep the car longer my only choice is to buy out the lease before or when it expires. Because I haven't driven the car much (about 3500 miles per year, on a 15000 mile a year lease) when the lease expires the way Porsche predictes the value very close to the real value at that time. Due to the low miles on my car I have equity, meaning the value of the car is higher than the buy out of the lease. My buyout today is about $55,000 and the car is worth something like $69,000. So if turn it in to Porsche I lose the difference. I could always buy a new one but it would cost something like $35,000 more and wouldn't be much better than what I have.Under all cases I would have to pay tax the only way to avoid this is to sell it to a third party or turn it in. I don't know if any of this as stated makes sense, but this is my dilema as I see it.