Fed up with pricing policy of Porsche
12-10-2020, 05:14 PM
#61
wow rough crowd!
OP i'm also a former BMW driver. We get spoiled over in BMW country with their ridiculous lease rates. They artificially inflate the residual on a lease to make the payments low, but that leaves you in a constant negative equity situation. So you have thousands of people leasing BMWs and then when they turn them back in again in 3 years it floods the market. So there is no shortage of used BMWs; so the price is lower. Porsche's in general dont lease well. Porsche (and audi for that matter) set a realistic residual; so usually after a year or so you can trade out of your lease without taking a bath. I really dont think 911s/718s should be leased. it rarely makes sense, you just have to shift your thinking. The good thing is that they hold their value. I purchased a CPO 911 a few months back and I've gotten trade in offers for what I paid.
OP i'm also a former BMW driver. We get spoiled over in BMW country with their ridiculous lease rates. They artificially inflate the residual on a lease to make the payments low, but that leaves you in a constant negative equity situation. So you have thousands of people leasing BMWs and then when they turn them back in again in 3 years it floods the market. So there is no shortage of used BMWs; so the price is lower. Porsche's in general dont lease well. Porsche (and audi for that matter) set a realistic residual; so usually after a year or so you can trade out of your lease without taking a bath. I really dont think 911s/718s should be leased. it rarely makes sense, you just have to shift your thinking. The good thing is that they hold their value. I purchased a CPO 911 a few months back and I've gotten trade in offers for what I paid.
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c1pher (12-13-2020)
12-12-2020, 12:36 AM
#62
Bottom line Porsche vs BMW anything.......Porsche wins. I understand price issues and price flexibility but performance wise BMW can not touch Porsche in the
consumer market production car world. I have owned a Z4....fun car but compared to even my 2014 base Boxster no comparison in any way. Yes most of the
time Porsche will not discount MSRP especially if you build your own and understand your frustration with that but you are getting an outstanding performance
vehicle and they can get away with it. To own a Porsche is to own a dream!
2021 718 Spyder PDK (Delivery 12/18/20)
2018 718 Boxster S PDK
2015 981 Boxster GTS PDK
2014 981 Boxster Base Manual
2010 BMW Z4
2020 Range Rover Land Rover (Incredible Vehicle)
2019 Cayenne
2017 Maserati Lavante (Piece of Garbage)
2015 Cayenne Hybrid
consumer market production car world. I have owned a Z4....fun car but compared to even my 2014 base Boxster no comparison in any way. Yes most of the
time Porsche will not discount MSRP especially if you build your own and understand your frustration with that but you are getting an outstanding performance
vehicle and they can get away with it. To own a Porsche is to own a dream!
2021 718 Spyder PDK (Delivery 12/18/20)
2018 718 Boxster S PDK
2015 981 Boxster GTS PDK
2014 981 Boxster Base Manual
2010 BMW Z4
2020 Range Rover Land Rover (Incredible Vehicle)
2019 Cayenne
2017 Maserati Lavante (Piece of Garbage)
2015 Cayenne Hybrid
12-12-2020, 09:13 AM
#63
Bottom line Porsche vs BMW anything.......Porsche wins. I understand price issues and price flexibility but performance wise BMW can not touch Porsche in the
consumer market production car world. I have owned a Z4....fun car but compared to even my 2014 base Boxster no comparison in any way. Yes most of the
time Porsche will not discount MSRP especially if you build your own and understand your frustration with that but you are getting an outstanding performance
vehicle and they can get away with it. To own a Porsche is to own a dream!
2021 718 Spyder PDK (Delivery 12/18/20)
2018 718 Boxster S PDK
2015 981 Boxster GTS PDK
2014 981 Boxster Base Manual
2010 BMW Z4
2020 Range Rover Land Rover (Incredible Vehicle)
2019 Cayenne
2017 Maserati Lavante (Piece of Garbage)
2015 Cayenne Hybrid
consumer market production car world. I have owned a Z4....fun car but compared to even my 2014 base Boxster no comparison in any way. Yes most of the
time Porsche will not discount MSRP especially if you build your own and understand your frustration with that but you are getting an outstanding performance
vehicle and they can get away with it. To own a Porsche is to own a dream!
2021 718 Spyder PDK (Delivery 12/18/20)
2018 718 Boxster S PDK
2015 981 Boxster GTS PDK
2014 981 Boxster Base Manual
2010 BMW Z4
2020 Range Rover Land Rover (Incredible Vehicle)
2019 Cayenne
2017 Maserati Lavante (Piece of Garbage)
2015 Cayenne Hybrid
12-12-2020, 10:03 AM
#64
12-12-2020, 10:26 AM
#65
Originally Posted by .2PDK
Except deep potholes...
12-12-2020, 10:36 AM
#66
12-12-2020, 12:01 PM
#67
12-12-2020, 12:10 PM
#68
Rennlist Member
Why people care if BMW inflate residuals .
As long as the product is good, how much you pay for it should be irrelevant .
I say all the time, part of our research on buying a car , we should include the best way to finance the car . Lease vs buy
for BMW products , lease should be the option unless you buy the car to keep for 5 plus years , then financing/cash is the best option
I currently lease an M5C... it cost me 1500 a month. Would I be happier if it costs 2000 a month !!!!
As long as the product is good, how much you pay for it should be irrelevant .
I say all the time, part of our research on buying a car , we should include the best way to finance the car . Lease vs buy
for BMW products , lease should be the option unless you buy the car to keep for 5 plus years , then financing/cash is the best option
I currently lease an M5C... it cost me 1500 a month. Would I be happier if it costs 2000 a month !!!!
The following users liked this post:
steve9 (01-05-2021)
12-12-2020, 01:33 PM
#69
Why people care if BMW inflate residuals .
As long as the product is good, how much you pay for it should be irrelevant .
I say all the time, part of our research on buying a car , we should include the best way to finance the car . Lease vs buy
for BMW products , lease should be the option unless you buy the car to keep for 5 plus years , then financing/cash is the best option
I currently lease an M5C... it cost me 1500 a month. Would I be happier if it costs 2000 a month !!!!
As long as the product is good, how much you pay for it should be irrelevant .
I say all the time, part of our research on buying a car , we should include the best way to finance the car . Lease vs buy
for BMW products , lease should be the option unless you buy the car to keep for 5 plus years , then financing/cash is the best option
I currently lease an M5C... it cost me 1500 a month. Would I be happier if it costs 2000 a month !!!!
for most people who lease and keep the car for the 36 months it’s not an issue
12-12-2020, 04:55 PM
#70
Rennlist Member
It really comes down to personal preference. Personally I would prefer a more realistic residual and higher payment but the ability to be able to trade out after a year or so. For example I leased an Audi s5 cabriolet and after a year I wanted to get back into a bmw. Went back to the Audi dealership and they bought the car back from and I owed them less than $2k in negative equity. Every bmw that I’ve leased has closer to $10k negative equity. So somebody like myself who trades out every year or so, the inflated residuals are difficult to get around
for most people who lease and keep the car for the 36 months it’s not an issue
for most people who lease and keep the car for the 36 months it’s not an issue
bottom line , what I mentioned initially , we as customers , have to be informed and see what is the best option for every company..
12-13-2020, 12:34 PM
#71
Rennlist Member
Porsche learned the hard way over decade ago... when they had too much inventory and the market was crap... they had to do exactly what the OP wishes... heavy discounting. Ever since then they have restricted supply... demand for 2, make 1. Keeps value of the brand up and your customer drooling for tomorrow. I am happy Porsche practices this because it benefits both the customer and the brand long term.
The following 3 users liked this post by n4v4nod:
12-17-2020, 11:22 AM
#72
Track Day
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I have been looking for a 718 boxster for a quite long time. I was hoping the prices would slow down due to covid but exactly the opposite happened in the past few month. There are hardly any new or low mileage boxsters below 70K!! and leasing these cars is almost as expensive as a 911. For now, I am done with Porsche. I have found a nicely loaded 2020 M40 Z4 BMW Demo with 3k miles and I can lease it for 530 per month (10k/36month) and 3k drive offs. It is not a Porsche but has 380 HP, 6 cylinders with nice sound and is a great luxury sports car. Comparable Porsche would be a Boxster S which leases for almost double of what the BMW costs. It seems Porsche is not interested in the 718 segment, which is fine, I will take my business to BMW. Be well everyone!!!
12-18-2020, 12:11 PM
#73
Race Director
man, some ridiculous posts in here. High prices are good because it keeps them in the "right hands" oh jeez
12-18-2020, 12:34 PM
#74
RL Community Team
Rennlist Member
Rennlist Member
12-18-2020, 01:46 PM
#75
Rennlist Member
Thread Starter
