john981

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!!!

AlexCeres

Cool.

also, while covid has messed up the economy, remember that prices are supply / demand. And supply has been restricted much more and faster than demand reduced. Rich people are doing quite fine and many countries have provided substantial economic assistance to their populace and small businesses. But the factories were all shut down for several months and no new cars got built by anyone for a while. A problem that cascades into the used car market.

CaymanMatt

That means one more car available for someone who really wants it.
Thank you for your consideration.

LexVan

What, are there no BMW Forums for your rant?

ldamelio

As others have said, the pandemic has not altered the law of supply and demand. It has altered the economy as many in service industries are hurting. On the other hand, the stock market is doing quite well. Most people who have $70,000 or more to spend on a toy are invested in the market. Don't blame Porsche.

AviBen

How lucky we are to be able to have the bandwidth to debate these upper-edge-of-first-world "problems"....

Porsche444

For those who don't get it, the car industry is a "for profit" industry, this isn't a non-profit realm. Every dealership just like any business thrives on supply and demand and due to covid, sports cars, and especially porsche cars are in very high demand, so simple fact. No reason to blame Porsche for this situation, they have employees, rent, insurance, etc to pay, and please note, since inventory is so low, these dealerships are struggling to find cars to sell.

I looked for a manual 991.1 for 3 months, nothing available, and what was available at porsche dealerships were damn expensive, so I bought a gt4 instead.

I went to golf shop last week for first time during covid, I was stunned to see how empty Roger Dunn was, their manufacturers couldn't make enough due to lock down and at same time, this is the one sport people can still do during covid, clubs flying off the shelf, so another example of supply and demand. Prices for clubs that are still available were 10 to 20% higher. So, what you gonna do, stop playing golf, blame golf industry and play solitaire instead?

If you dont understand this, then nobody can help you, its business 101.

CaymanMatt

The OP just wants to bitch because the world didn't act like he expected it to. Like I said, since he's not buying a 718 it just leaves one for someone who really wants it. That's win-win in my eyes.
MOO & FWIW

.2PDK

I feel your pain, they would only give me a 3% discount on the Aventador I was looking at so it looks like I'll have to settle for a 720S. It's not a Lambo but sounds ok and is actually more comfortable.

Hopefully I won't lose too much sleep over it...

Asker509

Seriously. I'm trying to find a car and getting really frustrated as well. But, I haven't caught Covid and I still have a job.

Also from what I've seen the market for base 718s is starting to seriously soften. I've seen several 2017s dropping under 48k. I've also seen brand new 2020 Boxsters under 70k...

The S and GTS models look like they are going up. I think it's partly driven by the 981 S and GTS models going up and having no supply.

rjag2034

Thats the power of the market. The price is reflective of desire and demand. You 'pay to play'.

This is no different than looking to buy a house in a highly desirable area and hoping the prices will drop due to Covid only to discover that everyone is bailing out of their condos into houses with property.

You dont perceive a value so you go to something that you do. Its not anyones fault, its the market. I hope you enjoy the Z4!

john981

I am really surprised about the tone of some of the answers here. This forum has been one of the most decent forum I have been part of. I have enjoyed the conversations and even on controversial topics the tone has been always friendly. This is not a "rant" or "bitching", this is my frustration about a fact which doesn't allow me buying the car I want for the price I can afford. The reasons which were listed are totally legit but doesn't change anything on the fact, that the 718 are becoming less affordable for people who could afford one few years ago. My first 2014 981 boxster had a MSRP of 56k and at that time you could lease a boxster for 500 dollars. Even the first model year of 718 boxster could be leased for 500 dollars including maintenance. Again, if you all can afford it and don't mind spending 70k or 1000dollar per month for a lease good for you, I currently can't. I will try BMW and see how it goes, I think I get a pretty good value for my money. Good luck to those who are still searching!

CaymanMatt

Here's your original statement:

"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."

It seems your expectation wasn't met by the reality of the market. I understand you're frustrated that you feel you can no longer purchase the car you want but it's not Porsche's fault that you are done with them. They are in business to sell cars & make money. They have very little inventory because of the pandemic so they really are in the driver's seat. You should have purchased it when you could. I've seen these discussions so many times on these forums. It seems that lots of people want to play the market, to try to time it so they get the best deal. Then they end up waiting & waiting & waiting, wasting time and complaining about how they can't find the right car at the right price, all to save (let's say) $2000 on an $80K car. To me the reality is that when you find the car you really want and if you can afford it, then you should buy it and drive it. Suck up the extra money because in the long run, it's really a nit.

I still say that it is good that you didn't purchase the car. You would probably always feel like you've paid too much and it would spoil the fun for you. You'll be happy in your Z4 & someone else will purchase the car that you didn't purchase and they will enjoy it immensely.

MOO & FWIW

LexVan

www.bimmerfest.com

Archimedes

No offense, but why is that Porsche's fault? Porsche builds cars that are in demand and the prices are reflective of that. How is what you said in your original post anything but a rant? You basically said 'I can't afford the car I want, so I'm gonna buy a cheaper car! It's all Porsche's fault with bad pricing!' If all you said was the first part, you would have received positive response, sympathetic to your plight. It's the latter part that gets you into trouble on here, or anywhere people have good reading comprehension skills. You're blaming Porsche because their cars are simply too expensive for you, which makes no sense. I can't afford a Bugatti, is that Bugatti's fault?