Am I getting a good deal on this 07.....
#1
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looked at an dealer demo 2007 Boxster S. The car has 1,900 miles. The sticker is $63.3k and I can get it for $54k. Is this a good deal?
If I lease it for 5yrs, with 12k miles per year with $5k total out of pocket, my payment would be $717 per month (this includes sales tax, etc.) Does this sound like a good lease payment?
thanks
G
If I lease it for 5yrs, with 12k miles per year with $5k total out of pocket, my payment would be $717 per month (this includes sales tax, etc.) Does this sound like a good lease payment?
thanks
G
#4
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$54K sounds like a pretty good deal. That's 15% off sticker.
I'm always somewhat cautious about buying a demo car though as it's difficult to know how it's been driven. Can you have the porsche dealership run a report of the engine revs? Was it broken in properly?
5 year lease sounds like a long time! Are you extending out the lease to drop the payments? Have you considered what the monthly payment would be to finance it for 60/72/84 months?
Also...is this a CPO car? Will you have warranty for the duration of the lease? I've learned to never lease a car that's not in warranty.
I'm always somewhat cautious about buying a demo car though as it's difficult to know how it's been driven. Can you have the porsche dealership run a report of the engine revs? Was it broken in properly?
5 year lease sounds like a long time! Are you extending out the lease to drop the payments? Have you considered what the monthly payment would be to finance it for 60/72/84 months?
Also...is this a CPO car? Will you have warranty for the duration of the lease? I've learned to never lease a car that's not in warranty.
#5
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Seems slightly high to me although there are few data points to draw on and I do not know where you are located. Wholesale auction would be about $48,500and high retail $52-53K. The season is coming to a close in many parts of the country so demand is soft.
#6
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I am in New Jersey
#7
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5 year lease sounds like a long time! Are you extending out the lease to drop the payments? Have you considered what the monthly payment would be to finance it for 60/72/84 months?
Also...is this a CPO car? Will you have warranty for the duration of the lease? I've learned to never lease a car that's not in warranty.
Also...is this a CPO car? Will you have warranty for the duration of the lease? I've learned to never lease a car that's not in warranty.
If I finance the Boxster S for 60 months, my payment would be over $1,000 a month. With 72 or 84 months, I would be upside down on equity for most of the term.
This car would be sold as a new car. 4yr 50k warranty would start the day of purchase
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#9
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This car would be sold as a new car. 4yr 50k warranty would start the day of purchase
Hard to say on the price - doesn't seem to be much out there in an S.
#10
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Make sure that's true. A demo will be titled as a new car, because it's never been registered. But typically the car will be "in service" once it becomes a demo, and that's when the warranty would start - not when you take delivery.
Hard to say on the price - doesn't seem to be much out there in an S.
Hard to say on the price - doesn't seem to be much out there in an S.
#11
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I believe that the only penality that you get on a warranty on a typical demo is fewer miles.
Manufacturers will sometimes offer significant incentives on cars sold in a particular time frame. In order to lock in that discount, a Dealer may take ownership of that car, and the warranty clock starts ticking at that point.
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