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View Poll Results: did you pay Cash Finance or Lease
Paid cash
62
53.91%
Financed
28
24.35%
Leased
25
21.74%
Voters: 115. You may not vote on this poll

did you pay Cash Finance or Lease

 
Old 03-03-2014, 10:58 AM
  #16  
stealthboy
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Cold hard cash.
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Old 03-03-2014, 03:23 PM
  #17  
Magnus357
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Leased. 24 months.

I go through cars pretty quick. Additionally, Porsche is lease supporting the 911s above market I believe, at least at 24 months.

I had a bad experience with a CLS550 being wrecked by someone killing over 15% of its value. The lease let's me spread that risk across all the 911s leased.

I have better uses for my money than owning a depreciating asset. I do believe you should be able to pay cash to really afford a car like this.

Last edited by Magnus357; 03-04-2014 at 10:02 AM.
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Old 03-03-2014, 04:41 PM
  #18  
BlackSpeed
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Originally Posted by Magnus357 View Post
Leased. 24 months.

I go through cars pretty quick. Additionally, Porsche is lease supporting the 911s above market I believe, at least at 24 months.

I have better uses for my money than owning a depreciating asset. I do believe you should be able to pay cash to really afford a car like this.
^this and I write mine off through my business
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Old 03-04-2014, 04:19 PM
  #19  
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Leased, because I like switching up my cars pretty regularly and Porsche was running pretty nice 27-month lease deals last April when I locked my order.
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Old 03-04-2014, 05:13 PM
  #20  
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Leased for 27 months (with that high residual) - wanted to see how I'd like a Pcar as my DD. Love it!!

Happy to have leased as I now want to step up to the 3.8L.

So now the question for me becomes - buy used, buy new or lease again? I could be tempted to lease again if they offer a 12 mth lease payment buy-out again, but am seriously thinking used CPO. Just not an ex-leased car - haha! Kidding - I actually take care of this one like I own it - not sure why other than I'm just a car guy I guess.
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Old 03-06-2014, 05:25 PM
  #21  
Porsche 25th
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Cash, always cash. I am EXTREMELY debt averse.
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Old 03-06-2014, 10:02 PM
  #22  
docjohnM
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This is an interesting poll for semi-scientific reasons!

A year or so ago, I read that Porsche leases approx. 60% of it's vehicles. (I thought the number was 63%, but can't remember) This is in line with most luxury brands. (I think the article said BMW had the highest leasing rate)

This poll produced the opposite of those stats.

I wonder if people who lease tend to be less involved on forums. Or the leases are predominantly NOT 911 models.

Something interesting to think about!
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Old 03-07-2014, 02:34 AM
  #23  
daddyscar
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Who do you think will respond more on a Porsche 911 forum? All cash or loan/lease guys? Notice how each loan/lease response has to explain why they didn't pay cash. If you did a ***** size poll. You'll get a 99% turn out from the well endowed that just respond "12". But a handful will respond "4, but it's really cold out and I have three children" skewing the true average.
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Old 03-07-2014, 02:39 AM
  #24  
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Leasing is SMART. As J Paul Getty said, one should BUY assets that appreciate and LEASE assets that depreciate. Too, the factory guarantees the value of your car after the lease term. You don't get that with a purchase or finance. If the residual is less than FMV, you purchase. If FMV is less than the residual, you walk.
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Old 03-07-2014, 06:37 AM
  #25  
Zohan
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Originally Posted by docjohnM View Post
This is an interesting poll for semi-scientific reasons!

A year or so ago, I read that Porsche leases approx. 60% of it's vehicles. (I thought the number was 63%, but can't remember) This is in line with most luxury brands. (I think the article said BMW had the highest leasing rate)

This poll produced the opposite of those stats.

I wonder if people who lease tend to be less involved on forums. Or the leases are predominantly NOT 911 models.

Something interesting to think about!
As you stated this is not a scientific pull.
If I recall it my statistics this is something called "sampling error" - the sample of polls participants is not representative of the general Porsche buying public. IMO 911 buyers are true Porsche fanatics and of those the once participating in a forum are even more so.
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Old 03-07-2014, 06:46 AM
  #26  
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Originally Posted by daddyscar View Post
Who do you think will respond more on a Porsche 911 forum? All cash or loan/lease guys? Notice how each loan/lease response has to explain why they didn't pay cash. If you did a ***** size poll. You'll get a 99% turn out from the well endowed that just respond "12". But a handful will respond "4, but it's really cold out and I have three children" skewing the true average.
As you probably know 911 owners get 12" *****. You buy 911 .... Next morning BAMmmmm 12" tent. Or is it our smugness that doubled in seize? I don't know.

Reporting error" here is minimized with anonymity of the roll.

as i usually tell myself - if can't afford it i dont need it.
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Old 03-07-2014, 09:00 AM
  #27  
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Once you've lived a no debt lifestyle, there's NO going back.

As for *****, It's always better to be a grower, not a shower.
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Old 03-07-2014, 11:44 AM
  #28  
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Originally Posted by daddyscar View Post
Who do you think will respond more on a Porsche 911 forum? All cash or loan/lease guys? Notice how each loan/lease response has to explain why they didn't pay cash. If you did a ***** size poll. You'll get a 99% turn out from the well endowed that just respond "12". But a handful will respond "4, but it's really cold out and I have three children" skewing the true average.
Same responses on any other car forum. Never really understood the need for these polls (although I play along), and all answers are always predictable... lease or cash. If you go to an M3 forum it is even more ridiculous.
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Old 03-07-2014, 12:03 PM
  #29  
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Originally Posted by LexVan View Post
Once you've lived a no debt lifestyle, there's NO going back.
this be true for me. If I can't comfortably absorb an item with cash, it doesn't get purchased. House, car, whatever. Outside of a recent-model Porsche, I live fairly simply.
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Old 03-07-2014, 12:19 PM
  #30  
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gone now, but i couldnt pass up on a 4yr at 1.99%
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