kaution321

I just put a deposit on a 911 Carrera S. I wanted to get everyone's take on the age old question on whether it is best to Lease or Buy a 911.

Here are some key highlights to consider when providing your feedback/advice:

- Let us know first your own experience on how you purchased your 911.
- Assume lease option provides a low money factor and high residual.
- Assume buy option consist financing at 0%-0.9% or simply a straight Cash purchase.
- This will be my daily driver and probably drive less than 10k miles per year.
- I can either keep it until the wheels fall off or trade-in for a newer model; no preference what so ever.
- Any questions for me to help with your response please let me know.

Looking forward to everyone's feedback.

disden

Last time I checked short term leases on 991s were pretty cheap. 27 month leases in particular.

Grunty

If you are uncertain about wether it is something you will want to live with, do a shortish lease. You may find it stupid and impractical.

MJBird993

Congrats on your upcoming purchase!

I bought my car. I suggest that you do the same. If you can write-off the lease expense for business, then you should lease. Otherwise, buy it.

Larry Cable

I'm planning on leasing my GTS somewhere between 27-36mths 5-7.5k mi/yr ... dont want to sink all that capital into a ($157k) depreciating asset ...

where are you seeing <1% car loans?

docmalone

I am leery of leases because they can be difficult to get out of early if anything "happens" and you need or want out. Granted, something major happening is a low risk.

Larry Cable

I believe, but I could be wrong that the Porsche leases are very good in this respect.

jem7v

I was told porsche lease you can get out of whenever you want? Also the good leases appear to be on the 911 C2 and C2S. When you get into GTS, GT3, and turbo the difference between leasing and financing becomes a very small gap.

Axxlrod

You can transfer a lease to another party, provided they are approved by PFS.

But, PFS will not remove the original lessee; they will only add the new person to the lease. So you are still on the hook if the new person defaults.

jem7v

So then maybe it was drop the lease and get a new car? Can you do that whenever you want? For example I lease a 991.1 then the 991.2 comes out and I want it. Can I drop my lease and get the new car without penalty?

Rallybagger

I was in this same boat over this past summer in figuring out if I wanted to pull the trigger. My point of thinking was that 1) I have two small kids and needed to see if a "fun car" would fit our family 2) I wanted to stay liquid and invest capital elsewhere when opportunities struck.

Could I have bought the car, sure, but I made the decision that a "trial" period with a 991 was the right thing for me at the time. I negotiated a very fair lease deal on a 2014 which mitigated the premium of a lease over 27 months compared to a new 2015.

Lastly, Porsche has such a great pull forward program currently (realize that they can stop this) for Carerra's that I could be in a brand new 991.2, GTS or even a turbo this time next year. (Currently 12 months they will pull forward)

All those points took me the lease option for now.

Falcigs

Lease the car.

Cars are depreciating assets. Right now porsches sweet spot lease is 30 months as opposed to the 27 month program that it had the previous quarter. Right now porsche financial services is currently offering lease pull ahead up to 12 months with max payment of 2500 a month. Which they most likely will continue to do because they want to increase their sales in the United States with the opening of new points.

If you were to purchase one, your payment would be roughly 150-200 a month more unless you put a signifcant amount of money down.

If you didn't put a good amount of money down(15-30k) you will most likely be upsidedown in the car until some time has passed and the depreciation has passed.

My car is 1 year old and was 98k and is now worth according to Manhiem(auction) about 70-75k depending on miles and options.

I am a sales manager for a dealer and personally would never purchase a car due to this very reason. I hope it helps with your decision.

Jgd

Do you know if the current pull ahead program now applies to 2014 m.y 911s? Checked in with dealer about a month ago and at the time the pull ahead was only for 2013 m.y. Thanks!

signes

What are current lease terms for a 30 month, 10k/yr lease on a C4S?

Falcigs

Right now pull ahead is only for 2013's....I currently have a year left on my 2014 and waiting because we expecting them to continue next quarter.

With porsche financial services the programs are quarterly. So we will have to wait to Jan to find out.