The CPO route is best, if you are OK with a 991.1

With 15k down on a 85k CPO 991.1 C4S, which is very possible. You can actually own the car in 5-6 years versus having to give it back with reasonable monthly payments at 2% interest rate.

BUT if you are writing it off, the lease could be advantageous.

 

Not connected to leasing, but check out this thread for great buys on 911s: https://rennlist.com/forums/991/8636...k-991-1-a.html

 

Curious where that comes from. I wasn't asked -- never have been that I can remember -- what my income was when I've bought Porsches. If there was any kind of info given it would have been of the "Greater than $XXX" variety, but certainly not my AGI. And of course, I could have just said "$26.3M" or "$75,000" because I felt like it.

So where does he come up with that figure? Surely enough Porsche buyers pay cash or finance elsewhere that any data gleaned from buyers who lease or finance through Porsche would potentially be very flawed, no?

Am I just naive as to my financial privacy?

 

it's smoke and mirrors...BMW financial subsidized their US mkt 3 series ( and 5 series to lesser degree ) leases through the 90s and 00s by setting sky high used market fantasy residuals to offer those ubiquitous $ 299 / month radio and newspaper ad come ons ...which an inside mole said resulted in the parent company eating $ 10 billion dollars (!) over that time period in wholesale losses later at Mannheim auctions across the US , as they were hell bent with MBZ and Lexus to be the #1 luxury brand in total unit sales in the US for media bragging rights before the 2007 sub prime stock market melt down , with its US execs' bonuses tied to that , the hell with the parent's long term bottom line , as most of these regional auto industry sales execs then as now drift from company to company every few years and could care less !
It's a dog eat dog business ( see universal emissions cheating )!

 

yep.

 

I don't see that much of a cost increase at all when you consider that the 991.2 now comes standard with PASM, rear view camera and sensors.....oh and 20 more hp. (all option I would want anyway) It seems like a reasonable price increase to me.

 

There is a post purchase survey that collects all that kind of info if you are willing to answer.

 

This is why data privacy matters. Who in their right mind would tell Porsche how much you make?

 

these days it is not difficult for a smart company to extrapolate a lot of information about their customers without getting it directly from their customers. You can easily correlate public real estate records, DMV records, credit report, and other sources to come up with a fairly reasonable profile of your customer... smart companies know how to extract every penny of disposable income out of your pocket... you can be certain of that.. IMHO.

 

Anyone who finances their purchase/lease through PFS shares this info.

 

PM SENT

 

That is what I'm waiting for, a CPO'ed 991.1 is a great deal right now but the 991.2 is so much better, especially up at altitude. It'll lose 50% of it's value in 3-4 years. I can certainly buy a $150K car but can't justify the deprecation. I've leaned my lesson, brought a $100K Mercedes and can't even get 50% of it back in trade in after 3 years of ownership. That's a nice CPO Boxster S or some serious modification money. Money doesn't grow on trees in this household.

 

Dead on. I have leased 6 BMWs and never has the end residual been even close.

 

I have never leased with a bank, but if they can beat PFS lease rates then it would be great alternative. How much better was it, if you don't mind me asking? I have a C4S with a v260 code , so delivery is around late August so I need to know if I have to stick with PFS sucky rates or not.

 

Folks, unless you're getting a business tax deduction, leasing via PFS is a *bad* option - and I say that as someone currently leasing a 2017 through PFS. The interest rate is 4.8% on the lease - in a low interest rate environment! Yes, the residuals are fairly solid when compared to MBZ and BMW; however, the lack of much movement from MSRP (5-6% in most cases) in combination with the high MF makes the lease less than compelling without a writeoff. If I wasn't writing off, buying the car at 1.99% money (or better yet, buying a 991.1 CPO) makes much more sense.

That being said, my car has a ~$125k MSRP, and with buy rate on the MF plus my discount (and including the residual bump for the prepaid maintenance), my payment is under $1500/month including tax. No cash down other than first month, fees, and prepaid maintenance.

At the end of the day, driving a new-model Porsche will never make good financial sense...you'll never be able to justify it or call it a steal. It'll never be a more sensible deal than what you can get from a number of other marques ($599 Ghibli leases, etc). It's an emotional decision - and I guarantee you that when you're behind the wheel, the last thing on your mind is the poor finances of the situation.