How did I do?
#17
Rennlist Member
Sounds like a decent deal. Porsche money factors are high, so you cannot expect the same proportion of $lease/msrp as the mass market brands, particularly Mercedes. If it's not too late, take a look at the Penfed loan products. Worked out well for me, lower payments and I should have significant equity at the three year mark, when either I'll pay it off, or get into a 992 if it's to my liking. By they way, if you do lease, you can be in the 992 in 33 months, easy. Porsche will pull you ahead, so that may be a good reason to keep your lease deal.
#18
#19
Rennlist Member
Personally I like to lease because I can write part of it off, but just as importantly if some bimbo (male or female) slams in the back of me while checking their Instagram or Facebook status I don't have to worry about the massive hit I would take. I live in a very congested area and this has already happened to my X5M and Cayenne Turbo. That's why I lease and it has saved me tens of thousands....
#21
Rennlist Member
Q) How did I do?
A) You ended up with your dream car at a price you are happy with... I'd say you did great!
And you can drive it 10k miles per year! 32,500 miles is in a little over 3 years is a very nice plus. Use them all!
A) You ended up with your dream car at a price you are happy with... I'd say you did great!
And you can drive it 10k miles per year! 32,500 miles is in a little over 3 years is a very nice plus. Use them all!
#23
I leased a 16 base cab with plenty of options for similar numbers. Yes, it's expensive, but what part of Porsche did you think wouldn't cost a lot of money? To me, the thought of driving it back to the dealership in 30 months and handing them the keys was worth the expense of leasing. I may even lease a 2019 at that time, or buy a 14 Turbo S. Who knows, but I have lots of options even if it costs a lot. Congratulations and welcome to the club.
#24
Race Car
Personally I like to lease because I can write part of it off, but just as importantly if some bimbo (male or female) slams in the back of me while checking their Instagram or Facebook status I don't have to worry about the massive hit I would take. I live in a very congested area and this has already happened to my X5M and Cayenne Turbo. That's why I lease and it has saved me tens of thousands....
#26
#TeamLex
$57K to rent a car for three years -- yikes. I bought a higher sticker price 991S than OP's, and own it outright for a few grand more than he's going to pay in rent. Just doesn't seem like it makes financial sense. To each his own, of course. I guess I never appreciated the value some people place on not having to sell or trade in a used car.
$57K to rent a car for three years -- yikes. I bought a higher sticker price 991S than OP's, and own it outright for a few grand more than he's going to pay in rent. Just doesn't seem like it makes financial sense. To each his own, of course. I guess I never appreciated the value some people place on not having to sell or trade in a used car.
#27
Rennlist Member
Leased a 2017... Dream car! Super excited. 39 months, money factor .002, 2500 down and 1399 a month. Sticker 109,000 and selling price 103,000.
How'd I do??
Also basic maintenance pack adds 11$ a month. Obviously pays for itself but can I do better? Have a few days to decide.
So excited to be a part of the community!
How'd I do??
Also basic maintenance pack adds 11$ a month. Obviously pays for itself but can I do better? Have a few days to decide.
So excited to be a part of the community!
#28
Pro
So, for a 39 month period, you're going to rent a $103,000 Porsche 911 for $57,100???? I could never stomach stroking a monthly $1,400 check to drive a car.
Next time, setup an account and save $1,400 per month. Then in about 3-4 short years, take the money out, and go pay cash for a lightly used 911. You'll own it.
Congrats on renting your dream car, I just challenge you to dream a little different in the future. Sorry for the lecture, now go clean your room.
Next time, setup an account and save $1,400 per month. Then in about 3-4 short years, take the money out, and go pay cash for a lightly used 911. You'll own it.
Congrats on renting your dream car, I just challenge you to dream a little different in the future. Sorry for the lecture, now go clean your room.
And to the Op - Congrats on your new Car - Great news and please post pics of the new ride.
#29
Rennlist Member
Join Date: Aug 2016
Location: S Carolina coast & N Carolina mountains
Posts: 1,785
Received 159 Likes
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114 Posts
#TeamLex
$57K to rent a car for three years -- yikes. I bought a higher sticker price 991S than OP's, and own it outright for a few grand more than he's going to pay in rent. Just doesn't seem like it makes financial sense. To each his own, of course. I guess I never appreciated the value some people place on not having to sell or trade in a used car.
$57K to rent a car for three years -- yikes. I bought a higher sticker price 991S than OP's, and own it outright for a few grand more than he's going to pay in rent. Just doesn't seem like it makes financial sense. To each his own, of course. I guess I never appreciated the value some people place on not having to sell or trade in a used car.