How would you buy a 992? Cash, finance, lease?
#1
How would you buy a 992? Cash, finance, lease?
In considering rising inflation, current interest rates and your individual flavor for risk, how would you smart people buy a $150-160k 992 S or GTS? Pay all in cash? Finance? Lease? (assuming all are equally viable options from a financial perspective).
Downside of cash pay is all capital goes in at once (but you are done, it's a toy after all and not a life necessity, and some would argue don't buy it unless you can buy it in cash)
vs.
Finance- you can leverage some capital for other use, and while interest rates aren't as low as last year, inflation continues to rise and theoretically you'd be paying back with depreciated dollars.
I presume I will "lose" $10k+ in interest, and would need to make up for it by investing that capital which is not always a sure thing. The rising inflation variable is what makes this option somewhat appealing to me but I don't have enough understanding of economics to know whether that's just theory or practical.
Downside of cash pay is all capital goes in at once (but you are done, it's a toy after all and not a life necessity, and some would argue don't buy it unless you can buy it in cash)
vs.
Finance- you can leverage some capital for other use, and while interest rates aren't as low as last year, inflation continues to rise and theoretically you'd be paying back with depreciated dollars.
I presume I will "lose" $10k+ in interest, and would need to make up for it by investing that capital which is not always a sure thing. The rising inflation variable is what makes this option somewhat appealing to me but I don't have enough understanding of economics to know whether that's just theory or practical.
#2
"All capital goes in at once" - if that's all your capital, a 911 seems like a pretty frivolous purchase! Seriously though, cash should be the only answer as debt sucks and 911s retain value/appreciate.
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#5
RL Community Team
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There's a massive thread on this topic from last year...
https://rennlist.com/forums/992/1265...h-finance.html
https://rennlist.com/forums/992/1265...h-finance.html
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AlexCeres (09-04-2022)
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#7
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#8
Race Director
There is not a right answer. It is all a personal choice.
I lease all my other DD vehicles but pay for my toys in cash. If I total her I want to receive a check not write a check
I lease all my other DD vehicles but pay for my toys in cash. If I total her I want to receive a check not write a check
#9
Advanced
Toys = Cash
Appliance/DD = Can finance
You will find "normal" cars have better rates for financing typically anyways (chevrolet in canada still offers sub 3% on 2022 models, porsche I believe is 4.5%).
Appliance/DD = Can finance
You will find "normal" cars have better rates for financing typically anyways (chevrolet in canada still offers sub 3% on 2022 models, porsche I believe is 4.5%).
#10
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I have always paid cash for my toys and a Porsche 911, for me, is a toy.
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Fullyield (08-31-2022)
#11
I plan on paying cash for my C2S. At this later stage of my life I'll pay for convenience, and the spread that I may or may not make with the cash isn't worth it to me.
#12
RL Community Team
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I made good use of the "free" money when interest rates were around 2% or less. In the current environment, I've been spending cash.
#13
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Schwarz992C4S (12-06-2022)
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AlexCeres (09-04-2022)
#15
There's a massive thread on this topic from last year...
https://rennlist.com/forums/992/1265...h-finance.html
https://rennlist.com/forums/992/1265...h-finance.html
Last edited by Triathlonkid; 08-30-2022 at 11:52 AM.