Buzz911S

I see so many Porsche owners on here and I wonder how many of you paid cash for your car, make payments, or lease. Please participate in the poll. It's just my curiosity, but it might prove to be interesting. Tell the truth.....nobody can tell how you voted.

THPorsche

50% Cash and 50% payment

1999Porsche911

Always pay cash on a personal, depreciating asset. If it's for business, in can go either way.

turkish_eyebrow

I run it through the firm, so I lease it. In 2008 it will be time for a Euro delivery Turbo Cab S

Speed

I pay cash but I finance through my home equity line of credit. My interest rate is .25% below prime and the interest is tax deductible. It's the cheapest way to finance a car purchase. Under the terms of my line of credit, I just have to pay interest for ten years, but I make sure that I pay it off over three years.

lawjdc

Ca$h

rmklaw

I financed the C4s purchased last week. I was able to get 4.5% interest rate.

boolala

Cash but my next one will probably be leased.

zakki

Cash is always easier in the long run

Sobe

Black American Express card so I get the miles ...............

Porky

In Japan the interest rate is 1.9% - if you have USD 130,000 (Price of 997 here) you can make more than the interest you will pay on HP - if you any brains : )

Wazoo

Lease

Chris C.

Provided you're not over leveraged, it's generally better to use OPM (other people's money) and keep your dollars working for you...particularly with prevailing low interest rates

To each their own, but I wouldn't be throwing after-tax cash into a depreciating asset.

canick

Because it's through my busines, my '06 C2S will be leased for tax purposes. If I decide to keep it after the lease (based on FMV and whatever else is available) then I, personally, would buy it for cash and keep it outside the business.

If I was personally buying a new car today, how, would depend on the interest rates. I am getting a good return for my money through my business so I would rather finance the car at today's rates and get a better capital return elsewhere. If you don't have other investment options then pay cash and avoid losing money on interest you can't deduct (unless you're using your home equity which is only wise if you're overall debt levels are in check and your income secure).

It all depends on just how much cash you have, if the purchase would make a signigicant impact on that, and what other investment options (opportunity costs) you would be passing up.

BiggerTwin

A depreciating asset isn't an investment but an expense. A Porsche will cost you money to own and the trick is figuring out the cheapest way to do it. With a municipal bond fund returning over 6% tax free and an auto loan under 5% it is best to use other people's money instead of your own at today's rates. That said, when my car comes in next month I will have to weight interest rates and my liquidity needs to figure out how I will pay the dealer so I can take my car home.

Alan