When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
As I mentioned before, I received almost 10% off my brand new build model with no trade in. This was my first Porsche that I purchased for my wife. You should def be able to get a better deal. I enjoyed so much I ordered a 2020 911 from them in May (received 5% off brand new build!!!)
As I mentioned before, I received almost 10% off my brand new build model with no trade in. This was my first Porsche that I purchased for my wife. You should def be able to get a better deal. I enjoyed so much I ordered a 2020 911 from them in May (received 5% off brand new build!!!)
Hi all, what kind of discounts are you seeing on 19 Cayenne S's on dealers lots? I'm getting quotes for 5-7% for highly optioned S's (MSRP around 100-110) in SoCal.
Hi all, what kind of discounts are you seeing on 19 Cayenne S's on dealers lots? I'm getting quotes for 5-7% for highly optioned S's (MSRP around 100-110) in SoCal.
On a lease quote, they gave me a 7% discount from MSRP right off the bat on a '19 Cayenne S priced at around $109k. No doubt, discounted sale prices on leases are easier because there is more room for them to make money other ways. But, it should still give you some guidance. I'd take a look at Edmunds' TMV to see what you should be shooting for.
Discounts should be higher now as we are later in the model year cycle. It's not very smart to pay cash for a vehicle priced this high, assuming you have good credit. But, that's an entirely different discussion.
Disagree, I don't think that it's very smart to finance a depreciating asset. If you can't pay cash for a depreciating asset then you can't afford it. Period.
Disagree, I don't think that it's very smart to finance a depreciating asset. If you can't pay cash for a depreciating asset then you can't afford it. Period.
You are clearly not well-versed in finance. I'll start of by saying, I sort of agree with the latter part of your comment, but I think that there are also a lot of exceptions to that especially if we are talking about less expensive vehicles, home improvement projects, etc. for middle-income households. However, with regard to your comment, "...I don't think that it's very smart to finance a depreciating asset," you couldn't be more misguided. In our low-interest-rate environment coupled with the risk associated with driving a car, it makes perfect sense to either finance or lease a vehicle.
Sticking with financing, Porsche Financial Services is offering 72-month terms for as low as 1.9% APR. With the average S&P 500 return at nearly 10%, it does not make sense to lock up your liquidity in a car. It would make more sense to keep your cash invested and use your income to make the payments. Couple that with the risks associated with driving/owning a vehicle, including accidents, theft, damage, etc. it makes even less sense to pay cash. Inexpensive GAP coverage eliminates the financial risk of a total loss, and leasing eliminates all financial risks.
However, in the case of Porsches, Cayennes especially, leasing might cost you too much due to low residual values and high rent charges, right now at .00290 money factor = 6.96% APR. Lease equity is a possibility, but unlikely. You should use debt to your advantage, and car buying/leasing is one of the best opportunities to utilize it.
I've only purchased one car, and it was a $6k car. Otherwise, finance or lease. There is no reason not to unless you have poor credit or the car is inexpensive/unfinanceable.
You are clearly not well-versed in finance. I'll start of by saying, I sort of agree with the latter part of your comment, but I think that there are also a lot of exceptions to that especially if we are talking about less expensive vehicles, home improvement projects, etc. for middle-income households. However, with regard to your comment, "...I don't think that it's very smart to finance a depreciating asset," you couldn't be more misguided. In our low-interest-rate environment coupled with the risk associated with driving a car, it makes perfect sense to either finance or lease a vehicle.
Sticking with financing, Porsche Financial Services is offering 72-month terms for as low as 1.9% APR. With the average S&P 500 return at nearly 10%, it does not make sense to lock up your liquidity in a car. It would make more sense to keep your cash invested and use your income to make the payments. Couple that with the risks associated with driving/owning a vehicle, including accidents, theft, damage, etc. it makes even less sense to pay cash. Inexpensive GAP coverage eliminates the financial risk of a total loss, and leasing eliminates all financial risks.
However, in the case of Porsches, Cayennes especially, leasing might cost you too much due to low residual values and high rent charges, right now at .00290 money factor = 6.96% APR. Lease equity is a possibility, but unlikely. You should use debt to your advantage, and car buying/leasing is one of the best opportunities to utilize it.
I've only purchased one car, and it was a $6k car. Otherwise, finance or lease. There is no reason not to unless you have poor credit or the car is inexpensive/unfinanceable.
In general I agree with the logic here regarding financing, but I would not run the numbers with an assumption of 1.9% financing and 10% return on investments. Ignoring PFS for a moment, the best auto finance rates from credit unions appear to be in the 3.5%-4% range right now. If that corresponding investment income is subject to say a 40% total marginal tax bracket (not even the highest), you’d need to be making 6%-7% just to break even, which is just a hair below the long-term average return of the market. We’ve been beating that lately, so I’m not sure I would bet on continuing to beat that forever.
So at a 3.5%-4% borrowing rate, it may not be worth the trouble of financing unless the liquidity is beneficial. However at 1.9% (if the loan origination fees are not high) it may be a different story.
I would be curious to hear from anyone that got 1.9 / 72 months from PFS on a 2019 Cayenne. That does not exists that I am aware of (unless something that just started with them).
06-18-2019, 05:15 PM
