Thanks for the suggestions. The main purpose of the lease is to change cars. maybe not in 6 months but in a couple of years. However, i learnt today the porsche financial does not transfer leases. Or if they do, you remain a co lessee and liable if the new owner does not pay. That upsets the card a little.

in canada its a different ball game. the price of the car is 130k +taxes.
Which equates to 147k for the c2s and you pay about 90k for the 3 year period. 108k for 4 years with a buy out at 60k+tax. so total interest cost over 4 years is 28k

 

You have another option to get out of a lease early--sell the car at or more than the current buy-out and you are good to go. As someone already pointed out earlier in this thread, if you do keep the car to the end of the lease term, then its a good idea to get trade in or purchase values (carmax, etc) before lease end because you may actually make money if you sell it outright before simply turning it back into Porsche at the lease end (I believe that Porsche also charges a $300 fee when you turn the car back in unless you lease another Porsche)

 

DING DING DING you got it right! I don't know why anyone would tie up $100k plus in an auto (clearly no investment potential) when you can keep all that extra cash working for you in real investments while financing or leasing
Whoever would say that "affordability" is based on paying cash up front or not for a car is crazy and doesn't understand the basics of return on investments

 

Agreed ! Thanks. Going for it. Leasing

Wow. Excited. Will post pics soon.

 

Wow Downtown Porsche has quite a few cabs in stock, guess these just game:

http://dfcporsche.com/new/Porsche/911/search.php

 

That can only work if you buy used. There is no way you'd break even buying a new. That said, why would anyone tie up their cash in a depreciable asset when the money can be working for you? Finance charges are like 2.9% these days, which are negligible.

 

I found that when I was looking for a 997 back in 2005 many of the cars on the dealers' web sites were already spoken for because their inventories showed cars on hand, cars in transit, and customer ordered cars. Some might think that there are a lot of unsold 991s out there when the search dealers' inventories, but that might not actually be the case.

 

Some people lease because the depreciation on a car that weighs less that 4,000 lbs (I think thats the number) has a useful live according to the IRS of 30 years. But a lease can be expensed in the year its paid. SO if your acquiring under a company that you may own the after tax cost of a lease is much cheaper.

Hope this helps.

 

Agree. For companies, cars can only be depreciated only So much per year whereas leases can typically be expensed in full.

 

I enjoy watching her deny people.

I wonder if she would deny forum members here.

I don't watch her show religiously...so please correct me if I am wrong. But I believe she always says that people should always buy their cars and should never lease them.

 

Paid cash for my car. Cash came from an investment I made. Hummmm.

 

That's precisely P-Car Fan's point. Why did you tie up your cash instead of doing it again?

 

Because I'm not Warren Buffet! Got lucky with Apple! Next time it might be a loss? The Opportunity Cost of Capital in this market is probably 3-5%. Porsche raises its prices by that amount each year. I plan on holding this car for at least 9 years. No way would 3- 3 year leases be cheaper. + I don't need to drive a new car every 3 years. That hit is probably $15-20K each time.

 

If by investing you mean tossing the dice in the stock market, I agree with your decision. Many people, however, have investment opportunities which yield well into double digits, and tying up capital in cars makes no sense. The length of ownership is irrelevant since you could always lease for three years and buy at the end.

 

Not my quote...but I like it

"For me, i have the concept that you are actually renting the car as you will sell it one day so the value you lose is what you paid for rent."