I'm looking for a little advice. I leased a 2009 C2S Cab 6-speed and my lease is ending in October. I've got less than 10k miles on the car. I wish it were more, this car rocks. The buy out price is around $66k (+tax). I've pretty much decided that it's worth it to buy, although if you disagree I'd like to hear why. I figure I've already paid the depreciation cost of a new car and I don't want to extend the lease waiting for the 991 cabs to arrive... The car has a 4 year warranty, so I've got another year left on the warranty after I buy it. The dealer said I can pay $2400 to get the CPO for the car, and that would extend the warranty an additional 2 years (6 years and up to 100k miles I believe). The alternative is an aftermarket warranty around the 4 year mark. So my 2 main questions are:

1) Is it worth it to buy the car?
2) Is the CPO worth it?

Thanks for looking...

 

I would buy the CPO, it gives you a piece of mind.

Enjoy the car

 

IMHO:

1. Buy it out!
2. CPO it (peace of mind).

You'll still be money ahead and you know it's complete history from new. Should you decide to sell later, transferable Porsche CPO will add value for the next Owner.

G/L on your decision.

 

That's a good buy out price, especially given the current used car market. Go for it! I would do the CPO also.

 

Go for it and wait for the 991.2

 

You can't pass that deal up! That's a real good price. Regarding the CPO, you know the car better than anyone. Has it had $2,400 worth of non regular operating repairs in any two year period in which you have had it?

If decide not to do it can you assign the buyout to a third party? I bet someone would pay you a premium for that buyout price

 

Thank you all for the your replies. I thought I was on the right track, but now I'm sure.

 

A few things to consider:

- The low miles are a big plus. It's almost a new car.

- You're the one who drove the car, which is much better than getting a used car with an unknown history. That's worth some dollars in itself.

- Have you tried negotiating the buyout price with them? I did that several years ago with a Benz, and they dropped it by $5K - an offer I couldn't refuse.

- If the buyout price is lower than book value (check Edmunds, Kelly Blue Book, Autotrader, Cars.com, etc.), you may be able to drive the car for another year or more and then sell it while taking little or no loss.

Good luck!

 

return it and continue to save to get a fully equipped 991 C4S....

 

lease a new one.

 

If you add up all the lease payments with that 66K buyout price it's quite an expensive 09 car . Even though the buyout price is under the market value I feel you could have saved if the car was bought outrighht on day 1 . Now it's two transactions on the same car .

Nonetheless ... CPO plus 66K on a 10K mile car that you know the entire history .. sounds appealing . Good luck !!!!

 

If I had it to do over, I'd definitely buy the car. It was my first Porsche, and I wanted the option to get out of it after 3 years. I definitely paid for that option. Now I'm not sure I want to pay another depreciation cost so soon, the 991.2 idea sounds about right, maybe a 991 GT3.

 

Good luck negotiating w/ PFS!! In my experience they absolutely will not negotiate buyout prices. In fact, they so stack the deck against you that it's almost comical. There is a clause in the lease that states that if the appraised value is greater than the buyout they will actually pay you to take the car back. But . . . You have to basically default on your lease (and it turns into a repossession) and then have two or three appraisals done.

 

At 66K plus the price of the CPO and being under the mileage of the lease makes your current car a great deal . Since the car is rather new in terms of mileage wear and has the entended warranty of CPO waiting for a 991.2 buys you time in a great car .

 

Just to be sure I understand, PFS doesn't have the option of forcing you to sell back the car unless you default on the lease, correct?

I just got my 911S cab a few months ago, and have a four-year lease (business tax break). My wife and I absolutely love the car, and chances are high that we'll want to buy the car at the end of the lease and keep it for several more years. It would really suck if Porsche has the option of preventing us from doing that. Looks like I better go back and read the fine print.