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Originally Posted by yrralis1
Actually the SL Mercedes lease is a bigger loss for your friend because his lease terms are so rigid and MB is so inflexible that by the time he's done he might just feel that he was financially crucified . If he's in his early 30's it's tender age to learn a tough lesson but education is expensive .
In my opinion Porsche leasing has never been strong . It's only in recent times that Porsche is testing the waters dabbling in this BMW type of attention deficit consumer lease program . No wonder they are nervous .
Just as Porsche is a traditional car most of its buyers want to make a commitment to the car beyond the typical three year pump and dump of a lease . That commitment usually means buying the car . CPO programs are up and they are on the rise . That's where Porsche has strength and if they see it they will advance the program even further.
Speaking for myself -I have never leased a Porsche . I want to own the car . I want to capture my small piece of automotive history and have my name on the title .
If that means that not everyone can have the car in a flea market lease transaction then it is my opinion that those who do attain them can even cherish more what they have.
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I don't agree with you on him being "financially crucified" by MB; he received over $30k off sticker and his lease terms are fantastic for someone who wants to drive a brand new car for 2-3 years and dump it afterwards.
I also am not sure if "most of its [Porsche's] buyers want to make a commitment to the car beyond the typical three year pump and dump..."
I'd say MOST people want to drive a brand new car for a few years and then get another one. Unless you're driving something rare and exotic such as a CGT or GT2, what's the point of keeping it for 6 years?
It's also evident in the classifieds and on the web; a lot of Porsche owners are getting rid of their '07 and '08 cars already because they want "the latest and the greatest." There's nothing wrong with that, rather, that's good commerce, the more vehicles that can be moved, the better it is for the auto manufactures.
To each his own, but I never understood people who finance vehicles for 72 months... All of the GM, Chrysler, Ford promotions at the moment -- finance a vehicle for 0% for 72 months -- Really? Who in their right mind would want to pay off a PT Cruiser that will be worth $1,500 at the end of the 72 month terms. Not to mention the 6 years of monthly payments... It just doesn't make sense to me.
I don't think Porsche will ever "open up" their lease programs like BMW and MB because their vehicles are generally more expensive but at the same time they need to face reality and understand that they might just bite the dust like one of the greatest automobile manufacturers in the world did: GM.
It's just really simple economics; you are a car company and you sell/lease/finance cars. If you don't do that and your inventory keeps piling up, you'll go bankrupt. No matter how much profit you make per vehicle.
Not everyone can afford a Porsche, but those that can should have the red carpet rolled out for them.
I feel that Porsche's current financial situation is entirely the fault of Wendelin Wiedeking, who I find to be a complete idiot, even though he might have "saved" Porsche in the past. From the VW situation to the current sellout to Qatar; Porsche is in major trouble and their "leader" is primarily responsible.
I sincerely hope that Porsche figures out it's mess but when you as a car company are not leasing/financing cars while your competitors are, you need to sit down and re-think your strategy. Otherwise, you're doomed and will become another arm of VW, where the Jetta and the Panamera will start sharing parts... And nobody wants that now, do we?
My 0.02 Cents.
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Originally Posted by 500
Wow I almost bought an 09 SL63 about a week or so ago because of a $40k discount and a good purchase plan1.9% apr...but there were no good lease programs that I found...what did your friend find for a lease?
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I believe he received around $29-30k off sticker, $0 down, for a black/black SL63. It's an amazing car and sounds unreal.