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Old Jan 7, 2014 | 02:02 PM
  #151  
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Originally Posted by stealth.pilot
Don't think I'll get PASM since it lowers the suspension by 1cm, and without PASM and PDCC, not sure Sport Chrono adds anything except a stopwatch. Does PASM also make the ride softer or stiffer when in comfort mode?

Maybe I should look for a car on the ground then. What kind of a discount can I get? Jim Ellis has one but it has a MSRP of 129500 and they will only take off 5k. Also its a C2S not a C4S.
Sport Chrono gets you the dynamic engine mounts, which make a difference in the stability of the car at the limit - you stop the heavy motor from sloshing around in the back end.

The S comes standard with PASM, Sport PASM is an option. S is 10mm lower than a regular C4, and the Sport PASM is 10mm lower than that. I dislike the feel of the car with PDCC, it doesn't roll much at all as is and PDCC numbs some of the feedback from the car. YMMV, some people really like it, but with the 991s slightly numb steering already, I wanted all the butt information I was going to get.
 
Old Jan 7, 2014 | 02:25 PM
  #152  
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Originally Posted by kitw
Sport Chrono gets you the dynamic engine mounts, which make a difference in the stability of the car at the limit - you stop the heavy motor from sloshing around in the back end. The S comes standard with PASM, Sport PASM is an option. S is 10mm lower than a regular C4, and the Sport PASM is 10mm lower than that. I dislike the feel of the car with PDCC, it doesn't roll much at all as is and PDCC numbs some of the feedback from the car. YMMV, some people really like it, but with the 991s slightly numb steering already, I wanted all the butt information I was going to get.
Thanks. That makes a lot of sense. In that case I'm fine with regular PASM but I need the Sport Chrono package. Weird they would name such an important package after a stopwatch.

Agree with you on skipping PDCC. It makes sense on a sedan but makes no sense on a sports car. See this review of PDCC by Autocar which makes same point you said.

http://m.autocar.co.uk/car-review/po...carrera-s-pdcc
 
Old Jan 7, 2014 | 02:41 PM
  #153  
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Originally Posted by grouch
This may be a simplistic question, however what MSRP/discount would a C2S have to fall under to get a payment of around $1000/month? For instance, the 7MT C2S I configure is around $110k. Figure 8% discount and the cost would be roughly $100k. On a 24 month lease with say $4k down, what would that payment be?
I concluded you need 8-10k down on top of a 6-7% discount from dealer to get monthly to 1000.

However thinking about monthly payment makes no sense to me. Thinking about annual cost makes more sense to me.

I'm debating a bit whether to just buy a 1-2 year old 911S. It seems a lot of people are dumping well specced cars to get 991 Turbos and GT3s. TCO of a used one for 2 years is probably better than lease.

Only issue is it seems all of the cars I like on the secondary market have manuals.
 
Old Jan 7, 2014 | 02:43 PM
  #154  
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Originally Posted by stealth.pilot
I concluded you need 8-10k down on top of a 6-7% discount from dealer to get monthly to 1000.

However thinking about monthly payment makes no sense to me. Thinking about annual cost makes more sense to me.

I'm debating a bit whether to just buy a 1-2 year old 911S. It seems a lot of people are dumping well specced cars to get 991 Turbos and GT3s. TCO of a used one for 2 years is probably better than lease.

Only issue is it seems all of the cars I like on the secondary market have manuals.
Thanks for the insight. My company is set up to allow a vehicle stipend of around $800/month on a lease. So therefore leasing is always going to be a preferable way to go for me. Just wanted to know how much out of pocket I'd be if I opted for a C2S.
 
Old Jan 7, 2014 | 02:53 PM
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Originally Posted by grouch
Thanks for the insight. My company is set up to allow a vehicle stipend of around $800/month on a lease. So therefore leasing is always going to be a preferable way to go for me. Just wanted to know how much out of pocket I'd be if I opted for a C2S.
With say $7k discount from the dealer and an MSRP of 120k on a C2S, you would be looking at $1510 in monthly payment on a 10k lease and that is with 0 Down.

To get that to 1000 a month you would need to put down about ~12k. To get it to 800 a month you would need to put down around ~17k.

The point is that you are paying for $32,000 in depreciation and interest on that. More upfront will reduce the interest a little bit, but its still a big sum. 800X27months = $21,600. So your gap is that plus interest.

Still it's a bit like your company is paying just over half the cost for you which is nice.
 
Old Jan 7, 2014 | 03:09 PM
  #156  
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Originally Posted by stealth.pilot
Only issue is it seems all of the cars I like on the secondary market have manuals.
I went from a PDK 2013 C2S to a manual 2013 C4S and the manual is AWESOME. Just make sure to check for overrevs, etc.
 
Old Jan 7, 2014 | 03:51 PM
  #157  
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Originally Posted by kitw
I went from a PDK 2013 C2S to a manual 2013 C4S and the manual is AWESOME. Just make sure to check for overrevs, etc.
Good to know. I'm going to go test drive one at dealer once it's warmer. How do you check for over revs.
 
Old Jan 7, 2014 | 10:11 PM
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yrralis1 glad you bought your Porsche. You propose a lot of what ifs. If you had financed to the car and needed to dump it you would take a loss as well. The same with cash. In a lease you can get rid of the car through lease trader, swap lease etc. as well. With any of these cases the car still depreciates.
Forum member Farbarr presented a "worst case scenario" . I simply added that there might be longer list of potential (what if) scenarios. All of them however hinge on one reality .. a 27 month lease is a contractual agreement . An outright purchase is a done deal . Big difference !!

It is true that a cash purchased car depreciates too . However it is the owner who decides when or if to sell it . Whether the vehicle is owned 10 days or 10 years he gets to choose with complete freedom for any contractual obligations .

The original post presented the option to buy the car at the end of the lease. That would be two transactions on the same car . If he returns it to lease another vehicle he places himself back on the treadmill of leasing . Thats what leasing is .. it's a perpetual treadmill of contracts (of non ownership) and the person who buys a car and keeps it 5-10 years (or more) at least has a tangible asset that he can call his own.

Looking at the two identical cars on day 1 -
a) A leased car represents 27 payments .
b) A outright purchased car represents 122 thousand dollars
 
Old Jan 7, 2014 | 10:18 PM
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In a lease you can get rid of the car through lease trader, swap lease etc. as well. With any of these cases the car still depreciates
Please supply evidence to suport this claim . Please show where it states that the original leasee is free from any liabilities or obligations to "get rid of the car" .
 
Old Jan 7, 2014 | 10:27 PM
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How would you be further entrapped past the 27 months of the lease? The purpose of the lease if to negotiate a car at a monthly rate for a fixed period of time. In this case it would be 27 months.
Are you requesting a "what if" scenario ? There are an infinite number .

1) What if the leasee isn't happy with the car . The only way out is to buy the car and then sell it to free himself of obligations .

2) What if he loves the car and wants to keep it . He has to buy it then too .

Both 1 and 2 BTW comprise two transactions instead of one .

3) What if the leasee becomes ill ? Or what if he dies ? The contract doesn't simply evaporate !!!

I can keep going with more examples .. but my point is that the decisions of that vehicle end up in PFS's hand because a leased car does have an owner .. it's PFS .. not the guy renting it for 27 months !!
 
Old Jan 7, 2014 | 10:40 PM
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Originally Posted by grouch
Thanks for the insight. My company is set up to allow a vehicle stipend of around $800/month on a lease. So therefore leasing is always going to be a preferable way to go for me. Just wanted to know how much out of pocket I'd be if I opted for a C2S.

At first this almost made sense but imagine if they gave the same stipend on an owned car titled in your name . It would take 125 months to equal 100K .
That's ten years or so .

What if they gave the 800 stipend on the leased car but decided to lay off the employee . Then what ?
 
Old Jan 7, 2014 | 10:56 PM
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Originally Posted by stealth.pilot
Good to know. I'm going to go test drive one at dealer once it's warmer. How do you check for over revs.
You're going to want the Bermester, I've found that going from the B&O to the Bose is too much to bear.
 
Old Jan 8, 2014 | 05:19 AM
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Originally Posted by Lllwlf
You're going to want the Bermester, I've found that going from the B&O to the Bose is too much to bear.
How are you speccing yours?
 
Old Jan 8, 2014 | 05:31 AM
  #164  
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Originally Posted by yrralis1
Forum member Farbarr presented a "worst case scenario" . I simply added that there might be longer list of potential (what if) scenarios. All of them however hinge on one reality .. a 27 month lease is a contractual agreement . An outright purchase is a done deal . Big difference !!

Looking at the two identical cars on day 1 -
a) A leased car represents 27 payments .
b) A outright purchased car represents 122 thousand dollars
Under a PFS lease I have the right to buy the car at any time. Does it require a little paperwork and a 10 day lead time? Yes. So unlike many of my other cars where the title is in my gun safe, I can't sell it same day. Can I buy and sell it in the same month, yes. So i can make it a "done deal" anytime I want. You are making it sound like this is only for people that can't afford to buy the car, and (in my case) that isn't at all why I leased this car. This is my 5th Pcar, 3 were cash purchases and this is my second lease.

If you are indicating that people that get these cars (through lease, finance or cash purchase) should be in a position should they so choose to buy outright, I agree. If you can't afford to pay, then don't play. These are great cars, but not worth stretching your financial situation too thin. I see this and leasing as separate issues, seems like you feel they are inseparable.

The good news us we are both comfortable with how we got our respective cars, I guess that us what really matters.
 
Old Jan 8, 2014 | 06:34 AM
  #165  
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I purchased, but w/leasing you only pay the sales tax monthly (if your state has tax).

In my case the sales tax was 9.8%....a sizable chunk here in WA State. If the car depreciates 20%, I lose 20% of that tax number too. We only pay sales tax on the difference in trade in value. In other words if your trade is worth $90K and the new vehicle nets out at $130, you pay sales tax on $40K.

Outright - no trade - full tax on the purchase price.

W/leasing there's always a bank fee isn't there...like around $800? That would
be ugly. I think the interest rate from Porsche is 4.8%...double for what you could get anywhere else.
 


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