It currently has 52 miles on the clock - not a deal breaker as leasing is the only option I am entertaining. I've had some email exchanges to get the monthly lower

 

I was wondering. My buddy owns an exotic dealership. He told me the 911 is something that I should get 1-2 years old low mileage. I should keep for a year. He said that with the market the way it is I would only lose about $8,000 for the year. That's $666 per month. So my question is why lease? Need advise. Also I asked about the caymen or boxster. He laughed. He said never. Lol.

 

It's an interesting point. I see absurdly high prices on used 2012 C2S. They seem to be selling in 90s which seems crazy when a new is around 110 with a decent discount.

I don't know if the used prices you see listed are just smoke, or if the car really holds the value well.

 

Funny thing is I thought the same. Kbb has them at 75-80k. Black book my buddy uses says the same but he told me that they truly go by the auction prices. Just can't buy it brand new. It would kill me to lose 20k plus. Leasing it at 1400+ would equal to the same.

 

It's not just the calculation based on the money, it's time value and opportunity cost of the money I would use for the car. Can i write a check for the car - yes but why would i want to OWN a depreciating asset when I can "pay to play" for a bit. I will make more on the money I don't use on the purchase of the car in interest in other investments even after the "additional cost of leasing".

This is without the argument of the "work vehicle" write off that can be captured for me as well.

This argument has been beaten to death in my eyes and seems to be a topic on pretty much every car forum. Different strokes for different folks and it is always argued both ways. Leasing caps my depreciation risk and captures, what I perceive as upside, on my taxes towards the "purchase". I don't care to own an asset that will be worth 20-30% less when I slap a plate on it, especially when I can put that capital to work. Since the residuals are so darn high, I can feel comfortable with throwing the keys back to Porsche in 24 months. If they were low balling on the residuals I would just buy the car out and if so inclined sell it for a gain if the market dictates.

Back on topic - I'm hoping to stop by the dealer this afternoon. As of now we're sitting at 8% discount and I think we can make something work, to bad it's pouring out.

 

I think definitely if you can get a tax write off or bill the vehicle out as a business expense leasing is the only way to go. Why buy your own car if the business will pay for you to get a new one every 2-3 years? Seems silly then to own. Unless it is something special that you want to keep for a while like a GT3/GT2 RS when they finally come out. Otherwise no other porsche is special enough to keep long term.

 

Have you looked at the auction prices? I am curious of KBB is right or wrong. If right, then buying used is dominant strategy from TCO perspective.

 

Jut curious I am in Mass. Which dealer? I bought mine in Hartford if you want a Sales guy to contact. Just PM me.

What was the total lease price used for the payment calc?

 

I've complicated things as I found a Rhodium Silver they have with all the same options except sport design package. I can't PM because I don't have enough posts.

The MSRP's are 123,540 and 119,200 between the two. So far we are at a 8% discount plus an additional 45/mo on the final payments.

The payments are 1589 vs 1517 - now it's classy and subtle or flashy and sporty ...

 

I agree on what your saying, but the way I look at it is if you lease at 1400 per month that's 16,800. If I pay cash and sell at the end if the year. It will cost 8-9,000. So really there's no tax benefit that can get me 8-9,000 additional. I like to buy based on the cost to own.

 

I agree with you completely.

I do the same thing.

2012 I drove a $74k 550i for a year and sold it losing only 6k (500 a month). 2013 did a $113k M5 and lost only 800 a month in depreciation. In both cases roughly 50% of the cost of leasing.

If you negotiate a good price and sell privately after a year, you can beat a lease.

I'm trying to figure out if this approach favors buying a new Porsche or a used one. PCNA also has benefit of very low rates: 2.49% on New and 1.9% on CPO.

 

Depreciation schedules have been posted and the brunt of the allowable hits are the first three years of ownership on an accelerated schedule.

You can get almost to those numbers, exactly

But this thread was never intended to be a lease vs buy option, although that's what it has digressed to

 

Good thing you didn't ask PDK versus manual!

I agree with your financing logic - I've BTDT with company leases versus buying, and you sound like you've gone through it all and made a decision.

So, what's up with the car? Still negotiating, or debating between colors?