Possible New Owner Seeking Help
Registered User
Joined: Apr 2006
Posts: 5,260
From: Austin
Rep Power: 770
This is the main reason I came to this forum because I like to do my homework before buying anything honestly. When I say save money it's more in the sense of get my moneys worth not to nit pick.
I have personally never leased a car but notice when I was buying my wifes car brand new that they lease options were very reasonable and made it worth it if you are going to change out your car every 3 years or so. That is the main reason I was asking in regards to the Porsche. The coefficient factor for the lease is sometimes really good and drops your payment hundreds of dollars if not more.
I personally have always bought my cars used as I stated in one of my previous post but wanted to see how it works in regards to this car. My first option was to find a used one and just get it out right at the end of the day.
The Aerokit on the 997 is $5990 according to Porsche USA when i was pricing out a 911S. I personally didn't want to get PDK but rather was inquiring on it vs Manual. I personally love the manual gearbox but if there were any issues I would be running into then I would want to know. In essence I am trying to learn from other owners as the benefits and complaints on every aspect of the car.
I love modifying cars and have done a lot to the M5 but I am looking to not do much to the Porsche if I get it. I just love the Aerokit and that's one option I would love to have on the car or add on after I get one for sure.
So if you take my post as if i am trying to save money like be frugal that's not so much the case. It's more about getting the best bang for the buck and making sure I soak up enough knowledge to go in there and negotiate a great price for a most likely used Porsche at the end of the day.
Thank you again for all your posts.
I have personally never leased a car but notice when I was buying my wifes car brand new that they lease options were very reasonable and made it worth it if you are going to change out your car every 3 years or so. That is the main reason I was asking in regards to the Porsche. The coefficient factor for the lease is sometimes really good and drops your payment hundreds of dollars if not more.
I personally have always bought my cars used as I stated in one of my previous post but wanted to see how it works in regards to this car. My first option was to find a used one and just get it out right at the end of the day.
The Aerokit on the 997 is $5990 according to Porsche USA when i was pricing out a 911S. I personally didn't want to get PDK but rather was inquiring on it vs Manual. I personally love the manual gearbox but if there were any issues I would be running into then I would want to know. In essence I am trying to learn from other owners as the benefits and complaints on every aspect of the car.
I love modifying cars and have done a lot to the M5 but I am looking to not do much to the Porsche if I get it. I just love the Aerokit and that's one option I would love to have on the car or add on after I get one for sure.
So if you take my post as if i am trying to save money like be frugal that's not so much the case. It's more about getting the best bang for the buck and making sure I soak up enough knowledge to go in there and negotiate a great price for a most likely used Porsche at the end of the day.
Thank you again for all your posts.
Registered User
Joined: Apr 2011
Posts: 10
Rep Power: 0
I just can't wait until 2013 or when the 991 comes out. That's when I plan to ****** up my very first 997.2, S, if I can afford it. Personally I would want Sport seats (for sure) and Sports Crono. But that all depends on what's used out there, I guess. As for Manual vs PDK, heard PDK was amazing, but never driven one. But I think for me it comes down to whether the lady wants to drive it, because she cannot drive Manual. But also price, because if it's within a few grand, sure. But if I can save over 5 grand by getting a Manual, I'm getting the Manual.
Thread Starter
|
Registered User
Joined: May 2011
Posts: 105
From: Orange County, CA
Rep Power: 20
I just can't wait until 2013 or when the 991 comes out. That's when I plan to ****** up my very first 997.2, S, if I can afford it. Personally I would want Sport seats (for sure) and Sports Crono. But that all depends on what's used out there, I guess. As for Manual vs PDK, heard PDK was amazing, but never driven one. But I think for me it comes down to whether the lady wants to drive it, because she cannot drive Manual. But also price, because if it's within a few grand, sure. But if I can save over 5 grand by getting a Manual, I'm getting the Manual.
That was the main thing I was looking at in regards to the PDK, if the wife would ever drive it. Which I think won't be the case so I will go with manual at this point.
I am looking around now but probably will wait till the new one comes out so the 997 will have a bit more knocked off the price.
Registered User
Joined: Feb 2011
Posts: 708
Rep Power: 58
lease on on a new S CAB with msrp around 115 which would be main options
PDK,bose,seats,chrono,Nav,XM..with little money down 2 years your looking at 2 grand a month in payments with 12k miles a year. so about 50k ..buy the same car say for 110k plus tax 10k more in 2 years your looking to get around 85k..but if you have
24k miles on it could be even less,and with 991 coming out could crush that value even more, I think either way if you go new expect to be out 40K+ after 2 years.
some reason they cost more to lease then other cars in the same price range
PDK,bose,seats,chrono,Nav,XM..with little money down 2 years your looking at 2 grand a month in payments with 12k miles a year. so about 50k ..buy the same car say for 110k plus tax 10k more in 2 years your looking to get around 85k..but if you have
24k miles on it could be even less,and with 991 coming out could crush that value even more, I think either way if you go new expect to be out 40K+ after 2 years.
some reason they cost more to lease then other cars in the same price range
Thread Starter
|
Registered User
Joined: May 2011
Posts: 105
From: Orange County, CA
Rep Power: 20
lease on on a new S CAB with msrp around 115 which would be main options
PDK,bose,seats,chrono,Nav,XM..with little money down 2 years your looking at 2 grand a month in payments with 12k miles a year. so about 50k ..buy the same car say for 110k plus tax 10k more in 2 years your looking to get around 85k..but if you have
24k miles on it could be even less,and with 991 coming out could crush that value even more, I think either way if you go new expect to be out 40K+ after 2 years.
some reason they cost more to lease then other cars in the same price range
PDK,bose,seats,chrono,Nav,XM..with little money down 2 years your looking at 2 grand a month in payments with 12k miles a year. so about 50k ..buy the same car say for 110k plus tax 10k more in 2 years your looking to get around 85k..but if you have
24k miles on it could be even less,and with 991 coming out could crush that value even more, I think either way if you go new expect to be out 40K+ after 2 years.
some reason they cost more to lease then other cars in the same price range
Registered User
Joined: Jan 2008
Posts: 9,108
From: South Florida
Rep Power: 529
lease on on a new S CAB with msrp around 115 which would be main options
PDK,bose,seats,chrono,Nav,XM..with little money down 2 years your looking at 2 grand a month in payments with 12k miles a year. so about 50k ..buy the same car say for 110k plus tax 10k more in 2 years your looking to get around 85k..but if you have
24k miles on it could be even less,and with 991 coming out could crush that value even more, I think either way if you go new expect to be out 40K+ after 2 years.
some reason they cost more to lease then other cars in the same price range
PDK,bose,seats,chrono,Nav,XM..with little money down 2 years your looking at 2 grand a month in payments with 12k miles a year. so about 50k ..buy the same car say for 110k plus tax 10k more in 2 years your looking to get around 85k..but if you have
24k miles on it could be even less,and with 991 coming out could crush that value even more, I think either way if you go new expect to be out 40K+ after 2 years.
some reason they cost more to lease then other cars in the same price range
A 115K car can be bought for at least 107 (maybe less) . Two years from now it will be worth 85K .
That's 22K to buy it and 50K to lease it .. using yoir numbers .
I even think he can widen that gap .
I would not say this if he were leasing a BMW or Honda or Nissan , or Lexus .. those manufacturers have lease programs which still can not compete with an outright purchase .. but they reasonable.
Registered User
Joined: Jan 2008
Posts: 9,108
From: South Florida
Rep Power: 529
The Aerokit on the 997 is $5990 according to Porsche USA when i was pricing out a 911S. I personally didn't want to get PDK but rather was inquiring on it vs Manual. I personally love the manual gearbox but if there were any issues I would be running into then I would want to know.
Ideally a person woild buy a car with all the options he desires , pay cash and own it outright , pamper it , and either sell it or trade it to the highest bidder.
I would never suggest skimping on a car but i do urge the person who is working on a budget to evaluate each choice .
For the dollar .. I feel a modestly optiioned new car is your best value AT THIS TIME (if the 997S is "the one")
Another choice if considering the other 997 miodels is a used Turbo. The Turbo is a different buyers market and 07 prices are ideal considering what the car has to offer in terms of HP , reliability, and resale . The Gt1 engine is outstanding and at 82 K or so a used Turbo is really the current day bargain .
Registered User
Joined: Feb 2011
Posts: 708
Rep Power: 58
50K is a lot of dough to rent a car . On top of that he'd have to return the car up to spec and serviced adding more to the 50K .
A 115K car can be bought for at least 107 (maybe less) . Two years from now it will be worth 85K .
That's 22K to buy it and 50K to lease it .. using yoir numbers .
I even think he can widen that gap .
I would not say this if he were leasing a BMW or Honda or Nissan , or Lexus .. those manufacturers have lease programs which still can not compete with an outright purchase .. but they reasonable.
A 115K car can be bought for at least 107 (maybe less) . Two years from now it will be worth 85K .
That's 22K to buy it and 50K to lease it .. using yoir numbers .
I even think he can widen that gap .
I would not say this if he were leasing a BMW or Honda or Nissan , or Lexus .. those manufacturers have lease programs which still can not compete with an outright purchase .. but they reasonable.
also if it gets wrecked and ends up on carfax its even harder to sell..
there is good and bad sides to lease or buy.
Registered User
Joined: Feb 2011
Posts: 270
From: san antonio
Rep Power: 27
50K is a lot of dough to rent a car . On top of that he'd have to return the car up to spec and serviced adding more to the 50K .
A 115K car can be bought for at least 107 (maybe less) . Two years from now it will be worth 85K .
That's 22K to buy it and 50K to lease it .. using yoir numbers .
I even think he can widen that gap .
I would not say this if he were leasing a BMW or Honda or Nissan , or Lexus .. those manufacturers have lease programs which still can not compete with an outright purchase .. but they reasonable.
A 115K car can be bought for at least 107 (maybe less) . Two years from now it will be worth 85K .
That's 22K to buy it and 50K to lease it .. using yoir numbers .
I even think he can widen that gap .
I would not say this if he were leasing a BMW or Honda or Nissan , or Lexus .. those manufacturers have lease programs which still can not compete with an outright purchase .. but they reasonable.
You say the car will be "worth" 85k, but that is nothing more than an educated guess and assumes selling it privately. It will be worth much less in a trade.
Either way, you're either buying a depreciating asset or renting. I look at a lease as paying extra for that option to just walk away.
I'm currently leasing (actually it's a balloon finance with guaranteed buy back) a BMW. I was hit by someone last year and although it was repaired perfectly, it still takes a big hit in resale value. I looked at trading it a few months ago for a Porsche and I was significantly upside down, so will just turn it in at the end of the term. Had I just bought it, I'd be out some money. A big part of that was the HPFP problem, which drives resale values way down, a similar problem could affect the value of any car, as well as the uncertainty in the face of a new model coming out.
Registered User
Joined: Jan 2008
Posts: 9,108
From: South Florida
Rep Power: 529
Your numbers assume one is paying cash for a $100k+ car, most don't do that, so you have to add financing charges back in. Even if paying cash, you still have to account for opportunity cost of the $ you put out.
You say the car will be "worth" 85k, but that is nothing more than an educated guess and assumes selling it privately. It will be worth much less in a trade.
Either way, you're either buying a depreciating asset or renting. I look at a lease as paying extra for that option to just walk away.
I'm currently leasing (actually it's a balloon finance with guaranteed buy back) a BMW. I was hit by someone last year and although it was repaired perfectly, it still takes a big hit in resale value. I looked at trading it a few months ago for a Porsche and I was significantly upside down, so will just turn it in at the end of the term. Had I just bought it, I'd be out some money. A big part of that was the HPFP problem, which drives resale values way down, a similar problem could affect the value of any car, as well as the uncertainty in the face of a new model coming out.
You say the car will be "worth" 85k, but that is nothing more than an educated guess and assumes selling it privately. It will be worth much less in a trade.
Either way, you're either buying a depreciating asset or renting. I look at a lease as paying extra for that option to just walk away.
I'm currently leasing (actually it's a balloon finance with guaranteed buy back) a BMW. I was hit by someone last year and although it was repaired perfectly, it still takes a big hit in resale value. I looked at trading it a few months ago for a Porsche and I was significantly upside down, so will just turn it in at the end of the term. Had I just bought it, I'd be out some money. A big part of that was the HPFP problem, which drives resale values way down, a similar problem could affect the value of any car, as well as the uncertainty in the face of a new model coming out.
Most peole lease are business owners and use the car as a tax break but even with them it's only a three year period . If they kept the car 6 years instead of having to lease another they walk away ahead of the game.
Also .. if their business tanks .. they have nothing . In 2008 as the economy tanked a lot of business owners with leased cars found that out the hard way.
Registered User
Joined: Jan 2008
Posts: 9,108
From: South Florida
Rep Power: 529
I'm currently leasing (actually it's a balloon finance with guaranteed buy back) a BMW. I was hit by someone last year and although it was repaired perfectly, it still takes a big hit in resale value. I looked at trading it a few months ago for a Porsche and I was significantly upside down, so will just turn it in at the end of the term. Had I just bought it, I'd be out some money. A big part of that was the HPFP problem, which drives resale values way down, a similar problem could affect the value of any car, as well as the uncertainty in the face of a new model coming out.
BMW leasing is advanced . Porsche leasing is far from it .
And yes .. in a catastrophic examples the lease individual might win .. like a collision . But if his car is stiolen and he placed a lot of money down , or faces a natural disaster (like flood or fire) he can lose the same and sometimes even more .
Registered User
Joined: Jun 2008
Posts: 350
From: Scottsdale, AZ
Rep Power: 37
I don't feel so bad now! USAA says I've only had 23 cars over the past 33 years! Never leased, never will. I think I had a loan for one about 15 years ago. Don't do that now either. If I can't write a check, I can't afford it!
Registered User
Joined: Feb 2011
Posts: 708
Rep Power: 58
might as well put your money to work.
Thread
Thread Starter
Forum
Replies
Last Post
ModBargains
991 Turbo Vendor Classifieds
1
Oct 13, 2015 03:56 PM
ModBargains
GT3/GT2/GT Vendor Classifieds
1
Oct 13, 2015 03:55 PM
ModBargains
997 Turbo Vendor Classifieds
1
Oct 13, 2015 03:55 PM
ModBargains
997 Vendor Classifieds
1
Oct 13, 2015 03:53 PM