Save you hard earned $$$$$$ and buy a car with some miles on it. If you absolutely have to go new, I would wait for the 991.

 

No one has yet mentioned that if you have a business and can justify business use for the car, you can lease a new car and get a nice tax break (much less tax benefit if you buy it).

Sometimes used cars can also be leased, but the leasing terms don't seem to be as favorable as new cars.

That's why I got a new one, but otherwise I would have loved to save tens of thousands of dollars on a used one with low miles.

 

Get new if you want it spec'd out exactly the way you want, other wise you can't go wrong with a CPO'd car.

 

Please, keep buying new. That way the less fortunate like myself can keep subsisting on the crumbs which fall from the mouths of the rich I will never buy a new luxury car given the massive savings on a car that is several years old. Given the availability of decent warranty coverage and cars that are essentially hermetically sealed by meticulous owners I can't fathom losing 25 grand per car every 3-4 years that I replace them.

 

I had heard this has gotten much more difficulty to write off. I looked into it with a side buisness I have and my accountant basically laughed at me. Apparently it has to be miles directly related to the business. The days of throwing a magnetic sign on the side of your Turbo are over.

 

That's the thing. I don't know if I'll keep it forever. Its hard to say

 

How about a used GTS? Just got my 2011 with 2700 miles on it.

 

You have a link to that car where you bought it? I want to see the pictures.

 

This is just like your coupe vs cab thread, it really depends. My first Porsche was new, but this was in late '08 where the discounts were enormous on new cars. I just bought a used 911, but it only had 1600 miles on it and 3.5 years of original warranty left. Sure it's used, but someone else took the big hit on that one. My dealership is in a wealthy area and always gets a lot vehicles that are less than a year old and barely driven. Since I drive maybe 5,000 miles a year, I'll continue to buy used as new just doesn't make sense for my driving habits.

 

I know the argument between new and used. I used to be totally against use cars. I ordered my e36 brand new with the luxury edition, at the time of order, there were only 4 boston green/biege interior luxury edition e36 M3's. I kept telling myself how special I was. I ordered my MB SLK350 with 6speed manual, and all the options and picked it up in Germany. MB dealers refuse to order any MB's with manual transmission unless it's a special order. This is back when CPO doesn't exist so if did not give me the warm and fuzzy with used cars. If it's a lemon just get rid of it before warranty expires.

 

I have an engineering firm, which requires a good bit of business travel, so our accountant doesn't see any issues with writing it off (and he's a rather conservative accountant). Now if I had an ice cream shop, I guess that would be a different story ...

 

I have discussed this many times . I do NOT to favor it .. especially with a Porsche . With cars like BMW where lease programs are highly advanced it makes more sense but even with that it's debatable.

The reason why most view the lease as a business car as ideal is because they only view a three year timeline . They are constantly ona treadmill to lease another car . Add to this .. there is no guarantee that any business will always staty in business and if it ever fails they lost both the business and as well as the equity in the car . A lot of guys found this out the hard way.

If one buys thye car outright and kept it 6 years instead of 3 he would come out way aheasd of two separate three year leases .. especially with porsche whose lease prices are astronomical .

 

I like the idea of buying the used car first, think of it as a extra long test drive, gives you time to find out what you really like before you lock yourself in on a new one. everyone likes different things you have to find what you really like.

 

My company has been around for over 30 years and going strong, so no issues there, plus the company has enough revenue that the car isn't a large expense in relative terms.

You're right about the "lease treadmill" but we're thinking that we'll very likely buy the car at the end of the lease and thereafter will be able to get further write-offs through the normal depreciation schedule. And if the lease has a high monthly payment, that means lower residual, so more write-off during the lease and less to depreciate if the car is bought at the end of the lease.

 

It's still two tranasctions . Matched up agaist an outright purchase and a 6 year ownership would tilt the scale tremendously away from leasing .

As for business stability .. a lot of things can occur with time . Losing the business is obviously the worst case scenario but even selling the business , partnership breakup , a bad earnsing year , or simply retiring .. leave that lease individual with a rented car .

Also what if the lease owner becomes ill ? then what ? He's locked in a contract ? I don't even like tio sign a phone contract .. much less a 100+K car.

If one adds up the cost of all the lease payments plus the buyout.. despite the residual .. it still costs more than an outright buy.
6 years of leasing two Porsches .. is enough to buy one outright .. The lease individual has nothing . The owner has 50K of equity (using todays pricing on an 06 car) , no mileage restrictions , the pride of ownership , and the ability to customize it, or even sell it on a whim without being held to that manufacturer or their contract .