End of lease advice
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Good luck negotiating w/ PFS!! In my experience they absolutely will not negotiate buyout prices. In fact, they so stack the deck against you that it's almost comical. There is a clause in the lease that states that if the appraised value is greater than the buyout they will actually pay you to take the car back. But . . . You have to basically default on your lease (and it turns into a repossession) and then have two or three appraisals done.
As for the CPO, I would consider the amount of warranty work you had. You can probably save a grand or so if you don't drive it much and plan to sell it in 1-2 years.
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Just to be sure I understand, PFS doesn't have the option of forcing you to sell back the car unless you default on the lease, correct?
I just got my 911S cab a few months ago, and have a four-year lease (business tax break). My wife and I absolutely love the car, and chances are high that we'll want to buy the car at the end of the lease and keep it for several more years. It would really suck if Porsche has the option of preventing us from doing that. Looks like I better go back and read the fine print.
I just got my 911S cab a few months ago, and have a four-year lease (business tax break). My wife and I absolutely love the car, and chances are high that we'll want to buy the car at the end of the lease and keep it for several more years. It would really suck if Porsche has the option of preventing us from doing that. Looks like I better go back and read the fine print.
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I'm in the same situation you are. I leased a 09 c4s and only have 5500 miles on it. I was going to sell it but decided to keep it until the 991 turbo or something similar comes out. I threw on a couple mods to scratch my itch and it feels like a new car again. I could have put about 15k in my pocket by trading it in to the dealership but that pocket tends to empty quickly. I decided I'd rather have a pristine Porsche in my garage rather than 15k worth something I would've eventually bought.
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Lease end buy out
My experience with Mercedes was the same as Manifold's - $5,000 off the top without blinking an eye.
Why did they do this ? Because the new body style was out and MB didn't want to take back vehicles with the older body style.
I believe Porsche will take the same position once the 2012 models start to hit the streets - different enough from the 997.2 that any of us with leases rolling out over the next 12-24 might be pleasantly surprised by Porsche's lease end stance.
Why did they do this ? Because the new body style was out and MB didn't want to take back vehicles with the older body style.
I believe Porsche will take the same position once the 2012 models start to hit the streets - different enough from the 997.2 that any of us with leases rolling out over the next 12-24 might be pleasantly surprised by Porsche's lease end stance.
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Right now with residuals fairly low and used 997.2 prices fairly firm, you have almost zero chance of any deal with PFS. Mercedes Benz is not PFS and MB's depreciate like keys out of a plane. Now if 991's cause price drops on 997's - but i seriously doubt it. You are talking 120K for a well optioned 991S vs. $70K for a well optioned low mileage 2009 C2S. I aint paying $50K on top of mine for a marginal improvement. I think those are two different buyers and Porsche 911's arent cranked out by the tens of thousands like MB's.
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If I had it to do over, I'd definitely buy the car. It was my first Porsche, and I wanted the option to get out of it after 3 years. I definitely paid for that option. Now I'm not sure I want to pay another depreciation cost so soon, the 991.2 idea sounds about right, maybe a 991 GT3.
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That is a great price for that car. Buy it and CPO it - all your lease payments are a sunk cost at this point. The decision to buy is a no-brainer. You will likely drive it over the next year or two with very little depreciation hit. And as everyone has said, you know the history of the car.
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Enjoy that car! One of those lease problems, you pay for the mileage upfront. If you are not really confident you are going to drive the miles, you end up paying for them anyway. Many of the Porsche leases are super low miles leases too, to drive the payments down.
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I'm looking for a little advice. I leased a 2009 C2S Cab 6-speed and my lease is ending in October. I've got less than 10k miles on the car. I wish it were more, this car rocks. The buy out price is around $66k (+tax). I've pretty much decided that it's worth it to buy, although if you disagree I'd like to hear why. I figure I've already paid the depreciation cost of a new car and I don't want to extend the lease waiting for the 991 cabs to arrive... The car has a 4 year warranty, so I've got another year left on the warranty after I buy it. The dealer said I can pay $2400 to get the CPO for the car, and that would extend the warranty an additional 2 years (6 years and up to 100k miles I believe). The alternative is an aftermarket warranty around the 4 year mark. So my 2 main questions are:
1) Is it worth it to buy the car?
2) Is the CPO worth it?
Thanks for looking...
1) Is it worth it to buy the car?
2) Is the CPO worth it?
Thanks for looking...
As of upcoming 991 car i would probably wait for first year to see how people will like it.
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