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Purchase/lease advice on Cayman S

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Old Jun 21, 2013 | 06:29 PM
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Purchase/lease advice on Cayman S

Hi all, just registered after passing buy a Porsche dealer and seeing a gorgeous Cayman in the showroom.

I've actually wanted a Cayman since they first came out in 2006, but financially it was out of the question back then. The new 2014 looks absolutely stunning and I think I can afford one now, and its siren song is calling me again.

I work in a major city and commute from the 'burbs via mass transit. I also have a daily driver. So a Cayman purchase would be purely for entertainment.

If I drove to work, I would simply go with a lease, no questions, since I'd get a fair amount of utility from the car during the lease period. But since I would be driving it mainly on weekends and maybe a weekday or two, I'm guessing a lease would be a poor financial decision.

However, I'm very hesitant to drop a huge chunk of cash on a down payment (or outright purchase); time value of money and all.

I have heard Porsche also has a low-mileage lease program for people similar to me? Has anyone ever tried this, and are the savings vs. a traditional 10k or 12k mile/year lease substantial?
 
Old Jun 22, 2013 | 05:20 AM
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Originally Posted by SockPuppetry
Hi all, just registered after passing buy a Porsche dealer and seeing a gorgeous Cayman in the showroom.

I've actually wanted a Cayman since they first came out in 2006, but financially it was out of the question back then. The new 2014 looks absolutely stunning and I think I can afford one now, and its siren song is calling me again.

I work in a major city and commute from the 'burbs via mass transit. I also have a daily driver. So a Cayman purchase would be purely for entertainment.

If I drove to work, I would simply go with a lease, no questions, since I'd get a fair amount of utility from the car during the lease period. But since I would be driving it mainly on weekends and maybe a weekday or two, I'm guessing a lease would be a poor financial decision.

However, I'm very hesitant to drop a huge chunk of cash on a down payment (or outright purchase); time value of money and all.

I have heard Porsche also has a low-mileage lease program for people similar to me? Has anyone ever tried this, and are the savings vs. a traditional 10k or 12k mile/year lease substantial?

Hennessy Porsche in Roswell, Georgia is offering the following lease deals on a 2013 Cayman with PDK. $447.00 per month for 24 months, 5,000 miles per year with $6,995 down at closing or $747.00 per month for 24 months, 5,000 miles per year with zero down at closing and first least payment on the dealer.
 
Old Jun 24, 2013 | 07:04 AM
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I cant speak about because Im living out your country, but hope you get your cayman soonest.
 
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