Mountain Lion-
What Bay Area CU are those rates from?
Those rates are from Stanford Federal Credit Union.
Cool, thx man
Paying $55K for a 3 year lease on an $80K MSRP car is insane. Period.
Second, spending $80K on a Boxster is doubly insane when a 2-3 year old 911 can be had for the same money and is an exponentially better car that is already well along the depreciation curve.
I’ve owned several Porsches, never a new one. I always get an inkling to go new, then thankfully my left brain puts an end to that silliness 
Dammit, clearly I F’d up then, shoulda gone 911 CPO.
The best CPO I could find on a sub 15k mile on the odometer 2017/18 Boxster S was $140 less per month (including lease end protection $1158/month). They wouldn’t offer the 50K maintenance plan though (cost me an extra $100/month) so I decided having the maintenance plan, as well as new tires/brakes/engine/car smell/car was worth the extra $140 a month.
Next time I’ll have to more thoroughly research a 911 CPO and pray to god I don’t get it in the ace on the maintenance the way I did on my last 3 year old BMW CPO. (Got a $59k MSRP 2008 335i Convertible in 2011 that cost me $1.25/mile all in over 4 years that I could have leased brand new for about $.90/mile all in.)
Ps. New tires + brakes on the 2019 Boxster S at the 20/25k mile mark is about $5000 here.
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People will always argue, “911 or nothing,” when it comes to Porsche.
Frankly, you’ll find 50% of people who agree and 50% who don’t.
After tracking a 911 T and Cayman GTS against one another, I actually preferred the Cayman.
The Boxster S has a fantastic engine, and it may be a more fun drive than a base 911? Haven’t driven one. Don’t know.
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No problem with the car choice. The math used to get there stinks.
Instead of thinking “I’ll outsmart the naysayers” prob should’ve just asked “hey this is what I’m thinking, it’s not the popular opinion but what’re your thoughts”
It’s all Gucci tho. If you can afford the car you can afford the lesson. Live and learn
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I’m not a 911-or nothing guy. I’ve owned a 928 and 944 along with 911s. I’m hoping to convince my wife to get a Cayenne when her lease is up next year.
But for the same price, IMHO a slightly used 911 > Boxster. Obviously, YMMV. And also depends what you care about. Porsches have an obscene amount of options that can be added. In some cases a loaded Boxster will cost more than a base 911. So do you care about going fast or do you care about having a lot of buttons on the console? For me, it’s the former, since every one of those buttons is linked to extra weight and extra things that will break. That is one thing I hate about where Porsche has gone over the past 20 years. Went from pure sports car to luxury car that happens to go fast.
What about a base 911 v a Boxster S?
Just speaking in hypotheticals.
I haven’t compared the two
“That being said if you are in a position to spend 56K on a 3 year lease you are probably wealthy already and money is a secondary concern.”
For some reason can’t quote in my reply…
The OP basically argued that he did all this to save $1K vs buying. Wealthy people don’t do that. They go buy or lease the car they want and don’t swear $1000 difference over 3 years.
OP can do whatever he wants, his money after all. But generally speaking, people who spend $1400/mo on a car aren’t wealthy. You don’t build wealth by financing an $80K depreciating asset. I know a several truly wealthy people, as in if they never worked another day in their lives, they’d be fine. And none of them drive brand new $80K cars. People who drive new $80K cars want to believe they’re wealthy, or want others to think they’re wealthy. Or they’re Silicon Valley dudes who are already spending their IPO money, before going public But they’re most likely not actually rich.
Ironically, rich people will buy the $80K used car from the middle class person who ate 3 years worth of depreciation. That’s why middle class people stay middle class while rich people get even richer.
Here is some interesting research on the subject:
What a ridiculous remark.
Unless a car is a collectors item, no car purchase would make sense according to this statement. If a person, whether wealthy or not, pays cash, finances, or leases a car, it will depreciate.
So truly wealthy people don’t spend money on depreciating assets and consumables? Vacations?
For many, “wealth,” is not solely defined by how much money is in ones bank account. It is family, friends, life experiences, etc…
If you don’t spend money on those things, what’s the point of making any?
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This has devolved into a slickdeals thread
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These people need to get a dictionary, because the word has a specific meaning.
Define it for us then, Got rid of the old dictionaries long ago…Along with my entertainment center.
While you are there, look up “sarcasm.”
Ahh yes an abundance of something.
So obviously, it’s already been covered, but your interest (looks like it was the ‘average’ rate on bankrate) is quite high. You can easily get around 2.99% - 3.49% through any one of a number of CUs. So you’re rate is likely high by half again. If you can qualify for tier 1 for PFS lease, you’ll qualify for the top rate at any CU. So cut about $2k from you interest cost and we’re already at nearly $1450 in favor of purchase. Then consider that a 39-mo lease obligates you to year 4 of registration of which you only get 1/4th of the benefit (3mo of 12), probably $600 for a year, so that’s another $450 as with a purchase you can trade in at 35-mo or even 47-mo. So about $1900 in favor of purchase. Then consider that the disposition fee at lease end of $595 which doesn’t seem to be included here. Lastly, it’s probably not unlikely you can get a few grand higher than trade in with an easy’ish private party sale, so that’s probably another $3500 or so, maybe more.
So in the end, if you purchase, you’re probably saving $2,500 at a minimum and possibly over $6,000 through the effort of a private sale. Weigh that against the advantage of the lease that if the car is in an accident, etc, that you can just dump it with little concern over the vehicle’s current value. So in the end, it’s really a matter of preference, but it’s a fairly tenuous argument to say that the lease is purely the most cost effective option.
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I have nothing against your comment, but I love how people who’ve heard that driving a cheap car is the way to go if one wants to build wealth go to the Ford or Honda dealer and drop 500/month on a Fusion or Accord lease (of course with 2K down). And then there are the leasehackrs who drive BMW 5 series loaners for 350/month. Everything is very relative and it’s not what you drive but how much you paid for it.
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You’re completely moving the goalposts. We all know what wealthy means in the context of this discussion. And it’s not how many friends you have.
I got an E300 loaner lease for my wife and it costs less than what most people pay for an Accord. So yes I agree.