Porsches kinda have their own rule book. As someone who’s owned a few over the years, I’ve learned to not overthink it. None of them ever make sense on paper because it’s never a good deal in the traditional sense. You’re buying an expensive toy. Think of it as a boat. You don’t need it. It serves no practical purpose. It will cost easily 2x more to maintain and repair than you think. But every time you’re in it you’ll have a big smile on your face.
Oh and also never buy a base anything other than 911.
And that’s the thing! I’ve owned several 911s too but never a lease. I am holding out for a Turbo allocation which is why I thought to just lease in the meantime, but I should have just bought this car from the beginning. I think I’m going to buy it out and just figure out what to do later re the Turbo, if/when the allocation opportunity comes. Could probably get an assured allocation through a broker sooner but I’m enjoying the current car way too much to rush the process. I spoke to PFS on the phone about a buyout and it seems easy enough. They sent me payoff instructions and said to just send back an odometer statement. Many credit unions offering around 6% interest. PFS can’t finance the car directly and going through a dealer, especially where I live (Sofla) will likely result in an inflated rate and the addition of bogus fees.
Leasing a 911 is one of the dumbest things you can do given how well they hold their value. I’ve had 9 911’s and have sold almost all of them for more than I paid despite the miles I put on them. The ones I lost money on were only a few thousand bucks. Paying $20k+ per year to lease a 911 and have nothing at the end is insane.
Leasing a used 911 is even worse because it’s already taken the depreciation. I’ve had two 997 4S, two 991.1 S, a 991.1 GTS, a 991.1 GT3, a 992 GTS, and currently have a 997 GTS. You can drive a 911 for close to free if you know the market, buy a good spec/clean car, and know how to sell it. I paid $82k for my 997 GTS in July and I could probably get $90-95k for it pretty easily today if I wanted to sell it.
Overall I’ve profited roughly $35k driving all of those cars. My first 991.1 S was way underpriced by Carmax and I flipped it in a week for $24k profit. My second one I drove for 18 months and sold for $12k more than I paid for it. Made $12k on the 997 4S, broke even on GT3, lost about $5k each on 991.1 GTS and 992 GTS but that was during the start of the COVID price declines and the cars I replaced them with were purchased for more than a $5k drop from the high end so it worked out there too.
Good on you, you can indeed but the MSRPs and depreciation on both ends are creeping up - if you’re buying new you definitely have to spec the car correctly - and buying used can be fine as well if you’re doing it properly.
Thinking about getting CPO loaner Macan after current Q5 lease matures. Was looking at 2025 CPO loaners, playing with the calc. Do Porsche loaners have residual mileage penalty (like BMW does, depending on loaner miles) that I need to take into account?
So you technically won’t be leasing a loaner on the CPO programs, that would never work, you lease loaners on new car programs, do don’t limit your search to CPO loaners, it would add no value. Many of them are just regular used cars.
That said, I can save you some time, there are no 2025 loaners in the country yet discounted anywhere close enough to be a good deal. Gonna be a little bit longer before we potentially see that.
To your question, usually the first 5k miles are free, and then .30c penalty thereafter, but that’s not always the case.
Good to know, appreciate the info. Warranty-wise, all these non-CPO loaners should still be covered by original warranty anyway. Not planning to get over 24 mo, the plan is 12mo or 24mo depending on programs at that time.
Thank you
I’m still 10 months away from lease end, just starting to look into it. Hopefully towards the end of the year we’ll see those discounts.
That 4th year service cost + tax on the full purchase price is something to factor in for any finance considerations on slightly older Porsches. Also, without a good down payment, you could be in a negative equity situation quickly.
911 might be the exception, but idk if I’d finance any of their other models on a short term of ownership.
Good points. I haven’t bough car in 20 years, I know for sure I will want something else in 24 to 36 months.
Another factor that keeps me from purchasing is the risk of getting into accident in financed vehicle. All that nourished positive equity (if any) will evaporate quickly.
I definitely want to start with base. Lower entry price + where do I even let the S stretch its legs? My commute is 60% traffic light to traffic light sprinkled with 30mph speed cameras + 40% highway in moderate traffic.
Leasing base will cost you the same or more as financing S (bought and financed at the right price and rate). But it made more sense to me with the full sales tax in VA.
I ended up buying out my 911 CPO lease. Payoff was about what the car was worth. Way lower payments financed at 5.99% through a CU than what my lease payment was.
Anyone know how Porsche handles cars being turned in with service almost due? I’ve got a Taycan CT that I want to ground 2 months early. All payments for the lease have been paid, AutoVIN inspection scheduled for Thursday. But the other day I got a notification that the 20k service is due in 4000 miles or 25 days. Obviously I don’t want to pay this and then turn the car in almost immediately after.
Think I’d be good as long as the service isn’t overdue?
If the car says service due or overdue, then you are responsible for it. If it is almost due, then you are not. But again, a lot of this can depend on who is performing the inspection. I have seen inspectors not mark huge areas of damage or bald tires, while others nitpick every little thing.
