If this is true, they are trying to book $17,250k profit per car
It’s a little misleading since Porsche only sells 240,000 cars per year and their competitors like BMW sells 2 million. Also Porsche’s seem to hold their value or depreciate at a slower rate then their competition. I owned a 2002 911 Cab that I bought used for 50k and sold it 5 years later for 39k.
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Totally agree with this. It’s like comparing a handmade tailored suit to one from Banana Republic. Yeah the profit margin is smaller because they sell thousands of them. Porsche is a high quality maker whose value holds, they have to have more of a mark-up as they’re producing a more exclusive, premium product.
The base boxster (60 k msrp) is no more premium than a z4 or Sl 500.
But have you been to a Porsche dealership lol? They need 3k per car just to maintain the facilities. The one I went to had a jumbotron in the atrium like you would see in a stadium.
That’s the point here … they are less likely to deal because they don’t have to hit any volume numbers
Regardless, once you lease a bunch of P-cars, your next step is to lease this condo
Most Porsche dealership will negotiate on the msrp when you purchase the car. However, Porsche the manufacture has crappy MF and Residuals make them poor cars to lease. I can tell you from experience that when purchasing a 3 year old 911 the cost to own the car is very low.
I usually plan on spending $5k/year for 911 maintenance – anything from tires to random small stuff that breaks (convertible top, motor for windows, etc.)
I had a 911 Cab for 5 years and never came close to spending 5K the entire time I owned it.
Any thoughts on the base boxster? I have one for 600 a month with 5k drive off (lease brand new) at 5k miles a year, one with 6 k miles 2011 model for 29k and one with 90k miles 2007 model for 16k. What is the sweet spot, all are for base manual Boxster?
Porsche doesn’t need to offer more attractive leases in order to meet volume or financial goals. They have one of the best brand images in the business - they’re the quintessential sports car that has rubbed off that desire ability into their SUV line. Clearly I’m a Porsche fan.
I just pulled some Edmunds True Cost to Own data for a 2013 Carrera. This is a base 911. Maintenance and repairs over a 3 year period total over $23,000 - $5k per year should be in the ball park. Keep in mind if your mileage may vary. My dad has a great independent mechanic that has been working almost exclusively on Porsches for 40 years - he does work at a fraction of what it would cost at the dealership.
Sorry man, the Boxster I owned was 2000 (986) and it has come a long way from that. Even though it wasn’t as awesome as the 911, value-wise (dollar-for-dollar), it was a great car.
Personally, I would save up and get a 911 S instead of a Boxster. If you get an automatic, please get the PDK (2009 and after), it is 10x better than the tiptronic … or just stick to the manual transmission.
Thanks. Manual it is. On the fence about 911. Maybe for the second? porsche lol
Of course YMMV…the people with IMS failures will have a completely different experience to yours.
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Porsche leases look terrible because most people here are used to seeing the artificially low leases offered by BMWs.
You could get a $100k M5 for ~$1k/month with 0 down, but a $65k Macan S was going for $850/month on a lease when I first looked at it. BMW inflates their residuals just so they can move cars.
Most of the time, Porsche offers incentives to existing Porsche lessees that helps ease the pain.
Depending on the particular car, Porsche’s values could drop like a rock (Panamera/Cayenne) or they could hold very nicely (Mainly the 911 and special editions of Boxsters/Caymans)
Hilarious! Movin on up… to the sky.
“Depending on the particular car, Porsche’s values could drop like a rock (Panamera/Cayenne) or they could hold very nicely (Mainly the 911 and special editions of Boxsters/Caymans)”
Nicely stated, but even the Panamera and Cayenne depreciate less than their competitors. Porsche has figured out how many cars and SUV’s they can sell at the prices they want and does a great job at constraining supply.
If you have the cash, any Porsche would be a nice change up for the Volv – YOLO.
If you can, try to go a dealer and test drive the Boxster and 911, maybe the Cayman too.
They changed the interior in mid-2012. Prior to that, the middle console was pretty “spartan/utilitarian”.
Already test drove the 2017 Boxster, 6-speed manual, triple black, base MSRP 63k, Lease Sales Price was 57 and they were willing to lease for 580 with 5 k drive off (initially was 699 a month). I liked it quite a bit and the interior IMHO was just right. I do not mind a utilitarian Porsche since the Volvo is the gadget car anyways. Thanks, I will do research on the 911 as well.
In 2000 (before the dotcom crash), my payment was $699/mo with $5k down for a 36/10k lease if I remember correctly and I had to wait 5 months. 6-speed manual base 2.7 (crappy 217 hp but car was light & very balanced mid-engine), 3X black. Not sure about MSRP but pretty sure it wasn’t $63k (low $50s). So my data is very old but looks like a nice deal for you on the 2017.
That Porsche was my daily driver for a long time and I logged a lot of miles on it. IMS was a big problem for my year car but luckily the bearings held. This thread is making me rethink getting another one. Thanks a lot (sarcastically) to whoever started it.