Why Porsche are bad leases

Friend of mine just got a Macan GTS, sticker about 79K, 36/10, 1900 drive off, 915/month with 9% ca tax.

I drove it…handles great, superb fit and finish but tight inside.

For LA driving, I’ll take my Ford Edge. Funny enough, my friend’s wife has an Edge Sport and he likes it better too!

I drove the 2017 Boxster and the salesperson of 25 years told me the new base model is faster than last years Boxster S which in my book kills the value proposition of an older one. Get the new one and don’t look back - term is a bit long though…

I got a 2015 or 16 Boxster base as a loaner and one of the things that stood out to me was that the sunshade visors don’t pull out and swing to the window…I think I almost broke it trying to pull it out because I couldn’t believe they were up/down only. Any idea if the 2017 fixes that?

No 2017 is pretty spartan. Things like visors and cup holders and the interior in general are not their focus

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Pick up a used 911 (991 variant) for low to mid 60’s. They are a bargain at that price and many have very few miles on them. Won’t depreciate much more at this point. PDK is awesome but for non DD I’d get the stick with rev matching.

I had a 2013 991 loaded leased cab, great car.

If you get the Boxster you will alway be wondering 'should I have gotten the 911?" - Yes you should have.

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+1

I am on the hunt for a 3x black 911 S cab 2010+ for around $50k. They are out there. For the new body 2012.5, they should be around $60k.

Every boxster, cayman and 911 are pretty spartan. They just figured out how to put crappy Cupholders in 2006!!!

The 911 (boxster and cayman) is not really for comfort and they really don’t care about you, they are just making these cars so they can pay for their racing team :slight_smile:

???

What’s to stop a 991 from depreciating to where the 997s are right now (low 30s, even high 20s for early Gen 1)?

Porsche continuing to lease them extremely poorly, bumping the MSRP every year up and the customer base which has wallets stuffed with money.

How do you find a Porsche driver? Follow the money flying in the wind behind him.

IMO, the 997’s aren’t that popular because of the melted headlights and the IMS problems. If the 991s have similar engine issues (which is quite possible since the move to turbocharging even the base models) then you could have the same kind of depreciation.

After driving a 991.1 4S on Sonoma Raceway during one of these factory hosted lead-follow events, I was very impressed at how they managed to control the rear engine lift-oversteer characteristics with their stability systems. I think finding a 991 for low to mid 60’s is an awesome deal for now.

Sure you can find a high mileage 997.1 for mid 30’s but that’s an 9-11 year old car at this point. The 997.2 is a good backstop for the 991.1 as wholesale prices are still holding around $50-55K for a mid mileage 09-11 model S (Check Manheim). The 991.1 is a huge improvement in so many ways and will keep it’s distance from the 997.2. Doubtful a used 991.1 S will depreciate more than $3K per year at this point.

You must be thinking of a 996, not a 997.

And a 991 will be a similar age too, it’s just a matter of time. If you don’t believe me, just wait 'til the 991’s replacement affects their values.

Yes, that was my bad…

There have been certain times where you can score a decent (not great) lease. I leased a 991.1 Cab MSRP of $120K for less than $1100 per month with very little down a few years ago. 24 month residual was crazy 76% and even with their jacked up MF it wasn’t a terrible lease after I think 12% off as well.

Every once in a while Porsche has too many cars - that’s the tae to lease.

Agreed, any 991.1 at around 60K is really great deal for a lot of car. Personally I’m waiting for the 4S to start getting below 70.