bimmerpost/
BMW M2 and 2-Series Coupe
BMW Garage BMW Meets Register Today's Posts
home
BIMMERPOST Universal Forums General Automotive (non-BMW) Talk + Photos/Videos

Post Reply
 
Thread Tools Search this Thread
      10-10-2017, 06:45 PM   #1
AHCPAX5
Private First Class
34
Rep
109
Posts

Drives: 2017 BMW X5 50i M Sport- Sold
Join Date: Nov 2014
Location: NY

iTrader: (0)

Porsche Passport

Have you guys read up on this?? I think its an awesome deal. For $2,000 a month (covers everything but gas) you can drive amongst eight vehicles, including the Boxster, Cayman S, Cayenne and Macan S. You can take a different car everyday of the week and start over after your done with the 8th variation. For $3,000 a month, you get the 911 and Panameras along with GTS versions of Caryman's and other for a total of 22 models.

The catch ..... Its only in Atlanta for time being. I think I would give up the X5 50i for this plan. I really wanted a second sports car but didnt it in the budget. For $2,000 a month which includes tax, title, insurance, detailing, maintenance and unlimited mileage, I dont think its any different than just leasing one X5 50i.
Appreciate 0
      10-10-2017, 07:12 PM   #2
ShocknAwe
1Addict
ShocknAwe's Avatar
3588
Rep
8,135
Posts

Drives: E82, E70, 991.1
Join Date: Jul 2012
Location: Charleston

iTrader: (22)

That's like a damn mortgage where I live. GL.
__________________
Build: 1er Project8
Hauler: M57 Truck
Daily: 991.1 GTS
Appreciate 1
Spa2k1194.00
      10-10-2017, 08:07 PM   #3
Scott2.0
Private First Class
125
Rep
180
Posts

Drives: 2014 X5 50i and 2015 i3 REx
Join Date: Aug 2017
Location: Scottsdale, AZ

iTrader: (0)

The catch...it’s $2k a month. Why would anyone pay that much for a Cayman or a Macan?
Appreciate 3
      10-10-2017, 08:53 PM   #4
8k4
First Lieutenant
163
Rep
369
Posts

Drives: E92
Join Date: Nov 2015
Location: Earth

iTrader: (0)

Not a deal. You can buy a 100k car for 1500 a month.
Appreciate 1
P111734.00
      10-10-2017, 09:34 PM   #5
AHCPAX5
Private First Class
34
Rep
109
Posts

Drives: 2017 BMW X5 50i M Sport- Sold
Join Date: Nov 2014
Location: NY

iTrader: (0)

Well I dont know about the rest of you guys but I dont drive two cars at the same time. Therefore if I wanted a Cayenne S and a Boxster S each would be each about $1,000 a month leases and that doesnt take in consideration maintenance, detailing and Insurance. If I needed a larger car for a day then I pickup a Cayenne S then drop off and pickup a Cayman S after that.
Appreciate 0
      10-10-2017, 09:43 PM   #6
hellrotm
Banned
4143
Rep
6,924
Posts

Drives: F80
Join Date: Jul 2007
Location: ...Location...Location

iTrader: (0)

Cadillac has a similar program. It includes insurance costs, maintenance, unlimited mileage, delivery to your door. $1,500/month.
Appreciate 0
      10-10-2017, 10:02 PM   #7
jpdchicago
Major
jpdchicago's Avatar
United_States
1373
Rep
1,404
Posts

Drives: M4 CSL, X3MC
Join Date: Feb 2016
Location: Chicago area

iTrader: (0)

Not a great deal for 2,000 IMO. A 911 gts would be, but not a Boxter or Cayman S. Could get those for a lot less than that (probably less than $1,500) fully loaded (including insurance).
Appreciate 0
      10-10-2017, 10:08 PM   #8
AHCPAX5
Private First Class
34
Rep
109
Posts

Drives: 2017 BMW X5 50i M Sport- Sold
Join Date: Nov 2014
Location: NY

iTrader: (0)

I dont know if you are getting the point that you are not limited to one car. Most people keep quoting the lease of one car but you have 8 at your disposal to drive however, wherever and whenever you want without a worry about insurance, detailing, maintenance, warranty etc and car is dropped off at your home.
Appreciate 0
      10-10-2017, 10:35 PM   #9
Scott2.0
Private First Class
125
Rep
180
Posts

Drives: 2014 X5 50i and 2015 i3 REx
Join Date: Aug 2017
Location: Scottsdale, AZ

iTrader: (0)

Quote:
Originally Posted by AHCPAX5 View Post
I dont know if you are getting the point that you are not limited to one car. Most people keep quoting the lease of one car but you have 8 at your disposal to drive however, wherever and whenever you want without a worry about insurance, detailing, maintenance, warranty etc and car is dropped off at your home.
The numbers will never justify it. It seems like a luxury for people who want the flexibility but don’t care about paying a steep premium. I could buy a Cayman and a Macan for less than $2k/mo and still have money left over for a 5 Series. I see no point in this program, but I’m driven by numbers.
Appreciate 0
      10-10-2017, 10:56 PM   #10
MaximusJ
Colonel
MaximusJ's Avatar
Canada
307
Rep
2,485
Posts

Drives: 340Xi MG 2017
Join Date: Jul 2010
Location: Quebec, Canada

iTrader: (21)

Garage List
Could be something nice to do for a couple months; but long term i'm afraid i'd get bored over time to always trying to remember the functions of every car; that plus i'd end up with crazy expensive tastes.
__________________
Mineral Grey '17 F30 340XI
[Garage] // [Build Journal]

Jet Black '06 E90 325I
[Garage]
Appreciate 0
      10-10-2017, 10:59 PM   #11
c1pher
Primo Generalissimo
c1pher's Avatar
United_States
5037
Rep
4,188
Posts

Drives: All of them
Join Date: Jun 2009
Location: DC area

iTrader: (0)

Garage List
For $1400 a month I am driving a 135is and a Corvette Stingray. And I’m not stuck with a single brand. They are at my house and I’m not waiting for them to be delivered....I’m not sure what the value proposition is. For $2k a month I can own 2-3 Porsche’s....if 3, they might be CPOs, 2could be brand new.
Appreciate 0
      10-11-2017, 12:53 AM   #12
DuSh
Colonel
DuSh's Avatar
2124
Rep
2,388
Posts

Drives: F15 X5 50i
Join Date: Jul 2017
Location: USA

iTrader: (0)

Quote:
Originally Posted by AHCPAX5 View Post
Have you guys read up on this?? I think its an awesome deal. For $2,000 a month (covers everything but gas) you can drive amongst eight vehicles, including the Boxster, Cayman S, Cayenne and Macan S. You can take a different car everyday of the week and start over after your done with the 8th variation. For $3,000 a month, you get the 911 and Panameras along with GTS versions of Caryman's and other for a total of 22 models.

The catch ..... Its only in Atlanta for time being. I think I would give up the X5 50i for this plan. I really wanted a second sports car but didnt it in the budget. For $2,000 a month which includes tax, title, insurance, detailing, maintenance and unlimited mileage, I dont think its any different than just leasing one X5 50i.
It's an interesting deal for someone who likes to drive different cars. I'm too conservative to change cars every week or to wait for someone to drop off a car to my house. I have family and kids and I NEED to know that any minute I can jump into my car and go. I'm avoiding dealer trips as a plague and I can only imagine what a nightmare it would be to deal with that program on a constant basis and i think there will be issues coming up often - if not with cars themselves, then with insurance, maintenance, payments, drop offs etc.

I also don't consider anything but 911 as something worthy of that trouble, but that's just me. Maybe for someone a Boxter is a fascinating car - people are different - can't blame them

I'm happy with my loaded 50i V8 CPO that I finance for $700 - i just don't see point to pay extra $1300 for a Boxter Bring in 911s and then that deal starts to look good
Appreciate 0
      10-11-2017, 01:47 AM   #13
hellrotm
Banned
4143
Rep
6,924
Posts

Drives: F80
Join Date: Jul 2007
Location: ...Location...Location

iTrader: (0)

Quote:
Originally Posted by Scott2.0 View Post
The numbers will never justify it. It seems like a luxury for people who want the flexibility but don’t care about paying a steep premium. I could buy a Cayman and a Macan for less than $2k/mo and still have money left over for a 5 Series. I see no point in this program, but I’m driven by numbers.
Purchase or leases on a Cayman S and Macan S, plus insurance, maintenance? Under $2k? Not sure about that one.

Cayman S minimum is a $70k car, Macan S minimum $60k. Those are with very little options too. That is well over $2k month with current interest rates. Porsche lease rates are awful too. I doubt that it would be much of a better scenario.

One perk it is a monthly service, so you can cancel anytime. Unlike purchasing or leasing.

Last edited by hellrotm; 10-11-2017 at 01:57 AM..
Appreciate 0
      10-11-2017, 02:12 AM   #14
hellrotm
Banned
4143
Rep
6,924
Posts

Drives: F80
Join Date: Jul 2007
Location: ...Location...Location

iTrader: (0)

Quote:
Originally Posted by DuSh View Post
It's an interesting deal for someone who likes to drive different cars. I'm too conservative to change cars every week or to wait for someone to drop off a car to my house. I have family and kids and I NEED to know that any minute I can jump into my car and go. I'm avoiding dealer trips as a plague and I can only imagine what a nightmare it would be to deal with that program on a constant basis and i think there will be issues coming up often - if not with cars themselves, then with insurance, maintenance, payments, drop offs etc.
From what I gather it is an app. You choose the car, time, place. They bring next car and pick up the one you were driving. There is no dealer visits. Planning road trip for weekend. Get car delivered to the office on Friday during lunch. Sounds convenient actually. I would consider a BMW program if priced accordingly and it included M models.

Last edited by hellrotm; 10-11-2017 at 02:36 AM..
Appreciate 0
      10-11-2017, 10:51 AM   #15
Scott2.0
Private First Class
125
Rep
180
Posts

Drives: 2014 X5 50i and 2015 i3 REx
Join Date: Aug 2017
Location: Scottsdale, AZ

iTrader: (0)

Quote:
Originally Posted by BlackJetE90 View Post
Purchase or leases on a Cayman S and Macan S, plus insurance, maintenance? Under $2k? Not sure about that one.

Cayman S minimum is a $70k car, Macan S minimum $60k. Those are with very little options too. That is well over $2k month with current interest rates. Porsche lease rates are awful too. I doubt that it would be much of a better scenario.

One perk it is a monthly service, so you can cancel anytime. Unlike purchasing or leasing.
You could easy pick up two lightly used CPOs for a total of $100k or so. Finance that for $1400ish and you'll have money left over.
Appreciate 0
      10-11-2017, 01:37 PM   #16
blschaefer1
First Lieutenant
blschaefer1's Avatar
United_States
209
Rep
393
Posts

Drives: 2022 X3 xDrive 30i
Join Date: Jun 2011
Location: Prescott, AZ

iTrader: (1)

I like the concept.

When you factor in taxes, DMV fees, insurance, maintenance, etc. the break even gets much closer, and the convenience of not being tied into a long term contract is very appealing, plus no money up front means repurposing cash for other investments. Could be the future of car 'ownership'.
Appreciate 0
      10-11-2017, 01:59 PM   #17
saeyedoc
Captain
282
Rep
835
Posts

Drives: 2013 Carrera S, 2013 Panny GTS
Join Date: Jun 2010
Location: San Antonio, TX

iTrader: (0)

Could be an appealing option for those that write off cars as a business expense.
Appreciate 1
Germanauto9843.50
      10-11-2017, 02:07 PM   #18
pz619
Brigadier General
3334
Rep
3,274
Posts

Drives: F87 M2C 6MT, Tesla Highland 3P
Join Date: Oct 2013
Location: San Diego

iTrader: (1)

Worth noting there is a $500 activation fee as well. Any way you slice this, it doesn't math out to be a good deal.

If you bought a $70k Cayman S at a 60 month term around 4% interest, using a 7.25% tax, it'll net out to less than $1400/month with $0 down.
Appreciate 0
      10-11-2017, 02:56 PM   #19
hellrotm
Banned
4143
Rep
6,924
Posts

Drives: F80
Join Date: Jul 2007
Location: ...Location...Location

iTrader: (0)

Quote:
Originally Posted by pz619 View Post
Worth noting there is a $500 activation fee as well. Any way you slice this, it doesn't math out to be a good deal.

If you bought a $70k Cayman S at a 60 month term around 4% interest, using a 7.25% tax, it'll net out to less than $1400/month with $0 down.
If you own two cars, suv and sports car...the math works out. You can’t drive both automobiles at the same time. One example, a single individual that owns two autos for summer/winter weather conditions. Or someone who lives in the city where parking is very limited and at times very expensive. Not everyone has parking for multiple cars. I could see scenarios where it works.

Last edited by hellrotm; 10-11-2017 at 03:03 PM..
Appreciate 0
      10-11-2017, 02:59 PM   #20
hellrotm
Banned
4143
Rep
6,924
Posts

Drives: F80
Join Date: Jul 2007
Location: ...Location...Location

iTrader: (0)

Quote:
Originally Posted by Scott2.0 View Post
You could easy pick up two lightly used CPOs for a total of $100k or so. Finance that for $1400ish and you'll have money left over.
If you want to start talking about used cars...sure. But something like the brand new Cayenne, CPO’s are not even available. You would be guaranteed the lastest in Porsche tech and driving experience.
Appreciate 0
      10-11-2017, 04:01 PM   #21
pgviper
Captain
United_States
284
Rep
832
Posts

Drives: X3m40
Join Date: Apr 2012
Location: Long Island, NY

iTrader: (0)

This makes sense for anyone in a heavily congested city.

I don't need a car day-to-day. Only on weekends or planned trips. It is way to much of a hassle to maintain a car in the city (when something breaks my entire day is gone), street parking is a pain in teh a$$, garage parking is cheapest $450 / month, insurance is killer...

All depends on where you live. I would never do this if I lived in suburbs or country.
Appreciate 0
      10-11-2017, 04:14 PM   #22
onsafari
New Member
United_States
10
Rep
27
Posts

Drives: 2017 M240i
Join Date: Feb 2017
Location: Castle Rock, CO

iTrader: (0)

Quote:
Originally Posted by MGM135is View Post
For $1400 a month I am driving a 135is and a Corvette Stingray. And I’m not stuck with a single brand. They are at my house and I’m not waiting for them to be delivered....I’m not sure what the value proposition is. For $2k a month I can own 2-3 Porsche’s....if 3, they might be CPOs, 2could be brand new.
OK fair enough but how much on top of that do you pay for insurance, license plates and maintenance a month? You're getting a lot closer to 2K a month now.
Appreciate 0
Post Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 01:38 AM.




g87
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST