[paliknight]

I was entertaining a 718 boxster S Cabrio lease and this is what the dealer quoted. I feel like this is a no lube deal.

[Shiza]

Originally Posted by paliknight

I was entertaining a 718 boxster S Cabrio lease and this is what the dealer quoted. I feel like this is a no lube deal.

$1900+ a month for a boxster no thanks

What do the lease deals look like for the 911?

[G35POPPEDMYCHERRY]

WTF how 1900 how a boxter. I could three f8x for that

[Run Silent]

1) $102K for a freaking boxster??? Um, yeah look. No.

2) Leasing is the absolutely most expensive way to drive a car. I strongly discourage anyone from leasing a vehicle, but it is ultimately your decision.

3) The total cost of that lease is approximately $70,000 - and at the end, you have nothing to show for it. In what world would this possibly make sense?

[HRE_Wheels]

[saeyedoc]

Looks insane, what's the MF and residual? MF may be negotiable if they're marking it up. Don't put any money down on a lease (you lose it all if you total your car right away). Porsche's generally lease terribly due to high MF.

[ILM_X5]

Originally Posted by paliknight

I was entertaining a 718 boxster S Cabrio lease and this is what the dealer quoted. I feel like this is a no lube deal.

Given the current PFS lease teaser, I'd say you're getting hosed.

[F80zcp]

He's looking at a 718 Boxter S. Big difference from a base boxter. The 718 Boxter and Cayman s or gts is a bad ass car. But this is a horrendous lease deal.

[Run Silent]

Originally Posted by CLT_X5

Given the current PFS lease teaser, I'd say you're getting hosed.

Even the teaser lease seems asinine. $25,000 to rent a base Boxster for 2 years? Good grief.

Surely one could by a nearly new base 718 and sell it 2 years later for smaller than a $25,000 loss in depreciation?

I still don't know why anyone leases a vehicle.

[ILM_X5]

Originally Posted by F80zcp

He's looking at a 718 Boxter S. Big difference from a base boxter. The 718 Boxter and Cayman s or gts is a bad ass car. But this is a horrendous lease deal.

I noticed that. The performance gap between base and S model 718s is so small that the S in a 718 seems silly, especially if one is simply going to lease the car and dispose of it at the end of the term.

[Dog Face Pony Soldier]

This can't be US dollars; could it?

[alex2364]

The number one thing with leasing Porsches is their MRM (Maximum Residualized MSRP). You will be paying 100% of the lease above the MRM value. I believe you're significantly above that amount on a $100k+ Boxster S. You should be looking at a Boxster GTS since it was around $103k MRM last time I checked.

[xander_g]

Terrible deal.

[ASAP]

Originally Posted by usshelena725

1) $102K for a freaking boxster??? Um, yeah look. No.

2) Leasing is the absolutely most expensive way to drive a car. As a CPA, I strongly discourage anyone from leasing a vehicle, but it is ultimately your decision.

3) The total cost of that lease is approximately $70,000 - and at the end, you have nothing to show for it. In what world would this possibly make sense?

2)I for the most part agree... except in instances where the car devalues an extreme amount and the current lease deals are good. It will either be a wash or you will covering a large depreciation risk. Current 3 series is a perfect example...

[dgoldenz]

Buy a 991S, drive it 3 years, sell it for close to what you paid for it. lol @ $2k/month for a boxster. You could buy a 991.1 GT3 for that kind of money

[CosmosMpower]

Originally Posted by dgoldenz

Buy a 991S, drive it 3 years, sell it for close to what you paid for it. lol @ $2k/month for a boxster. You could buy a 991.1 GT3 for that kind of money

No you can't, show me a 991.1 GT3 for 103K I'll buy 10. You can barely buy a clean 997.2 GT3 for that money.

[Red Bread]

Originally Posted by usshelena725

1) $102K for a freaking boxster??? Um, yeah look. No.

2) Leasing is the absolutely most expensive way to drive a car. As a CPA, I strongly discourage anyone from leasing a vehicle, but it is ultimately your decision.

3) The total cost of that lease is approximately $70,000 - and at the end, you have nothing to show for it. In what world would this possibly make sense?

Okay, accountant here, but not a CPA. At the BMW dealer turning in our F30. Paid $550/mo with nothing down for 36 mos, $55k sticker and it's worth $18.5k today. Tell me how that wasn't wildly better than purchasing it?

I hear the tired bromide that leasing isn't a good idea from almost everyone except financial advisors and people that work in the industry.

And yes, that Boxster deal is horrific.

[Red Bread]

Originally Posted by ASAP

2)I for the most part agree... except in instances where the car devalues an extreme amount and the current lease deals are good. It will either be a wash or you will covering a large depreciation risk. Current 3 series is a perfect example...

I suppose I could have just read your post, as you nailed it. Three years ago sedans had awesome residuals. Now they've all fixed the glitch.

We leased a Q5 which had nearly 10% better residuals than an S3 or S4.

[pikkagtr]

Originally Posted by usshelena725

1) $102K for a freaking boxster??? Um, yeah look. No.

2) Leasing is the absolutely most expensive way to drive a car. As a CPA, I strongly discourage anyone from leasing a vehicle, but it is ultimately your decision.

3) The total cost of that lease is approximately $70,000 - and at the end, you have nothing to show for it. In what world would this possibly make sense?

I have an egolf my dad drives 2 miles everyday
With the $4000 dealer discounts and the 7500$fed +$2500 CA credits the 32$k egolf with it's measly 49%residual @$15680 was dirt cheap to lease
$98 a month
That is a pretty good investment for a brand $32k vehicle to use for 3 yrs for what amounts to about $3600 plus some electrical bills
I don't need a CPA to tell me that

[Run Silent]

Originally Posted by ASAP

2)I for the most part agree... except in instances where the car devalues an extreme amount and the current lease deals are good. It will either be a wash or you will covering a large depreciation risk. Current 3 series is a perfect example...

Current BMW 320i lease special:

$429/mo with $4,100 due at signing for 36mos
Total consumer cost = $19,544


Purchase option:

Average price for 2017 BMW 320i CPO w/ approx. 5k miles on it: $24,000
Average selling price for 2014 BMW 320i w/ approx 35k miles on it: $17,500
Total consumer cost = $13,500

Still works out better by almost $6,000 to buy vs. lease.

Originally Posted by CosmosMpower

No you can't, show me a 991.1 GT3 for 103K I'll buy 10. You can barely buy a clean 997.2 GT3 for that money.

Pretty close, man. There are plenty available for under $120K.

[Viffermike]

Originally Posted by F80zcp

He's looking at a 718 Boxter S. Big difference from a base boxter. The 718 Boxter and Cayman s or gts is a bad ass car. But this is a horrendous lease deal.

FYI: Not really. $18k for 45 more HP, 20-ish more ft-lbs, a half liter of displacement, slightly bigger brakes (and oooh! Colored calipers!), and a turbo with vanes that move. Everything else can basically be optioned onto a base 718.

Not worth it (which is why I have a base 718 Cayman). May as well move to the GTS at that point, which is a far more sensical proposition economically.

As for the OP's question: horrible terms. And: You can negotiate at least 6-8 percent off MSRP for an S these days easy -- particularly because Porsche is pushing the GTS over the S not only in dealerships, but also in its factory queues. In any event: For that price you may as well shop for a CPO you can own. Porsches are not known for sweet lease deals.

[ASAP]

Originally Posted by usshelena725

Current BMW 320i lease special:

$429/mo with $4,100 due at signing for 36mos
Total consumer cost = $19,544


Purchase option:

Average price for 2017 BMW 320i CPO w/ approx. 5k miles on it: $24,000
Average selling price for 2014 BMW 320i w/ approx 35k miles on it: $17,500
Total consumer cost = $13,500

Still works out better by almost $6,000 to buy vs. lease.

Pretty close, man. There are plenty available for under $120K.

did you just compare a new lease to a used car purchase?