[Perfectlap]

Option 1 is like buying a stock for $60 and selling it 3 years later for $0

Option 2 and 3 is like buying a stock for $60 and selling it 3 years later for $30
(unless you bought a 993, those guys who leased their 993's must be pissed).

Unless you use your car for work and can get those juicy deductions, leasing or buying new is the worst nightmare of any financial advisor. You would be surprised how many people who can afford to buy new are buying certified pre-owned. With the economy changing in a big way (not just a cycle anymore) people are not buying or leasing luxury items the way they used to. The oppourtunity cost is simply too high for many in the market. Capital One Auto finance is about to take a ginormous hit on their car loans this year which will further tighten the credit market (less buyers) making depreciation rates for new cars look really frightening. It will be interesting to see if Luxury car makers continue raising prices in the coming years. I was at a Saks 5th Ave in Florida this weekend looking for a tuxedo tie and I think you could hear a pin drop in the store.