Please help me decide

[Norminhouston]

Originally Posted by gcb

I currently have an '03 Boxster S about to turn in for an '08 (Meteor Gray/Black)Boxster S of which I have on order and due to arrive in about 2-3 weeks

I have an opportunity to possibly aquire a '05 (Arctic silver/blue interior) Carrera S (~24k miles) for about the same money.

Both would be a 3 year lease. Also the '05 is Porsche certified so would still be under warranty.

Can I please have some objective opinions from you. I know this is a Boxster forum...and .... I'm pretty sure what all would say in the Carrera Forums, but thought I would get an opinion from you guys who drive boxsters like me.

THANK YOU

I drove an'06 Carrera S and an '08 Cayman S last week. They are two totally different cars. I liked the Cayman better even though the power in the Carrera was intoxicating. Purely a personal preference but you can't go wrong with either car.

[gcb]

I think you hit the nail on the head when you said "intoxicating". I test drove the C2S and the 355hp was I have to say really exhilarating.. .. what a rush that was..

But in saying that, I also agree with those that say the Boxster is much more 'fun' to drive.. and the convertable is the big thing. I not crazy about the (oval/egg-like) shape look of the 997 convertables. But the lines of the coupe seems to be really sweet.

I think the Boxster S (as convertables go) is a nicer look (except for the turbo ....but we won't go there :~)...the Boxster is fun, sexy, sporty and...my wife actually likes the look of the boxster better..

3 years will go by pretty quick and we'll see what awaits us with the 2011 Porsches.

Regarding leasing... that was a good point you brought up about 3 years from now....I'll be driving (and leasing) a 7/8 year old car. Perhaps on that point alone...leasing makes more sense with the brand new '08. I lease through my business and for me it makes complete financial sense and I benefit greatly doing it this way versus buying. Regarding monthly payments..it will be about $750-800/mth. I only had to put down $1k to order the new car. It had nothing to do with the lease. Dealer gave me a very good bottom line selling price on Boxster S. When the car comes in, I can finance it or lease it or whatever.... thats up to me. I just know... leasing is best for my situation at this time.

What a great forum this is... I have a question and within minutes a bunch of great folks like yourselves chime in with your opinions and comments. I really appreciate it.... THANK YOU

[Perfectlap]

The 05 997s lease is $750? if so seems steep for a car that's probably worth what $65K now? I could be completely wrong but I thought the point of leasing a used car was to have a rock bottom monthly payment.
Man I need to start my own biz, writing off a Porsche lease? Can't beat that.

[drburton]

$750 is actually a great price on a lease for that car. Not sure how you even managed that. According to LeaseCompare.com that car should demand a lease price of around $1200. Most cars in that $60-70k range have leases over $1000 regardless of age. Couple examples: new Lexus IS-f at $61k is just over $1000 lease. New M3 preliminary numbers are as much as $1200 if you option it up over $65k.

[gcb]

Originally Posted by Perfectlap

The 05 997s lease is $750? if so seems steep for a car that's probably worth what $65K now? I could be completely wrong but I thought the point of leasing a used car was to have a rock bottom monthly payment.
Man I need to start my own biz, writing off a Porsche lease? Can't beat that.

Yea...I like the idea of writing off my nice ride too.

Actually the idea of leasing is yes.. the write offs, but also minimal to no down payments. Save the extra cash for other investments, bills, etc...

Actually $750 is the base payment... I will be putting about $3 or $4k down (cap cost reduction) ...that and with taxes will bring the monthly nut to about $850/month. Which as the other thread stated (sorry...forgot his name) is still a great deal.

I recieved a pretty good price on the car...that, and decent residuals from Porsche financial (you'll always get the best residual rate from them on a Porsche), as well as a really good money factor (% rate). I think I got a pretty good deal all around...

take care...

[larryshomework]

Just my two cents on leasing.

Putting money down to lower the payment (e.g. 3-4K) is risky. If you total the car, the insurance won't repay that down payment but gap insurance would cover you if you didn't put anything down.

Safer to take that DP and put it in the bank, parcel it out over the lease and you have the same effect but not the risk.

[gcb]

Great point..

your absolutely correct....thanks

[Perfectlap]

are you able to write off your gas costs as well?

You got a good deal from Mr. Porsche because of where our economy is and where its headed. I'm curious to see where luxury brands in general are headed, I'm guessing people are no longer buying his and hers Cayennes.

Porsche Leases