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Old 05-12-2008, 09:20 AM   #1
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Join Date: Apr 2006
Location: Chicago
Posts: 1,518
Lease a Boxster ?

Saw this on the web this morning :

http://www.porsche.com/usa/boxsterleaseoffer/

So, I started crunching some numbers...


Option 1

$590 / mo for 36 months = $21,240

Add the $4909 due at lease signing

Purchase option at end of lease is $30,000

Total = $56,146

Of course, if I went with this I would probably have to finance the $30k at the end of 3 years. So, $30k over 5 years at 7.5 % would be $600 / mo

Total for Option 1 = $62,149

Option 2

MSRP of car is $47,790

What if I finance through Porsche for 7 years at 7.5 % ?

Then, $733 / mo ( $61,572 total )

Option 3

To finance this over 5 years at 7.5 % would be $957 / mo

Total = $57,420


I can see a $600 / mo car payment for 8 years easier to stomach than a $950 car payment for 5 years or a $750 payment for 7 years.

So what am I missing ( aside from paying $5k more over a 8 year period ) ?

Nick
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