How many Porsche owners experience "Customer no-service" at their dealership?

[RandallNeighbour]

IMO, buying a brand new car on credit as a lease is a huge waste of money. I stopped doing it years ago. Never pay interest to anyone for something that depreciates! This isn't a difficult thing to figure out, but all too often the "gimmies" take over and the buying becomes emotional and completely unrational.

Now buying a two to three year old car with a factory extended warranty on it where some other person has paid most of the initial depreciation on the car is the smart way to go. I did that with my LS400 (a 95 bought in 99 from a dealer as a certified pre-owned) and it's paid off in spades. Car was 60% of sale price in 95, and I had nearly $9,000 worth of free maintenance and repairs done to the car over the next 36 months. I got them to replace all sorts of stuff and they never blinked an eye at my requests because the warranty backers were so good. The car is in top shape now and only 10 years old.

I'd only borrow on a used car if the interest rates were terribly low, say 2% APR and I could prove to myself that my investments were outpacing that 2% loss for the next X years of payments.

And personally, I don't borrow money on used car purchases either. If I can't afford to pay cash for it, I do not buy it. When I can afford to pay cash for it, I am very, very cautious because the day after I take possession, the bank account is dry and that makes me feel really lousy. I worked hard for that cash and it looked great in my account!

I think my bottom line is that buying or leasing a new car is a very expensive proposition, but I highly recommend it to all you young people because it creates so many 3 year old creampuffs I will then buy from you for a fraction of their "like new" value.

[YellowJacket]

Porsche986: You talk about the "feeling" of knowing you have debt and how you don't like that. You should take some finance classes. The way the world works, the way huge corporations are successful, etc, etc, is that they borrow money at a certain rate, and use it to return a higher rate. This money that is borrowed is debt. Good debt is good. Bad debt is bad. Good debt means that you are making more off of your debt than you are paying for it. For example, if I finance my new car at 4% and invest the money I would have used to buy it, and get a 6% return, my net return is 2%. If you are capable of making money above and beyond the cost of financing the car (which currently, is not hard to do), then you are financially better off to finance it. It's called opportunity cost.

I agree that it "feels better" to pay cash for a car and not have a payment, but I make my decisions based on spreadsheets, not feelings, that is my only point.

I see your point, all i am saying is i am the same as randell, i only buy a car with money i have or i dont buy. Any figures you have no matter how good means the car is never yours untill debt is cleared no matter how good the apr is. At the moment it happens the av APR in the UK is 15%.

We are talking about buying a car with cash or finace. No investing... ect..
I see what you mean about investing yes... but again i speak from a UK point and the idea of any kind of lease, finance, loans is in my view a bad idea.
I dont claim to be an expert in investing but i do know basic facts to run a good company and thats own your items, stay clear of debt and loans. It is never a good idea of finace as if there were no finace we would all be getting superb prices for our boxster on trade.

tooooooo many people buy then cant afford payments, resulting in huge boxster stands at garages which in return means reduced price.