Lease Boxster or Cayman for $400/month possible?

[Paul]

Leasing saves paying sales tax upfront.

I usually lease cars for less than 1% interest, one had only $900 of finance charges for a 3 year lease.

Always negotiate the price of the car as if you are buying it, then mention that you want to lease it.

Cars are an expense, minimize your expenses.

Enjoy life now.

[RandallNeighbour]

I leased for years, then realized it was only so I could drive more car than I could actually afford to own, and when I counted all the $400 a month payments I paid I suddenly realized why I would never be able to retire or pay cash for a nice car like a BMW or a Porsche.

I easily paid for a 996 Turbo in lease payments on non-Porsches (mostly zippy rice burners) over the course of 10 years. Sheesh. I should have driven my Toyota into the ground then paid cash for a 2 year old Turbo, my dream car.

Why not BUY a pre-owned Boxster S for $400 a month, pay it off, and drive it hard while saving your cash so you can buy the next one without interest paid to some bank?

[Darkhamr]

It's all relative to what suits you and what else you do with your money. For many leasing is just a way to own more car than they can afford, but there are other options as well. In Toronto a new Boxster is $80k. So I could pay cash and feel good about myself or I could put $10k down and lease at 2.9% and put $70k into stocks which on the TSX has gained 25% since March. In that case I'd be up $15k+ in the last 3 months. There is no one right answer for everyone.