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"That doesn't make sense to me considering that Porsche sells certified pre owned cars. Convertibles like the Boxster seldom have open ended leases (option to buy).
Either Porsche expects there to be allot of bidding, which defeats the whole purppose of auto auctions for non-collectibles or
they are the less desireable lease returns(failed certification)."
Porsche finance has many more cars coming off lease than their dealers can absorb. They have to find an outlet for these cars, so the dealer auctions fill this need nicely. This is true for virtually all the auto lease companies.
The cars at the auction are not necessarily less desirable, some are pristine, some are not.
And virtually all auto leases will have a buyer buyout number in the lease. Finance companies love to have the buyer buy the car at the end of the lease yet few do this.
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