Go Back   986 Forum - The Community for Porsche Boxster & Cayman Owners > Porsche Boxster & Cayman Forums > Boxster General Discussions
Register Garage FAQ Community Calendar

Post Reply
 
LinkBack Thread Tools Display Modes
Old 07-10-2007, 01:54 PM   #1
bmussatti
Guest
 
Posts: n/a
How do you "trade in" a leased car for another leased car? Sounds like losing money twice.

What about the mods you did?
  Reply With Quote
Old 07-10-2007, 01:56 PM   #2
Registered User
 
Join Date: Sep 2006
Location: chicago
Posts: 3,510
Send a message via AIM to djomlas
yeah, i dont think ill ever lease a car, BUT
in about a year or so im getting the same car, in orange
__________________
http://i34.tinypic.com/157yslk.jpg
"I couldn't find the sports car of my dreams, so I built it myself." ~F. Porsche
Gemballa springs::litronics::Eurotech 18s(275/225)::B&M::MOMO wheel::
exhaust cutouts::EVOcoldair intake::OEM smoked tails & sidemarkers::

colormatched bumperettes::Top Speed Pro-1 exhaust::
my cardomain/pictures page
djomlas is offline   Reply With Quote
Old 07-10-2007, 02:03 PM   #3
Registered User
 
Join Date: Feb 2005
Location: Seattle is now home!
Posts: 398
Not thinkiing about a Elise maybe a GT3 is more in line of what I am thinking. I need the space for my dog. They are very hot cars!

Oh yea and I live in Seattle now but a trip back home would be nice!
__________________
Everything is for sale

3.6, SC 'er and other parts for sale
JP-s-in st. louis is offline   Reply With Quote
Old 07-10-2007, 02:06 PM   #4
Registered User
 
Join Date: Jun 2007
Location: Ohio
Posts: 307
Bravarian,

Good for you. Great choice in car. IMO it is better than the boxster. Yea the boxster is a better everyday car but if you wanted an everyday car then neither is a good choice go look at a camry. lol

Who cares if a car is hard to get into! Its the thrill of driving, the lotus is a rare car that people will oooh and awww about, and a great choice. I wouldnt get rid of my lamborghini cause its hard to get into and has a hard suspension and takes bumps real hard, thats not what its made for
__________________
Lamborghini Murcielago (current)
Supercharged Viper SRT-10 800 HP Special Edition #49 of #50 (current)
Ferrari 360 Spider
Lamborghini Diablo VT Roadster
911 Cab
Boxster S (current)
08 Hummer H2 (current)
BMW Z3 (current)

Limos in Ohio and PA - First Class Limo Columbus Limos

http://pteam.net/avatar3.jpg
my car collection *Porschephiles agree, Desnorkify your Porsche!*
pteam is offline   Reply With Quote
Old 07-10-2007, 02:27 PM   #5
Registered User
 
Join Date: Jan 2007
Location: Texas
Posts: 1,311
Quote:
Originally Posted by bmussatti
How do you "trade in" a leased car for another leased car? Sounds like losing money twice.

What about the mods you did?
That's because Daddy is helping him get it. Ask him how old he is and what he does for a living. Sorry, no offence Bavarian.
porsche986spyder is offline   Reply With Quote
Old 07-10-2007, 03:08 PM   #6
Registered User
 
Join Date: Nov 2006
Location: NYC area
Posts: 681
Quote:
Originally Posted by porsche986spyder
That's because Daddy is helping him get it. Ask him how old he is and what he does for a living. Sorry, no offence Bavarian.


I'm sorry, but... how do you know this?


I have my own web development company that is a partnership with my two friends. It is a registered partnership in Nassau county. www.activtecsolutions.com

What do you do?


Hey, I have an idea! Why don't we all mind our personal business instead of caring about others' so as to not look like an ass wipe? Oh, how well that works...


----------------------------------------------



Bmussatti:

When you get rid of a lease, you are liable for the entire lease. So if I have 30months left and pay 500 a month, I am liable for $15k to get rid of the lease.


That would mean I'm losing $15k if I did that...but those are example #s.



So in this instance, I decided to buy the entire car. That means remaining lease payments plus remaining value of vehicle, and trade it in. That would be substantially less than what is left on the lease.. In this case, around $4k difference, which is likely what I would have to pay anyhow due to high mileage.


The bad part is you have to pay sales tax again. The GOOD news is that I don't have to pay sales tax on the car I am trading it for.


However, I'm not dealing with that part. I give it to the dealer with the pay-off amount and tell them to have fun. That's the great thing about dealers. They do the annoying stuff.




They only valued my car at around $35k. In NC they valued it at $38k.
__________________
Miss my Boxster

Last edited by Bavarian Motorist; 07-10-2007 at 03:10 PM.
Bavarian Motorist is offline   Reply With Quote
Old 07-10-2007, 03:47 PM   #7
Registered User
 
Join Date: Jan 2005
Location: Dallas, TX
Posts: 1,460
Nice choice. If I could fit in one, I'd do the same.

I saw one at the body shop where I got my conversion done...

Those tires look mean.
__________________
.
1997 Honda Accord | V6
2004 BMW 330i | ZHP | SOLD
2000 Porsche Boxster | SOLD | http://www.986forum.com/forums/showthread.php?t=9114

http://www.kryzak.com/storage/986sig12.jpg

http://kryzak.tumblr.com
Jeph is offline   Reply With Quote
Old 07-10-2007, 04:10 PM   #8
Registered User
 
Join Date: Feb 2005
Location: Chicago
Posts: 283
Traded my Elise for a Box.

A couple of tips:

1) Wash the car with the nose pointing DOWN the driveway! Or lots of water will pool in the rear trunk.

2) Make sure you get some kind of paint protection like the 3M clear stuff. After ten minutes of driving the car will be specked with paint chips especially on the rear quarters from rocks from the front wheels.

3) The heat and AC suck so top off motoring on some of the cooler days will be out. Get handy with putting on the top quickly as it can be a pain in the ass in an unexpected downpour.

4) Be prepared to ALWAYS keep the car above 6500 rpm as the car seems to go nowhere under this. But once over 6500...watch out!!!!

5) Because it is a true track car you will hear EVERYTHING rattling and snapping and shaking, and you will FEEL everything. No...the car is not falling apart...it just sounds/feels like it.

Thats all I can think of now since having mine for just over a year. I had expected to use it as a car for the street and never on the track. Unfortunately I was dissapointed since I could never fully use the car as intended. Although the COOL factor was definitely there! Good luck and congrats!
__________________
2000 Porsche Boxster S
2007 Lexus RX350
xclusivecar is offline   Reply With Quote
Old 07-10-2007, 04:25 PM   #9
blkboxster
Guest
 
Posts: n/a
I have my own web development company that is a partnership with my two friends. It is a registered partnership in Nassau county. www.activtecsolutions.com

lol, it looks like someone needs to help you out with your own website
  Reply With Quote
Old 07-11-2007, 03:47 AM   #10
Registered User
 
Join Date: Nov 2006
Location: NYC area
Posts: 681
Quote:
Originally Posted by xclusivecar
Traded my Elise for a Box.

A couple of tips:

1) Wash the car with the nose pointing DOWN the driveway! Or lots of water will pool in the rear trunk.

2) Make sure you get some kind of paint protection like the 3M clear stuff. After ten minutes of driving the car will be specked with paint chips especially on the rear quarters from rocks from the front wheels.

3) The heat and AC suck so top off motoring on some of the cooler days will be out. Get handy with putting on the top quickly as it can be a pain in the ass in an unexpected downpour.

4) Be prepared to ALWAYS keep the car above 6500 rpm as the car seems to go nowhere under this. But once over 6500...watch out!!!!

5) Because it is a true track car you will hear EVERYTHING rattling and snapping and shaking, and you will FEEL everything. No...the car is not falling apart...it just sounds/feels like it.

Thats all I can think of now since having mine for just over a year. I had expected to use it as a car for the street and never on the track. Unfortunately I was dissapointed since I could never fully use the car as intended. Although the COOL factor was definitely there! Good luck and congrats!

Thanks for the tips. This example does have the starshield.



I have to be extra careful about how I drive it, how I park it, how I go over bumps, etc. I realize this and accept it fully.
__________________
Miss my Boxster
Bavarian Motorist is offline   Reply With Quote
Old 07-11-2007, 06:36 AM   #11
Registered User
 
Join Date: Jan 2007
Location: Texas
Posts: 1,311
Quote:

"That's because Daddy is helping him get it. Ask him how old he is and what he does for a living. Sorry, no offence Bavarian. "

Originally Posted by porsche986spyder




I'm sorry, but... how do you know this?


I have my own web development company that is a partnership with my two friends. It is a registered partnership in Nassau county. www.activtecsolutions.com

What do you do?


Hey, I have an idea! Why don't we all mind our personal business instead of caring about others' so as to not look like an ass wipe? Oh, how well that works...
End Quote:

There is no need for name calling. Your right, but I was only making an observation. your profile says you are under 21 and you did not list any type of occupation. I'm a Senoir Art Director for a well known Nascar sponsor. Let me know if you want some help with that web site. You also mentioned that your dad was going to take the car off your hands until next year if you opted for an 08 Lotus, which led me to believe he was taking over your payments since you said that you were leasing the Boxster. I could only guess that the lease agreement does not end until some time next year.
porsche986spyder is offline   Reply With Quote
Post Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -8. The time now is 10:10 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2026, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0
Copyright 2025 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website -    DMCA Registered Agent Contact Page