Lease Boxster or Cayman for $400/month possible?

[Perfectlap]

good grief if you can lease a NEW Boxster for $400 a month then you know this economy is in the crapper. Recent developments aside, Porsche is not Chrysler or GM. Its been the most profitable car company in the world for some time now. I doubt they feel the need to unload inventory for those kinds of prices. I don't see how you can turn a profit on an expensive car taking in less than $7K a year. Particularly when they know that the car is taking a walloping of depreciation faster and sooner since Mr. Porsche started this company.
But hey let me know if you score one and I'll pick one up meself and just put the 986S into long term storage!

as far as leasing and depreciation.. True its consumption. But I guess its like leasing your consumption vs. buying it out right. Most financial advisors will give you 10 reason against non-business leasing for every reason for it. They'll also give you a 100 reasons to take advantage of cheap credit to finance your consumption, namely freeing up capital for other assets. I guess it depends on how important it is for you to have your money growing and how important it is for you to go to sleep at night without debts.

[Evan528]

A local dealer was offering an 08 Boxster base for $359.00 a month with $4600.00 due at signing.

I was quoted $578 (Including tax) a month for an 08 boxster S with $1,000 down. Unfortunately I fell in love with An 08 Cayman S they had on the lot.... $700 DP and $699 a month it is costing me. Not cheap but compared to other Cayman S' on Swap a lease it looks like I got a fantastic deal.

[leesboxster]

You Americans are so lucky

$400 a month gets you a basic domestic car in Canada

A base Boxster runs $1000 a month to lease over 4 years!!!!
A basic "3" series BMW $600 per month, still with PDI, freight etc due on pick up

Our cars are expensive

Get what makes you happy

cheers

[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.