Jan 26, 2013 9:35:03 AM
- bridggar
- Veteran
- Loc: UK , United Kingdom
- Posts: 1223, Gallery
- Registered on: May 25, 2007
- Reply to: Leawood911
Jan 26, 2013 9:35:03 AM
RC:
nberry:
Christian, leasing is not for everyone. Look at this way. You are burning I guess about $5000 a month or $60,000 a year for your various mode of transportation. In one year for that money you could OWN a Cayenne. In two years ($120,000) you could OWN a Turbo. In three years buy a good used super car. And this does not include money saved for you children education.
Leasing to driving the latest car model can get very expensive.
You are wrong (in my case). A car looses a substantial value over the first three years of ownership. I like to drive the latest models most of the time, so keeping a car longer than three or four years is out of the question for me.
Let me do some math: My Cayenne GTS has a new car value of 123k EUR, rebate was 11%, so this makes aprox. 110k EUR. My down payment for the lease was 40k EUR and I pay 350 EUR (incl. VAT) per month for three years.
52600 EUR for a three year lease period, this makes 17533 EUR per year or 1461 EUR per month. So the car would, theoretically, have a remaining value of 57400 EUR after the three years lease. If I would have bought the car, would I get 57400 EUR for it after three years of ownership? I highly doubt it, especially since in three years, the facelift is out, the Macan will be available too and the next generation of the Cayenne will just be around the corner. Maybe 45-50k EUR if I am lucky and the fuel prices didn't go through the roof. Yes, I would need to sell it after three years to be able to finance my next car.
For me, this makes a lot of sense. For other people, who keep their cars longer than three or four years, it may not.
I also like the fact that after three years, I just leave the car at the dealer and I'm done with it. No worries, nothing since the residual value is not my concern.
I drive my cars with a lot of pleasure and I love them but I'm not married to them. The next model is almost always better, faster, etc., you get my point.
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RC (Germany) - Rennteam Editor Porsche Panamera Turbo S, Cayenne GTS (958), BMW X3 35d (2012), Mini Cooper S Countryman All4
You would like this one then, Christian. http://www.bmw.co.uk/en/topics/owners/offers/m-series/m5-saloon/retailoffers.html
I know, its not 4 wheel drive . I think it's a cracking deal, small deposit and an okay monthly payment. BMW are trying there best to shift units, that's for sure..
--
throt
"I didn't do it"
That's an amazing finance deal - BMW's M5 is obviously selling about as well as Porsche's 991.....
Mind, a business colleague of mine has one, and it's spent nearly as much time broken with BMW as it has on the road....
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Porsche 997 Carrera S PDK Aqua Blue / Black - Toyota Yaris D4D "Clockwork Rat"
Woolfe:
Resale value?
Absolutely horrendous. Much like any car in that bracket totally unjustifiable unless a company is footing the bill. Buy used if you are brave! At least a used 991 should have bullet proof reliability.
Porsche 997 Carrera S PDK Aqua Blue / Black - Toyota Yaris D4D "Clockwork Rat"
nberry:
Christian, do I detect an element of frustration in your post? Facts are what they are.
FWIW, the CRV has been a glorious purchase. Wrote a check for $24,000 three years ago and all I have done is change oil ($50) a few times and purchased a new set of tires $400. The car has been bullet proof and it rides beautifully. AND its resale value is strong. Can't ask for much more.
Now ask me about my Cayenne purchase several years ago.
Nick, I didnt know you were a closet Scotsman
Consider... That you will never get the time back that you have spent in a Honda, ever! Its all akin to having a ugly wife that costs less or a pretty wife...I think you know the answer on that.
If you´re using it as a DD 991 is the best option available, but as a second car I wouldn´t go for the 991. I´ve a 997.2 S and really don´t see a reason to change for the 991, not because it´s not worth it, the 991 looks better and more modern than 997, it´s faster , nicer interior, safer and easy to drive but...it simply doesn´t have the "wow" factor I want on my next toy, it doesn´t make my heart beat, it doesn´t put a smile on my face each time I see one, it´s just another updated 911.
I belive if I had a 997.1 the reasons would be the same. Dont get me wrong, I love my 997 and it´s a better car now than when I bought it new back in 2009. The PSE+SW by pass , new steering wheel with padles and sport supension made it a much better toy to play with.
J.Seven
nberry:
Christian, do I detect an element of frustration in your post? Facts are what they are.
FWIW, the CRV has been a glorious purchase. Wrote a check for $24,000 three years ago and all I have done is change oil ($50) a few times and purchased a new set of tires $400. The car has been bullet proof and it rides beautifully. AND its resale value is strong. Can't ask for much more.
Now ask me about my Cayenne purchase several years ago.
My little Clockwork Rat does 80 miles a day, this time of year 6 days a week. Nothing has gone wrong in 2 1/2 years, nothing rattles, leaks or sqeaks. That car cost less to buy new than I lost on my new Cayman in 6 months of ownership. I agree with you Nick, it's wrong to knock these cars they are bought as a tool not for pleasure.
Porsche 997 Carrera S PDK Aqua Blue / Black - Toyota Yaris D4D "Clockwork Rat"
dreamcar:
nberry:
Christian, do I detect an element of frustration in your post? Facts are what they are.
FWIW, the CRV has been a glorious purchase. Wrote a check for $24,000 three years ago and all I have done is change oil ($50) a few times and purchased a new set of tires $400. The car has been bullet proof and it rides beautifully. AND its resale value is strong. Can't ask for much more.
Now ask me about my Cayenne purchase several years ago.
My little Clockwork Rat does 80 miles a day, this time of year 6 days a week. Nothing has gone wrong in 2 1/2 years, nothing rattles, leaks or sqeaks. That car cost less to buy new than I lost on my new Cayman in 6 months of ownership. I agree with you Nick, it's wrong to knock these cars they are bought as a tool not for pleasure.
I agree with you and the Nickernator.
I too have tool which is well used..
throt
"I didn't do it"