[car_crazy]

Assuming you had enough money to either buy or lease. Which one would you do and why? Theres so many different reasons why each one is better. But for you which one would better fit you and why?

 

[cayenne-guy]

I'd rather buy it so I can do anything I want to it without worrying about having to return everything to stock when I return a lease. Plus its a better investment in general.

 

[Porsche4e]

I have a question- I recently acquired a 2008 Porsche Cayenne. When I purchased it, it had 42000 miles and still the original manufacturer's warranty.
Now that I am approaching 50,000 miles the original warranty is set to expire and I have looked a bit into the extended warranty options.
First question would be- is the extended warranty ($5000 expense) worth it on this type of car?
Second question- in your experience with german cars do you believe there are occurences with the car that happen frequently after 50k miles?

 

[TDR]

I lease.

 

[grohgreg]

I have a question- I recently acquired a 2008 Porsche Cayenne. When I purchased it, it had 42000 miles and still the original manufacturer's warranty.
Now that I am approaching 50,000 miles the original warranty is set to expire and I have looked a bit into the extended warranty options.
First question would be- is the extended warranty ($5000 expense) worth it on this type of car?
Second question- in your experience with german cars do you believe there are occurences with the car that happen frequently after 50k miles?

This is a buy or lease topic. It would be courteous to start your own topic regarding aftermarket warranties.

 

[grohgreg]

I've paid cash for nearly every car I've purchased in the last 45 years But the price of new cars has risen beyond the capability of the average mortal to do that anymore. There's no lien on my 2011 Touareg either. But that's probably the last cash deal I'll ever be able to afford.

I thought leasing cars for a period not to exceed their service warranty might be the way to go, but I forgot about equity. I'm getting $40k trade-in for the Touareg, and have already paid $5k down. That only leaves $24k difference for the Cayenne I just ordered, and puts lease payments down in the dirt. But it also means I'll suffer reduced equity on each subsequent lease. Reduced equity means higher lease payments. Catch 22.

So I'm gonna finance this Porsche, even if it's only $24k. Between now and the next car - if I live that long - I'll let some accountant work out the buy vs lease decision.