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THIS DISCUSSION / SOURCE-DERIVED OVERVIEW
Discussion summary
YOUR RESEARCH2002 996 Cabriloet $899 month-21 months, no $ down
Leading reported evidence
Use of the car
Suggestion or failed attempt
No successful repair reported for this finding.
0
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0
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1
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1
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Suggestion
This is just my opinion...when you lease a car you are economically paying for two things - 1) a "rent" for the use of the car which is related to the depreciation and financing you would otherwise pay; and 2) an option to buy the car at the end of the lease, which you would do if the FMV is more than the buyout price.
2002 996 Cabriloet $899 month-21 months, no $ down
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Leading evidence: 'Use of the car' (no explicit attributable resolution; this is a reported action or suggestion). Across 1 matching discussions, The most frequently discussed action is 'Use of the car' (1 discussions). For that action, 0 discussions report a resolution and 0 report an unsuccessful attempt. No action has an explicit, attributable resolution report under the current rules. These are forum reports and suggestions, not a confirmed diagnosis.
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Use of the car
No successful repair reported for this finding.
0
Reported fixes
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Unsuccessful attempts
1
Discussions
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Discussions that contain suggestions
1
0 original-poster resolution reports. Counts can overlap; they are not unique people or a success rate.
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Suggestion
This is just my opinion...when you lease a car you are economically paying for two things - 1) a "rent" for the use of the car which is related to the depreciation and financing you would otherwise pay; and 2) an option to buy the car at the end of the lease, which you would do if the FMV is more than the buyout price.
2002 996 Cabriloet $899 month-21 months, no $ down
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8 eligible posts · 0 unverified posts · 1 discussions match the subject in their title or opening post.
Rennlist: 1 discussions
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Hi,
You might try posting this car to
www.swapalease.com
(I have no affiliation with them) as they tend to do a good job of handling lease transfers, etc.
Just a thought.
the car is now in NY (registered in FL)
the buyout is ridiculous high, so lets forget it.
You cannot find a better deal for a short term (24 months or less) lease with no money down. And if you can, you should grab it
This is just my opinion...when you lease a car you are economically paying for two things - 1) a "rent" for the use of the car which is related to the depreciation and financing you would otherwise pay; and 2) an option to buy the car at the end of the lease, which you would do if the FMV is more than the buyout price. At the beginning of a lease #2 (like all option instruments) has a value...now that option is worth zero so all your lease payment is for the "rental" payments.
Because the majority of the depreciation of a car occurs in the initial years instead of the latter, the lease payment towards the end of the lease effectively subsidize the lease payment early on. So the initial leaser gets the benefit of the subsidized "rent" and also the option value, which he partially pays for with the down payment. IMHO taking over a lease makes no economic sense unless someone is paying you to do so....$11-12K a year for a car worth $55-60K max is no bargain to me.
If someone were to enter into a short term lease where the probabability of exercising the buyout was zero, he'd be smarter to take over a car which was two years older with a lease payment that was $150-200 less per mo.
Just my $0.02.
henry
i am with you
this sounds like a tremendous bargain! the way i look at it is:
1)i get 2 new cars every 3-4 years so leasing is a great way to get in and out clean (no money up front and low monthly payments...more than 1/2 of which i write off anyway)
2)I would never own a 996 out of warranty b/c of the very real possibility of catostropic engine or other $$$ failure.
3)You are giving some lucky Ba$tard the chance to get into a basically new condtion $85k+ car for the price of a much lesser car.
4)I wish i saw an option like yours when i got my cab i would have been all over it!
good luck!...though i don't suspect you will need it
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