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Re:Porsche will begin an app-based subscription service next... by amelius on Tuesday October 10, 2017 @05:21PM (#15445405)
$2000 a month??

Wouldn't it be possible to lease at least two Porches permanently for that amount from an existing car-lease firm?

Re:Porsche will begin an app-based subscription service next... by matt_wulfeck on Tuesday October 10, 2017 @05:27PM (#15445454)
> Porsche is looking for a way to reach younger consumers whose shopping and transportation habits have been shaped by Silicon Valley giants like Uber Technologies...

Apparently no one told them that these new consumers are broke as a joke also.

Re:Porsche will begin an app-based subscription service next... by tsunamifury on Tuesday October 10, 2017 @10:51PM (#15446971)
I'm not and I often rent sports cars instead of buy them and let them become garage queens.
Re:Porsche will begin an app-based subscription service next... by iooi on Tuesday October 10, 2017 @05:29PM (#15445469)
http://porschedealer.com/pfs/

You could easily lease two including insurance, registration, and maintenance.

I don't think the added flexibility of being able to swap your 718 for a Cayenne when you need to haul furniture (or have more than two people) is worth it.

Re:Porsche will begin an app-based subscription service next... by WhitneyLand on Tuesday October 10, 2017 @06:12PM (#15445754)
It’s not clear that’s true. Leases don’t typically cover other costs like insurance. Also this seems like it might not have the 2 to 3 year long commitments, which can really really drive down the apparent, if not actual cost of a lease.
Re:Porsche will begin an app-based subscription service next... by compiler-guy on Tuesday October 10, 2017 @07:20PM (#15446090)
The linked page puts leasing a 718 Boxster at ~$1400 a month on a 24 month lease. There is no way that the additional taxes, title, license, insurance and maintenance will cost more than $600 a month.

Yes, there is a long-term commitment, but you can get a a lot of car for $2000 a month, all-in.

So it would be cheaper to lease a boxster as the primary vehicle, and, when you need one, just rent a truck over a weekend or whatever.

Re:Porsche will begin an app-based subscription service next... by WhitneyLand on Tuesday October 10, 2017 @09:44PM (#15446727)
The commitment makes a big difference in the price. Want a 718 with a 30 year lease? If it existed the payment could be quite low.

Porsche maintenance is also much more expensive than Toyota maintenance, to say the least. Even stuff you don’t do at the dealer, like tires, most people don’t want cheap tires on those cars.

I can’t say for sure how good of a deal it is or not, it would take some calculation and research, I just know it can’t be dismissed without a closer look. There is value in short term, all inclusive subscription plans, it’s just a question of what the real premium nets out to be, and the market demand to pay that premium.

Re:Porsche will begin an app-based subscription service next... by rconti on Tuesday October 10, 2017 @07:16PM (#15446075)
Particularly the deposit/down payment.
Re:Porsche will begin an app-based subscription service next... by kevin_thibedeau on Tuesday October 10, 2017 @06:04PM (#15445701)
Or maybe just slum it and buy a new Touareg as an extra utility beater.
Re:Porsche will begin an app-based subscription service next... by mustacheemperor on Tuesday October 10, 2017 @05:36PM (#15445514)
Is the target market people with newly disposable income but destroyed/nonexistent credit? Could explain the "millenial" target, if you ran up a bunch of credit cards in college but have a software job now, go ahead and "subscribe" to a car for 2x the price of a lease! Then when it gets repo'd for nonpayment you're not defaulting on your lease, you're just lapsing your subscription!
Re:Porsche will begin an app-based subscription service next... by amelius on Tuesday October 10, 2017 @05:51PM (#15445621)
Perhaps the target market is people who accidentally install the app :)
Re:Porsche will begin an app-based subscription service next... by SimbaOnSteroids on Tuesday October 10, 2017 @05:37PM (#15445518)
Insurance on these cars would cost a small fortune as well, as would replacing the tires, also maintenance because it has that special, not a v6 or inline-6, but flat 6 engine design, so gotta go to a special shop.
Re:Porsche will begin an app-based subscription service next... by MrFoof on Tuesday October 10, 2017 @06:58PM (#15446004)
I pay just under $100/mo to insure a 1 of 724 (in the US) Boxster Spyder for 7,000 miles a year. For comparison, my 10-year old Mazda Miata ran me $62/mo with identical coverage, and was worth about 10% as much. However, unlike the Miata, I have declared value insurance because the car is worth 15% more than when it was new. Miata had typical depreciation insurance.

Tires more expensive? Yes, because they're bigger. ~$1500/set versus $1000/set (shipped, mounted and balanced) for the Miata, and the rears wear out about twice as fast.

Maintenance? If I went to a dealer for service, labor rate is 24% higher compared to a local Mazda dealer. I instead go to one of the best Porsche independents in the US and he's about 12% more than a local Mazda dealership, and he has way cooler stuff in his garage (last time I went, three 959s, a one-of-17 TechArt CTR3, and other craziness). Though still lots I can do myself.

Parts? I did a full brake job recently, and it cost ~10% more than something like a Subaru WRX STi. I actually used uprated brake fluid (which was +$20 over OEM), though everything else was OEM.

The only major long-term expense is engine rebuilds. Figure 25-30% more than rebuilding a mainstream V8 like a Toyota 1UR/3UR, Ford Coyote or Chevy small block. Though that's usually every 15-25 years (depending on engine hours at high RPM), so that's something you just sock money away for well in advance.

Re:Porsche will begin an app-based subscription service next... by Viper007Bond on Tuesday October 10, 2017 @07:02PM (#15446022)
Insurance can be weird. For a while I was paying less for insurance on my 2008 Dodge Viper than I was on my 2001 Ford Mustang GT. It's all risk tables.
Re:Porsche will begin an app-based subscription service next... by traviswingo on Tuesday October 10, 2017 @10:25PM (#15446877)
Insurance rates are all determined categorically. Mustangs have a higher “accident rate” because they’re cheap and fast and young people with lower incomes, who are also most likely irresponsible, buy them and crash them.

Vipers aren’t exactly in the same group. It’s not performance based, just statistics.

Re:Porsche will begin an app-based subscription service next... by Viper007Bond on Wednesday October 11, 2017 @02:33AM (#15447694)
Yep, exactly.
Re:Porsche will begin an app-based subscription service next... by nunez on Tuesday October 10, 2017 @07:53PM (#15446218)
Aren’t Mustangs more common and thus easier to steal?
Re:Porsche will begin an app-based subscription service next... by mulmen on Wednesday October 11, 2017 @01:11AM (#15447446)
Why would they be easier to steal because they are more common? Criminals have more experience with them?
Re:Porsche will begin an app-based subscription service next... by dragonwriter on Wednesday October 11, 2017 @01:25AM (#15447482)
More common cars are easier to sell (or sell parts from) after stealing, and easier to avoid getting caught after stealing.

The act of stealing them may not be easier, but the enterprise of stealing them is.

Re:Porsche will begin an app-based subscription service next... by flachsechs on Tuesday October 10, 2017 @08:08PM (#15446280)
they're also involved in far more accidents.
Re:Porsche will begin an app-based subscription service next... by traviswingo on Tuesday October 10, 2017 @10:27PM (#15446885)
I feel like I’ve seen more busted up GTs than anything else. I guess it makes sense when you build a 400hp muscle car and sell it for less than $30k.
Re:Porsche will begin an app-based subscription service next... by nunez on Wednesday October 11, 2017 @12:44AM (#15447350)
Lol true

Janky Mustang GTs are everywhere

Re:Porsche will begin an app-based subscription service next... by fashionrob on Tuesday October 10, 2017 @06:29PM (#15445869)
my 2015 cayman 6speed costed less than my 2016 audi s3 for insurance. no accidents in 6+ years
Re:Porsche will begin an app-based subscription service next... by rounce on Wednesday October 11, 2017 @02:36AM (#15447704)
How can you have had a 2015 car for 6+ years? This doesn't make sense.
Re:Porsche will begin an app-based subscription service next... by myrandomcomment on Tuesday October 10, 2017 @08:43PM (#15446469)
Have you priced out a Porsche? Not the "stock" model, the one you would really buy/lease. For every starting pricing on a Porsche in the configurator add 30K-50K by the time you are done. I own 2. Love them. Best cars every. Fun to drive and they do not try to kill you (well most of them). I cannot wait for the Mission-E to hit. Its my next car.
Re:Porsche will begin an app-based subscription service next... by FrojoS on Tuesday October 10, 2017 @06:02PM (#15445689)
I might be wrong, but I think leases typically run for at least two years, whereas this apparently can be canceled on a monthly base.
Re:Porsche will begin an app-based subscription service next... by ckluis on Tuesday October 10, 2017 @06:09PM (#15445740)
Don’t forget this includes insurance, mechanical work, registration, detailing when switching between cars. It also lets you use an SUV for a trip, a sports car for a date, or the sedan as needed. Flexibility always costs more. Hard-coded (single car) vs Configurable (multi-car)… what’s easier?
Re:Porsche will begin an app-based subscription service next... by NegativeLatency on Tuesday October 10, 2017 @05:29PM (#15445462)
>We now have millennials who are incredibly successful and have the financial power to own a Porsche, but might not be willing to own a Porsche today

It's pretty ridiculous.

Re:Porsche will begin an app-based subscription service next... by ajkjk on Tuesday October 10, 2017 @06:48PM (#15445952)
What do you mean?
Re:Porsche will begin an app-based subscription service next... by rexf on Tuesday October 10, 2017 @05:28PM (#15445460)
There's a $1,500/month similar service for Cadillacs https://bookbycadillac.com
Re:Porsche will begin an app-based subscription service next... by perryh2 on Tuesday October 10, 2017 @05:34PM (#15445498)
I've been getting a lot of ads from this new on-demand service from Audi. https://www.us.audiondemand.com/
Re:Porsche will begin an app-based subscription service next... by usrusr on Tuesday October 10, 2017 @07:51PM (#15446207)
Some people might be willing to burn money today, but unwilling to commit to payments a year ahead. I think anything between moderate success and exactly zero customers is a possible outcome.