Porsche to Fight 911 S/T Flippers with Leasing
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In recent years, Porsche has witnessed a rapid increase in demand for its rare, limited-edition 911 S/T models. This surge in popularity has given rise to a phenomenon known as “flipping” – the act of purchasing an exclusive vehicle at the original price only to sell it immediately afterward for a profit. However, Porsche now aims to put a stop to flippers through an innovative new leasing strategy that will ensure these highly sought-after vehicles remain in the hands of true enthusiasts.
Flipping is not a new concept in the automotive world, but it has become particularly damaging within the luxury sports car market. Many buyers have been exploiting the limited availability of exclusive Porsche models like the 911 S/T to their advantage. As soon as these collectors acquire in-demand vehicles from dealerships, they sell them at a significantly inflated price. This practice has resulted in disgruntled customers unable to secure their dream Porsche without paying well above its recommended retail price.
To combat this issue, Porsche is devising a new leasing strategy that not only discourages potential flippers but also prioritizes genuine fans eager to purchase a limited-edition 911 S/T. The company plans on implementing strict leasing terms on specific models, effectively barring buyers from selling cars during active lease periods and forcing them to drive the car themselves rather than inflate resale prices.
This initiative not only discourages flipping but also benefits other parties involved in the process – dealerships will no longer be reaping financial rewards from high resale prices while customers will have improved chances of obtaining limited-edition models without overpaying.
Another benefit of this approach is that it ensures these prized Porsche vehicles remain on the road, rather than becoming dormant assets sitting idly as investments or toys for wealthy collectors. By leasing the 911 S/T models directly from Porsche, sports car enthusiasts can provide these machines what they deserve: careful maintenance and regular use.
Porsche’s move signals a significant shift in the industry and demonstrates the company’s dedication to remaining loyal to its customer base, ensuring that its vehicles remain accessible to admirers rather than just investors. This strategy may very well set a precedent for other automakers looking to protect the integrity of their brand and fend off greedy flippers looking to take advantage of limited-edition releases.
Time will tell whether Porsche’s noble efforts to thwart the undesired effects of flipping in the luxury sports car market prove successful. Regardless, these initiatives underline the importance of preserving the beauty, exclusivity, and excitement of driving a Porsche – something true enthusiasts will undoubtedly appreciate.