Porsche Attempts to Curb Owners from Flipping New 2024 911 S/T With Required 12 Month Lease Program

posted by  
Filed under Automotive, News, Porsche

The highly anticipated 2024 Porsche 911 S/T, with its price tag starting at a hefty $291,650, has become a center of attention for more reasons than one. Not only is it the lightest member of the illustrious 911 family, but it’s also considered a potential future collectible.

The luxury car market is known for exclusivity, and the 911 S/T takes this to a whole new level. With a fully-loaded model pushing the price close to $375,000, it’s clear that this is a vehicle designed for those who appreciate automotive excellence at the highest level. However, Porsche is making an unconventional move by introducing a mandatory 12-month lease program for the initial owners of this prized possession.

Frank Moser, the head of the 911 and 718 model lines at Porsche, sheds light on this unique ownership strategy. He mentions that the 911 S/T, commemorating 60 years of the iconic 911, garnered an unprecedented level of interest upon its announcement, far surpassing the available allocation for the US market. To ensure that these vehicles find their way into the hands of true enthusiasts who will drive and cherish them for years to come, Porsche has implemented a minimum retention period of one year. In practical terms, this means that customers in the US will initially lease the vehicle for the first year before full ownership is transferred.

This approach is not just a mere formality; it reflects Porsche’s commitment to preserving the essence of the 911 S/T as a symbol of automotive excellence. By requiring owners to hold onto their cars for at least a year, Porsche aims to deter speculators and resellers who might be tempted to purchase the vehicle with the sole intention of flipping it for quick profit. In doing so, Porsche hopes to maintain the car’s exclusivity and ensure that it remains in the hands of those who genuinely appreciate its engineering prowess.

While this ownership program may be unconventional, it highlights the unique status of the 911 S/T within the Porsche lineup. With the first customer deliveries expected in the spring of the following year, it’s clear that Porsche is taking meticulous steps to safeguard the legacy and reputation of this high-performance machine.

The 911 S/T isn’t just about exclusivity, though. It boasts an impressive list of features, including being the lightest new 911 and packing a potent 518-horsepower flat-six engine borrowed from the 911 GT3 RS. With a six-speed manual gearbox standard on all 1,963 planned production units, it promises an engaging and thrilling driving experience that’s sure to delight enthusiasts.

In a world where luxury cars can sometimes be seen as mere status symbols or financial investments, Porsche’s decision to require a 12-month lease period for the 911 S/T sends a powerful message. It reminds us that some cars are more than just vehicles; they are symbols of engineering excellence, driving passion, and the thrill of the open road. And for those lucky enough to secure a spot on the exclusive list of owners, the 2024 Porsche 911 S/T promises a year of anticipation before truly becoming a part of their automotive legacy.


You May Also Like


Automotive Manufacturers & Categories