Porsche 911 S/T Buyers Will Be Forced To Lease Their Cars To Curb Flipping
— 3 October 2023

Porsche 911 S/T Buyers Will Be Forced To Lease Their Cars To Curb Flipping

— 3 October 2023
Nick Kenyon
WORDS BY
Nick Kenyon

As we saw with the brand new 2023 Porsche 911 Dakkar recently put up for auction, the current market for special editions of the German automaker is white hot. That’s why for the upcoming Porsche 911 S/T, owners will need to lease their cars from their dealer for the first year — to prevent flippers from making a quick buck.

For any lucky Australian buyers of the Porsche 911 S/T, this practice is understood to be limited to the US where the lion’s share of the 1,963 examples are expected to be. However, once the one-year cool-off period expires, owners will be able to sell their cars for as high a price as they can manage, meaning the effectiveness of such a strategy could be limited.

“When the 911 S/T — marking 60 years of the 911 — was announced, we received unprecedented interest in the car, far outnumbering the number destined for the U.S.,” explained Frank Moser, Porsche’s boss of 911 and 718 models. “We want to ensure that cars are available to reach true enthusiasts, to be driven and enjoyed for years to come. For this reason, those allocated a 911 S/T in the U.S. will be required to adhere to an agreed minimum retention period, set at one year.”

“In practice, this will mean that cars in the US will initially be leased for this period, before ownership is transferred,” Moser said. “This process is currently unique to the 911 S/T, with the first cars due to arrive in the US in Spring 2024.”

Will a lease clause in the Porsche 911 S/T owners contract see the market calm down? We’ll have to wait and see.

Nick Kenyon
WORDS by
Nick Kenyon is the Editor of Boss Hunting, joining the team after working as the Deputy Editor of luxury watch magazine Time+Tide. He has a passion for watches, with other interests across style, sports and more. Get in touch at nick (at) luxity.com.au

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