Porsche is trying to avoid car flipping and is leasing the new Porsche 911 S/T for the first year to avoid it. Owners will not be able to sell the car before it turns one year old. The German carmaker has experienced car flipping before with the Porsche 911 R.
The German sports carmaker is only building 1,963 Porsche 911 S/Ts. It is the detail that makes car flippers rub their hands. The car starts at $291,650. Selling it during the first year of ownership, considering that Porsche is building it in such low numbers, would surely help them cash in.
Porsche admitted to receiving massive interest in the car, with the requests outnumbering the number destined for the US, according to Frank Moser, Vice President for Model Lines 911 and 718.
To make sure that the 911 STs that they roll out end up in the garages of real enthusiasts and keep those who purchase them from making a profit, Porsche resorted to a strategy that prevents them from selling their cars during the first year of ownership. Thus, American customers who buy a Porsche 911 S/T will have to adhere to an agreed minimum period, set at one year, as reported by The Drive.
This means that, during this first year, the car won't be theirs, but leased. After 12 months, ownership will be transferred. The move is unique for the Stuttgart-based car manufacturer. But Porsche is planning to extend the strategy to other models as well. Back in 2017, the Porsche 911 R, which is basically a GT3 with a manual gearbox, was car flippers' favorite. The model showed up on the used car market with eye-watering pricess soon after deliveries started.
Photo: Porsche
The first Porsche 911 S/Ts will arrive in the United States in the spring of 2024. That means that there won't be any S/Ts on the used car market until the spring of 2025. The carmaker hopes that the hype will cool down by then.
With such a limited run below 2,000 examples and a starting price of almost $300,000, the 911 S/T is surely a collectible. Taking it to $400,000 is no issue once potential buyers start checking option boxes and can’t stay away from, let’s say, the Paint to Sample exterior color option, which adds $43,390 to the final price.
The model is powered by Porsche’s flat-six, the exact engine that sets the 911 GT3 RS in motion. It generates 518 horsepower (525 PS) and 343 lb-ft (465 Nm) of torque. The cherry on top is the six-speed manual gearbox that the car comes equipped with. Furthermore, the 911 S/T is the lights new 911. This is what makes the car run from 0 to 100 kph (0-62 mph) in 3.7 seconds on its way to a top speed of 186 mph (300 kph).
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