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Auto Talk => Luxury Talk => Topic started by: 68_427 on October 18, 2017, 05:44:43 AM

Title: Porsche Passport
Post by: 68_427 on October 18, 2017, 05:44:43 AM
Just like Cadillac's "Book"

http://www.porschepassport.com/

$2000/mo for Cayman, Boxter, Macan, Cayenne

$3000/mo for 911, Panamera, Cayman, Boxter, Macan, Cayenne


Both plans include:

-$1 million liability insurance policy; $1,000 deductible for drivers
-Roadside assistance, taxes, full detail washes and maintenance
-Personal concierge who will clean and deliver each vehicle
-no limits on vehicle "flips" or mileage


QuoteHow does Porsche Passport work?

Members use the Porsche Passport app to request their next vehicle, including when and where they would like it delivered. A concierge will deliver the new vehicle, transfer everything over to the new vehicle, and ensure you are all set to go. Flip into a new model as often as you would like. Our goal is to ensure you have the perfect vehicle for any occasion.

What's included in a Porsche Passport subscription?

Every subscription includes rights to a vehicle, insurance and unlimited flips between vehicles. There are no mileage limits. The concierge team delivers hand-detailed vehicles to any location within the service area. We take care of all maintenance and repairs so you can focus on driving.

How does Porsche Passport pick the perfect ride for me?

Think of us as your personal concierge service. Tell us about your needs and we will match them with the perfect ride. Road trip? Special date night? We've got you covered.

How does insurance work?

Insurance is included with all Porsche Passport subscriptions. All approved drivers are covered by the Porsche Passport insurance policy. Policy highlights:

$1,000 deductible
$1,000,000 liability coverage (combined single limit)
$300,000 uninsured motorist (combined)
$2,000 medical payments to offset any out of pocket or deductible costs
How long can I keep each vehicle?

As long as you want!

There are no restrictions on how long or how short your flips can be. Occasionally, we will ask for vehicles back to do routine tasks like preventive maintenance. However, at worst, we will flip you into a vehicle that is similar to the one you have.


Only in the Atlanta area right now.
Title: Re: Porsche Passport
Post by: 12,000 RPM on October 18, 2017, 06:02:24 AM
Mixed feelings

Everyone's gonna want a Macan/Cayenne in the winter and a Cayman/911 in the summer.... anyone who can do anything year round would probably save money with a regular lease. From what I'm seeing a 36 month lease with nothing down equates to ~1.5% of the car's price for Porsches.... so a $110K C2S will be about $1600-1700/mo. And it's "yours" (as in 24/7/365 access), not sure what's up with this.

I think this model could work for used cars more than anything; whoever ran it would just have to be a beast on maintenance
Title: Re: Porsche Passport
Post by: r0tor on October 18, 2017, 06:11:11 AM
Mixed feelings...

-  Its not a terrible deal especially with insurance being included
- If it was available in the north you could have your sports car in the summer and SUV in the winter
- You can basically "drive them like you stole them" since you never have to maintain them
- Since your always swapping, will you ever really develop that connection you get with a car you really love?
Title: Re: Porsche Passport
Post by: 68_427 on October 18, 2017, 07:06:03 AM
Quote from: r0tor on October 18, 2017, 06:11:11 AM
Mixed feelings...

- Since your always swapping, will you ever really develop that connection you get with a car you really love?

Well there's no limit to how long you can keep a car so maybe you can get the same car back after scheduled maintenances?  Or at the very least it says they use your requests to try to determine what you like in a vehicle to best match what they have available to you.
Title: Re: Porsche Passport
Post by: giant_mtb on October 18, 2017, 07:10:24 AM
Mixed feelings

- I can't afford that shit
Title: Re: Porsche Passport
Post by: Payman on October 18, 2017, 07:14:19 AM
Insurance included is a huge benefit. Also, you're not financing and insuring a Boxster for the summer and a Macan for the winter, and you don't have to garage either one for the season.  :hmm:
Title: Re: Porsche Passport
Post by: Payman on October 18, 2017, 07:15:08 AM
Quote from: giant_mtb on October 18, 2017, 07:10:24 AM
Mixed feelings

- I can't afford that shit

Me either, but I can see the appeal for those that can.
Title: Re: Porsche Passport
Post by: Soup DeVille on October 18, 2017, 07:29:45 AM
Am disappoint this is not about a Nissan in a horrible body kit.
Title: Re: Porsche Passport
Post by: MrH on October 18, 2017, 07:32:13 AM
Wow.  That is really, really expensive.  Pretty sure turbos and GT3s are excluded too, right?
Title: Re: Porsche Passport
Post by: Payman on October 18, 2017, 07:32:37 AM
Quote from: Soup DeVille on October 18, 2017, 07:29:45 AM
Am disappoint this is not about a Nissan in a horrible body kit.

Don't you mean Honda, which itself was a rebadged Isuzu?
Title: Re: Porsche Passport
Post by: Soup DeVille on October 18, 2017, 07:51:34 AM
Quote from: Rockraven on October 18, 2017, 07:32:37 AM
Don't you mean Honda, which itself was a rebadged Isuzu?

That too.
Title: Re: Porsche Passport
Post by: CaminoRacer on October 18, 2017, 09:48:48 AM
Quote from: Rockraven on October 18, 2017, 07:14:19 AM
Insurance included is a huge benefit. Also, you're not financing and insuring a Boxster for the summer and a Macan for the winter, and you don't have to garage either one for the season.  :hmm:

Does insurance cost $1,000 a month?
Title: Re: Porsche Passport
Post by: Payman on October 18, 2017, 09:50:29 AM
Quote from: CaminoRacer on October 18, 2017, 09:48:48 AM
Does insurance cost $1,000 a month?

Dunno what insurance on two Porsches cost a month, but I bet it ain't cheap.
Title: Re: Porsche Passport
Post by: Xer0 on October 18, 2017, 09:52:06 AM
Quote from: giant_mtb on October 18, 2017, 07:10:24 AM
Mixed feelings

- I can't afford that shit

Its a sad life we have  :cry:
Title: Re: Porsche Passport
Post by: CaminoRacer on October 18, 2017, 09:55:38 AM
Quote from: Rockraven on October 18, 2017, 09:50:29 AM
Dunno what insurance on two Porsches cost a month, but I bet it ain't cheap.

Is that a valid comparison? Does the option to switch cars = owning two cars? You still can only have one car in the garage at a time.
Title: Re: Porsche Passport
Post by: veeman on October 18, 2017, 10:14:33 AM
The customer service of this is amazing though.  You never have to take your vehicle anywhere for service as a Concierge comes to your place of abode, transfers everything from your "old" car to your "new" car, and leaves.  That's awesome.  Pay a lot for it but it's great.  An extra $1000 a month gets you 911s and Panameras; obviously not super duper models of those but even base, those are very expensive cars. 

Hello. 
Hi Honey.  How's work? 
Busy, busy, busy.  This place sucks.  Can't wait to get out to the Hamptons tonight.
Yeah.  It's so good you have off this weekend.  Have you traded your Porsche yet?
I called them a few days ago.  They're coming this afternoon to get me a Cayenne. The guy will come to my office and give me the new keys.
Last time they gave us an ugly Maroon one! Did you tell them not to do that again?  I don't like Brown or Maroon. 
Yeah, I told them no Browns or Maroons. They left a message on my cell this morning saying it'll be a Silver one and to call them back if that's not O.K.
Silver.  Silver is fine. 
OK. Gotta run.  Love you.  Make sure the nanny gives the kids a bath before we go.  She's been getting so lazy.  I'll be home around 7.
Yeah.  You know we gotta get rid of her. Yesterday she called me while I was at yoga for something stupid and she knows not to do that?!
Yeah.  Bye.  Love you.
Bye. 
Title: Re: Porsche Passport
Post by: 93JC on October 18, 2017, 10:22:03 AM
The saddest part of that hypothetical exchange is that there are people who are that fucking 'bougie'.
Title: Re: Porsche Passport
Post by: Payman on October 18, 2017, 10:30:08 AM
Quote from: CaminoRacer on October 18, 2017, 09:55:38 AM
Is that a valid comparison? Does the option to switch cars = owning two cars? You still can only have one car in the garage at a time.

Well, for me the appeal is a Boxster for 8-9 months of the year, and a Macan or Cayenne for the winter. Since those would be financed, they'd require full insurance coverage, regardless of either of them sitting in the garage while I'm driving the other.
Title: Re: Porsche Passport
Post by: 2o6 on October 18, 2017, 10:43:08 AM
Quote from: 93JC on October 18, 2017, 10:22:03 AM
The saddest part of that hypothetical exchange is that there are people who are that fucking 'bougie'.


This is one of the big reason why I quit the BMW dealer
Title: Re: Porsche Passport
Post by: AutobahnSHO on October 18, 2017, 12:34:32 PM
Quote from: 2o6 on October 18, 2017, 10:43:08 AM

This is one of the big reason why I quit the BMW dealer

I can't even imagine the reality disparity between some of those folks and the majority of the rest of USA.
Title: Re: Porsche Passport
Post by: MexicoCityM3 on October 18, 2017, 12:58:54 PM
I´m old fashioned in that I like owning my cars. Especially cars like Porsches with a high level of emotional attachment. I only co-leased the GT4 because I couldn't afford it directly.
Title: Re: Porsche Passport
Post by: Cookie Monster on October 18, 2017, 01:01:13 PM
I would never lease as I like to rice out my vehicles.
Title: Re: Porsche Passport
Post by: 12,000 RPM on October 18, 2017, 01:40:00 PM
Quote from: Rockraven on October 18, 2017, 09:50:29 AM
Dunno what insurance on two Porsches cost a month, but I bet it ain't cheap.
Very geography dependent. Down here, rip off. NYC, bargain of the century. I was paying $300-400 for liability only on my $3000-5000 Accords/Maximas so I imagine a Porsche would be like $2000-3000/mo to insure
Title: Re: Porsche Passport
Post by: 2o6 on October 18, 2017, 01:42:48 PM
Quote from: 12,000 RPM on October 18, 2017, 01:40:00 PM
Very geography dependent. Down here, rip off. NYC, bargain of the century. I was paying $300-400 for liability only on my $3000-5000 Accords/Maximas so I imagine a Porsche would be like $2000-3000/mo to insure


My heart skipped a beat



I pay $94 a month for my Sonic, full coverage
Title: Re: Porsche Passport
Post by: 93JC on October 18, 2017, 01:56:51 PM
:confused:

Yeah, at first I thought he meant annual payments were $300-$400 for liability only. Per month? Gawd dayum! I pay ~$120/mo. for full coverage, and I feel like I'm getting hosed.
Title: Re: Porsche Passport
Post by: MrH on October 18, 2017, 01:58:01 PM
Quote from: 12,000 RPM on October 18, 2017, 01:40:00 PM
Very geography dependent. Down here, rip off. NYC, bargain of the century. I was paying $300-400 for liability only on my $3000-5000 Accords/Maximas so I imagine a Porsche would be like $2000-3000/mo to insure

:wtf:

I think we pay just under $170/month for full coverage on 3 vehicles for 2 drivers.
Title: Re: Porsche Passport
Post by: MrH on October 18, 2017, 01:58:35 PM
Yeah, something doesn't add up here
Title: Re: Porsche Passport
Post by: 2o6 on October 18, 2017, 02:03:22 PM
I could see it, when I was 16, allstate wanted me at like $345 a month if I had a solo policy.
Title: Re: Porsche Passport
Post by: 12,000 RPM on October 18, 2017, 02:07:58 PM
I was like 22-24 at the time, though it didn't drop much when I turned 25. I had the same coverage on my bike up there as down here; it's cheaper down here by 1/3. Full coverage on the cars here is about $90-100 per.
Title: Re: Porsche Passport
Post by: Payman on October 18, 2017, 02:27:10 PM
2 vehicles, $720 for the year. Granted, the Cabrio has vintage car insurance, which is $100, but full coverage on the Focus. I set my deductible pretty high... $2500.
Title: Re: Porsche Passport
Post by: 12,000 RPM on October 18, 2017, 02:41:07 PM
I think our deductibles are high as well. $1000. We can afford it
Title: Re: Porsche Passport
Post by: 2o6 on October 18, 2017, 02:52:50 PM
My deductible is $500.


Title: Re: Porsche Passport
Post by: veeman on October 18, 2017, 03:15:37 PM
People with high incomes/high net worth usually don't just have liability insurance. Also a good many of them probably have supplemental umbrella policies of $1 million plus on top of standard comprehensive/collision auto insurance. 

This isn't economically a good deal but it's convenient/very cool and many people don't have a love affair with their Porsche and would rather not deal with taking time out of their day to go to the dealership because of a strange noise coming from their car or a check engine light.

I could totally do something like this for my wife's car at a much much lower price point for a luxury or near luxury brand.  Oil change every 5,000 miles, tires and brakes every 35,000-50,000 miles, a recall or two, weird noises or electronic gremlins a couple of times, new battery and spark plugs and timing belt at 100 thousand miles, new headlights and brake/turn signal lights at 100 thousand miles, ... over a 5 to 7 year course you've spent a lot of time out of your life taking care of this stuff.  Just being honest here but these are sort of "man" things that you have to do.  You can't have your wife or nanny do this sort of stuff in most households.  Especially at a stealership where you don't know what they're going to "recommend". 

Kid vomits in the backseat on the way back from the birthday party.  Yeah you clean it up.  But kind of half ass.  It's not too much your problem.  Let them deal with it.  Hey, yeah, can you drop off a Macan tomorrow morning at my house and take back the existing one. I got some golf clubs in the back and remind the guy to make sure he moves everything over. 
Title: Re: Porsche Passport
Post by: r0tor on October 18, 2017, 05:44:49 PM
I think a hangup of mine is a good car is an emotional attachment to me while this program treats them like rental movies.
Title: Re: Porsche Passport
Post by: Raza on October 18, 2017, 05:44:52 PM
Quote from: Rockraven on October 18, 2017, 07:14:19 AM
Insurance included is a huge benefit. Also, you're not financing and insuring a Boxster for the summer and a Macan for the winter, and you don't have to garage either one for the season.  :hmm:

For me, insurance for a Boxster is like $1100 a year. 911 is probably around the same. Not that much savings.
Title: Re: Porsche Passport
Post by: 12,000 RPM on October 18, 2017, 06:49:48 PM
You know what would make this program awesome?

If you could rent any Porsche from the brand's history. $3K a month to be able to try anything from a 959 to one of those vintage narrow bodies is a steal. Hell, they could just limit it to the Carrera equivalents and below.... a 964 C2 would be pretty slick; something like a 964 Turbo would be interesting to try, etc. I just feel like modern Porsches are good but not super interesting, especially out of the context of the brand's history. Being able to go from top to bottom would be a lot more meaningful to people, I think.
Title: Re: Porsche Passport
Post by: veeman on October 18, 2017, 07:29:08 PM
That would be real cool but then you're got big time maintenance/reliability costs associated with older Porsches.  The newer Porsches, once they hit 35,000 miles or so and are 3 years old, will probably be sold as certified used Porsches and still net Porsche big money.
Title: Re: Porsche Passport
Post by: 68_427 on October 18, 2017, 09:48:02 PM
Quote from: 12,000 RPM on October 18, 2017, 06:49:48 PM
You know what would make this program awesome?

If you could rent any Porsche from the brand's history. $3K a month to be able to try anything from a 959 to one of those vintage narrow bodies is a steal. Hell, they could just limit it to the Carrera equivalents and below.... a 964 C2 would be pretty slick; something like a 964 Turbo would be interesting to try, etc. I just feel like modern Porsches are good but not super interesting, especially out of the context of the brand's history. Being able to go from top to bottom would be a lot more meaningful to people, I think.

Aircooled prices are too high
Title: Re: Porsche Passport
Post by: 12,000 RPM on October 19, 2017, 06:55:54 AM
Quote from: veeman on October 18, 2017, 07:29:08 PM
That would be real cool but then you're got big time maintenance/reliability costs associated with older Porsches.  The newer Porsches, once they hit 35,000 miles or so and are 3 years old, will probably be sold as certified used Porsches and still net Porsche big money.
They would factor the maintenance into the cost. And the reliability is part of the experience. They could def bundle in roadside support at that cost (and truthfully I don't think old Porsches are that unreliable)
Title: Re: Porsche Passport
Post by: CaminoRacer on October 19, 2017, 08:31:20 AM
Old Porsches have a bit of upkeep maintenance (carb fiddling, etc) otherwise I'd agree that they're pretty reliable.
Title: Re: Porsche Passport
Post by: MrH on October 19, 2017, 08:44:02 AM
Quote from: 12,000 RPM on October 18, 2017, 06:49:48 PM
You know what would make this program awesome?

If you could rent any Porsche from the brand's history. $3K a month to be able to try anything from a 959 to one of those vintage narrow bodies is a steal. Hell, they could just limit it to the Carrera equivalents and below.... a 964 C2 would be pretty slick; something like a 964 Turbo would be interesting to try, etc. I just feel like modern Porsches are good but not super interesting, especially out of the context of the brand's history. Being able to go from top to bottom would be a lot more meaningful to people, I think.

...what?  A 959?  They made <350 of those and they're worth millions.

Trying to maintain a fleet of old 911s and ensure availability to all clients would be a total nightmare.  Not to mention that the value of those fluctuate quite a bit.  Trying to price that and risk adjust for it would be impossible.  What you're suggesting doesn't make sense.
Title: Re: Porsche Passport
Post by: 12,000 RPM on October 19, 2017, 08:54:48 AM
What I'm suggesting is already being done by companies like Manhattan Car Club. Porsche has a further advantage by being an OEM, with its service network across the country, and it's limiting of the program to one brand.
Title: Re: Porsche Passport
Post by: Lebowski on October 21, 2017, 06:01:08 AM
$3k / mo over 3 years is $108k and you don't own anything.  Car insurance isn't very expensive.

IMO like leasing but even moreso, this only makes sense for people who have so much money the convenience and flexibility offset the poor value.

I don't really agree w/ rockraven that this is like having 2 cars, IMO if I have 2 cars I want access to the larger / more practical vehicle all the time, not just swap every few months. 
Title: Re: Porsche Passport
Post by: Tave on October 22, 2017, 01:07:24 PM
Quote from: 12,000 RPM on October 19, 2017, 08:54:48 AM
What I'm suggesting is already being done by companies like Manhattan Car Club. Porsche has a further advantage by being an OEM, with its service network across the country, and it's limiting of the program to one brand.

Manhatten Car Club only stocks 40 cars and you aren't guaranteed any specific availability on any date. Furthermore, if you want continual access you have to buy additional packages and/or hours.

Presumably Porsche wants a lot more than 20-40 customers to sign onto this before leveraging their "nationwide" network, and they don't want people complaining about not ever being able to reserve their intended car. Presumably they also want this to be a daily driver program and not up charge for keeping it more than a weekend or two.

What's your best guess on how many 959s are even in the US right now? Maybe 10? They're worth 1.5 million, you're not getting one on an upper-end lease ride share.
Title: Re: Porsche Passport
Post by: 12,000 RPM on October 22, 2017, 01:41:53 PM
Alright, let's take cars like the 959 out of the equation. Everything equivalent to a Carrera and below would be included. Biggest hurdle would be for Porsche to buy up a big enough fleet of clean used examples, which would have other downstream effects. But I think it would be a great revenue stream. I think a lot of people would love to drive or keep an old Porsche for a few months, but very few people want to actually own them. This would be a nice medium
Title: Re: Porsche Passport
Post by: Galaxy on March 29, 2018, 04:19:06 PM
So 80% of Passport clients have never owned a Porsche before. That will interest Porsche.