Portfolio - monthly luxury vehicle subscription

Just came out recently by openroad group in Vancouver area. Looks actually pretty decent for 2500/month including insurance, maintenance, deliveries etc. I guess they are pretty popular in major US cities, not sure if there's one in Canada. Selections are not bad, including Lexus LS/ Audi S6 etc

https://www.portfoliobyopenroad.com/...IaAvQNEALw_wcB

I seem to remember a few years ago now someone on here was working to set up something similar, can’t remember who.

$1/km and no gas included is pretty steep for the average vehicle on that list... car2go is a miles better deal in comparison... but of course much more limited selection

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Originally Posted by ercchry

$1/km and no gas included is pretty steep for the average vehicle on that list... car2go is a miles better deal in comparison... but of course much more limited selection

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2500km included per month and they rollover.

I think a lease for an E63S would be less than that including insurance and maintenance package?

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Originally Posted by Buster

I think a lease for an E63S would be less than that including insurance and maintenance package?

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I mean, I don’t think this is expected to be a better deal than buying a car. Got to factor in pretty huge margins for how terribly these cars will be treated and honestly, good luck pawning off the year or 2 old models on anyone.

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Originally Posted by Sugarphreak

2500$ a month for mid level luxury vehicles with additional mileage surcharges?

No F-ing thanks

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for most of the population, yeah, no one will touch that.

However, there will be some who will, because of reasons.

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Originally Posted by Buster

I think a lease for an E63S would be less than that including insurance and maintenance package?

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That's most likely irrelevant to anybody that would be interested in something like this. You're paying a premium so you can drive different cars all the time and not take a bath on them at the dealer when you trade it back in, plus no credit checks and stacks of paperwork every time you want a change.

I had an idea to set up something like this just as a way to fund my own vehicle addiction. I certainly don't have space to own 8 different vehicles, but I can easily think of 8 vehicles I'd want to drive on a regular basis. A car sharing service would be optimal. Fixed month ownership cost, none of the ownership hassles, and all of the benefits of owning multiple vehicles. Plus insurance is included, that's a damn 700$/month savings for me right there.

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Originally Posted by Sugarphreak

2500$ a month for mid level luxury vehicles with additional mileage surcharges?

No F-ing thanks

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These are 1400-1600 to lease on high mileage for a base car, and you get higher mileage allowance (30k vs 24k on a high mileage lease). Add another 200-300 bucks if it’s optioned out. Another 150-200 for insurance. It’s not that bad of a deal if it’s not a base car, especially if you like to trade cars often.

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Originally Posted by Misterman

That's most likely irrelevant to anybody that would be interested in something like this. You're paying a premium so you can drive different cars all the time and not take a bath on them at the dealer when you trade it back in, plus no credit checks and stacks of paperwork every time you want a change.

I had an idea to set up something like this just as a way to fund my own vehicle addiction. I certainly don't have space to own 8 different vehicles, but I can easily think of 8 vehicles I'd want to drive on a regular basis. A car sharing service would be optimal. Fixed month ownership cost, none of the ownership hassles, and all of the benefits of owning multiple vehicles. Plus insurance is included, that's a damn 700$/month savings for me right there.

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People rarely seem to factor in depreciation in their vehicle purchases. Say a depreciation of $5k in the first year of ownership you’re technically spending (losing) an extra $416 dollars/month.

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Originally Posted by J-hop

People rarely seem to factor in depreciation in their vehicle purchases. Say a depreciation of $5k in the first year of ownership you’re technically spending (losing) an extra $416 dollars/month.

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And a more realistic depreciation of 15k/yr it gets even more lopsided.

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Originally Posted by Misterman

And a more realistic depreciation of 15k/yr it gets even more lopsided.

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Yea I was being super conservative, so as not to be accused of hyperbole haha.

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Originally Posted by J-hop

People rarely seem to factor in depreciation in their vehicle purchases. Say a depreciation of $5k in the first year of ownership you’re technically spending (losing) an extra $416 dollars/month.

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It's built into the lease costs we're quoting.

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Originally Posted by Buster

It's built into the lease costs we're quoting.

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Yea I guess I was thinking of financing vs lease, that’s true.

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Originally Posted by Sugarphreak

You guys always say these things are a good deal... but 2500$ is 30K a year. Then add on the 1$ per km surcharge and you are looking at probably 40K a year.

Half the cars on that list are only 60K vehicles, and they are writing off the depreciation along with fuel, insurance, and maintenance costs... so why is the full cost getting passed along to the consumer?


Really though, my biggest problem is that those cars get driven by other people... and not just regular people that at worst fart in the seat or spill coffee; We are talking ultra big dick swinging douchebags getting their greasy hair product and various gentleman sauces all over the car, whilst bagging the shit out of it at every stop light so they can justify the expense.

New cars FTW... fuck this car sharing poser shit, haha

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You drive more than 30k a year? If so this ain’t for you. Want to get the most bang for the buck? Don’t pick the $65k vehicles. Stick with the S450 or something. The price includes full detail washes too.

Unless they come get it from my office for the wash... who has time for that shit.