Boxster or Cayman
- Thread starter TomTSH
- Start date
11.1% APR is not acceptable in my view. These are not rare cars, don't get over excited, there's no rush. No satnav on that car (if right) would harm its future value, rightly or wrongly. There are other finance providers out there, a quick Google may be wise?
Just spoke to Leeds Porsche and they told me that 11.1% APR is stupidly high and its higher than what they would quote. Solihull have now told me to go to Leeds so they obviously don't or are not interested in my business so just going to deal with Leeds. I have just confirmed with Leeds that the GTS sound and boxster S will sound totally different (which I did get told on here) - which is why im disappointed Solihull told me it would sound the same. The crackle and pop on over run for the GTS is absolutely incredible but cant afford one unfortunately. I will have to keep looking at realistically affordable boxster S's. Edit: That link to that Porsche has been told, its been taken offline.
Cracking car Tom, looks great. Enjoy the car and the banter on here. One of my sons had a 944 at 20 and worked his way up to a Cayman S, and, like you, found the insurance companies were interested in driving history, so each time he came to insure the next car they were happy that he had prior experience in sports cars and the premiums reflected that.
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Jamie Garside at Performance Car Finance and Robert Johnson at Classic and Sports Finance have both assisted me in the past. I would recommend either. Oracle Finance have been rated on other forums but I have no personal experience of them. Porsche Centres will negotiate on APRs too. You would be amazed at the phone conversations you can have 2 weeks after you walked away from a deal - when I was looking for my Cayman, one Porsche Centre went on to ring me after a visit with the "good news" that they had "just discovered" that a car I was interested in had been "accidentally" incorrectly priced by £5k in my favour... shame really as my new car was in my garage by then. As you have already experienced though, sometimes these cars sell very quickly at full retail price so if you source the car of your dreams, you may need to be decisive. Do your homework, use the internet and don't just jump in with both feet.
Think I am getting old - when I went out in a GTS Cayman, the sports exhaust seemed a bit contrived. Now, sports exhaust in a Spyder in a tunnel, that was one of life's little pleasures!
Well i have an update. Solihull quoted me £855 a month, on a 62 plate boxster S which had done 11,000 miles with a £5000 deposit over a 4 year Lease purchase - APR at 11.1% which was ridiculously high. Told me that was the absolute best they could do and if it wasn't god enough basically fuck off somewhere else For EXACTLY the same car, i contacted leeds porsche and spoke to a great guy called neil, told him my budget and got the APR to 7.2% to £650 a month with only a £4000 deposit, unfortunately that is still out of my budget but it just shows how much dealers can lie about things. Such a shame as Porsche solihull are my local dealer and to try and mug me off by that much is nothing short of a disgrace. I've set my sights still on a Porsche, but next year, start of January, where i can save a-bit more money, get more of a deposit down and be happy with what I'm paying per month - just a shame i will never go to solihull again!
Tom You seem to have received quite a bit of negativity surrounding your thoughts on getting into a Boxster so I will try to give you a different take on things, If you accept that your £43K car will loose about £7k per year in depreciation and having owned it for 2 years you love it to bits and want another newer version, your OPC will take your car as a trade in but not at resale price they normally on a Boxster want about £7K so running your car assuming you put average mileage on it as a daily driver could cost you £14k in depreciation plus about £7k for the dealer to give the car a once over and put 2yrs warranty on it plus a bit of profit. So owning your pride and joy has cost at least £21k over 2 years. Your finance quote has cost you £4k deposit plus £650 per month for 24 months £19600.00 and give the car back !! You will have paid nearly half the cost and they will do a deal. Doesn't look so bad now does it ! There are lots of really good lease deals going that if you are not worried about owning the car are worth considering. If I was your age again without a wife, kids, mortgage and no worldly worries and I could get into the best value for money sports car in the world I would do it don't let them tell you you are too young they are only jealous Good Luck Geoff
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