Boxster or Cayman
- Thread starter TomTSH
- Start date
Thanks Geoff, I would love to own the car but realistically, with the balloon payment at the end being 20K I would never pay that off to own the car, it would just be a case of handing the car back and getting a new one after 3 or 4 years. Plus I could never afford to buy a £70K car outright
but your PCP quote was costing you over 40k for a 2nd hand car so >10k PA loss and in 4 years time you will be 26 and own nothing, nanda .... in year 4 you will be driving a 5 year old car and that will still cost you £10k that year ! You have got to be blind stupid not to see the only winners here are the dealers ! take out a 5 year loan @ 3.9% for 9k and buy a 987.1 2.7 Boxster for 14k that will cost you £165 a month !!! sell it after 2 years for 12k as you will have been paying off the capital as well you will come out with money as the car will sell for more than you now owe, in the mean time save the £485 a month (your limit) into a 123 account giving you 3% PA interest. in 2 years time you will than have £12k worth of savings plus a few K from the Boxster sale , repay off the 5 year loan. get a new 5 year loan for 15k add the 12k you saved and the 3k from the money left over from the Boxster sale in 2 years time you can now buy a car for £30k and the repayments will be £275. always buy 2/2.5 year old cars ,so you are in warranty etc and sell NEVER be tempted to keep ! and always sell private and buy private at savvy prices. keep doing this and you will be buying cars for £70k cash in no time. or be greedy now buy a £42k car which costs you 10k PA and you never own it and in 4 years time have nothing !!! your choiceORIGINAL: TomTSHits either that or i keep my TT... hmmm i wonder
I totally agree with what your saying.. but I am greedy at a young age and wont be able to afford a Porsche at 30 when I have a house and maybe kids etc, that's why I want to do it while I'm young. I'm also going to test drive a Jaguar F Type 3.0 v6 S model with the sports exhaust on Saturday as there the 2 cars im looking at.. whats peoples thoughts of them?ORIGINAL: MrDemonbut your PCP quote was costing you over 40k for a 2nd hand car so >10k PA loss and in 4 years time you will be 26 and own nothing, nanda .... in year 4 you will be driving a 5 year old car and that will still cost you £10k that year ! You have got to be blind stupid not to see the only winners here are the dealers ! take out a 5 year loan @ 3.9% for 9k and buy a 987.1 2.7 Boxster for 14k that will cost you £165 a month !!! sell it after 2 years for 12k as you will have been paying off the capital as well you will come out with money as the car will sell for more than you now owe, in the mean time save the £485 a month (your limit) into a 123 account giving you 3% PA interest. in 2 years time you will than have £12k worth of savings plus a few K from the Boxster sale , repay off the 5 year loan. get a new 5 year loan for 15k add the 12k you saved and the 3k from the money left over from the Boxster sale in 2 years time you can now buy a car for £30k and the repayments will be £275. always buy 2/2.5 year old cars ,so you are in warranty etc and sell NEVER be tempted to keep ! and always sell private and buy private at savvy prices. keep doing this and you will be buying cars for £70k cash in no time. or be greedy now buy a £42k car which costs you 10k PA and you never own it and in 4 years time have nothing !!! your choiceORIGINAL: TomTSHits either that or i keep my TT... hmmm i wonder
wolfy689
New member
I bought an R coupe 3 weeks ago, I sold my lovely C4S, the R is on a trailer as we speak back to the dealers with lots of panel and paint problems so tricky times ahead. Just too many issues for me on a new car so unsure how this will play out. The quality IMHO is not on a par with Porsche. Why I did not pick up on all of this I do not know the full extent was pointed out first day at the detailers its been there since!! Do not make my mistake and let the noise of the exhaust seduce you!! JP.
Because if you read and follow the logic of David's post above, he has set out how not only could you be driving a nice Porsche by the age of 30 (irrespective of house/kids) but that you would own one outright too. Whilst he is right, the downside to his theory is the need for significant compromise and patience. Even in his model, after 6 years you still wouldn't have a car as nice as the one you could be driving next week in you go down the PCP route. I have had 2 cars on PCP, I paid them off in full at the end of the term, kept the cars for around another year or so and changed when it suited me. All depends on your personal circumstances at the relevant time. Most of my capital is tied up in my office which, every now and again at least provides a pretty good rate of return!
wolfy689
New member
Hello Never driven a GTS and I think it would be unwise to compare the two as they are very different cars, the Boxter being lighter for one. The F Type whilst in the R is more powerful is certainly not as precise as the 997 I had. By all accounts the GTS is a very fine handling car, the best would be to try and arrange back to back test drives. JP.
I think you should just stick with the TT until you can feel comfortable to purchase a Porsche, its pointless looking at Jags now if you were so keen to own a Porsche in the first place, there are plenty of good secondhand early Boxsters or Caymans that may suit your pocket if this is what you really want?? Theres a good Lamborghini garage in Brum they may have a couple of cars to try out. Nothing wrong with the new TT's we have had two and the RS was a stonker!!
I think it's fine to get a porsche when you're still young I wish I hadn't bothered to save for a house from day 1 and had a nice sports car like lots of my chums It's so hard to get a deposit on a house now if your young you may as well have some fun with a nice car !! You only live once so go for it I used to buy cars with cash but recently bought Linda's bmw xdrive 335 sport tourer on pcp Got £10k off list and apr of 4%!! My finance advisor is getting me year on year at least 10% on the money I give him so I am quids in ;-)
Guys, thanks for all your responses. I originally looked at a Porsche Cayman S but went to Solihull Porsche and ended up in a boxster GTS - which sounded incredible. The choices realistically are between a 3.0L F type S and the boxster GTS. I test drove the GTS 2 weeks ago and got a test drive on Saturday at Wolverhampton Stratstone with the F type. That way I can get an idea of which I prefer. So back to finance, for a second hand car your looking at APR between 7-11% (top end being ridiculous) from car dealers. Would you Suggest going elsewhere for finance? Would I get a better deal? Any risks going elsewhere for finance other than the dealers? Sorry about the questions, but im not willing to buy a second hand car with the APR at 11%
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