RE: PH Carpool: Porsche Boxster S

RE: PH Carpool: Porsche Boxster S

Monday 13th June 2011

PH Carpool: Porsche Boxster S

And the 'Best Use of Student Loan' award goes to...


Oliver Giltrow and his student runabout
Oliver Giltrow and his student runabout
...PHer 'giltranator' (Oliver Giltrow), and his thoroughly practical alternative to the average teenager's Corsa:

*****

"My love of all things Porsche is due to my Dad. From the age of six until I was 15 our only car in the family household was a 911, starting off with a 964, a 993, a 996 and my favourite a new 996 Carrera 2 in Speed Yellow which was then enhanced with a GT3 aero kit. The last Porsche he had was a Cayenne which was a great beast but unfortunately it was stolen and under pressure from my mum he took-up his option of a red Volvo C70 company car. (Sigh... Ed.) This is where the Porsche ties ended, though the fire still burned.


"When I passed my test my parents helped me buy a 1.0 Corsa. I sold it and supplemented with savings from my part time job, bought a three month old 1.2 SXI Corsa. This was supposed to be the car that would last me the whole time I was at University and also provide me with reliable transport for the foreseeable future. However, having had the car over a year, I began looking at the classifieds, religiously keeping an eye on the prices of Porsches. While this was happening, the recession hit and Boxsters were pushed well inside my hypothetical budget of 10k. I had invested my student loan in some shares (thank you RBS) doubled my money and that was it, a Porsche Boxster became a reality in my eyes.

"Being only 19, the first factor of my purchase was insurance. I had looked at the 2.5 and 2.7s and although they were plenty powerful enough compared to my humble 1.2 Corsa, I wanted the 3.2 S due to the better spec that they came with, however insurance companies were all quoting me over £4,000. I tried for weeks to get this figure down whilst talking my Dad into the idea and once he started looking at quotes he got one for £2,200 fully comp. I was sold on the idea and we started looking for potential cars.


"After checking the classifieds the exact car I wanted turned up After a week I was driving home in it - which was totally surreal as I was still 19 and in my second year of Uni'. It took a long time to sink in that I had achieved my goal so early.

"I remember only the second time I used all the power pulling away from a set of lights and the back end stepping out which made me realise just how careful you have to be. The best thing about the early Boxster S is that they have no electronic aids apart from the ABS so it really does feel like it's just you and the car. I pretty much always have the roof down.

"The car isn't a garage queen either, as it's my only car and gets used every day taking me to Uni' (which provokes some funny looks from other students, if only they realised that their year-old Focus was more expensive) and I have taken the car on a number of weekend breaks. Despite what people think, the car isn't that expensive to run. My Dad helped me replace all four CV boots and change all of the rusty bolts to stainless ones. Also I fill it up with Shell V power and the mpg averages at over 25.


"The thing I enjoy the most is going to my local Porsche Centre in Bristol and getting treated the same as a customer who has a Carrera GT, such as being offered the chance try out a new Cayman S for the day which I absolutely loved. You get discounts on parts if you're a Porsche GB club member and you feel the enthusiasm for the brand from all of the staff there.

"If you are young and think that you have to own a sensible hatchback for your first few years of driving, then think again as it may be cheaper than you would imagine getting the car of your dreams, and you don't even have to get one that's yellow!"





Author
Discussion

TheOrangePeril

Original Poster:

778 posts

181 months

Monday 13th June 2011
quotequote all
Nice story, lovely car, but how does someone with that much money get a student loan!? I had to eat beans on toast for three years as it is and I never bought a Porsche!

CliveM

525 posts

186 months

Monday 13th June 2011
quotequote all
Well done that man!
Hopefully it'll open his friend's eyes to what depreciation can do smile

Twoshoe

863 posts

185 months

Monday 13th June 2011
quotequote all
Blimey - the only car I could afford when I was a student was a terrible old Morris 1000, in which I was always getting drenched, not because it was a convertible (it wasn't) but because it had virtually no floor and every puddle inevitably meant gallons of freezing water shooting up my trouser legs!

Oddball RS

1,757 posts

219 months

Monday 13th June 2011
quotequote all
Things have changed since i was a student, i used to shop around for the cheapest baked beans, maybe the Governments got it right????????

911p

2,335 posts

181 months

Monday 13th June 2011
quotequote all
Speed Yellow - fantastic choice! Congratulations on purchasing a Porsche so early on.

ArosaMike

4,229 posts

212 months

Monday 13th June 2011
quotequote all
article said:
...and change all of the rusty bolts to stainless ones.
I take it he realises that stainless bolts are incredibly brittle and aren't designed for high load applications?! I sure as hell hope they're not holding anything important on like suspension! redface

billzeebub

3,865 posts

200 months

Monday 13th June 2011
quotequote all
I love the story. You are obviously a lucky fella from a background that enables you to indulge in Porkers whilst at Uni. I could have done the same whilst at Uni and seriously thought about it several times. However if I had rocked up at home in one of those my parents would have withdrawn funding my lifestyle of boozey parties immedietly!!..and probably started charging me rent too..just couldn't take the risk!!...

Mattt

16,661 posts

219 months

Monday 13th June 2011
quotequote all
"Being only 19, the first factor of my purchase was insurance. I had looked at the 2.5 and 2.7s and although they were plenty powerful enough compared to my humble 1.2 Corsa, I wanted the 3.2 S due to the better spec that they came with, however insurance companies were all quoting me over £4,000. I tried for weeks to get this figure down whilst talking my Dad into the idea and once he started looking at quotes he got one for £2,200 fully comp. I was sold on the idea and we started looking for potential cars."

Are you saying he's fronting?

chazwozza

734 posts

187 months

Monday 13th June 2011
quotequote all
Good man, nice cars aren't always that expensive to run.
A friend of mine has just bought a t-plate 911 for just over £10k with some choice aero bits already painted and fitted and he uses it to go to work daily in, if you do a lot of the work yourself which from what I have seen isn't that hard on some porsche models then you save a fortune on maindealer labour etc. Happy motoring!

Ryvita

715 posts

211 months

Monday 13th June 2011
quotequote all
"I tried for weeks to get this figure down whilst talking my Dad into the idea and once he started looking at quotes he got one for £2,200 fully comp."

While I salute the fine effort in supporting a car like this so young (It took me 'till 21 to get into something with >200bhp) I do hope the statement above doesn't mean that Dad is the insured main driver? I'm sure someone can clarify the legality but aren't the insurance companies pretty hot these days on the whole, "parent insures for cheap, child does all the driving" thing? :-s

Garlick

40,601 posts

241 months

Monday 13th June 2011
quotequote all
Mattt said:
"Being only 19, the first factor of my purchase was insurance. I had looked at the 2.5 and 2.7s and although they were plenty powerful enough compared to my humble 1.2 Corsa, I wanted the 3.2 S due to the better spec that they came with, however insurance companies were all quoting me over £4,000. I tried for weeks to get this figure down whilst talking my Dad into the idea and once he started looking at quotes he got one for £2,200 fully comp. I was sold on the idea and we started looking for potential cars."

Are you saying he's fronting?
We believe his dad was calling around insurance companies to better the price for his son, rather than doing as suggested above.

CypherP

4,387 posts

193 months

Monday 13th June 2011
quotequote all
Mattt said:
"Being only 19, the first factor of my purchase was insurance. I had looked at the 2.5 and 2.7s and although they were plenty powerful enough compared to my humble 1.2 Corsa, I wanted the 3.2 S due to the better spec that they came with, however insurance companies were all quoting me over £4,000. I tried for weeks to get this figure down whilst talking my Dad into the idea and once he started looking at quotes he got one for £2,200 fully comp. I was sold on the idea and we started looking for potential cars."

Are you saying he's fronting?
This is what I thought from reading this too. I find it impossible to understand how a 19 year old got insured whilst at Uni on a Boxster S, unless his parents paid the majority of the insurance. Great if you have the financial backing, but how the hell a student can afford to run it, let alone insure it is still a mystery to me.

Waitey

893 posts

223 months

Monday 13th June 2011
quotequote all
Ah good old 'government funded cars'. My uni years were great. Clio 172, Westfield, TT 225, Turbo MX-5, ZM Roadster then when I left I bought a T350T with all the money I'd made.

Sack paying £2200 for insurance though. When I was 19 3 years ago my Z3M was only £800 to insure!

Waitey

893 posts

223 months

Monday 13th June 2011
quotequote all
CypherP said:
This is what I thought from reading this too. I find it impossible to understand how a 19 year old got insured whilst at Uni on a Boxster S, unless his parents paid the majority of the insurance. Great if you have the financial backing, but how the hell a student can afford to run it, let alone insure it is still a mystery to me.
Its not hard when you get money left right and centre. I got an extra £2k a year from Uni for doing 4 educational seminars at local school.

Living rent free with the other half helped too...

MIP1983

210 posts

206 months

Monday 13th June 2011
quotequote all
Waitey said:
Ah good old 'government funded cars'. My uni years were great. Clio 172, Westfield, TT 225, Turbo MX-5, ZM Roadster then when I left I bought a T350T with all the money I'd made.

Sack paying £2200 for insurance though. When I was 19 3 years ago my Z3M was only £800 to insure!
How?! Am I missing some top secret super cheap insurance technique? My S2000 costs that much to insure and I'm nearly 30 with over 7 years no claims.

It cost me more than 800 that at that age to insure a clapped out 1.1 fiesta.

Waitey

893 posts

223 months

Monday 13th June 2011
quotequote all
MIP1983 said:
How?! Am I missing some top secret super cheap insurance technique? My S2000 costs that much to insure and I'm nearly 30 with over 7 years no claims.

It cost me more than that at that age to insure a clapped out 1.1 fiesta.
Z3M's are an insurance oddity. The E36 M3 of that era is double the insurance.

I was only doing about 8k a year then so limited mileage policies helped a lot!

johnycarrera

1,935 posts

231 months

Monday 13th June 2011
quotequote all
Congratulations, what an excellent story. Welcome to Porsche ownership. There is no substitute !

kambites

67,673 posts

222 months

Monday 13th June 2011
quotequote all
MIP1983 said:
How?! Am I missing some top secret super cheap insurance technique? My S2000 costs that much to insure and I'm nearly 30 with over 7 years no claims.
That must be largely down to the area you live in. I'm 30 and I insure an Elise 111S for 450 quid and I only have three year's NCB and a fault accident and claim against my name.

I didn't bother to run a car at all at university, but I dread to think what it would have cost me to insure anything parked on the street in the areas that I lived in in Nottingham. hehe

Old Gregg

4,442 posts

176 months

Monday 13th June 2011
quotequote all
Waitey said:
Z3M's are an insurance oddity.
Just the roadster, or the coupe too? scratchchin

J4CKO

41,753 posts

201 months

Monday 13th June 2011
quotequote all
And the other students have year old Focuses, I thought students were hard done by and poor ?

If you spend all your student loan on a car what do you use to pay for tuition. living expenses, books, beer etc ?