I'm sure you are right, and I've done the same myself! Atleast the OP seems to accept what the car is going to cost, whereas so many people's expectations are so far from reality.....

I still think he's mad though, not that what I think matters.....

that's not how it works after the 1st year (where most insurance company will replace).

after year 1, you get market value in cash.

As SFO says, an insurer will only pay for a brand new car of the same spec if the car is subject to a total loss in its first year of registration and you are the cars original owner. The OP cannot expect to find a car with the same spec elsewhere. I would think it would be one of the most loaded Boxster's in history! Outside of 12 months you can expect that the insurers will pay the market value of the car to the finance company and the (quite possible) substantial negative equity will be paid by the OP.

What the OP really wants is Return To Invoice insurance. Check it out OP. IIRC Lombard do RTI.

Edited: just re-read the OP's original post and can see you're already on to RTI.

Thanks for the input guys! Just to put my mind at ease the OPC had another customer with a 71k boxter....

I like my options. It's come from the past where I've had cars which I wished had certain options and I've either swapped them or had stuff fitted aftermarket which is always a pain in the ar*e and always never quite right also.

When you justify it more, it seems logical!

Sports Exhaust - definitely!
Sport Chrono - yes, it's PDK
PASM - I liked the ride in the demo PASM car
PTV - might as well
PCCB - I like clean wheels!
PCM - essential
Wheels - I like 20"
Leather - yep, count me in

It really doesn't take much.. If I were to have gone for a 991 then I would have also specced the same options.

Finally, at least the paint was free lol

I'm not worried about negative equity. I'd just want my 'brand new car' back in the case of a total loss. Even 2 years down the line, my cars pretty much look like and drive like new. My E350 has only covered 4000 miles since it was new last October. Once the 981 arrives, the E350 will do even less miles!

Not so - they do not have to source and supply like for like replacement. Just enable you to do so. And it is standard practice to offer low and increase if claimant won't accept so ALWAYS haggle. That is probably what helped your claims, not the like-for-like bit.

You're right in what you're saying - however GAP insurance is designed to put you back in the position you were when you bought the car Brand New. So instead of taking 'market value' and having to buy a 2 year old car, the GAP insurance would give you back the invoice price.

However, it's different in this case as the car is likely to depreceiate more than the £25k claim limit; but if the OP is unlucky enough to have their car written-off then they will have 'market value' plus £25k.

I'm amazed at the number of people that don't understand this product, I can only assume that it's not been explained correctly by the person they're buying the car off.

There's no way I would be buying a brand new car without it - and I'm in the motor trade!

I got the user name off the front of my TV as I couldnt think of anything else really.

I wouldn't have the stomach for that much depreciation to be honest. I've always tried to buy my cars smart and have done ok, some down to luck (4k loss on a brand new boxster s when they first came out, owned for nearly 2 years).

I've been thinking about this and maybe the new boxster will hold its money relatively well as the car has been universally well received and as other have stated it look better than the 991 and for the first time 911 owners may be tempted to trade down. I still think a car with that many options will lose a load, as options always do. Plus the fact it's not the same economic climate we were in a few years ago when Porsches held their money really well....

Paid £200 at my OPC when getting my CR