Approx £30,000 - Best entry option to Porsche ownership?

Approx £30,000 - Best entry option to Porsche ownership?

Author
Discussion

PompeyPaul

Original Poster:

519 posts

184 months

Monday 2nd February 2015
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Magic919 said:
Gen 2 997s began second half 2008.
Thanks!

IMIA

9,410 posts

202 months

Monday 2nd February 2015
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PompeyPaul said:
IMIA said:
Any excuse to get a pic up of my 70k mile knackered old steed lol.
Stunning! cloud9

Any views on this car from the same dealer? Great to have recommendations about trustworthy suppliers!

this car
Thanks matey. As others have suggested maybe best to buy a gen 2 if you can as they are a bit more reliable. 911 Virgin have a very good reputation - you can't go wrong with them just make sure you get their full 12 month in house warranty.

In your shoes though I'd be looking for mint bog standard low miles gen 2 996 for £15k but I haven't seen a goodun come up for sale for a few years. Very good VFM and excellent cars. The 996 and 997 do have an issue with their RMS/IMS but nothing like as bad as people make out. Fail rate is probably no more than 5%. I've covered 160k miles in a couple of early Boxster S' with no issues whatsoever in fact my Mezger turbo by comparison has been a complete lemon in terms of reliability.

You should not rule out a 996 turbo if one comes up within your budget - they are slowly starting to appreciate in value which may offset some future servicing costs. 911 V, RSJ, Cridfords, Eporsch, Cameron Sports Cars, Harbour Cars and Chappell Cars and Portiacraft always tend to have good selection of used cars but even they all struggle to find good cars to sell so be patient and do your own research before buying.

Crimp

909 posts

188 months

Monday 2nd February 2015
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This.
Cost me a lot less than 30k
Granted its leggy with 94k on the clock but the engine is as a sweet as a nut is currently kicking out North of 550BHP and has all the GT2 bits to boot, oh and it has Tip box in it, which is the first 911 I've had which isn't a manual. If I'm perfectly honest with that sort of power the box compliments it as I don't have to take my hands off the bloody wheel!!
Just about to engage in Excel in getting the wheels powder coated Black


DoubleSix

11,715 posts

177 months

Monday 2nd February 2015
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Nice!

Please leave the wheels alone though.

Crimp

909 posts

188 months

Monday 2nd February 2015
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DoubleSix said:
Nice!

Please leave the wheels alone though.


Do you think?

LordHaveMurci

12,045 posts

170 months

Monday 2nd February 2015
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Crimp said:


Do you think?
Leave them be.

MJ911

134 posts

112 months

Monday 2nd February 2015
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interesting thread as I have a similar dilemma. I was looking to spend £25-30k on a Cayman S or a 997. Thought id convinced myself to go for a Cayman but some of those 997's linked to in this thread are making me re-consider. My other option is to px my air cooled 911 for something a bit swankier like a Cayman R, (now GT3s are out of my league :-( ) though id like to keep the old school ideally.

Would you guys expect more depreciation on the Caymans over a 997? How do the two compare on running costs? The turn off for me for modern 911's is the weight and size of them these days. Looks wise, I have never liked the 996's, but do like the 997 especially gen2.

ps that black car above with black rims looks stunning.

PompeyPaul

Original Poster:

519 posts

184 months

Monday 2nd February 2015
quotequote all
IMIA said:
Thanks matey. As others have suggested maybe best to buy a gen 2 if you can as they are a bit more reliable. 911 Virgin have a very good reputation - you can't go wrong with them just make sure you get their full 12 month in house warranty.

In your shoes though I'd be looking for mint bog standard low miles gen 2 996 for £15k but I haven't seen a goodun come up for sale for a few years. Very good VFM and excellent cars. The 996 and 997 do have an issue with their RMS/IMS but nothing like as bad as people make out. Fail rate is probably no more than 5%. I've covered 160k miles in a couple of early Boxster S' with no issues whatsoever in fact my Mezger turbo by comparison has been a complete lemon in terms of reliability.

You should not rule out a 996 turbo if one comes up within your budget - they are slowly starting to appreciate in value which may offset some future servicing costs. 911 V, RSJ, Cridfords, Eporsch, Cameron Sports Cars, Harbour Cars and Chappell Cars and Portiacraft always tend to have good selection of used cars but even they all struggle to find good cars to sell so be patient and do your own research before buying.
Great advice thanks! Am I right in thinking the the bore score isn't an issue with the turbo engines? Are running costs (servicing etc) horrendously more than non turbos?

Edited by PompeyPaul on Monday 2nd February 16:49

PompeyPaul

Original Poster:

519 posts

184 months

Monday 2nd February 2015
quotequote all
Crimp said:


This.

Very nice! Oh my god, this is making it hard to decide!!

IMIA

9,410 posts

202 months

Monday 2nd February 2015
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PompeyPaul said:
Great advice thanks! Am I right in thinking the the bore score isn't an issue with the turbo engines? Are running costs (servicing etc) horrendously more than non turbos?

Edited by PompeyPaul on Monday 2nd February 16:49
As long as you buy a good turbo with a 12 month cast iron warranty then for the first year at least you're covered. Again after that if you have bought a good turbo in the first place as long as you stay on top of maintenance and find yourself a trustworthy Indy you'll be fine and it shouldn't cost anymore than a regular 996/997 to run. Bore scoring not an issue but they love to leak coolant and go through radiators for fun as do the regular non turbo cars too. I'd be looking for a low owner car with a good service history preferably opc main dealer or a top Indy like Parr, JZM, RSJ, Paragon, 9e , Sport and Classic, RPM etc etc as the owner shouldn't have then skimped on servicing. Prices are starting to go mad on certain 996 turbos though. I've seen a few x50 and turbo S with ultra low miles sell for between £45k and £60k recently. The regular turbo is a sweeter drive than the x50 for daily use in any event as its smaller turbos are less laggy. If you can find a goodun (not easy mind) you're buying a flipping license losing prison time road rocket lol. A regular 997 Carrera or Carrera S is plenty fast. I've had a gen 2 Carrera on the autobahn at 180mph and it was fantastic.

PompeyPaul

Original Poster:

519 posts

184 months

Tuesday 3rd February 2015
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IMIA said:
As long as you buy a good turbo with a 12 month cast iron warranty then for the first year at least you're covered. Again after that if you have bought a good turbo in the first place as long as you stay on top of maintenance and find yourself a trustworthy Indy you'll be fine and it shouldn't cost anymore than a regular 996/997 to run. Bore scoring not an issue but they love to leak coolant and go through radiators for fun as do the regular non turbo cars too. I'd be looking for a low owner car with a good service history preferably opc main dealer or a top Indy like Parr, JZM, RSJ, Paragon, 9e , Sport and Classic, RPM etc etc as the owner shouldn't have then skimped on servicing. Prices are starting to go mad on certain 996 turbos though. I've seen a few x50 and turbo S with ultra low miles sell for between £45k and £60k recently. The regular turbo is a sweeter drive than the x50 for daily use in any event as its smaller turbos are less laggy. If you can find a goodun (not easy mind) you're buying a flipping license losing prison time road rocket lol. A regular 997 Carrera or Carrera S is plenty fast. I've had a gen 2 Carrera on the autobahn at 180mph and it was fantastic.
Thanks for the advice and sharing your experience and knowledge!

PompeyPaul

Original Poster:

519 posts

184 months

Tuesday 3rd February 2015
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Would this be a no-no as gen 1?

Magic919

14,126 posts

202 months

Tuesday 3rd February 2015
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If you aren't concerned about engine woes.

PompeyPaul

Original Poster:

519 posts

184 months

Tuesday 3rd February 2015
quotequote all
Magic919 said:
If you aren't concerned about engine woes.
I am for sure. I am not fortunate enough to have stacks of cash in reserve.

Sorry to be a little dim, but am I righ in think from what is being said that a 9996 turbo is the best way to enter Porsche ownership with my with half a chance (with the exception of the 997 with 70,000 miles due in linked also)?

Magic919

14,126 posts

202 months

Tuesday 3rd February 2015
quotequote all
If you want to avoid the known engine woes, then 996 Turbo does that. It does, however, come with the possibility of the usual 911 costs like rads, condensers, clutch etc and then adds some turbo-related items like actuators, heat shields and so on.

A guy at work bought one and I think he has spent about £6000 in the first year or so. That on a £27,000 car IIRC.

Finding a decent Turbo for your budget should be possible. Then get a decent place like 9 Excellence to inspect it.

Make sure you drive one and like it too. Sort out which gearbox you want.

PompeyPaul

Original Poster:

519 posts

184 months

Tuesday 3rd February 2015
quotequote all
Magic919 said:
If you want to avoid the known engine woes, then 996 Turbo does that. It does, however, come with the possibility of the usual 911 costs like rads, condensers, clutch etc and then adds some turbo-related items like actuators, heat shields and so on.

A guy at work bought one and I think he has spent about £6000 in the first year or so. That on a £27,000 car IIRC.

Finding a decent Turbo for your budget should be possible. Then get a decent place like 9 Excellence to inspect it.

Make sure you drive one and like it too. Sort out which gearbox you want.
Thanks fo clarifying!

PompeyPaul

Original Poster:

519 posts

184 months

Tuesday 10th February 2015
quotequote all
Had a chat with a porsche main dealership today. The lady in serving had been there 28 years and only knew one one bore score problem bought into them, but was aware of it. She was adamant that the problem has been blownwell out proportion with online gossip. I would to love to know what the actual percentage rate problem is. Surely can't be that high when you think how many have been sold?

IMIA

9,410 posts

202 months

Tuesday 10th February 2015
quotequote all
PompeyPaul said:
Had a chat with a porsche main dealership today. The lady in serving had been there 28 years and only knew one one bore score problem bought into them, but was aware of it. She was adamant that the problem has been blownwell out proportion with online gossip. I would to love to know what the actual percentage rate problem is. Surely can't be that high when you think how many have been sold?
I believe there may have been a massive law suit in America and Porsche USA caved in and paid out stupid amount of money to settle the case. Think it was 5% which I agree is low but doesn't feel that way if you happen to be one of the 5%. I think I mentioned I had two cars with that type of engine and covered an aggregate 160,000 miles in them without any issues whatsoever.

PompeyPaul

Original Poster:

519 posts

184 months

Tuesday 10th February 2015
quotequote all
IMIA said:
I believe there may have been a massive law suit in America and Porsche USA caved in and paid out stupid amount of money to settle the case. Think it was 5% which I agree is low but doesn't feel that way if you happen to be one of the 5%. I think I mentioned I had two cars with that type of engine and covered an aggregate 160,000 miles in them without any issues whatsoever.
Yes you did mention and that's great to hear. 5% is mad if accurate; which means a 1 in 29 chance of getting a duffer!

Porsche approved used come with a 2 year warranty which would cover it, or it you buy privately you can have them carry out a 111 point inspection and then warranty for about £1250 for one year or £2300 for two years which covers it also and everything else, as long as as the car is less than 9 years old and / or 125,000 miles.

Just frustrating that my £30,000 budget is just too low for a gen 2....

IMIA

9,410 posts

202 months

Tuesday 10th February 2015
quotequote all
PompeyPaul said:
IMIA said:
I believe there may have been a massive law suit in America and Porsche USA caved in and paid out stupid amount of money to settle the case. Think it was 5% which I agree is low but doesn't feel that way if you happen to be one of the 5%. I think I mentioned I had two cars with that type of engine and covered an aggregate 160,000 miles in them without any issues whatsoever.
Yes you did mention and that's great to hear. 5% is mad if accurate; which means a 1 in 29 chance of getting a duffer!

Porsche approved used come with a 2 year warranty which would cover it, or it you buy privately you can have them carry out a 111 point inspection and then warranty for about £1250 for one year or £2300 for two years which covers it also and everything else, as long as as the car is less than 9 years old and / or 125,000 miles.

Just frustrating that my £30,000 budget is just too low for a gen 2....
You saw that gen 2 high miler at 911v sold same day as we were discussing it. Thought you'd bought it. A 2008 gen 1 with OPC warranty is fine. You can renew the warranty up to 2018 / 100000 miles so good way into one. I actually prefer the gen 1 styling - very pretty car.