Swapping an M135i for a 997 Turbo. Am I mad?
Discussion
My lease on my M135i will soon come to an end and contemplating alternatives. It's is fully loaded and I got it during the great deals of 2013. Including tyres, lease and insurance the M135i cost me £11000 in two years
I could get a Golf R to replace but happy to buy if total cost makes sense.
Starting thinking left field. Now looking at a Porsche 997.1 Turbo manual for about £55000
I am hoping residuals will be very strong indeed and in two years hope it will still be worth £50000 as think it is at the bottom of the depreciation curve. If I get from Porsche it will come with a two year warranty. Mileage will be about 8k pa so set of boots and service as well.
Is this pie in the sky or could I run a 997 Turbo (excluding fuel and insurance) for the same price as a M135i? Depreciation is the key one!
Thoughts?
Matt
I could get a Golf R to replace but happy to buy if total cost makes sense.
Starting thinking left field. Now looking at a Porsche 997.1 Turbo manual for about £55000
I am hoping residuals will be very strong indeed and in two years hope it will still be worth £50000 as think it is at the bottom of the depreciation curve. If I get from Porsche it will come with a two year warranty. Mileage will be about 8k pa so set of boots and service as well.
Is this pie in the sky or could I run a 997 Turbo (excluding fuel and insurance) for the same price as a M135i? Depreciation is the key one!
Thoughts?
Matt
veevee said:
I'm not anti-leasing, but 11k for two years to do 8k miles per year?!
Can't help thinking you could have spent 11k on a 130i which still would have been worth 9 now!
I actually had 10k pa on lease but will do slightly less in porker.Can't help thinking you could have spent 11k on a 130i which still would have been worth 9 now!
You are right. I could have also not bothered and driven in Passat for virtually free. But I get a car allowance which covers the cost, and I work hard, so why not
Just to clear a few things up.
The car bought from a main BMW dealer in 2013 which has appreciated substantially is a low mileage M3 CSL. Yes you could argue I won't get £50000 but that's what it is insured for and that's same price as others for sale with more miles
Secondly generally speaking people take a company car where I work. They pay about £200 per month in BIK for a low spec 320d Sport in budget. That did not interest me, hence taking the cash and buying using the money after tax to take a lease. The £200 extra per month more than pays for the other running costs.
The lease was as cheap as it gets. £300 per month on a 3+23 lease. Hundreds got one. I went a little mad with options because I wanted to and in my budget. It may be more than an older A4 but I'm happy and it's good value to me, and less than 2 years of deprecation if bought outright. Again I could have kept longer but I like to change.
I acknowledge £11000 all in was a fair amount of cash but affordable. Hence why I ask If I could get a 997 Turbo for a similar total cost of ownership
£55000 would be a privately funded so no worries of high interest rates. I think the 997 Turbo is near the bottom of it's depreciation curve so hoping this won't bite too much, but i could be wrong
Happy to pay a little more from dealer for peace of mind including 2 year warranty.
Thanks for advice on radiators. Those things worry me if not covered by warranty. Food for thought!
The car bought from a main BMW dealer in 2013 which has appreciated substantially is a low mileage M3 CSL. Yes you could argue I won't get £50000 but that's what it is insured for and that's same price as others for sale with more miles
Secondly generally speaking people take a company car where I work. They pay about £200 per month in BIK for a low spec 320d Sport in budget. That did not interest me, hence taking the cash and buying using the money after tax to take a lease. The £200 extra per month more than pays for the other running costs.
The lease was as cheap as it gets. £300 per month on a 3+23 lease. Hundreds got one. I went a little mad with options because I wanted to and in my budget. It may be more than an older A4 but I'm happy and it's good value to me, and less than 2 years of deprecation if bought outright. Again I could have kept longer but I like to change.
I acknowledge £11000 all in was a fair amount of cash but affordable. Hence why I ask If I could get a 997 Turbo for a similar total cost of ownership
£55000 would be a privately funded so no worries of high interest rates. I think the 997 Turbo is near the bottom of it's depreciation curve so hoping this won't bite too much, but i could be wrong
Happy to pay a little more from dealer for peace of mind including 2 year warranty.
Thanks for advice on radiators. Those things worry me if not covered by warranty. Food for thought!
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