Which Cayman 981 and best was to fund?
Discussion
Hi all
Looking for your thoughts. I have always had a nice daily and have an old Passat at my disposal for the nasty stuff and airport runs, so will be doing about 10k per year in the new car. I get a company car allowance with no restrictions so expectation is I buy something half decent, which since my M135i went back I do not have
I recently bought a house and increased mortgage by an extra £20k to help me fund a car. I am over paying, mortgage is 1.99% and I am comfortable with this
I have a cash budget of £35k to buy something nice. No need to be practical as I have no kids and the Passat but nothing hardcore, I like my toys!
I am a BMW man, and nothing other than a Porsche would tempt me out when buying a car £30-50k. After going around the houses I have settled on a 640d which I can get fully loaded 18mths old for about £35k.
However, my father recently has purchased a 997.1 Turbo, and the Engineering quality has amazed me. I was thinking that getting into a Cayman may actually have a lower cost of ownership due to strong residuals.
Looking at Porsche approved you can get a 2014/5 Cayman for about £40k or an S which is a year older for £5k more.
Friends who have owned Porsches before always seem to upgrade and stay with the marque claiming that the cost to change was a "no brainer". They have always had PCP.
if I bought the Porsche I would probably pay £35k cash and finance the rest depending on APR. Yes, I understand spending hard cash on a depreciating asset is silly, but it typically still works out cheaper than financing it.
So my questions
The 640d will shed money, I accept that. In pure £ terms do you think a similar age Cayman will lose less over the next three years, and 30,000 miles?
Am I missing something with funding a Porsche? Am I best to finance to get stronger residual values? Or is cash still cheapest?
Cayman or Cayman S? Cayman S seems a lot more, is it really worth the extra? Or should I go bonkers and try and get a GTS?
Are there any other Porsches which Are fairly new (less than 5yrs), sub £50k which are likely to still have strong residuals in 3 years and an extra 30k on the clock? Cayman R?
Thanks all!
Looking for your thoughts. I have always had a nice daily and have an old Passat at my disposal for the nasty stuff and airport runs, so will be doing about 10k per year in the new car. I get a company car allowance with no restrictions so expectation is I buy something half decent, which since my M135i went back I do not have
I recently bought a house and increased mortgage by an extra £20k to help me fund a car. I am over paying, mortgage is 1.99% and I am comfortable with this
I have a cash budget of £35k to buy something nice. No need to be practical as I have no kids and the Passat but nothing hardcore, I like my toys!
I am a BMW man, and nothing other than a Porsche would tempt me out when buying a car £30-50k. After going around the houses I have settled on a 640d which I can get fully loaded 18mths old for about £35k.
However, my father recently has purchased a 997.1 Turbo, and the Engineering quality has amazed me. I was thinking that getting into a Cayman may actually have a lower cost of ownership due to strong residuals.
Looking at Porsche approved you can get a 2014/5 Cayman for about £40k or an S which is a year older for £5k more.
Friends who have owned Porsches before always seem to upgrade and stay with the marque claiming that the cost to change was a "no brainer". They have always had PCP.
if I bought the Porsche I would probably pay £35k cash and finance the rest depending on APR. Yes, I understand spending hard cash on a depreciating asset is silly, but it typically still works out cheaper than financing it.
So my questions
The 640d will shed money, I accept that. In pure £ terms do you think a similar age Cayman will lose less over the next three years, and 30,000 miles?
Am I missing something with funding a Porsche? Am I best to finance to get stronger residual values? Or is cash still cheapest?
Cayman or Cayman S? Cayman S seems a lot more, is it really worth the extra? Or should I go bonkers and try and get a GTS?
Are there any other Porsches which Are fairly new (less than 5yrs), sub £50k which are likely to still have strong residuals in 3 years and an extra 30k on the clock? Cayman R?
Thanks all!
Thanks for the feedback all. Regarding funding only debt is mortgage, so if I did PCP I would chuck an extra 30k into the mortgage, so my thought is buy for cash is better for me! The last BM I bought I got £1500 extra finance contribution for going PCP. I took it out and settled a few days later
Looking closely today it seems that to get decent spec on an S is nearer £50k. Call me soft but I would like nav, xenons and ideally Bose if I'm paying £40k plus. Maybe I get a 2.7, they are much better value and get good reviews! That said, it's the GTS or GT4 that I really want, but they are out of reach
The other curveball is the F-Type. I can get a cab S for early to mid 40s.
I am in no rush so will see what happens to prices into Autumn. Just want something nice ahead of winter
any more thoughts are much appreciated
Looking closely today it seems that to get decent spec on an S is nearer £50k. Call me soft but I would like nav, xenons and ideally Bose if I'm paying £40k plus. Maybe I get a 2.7, they are much better value and get good reviews! That said, it's the GTS or GT4 that I really want, but they are out of reach
The other curveball is the F-Type. I can get a cab S for early to mid 40s.
I am in no rush so will see what happens to prices into Autumn. Just want something nice ahead of winter
any more thoughts are much appreciated
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