Can I afford a decent 911 for everyday use?
Discussion
Milnero said:
Engelberger said:
OP - it is entirely up to you what you do with your money but this thread makes depressing reading. All those offering advice on loans and mortgage extensions won’t be paying.
So please don’t stretch yourself too thin. It’s only a car and when we go into a recession nothing is worse than seeing something sat on the drive costing more per month than your mortgage.
Hope you find what you’re looking for.
I wouldn't agree that the thread makes for depressing reading, anyone that has commented on the OPs post has offered advice to make the money he has go as far as possible and reduce any interest payments that he could be up against. So please don’t stretch yourself too thin. It’s only a car and when we go into a recession nothing is worse than seeing something sat on the drive costing more per month than your mortgage.
Hope you find what you’re looking for.
I don't see anyone suggesting he should financially cripple himself to buy a car.
Just to clarify it would only be more than my mortgage if I went for a new 992 or a 991 at around £70k+
If I did a loan for 25k and px my car plus cash I’m looking at £700 per month which I’d just need to budget for
johnwilliams77 said:
prismv said:
Appreciate the concern and this was the purpose of my post, from the start, it will be more than my mortgage and my BMW is paid for so doesn’t owe me anything.
I just felt if I don’t get a 911 now with my kids small enough to go in the back and a bit of spare income I never will
Would you resent paying out so much for a 911? That's something you want to be sure of.I just felt if I don’t get a 911 now with my kids small enough to go in the back and a bit of spare income I never will
The reason I made this post was because I’m so bored of Audi’s and BMWs and so was looking at alternatives which originally was a Panemera but then it just made me think could I get a 911.
I’ve always dreamed of having one but never had the chance so yes they are expensive but as someone said on page 1 of this thread, you’re a long time dead and I think I’d regret not having one more.
If I do it through a bank loan I can always sell and not lose out as opposed to a pcp, the trade off is I’m getting an older car with more miles and my concern is it would be the same age as the car I have now and I’d hoped for something newer with more guarenteed reliability with or without a warranty.
johnwilliams77 said:
prismv said:
That’s the killer question isn’t it.
The reason I made this post was because I’m so bored of Audi’s and BMWs and so was looking at alternatives which originally was a Panemera but then it just made me think could I get a 911.
I’ve always dreamed of having one but never had the chance so yes they are expensive but as someone said on page 1 of this thread, you’re a long time dead and I think I’d regret not having one more.
If I do it through a bank loan I can always sell and not lose out as opposed to a pcp, the trade off is I’m getting an older car with more miles and my concern is it would be the same age as the car I have now and I’d hoped for something newer with more guarenteed reliability with or without a warranty.
I have a bit of spare cash left each month and have been considering a newer/more expensive toy but have concluded (as have a few friends) that it's more liberating to own something you can very easily afford or own outright. If I was net'ing >8-10k a month say, then the decision would be easier but unfortunately I don't earn that much, so for the time being I am going to stick to what I own until I have a bigger chunk in the bank (which will make it less stressful, for me).The reason I made this post was because I’m so bored of Audi’s and BMWs and so was looking at alternatives which originally was a Panemera but then it just made me think could I get a 911.
I’ve always dreamed of having one but never had the chance so yes they are expensive but as someone said on page 1 of this thread, you’re a long time dead and I think I’d regret not having one more.
If I do it through a bank loan I can always sell and not lose out as opposed to a pcp, the trade off is I’m getting an older car with more miles and my concern is it would be the same age as the car I have now and I’d hoped for something newer with more guarenteed reliability with or without a warranty.
I’ll still do the test drive and look at some numbers but perhaps the answer to my question on this thread is No 😓
6appeal said:
I did the same route as you, and also in my early 40's and perfect timing for kids fitting in the car... the 911 is a completely different ownership experience and a mega grin every time you drive. Sooooooo work it, and the kids also love it! "Dad, can we do a launch start!?" (safely of course)
So cool, is this in the 992?M
DJMC said:
Have you discounted the 991.1 totally?
Personally, I'd prefer the N/A engine, just for the noise.
Where are you based? There are two I noticed, here:
https://rpmtechnik.co.uk/sales/vehicle/991-carrera...
https://rpmtechnik.co.uk/sales/vehicle/991-c2s-pdk...
I have no idea if they're good value, but RPM are a trusted indy and they're within your budget.
Please, at least try a 991.1 as well as a 991.2.
Haven’t discounted anything yet so keeping an open mind, test driving the 991.1 on Thursday so will see how it goes Personally, I'd prefer the N/A engine, just for the noise.
Where are you based? There are two I noticed, here:
https://rpmtechnik.co.uk/sales/vehicle/991-carrera...
https://rpmtechnik.co.uk/sales/vehicle/991-c2s-pdk...
I have no idea if they're good value, but RPM are a trusted indy and they're within your budget.
Please, at least try a 991.1 as well as a 991.2.
dgswk said:
OP - picking up from your PM on my 992 order....
We've ordered a brand new £102k 992, putting £15k down and c. £850/month for 4 years. Can we afford it????
On the face of it, my £850 a month for a 992 is horrendous, ruinous, financial suicide, hell, its more than my main mortgage!!!! But for what its worth, our logic is that its simply OUR lifestyle choice and we BOTH decided we wanted a Porsche and that a Cayman / Boxster didn't really cut it - it had to be a 911 for high days, holidays and a few euro-road trips as our kids approach school leaving age and we can finally celebrate our success in raising our family through some very hard times and some very good ones too.
So it sounds like we are in a similar position to the OP and others on here, mid-40's, doing pretty well, great kids, family, life is sweet, no other debts apart from £200/month lease on my wife's car and mortgage. My work car is a £900 shed. Imagine driving into an OPC in that.... lol!
We are not what I would class as loaded. We work very very hard, we have full on, full time jobs - we always have. Neither of us took much paternity leave when the kids were little - we couldn't afford it.
We have been careful with our money along the way and we are blessed that our careers have now flourished and we are still together and we are stable. I'm 18 years with my firm, wife 12 with hers. So if they let either of us go, in both cases its 1 month consultation then 3 months notice and then somewhere between 18 - 26 weeks redundancy after that.
Apart from the 911 deposit, we have no other savings. We both massively overpay (24% in my case) into our pension funds, so we can knock it on the head at 55 - 57 if we choose to - who knows whether we will - having the choice is important to us. And we avoid 40% tax by doing so. We acquired a couple of buy-to-lets a few years back too - for the kids - when they are ready, but I'm not paying their University debts, they need to understand the value / consequences / benefits of going and make that call for themselves. I'm a uni drop out and have issues with the system.... my wife is a teacher and doesn't. Always a good debate in our house.
I also see so many of our family and friends happily blow £5-6k on an annual holiday - Florida, Thailand - that's £500 a month for 10-15 days pleasure before spending money. My £850 will give us both 365 days of pleasure. From what I've seen, you can't get a decent euro holiday package for a family of 4 in school holidays for less than £2.5k these days.
We've never done that - we do Cornwall or North Wales and go for the outdoors lifestyle - camping, surfing, climbing and we have had the time of our lives. Never been to Disney, kids were asked, they were not bothered, their dream holiday is a week in October when the surf is good (genuinely!).
Please don't misunderstand, there is absolutely nothing wrong with those holidays - I absolutely get it - its just our choice to spend our disposable on a bright yellow, very fast Porsche!!!! Our holidaying friends and family think we have lost the plot, but all want a go in it when it arrives.
So can I afford it - hey, £850 a month is suicide after all isnt it? Its finance, loan, PCP, debt, the evil of all evils? Well, yes, we can easily cover the monthlies and I really couldn't care less what people think with regards to finance and that stuff. If you have a job, you will work for a business that uses finance in someway to enable them to employ you to start with - leasing equipment, vehicles, overdrafts, loans, supplier credit. Finance makes our modern world tick. Get over it.
But if it goes wrong? Well, I'll hold off for a month or two and see if I get another job. If I don't, I'll sell the Porsche, pay off the finance, and accept I've lost most of my £15k deposit. But I have no savings anyway, so I've lost nothing.
But the chances are, I won't loose my job, the economy won't go bankrupt due to Brexit, house prices will not collapse and both my wife and myself will have ticked a biggie off the bucket list.
So the 2nd Sept 2019 will be one of the best days of our life - up there with getting married and the arrival of our kids. A poignant moment to celebrate the start of the next stage of our lives before grand-parentage and retirement!!!! Just hope the bus doesn't get me first.
So go buy your 911 mate, a 997, 991 or 992, all good advice from other posters - it really doesn't matter. But most importantly, go and enjoy it being comfortable that whatever you do, you would most likely just have to sell it if the worst happens.
Thanks for this, I think I'm going to pull the trigger on the 992 !!We've ordered a brand new £102k 992, putting £15k down and c. £850/month for 4 years. Can we afford it????
On the face of it, my £850 a month for a 992 is horrendous, ruinous, financial suicide, hell, its more than my main mortgage!!!! But for what its worth, our logic is that its simply OUR lifestyle choice and we BOTH decided we wanted a Porsche and that a Cayman / Boxster didn't really cut it - it had to be a 911 for high days, holidays and a few euro-road trips as our kids approach school leaving age and we can finally celebrate our success in raising our family through some very hard times and some very good ones too.
So it sounds like we are in a similar position to the OP and others on here, mid-40's, doing pretty well, great kids, family, life is sweet, no other debts apart from £200/month lease on my wife's car and mortgage. My work car is a £900 shed. Imagine driving into an OPC in that.... lol!
We are not what I would class as loaded. We work very very hard, we have full on, full time jobs - we always have. Neither of us took much paternity leave when the kids were little - we couldn't afford it.
We have been careful with our money along the way and we are blessed that our careers have now flourished and we are still together and we are stable. I'm 18 years with my firm, wife 12 with hers. So if they let either of us go, in both cases its 1 month consultation then 3 months notice and then somewhere between 18 - 26 weeks redundancy after that.
Apart from the 911 deposit, we have no other savings. We both massively overpay (24% in my case) into our pension funds, so we can knock it on the head at 55 - 57 if we choose to - who knows whether we will - having the choice is important to us. And we avoid 40% tax by doing so. We acquired a couple of buy-to-lets a few years back too - for the kids - when they are ready, but I'm not paying their University debts, they need to understand the value / consequences / benefits of going and make that call for themselves. I'm a uni drop out and have issues with the system.... my wife is a teacher and doesn't. Always a good debate in our house.
I also see so many of our family and friends happily blow £5-6k on an annual holiday - Florida, Thailand - that's £500 a month for 10-15 days pleasure before spending money. My £850 will give us both 365 days of pleasure. From what I've seen, you can't get a decent euro holiday package for a family of 4 in school holidays for less than £2.5k these days.
We've never done that - we do Cornwall or North Wales and go for the outdoors lifestyle - camping, surfing, climbing and we have had the time of our lives. Never been to Disney, kids were asked, they were not bothered, their dream holiday is a week in October when the surf is good (genuinely!).
Please don't misunderstand, there is absolutely nothing wrong with those holidays - I absolutely get it - its just our choice to spend our disposable on a bright yellow, very fast Porsche!!!! Our holidaying friends and family think we have lost the plot, but all want a go in it when it arrives.
So can I afford it - hey, £850 a month is suicide after all isnt it? Its finance, loan, PCP, debt, the evil of all evils? Well, yes, we can easily cover the monthlies and I really couldn't care less what people think with regards to finance and that stuff. If you have a job, you will work for a business that uses finance in someway to enable them to employ you to start with - leasing equipment, vehicles, overdrafts, loans, supplier credit. Finance makes our modern world tick. Get over it.
But if it goes wrong? Well, I'll hold off for a month or two and see if I get another job. If I don't, I'll sell the Porsche, pay off the finance, and accept I've lost most of my £15k deposit. But I have no savings anyway, so I've lost nothing.
But the chances are, I won't loose my job, the economy won't go bankrupt due to Brexit, house prices will not collapse and both my wife and myself will have ticked a biggie off the bucket list.
So the 2nd Sept 2019 will be one of the best days of our life - up there with getting married and the arrival of our kids. A poignant moment to celebrate the start of the next stage of our lives before grand-parentage and retirement!!!! Just hope the bus doesn't get me first.
So go buy your 911 mate, a 997, 991 or 992, all good advice from other posters - it really doesn't matter. But most importantly, go and enjoy it being comfortable that whatever you do, you would most likely just have to sell it if the worst happens.
Edited by dgswk on Tuesday 16th July 12:31
IMI A said:
Like others have said though if its any sort of squeeze better to buy outright if possible but there is no right or wrong because it completely depends on an individuals own particular set of circumstances. There is nothing wrong with debt so long as you can service it. Most people have a mortgage and car finance is similar. Thousands wouldn't have been able to drive a Porsche for the last 25 yrs without debt and we'd be the poorer for it in terms of wonderful experiences.
There is something v.nice about the new 992. I love the wheel arches. Lots of retro touches throughout the car which are nice. Some cars have the X factor. I think the 992 has the X factor - the styling in particular is a triumph. Certainly more road presence than say a 991.2 GTS as 992 so wide at the front and back. Look at its bulbous wheel arches, bonnet scoop. Fabulous interpretation of the 911.
992 modernity makes 991.2 feel last gen but the drive is very similar other than initial turn in where 992 a bit sharper. 991.1 and 997 prehistoric. Even back in 2007 997 info tech like PCM was worse than in a Ford Ka. They're all super 911s to drive though which is the main thing.
OP if you've not had a 911 before the new 992 a hell of a motor. Blacks the colour. 991.2 very similar so you won't feel short changed - same with a 991.1 - can't go wrong with any of them - hope this helps
Love these pics, are they both yours?There is something v.nice about the new 992. I love the wheel arches. Lots of retro touches throughout the car which are nice. Some cars have the X factor. I think the 992 has the X factor - the styling in particular is a triumph. Certainly more road presence than say a 991.2 GTS as 992 so wide at the front and back. Look at its bulbous wheel arches, bonnet scoop. Fabulous interpretation of the 911.
992 modernity makes 991.2 feel last gen but the drive is very similar other than initial turn in where 992 a bit sharper. 991.1 and 997 prehistoric. Even back in 2007 997 info tech like PCM was worse than in a Ford Ka. They're all super 911s to drive though which is the main thing.
OP if you've not had a 911 before the new 992 a hell of a motor. Blacks the colour. 991.2 very similar so you won't feel short changed - same with a 991.1 - can't go wrong with any of them - hope this helps
I think the 4 tail pipes 992 is stunning to behold, but every one says I need the Porsche exhaust system where you loose 2 of the pipes.
Just wish you could have 4 and exhaust system together
DJMC said:
OP... have you also looked into a 991 Targa?
For example: https://www.pistonheads.com/classifieds/used-cars/...
The current best looker in my opinion. Better than the 992 "frog" look perhaps?
This one has 4 tailpipes, if you must: https://www.pistonheads.com/classifieds/used-cars/...
Both stunning but just not doing it for me.For example: https://www.pistonheads.com/classifieds/used-cars/...
The current best looker in my opinion. Better than the 992 "frog" look perhaps?
This one has 4 tailpipes, if you must: https://www.pistonheads.com/classifieds/used-cars/...
Edited by DJMC on Wednesday 17th July 19:49
I want the Frog 🐸
swtcar said:
I'd rather put that 15k deposit and high monthlies into a 997.2 or 991.1 and near enough own it after 3 years so that I could enjoy it forever more, rather than put it into that 992 that gets returned in 3 years and you have nothing.
Took this approach with my 6 series paid cash as I wanted to own it outright but still took a slight bath on the depreciation.In hindsight I’d probably have been better off keeping my cash in the bank and paying monthly via a pcp and handing back
Is this good value
https://www.autotrader.co.uk/classified/advert/201...
Also can you fit a car seat for a 7 year old in the back?
If so I’m good to go on a 992
https://www.autotrader.co.uk/classified/advert/201...
Also can you fit a car seat for a 7 year old in the back?
If so I’m good to go on a 992
Frrair said:
Love this.
1 week ago asking about £60k Porsche as worried if it’s affordable & 1 week later buys brand new model at double the budget.
Love it, mission creap and man maths at its finest.
Sure it will be great, I sincerely hope it’s everything you want.
Yes quite, although I haven’t bought anything yet.
It was only because of some advice received on here pointing out that a new one can actually be had for the same price as the £60k if financed correctly.
As things stand I’ll most likely opt for a 992.
1 week ago asking about £60k Porsche as worried if it’s affordable & 1 week later buys brand new model at double the budget.
Love it, mission creap and man maths at its finest.
Sure it will be great, I sincerely hope it’s everything you want.
Yes quite, although I haven’t bought anything yet.
It was only because of some advice received on here pointing out that a new one can actually be had for the same price as the £60k if financed correctly.
As things stand I’ll most likely opt for a 992.
IMI A said:
prismv said:
IMI A said:
Like others have said though if its any sort of squeeze better to buy outright if possible but there is no right or wrong because it completely depends on an individuals own particular set of circumstances. There is nothing wrong with debt so long as you can service it. Most people have a mortgage and car finance is similar. Thousands wouldn't have been able to drive a Porsche for the last 25 yrs without debt and we'd be the poorer for it in terms of wonderful experiences.
There is something v.nice about the new 992. I love the wheel arches. Lots of retro touches throughout the car which are nice. Some cars have the X factor. I think the 992 has the X factor - the styling in particular is a triumph. Certainly more road presence than say a 991.2 GTS as 992 so wide at the front and back. Look at its bulbous wheel arches, bonnet scoop. Fabulous interpretation of the 911.
992 modernity makes 991.2 feel last gen but the drive is very similar other than initial turn in where 992 a bit sharper. 991.1 and 997 prehistoric. Even back in 2007 997 info tech like PCM was worse than in a Ford Ka. They're all super 911s to drive though which is the main thing.
OP if you've not had a 911 before the new 992 a hell of a motor. Blacks the colour. 991.2 very similar so you won't feel short changed - same with a 991.1 - can't go wrong with any of them - hope this helps
Love these pics, are they both yours?There is something v.nice about the new 992. I love the wheel arches. Lots of retro touches throughout the car which are nice. Some cars have the X factor. I think the 992 has the X factor - the styling in particular is a triumph. Certainly more road presence than say a 991.2 GTS as 992 so wide at the front and back. Look at its bulbous wheel arches, bonnet scoop. Fabulous interpretation of the 911.
992 modernity makes 991.2 feel last gen but the drive is very similar other than initial turn in where 992 a bit sharper. 991.1 and 997 prehistoric. Even back in 2007 997 info tech like PCM was worse than in a Ford Ka. They're all super 911s to drive though which is the main thing.
OP if you've not had a 911 before the new 992 a hell of a motor. Blacks the colour. 991.2 very similar so you won't feel short changed - same with a 991.1 - can't go wrong with any of them - hope this helps
I think the 4 tail pipes 992 is stunning to behold, but every one says I need the Porsche exhaust system where you loose 2 of the pipes.
Just wish you could have 4 and exhaust system together
The exhaust noise is fine on the standard quad 992 system IMO. Coming out of a BMW 6 series I think you'll love 992 from an emotional and dynamic perspective.
I’ve seen a great 992 C4S for a very good price although I noticed it doesn’t have Bose, whats the standard sound system like?
nunpuncher said:
prismv said:
Is this good value
https://www.autotrader.co.uk/classified/advert/201...
Also can you fit a car seat for a 7 year old in the back?
If so I’m good to go on a 992
Depends what you mean by car seat. My daughter (7) is perfectly comfortable in the back in a base only booster. My son (9) struggles in a base only booster, his head almost touches the roof so I had a low profile booster made just to bring him to the correct height for the seatbelt to not strangle him.https://www.autotrader.co.uk/classified/advert/201...
Also can you fit a car seat for a 7 year old in the back?
If so I’m good to go on a 992
Both my kids are short arses for their ages. Neither fit in a full high back booster.
I didn’t think it was legal for them to not be in a full car seat until they were a certain height so I may have misunderstood this
My 10 year old is too big for a booster and car seat now but my 7 year old still needs to be in a full back car seat.
We do have little booster so if these are ok, safe and legal I should be fine.
Hoping to get a loaner from OPC try. How much leg room is there?
skinny said:
IMI A said:
I've not driven with sports exhaust but found the normal exhaust fine as they plumb in sound to the cabin with sound symposers.
Without wishing to derail the thread, surely if they need sound symposers to plumb in addition noise, then by definition the normal exhaust is not fine? 
Is it only on the non sport exhaust this is done?
nunpuncher said:
IMI A said:
We’ve know this on every turbo Porsche since 1975? If they have strategies which fix or at partial fix the problem who cares? Many dyed in the wool air cooled owners would get out of the 992 rolling about laughing as that aircooled NVH and general oiliness inc smell for them is very important part of the experience. I was in the UK not long ago and attended my first PCGB concours. I noticed that dyed in the wool air cooled enthusiasts ain’t getting any younger. This cars not aimed at them!!!!
Even the sports exhaust on the new cars sounds relatively crap compared to the older cars due to all the regulations they have to meet now.As for watercooled beards not getting any younger. There are more folk in their 40s who can afford £15k deposit then £800pm on the never never than folk who can drop almost £100k cash on what will most likely be a second/weekend car. Such cars always sit in the hands of those with the time and the money to maintain and enjoy them. If I had a spare £100k to drop on a car I wouldn't be putting it into a 992.
jakesmith said:
prismv said:
What would you put it in?
Sorry not aimed at me but for £100k I'd want something a bit more exciting than a 3.0 992650
V12V / DBS
R8 V10
599 / Cali/ 430
Even a nice GranTurismo
https://www.autotrader.co.uk/classified/advert/201...
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