Options/Finance Help

[guyvert1]

Hello, hope all are well

I'm finally going to take the plunge this yr and put down a deposit on the 997 (c2).. Our local dealer advised theres a list till 04/05, so plenty of time to sort out money..

I'm looking to put down £20k, and then one of their HP deals.

What I'm after is anyone who has done this and their thoughts on which is the best. I'll be keeping the car for around 2/3yrs, prob up to 12k a year, looking @ around £500pm to finance...

After speaking to the dealer, this is all very 'doable' and will be getting the spot light treatment from their finance guy next week, so any info/help on best deals to go for would be very appreciated...

Also what were the best options to go for on the 996, I imagine the 997 will have similar (baar 19" wheels ), so not having had one before any info and good kit to go for would be nice..

I must say aswell the service I got from the guy today was 100% better than the arrogance I got from all the BMW dealer's I've dealt with over the 4yrs ownership of my 540i, which is a very pleasant surprise!

Thanks

John

[guyvert1]

Don't tell me you all buy your new porkers with cash?

[guyvert1]

Thanks for the reply...

I realise cash is always king, but £60k is way to much to have tied up in a car in one lump. Loans are fine, but normally capped @ £25k, I have max £30.. I wanted to get a 997 for many reasons, one being that after a yr or so, it'll still be worth a fair bit.

I'm still awaiting to hear back the final figures from Porsche, but paying £500pm for up to 3yr, (£6kpa - 7%apr), I would def. think the value of the 997 would hold well against this...

I did look @ a 2/3yr old 996 as I can afford most+loan, but I reckon it'll loose at least another £10k over 3yr, esp. with 997 on way...

It's a real headache trying to figure...

Dealer said would need £3k deposit in May to stay on list, which he said is fully refundable, as very confident at selling 'my' car.

Cheers

John

[guyvert1]

The points you raise are exactly the one rattling around my head.

The dealer said that customers normally trade in b4 18months for a new one...

As for ballon payment, its set @ £28k, I reckon the 997 would be worth at least £35 still after 3 (if I kept that long).

Its a n/mare trying to work out the exact 'costs' involved in doing the lease/finance deal if you do trade in after 18months... I very much doubt dealer will make it clear.. Obv. they WILL make money out of it...

Quick sums so far are:

997 with a 'few' options @ £60k
£20k deposit
£500pm @ appox 7.5pa%

So after say 1yr, I'd of paid £6k, to which I can't work out how much will be put towards the total and which towards interest. 7.5% of £6k = £525, which seems way to, obv its not that simple, anyone with a 'finance' head , help would be appreciated.

But worse case for example, that only £3k went off total then I'd be left with £20+£3k off £60 leaving £37k owed, which is not alot for 1 yr old 997?... No idea on the price dealer would trade in at?..

There must be an easy way of working this out, or am I just dreaming?

[guyvert1]

not forgetting the £3k you pay on the 'loan', making total £60, umm seems close to the starting price ;-). Then its figuring out how much a 1yr 997 is worth... Bearing in mind the waiting lists, I reckon close to list will be possible...

Get the 's' version for a yr, making 2 in total, and the 998 should be waiting for you

All seems so easy, but could mean bread'n'cheese if the market sways!!!

Sooooo soooo tempting though!..

[guyvert1]

Found this useful to compare figures

www.grosvenor-butterworth.co.uk/car_loan_calculator.html