gt3 ...138 cars for sale !!!!

gt3 ...138 cars for sale !!!!

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Discussion

Digga

40,204 posts

282 months

Tuesday 20th November 2018
quotequote all
throt said:
browngt3 said:
Dammit said:
I'd imagine that you would need a salary of around half a million quid a year to consider a GT3
Bloody hell yikes
Hahah,,1/2 million. I am not on that but have a 991.2GT3 purchased outright. If I need finance to fund a car, then for me, I can’t afford it. Flame me but it’s just my opinion.
I don't think that a bad opinion. There have been times when I've adhered to it too. It is definitely less riskier, although in so doing you (or at least I, at any rate) cannot help but wonder about the potential returns you forgo on the capital tied up in the motor.

Porsche911R

21,146 posts

264 months

Tuesday 20th November 2018
quotequote all
Digga said:
) cannot help but wonder about the potential returns you forgo on the capital tied up in the motor.
like what ? this pops up time and time again but where can you earn >8% PA risk free ? or lets make it easy, If I have £40k how can I make £10k net in 3 years because that's what a PCP costs people inc the fee's etc.

Finance a GT3 and it's £25k costs !

no one evers answers this who are pro PCP, if people could make others >8% you would be worth millions with that knowledge.

I have asked 20 or 30 people on here this question, it turns up a blank every time.


Edited by Porsche911R on Tuesday 20th November 08:29

Dammit

3,790 posts

207 months

Tuesday 20th November 2018
quotequote all
Porsche911R said:
my cars are worth over 8x my PA wage.

That's what car nutters do, my mates cars are worth about 8x his wage also.

Any one can buy a supercar imo.

Edited by Porsche911R on Tuesday 20th November 08:21
IIRC you are some form of IT consultant so will be evading tax by paying yourself the minimum wage and then the rest in dividends, so that figure is essentially meaningless.

Dammit

3,790 posts

207 months

Tuesday 20th November 2018
quotequote all
throt said:
Hahah,,1/2 million. I am not on that but have a 991.2GT3 purchased outright. If I need finance to fund a car, then for me, I can’t afford it. Flame me but it’s just my opinion.
Fair enough, proves we are all different- as I said, spending my entire annual salary on a car is something I could never seriously consider.

Digga

40,204 posts

282 months

Tuesday 20th November 2018
quotequote all
Porsche911R said:
like what ? this pops up time and time again but where can you earn >8% PA risk free ? ...
Risk free, who said anything about that? Hence the use of the word "potential".

However, if you can't borrow at less than 8%, then perhaps you do have to take a long, hard look at whether credit is a good idea.

Porsche911R

21,146 posts

264 months

Tuesday 20th November 2018
quotequote all
Digga said:
isk free, who said anything about that? Hence the use of the word "potential".

However, if you can't borrow at less than 8%, then perhaps you do have to take a long, hard look at whether credit is a good idea.
ok then with risk where can I get >8%

Porsche911R

21,146 posts

264 months

Tuesday 20th November 2018
quotequote all
Dammit said:
Fair enough, proves we are all different- as I said, spending my entire annual salary on a car is something I could never seriously consider.
why not ? my cars are worth double my house !

any one In a ok job can buy a super car if they wish, they just choose not to.

Porsche911R

21,146 posts

264 months

Tuesday 20th November 2018
quotequote all
Dammit said:
IIRC you are some form of IT consultant so will be evading tax by paying yourself the minimum wage and then the rest in dividends, so that figure is essentially meaningless.
not true, I am not Ltd and just earn upto the 40% cut off. I am just not stupid with money.

lemmingjames

7,433 posts

203 months

Tuesday 20th November 2018
quotequote all
Porsche911R said:
not true, I am not Ltd and just earn upto the 40% cut off. I am just not stupid with money.
Have you told them how youve paid off your cars and own all 4 outright yet as a Sole Trader in the lower tax bracket? (thatll get a few frothing and puzzled as to how)

Edited by lemmingjames on Tuesday 20th November 08:55

Twinfan

10,125 posts

103 months

Tuesday 20th November 2018
quotequote all
lemmingjames said:
Have you told them how youve paid off your cars and own all 4 outright yet as a Sole Trader on minimum wage?
I'd love to know how to do that so I can do it myself...

Dammit

3,790 posts

207 months

Tuesday 20th November 2018
quotequote all
I’ll take “He lives with his Mum and doesn’t pay the tax he should” for ten please..

Digga

40,204 posts

282 months

Tuesday 20th November 2018
quotequote all
Porsche911R said:
Digga said:
isk free, who said anything about that? Hence the use of the word "potential".

However, if you can't borrow at less than 8%, then perhaps you do have to take a long, hard look at whether credit is a good idea.
ok then with risk where can I get >8%
Can't help you there. Never tried to mitigate that sort of rate.

browngt3

1,409 posts

210 months

Tuesday 20th November 2018
quotequote all
I used a small amount of finance on mine at 2.8% pa. Made sense to me and has always worked out really well. Have 3 lovely Porsches now and don't need a half million quid income to finance them. Or anything close.

911r has a point. PCP is daylight robbery. I got a quote from Porsche and the interest was eye watering. People do it because it gets them into a car they wouldn't normally be able to afford. But it's just kicking the can down the road imo

Porsche911R

21,146 posts

264 months

Tuesday 20th November 2018
quotequote all
Twinfan said:
I'd love to know how to do that so I can do it myself...
how did you buy your car ATM ?

Porsche911R

21,146 posts

264 months

Tuesday 20th November 2018
quotequote all
browngt3 said:
I used a small amount of finance on mine at 2.8% pa. Made sense to me and has always worked out really well. Have 3 lovely Porsches now and don't need a half million quid income to finance them. Or anything close.

911r has a point. PCP is daylight robbery. I got a quote from Porsche and the interest was eye watering. People do it because it gets them into a car they wouldn't normally be able to afford. But it's just kicking the can down the road imo
very true, my quote was £25k interest, I was black mailed into PCP to get the car , but paid it off after 4 months, it cost me £3k and I owed more than I borrowed after 4 months !!!
How does that work lol PCP will be the next PPI imo I hope I 'll get my £3k back when that happens :-)

people just have green eyes on here at younger ages so PCP they way into nicer cars and slag you off for owning them at 50 years old ! :-( a nasty place PH some times. when I was 19 my car was £2k people now at 19 years old drive about in £35k rented cars ! thing is at 50 they will still be in £35k rented cars. !

Twinfan

10,125 posts

103 months

Tuesday 20th November 2018
quotequote all
Porsche911R said:
how did you buy your car ATM ?
Large deposit and PCP.

GT3cs

1,200 posts

240 months

Tuesday 20th November 2018
quotequote all
Dammit said:
Fair enough, proves we are all different- as I said, spending my entire annual salary on a car is something I could never seriously consider.
I guess the point is what you perceive you are spending . In my case I'm purely making purchase decisions on the cost to own i.e depreciation or in recent years some appreciation. Your not really spending a £180k as some value still remains in the product . All your committing is the potential loss , which isn't £180k , ( unless you insure 3rd party only ) .

For the record I've been a 996 /997 /991.1 and 991.2 GT3 owner , 2 x Spyders , 2 x Cayman R , 2 x GTS and a GT4 over the last 10 years ... and I only earn £50k PA . (And I purchase them outright - no Kids mind ! )


Discombobulate

4,793 posts

185 months

Tuesday 20th November 2018
quotequote all
Dammit said:
Fair enough, proves we are all different- as I said, spending my entire annual salary on a car is something I could never seriously consider.
You are not alone. I wouldn't spend half my annual salary on a car, and I love cars.

Discombobulate

4,793 posts

185 months

Tuesday 20th November 2018
quotequote all
Porsche911R said:
not true, I am not Ltd and just earn upto the 40% cut off. I am just not stupid with money.
Your cars are worth more than your house? And 8 times your salary? And you earn just enough to up to reach the 40% cut off?
I regret to report that you are officially stupid with money smile

Porsche911R

21,146 posts

264 months

Tuesday 20th November 2018
quotequote all
Twinfan said:
Large deposit and PCP.
That's where your money is going, I ran 2 Cayman R for 30k miles and five years, broke even.
My Spyder worth £12k more than I paid for it, my GT3 well who knows but I hope to break even after 2 years free motoring.
GT4 ran for 2 years cost me £5k but I did have to give that away !!!

Get it yet ? Yes you are lucky in your car is a wise buy so you won't loose £70k like a 720S lol but it's cost you to own it more than I would want to pay/afford. £20k over 3 years maybe ? if you part ex it back.