Can I afford a decent 911 for everyday use?
Discussion
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.
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.
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.
+1Personally, 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.
Like you, I'd be looking at low mileage 991.1's, I actually think the NA engined 991's will hold their value well in the future IMHO
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.
Personally in PDK form, I found the 991.2 a better engine.
In the 991.1GTS you’d sometimes come off a roundabout and the gear is too high and you either mash your foot to the floor and it drops to 1st and screams off, or it stays in 2nd/3rd and takes a while to build up speed.
I generally prefer na engines but once I drove the 991.2GTS I loved the way the turbo punched out of corners and roundabouts.
Before anyone says, I know you can manually shift down, but you don’t always want to.
In the 991.1GTS you’d sometimes come off a roundabout and the gear is too high and you either mash your foot to the floor and it drops to 1st and screams off, or it stays in 2nd/3rd and takes a while to build up speed.
I generally prefer na engines but once I drove the 991.2GTS I loved the way the turbo punched out of corners and roundabouts.
Before anyone says, I know you can manually shift down, but you don’t always want to.
prismv said:
Yes I’ve always been the same I gues which is why I’ve never had one...
I’ll still do the test drive and look at some numbers but perhaps the answer to my question on this thread is No ??
The answer to the original question is yes. But I think the answer is also to buy something older than your current 6 series. It's very easy to get caught up in pushing the budget just a little bit more than you initially plan to but I agree that there is no sense in pushing to PCP new or nearly new cars or blow all your savings on the car.I’ll still do the test drive and look at some numbers but perhaps the answer to my question on this thread is No ??
A 911 is one of the few cars where you can drive an older one and 90% of people still think it's new due to the evolution over revolution design approach. I'm sure some would also argue that slightly older cars such as a 997.2 offer a slightly better driving experience than some of the newer models. The other benefit is that depreciation is slow if not completely non existent on some of the older cars.
In your position, with your budget, I would be buying the very best 997.2 I could find. It will be perfectly useable as an every day car. In 12 months you may find you've scratched the 911 itch and want to move on or you may feel you're a full on 911 convert and now want to push for that more expensive car. in which case that 997.2 will probably return all your money.
nunpuncher said:
prismv said:
Yes I’ve always been the same I gues which is why I’ve never had one...
I’ll still do the test drive and look at some numbers but perhaps the answer to my question on this thread is No ??
The answer to the original question is yes. But I think the answer is also to buy something older than your current 6 series. It's very easy to get caught up in pushing the budget just a little bit more than you initially plan to but I agree that there is no sense in pushing to PCP new or nearly new cars or blow all your savings on the car.I’ll still do the test drive and look at some numbers but perhaps the answer to my question on this thread is No ??
A 911 is one of the few cars where you can drive an older one and 90% of people still think it's new due to the evolution over revolution design approach. I'm sure some would also argue that slightly older cars such as a 997.2 offer a slightly better driving experience than some of the newer models. The other benefit is that depreciation is slow if not completely non existent on some of the older cars.
In your position, with your budget, I would be buying the very best 997.2 I could find. It will be perfectly useable as an every day car. In 12 months you may find you've scratched the 911 itch and want to move on or you may feel you're a full on 911 convert and now want to push for that more expensive car. in which case that 997.2 will probably return all your money.
DJMC said:
+1
+1I would not discount a great spec'd 997.2 C2S for your budget. I currently have a 991.1 GTS having owned a great 997.2 C2S recently. To be honest, the fun factor for my driver needs was equal in both. I'm just a normal weekend driver, who blips the throttle occasionally, but more often than not i don't exploit the car fully. I think the key would be to get a very well equipped 997 that has enough creature comforts to make it feel more 'modern' or special to you. For example, I was easily able to play my android phone sourced amazon music stream via the car's bluetooth. It was perfect enough for me. In the 991, i do the same. My 997 was mint, so still felt fresh and newish when driving it. Despite all the extra new kit in the 991, the newness soon wore off to the extent that i would be more than happy to go back to a 997 if i wanted to trade in to save a few quid. I would not think I was downgrading at all.
For your budget (without a big loan or PCP), you could bag a very nice 997
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.
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
As said above, the answer to your original question is yes...and its in the shape of a low mile 997.2 Carrera or Carrera S for approx. £45k
Buy well and if you want to change in a couple of years will probably only cost you between £5k - £10k in depreciation....mine just cost me £4K in depreciation over three years and 16k miles.
Or buy an early 991 with a few miles for £50k and get a more modern interior and slightly upgraded tech..
They're great sports cars and the tech stuff can be added if you want it.
Buy well and if you want to change in a couple of years will probably only cost you between £5k - £10k in depreciation....mine just cost me £4K in depreciation over three years and 16k miles.
Or buy an early 991 with a few miles for £50k and get a more modern interior and slightly upgraded tech..
They're great sports cars and the tech stuff can be added if you want it.
This is a well timed thread as I'm in a very similar situation! I've been offered my friends 2010 997.2 C2S PDK (with 9000 miles!) for £45k. It's basically mint condition and always garaged. But... it's approaching 10 years old so I do wonder if there will still be high maintenance costs coming up, e.g. suspension etc.
The alternative is to get a 992 C2S for ~£100k. I love the new car, and could afford it, but no doubt it will lose £20-30k in the first 3 years. However, does depreciation really matter if one plans to keep the car 8-10 years? Plus points of the 992 is that it's probably a bit more of a rounded daily driver, a bit more space in the back for my 2 kids, and I think I'd rather do a 4 hour drive to Devon in the 992 than the 997.
The alternative is to get a 992 C2S for ~£100k. I love the new car, and could afford it, but no doubt it will lose £20-30k in the first 3 years. However, does depreciation really matter if one plans to keep the car 8-10 years? Plus points of the 992 is that it's probably a bit more of a rounded daily driver, a bit more space in the back for my 2 kids, and I think I'd rather do a 4 hour drive to Devon in the 992 than the 997.
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
HammyHamster said:
This is a well timed thread as I'm in a very similar situation! I've been offered my friends 2010 997.2 C2S PDK (with 9000 miles!) for £45k. It's basically mint condition and always garaged. But... it's approaching 10 years old...
Is such low mileage, 1000 a year, really so good for a car? I'd rather an average mileage car.https://www.autotrader.co.uk/classified/advert/201... New&onesearchad=Used
Edited by DJMC on Tuesday 16th July 15:34
DJMC said:
HammyHamster said:
This is a well timed thread as I'm in a very similar situation! I've been offered my friends 2010 997.2 C2S PDK (with 9000 miles!) for £45k. It's basically mint condition and always garaged. But... it's approaching 10 years old...
Is such low mileage, 1000 a year, really so good for a car? I'd rather an average mileage car.https://www.autotrader.co.uk/classified/advert/201... New&onesearchad=Used
Edited by DJMC on Tuesday 16th July 15:34
I didn't realise that ultra low mileage 911's were looked upon suspiciously. In the case of my friend's car, I've known the car since he bought it from new (I live across the road) and he has fastidiously (to the point of OCD) looked after it.
p.s. Congrats OP on the 992! Keep us updated.
HammyHamster said:
This is a well timed thread as I'm in a very similar situation! I've been offered my friends 2010 997.2 C2S PDK (with 9000 miles!) for £45k. It's basically mint condition and always garaged. But... it's approaching 10 years old so I do wonder if there will still be high maintenance costs coming up, e.g. suspension etc.
The alternative is to get a 992 C2S for ~£100k. I love the new car, and could afford it, but no doubt it will lose £20-30k in the first 3 years. However, does depreciation really matter if one plans to keep the car 8-10 years? Plus points of the 992 is that it's probably a bit more of a rounded daily driver, a bit more space in the back for my 2 kids, and I think I'd rather do a 4 hour drive to Devon in the 992 than the 997.
Going by some reviews, that also seems to be a bit of a downside. A few have said it's a bit detatched and has lost a bit of its 911ness. I dare say the same is said of every generation but that doesn't necessarily make it less true.The alternative is to get a 992 C2S for ~£100k. I love the new car, and could afford it, but no doubt it will lose £20-30k in the first 3 years. However, does depreciation really matter if one plans to keep the car 8-10 years? Plus points of the 992 is that it's probably a bit more of a rounded daily driver, a bit more space in the back for my 2 kids, and I think I'd rather do a 4 hour drive to Devon in the 992 than the 997.
A lot can happen in 8-10 years. Gazing into my imaginary crystal ball all new cars will be electric, air cooled 911s will be worth £9m, any manual NA water-cooled 911 will be worth c£4m and 992 will be worthless as nobody wants a non-turbo turbo'd 911 that's been superseded by the new electric one. I'm pretty sure I've got that all bang on
[quote=dgswk]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.
Great post.
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.
Great post.
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????
....(text removed for quote purposes)...
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.
....(text removed for quote...)
Ive shortened your post just to keep the overall length down but hopefully havent been "selective" for my general point,which is in no a critical comment on you We've ordered a brand new £102k 992, putting £15k down and c. £850/month for 4 years. Can we afford it????
....(text removed for quote purposes)...
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.
....(text removed for quote...)
Edited by dgswk on Tuesday 16th July 12:31
That said, it's all relative on what you consider well off or loaded as you put it. You just put in order in on a £100,000 car, have 2 buy to let plus your own home whilst putting 24% of your salary into pension whilst having no other debts. I do not doubt for a second you and your wife have worked for it, make good choices including not spalshing out at other times etc and this is no criticism of you or your post, just that I'd take a punt and say high90% of the population will not be in such a position and would categorise you as wealthy/loaded. It's a fabulous place to be at any stage of life.
As I say , it's all relative. I'm sure there are people you consider wealthy because theyre in a 'better' position. Enjoy the car when it comes , I hope I brings many good memories.
I have an old 987 Cayman which is brilliant, the 992 I'm sure will be a totally different level.
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