12 GT4's for sale on PistonHeads and growing
Discussion
Str6mik said:
Interesting video from JayEmm as always. In my experience - Porsche Chester at least they have actually downplayed my views on the depreciation curve of the GT4. In the salesman's own words ' the bubble will have to burst on the GT4'. Currently I don't see how though. The values will only correct at a market level. I think the Gt4 is probably bang on price to under at the moment for what it is.
Cayman R - Struggle to get a decent one for under £45k. 987 Spyder's are £50k.981 GTS are £55k - £60k.
So ignoring the 911 world but in the box / cayman world I think the price hierarchy is right - and there isn't going to be a readjustment of GT4 prices until there is an overall market shift. For me the best demonstration that the Gt4 values are solid is that we have had two iterations of Porsche box/ cayman models since the R was launched, and the values are solid / rising.
The GT4 can only be stronger.
I think "bubble" is not the right word to use on GT4 prices, or most GT car prices for that matter. GT4 prices were bubbly in the initial frenzy of excitement, but seem to me to have been pretty stable for a while now. Same seems to be the case for '6 and '7 GT3s. I think the reason for this is that a 10-15 year old GT car is still a very desirable thing (well maintained, of course). So I don't see any reason why same would not be the case for GT4. Cayman R - Struggle to get a decent one for under £45k. 987 Spyder's are £50k.981 GTS are £55k - £60k.
So ignoring the 911 world but in the box / cayman world I think the price hierarchy is right - and there isn't going to be a readjustment of GT4 prices until there is an overall market shift. For me the best demonstration that the Gt4 values are solid is that we have had two iterations of Porsche box/ cayman models since the R was launched, and the values are solid / rising.
The GT4 can only be stronger.
That is of course subject to things that might shift the whole market (bad recession, major restrictions on using petrol cars, etc.)
Str6mik said:
The choice is really two houses to rent ... or a gt4... or an exige 350 sport and one house to rent.
My heart is saying gt4. Head exige and a house !
It's simple.My heart is saying gt4. Head exige and a house !
Let's say you have 80k cash for the above...
Use 30k x 2 deposits on some rental properties. Let's say 2 x 100k terrace houses in decent town
Throw 20k into the GT4 as a deposit and finance the rest (clydesdale will do 4.2%, yield on the houses will be more)
trowelhead said:
It's simple.
Let's say you have 80k cash for the above...
Use 30k x 2 deposits on some rental properties. Let's say 2 x 100k terrace houses in decent town
Throw 20k into the GT4 as a deposit and finance the rest (clydesdale will do 4.2%, yield on the houses will be more)
Show me the maths on that yield on a house, not that 4.2% is any thing, but neither is 5 or 6% for the hassle of having a house rented out. only place a rented house works today if you do the maths is a retirement present, don't count on any income for 15/16 years !Let's say you have 80k cash for the above...
Use 30k x 2 deposits on some rental properties. Let's say 2 x 100k terrace houses in decent town
Throw 20k into the GT4 as a deposit and finance the rest (clydesdale will do 4.2%, yield on the houses will be more)
I did not even think you could buy a nice terrace house for £100k in a decent town !!!
Porsche911R said:
trowelhead said:
It's simple.
Let's say you have 80k cash for the above...
Use 30k x 2 deposits on some rental properties. Let's say 2 x 100k terrace houses in decent town
Throw 20k into the GT4 as a deposit and finance the rest (clydesdale will do 4.2%, yield on the houses will be more)
Show me the maths on that yield on a house, not that 4.2% is any thing, but neither is 5 or 6% for the hassle of having a house rented out. only place a rented house works today if you do the maths is a retirement present, don't count on any income for 15/16 years !Let's say you have 80k cash for the above...
Use 30k x 2 deposits on some rental properties. Let's say 2 x 100k terrace houses in decent town
Throw 20k into the GT4 as a deposit and finance the rest (clydesdale will do 4.2%, yield on the houses will be more)
I did not even think you could buy a nice terrace house for £100k in a decent town !!!
100k house / flat will rent for 600pcm = 7.2% yield
25% deposit is £25k plus stamp and costs roughly £30,000 all in x 2 houses
Both will be bought using a ltd company SPV so you can offset interest
Each one will have mortgage of 75k @ 4% interest (that's not a particularly cheap rate, it's assuming you fix for 5 years and thats a LTD company rate too - cheaper products may be available)
So monthly you'll be getting £1200 rent, minus £500 mortgage interest (150k x 4%) = £700 pcm on a £60,000 investment
Thats 14% return on your cash (not even including any capital growth). Plus manchester for example is fastest growing house prices in UK over last 12 months and capital values have risen 7.7% source - https://www.hometrack.com/uk/insight/uk-cities-hou...
So return on cash is good, capital growth is a bonus. Yes you will be deducting maintenance, voids, letting agent fees (if you don't self manage) but still a compelling long term investment over couple of decades
20k down on a GT4, finance might be perhaps £500 a month or less. But then when your situation changes, sell the car on and your assets are still paying you
Edited by trowelhead on Wednesday 27th June 18:02
trowelhead said:
Ok heres my maths. Talking from experience here not theory (and NW towns like manchester / liverpool etc)
100k house / flat will rent for 600pcm = 7.2% yield
25% deposit is £25k plus stamp and costs roughly £30,000 all in x 2 houses
Both will be bought using a ltd company SPV so you can offset interest
Each one will have mortgage of 75k @ 4% interest (that's not a particularly cheap rate, it's assuming you fix for 5 years and thats a LTD company rate too - cheaper products may be available)
So monthly you'll be getting £1200 rent, minus £500 mortgage interest (150k x 4%) = £700 pcm on a £60,000 investment
Thats 14% return on your cash (not even including any capital growth). Plus manchester for example is fastest growing house prices in UK over last 12 months and capital values have risen 7.7% source - https://www.hometrack.com/uk/insight/uk-cities-hou...
So return on cash is good, capital growth is a bonus. Yes you will be deducting maintenance, voids, letting agent fees (if you don't self manage) but still a compelling long term investment over couple of decades
20k down on a GT4, finance might be perhaps £500 a month or less. But then when your situation changes, sell the car on and your assets are still paying you
nice man maths guide to renting :-)100k house / flat will rent for 600pcm = 7.2% yield
25% deposit is £25k plus stamp and costs roughly £30,000 all in x 2 houses
Both will be bought using a ltd company SPV so you can offset interest
Each one will have mortgage of 75k @ 4% interest (that's not a particularly cheap rate, it's assuming you fix for 5 years and thats a LTD company rate too - cheaper products may be available)
So monthly you'll be getting £1200 rent, minus £500 mortgage interest (150k x 4%) = £700 pcm on a £60,000 investment
Thats 14% return on your cash (not even including any capital growth). Plus manchester for example is fastest growing house prices in UK over last 12 months and capital values have risen 7.7% source - https://www.hometrack.com/uk/insight/uk-cities-hou...
So return on cash is good, capital growth is a bonus. Yes you will be deducting maintenance, voids, letting agent fees (if you don't self manage) but still a compelling long term investment over couple of decades
20k down on a GT4, finance might be perhaps £500 a month or less. But then when your situation changes, sell the car on and your assets are still paying you
Porsche911R said:
trowelhead said:
Ok heres my maths. Talking from experience here not theory (and NW towns like manchester / liverpool etc)
100k house / flat will rent for 600pcm = 7.2% yield
25% deposit is £25k plus stamp and costs roughly £30,000 all in x 2 houses
Both will be bought using a ltd company SPV so you can offset interest
Each one will have mortgage of 75k @ 4% interest (that's not a particularly cheap rate, it's assuming you fix for 5 years and thats a LTD company rate too - cheaper products may be available)
So monthly you'll be getting £1200 rent, minus £500 mortgage interest (150k x 4%) = £700 pcm on a £60,000 investment
Thats 14% return on your cash (not even including any capital growth). Plus manchester for example is fastest growing house prices in UK over last 12 months and capital values have risen 7.7% source - https://www.hometrack.com/uk/insight/uk-cities-hou...
So return on cash is good, capital growth is a bonus. Yes you will be deducting maintenance, voids, letting agent fees (if you don't self manage) but still a compelling long term investment over couple of decades
20k down on a GT4, finance might be perhaps £500 a month or less. But then when your situation changes, sell the car on and your assets are still paying you
nice man maths guide to renting :-)100k house / flat will rent for 600pcm = 7.2% yield
25% deposit is £25k plus stamp and costs roughly £30,000 all in x 2 houses
Both will be bought using a ltd company SPV so you can offset interest
Each one will have mortgage of 75k @ 4% interest (that's not a particularly cheap rate, it's assuming you fix for 5 years and thats a LTD company rate too - cheaper products may be available)
So monthly you'll be getting £1200 rent, minus £500 mortgage interest (150k x 4%) = £700 pcm on a £60,000 investment
Thats 14% return on your cash (not even including any capital growth). Plus manchester for example is fastest growing house prices in UK over last 12 months and capital values have risen 7.7% source - https://www.hometrack.com/uk/insight/uk-cities-hou...
So return on cash is good, capital growth is a bonus. Yes you will be deducting maintenance, voids, letting agent fees (if you don't self manage) but still a compelling long term investment over couple of decades
20k down on a GT4, finance might be perhaps £500 a month or less. But then when your situation changes, sell the car on and your assets are still paying you
Cheib said:
Totally off topic but I am amazed yo can get 7% yields in areas that are showing decent house price inflation with current lending rates. Yields in London are 2% with a market that's going nowhere.
7% seems ambitious to me if you include costs...Around here you're doing well to get 5%.Cheib said:
Totally off topic but I am amazed yo can get 7% yields in areas that are showing decent house price inflation with current lending rates. Yields in London are 2% with a market that's going nowhere.
Shock, there's more to the UK than London...................hahaWe do the same with our rental properties - I'm literally considering whether to sell mine and buy two houses in North Yorks at the moment............
trowelhead said:
Ok heres my maths. Talking from experience here not theory (and NW towns like manchester / liverpool etc)
100k house / flat will rent for 600pcm = 7.2% yield
25% deposit is £25k plus stamp and costs roughly £30,000 all in x 2 houses
Both will be bought using a ltd company SPV so you can offset interest
Each one will have mortgage of 75k @ 4% interest (that's not a particularly cheap rate, it's assuming you fix for 5 years and thats a LTD company rate too - cheaper products may be available)
So monthly you'll be getting £1200 rent, minus £500 mortgage interest (150k x 4%) = £700 pcm on a £60,000 investment
Thats 14% return on your cash (not even including any capital growth). Plus manchester for example is fastest growing house prices in UK over last 12 months and capital values have risen 7.7% source - https://www.hometrack.com/uk/insight/uk-cities-hou...
So return on cash is good, capital growth is a bonus. Yes you will be deducting maintenance, voids, letting agent fees (if you don't self manage) but still a compelling long term investment over couple of decades
20k down on a GT4, finance might be perhaps £500 a month or less. But then when your situation changes, sell the car on and your assets are still paying you
Tax?
100k house / flat will rent for 600pcm = 7.2% yield
25% deposit is £25k plus stamp and costs roughly £30,000 all in x 2 houses
Both will be bought using a ltd company SPV so you can offset interest
Each one will have mortgage of 75k @ 4% interest (that's not a particularly cheap rate, it's assuming you fix for 5 years and thats a LTD company rate too - cheaper products may be available)
So monthly you'll be getting £1200 rent, minus £500 mortgage interest (150k x 4%) = £700 pcm on a £60,000 investment
Thats 14% return on your cash (not even including any capital growth). Plus manchester for example is fastest growing house prices in UK over last 12 months and capital values have risen 7.7% source - https://www.hometrack.com/uk/insight/uk-cities-hou...
So return on cash is good, capital growth is a bonus. Yes you will be deducting maintenance, voids, letting agent fees (if you don't self manage) but still a compelling long term investment over couple of decades
20k down on a GT4, finance might be perhaps £500 a month or less. But then when your situation changes, sell the car on and your assets are still paying you
Tax?
Edited by trowelhead on Wednesday 27th June 18:02
Porsche911R said:
Cheib said:
JZM had two PTS cars for sale about a month ago one Viper Green which they still have and another one which seems to have come back up for sale which is Riviera Blue...if it is the same car it's up for more money than it was before.
looks the same to me, A CS without the track app chrono !!! I remember thinking odd before.if you spec CS you spec the lap timer !!! imo of course
they were the same money just the Viper one has been dropped in price now a little.
Edited by Porsche911R on Wednesday 27th June 16:18
and as for the rev limit display, all you need to do is to get someone to check the sport chrono box in PIWIS and you get the functionality. Its FOC.
on the other hand, you do get an analogue clock............ and add some more grams of weight.
Cheib said:
Totally off topic but I am amazed yo can get 7% yields in areas that are showing decent house price inflation with current lending rates. Yields in London are 2% with a market that's going nowhere.
Search rightmove properties under 100k, within 3 miles of manchester for example. Tonnes of flats and houses, if you have local knowledge there are good bits and bits to stay away from.Robbo66 said:
And then funds still stuck in Ltd Company...wishful thinking TBH
Correct. This is assuming you are looking to build for the future. Funds in the company could be paid to a low earning spouse, put into your pension etc etc or drawn down during retirement. HokumPokum said:
the track app is for what? .
er timing laps which is why you would go for a CS spec car, goes hand in hand.It also adds the lap trigger for track side data.
I did not spec the track app in my GT4 but I did not spec CS either.
In my GT3 I speced both as I think one goes with the other.
"The Porsche Track Precision app is part of a special Sport Chrono Package, which is only available as an exclusive option for the Porsche GT sports cars Cayman GT4, 911 GT3 and 911 GT3 RS. It also includes the pre-fitting for connecting a lap trigger, which is available as an option from Porsche Tequipment. This lap trigger allows lap times to be measured even more precisely than using the GPS signal."
so I'll stand by my comment that if you have speced CS car it really goes hand in hard with lap timing equipment.
I can only take it you did not spec it , just speced one 1/2 of it ...
Edited by Porsche911R on Thursday 28th June 13:42
All I was pointing out was that it is basically software you can buy for £25 from Harry's Lap Timer and you still need external GPS. I think lap trigger is optional.
cool if you want the Porsche software but insisting that one should get it because one ordered CS does not make sense.
I don't like to buy unnecessary items but to each their own.
cool if you want the Porsche software but insisting that one should get it because one ordered CS does not make sense.
I don't like to buy unnecessary items but to each their own.
theRossatron said:
Close to trading my sapphire blue 2015, 7,000 mile, LWB, extended leather +a few other bits and bobs against a 458. Anyone clued up on current trade values?
Hard to compare two cars...however there was a similar coloured, clubby, with huge spec (918 seats and PCCB etc) 2016 car that was for sale for high £70s (private forum)- seller suggested this was close to his trade offer.Work backwards from that
Is yours a club sport, No PCCB, 1 year older
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