GT4 RS breaks cover then...

[Familymad]

You are very right. They are a bargain against a GTS which is double the monthly. Wonder why they are setting GFV like that ?

[TDT]

You’d have to be crazy to use Porsche finance with those GFV on this car at present. Other lenders are much less conservative/greedy.

I think it maybe points to Porsche’s caution and not wanting to hold any risk.

[kmpowell]

Familymad said:

You are very right. They are a bargain against a GTS which is double the monthly. Wonder why they are setting GFV like that ?

IMO you can ignore the 'monthly' amount. Monthlies are just a product of APR + GFV + Screen Price.

GFV is what matters to see what values might be like in the future
APR is what matters from a lender v lender POV
Screen price is what matters from dealer pricing v dealer pricing POV

A quick look on the OPC finder, filtered to 2023 PDK cars, with 1500 miles currently on the clock. After 3yrs (5k miles per year) they are being underwritten around the following marks:

GTS - £45k
GT4 - £61k
GT4RS - £82k

Apply the GFV % differences versus current screen price % differences, and the GTS is hugely over screen-priced. The 4RS is still over priced, but we know they are falling and finding their level. Where as the GT4 has a strong residual v screen prices. Gap to fund(GFV v Screen price) on a GT4 is the smallest of the three, which IMO represents really good VFM.

TDT said:

You’d have to be crazy to use Porsche finance with those GFV on this car at present. Other lenders are much less conservative/greedy.

I think it maybe points to Porsche’s caution and not wanting to hold any risk.

The thing is VWFS GFV's are higher than pretty much all the lenders when it comes to PCP, but they use a higher APR to counter that (a purchase is charged APR on the loan amount, and a flat rate on the GFV).

[MannyLon]

Not sure I’d agree that the GT4 has strong residuals having traded mine in and know of others who have.

[kmpowell]

MannyLon said:

Not sure I’d agree that the GT4 has strong residuals having traded mine in and know of others who have.

I guess it depends what your expectations are and when/how you purchased it. If you paid OPC used prices over the past 18mths, then I suspect it's going to hurt somewhat depending how far past summer '22 you bought it. But if you got one at list, then it'll be pretty normal.

My car was purchased brand new in July 22', with list of £92k. GFV on the car in July this year at 2yrs old is £68k. Not that I'm going to sell, but to get a steer of the market as I am going to need to refinance in July, I got 3 various trade bids last month which ranged c£78-83k, which I'd say that is pretty good value in the current market. Going into spring/summer those bids should stay firm, or maybe even increase a bit depending on availability (this time last year there were 3x the amount of GT4's available on OPC locator) of decent spec cars continuing to shrink.

A refinance 3yr GFV I'm being quoted by the finance houses at circa £55-60k. So that'll be 5 years fun motoring for worse case scenario of circa £30-35k depreciation.

That's not bad residual value in the real world, I'd say.

[LamedonM]

That trade in value of £78-83K of July 2022 GT4 is a bit optimistic. A similar one 2 owner bought July 2022 with a list price of £95000+ at a mileage of 5600 miles was estimated today to be 70K trade value by motorway.

The car is not being sold anyway, not PCP but HP

[MannyLon]

In the current market, they’ll pull your trousers down on trade in.