GT4RS - Availability, what’s the latest?

[Throttlebody]

Pay £172K for a £140K car worth £66K in 3.5 years time. Solid gold.

[MannyLon]

Ahh, here we go, moaning about values and depreciation again..
If it hurts, cars not for you, time to move on

[Terry Winks]

Ahhhh no complaining from me, I'd really like one, and seriously thought about it. But its too much for me, I could afford it, but it would be a pretty foolish move!

And I thought I was doing ok, but its a paygrade or 2 above me!

[av185]

Since when were quoted GFVs ever accurate.

The 991.2 GT3 was quoted at c mid £60ks at 3 years old you wouldn't even get a 10+ year old 991.1 GT3 for that even in this current market approaching Chrim..

If folks bleat about pie in the sky low GFVs and ott payments then pay cash for the car/sell other assets etc or maybe ask yourself can you really afford it..... controversial yes but an element of truth in this for sure.

[Snowy999]

What's the annual mileage assumed for these finance quotes?

[av185]

Wonder if VWFS are using much higher interest rates on pcps typically utilised on used cars and now applying them across new cars because of the market.

[Digga]

Snowy999 said:

What's the annual mileage assumed for these finance quotes?

Ah, you want to drive it as well?

Some people.

[Terminator X]

av185 said:

Wonder if VWFS are using much higher interest rates on pcps typically utilised on used cars and now applying them across new cars because of the market.

My understanding is that the finance companies can't be "creative" anymore as their hands are now tied due to all the finance scandals currently un-folding. It used to be that some dealers could offer better finance than others vs now it seems that there is just one offer and no one can break it.

Also that rate that VWFS are using is insane!

TX.

[kmpowell]

TDT said:

You’d have to be bonkers to use VWFS at those rates.

Not necessarily. I've seen you talk about alternative lending sources, but you are not looking at the whole picture.

Yes, rates may be a bit lower from brokers/lenders, but other lenders can't/don't underwrite at the same levels VWFS do due to ththe broker/lender not owning (or having full visibility) of the control market, so the RV/GFV they quote is lower. The results in the 'monthly' ending up being either the same and/or in most cases more than you pay from VWFS.

So there are in fact two considerations when it comes to finance (GFV/RV and APR), and it depends what you plan to do with the car...

If a buyer plans to only have the car a couple of years before selling (i.e terminating/switching early) then there's no point getting rates else where as the overall cost of term is lower from Porsche due to the interest rebate due on an early settlement. The buyer is never going to reach the end of term, so having a higher RV is more beneficial as it keeps the monthly lower (less to finance over the terms).

If a buyer plans to keep the car long term and then pay the residual, I agree that having a lower APR will be better, but the same principle about RV applies. The RV will still be lower, so the monthly will be the same or higher than that from Porsche.

[MannyLon]

It comes down to total cost of ownership over the loan period.

[ChrisW.]

The other option is to top-up your mortgage and become a cash buyer?

Interest rates were coming down ... now much more slowly due to the last budget ... bless them.

[GT4RS]

MannyLon said:

It comes down to total cost of ownership over the loan period.

100% between 2014 and mid 2022 the cost of ownership on these gt cars was very little, hence the crazy demand during this time.

Sadly this landscape appears to be changing quickly and the cost of ownership’s may be reverting to pre 2014. I guess this can been seen by discounts being given on new unallocated gt cars, availability being higher than normal on used gt cars, 11% plus opc interest rates and lower than normal GFV being offered.

The cost of ownership looks to be getting expensive, even when opc discounts are applied.

[hunter 66]

Yes , seems , drive to enjoy as investment side done , Bitcoin the the new King

[MannyLon]

Or now it’s the enthusiasts turn

[LamedonM]

kmpowell said:

TDT said:

You’d have to be bonkers to use VWFS at those rates.

Not necessarily. I've seen you talk about alternative lending sources, but you are not looking at the whole picture.

Yes, rates may be a bit lower from brokers/lenders, but other lenders can't/don't underwrite at the same levels VWFS do due to ththe broker/lender not owning (or having full visibility) of the control market, so the RV/GFV they quote is lower. The results in the 'monthly' ending up being either the same and/or in most cases more than you pay from VWFS.

So there are in fact two considerations when it comes to finance (GFV/RV and APR), and it depends what you plan to do with the car...

If a buyer plans to only have the car a couple of years before selling (i.e terminating/switching early) then there's no point getting rates else where as the overall cost of term is lower from Porsche due to the interest rebate due on an early settlement. The buyer is never going to reach the end of term, so having a higher RV is more beneficial as it keeps the monthly lower (less to finance over the terms).

If a buyer plans to keep the car long term and then pay the residual, I agree that having a lower APR will be better, but the same principle about RV applies. The RV will still be lower, so the monthly will be the same or higher than that from Porsche.

Would HP, not be cheaper overall. I just can’t bear paying such a hefty deposit, monthly payments and at the end, needs to pay another £60K to keep the car or give the car back

[Paul_N]

MannyLon said:

Or now it’s the enthusiasts turn

That’s exactly how I’m seeing it, bought car to enjoy

[Terry Winks]

Paul_N said:

MannyLon said:

Or now it’s the enthusiasts turn

That’s exactly how I’m seeing it, bought car to enjoy

Thats what I would be doing, just seems I need to save a bit more pocket money first!

[Paul_N]

Terry Winks said:

Thats what I would be doing, just seems I need to save a bit more pocket money first!

Good luck with the saving, the cars are superb, we’re lucky to be able to afford it, but without been dramatic it’s a big lump of our life savings, however no good been the richest person in the grave yard & only here once.

[ab8]

Paul_N said:

however no good been the richest person in the grave yard & only here once.

[kmpowell]

LamedonM said:

kmpowell said:

TDT said:

You’d have to be bonkers to use VWFS at those rates.

Not necessarily. I've seen you talk about alternative lending sources, but you are not looking at the whole picture.

Yes, rates may be a bit lower from brokers/lenders, but other lenders can't/don't underwrite at the same levels VWFS do due to ththe broker/lender not owning (or having full visibility) of the control market, so the RV/GFV they quote is lower. The results in the 'monthly' ending up being either the same and/or in most cases more than you pay from VWFS.

So there are in fact two considerations when it comes to finance (GFV/RV and APR), and it depends what you plan to do with the car...

If a buyer plans to only have the car a couple of years before selling (i.e terminating/switching early) then there's no point getting rates else where as the overall cost of term is lower from Porsche due to the interest rebate due on an early settlement. The buyer is never going to reach the end of term, so having a higher RV is more beneficial as it keeps the monthly lower (less to finance over the terms).

If a buyer plans to keep the car long term and then pay the residual, I agree that having a lower APR will be better, but the same principle about RV applies. The RV will still be lower, so the monthly will be the same or higher than that from Porsche.

Would HP, not be cheaper overall. I just can’t bear paying such a hefty deposit, monthly payments and at the end, needs to pay another £60K to keep the car or give the car back

HP would be cheaper overall if you plan to keep the car for life and you can afford to pay the 'monthly' which will be significantly higher than a balloon based agreement. But, the flexibility of early terminations, hand-back, market forces on negative equity etc etc are then out of your control (or partial control). So it'll depend on your attitude towards risk and your appetite to have a sky-high monthly.

As an aside (and certainly not aimed at the poster above), it does make me cringe how there now appears to be an elitist tone creeping into GT4RS posts on here about how 4RS's are now exclusively being owned by the proper drivers and "enthusiasts". IMO, those who think this need to jump down from their driving god ivory towers, as it's really not a cool look, it's just not true...