Buying in euros

[Rocco1]

Is it a good time to buy in euros now, or will the pound(GBP)get stronger as the euro crisis gets worse?

[SpeedYellow]

I don't believe anyone can predict what's going to happen in the next few weeks/months... if they could they could make a huge amount of cash out of it!

[DayTrader]

SpeedYellow said:

if they could they could make a huge amount of cash out of it!

They do...look at the collections some people here have!

[JazzyO]

All depends on your time frame. I believe the sterling will get stronger but it will take a while because Europe is currently thinking the bail-outs are all fine for the moment. In 6 months' time it's a different story because everyone should know it's not fine at all and the debts will come back to bite.

Bottom line is that you shouldn't think about the exchange rate too much because you never know when you are getting rid of that car again. I bought a RHD Ferrari Boxer at 1.24 Euro per pound, a great exchange rate 3 years ago. Now that I'm considering selling it looks like a loss, but hey, you can't win them all. One thing that does help is having accounts in various currencies - as long as I keep the money in sterling it's not a loss yet. So I try and move my money when I think the Xrate is favourable, but I still call it wrong plenty of times.

Summary: If you like that Diablo, just go for it! :-)


Onno

[Drclarke]

This question is probably better for the Business section?

PS stop bloody dithering and buy a car!

[Rocco1]

Drclarke said:

This question is probably better for the Business section?

PS stop bloody dithering and buy a car!

Already have two 964 turbo's, a cayanne gts,and very little parking space so no rush.

[Drclarke]

Rocco1 said:

Already have two 964 turbo's, a cayanne gts,and very little parking space so no rush.

[VML]

Rocco1 said:

Already have two 964 turbo's, a cayanne gts,and very little parking space so no rush.

You know there's a Porsche section to this forum, right?

They are also extremley good with buying advice.

Regards
VML

[Rocco1]

Just spoke to Lamborghini Manchester and they remember the car from 2007 when it came in for ECU cahnge due to the emissions( being sold by Peeters Exclusive Cars) and all seems to be looking good.I am hoping to fly out to Holland in September and buy it.