More Caynnes in Greece than taypayers declaring E50k incomes
Discussion
well the news of them holding a referendum adds a certain spice to the situation! It's a beautiful bit of brinkmanship. Refusing free money to negotiate the terms.
I'd kick them out, use the fund to pay the losses on the default and let them go back to the drachma and sort themselves out.
And slightly back on topic...if the Cayennes are such low value over there, some enterprising person should go over, but half a dozen, bring em back and flog em. Group buy anyone?
Bert
I'd kick them out, use the fund to pay the losses on the default and let them go back to the drachma and sort themselves out.
And slightly back on topic...if the Cayennes are such low value over there, some enterprising person should go over, but half a dozen, bring em back and flog em. Group buy anyone?
Bert
BertBert said:
well the news of them holding a referendum adds a certain spice to the situation! It's a beautiful bit of brinkmanship. Refusing free money to negotiate the terms.
I'd kick them out, use the fund to pay the losses on the default and let them go back to the drachma and sort themselves out.
And slightly back on topic...if the Cayennes are such low value over there, some enterprising person should go over, but half a dozen, bring em back and flog em. Group buy anyone?
Bert
Bert I'd kick them out, use the fund to pay the losses on the default and let them go back to the drachma and sort themselves out.
And slightly back on topic...if the Cayennes are such low value over there, some enterprising person should go over, but half a dozen, bring em back and flog em. Group buy anyone?
Bert
I think you may be on to a winner....................I searched very, very hard before I bought mine (2005 Turbo LHD) and there are few about, the good ones command serious money, more so in mainland Europe which is why good ones are sought after over here. They are an ideal vehicle for 2nd Home Owners who regularly travel to Europe.
Plus they will in most cases have a COC for Europe which makes importation/use in other EU countries a lot less hassle.
Rob
robrobc said:
BertBert said:
well the news of them holding a referendum adds a certain spice to the situation! It's a beautiful bit of brinkmanship. Refusing free money to negotiate the terms.
I'd kick them out, use the fund to pay the losses on the default and let them go back to the drachma and sort themselves out.
And slightly back on topic...if the Cayennes are such low value over there, some enterprising person should go over, but half a dozen, bring em back and flog em. Group buy anyone?
Bert
Bert I'd kick them out, use the fund to pay the losses on the default and let them go back to the drachma and sort themselves out.
And slightly back on topic...if the Cayennes are such low value over there, some enterprising person should go over, but half a dozen, bring em back and flog em. Group buy anyone?
Bert
I think you may be on to a winner....................I searched very, very hard before I bought mine (2005 Turbo LHD) and there are few about, the good ones command serious money, more so in mainland Europe which is why good ones are sought after over here. They are an ideal vehicle for 2nd Home Owners who regularly travel to Europe.
Plus they will in most cases have a COC for Europe which makes importation/use in other EU countries a lot less hassle.
Rob
Pops
Callughan said:
A family member who has just returned from Athens also noticed the number of Cayennes, however a used Cayenne is not expensive. The most number of Cayennes I have ever seen was in Dubai!
QuiteIf you have a quick trawl round at LHD Cayennes in the UK and compare prices against RHD of a similar spec it is quite a premium.
Then compare against prices in Spain & France and it is even greater
Rob
robrobc said:
BertBert said:
well the news of them holding a referendum adds a certain spice to the situation! It's a beautiful bit of brinkmanship. Refusing free money to negotiate the terms.
I'd kick them out, use the fund to pay the losses on the default and let them go back to the drachma and sort themselves out.
And slightly back on topic...if the Cayennes are such low value over there, some enterprising person should go over, but half a dozen, bring em back and flog em. Group buy anyone?
Bert
Bert I'd kick them out, use the fund to pay the losses on the default and let them go back to the drachma and sort themselves out.
And slightly back on topic...if the Cayennes are such low value over there, some enterprising person should go over, but half a dozen, bring em back and flog em. Group buy anyone?
Bert
I think you may be on to a winner....................I searched very, very hard before I bought mine (2005 Turbo LHD) and there are few about, the good ones command serious money, more so in mainland Europe which is why good ones are sought after over here. They are an ideal vehicle for 2nd Home Owners who regularly travel to Europe.
Plus they will in most cases have a COC for Europe which makes importation/use in other EU countries a lot less hassle.
Rob
Popolou said:
Guys, at a serious risk of going OT here, it's the government that is fooked, not the average cayenne owner. The austerity packages are revoking many of the niceties they've been enjoying for years while putting in new tax laws. Not really going to affect the better-than-average wealthy Cayenne owner.....
Pops
True but the point is, if they hadn't stashed their money in Swiss bank accounts and contributed more to the state then it would be in less hardship.Pops
Wonder who will be left to bail out the UK, after we have bailed everybody else out?
Time to start learning chinese.
CrazyTurboBeast said:
Popolou said:
Guys, at a serious risk of going OT here, it's the government that is fooked, not the average cayenne owner. The austerity packages are revoking many of the niceties they've been enjoying for years while putting in new tax laws. Not really going to affect the better-than-average wealthy Cayenne owner.....
Pops
True but the point is, if they hadn't stashed their money in Swiss bank accounts and contributed more to the state then it would be in less hardship.Pops
Wonder who will be left to bail out the UK, after we have bailed everybody else out?
Time to start learning chinese.
Careful about paranoia, the UK was bailed out by the IMF in the Seventies and if anyone looked at the legislation, various tax rates and labour unions privileges we had then we would quickly hide. After a quick brief, to the Cayennes!
Knowing something about the country, here is my take:
1- There was always corruption, but by virtue of being a developing country with high interest rates and a local market heavily skewed to land asset base rathe than more liquid assets, things stayed within the usual corrupt developing nation average, although on the higher end of the scale. That also meant that politicians are populists rather than technocrats, as is the norm for most developing nations.
2- The EU introduced infrastructure funds and decided to leave local level implementation and distribution, big mistake for Greece. On the other hand if anyone thinks the Common Agricultural Policy with at one 75% of the EU budget going to 5% of its population being fair...
3- An ageing European population has pushed for plush retirement benefits which short term politicians never stood up against
4- The Euro turbo charged liquidity in Greece and amplified all the problems, in the middle of the biggest credit expansion the world has ever seen.
If you take all these ingredients, which are nearly tipping Western Europe over (and will unless there is severe pension reform), EU subsidies, Euro driven credit expansion and add the epidemic levels of incompetence due to populist politicians not having a clue how to run an advanced democracy, you get Greece today. If you add that the country was bankrupt 18 months ago and that the EU drip fed its medicine, although never enough, you get this delayed reaction which is ever more severe. All countries incidentally go through phases of rebirth having royally messed up, this is the time of Greece.
And now for the cars (at last!)
Cayennes are plentiful due to a couple of reasons:
1- Greeks actually go off road unlike most British 4x4s! That does include their own secondary roads which are as good as off road during periods of intense winters.. Obviously it is mainly beach, beach access and mountains, allied to snow in winter, but it is something very useful.
2- As newly wealthy status symbol since this is "really important" and "everyone" could afford a 1.6l bmw / audi / mercedes, this is the next logical step.
3- Plenty of these are actually old! Just because they are Cayennes does not make them that interesting, believe me I have seen quite a few down there.
Finally, what you might not be aware is that you have to pay 50% tax on top of the normal Euro price, but depreciation and costs these last few years means that no one wants to buy these secondhand, fuel doubled in 6 months for example, DVLA is over €1.000 a year. Depreciation has atomised prices which are now ridiculously low if you are into that kind of thing.
Knowing something about the country, here is my take:
1- There was always corruption, but by virtue of being a developing country with high interest rates and a local market heavily skewed to land asset base rathe than more liquid assets, things stayed within the usual corrupt developing nation average, although on the higher end of the scale. That also meant that politicians are populists rather than technocrats, as is the norm for most developing nations.
2- The EU introduced infrastructure funds and decided to leave local level implementation and distribution, big mistake for Greece. On the other hand if anyone thinks the Common Agricultural Policy with at one 75% of the EU budget going to 5% of its population being fair...
3- An ageing European population has pushed for plush retirement benefits which short term politicians never stood up against
4- The Euro turbo charged liquidity in Greece and amplified all the problems, in the middle of the biggest credit expansion the world has ever seen.
If you take all these ingredients, which are nearly tipping Western Europe over (and will unless there is severe pension reform), EU subsidies, Euro driven credit expansion and add the epidemic levels of incompetence due to populist politicians not having a clue how to run an advanced democracy, you get Greece today. If you add that the country was bankrupt 18 months ago and that the EU drip fed its medicine, although never enough, you get this delayed reaction which is ever more severe. All countries incidentally go through phases of rebirth having royally messed up, this is the time of Greece.
And now for the cars (at last!)
Cayennes are plentiful due to a couple of reasons:
1- Greeks actually go off road unlike most British 4x4s! That does include their own secondary roads which are as good as off road during periods of intense winters.. Obviously it is mainly beach, beach access and mountains, allied to snow in winter, but it is something very useful.
2- As newly wealthy status symbol since this is "really important" and "everyone" could afford a 1.6l bmw / audi / mercedes, this is the next logical step.
3- Plenty of these are actually old! Just because they are Cayennes does not make them that interesting, believe me I have seen quite a few down there.
Finally, what you might not be aware is that you have to pay 50% tax on top of the normal Euro price, but depreciation and costs these last few years means that no one wants to buy these secondhand, fuel doubled in 6 months for example, DVLA is over €1.000 a year. Depreciation has atomised prices which are now ridiculously low if you are into that kind of thing.
CrazyTurboBeast said:
Popolou said:
Guys, at a serious risk of going OT here, it's the government that is fooked, not the average cayenne owner. The austerity packages are revoking many of the niceties they've been enjoying for years while putting in new tax laws. Not really going to affect the better-than-average wealthy Cayenne owner.....
Pops
True but the point is, if they hadn't stashed their money in Swiss bank accounts and contributed more to the state then it would be in less hardship.Pops
Wonder who will be left to bail out the UK, after we have bailed everybody else out?
Time to start learning chinese.
It's not that the Greeks were doing any different to those also stashing their cash overseas. It's simply the rife corruption that brought their country to its knees.TBH, lets see it default. It's really the only life line they have remaining.
Surely bargain of the century - they'll soon be SOTW!!!
http://www.ooyyo.co.uk/used-porsche-Cayenne-greece...
just don't go looking for it.....
http://www.ooyyo.co.uk/used-porsche-Cayenne-greece...
just don't go looking for it.....
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