Help me decide how best to hop off the finance wheel
Discussion
I've currently got a GR86 (first batch don't you know) and the finance is coming to an end in June/July. Car is currently worth around £10k more than the GFV. Explored options of re-financing balloon via Toyota or taking out loan to buy the car. Both of which obviously carry a monthly.
Partner has an automatic Aygo which we'll be chopping in for a Renault 4 eventually, which I'll be able to use for my 2 day a week commute of about 30 mins or so.
However, I keep thinking to myself what I could get with that £10k and get off the endless finance wheel. Only issue is that I don't know what I want.
I've effectively sorted auto trader by max price £10k and 250bhp minimum and the main things to catch my eye so far are som lovely Renault R26s and quite a few 987 Boxters.
Boxters wil of course come with larger bills than an effectively brand new Toyota, but the ethos is kind of similar in the RWD sports car.
R26s seem amazing but I've no idea what to look out for with them.
The only thing I've really lusted after recently is an EK9 civic, but those rarely come in around my budget.
I guess the ask is, £10k (or under) budget, relatively simple maintenance costs, mildly special (no fiesta STs, S3s, or Golfs please). 2 seaters are fine, no track work planned. The rest is open!
Partner has an automatic Aygo which we'll be chopping in for a Renault 4 eventually, which I'll be able to use for my 2 day a week commute of about 30 mins or so.
However, I keep thinking to myself what I could get with that £10k and get off the endless finance wheel. Only issue is that I don't know what I want.
I've effectively sorted auto trader by max price £10k and 250bhp minimum and the main things to catch my eye so far are som lovely Renault R26s and quite a few 987 Boxters.
Boxters wil of course come with larger bills than an effectively brand new Toyota, but the ethos is kind of similar in the RWD sports car.
R26s seem amazing but I've no idea what to look out for with them.
The only thing I've really lusted after recently is an EK9 civic, but those rarely come in around my budget.
I guess the ask is, £10k (or under) budget, relatively simple maintenance costs, mildly special (no fiesta STs, S3s, or Golfs please). 2 seaters are fine, no track work planned. The rest is open!
Edited by Delahorney on Saturday 21st March 19:52
£10k would get you a pretty tidy 987. Get a 2.7L engine and I’d imagine your running costs aren’t far off an R26 which can need a bit of extra TLC in their old age. Can throw a Cayman in there as well.
I’ve been looking at both as a third car.
How about the FN2 Civic Type R? These are great value for money and still look unique in my eyes.
Left field I took a fancy for a Mini GP.
I’ve been looking at both as a third car.
How about the FN2 Civic Type R? These are great value for money and still look unique in my eyes.
Left field I took a fancy for a Mini GP.
Anything older is going to cost a bit more to run and that is especially true of a Porsche so I would tread carefully there.
That`s not to say a good one may pop up but they are few and far between.
There isn`t much about with 250 Bhp really as standard so that bit may have to change.
Not looked at bank loan rates these days but may be worth keeping the GR but I understand if you have decided to move on.
There are some nice NC MX5s around for that budget, some crop up with the BBR Super 200 mods too which makes them the car they should have been.
That`s not to say a good one may pop up but they are few and far between.
There isn`t much about with 250 Bhp really as standard so that bit may have to change.
Not looked at bank loan rates these days but may be worth keeping the GR but I understand if you have decided to move on.
There are some nice NC MX5s around for that budget, some crop up with the BBR Super 200 mods too which makes them the car they should have been.
Edited by Belle427 on Sunday 22 March 07:51
ChrisH72 said:
You could do half and half.
10k cash up front and add to it with a personal loan in order to get a better car which you'd want to keep. Pay it off in a year or two.
Not saying you can't find something for 10k but 15-20k might give you some more options.
Well this has opened up a can of worms, not sure if I should thank you or not!10k cash up front and add to it with a personal loan in order to get a better car which you'd want to keep. Pay it off in a year or two.
Not saying you can't find something for 10k but 15-20k might give you some more options.
We bought a Boxster 987 on an 05 plate 5 years ago for £10k. We budget around £1k a year for maintainance.
Coolant crossovers were replaced before we got the car. But so far we have spent approximately this to give you an idea:
Servicing every 2 years (major every 4th), £250 minor and £650 major inc spark plugs, drive belt and brake fluid.
£1k brake discs and pads
£600 new Michelins all round
£200 window regulator and £90 new electric window switch
£500 new air con condensers
£500 new body control module after a drain became clogged and flooded unit under the passenger seat.
£200 to have exhaust clamps drilled and replaced with bolts after join started blowing
£400 brake solids to flexis all round and new rear brake line.
Then £300 for a Sony CarPlay stereo and look to make if more modern and £250 for scr door speakers and tweeters (basic 4 speaker set up), old ones had badly deteriorated.
Insurance is surprisingly cheap and we love driving it. Above sounds like a lot but car has never failed to start and it’s a keeper for us, likely refresh suspension next.
Just wanted to give an idea of running costs. This is for a 2.7, an S would have been nice but we chose the best we could find in. Budget. 2.7 not much slower, think 6 seconds to 60 but sounds awesome.
Coolant crossovers were replaced before we got the car. But so far we have spent approximately this to give you an idea:
Servicing every 2 years (major every 4th), £250 minor and £650 major inc spark plugs, drive belt and brake fluid.
£1k brake discs and pads
£600 new Michelins all round
£200 window regulator and £90 new electric window switch
£500 new air con condensers
£500 new body control module after a drain became clogged and flooded unit under the passenger seat.
£200 to have exhaust clamps drilled and replaced with bolts after join started blowing
£400 brake solids to flexis all round and new rear brake line.
Then £300 for a Sony CarPlay stereo and look to make if more modern and £250 for scr door speakers and tweeters (basic 4 speaker set up), old ones had badly deteriorated.
Insurance is surprisingly cheap and we love driving it. Above sounds like a lot but car has never failed to start and it’s a keeper for us, likely refresh suspension next.
Just wanted to give an idea of running costs. This is for a 2.7, an S would have been nice but we chose the best we could find in. Budget. 2.7 not much slower, think 6 seconds to 60 but sounds awesome.
Belle427 said:
Anything older is going to cost a bit more to run and that is especially true of a Porsche so I would tread carefully there.
That`s not to say a good one may pop up but they are few and far between.
There isn`t much about with 250 Bhp really as standard so that bit may have to change.
Not looked at bank loan rates these days but may be worth keeping the GR but I understand if you have decided to move on.
There are some nice NC MX5s around for that budget, some crop up with the BBR Super 200 mods too which makes them the car they should have been.
NC MX-5 and then taking it to BBR for a supercharger isn’t a bad shout. That`s not to say a good one may pop up but they are few and far between.
There isn`t much about with 250 Bhp really as standard so that bit may have to change.
Not looked at bank loan rates these days but may be worth keeping the GR but I understand if you have decided to move on.
There are some nice NC MX5s around for that budget, some crop up with the BBR Super 200 mods too which makes them the car they should have been.
Edited by Belle427 on Sunday 22 March 07:51
Stumpysid said:
We bought a Boxster 987 on an 05 plate 5 years ago for £10k. We budget around £1k a year for maintainance.
Coolant crossovers were replaced before we got the car. But so far we have spent approximately this to give you an idea:
Servicing every 2 years (major every 4th), £250 minor and £650 major inc spark plugs, drive belt and brake fluid.
£1k brake discs and pads
£600 new Michelins all round
£200 window regulator and £90 new electric window switch
£500 new air con condensers
£500 new body control module after a drain became clogged and flooded unit under the passenger seat.
£200 to have exhaust clamps drilled and replaced with bolts after join started blowing
£400 brake solids to flexis all round and new rear brake line.
Then £300 for a Sony CarPlay stereo and look to make if more modern and £250 for scr door speakers and tweeters (basic 4 speaker set up), old ones had badly deteriorated.
Insurance is surprisingly cheap and we love driving it. Above sounds like a lot but car has never failed to start and it s a keeper for us, likely refresh suspension next.
Just wanted to give an idea of running costs. This is for a 2.7, an S would have been nice but we chose the best we could find in. Budget. 2.7 not much slower, think 6 seconds to 60 but sounds awesome.
Appreciate the breakdown, thanks!Coolant crossovers were replaced before we got the car. But so far we have spent approximately this to give you an idea:
Servicing every 2 years (major every 4th), £250 minor and £650 major inc spark plugs, drive belt and brake fluid.
£1k brake discs and pads
£600 new Michelins all round
£200 window regulator and £90 new electric window switch
£500 new air con condensers
£500 new body control module after a drain became clogged and flooded unit under the passenger seat.
£200 to have exhaust clamps drilled and replaced with bolts after join started blowing
£400 brake solids to flexis all round and new rear brake line.
Then £300 for a Sony CarPlay stereo and look to make if more modern and £250 for scr door speakers and tweeters (basic 4 speaker set up), old ones had badly deteriorated.
Insurance is surprisingly cheap and we love driving it. Above sounds like a lot but car has never failed to start and it s a keeper for us, likely refresh suspension next.
Just wanted to give an idea of running costs. This is for a 2.7, an S would have been nice but we chose the best we could find in. Budget. 2.7 not much slower, think 6 seconds to 60 but sounds awesome.
Whilst this is a comparison between the supercharged ND generation and a GR86, seems this isn t the first time the two have been paired up:
https://www.evo.co.uk/toyota/gr86/206813/toyota-gr...
https://www.evo.co.uk/toyota/gr86/206813/toyota-gr...
Edited by Delahorney on Sunday 22 March 11:54
Delahorney said:
Stumpysid said:
We bought a Boxster 987 on an 05 plate 5 years ago for £10k. We budget around £1k a year for maintainance.
Coolant crossovers were replaced before we got the car. But so far we have spent approximately this to give you an idea:
Servicing every 2 years (major every 4th), £250 minor and £650 major inc spark plugs, drive belt and brake fluid.
£1k brake discs and pads
£600 new Michelins all round
£200 window regulator and £90 new electric window switch
£500 new air con condensers
£500 new body control module after a drain became clogged and flooded unit under the passenger seat.
£200 to have exhaust clamps drilled and replaced with bolts after join started blowing
£400 brake solids to flexis all round and new rear brake line.
Then £300 for a Sony CarPlay stereo and look to make if more modern and £250 for scr door speakers and tweeters (basic 4 speaker set up), old ones had badly deteriorated.
Insurance is surprisingly cheap and we love driving it. Above sounds like a lot but car has never failed to start and it s a keeper for us, likely refresh suspension next.
Just wanted to give an idea of running costs. This is for a 2.7, an S would have been nice but we chose the best we could find in. Budget. 2.7 not much slower, think 6 seconds to 60 but sounds awesome.
Appreciate the breakdown, thanks!Coolant crossovers were replaced before we got the car. But so far we have spent approximately this to give you an idea:
Servicing every 2 years (major every 4th), £250 minor and £650 major inc spark plugs, drive belt and brake fluid.
£1k brake discs and pads
£600 new Michelins all round
£200 window regulator and £90 new electric window switch
£500 new air con condensers
£500 new body control module after a drain became clogged and flooded unit under the passenger seat.
£200 to have exhaust clamps drilled and replaced with bolts after join started blowing
£400 brake solids to flexis all round and new rear brake line.
Then £300 for a Sony CarPlay stereo and look to make if more modern and £250 for scr door speakers and tweeters (basic 4 speaker set up), old ones had badly deteriorated.
Insurance is surprisingly cheap and we love driving it. Above sounds like a lot but car has never failed to start and it s a keeper for us, likely refresh suspension next.
Just wanted to give an idea of running costs. This is for a 2.7, an S would have been nice but we chose the best we could find in. Budget. 2.7 not much slower, think 6 seconds to 60 but sounds awesome.
Just done mine (987S), and replaced everything from the chassis to the hub carriers. And new wheel bearings. Financially: OUCH! But it drives like a new car now, despite having over 100k miles.
You could get a decent ND mx5 for around 10k.
https://www.autotrader.co.uk/car-details/202602220...
Run it for a bit and budget for some mods as you go along?
I'd be tempted to keep it naturally aspirated really. The super200 conversion isn't too expensive and brings the 0-60 down to 5.6 secs making it easily as quick as a Boxster.
https://www.autotrader.co.uk/car-details/202602220...
Run it for a bit and budget for some mods as you go along?
I'd be tempted to keep it naturally aspirated really. The super200 conversion isn't too expensive and brings the 0-60 down to 5.6 secs making it easily as quick as a Boxster.
Edited by ChrisH72 on Sunday 22 March 12:14
Delahorney said:
I've currently got a GR86 (first batch don't you know) and the finance is coming to an end in June/July. Car is currently worth around £10k more than the GFV.
Apologies if I misunderstood the brief but whatever you do afterwards you MUST buy the car to crystallise that £10k. I don't really understand PCP but there might be a limited te window to do that?
Once it's yours then you can either decide to keep it or sell it to realise that £10k (or so).
The smart choice is to pay down what you owe on the GR86.
Switching to a 987 Boxster will not only be a downgrade, but it'll be expensive to run if you rely on a shop to look after it for you. It'll be old too - cranky with yesterday's tech. Don't.
Your choice, but if you're £10k up, once you clear what you owe, you'll be able to look at much better cars; Alpine, Boxster 718, Aston Martin, etc.
Switching to a 987 Boxster will not only be a downgrade, but it'll be expensive to run if you rely on a shop to look after it for you. It'll be old too - cranky with yesterday's tech. Don't.
Your choice, but if you're £10k up, once you clear what you owe, you'll be able to look at much better cars; Alpine, Boxster 718, Aston Martin, etc.
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