So thats how Chris Harris affords his cars
Discussion
Evo magazine for various reasons gets a lot of comment on this site, with a reasonable proportion of that on how Chris Harris, a mere journo can afford the cars he has.
Anyway in this months new issue Chris reveals all when outlining his new purchase a Porsche 911 GT3 RS 4.0, lucky git.
Anyway this is how the figures read:
List price £135.276 including options
He sold his old GT3, which apparently he has lost more on than any car he has owned, added a £15k deposit and paid an extra £1150.42 on his debit card. And to top it off he borrowed £100k from Porsche Finance at 8.52%.
The HP agreement is over 4 years with the residual value of the car set at £81,902. This all adds up to monthly payments of £1280.71 which is more than I pay on my mortgage in a smart part of Surrey.
So there you go. It does beg the question how much EVO pay's its journo's and does Chris just have a huge pot of cash sitting around for such things?
Personally I say good luck to him, he buys the cars he loves with his own loot, which considering he has access to more cars that most of us could ever dream of sets him out as a good egg in my books.
Anyway in this months new issue Chris reveals all when outlining his new purchase a Porsche 911 GT3 RS 4.0, lucky git.
Anyway this is how the figures read:
List price £135.276 including options
He sold his old GT3, which apparently he has lost more on than any car he has owned, added a £15k deposit and paid an extra £1150.42 on his debit card. And to top it off he borrowed £100k from Porsche Finance at 8.52%.
The HP agreement is over 4 years with the residual value of the car set at £81,902. This all adds up to monthly payments of £1280.71 which is more than I pay on my mortgage in a smart part of Surrey.
So there you go. It does beg the question how much EVO pay's its journo's and does Chris just have a huge pot of cash sitting around for such things?
Personally I say good luck to him, he buys the cars he loves with his own loot, which considering he has access to more cars that most of us could ever dream of sets him out as a good egg in my books.
The Crack Fox said:
Streetrod said:
he borrowed £100k from Porsche Finance at 8.52%.
Do you believe that, or is this a subliminal Porsche advert from Chris 'Porsche' Harris ? If it's true then he's an idiot. IMO. 1 said:
Streetrod said:
Evo magazine for various reasons gets a lot of comment on this site, with a reasonable proportion of that on how Chris Harris, a mere journo can afford the cars he has.
Anyway in this months new issue Chris reveals all when outlining his new purchase a Porsche 911 GT3 RS 4.0, lucky git.
Anyway this is how the figures read:
List price £135.276 including options
He sold his old GT3, which apparently he has lost more on than any car he has owned, added a £15k deposit and paid an extra £1150.42 on his debit card. And to top it off he borrowed £100k from Porsche Finance at 8.52%.
The HP agreement is over 4 years with the residual value of the car set at £81,902. This all adds up to monthly payments of £1280.71 which is more than I pay on my mortgage in a smart part of Surrey.
So there you go. It does beg the question how much EVO pay's its journo's and does Chris just have a huge pot of cash sitting around for such things?
Personally I say good luck to him, he buys the cars he loves with his own loot, which considering he has access to more cars that most of us could ever dream of sets him out as a good egg in my books.
Where did you get the £1280 monthly payment figures from? £100k over 48 with £82k baloon at 8.5% should make it much less than that?Anyway in this months new issue Chris reveals all when outlining his new purchase a Porsche 911 GT3 RS 4.0, lucky git.
Anyway this is how the figures read:
List price £135.276 including options
He sold his old GT3, which apparently he has lost more on than any car he has owned, added a £15k deposit and paid an extra £1150.42 on his debit card. And to top it off he borrowed £100k from Porsche Finance at 8.52%.
The HP agreement is over 4 years with the residual value of the car set at £81,902. This all adds up to monthly payments of £1280.71 which is more than I pay on my mortgage in a smart part of Surrey.
So there you go. It does beg the question how much EVO pay's its journo's and does Chris just have a huge pot of cash sitting around for such things?
Personally I say good luck to him, he buys the cars he loves with his own loot, which considering he has access to more cars that most of us could ever dream of sets him out as a good egg in my books.
Regarding how he affords it. Lots of people pay £1k towards a car/toy/hobby. The real killer is depriciation which he should suffer with too much on this particular car.
By the way they have a good article on the V8 Ferrari’s dating from the 308 to the 458. The pics of all the cars in profile is very good as it really shows off the development of the V8 cars over the rears
Guys, I missed some very relevant information from my original post by mistake.
Chris has stated given the choice he would love to keep the car forever but he can’t afford to sustain the payments for that long. Also he can’t afford the balloon payment at the end. So he will only keep for as long as he can afford too.
Sorry for not including this in my first post but I did not realize that the article went over onto another page
Chris has stated given the choice he would love to keep the car forever but he can’t afford to sustain the payments for that long. Also he can’t afford the balloon payment at the end. So he will only keep for as long as he can afford too.
Sorry for not including this in my first post but I did not realize that the article went over onto another page
nouze said:
mosca said:
All I can say is good on you sir. Plato was first, can we expect Jeremy Clarkson to put in an apperarence soon?
By the way I have always hated modern 911's so can someone please explain to me why I desperately want a GT3 RS 4.0?
I'm not sure why Chris had to produce the custard as I don’t think anyone questioned him having the car. At the end of the day I think he has been very smart.
Market forces would appear to indicate that he will be able to sell this car at some point in the future at a very reasonable premium so in effect getting almost free use of a what I understand to be a wonderful car.
Finance it then appears was obviously the best option
Market forces would appear to indicate that he will be able to sell this car at some point in the future at a very reasonable premium so in effect getting almost free use of a what I understand to be a wonderful car.
Finance it then appears was obviously the best option
Having started this thread my intention was just to put to bed the ongoing debate about how Chris financed his cars. Chris had put the information into the public domain and I thought folks on here would welcome the infor and therefore the speculation would end. I in no way imagined that he would provoke such examination.
Guys the facts are as stated, let’s just take it on board, congratulate Chris on his new motor and move on. The end
Guys the facts are as stated, let’s just take it on board, congratulate Chris on his new motor and move on. The end
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