Cayman GTS residuals - Porsche Financing

[hixster]

I've been speccing up a 718GTS with medium to reasonable spec. The car is coming out circa £70k mark.

With 6K miles per year over 3 years (18K total), the Porsche finance example has the residual/balloon at £42k.

I'm aware OPC are usually conservative on residual values, but I'm seeing similarly specced 981GTSs at 3 years old for sale at between £54k and £60k.
Who's to say the 718 GTS will hold its value in the same way, but if it did, this would leave some reasonable 'equity' as they call it in the car.

I'm just curious what residual figures any 981 GTS owners were quoted when buying new on similarly priced cars.

[hixster]

I don’t disagree, guess I’m just curious as to what Porsche predict when you agree finance and what the market does

[hixster]

911wise said:

Been sceptical the only way I see you having any equity in the car is if you can pay off the balloon at the end. If not dealer has you over a barrel, Why would they give you the market value for a car they own not you?

Yes, this is part of my reasoning for asking the question. I can pay the balloon, then would sell the car on and recoup the money and anything over the residual...

If the residual is 42k and I can sell the car for £50k+ then I walk away with £8k+ to put into a new car etc..

Edited by hixster on Tuesday 23 January 12:20

[hixster]

Twinfan said:

I'll share my figures as I was in a similar(ish) position to you.

My 981 CGTS was £63k, I put a £10k deposit down and I'm financing the car over 4 years with a 6k a year mileage limit. My balloon is £26k.

I'm hoping to pay off the finance around 18 months early which will save me a few quid.

cool, thanks for sharing, sounds like you'll be in a good position with the car.

[hixster]

I went outside of the dealer network and through a broker for my 981S - the best deal at the time was with Santander APR 5.8%