50k deposit, 6/700 monthlies What can I get?
Discussion
After reading a couple of supercar running costs in recent weeks, I am always wondering If I could make the jump.
I have done pretty well in enjoying the lower end of "fun" cars selling pretty much all at a profit over the years...
The end game has always been to get in an entry level supercar.
Maybe I could get into one sooner than I think... I should have around £50-60k equity come winter. And can afford up to 6/700 in monthlies as well as 3-5k a year in upkeep.
I'm always wondering if I could get say a AMG GTR/570s/991.2TS with those sort of finances.
GFV and interest rates would be a big factor of course. And Ideally I would want a car that will have the best residuals as possible. I have never looked into the GFV of such cars tbh so I am not sure if they have any accuracies?? As for example the entry level 570s has been around the 80-90k mark for 3 years now. And in my opinion worse case would always be worth 60-70k over the next 4 years??
With my budget I may not need a PCP type deal and could go HP.
But If with the budget I could get into a PCP on a 140/150k car such as a 720s/600lt that would be mega!! Am I just dreaming.. Any advice would be welcomed!
I have done pretty well in enjoying the lower end of "fun" cars selling pretty much all at a profit over the years...
The end game has always been to get in an entry level supercar.
Maybe I could get into one sooner than I think... I should have around £50-60k equity come winter. And can afford up to 6/700 in monthlies as well as 3-5k a year in upkeep.
I'm always wondering if I could get say a AMG GTR/570s/991.2TS with those sort of finances.
GFV and interest rates would be a big factor of course. And Ideally I would want a car that will have the best residuals as possible. I have never looked into the GFV of such cars tbh so I am not sure if they have any accuracies?? As for example the entry level 570s has been around the 80-90k mark for 3 years now. And in my opinion worse case would always be worth 60-70k over the next 4 years??
With my budget I may not need a PCP type deal and could go HP.
But If with the budget I could get into a PCP on a 140/150k car such as a 720s/600lt that would be mega!! Am I just dreaming.. Any advice would be welcomed!
Edited by likesachange on Monday 27th June 16:21
Thanks for time very informative reply.
Food for thought….
Maybe I am dreaming too much at the moment at 130k+ cars
I could probably raise up to 70 without lending.. As said maybe a bank loan on an extra 30k or so would be the sensible choice.
I had a theory where my initial sums, would make the overall cost of the car just the monthly 6-700ish..
which I can afford to write off meaning at the end of term the equity would almost meet the deposit paid.
Been keeping an eye on the market for years and although you still need a crystal ball to forecast…. A 85k 650s is never going to drop 40-50k! Worse case in my opinion maybe drop 20k which is no more than a sporty saloon.
Lots to factor in I know. Just doing my best with man maths, and owning a supercar one day I hope is in the realms of possibilities.
Food for thought….
Maybe I am dreaming too much at the moment at 130k+ cars
I could probably raise up to 70 without lending.. As said maybe a bank loan on an extra 30k or so would be the sensible choice.
I had a theory where my initial sums, would make the overall cost of the car just the monthly 6-700ish..
which I can afford to write off meaning at the end of term the equity would almost meet the deposit paid.
Been keeping an eye on the market for years and although you still need a crystal ball to forecast…. A 85k 650s is never going to drop 40-50k! Worse case in my opinion maybe drop 20k which is no more than a sporty saloon.
Lots to factor in I know. Just doing my best with man maths, and owning a supercar one day I hope is in the realms of possibilities.
Chad_Hugo said:
I would take the Merc and Porsche option off the list personally.
The Turbo S is great- capable, very practical, and devastatingly quick but doesn't look or feel like a supercar and is not the full super car experience.
There are a lot of options, and you don't have to go to the top of your budget either.
Ferrari F430 should arguably be one of the first cars to consider- you can get a good car for under 100k, if you buy well and do your homework a great choice. Not the fastest in the world but a proper super car, and you will enjoy it a lot I'm sure.
Ferrari 599 also an option, there are cars around for under/up to 100k, and can probably get a Ferrari approved car with 2 year power warranty for around 115k- again under the max budget.
You mentioned residuals being quite important, both of those option will not suffer any outright depreciation with sensible miles over 2 years so as long as you are able to sell via the same dealer on a commission sale, or possibly even privately in case of F430 you should lose next to nothing.
I would even look at something like a a 6.0 V12 Vantage S- brilliant value for what it is, 560 BHP, looks like a bargain in todays market as plenty available under 100k, you can actually get a nice example for anywhere between 85-90k often approved used with 1 year warranty. The newer cars with best specs are more of course but it's something to consider, far less common and more interesting than a Turbo S. Then there is the sound....!
My reasons for the Merc is I think they look incredible, sound incredible, are pretty rare, modern and in theory pretty bullet proof. The Porsche more of the same although sound is a disappointment and more dated than the Merc.. The Turbo S is great- capable, very practical, and devastatingly quick but doesn't look or feel like a supercar and is not the full super car experience.
There are a lot of options, and you don't have to go to the top of your budget either.
Ferrari F430 should arguably be one of the first cars to consider- you can get a good car for under 100k, if you buy well and do your homework a great choice. Not the fastest in the world but a proper super car, and you will enjoy it a lot I'm sure.
Ferrari 599 also an option, there are cars around for under/up to 100k, and can probably get a Ferrari approved car with 2 year power warranty for around 115k- again under the max budget.
You mentioned residuals being quite important, both of those option will not suffer any outright depreciation with sensible miles over 2 years so as long as you are able to sell via the same dealer on a commission sale, or possibly even privately in case of F430 you should lose next to nothing.
I would even look at something like a a 6.0 V12 Vantage S- brilliant value for what it is, 560 BHP, looks like a bargain in todays market as plenty available under 100k, you can actually get a nice example for anywhere between 85-90k often approved used with 1 year warranty. The newer cars with best specs are more of course but it's something to consider, far less common and more interesting than a Turbo S. Then there is the sound....!
Edited by Chad_Hugo on Monday 27th June 22:03
The 599 would be epic but imagine potentially crippling maintenance costs??
The F430 and Aston I don't feel will give me the performance gains I'd want to match the "supercar" status But there is that noise and special feeling!
Thanks for all the input and replies people.
An R8 just isn't special enough am afraid (possibly a 2015 onwards model maybe), am not sure a V12 Vantage will be too, main concern regarding the latter as it being a bit too much of a GT car?!
I have a high spec Atom 4 coming end of next month which is pretty special so would absolutely need to out shine that. I certainly wouldn't swap it for 10 yr old R8 for instance.
An R8 just isn't special enough am afraid (possibly a 2015 onwards model maybe), am not sure a V12 Vantage will be too, main concern regarding the latter as it being a bit too much of a GT car?!
I have a high spec Atom 4 coming end of next month which is pretty special so would absolutely need to out shine that. I certainly wouldn't swap it for 10 yr old R8 for instance.
DeejRC said:
What do want from this “supercar” OP?
Performance, exclusivity, something an event to drive (that’s warm and dry ) …. Yes the Atom offers a lot but end of the day it’s driven by a 4 pot Honda and as much as it’s a riot you need the perfect weather to plan anything is difficult!This is all great info thanks all.
A 599 would be very special and never thought that one of those would be a possibility!
Maybe I should look a little more into the V12V too.
I didn’t realise the final payment was a mandatory thing at the end tbh, I thought you would have option to hand car back, doh.
But I suppose that’s not the be all and end all.
A 599 would be very special and never thought that one of those would be a possibility!
Maybe I should look a little more into the V12V too.
I didn’t realise the final payment was a mandatory thing at the end tbh, I thought you would have option to hand car back, doh.
But I suppose that’s not the be all and end all.
BlackWidow13 said:
This is the correct question. But the answer is a bit loose.
If you want mainly performance, then I’d suggest a GT3 (perhaps RS) or a Mclaren. Both of those will give you exclusivity. Maybe the Porsche would be less of an event because there’s that “911 with a wing” thing about it. Maybe the (reported) reliability of a Macca is too off putting.
488 ticks the boxes too. But a Ferrari is a statement car, and you have to ask whether that’s the statement you want to make. Ditto a Huracan.
Manual R8 V10 has an epic soundtrack and is a safer place for your money than gilts. But lots of people will never see past the four rings on the bonnet, which is unfortunate (more so for them IMO).
I ended up going for a V12VS. On your perception of these: think of it as a brute in a well cut suit that can also do the GT thing. A car that can spin its rear wheels in fourth in the dry doesn’t quite fit the “full GT” tag (I’d say the Vanquish is the true GT car in that vintage of AM’s line up). With your budget you have the option of the 7s manual or the automated manual. Preference is personal.
Bottom line is that there aren’t really any dud cars in that lot. It comes down to what you like and want and which ones appeal to you. And it’s worth driving some of them to help you choose.
The answer is loose but surely pretty predictable. If you want mainly performance, then I’d suggest a GT3 (perhaps RS) or a Mclaren. Both of those will give you exclusivity. Maybe the Porsche would be less of an event because there’s that “911 with a wing” thing about it. Maybe the (reported) reliability of a Macca is too off putting.
488 ticks the boxes too. But a Ferrari is a statement car, and you have to ask whether that’s the statement you want to make. Ditto a Huracan.
Manual R8 V10 has an epic soundtrack and is a safer place for your money than gilts. But lots of people will never see past the four rings on the bonnet, which is unfortunate (more so for them IMO).
I ended up going for a V12VS. On your perception of these: think of it as a brute in a well cut suit that can also do the GT thing. A car that can spin its rear wheels in fourth in the dry doesn’t quite fit the “full GT” tag (I’d say the Vanquish is the true GT car in that vintage of AM’s line up). With your budget you have the option of the 7s manual or the automated manual. Preference is personal.
Bottom line is that there aren’t really any dud cars in that lot. It comes down to what you like and want and which ones appeal to you. And it’s worth driving some of them to help you choose.
Serious question.. what is it you guys look for in a supercar when shopping? I’d imagine it’s more of the same?
I think the ultimate choice for me would be a 720s, for its stunning design, and that performance. Followed by a 600lt a bit more raw and agile for the early morning blasts. And still an AMG GTR the noise and road presence is pretty special and not sure why that is getting no votes considering the reviews seem to be pretty good!
However they are all probably out of reach.
Again thanks for the replies good to hear all opinions and experiences.
BlackWidow13 said:
With the caveats that everyone is different and that my so-called supercars aren’t really supercars…
First one was a 996 turbo, bought over ten years ago. I kept it for a couple of years. Being an 80s child, the turbo was one of The Big Four Top Trumps supercars of my childhood - although that had been the 930. I wanted something robust (no Ferrari), that I could afford (no AM or Lambo) that I could push in all weather (having come from an Audi).
It lasted a couple of years. I realised that it’s a cold thing: ruthlessly efficient 100% of the time and not really a car to get under your skin. The initial novelty/wow was certainly there but it never matured into anything more.
Second one was a V12VS four years ago. Who doesn’t like an Aston deep down? The Vantage design is second best looking of all modern Astons after the Vanquish. And it’s got a V12 crammed into a ridiculously compact package in a lairy colour. It’s a car that has worked it’s way seriously under my skin. It can be a proper handful when pushing that demands your attention and your respect; the grunt is savage; and it’s a lovely place to sit even when going nowhere in gridlocked traffic. And it turns heads in a good way. People like Astons.
The third one, which is definitely a pretender, is a GT4. Better looking than a modern 911, mid engined, manual, noisy in a good way, visceral, poised, balanced, and seriously quick in the dry (Cup 2s are not a tyre for wet days. Or cold days). And yet I’m still a little ambivalent about it. Again, the German efficiency thing is oddly cold…
The shortlist for the GT4 included a 360, an R8 V10 (I’ve had the V10 in a previous car and loved it) a 540/570/12C, a 911, and some others that I’ve forgotten now. In the end, much like with the Aston, I think I ended up choosing what I thought was the best looking one, with pure speed/badge/supercar labels being eclipsed by pure aesthetics. Weird, I know.
I do like the GT4 but I think I would have to go for an earlier 2014 GT3, I am just not clued up with Porsche's as in spec and desirable options. And then we are back into Mclaren territory.. First one was a 996 turbo, bought over ten years ago. I kept it for a couple of years. Being an 80s child, the turbo was one of The Big Four Top Trumps supercars of my childhood - although that had been the 930. I wanted something robust (no Ferrari), that I could afford (no AM or Lambo) that I could push in all weather (having come from an Audi).
It lasted a couple of years. I realised that it’s a cold thing: ruthlessly efficient 100% of the time and not really a car to get under your skin. The initial novelty/wow was certainly there but it never matured into anything more.
Second one was a V12VS four years ago. Who doesn’t like an Aston deep down? The Vantage design is second best looking of all modern Astons after the Vanquish. And it’s got a V12 crammed into a ridiculously compact package in a lairy colour. It’s a car that has worked it’s way seriously under my skin. It can be a proper handful when pushing that demands your attention and your respect; the grunt is savage; and it’s a lovely place to sit even when going nowhere in gridlocked traffic. And it turns heads in a good way. People like Astons.
The third one, which is definitely a pretender, is a GT4. Better looking than a modern 911, mid engined, manual, noisy in a good way, visceral, poised, balanced, and seriously quick in the dry (Cup 2s are not a tyre for wet days. Or cold days). And yet I’m still a little ambivalent about it. Again, the German efficiency thing is oddly cold…
The shortlist for the GT4 included a 360, an R8 V10 (I’ve had the V10 in a previous car and loved it) a 540/570/12C, a 911, and some others that I’ve forgotten now. In the end, much like with the Aston, I think I ended up choosing what I thought was the best looking one, with pure speed/badge/supercar labels being eclipsed by pure aesthetics. Weird, I know.
MDL111 said:
Left field idea - how about a Sagaris
Not for me. I Loved my Tuscan 2S so much, I'd rather another one of those and pocket the change. Shared same engine, could take roof off and was epic across Europe.A good friend has just sold his Yellow one and it just never excited me.
Bispal said:
430CUP almost 400 kilos lighter and 30BHP more with no PPF or nanny features, but yes I think its worthy of consideration but currently an 18 month wait if you want one now. They added another 500 orders at FoS allegedly. So not a car you will be able to get immediately without paying mild overs (I reckon GR Yaris or similar in terms of overs, 5-10% over list for a year so £85K+) Also delivery dates constantly being pushed pack, my V6 1st edition has gone back from June to September. Which is why the Exige is a good bet, plus only 40 in the UK so very rare.
Funnily Enough I was just looking at those this morning after being sent to a link with a green one around Cadwell.They are pretty special, but they are 570s money and I'm not sure I could pick one over a Mclaren.. Would have to be a great spec/colour, as only one I can see for sale is in grey with red wheels and that doesnt really excite me however the green one in video looks fantastic.
Skyway said:
I recently got some figures for a friend who was interested in buying my 650S Coupe. They were PCP figures based on the car having done 10,000 miles:
Price of car £98,000
Deposit £12,500
48 monthly payments of £1048.93
Final payment of £58058.93
Based on 5000 miles per year, 7.9% APR.
Obviously a higher deposit would bring the monthly payments down but I thought it was very good value for such a car, especially when looking at future depreciation. After all that he decided not to go ahead as he is in the building trade and things are a little unsettled at the moment.
That's the kind of hard facts and figures I was after. Price of car £98,000
Deposit £12,500
48 monthly payments of £1048.93
Final payment of £58058.93
Based on 5000 miles per year, 7.9% APR.
Obviously a higher deposit would bring the monthly payments down but I thought it was very good value for such a car, especially when looking at future depreciation. After all that he decided not to go ahead as he is in the building trade and things are a little unsettled at the moment.
Bispal said:
You are probably comparing a 5 year old 570S with 20k miles to a 1yr old 430CUP with 2k miles (roughly). So not really like for like, a 2019 570S would be £125k+. You also have to consider running costs. An Exige extended warranty is around £700 pa compared to 570S at £3,500pa . An Exige service is £300-£500 instead of £800 - £1,200 for a 570s. Plus you don't really need the warranty with the Exige, there is not a lot to go wrong, it has a Toyota motor and nothing much that would break, plus its body is polyurine so it won't corrode. What you want is a Type 25 or Final edition car. A few Type 25's have sold recently for around £85k
https://collectingcars.com/for-sale/2019-lotus-exi...
I think the car you saw belongs to Gordon:-
https://www.instagram.com/gst_lotus/
Depends what you want but you seemed keen on an Aerial Atom type car that had a more characterful engine and can be used in the wet. The Exige is the perfect fit and has supercar looks.
It is comparable in outright purchase cost, which is the headline cost. I mean you cant really compare a Lotus to a near 600 HP carbon tubbed McLaren in many areas imo. Its is a supercar with supercar running costs which I get.https://collectingcars.com/for-sale/2019-lotus-exi...
I think the car you saw belongs to Gordon:-
https://www.instagram.com/gst_lotus/
Depends what you want but you seemed keen on an Aerial Atom type car that had a more characterful engine and can be used in the wet. The Exige is the perfect fit and has supercar looks.
I'm certainly not against the Lotus 430. The issue for me its very similar to a 40k 350 visually and aurally... Yes it has performance gains but that will only probably be noticeable on track.
That Type 25 Is very nice! That would be difficult to ignore!
Bhp/ton doesn’t mean a great deal overall imo.
Atom 600+bhp per ton…. Still wouldn’t be as quick as McLaren even to 100 never mind after that…
But as I say I definitely wouldn’t rule a 430 cup out.
Are they ltd numbers??
It would have to be in quite an exclusive colour I think.. like Scandal green is it ..?!
Atom 600+bhp per ton…. Still wouldn’t be as quick as McLaren even to 100 never mind after that…
But as I say I definitely wouldn’t rule a 430 cup out.
Are they ltd numbers??
It would have to be in quite an exclusive colour I think.. like Scandal green is it ..?!
Bispal said:
There are only 39 x 430CUP's in the UK and they are not being made anymore so that's the lot. 39 Total so pretty LTD.
Of those there were 25 x Type 25's world wide (Green) and I believe there are 6 in the UK at around £110k new.
There was one Type 49 (mine in red & gold)) and one Type 79 (Black & gold) they were around £118k new.
There are approx. 10 final editions made in the past year leaving around 20 cars specified by their first owners in various colours.
One of the last F.E. was a white homage to the Bond Esprit with the same script and tartan seats that was ordered by Bell & Colvill for sale in the UK, unfortunately it just went abroad.
As there are only 39 cars they don't come up for sale often and if waiting for a particular colour you could wait a while. I got lucky with mine with an insider tip that Lotus were selling it so I called asking to buy it. With my 675LT I waited 2 years until the spec & colour I wanted became available. I gave up on getting delta red when I found out there was only 1 in the UK and the CEO of McLaren owned it. This is the problem with LTD / rare cars they are never available when you want them. A 570S is much more common place and will be easier to get hold of in a colour and spec to your liking.
That definitely makes them more appealing.Of those there were 25 x Type 25's world wide (Green) and I believe there are 6 in the UK at around £110k new.
There was one Type 49 (mine in red & gold)) and one Type 79 (Black & gold) they were around £118k new.
There are approx. 10 final editions made in the past year leaving around 20 cars specified by their first owners in various colours.
One of the last F.E. was a white homage to the Bond Esprit with the same script and tartan seats that was ordered by Bell & Colvill for sale in the UK, unfortunately it just went abroad.
As there are only 39 cars they don't come up for sale often and if waiting for a particular colour you could wait a while. I got lucky with mine with an insider tip that Lotus were selling it so I called asking to buy it. With my 675LT I waited 2 years until the spec & colour I wanted became available. I gave up on getting delta red when I found out there was only 1 in the UK and the CEO of McLaren owned it. This is the problem with LTD / rare cars they are never available when you want them. A 570S is much more common place and will be easier to get hold of in a colour and spec to your liking.
A lotus fwend on FB was at Croft yesterday (I was meant to be there too but had to cancel). And there was a Kawasaki Green 430 cup :wow: and a type 25 pushing 500+ bhp and bizarrely a VW DGS box!
mOrtt said:
I’m in a similar position OP in wanting to buy a special weekend/road trip/Sunday morning car that I can track a couple of times a year.
Everyone’s definitions of a supercar is different but like you I’ve included an AMG GTR, 570s & 600LT as to me these will make me feel super
I was initially including an Exige 420/430 but im not sure they have that special feeling to me and I don’t think the missus would enjoy an annual trip to Spa in one versus the AMG or McLaren.
I’ve ruled out an R8 as it doesn’t have that wow factor for me personally.
I’m going through a similar thought process of what to do in terms of what car shouldn’t (hopefully) depreciate astronomically in 12-24 months. If only we all had a crystal ball
Good to see I’m not alone.Everyone’s definitions of a supercar is different but like you I’ve included an AMG GTR, 570s & 600LT as to me these will make me feel super
I was initially including an Exige 420/430 but im not sure they have that special feeling to me and I don’t think the missus would enjoy an annual trip to Spa in one versus the AMG or McLaren.
I’ve ruled out an R8 as it doesn’t have that wow factor for me personally.
I’m going through a similar thought process of what to do in terms of what car shouldn’t (hopefully) depreciate astronomically in 12-24 months. If only we all had a crystal ball
Yes that’s the biggest thing holding me back from an Exige is that it’s barely different from a 40k Exige and although I’m not generally bothered about others opinions it would be nice to feel that extra but special. I know of 5+ exiges within 10 miles of me and no 570’s
But if that Kawasaki green one popped up for sale
At the time I was looking I would certainly make an enquiry.
Keep us posted of your progress.
fridaypassion said:
I've had a few cars at these sorts of numbers 458/GT3RS and a 600LT
The Ferrari residuals unsurprisingly are very good making for the best monthlies. Just cross Porsche off this list we are talking supercars and the Porsche stuff is too boring. A 570 will be way under budget and is 110% a supercar. For me the 600 just has a lot more drama and is much more hardcore than the 570. A 720 would fall into budget too but although 145k ish is great value I hate the look of them. 488 is another one that will be right on budget although a good 458 will be a better overall financial proposition.
There's a load of choice 100 to 150k is a real sweet spot for a lot of awesome cars.
Thats good to hear.The Ferrari residuals unsurprisingly are very good making for the best monthlies. Just cross Porsche off this list we are talking supercars and the Porsche stuff is too boring. A 570 will be way under budget and is 110% a supercar. For me the 600 just has a lot more drama and is much more hardcore than the 570. A 720 would fall into budget too but although 145k ish is great value I hate the look of them. 488 is another one that will be right on budget although a good 458 will be a better overall financial proposition.
There's a load of choice 100 to 150k is a real sweet spot for a lot of awesome cars.
Any you hugely regretted or bitten you more than you hoped?
Those 3 cars you've had all seem to have very good residuals and cant see them dropping below the 110/120k mark in next couple of years but of course no one knows what the economy is going to do especially given all that's gone/going on in the world!
A 720s at 145k to me would be the best choice the more I think about it... Prices of those will always be backed up by the 570s,mp4,650s plus the performance per £ it cant be beaten! Will the 720 ever be a 100k car..? I think I'd be pretty happy owning one of those for a couple of years and it cost me 25k in depreciation Plus my monthlies/running costs!
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