When is it better to give up ?

davirus82 said:

Thanks everyone for the help. It has been great to have this forum for advice.

Will do the finances, and figure out a way to pay

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Main Force Patrol said:

Just to support Phil's man maths calculator, just bear this in mind.....

A middling spec BMW 4 Series would cost you £480 a month on a 2 year deal that equates to £11520 for the 2 years
For the year 3 & 4 you decided to go for a half decent spec'd E Class AMG @ £562 that's £13488 in total for your new Merc.

Over 4 years you just spent £25008 and now you have no car to show for your £25k, so that's £6252 per year on average.

Clearly your Porsche isn't a new car but going back to Phil's Man Maths If you consider MFP's Lease Calculator then you even further better off with your Harlech machine than even Phil would have you
:bandit:

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Main Force Patrol said:

Just to support Phil's man maths calculator, just bear this in mind.....

A middling spec BMW 4 Series would cost you £480 a month on a 2 year deal that equates to £11520 for the 2 years
For the year 3 & 4 you decided to go for a half decent spec'd E Class AMG @ £562 that's £13488 in total for your new Merc.

Over 4 years you just spent £25008 and now you have no car to show for your £25k, so that's £6252 per year on average.

Clearly your Porsche isn't a new car but going back to Phil's Man Maths If you consider MFP's Lease Calculator then you even further better off with your Harlech machine than even Phil would have you
:bandit:

Click to expand...

Main Force Patrol said:

Just to support Phil's man maths calculator, just bear this in mind.....

A middling spec BMW 4 Series would cost you £480 a month on a 2 year deal that equates to £11520 for the 2 years
For the year 3 & 4 you decided to go for a half decent spec'd E Class AMG @ £562 that's £13488 in total for your new Merc.

Over 4 years you just spent £25008 and now you have no car to show for your £25k, so that's £6252 per year on average.

Clearly your Porsche isn't a new car but going back to Phil's Man Maths If you consider MFP's Lease Calculator then you even further better off with your Harlech machine than even Phil would have you
:bandit:

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MisterCorn said:

In terms of money I doubt it makes much difference. You had a car which was worth £20k, you now have a car which is worth £10k. If you fix it it is worth £20k again. The only thing for certain is that you are out of pocket by £10k. Sorry to hear that, but it is an unfortunate risk in owning a 996/997. Personally, if I liked the car and wanted to keep it I woild see it as an opportunity for upgrades. I would rather spend £12k to get it back better than before than spend £10k to have it just the same.


MC

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davirus82 said:

Hi all, my car was taken to RSJ this week having been leaking oil like a tap. They think it will need an engine rebuild 8-10k worst case IMS :sad:

Car is in otherwise good condition i bought in 2015 (54 plate) from RSJ.

if it costs me £8-10k and the car is worth (around 20-25) is it worth it? any advice would be great.

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