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mattster10
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Joined: 11 Jul 2019
Posts: 8



PostPosted: Thu Jul 11, 2019 8:41 pm    Post subject: Wishing for a 992 but think I know the answer.. Reply with quote

Hi to all

I'm looking for some advice as I would dearly love to own a 992
I have older car to trade in which has been valued at around £16k by the OPC to be fair that's £2k higher than an indy offered me and I was thinking I could put some more cash down to top this figure up but I've no idea what the repayments would be on a PCP deal for a new car.

I've heard that buying new can be a better option as some of the older used residuals are better but when I asked the OPC about dealer contribution I was told it's not something they do.

Fair enough - is there anyway I can work out what the cost and repayments would likely be? I've seen some great used 992's with good spec but they are listed at £110k which would take some doing to get to and have an affordable monthly payment.

I won't break the bank or stretch myself so wondering if I should give up now and focus on a used 991.1 or 991.2 for around £50-£60k

Welcome any comments
 
  
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T8
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General


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PostPosted: Fri Jul 12, 2019 8:04 am    Post subject: Reply with quote

Try

https://www.porsche.com/uk/accessoriesandservice/financialservices/

Welcome to 911uk
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ex 2004 Polar Silver 996T Tiptronic
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G2
Barcelona


Joined: 26 Oct 2015
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PostPosted: Fri Jul 12, 2019 8:18 am    Post subject: Reply with quote

Think I’ve posted this before. This site gives basic costs for usual finance once you know the interest rate.

PCP is usually slightly higher total cost for the flexibility and guaranteed future value if included. Basically you pay more for their increased risk. Hence why all adverts only talk about monthly cost and flash the small print for minimum time...

https://www.thecalculatorsite.com/finance/calculators/carloancalculator.php it shows the interest and equity balance in the payments.
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991.2GTS
Monza


Joined: 02 Apr 2019
Posts: 209
Location: Yorkshire


PostPosted: Fri Jul 12, 2019 9:19 am    Post subject: Reply with quote

If you can make the 992 happen, do it........ Thumb
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mattster10
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Joined: 11 Jul 2019
Posts: 8



PostPosted: Fri Jul 12, 2019 10:01 am    Post subject: Reply with quote

991.2GTS wrote:
If you can make the 992 happen, do it........ Thumb


Yes for sure
I know I can pick up a nice 991.2 easy for £70-£75k

Just don’t know if can get to the £100k for 992
 
  
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PerrinAybara
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Joined: 02 Jan 2019
Posts: 29



PostPosted: Fri Jul 12, 2019 11:13 am    Post subject: Reply with quote

G2 wrote:
Think I’ve posted this before. This site gives basic costs for usual finance once you know the interest rate.

PCP is usually slightly higher total cost for the flexibility and guaranteed future value if included. Basically you pay more for their increased risk. Hence why all adverts only talk about monthly cost and flash the small print for minimum time...

https://www.thecalculatorsite.com/finance/calculators/carloancalculator.php it shows the interest and equity balance in the payments.
I know I've said this before, but in my experience OPCs are conservative about the guaranteed future values, so I'm not convinced they're taking increased risk. I remember when I was talking about PCP for a Cayenne and this "low depreciation" car was expected to lose 60-70+% of value over three years....
 
  
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PerrinAybara
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Joined: 02 Jan 2019
Posts: 29



PostPosted: Fri Jul 12, 2019 11:14 am    Post subject: Re: Wishing for a 992 but think I know the answer.. Reply with quote

mattster10 wrote:
I've seen some great used 992's with good spec but they are listed at £110k which would take some doing to get to and have an affordable monthly payment.
I suspect that all of the "used" 992s currently available will be on at list price - basically you're saving on not having to wait for the car to be built, but not saving on cost.
 
  
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mattster10
Newbie


Joined: 11 Jul 2019
Posts: 8



PostPosted: Fri Jul 12, 2019 11:29 am    Post subject: Re: Wishing for a 992 but think I know the answer.. Reply with quote

PerrinAybara wrote:
mattster10 wrote:
I've seen some great used 992's with good spec but they are listed at £110k which would take some doing to get to and have an affordable monthly payment.
I suspect that all of the "used" 992s currently available will be on at list price - basically you're saving on not having to wait for the car to be built, but not saving on cost.


Yes exactly this
And there’s a lot of difference in £110k v £70k lol
 
  
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G2
Barcelona


Joined: 26 Oct 2015
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PostPosted: Fri Jul 12, 2019 12:15 pm    Post subject: Reply with quote

PerrinAybara wrote:
G2 wrote:
Think I’ve posted this before. This site gives basic costs for usual finance once you know the interest rate.

PCP is usually slightly higher total cost for the flexibility and guaranteed future value if included. Basically you pay more for their increased risk. Hence why all adverts only talk about monthly cost and flash the small print for minimum time...

https://www.thecalculatorsite.com/finance/calculators/carloancalculator.php it shows the interest and equity balance in the payments.
I know I've said this before, but in my experience OPCs are conservative about the guaranteed future values, so I'm not convinced they're taking increased risk. I remember when I was talking about PCP for a Cayenne and this "low depreciation" car was expected to lose 60-70+% of value over three years....


Not quite what I was getting at. The increased cost is usually higher APR on the PCP or any agreement that documents a “guaranteed future value”. Semantics but it’s a defined term that means they are taking the “risk” of the cars value, with a straight balloon HP you the purchaser takes the risk.....and its used as an excuse by most finance companies inc VWFS that porsche paper is weighed on.

The above are different structures that have been brought to car finance and not presented as clearly as they should. , as ever, devil in the detail.
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spongebob squarepants
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Joined: 20 Dec 2009
Posts: 5310
Location: Manchester and Iraq


PostPosted: Fri Jul 12, 2019 2:12 pm    Post subject: Re: Wishing for a 992 but think I know the answer.. Reply with quote

mattster10 wrote:
Hi to all

I'm looking for some advice as I would dearly love to own a 992
I have older car to trade in which has been valued at around £16k by the OPC to be fair that's £2k higher than an indy offered me and I was thinking I could put some more cash down to top this figure up but I've no idea what the repayments would be on a PCP deal for a new car.

I've heard that buying new can be a better option as some of the older used residuals are better but when I asked the OPC about dealer contribution I was told it's not something they do.

Fair enough - is there anyway I can work out what the cost and repayments would likely be? I've seen some great used 992's with good spec but they are listed at £110k which would take some doing to get to and have an affordable monthly payment.

I won't break the bank or stretch myself so wondering if I should give up now and focus on a used 991.1 or 991.2 for around £50-£60k

Welcome any comments


Depreciation depreciation depreciation. Surely always be the killer on a 992. deal. 991 someone has already taken the biggest hit for you. Is the 992 a great car? yes. But so is the 991 Thumb

A used 992 at 110 k hmmm. Your into 991 GT3 territory Dont know
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mattster10
Newbie


Joined: 11 Jul 2019
Posts: 8



PostPosted: Fri Jul 12, 2019 3:33 pm    Post subject: Re: Wishing for a 992 but think I know the answer.. Reply with quote

spongebob squarepants wrote:
mattster10 wrote:
Hi to all

I'm looking for some advice as I would dearly love to own a 992
I have older car to trade in which has been valued at around £16k by the OPC to be fair that's £2k higher than an indy offered me and I was thinking I could put some more cash down to top this figure up but I've no idea what the repayments would be on a PCP deal for a new car.

I've heard that buying new can be a better option as some of the older used residuals are better but when I asked the OPC about dealer contribution I was told it's not something they do.

Fair enough - is there anyway I can work out what the cost and repayments would likely be? I've seen some great used 992's with good spec but they are listed at £110k which would take some doing to get to and have an affordable monthly payment.

I won't break the bank or stretch myself so wondering if I should give up now and focus on a used 991.1 or 991.2 for around £50-£60k

Welcome any comments


Depreciation depreciation depreciation. Surely always be the killer on a 992. deal. 991 someone has already taken the biggest hit for you. Is the 992 a great car? yes. But so is the 991 Thumb

A used 992 at 110 k hmmm. Your into 991 GT3 territory Dont know


Yeah I’m not sure about a GT3 this will be my first 911 and I’d be using it daily so need practically and at least some mpg...
 
  
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Hamster75
Spa-Francorchamps


Joined: 07 Sep 2017
Posts: 263
Location: Chester


PostPosted: Fri Jul 12, 2019 7:59 pm    Post subject: Reply with quote

I drove a 992 for a full day in all conditions & can say they are a great car amazing handling, safety, & like a catapult when you open them up, deceptively fast.

However I own a 991.1 s & can honestly say they are so much more exciting & sound awesome, they feel much more alive, sadly lacking in the new one.

I would go for a 2015 - C2S low mileage & save your self a boat load of cash. wack
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kas750
Reims


Joined: 31 Mar 2013
Posts: 4476
Location: Chorley lancashire

2006 Porsche 911

PostPosted: Fri Jul 12, 2019 8:07 pm    Post subject: Reply with quote

You will seriously do your brains in on a 992,without a doubt.
If you can afford the financial hit then go for it but the sensible choice is to let someone else take the hit and buy a sensibly specc'd 991.
 
  
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mattster10
Newbie


Joined: 11 Jul 2019
Posts: 8



PostPosted: Fri Jul 12, 2019 8:23 pm    Post subject: Reply with quote

Hamster75 wrote:
I drove a 992 for a full day in all conditions & can say they are a great car amazing handling, safety, & like a catapult when you open them up, deceptively fast.

However I own a 991.1 s & can honestly say they are so much more exciting & sound awesome, they feel much more alive, sadly lacking in the new one.

I would go for a 2015 - C2S low mileage & save your self a boat load of cash. wack


Thanks for the advise
I don’t suppose you could recommend what a good model looks like?

This would be my first one so it would be good to get a benchmark
 
  
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sideways
Monza


Joined: 17 Oct 2016
Posts: 191
Location: Surrey


PostPosted: Fri Jul 12, 2019 8:43 pm    Post subject: Reply with quote

If you Must have a 911 and it’s a daily, you can’t go far wrong with 991.2 such as this. https://finder.porsche.com/gb/en_GB/911-Carrera-S-80189
A 991.1 will make a better sound and save you 10k plus dependant on miles and kit. 991.2 has newer tech and more torque low down.
So much choice. Don’t rule out a not S as your first especially 991.2. They are plenty fast and still feel quite delicate compared to the 992.
Also a good indy will save some pounds on your budget.
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mattster10
Newbie


Joined: 11 Jul 2019
Posts: 8



PostPosted: Fri Jul 12, 2019 8:54 pm    Post subject: Reply with quote

sideways wrote:
If you Must have a 911 and it’s a daily, you can’t go far wrong with 991.2 such as this. https://finder.porsche.com/gb/en_GB/911-Carrera-S-80189
A 991.1 will make a better sound and save you 10k plus dependant on miles and kit. 991.2 has newer tech and more torque low down.
So much choice. Don’t rule out a not S as your first especially 991.2. They are plenty fast and still feel quite delicate compared to the 992.
Also a good indy will save some pounds on your budget.


Thanks that is a great looking car for sure.

I was leaning towards an OPC for the 2 year warranty, would I still get that at an Indy?

How does the S compare in terms of running costs like tax and mpg?
How much faster is it and I’m guessing the insurance goes up.

I think I’d be happy with any 991 no matter if it’s the .1 or the .2
I’m curious to understand how much they would depreciate as well over 3-4 years

I think I’m in love with this one
https://finder.porsche.com/gb/en_GB/911-Carrera-83930
 
  
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6appeal
Hockenheim


Joined: 02 Jan 2016
Posts: 636



PostPosted: Sat Jul 13, 2019 6:23 am    Post subject: Reply with quote

Goes to show that one... brand new that would've been about £88k, so now 3yrs old listed at £77k and the finance cost is higher on a used car than a new so the monthly payment on a new would hardly be much different. was my deciding factor when i was looking a few years ago.

No, you won't get the warranty from an indy.
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6appeal
Hockenheim


Joined: 02 Jan 2016
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PostPosted: Sat Jul 13, 2019 6:35 am    Post subject: Reply with quote

Here you go... here was my journey into a 991.2

http://www.911uk.com/viewtopic.php?t=108733&start=0
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- VW T2 Bay Window 1976
Past:
- 991.2 Carrera, 640d GC, 635d, RS6, Audi TT 225, Astra with wind up windows, Citroen ZX, Rover 213, yes behold, a Rover 213... Renault 5
 
  
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T8
General
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Joined: 29 Jun 2010
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PostPosted: Sat Jul 13, 2019 8:37 am    Post subject: Reply with quote

mattster10 wrote:


I was leaning towards an OPC for the 2 year warranty, would I still get that at an Indy?

I’m curious to understand how much they would depreciate as well over 3-4 years



A car bought from a decent Porsche Specialist would have a worthwhile warranty for at least 6 months and probably 12. If the car is standard after 90 days of ownership you could get a 111 point inspection done at an OPC and buy a Porsche warranty yourself.

Depreciation of 991 Carreras seems to be following the pattern of 996s and 997s previously in that they slow right down at 7 years old. I suspect that they will bottom out at 12. After that really good ones might even go back up slightly.

NB: Depreciation is normally judged by what comparable cars cost to buy over a period of time. The spread between trade value and retail price is often overlooked meaning that owners can be shocked at how much their car has fallen in value especially if they have bought from an OPC and then try to trade it back.
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