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Post by racingteatray on Nov 7, 2021 22:23:22 GMT
£65k car, £23k deposit over 48 months. If anyone can get that deal, then I’m sure you could do better. Where's that from? Although I don't like that much - the GFV looks set artificially low.
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Post by Martin on Nov 7, 2021 22:28:20 GMT
£65k car, £23k deposit over 48 months. If anyone can get that deal, then I’m sure you could do better. Where's that from? Although I don't like that much - the GFV looks set artificially low. Just a non model specific example from Lloyds. Maybe Coutts will offer something similar….. Just trying to be helpful, you said you hadn’t seen anywhere offer lower than 6% and I found 3 sub 5% PCP deals in a couple of minutes.
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Post by Big Blue on Nov 7, 2021 22:31:39 GMT
You should be able to get a tailored PCP, even with a higher residual which is your risk to the finance company’s eyes. If BMW FS (a separate entity to the car selling fraternity) can offer 2.9% then some other funder can, especially to a professional gentleman in your position.
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Post by racingteatray on Nov 8, 2021 0:35:02 GMT
Sorry didn’t mean to sound ungracious.
My wife and I bank with a total of four banks - they just happen not to include the three you mentioned.
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Post by johnc on Nov 8, 2021 8:52:57 GMT
Having enjoyed new car peace of mind, I don't think I could get excited about a 4 to 5 year old car at £50k+ unless it was going to be something classic that I could work on myself. I think the older technology would also start to grate after a while. I'd be tempted to keep your car for a while longer until this current chip shortage has sorted itself out and prices start to normalise again.
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Post by PetrolEd on Nov 8, 2021 9:38:04 GMT
I'd go for the new Macan S option though you could have a conversation with the dealer on take the Turbo now and order an S for next year and see what buy back they can offer. Though being Porsche due to the margin they have to have in their cars I don't think it'll work out.
Cheapest way if you don't want to stick it through the mortgage and make the overpayments is a personal loan at 2.9% through a multiple of sources. A 5 year option should be similar to a 3 year PCP.
Worth looking at Lombard if you are a partner in your firm. One thing to be wary of is that by September next year the interest rates will be rising. In the last month we've been hit by between 50 and 75 basis point rise with most of our funders.
Remember that the changes in regulated car finance agreements means that the really cheap deals aren't on the table anymore as all banks now have to offer the same rate to everyone they do business with as they need to be "treating customers fairly"
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Post by PG on Nov 8, 2021 10:18:40 GMT
I'm also erring towards saying order a new one if you really want a Macan.
I think garry said it - you'd be swapping a 4 year old £23k car for a 4 year old £50k car. If you would not be happy keeping the BMW until it was 7/8 then are you happy keeping a Porsche until it is 7/8 years old (even under warranty)?
Taking a PCP seems like a good idea - either Porsche or finding another provider - as I don't really think anybody can be sure about residuals.
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Post by PG on Nov 8, 2021 10:24:19 GMT
And I've just read the ceramic brake thread. The comment that they are better when hot but take longer to heat up would put me right off for day to day road use. You're hardly going to track a Macan (even a turbo)..... So they are basically a willy waving exercise and will be insanely expensive to replace if they need doing.
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Post by racingteatray on Nov 8, 2021 10:33:21 GMT
I'd go for the new Macan S option though you could have a conversation with the dealer on take the Turbo now and order an S for next year and see what buy back they can offer. Though being Porsche due to the margin they have to have in their cars I don't think it'll work out. Cheapest way if you don't want to stick it through the mortgage and make the overpayments is a personal loan at 2.9% through a multiple of sources. A 5 year option should be similar to a 3 year PCP. Worth looking at Lombard if you are a partner in your firm. One thing to be wary of is that by September next year the interest rates will be rising. In the last month we've been hit by between 50 and 75 basis point rise with most of our funders. Remember that the changes in regulated car finance agreements means that the really cheap deals aren't on the table anymore as all banks now have to offer the same rate to everyone they do business with as they need to be "treating customers fairly" Thanks. The killer on the Turbo (which is "eat your dinner off it" immaculate full-stop, let alone for a car of its age and mileage) are the tyres unless they'd be prepared to do something about those (which I very much doubt since the set on the car are new). I do not want to have to fork out for a set of winter tyres. I've had a careful read through our benefits offering for partners and access to preferential financing sadly doesn't feature. The personal loan is a great option but I haven't spotted any decent deals (ie c.3%) on those for more than £25k. As for other PCPs, none of the banks we bank with appear to offer them, nor could I find anyone else offering less than 5.9% APR.
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Post by racingteatray on Nov 8, 2021 10:34:45 GMT
And I've just read the ceramic brake thread. The comment that they are better when hot but take longer to heat up would put me right off for day to day road use. You're hardly going to track a Macan (even a turbo)..... So they are basically a willy waving exercise and will be insanely expensive to replace if they need doing. Oh absolutely. Although I couldn't have told you I noticed any absence of braking power during the first part of the test drive.
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Post by PetrolEd on Nov 8, 2021 10:37:14 GMT
And I've just read the ceramic brake thread. The comment that they are better when hot but take longer to heat up would put me right off for day to day road use. You're hardly going to track a Macan (even a turbo)..... So they are basically a willy waving exercise and will be insanely expensive to replace if they need doing. Of course its a great sign in a used car that the original owner was so monied that they put on a 7K option onto a Macan just because they can. Spend that sort of money and they won't have saved on any consumables. When I say the ceramics take longer to stop in the other thread its probably only a car length max at 100MPH but you obviously have the benefit of unsprung mass on each corner. And if anyone hasn't driven a Macan it really does break the SUV rules, it handles like a Hot Hatch which means you'll be pushing on and after a couple of those Alpine switch backs on you next holiday you might be grateful that someone specced the Carbons.
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Post by PetrolEd on Nov 8, 2021 10:43:01 GMT
I'd go for the new Macan S option though you could have a conversation with the dealer on take the Turbo now and order an S for next year and see what buy back they can offer. Though being Porsche due to the margin they have to have in their cars I don't think it'll work out. Cheapest way if you don't want to stick it through the mortgage and make the overpayments is a personal loan at 2.9% through a multiple of sources. A 5 year option should be similar to a 3 year PCP. Worth looking at Lombard if you are a partner in your firm. One thing to be wary of is that by September next year the interest rates will be rising. In the last month we've been hit by between 50 and 75 basis point rise with most of our funders. Remember that the changes in regulated car finance agreements means that the really cheap deals aren't on the table anymore as all banks now have to offer the same rate to everyone they do business with as they need to be "treating customers fairly" Thanks. The killer on the Turbo (which is "eat your dinner off it" immaculate full-stop, let alone for a car of its age and mileage) are the tyres unless they'd be prepared to do something about those (which I very much doubt since the set on the car are new). I do not want to have to fork out for a set of winter tyres. I've had a careful read through our benefits offering for partners and access to preferential financing sadly doesn't feature. The personal loan is a great option but I haven't spotted any decent deals (ie c.3%) on those for more than £25k. As for other PCPs, none of the banks we bank with appear to offer them, nor could I find anyone else offering less than 5.9% APR. In the past I've just taken out 2 loans from different sources to get over the 25K issue. so if you wanted 40K as cheaply as possible take 25K from someone like your bank and 15K from someone like Tesco. I appreciate your signing two loan docs and two individual payments but can be worth it for the savings.
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Post by johnc on Nov 8, 2021 14:58:19 GMT
Have you considered phoning around a few of the smaller Porsche dealers to find out if they have any new Macan S's either in stock or coming in to stock which you could get more quickly. Porsche Perth are always a good shout and a few of my acquaintances have been told by Glasgow or Edinburgh that they will need to wait 9 or 12 months for a car only to be told by Perth that they can have one in 3 months. There must be other slightly out of the way dealers too.
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Post by Tim on Nov 8, 2021 15:13:04 GMT
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Post by Martin on Nov 8, 2021 15:24:30 GMT
I'm not sure it does as the spec is quite a bit lower and it's close to £10k more.
One way to get a good handle on the true value, is to look at Motorway, as that's what it would be worth as soon as you driver off the forecourt. As I said earlier in the thread, thanks to silly used prices, the 440 is worth a lot more than you ever thought it would be, the value of mine is slightly higher than I paid 18 months ago, I'd get £27k for the Golf (which is as just silly) etc.
If you put that Turbo in, it says it's worth £42k. So despite the 2 year warranty (worth £1400) and dealer margin, it still feels high and puts at risk the c£30k you'd hope it would be worth in 3 years, especially as that's £42k in the current market.
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Post by Martin on Nov 8, 2021 15:29:12 GMT
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Post by Tim on Nov 8, 2021 15:33:57 GMT
Is the interior colour called Luxor beige because it reminds you of the desert? It's quite nasty.
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Post by racingteatray on Nov 8, 2021 15:35:36 GMT
I don't like those headlights and it doesn't have a sports exhaust. On the original car I tried, the point is now moot - the dealer just rang - clearly someone else had fewer qualms about it and it has been sold. I'm not surprised - it presented like nearly-new.
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Post by racingteatray on Nov 8, 2021 15:39:50 GMT
I actually think that's pretty pricey. No BOSE and no air suspension for starters, plus not much else by way of FG. And then there's the colour scheme: Red - no Black RS Spyder wheels - no Alcantara interior - no.
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Post by Tim on Nov 8, 2021 16:00:50 GMT
I actually think that's pretty pricey. No BOSE and no air suspension for starters, plus not much else by way of FG. And then there's the colour scheme: Red - no Black RS Spyder wheels - no Alcantara interior - no. You're right (and so is Martin), I got confused about the difference between a GTS and the Turbo It's been a long week already!
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Post by racingteatray on Nov 8, 2021 16:40:50 GMT
Nothing wrong with a GTS. If the spec was right, I'd happily have one instead of a Turbo.
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Post by racingteatray on Nov 8, 2021 18:09:00 GMT
So a new S specced to my liking is a £65k car. A GTS specced to my liking is a £70k car. Be interesting to see if there is a £5k difference in GFV, since a base GTS lists at £11k more than a base S.
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Post by Martin on Nov 8, 2021 18:21:13 GMT
So a new S specced to my liking is a £65k car. A GTS specced to my liking is a £70k car. Be interesting to see if there is a £5k difference in GFV, since a base GTS lists at £11k more than a base S. You've done well keeping a GTS to £70k. Metallic, better (non black) wheels, decent leather and Bose pretty much gets you there. Magnitude Finance (PCP deal) have a £70k GTS worth £4.6k more after 4 years/40k miles than a £65k S. I use them to get an idea of future value and think they're pretty accurate. I wouldn't use them though as their rates are 6%+
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Post by PetrolEd on Nov 8, 2021 18:48:44 GMT
Only issue I assume is that getting a GTS will be harder then an S?
Seems a no brainer if dealers are asking 60k for 3/4 year old ones
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Post by Martin on Nov 8, 2021 19:02:21 GMT
Some quite decent length reviews of the S and GTS and a good opportunity to hear what they sound like inside (the same...), iirc he talks about the differences in the GTS review.
If nothing else you'll be glad you don't have to pay German prices! They both have most of the options, but are over 110k euros....
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Post by racingteatray on Nov 8, 2021 19:13:22 GMT
So a new S specced to my liking is a £65k car. A GTS specced to my liking is a £70k car. Be interesting to see if there is a £5k difference in GFV, since a base GTS lists at £11k more than a base S. You've done well keeping a GTS to £70k. Metallic, better (non black) wheels, decent leather and Bose pretty much gets you there. Magnitude Finance (PCP deal) have a £70k GTS worth £4.6k more after 4 years/40k miles than a £65k S. I use them to get an idea of future value and think they're pretty accurate. I wouldn't use them though as their rates are 6%+ Ok so not much in it and therefore perhaps not worth it. A lot of stuff that is an expensive option on an S is standard on a GTS, including full leather seats, air suspension, sports exhaust, fancier headlights and 21" alloys - just that little lot is some £5-6k. www.porsche-code.com/PNKZZCY4
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Post by racingteatray on Nov 8, 2021 19:21:18 GMT
Some quite decent length reviews of the S and GTS and a good opportunity to hear what they sound like inside (the same...), iirc he talks about the differences in the GTS review. If nothing else you'll be glad you don't have to pay German prices! They both have most of the options, but are over 110k euros.... Yeeeeeeeessssss. Watched those yesterday. I think an S is all I need, but just checking...
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Post by Martin on Nov 8, 2021 19:21:54 GMT
You've done well keeping a GTS to £70k. Metallic, better (non black) wheels, decent leather and Bose pretty much gets you there. Magnitude Finance (PCP deal) have a £70k GTS worth £4.6k more after 4 years/40k miles than a £65k S. I use them to get an idea of future value and think they're pretty accurate. I wouldn't use them though as their rates are 6%+ Ok so not much in it and therefore perhaps not worth it. A lot of stuff that is an expensive option on an S is standard on a GTS, including full leather seats, air suspension, sports exhaust, fancier headlights and 21" alloys - just that little lot is some £5-6k. www.porsche-code.com/PNKZZCY4That's a really nice looking car / spec.
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Post by racingteatray on Nov 8, 2021 19:43:06 GMT
I quite like that Cherman bloke's refiews...he annoys me less than the Carwow bloke, although I have to zone out the repeated references to "animal-free" given my extremely limited tolerance for bunny-hugging.
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Post by PetrolEd on Nov 8, 2021 19:49:09 GMT
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