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PCP finance
Posted: Tue Sep 23, 2003 4:01 pm
by toasty
Thinking of buying a 993 Turbo [img]images/graemlins/FIREdevil.gif[/img]
Anyone know if there is a limit for the maximum age of a car under PCP finance?
I was thinking of a £40k car, hopefully able to agree a residual value of at least £20k after a few years.
Anyone know if this is realistic?
Re: PCP finance
Posted: Tue Sep 23, 2003 5:03 pm
by DuncS3
no its not, buy a RS4 instead
Re: PCP finance
Posted: Tue Sep 23, 2003 10:28 pm
by JohnW
40k for a 993 turbo ???
I would imagine that will be an early one with high miles.
Specialist finance should accept that any s/h porsche will not depreciate by 50% over 3 years. Sounds like you are looking to get a nice big balloon figure at the end right ?
I'd suggest you talk to Jon's mate for good figures.
They are a superb car and you will not be disappointed, but please please please make sure you know what you are getting into. For advice you could do worse than calling Henry at
www.911virgin.com.
Cheers,
John. (993 C2, amongst others [img]images/graemlins/wink.gif[/img] )
Re: PCP finance
Posted: Thu Sep 25, 2003 11:56 am
by toasty
That's right John.
Just looking into whether I can run a porker for the cost of my S4.
Was thinking if I could end up with about £20k on finance (or less if poss) and the rest as a balloon then it'd be as cheap to finance as my S4 (I borrowed about £18k as a loan to buy it)
I appreciate that servicing etc will be more, but if I can get a good warranty to cover failures then I'll have a supercar for affordable money [img]images/graemlins/smile.gif[/img]