Time to Buy a Porsche?

[gb-gta]

Absolutely... got some parts for the old M3... my local stealer had an M3 Touring with delivery mileage. APR of 11.5% and no PCP available - only HP. £2.25k per month over 4yrs! That tells me that BMW has no idea where the Guaranteed Future Value of the car would be in 3 or 4 years, hence the lack of balloon option at the end. If they cannot roughly estimate the depreciation of the car, how can they set a decent lease deal, which relies on the customer to pay for the depreciation and also leave a margin on top?

Wonder how many takers there are for that deal !? Any salesman who gets someone to sign up for that is a genius.
Or new M3 buyers are a strange breed who are somehow clever enough to earn enough money to pay £27k a year for 4 years to own a 3 series estate but dumb enough to actually sign up to do it!

 

[Ewan]

lives in rural Wiltshire. It's not like RRs which are mainly stolen in London. It's the battery costs if damaged in accidents,

Good point. I should quickly check what my renewal cost is going to be!

 

[gb-gta]

Good point. I should quickly check what my renewal cost is going to be!

Good luck!

 

[midlifecrisis]

JayEmm mentions a tracker extension on Chrome, anyone know what it is?

 

[CatmanV2]

JayEmm mentions a tracker extension on Chrome, anyone know what it is?

There's another thread on exactly that

C

 

[midlifecrisis]

There's another thread on exactly that

C

CAn't be @rsed with the pants SM search function.. any chance you can tell me here or PM me?

 

[CatmanV2]

CAn't be @rsed with the pants SM search function.. any chance you can tell me here or PM me?

Of course, my friend

https://www.sportsmaserati.com/index.php?threads/autotrader-prices-chrome-extension.37848/

C

 

[Felonious Crud]

Absolutely... got some parts for the old M3... my local stealer had an M3 Touring with delivery mileage. APR of 11.5% and no PCP available - only HP. £2.25k per month over 4yrs!

£2.25k per month just to drive a car?? ****!! There are some bloody mentalists around. Barmy.

 

[Ewan]

or massive manufacturer incentives to keep the factory going. With higher interest rates, much higher insurance and steep depreciation, it will be interesting to see how the govt/manufacturers react when EV take up reduces significantly. A friend's Tesla S insurance renewal came in at 6k from under 1k for the previous 8 years since new.

Just checked my insurance for the my incoming Audi E-Tron. They (Churchill) said no change from the current one. So that'll be the princely sum of £306 per year then. Bargain.

Can't believe for a moment anyone would pay £6K on insurance alone to drive a Tesla. You'd need to be paying me if you wanted me to drive a Tesla!

 

[Guy]

Just checked my insurance for the my incoming Audi E-Tron. They (Churchill) said no change from the current one. So that'll be the princely sum of £306 per year then. Bargain.

Can't believe for a moment anyone would pay £6K on insurance alone to drive a Tesla. You'd need to be paying me if you wanted me to drive a Tesla!

From what I can gather some insurers (John Lewis) have stopped insuring EVs at the moment, some are making it v expensive and some are obviously continuing as they were at the moment. Ultimately I assume the actuaries will have enough data and it will level out. I suspect, due to the very high cost of battery packs that can't be repaired all EVs will bring higher costs for insurance than ICEs.

 

[Andyk]

There are a lot of insurance company’s that are stopping their insurance on electric cars. Apparently it is the cost to repair when they go wrong. Aviva sent a friend a letter to say they will not be renewing his Tesla insurance.

 

[Ewan]

So the leson is, for an EV, have an Audi and insure it with Churchill. Simples.

 

[Guy]

For now