|
borrowing is not as cheap for toys, it's a specialist lending business dominated by JJ Best, Premier, and Woodside. I think lightstream is in the game too. the lowest I have seen recently is roughly 3.5%, which isn't bad but isn't close to rates on new cars.
|
#
¿
May 4, 2020 18:12
|
|
|
|
| # ¿ May 13, 2024 17:30 |
|
|
Nidhg00670000 posted:Decades-old cars that aren't depreciating anymore would seem like a pretty safe thing to finance tho? When you default on the loan that's securitized by the car, the bank gets the car. They don't want cars, so they then have to sell it. There are great mechanisms to dispose of 1-7 year old mass market cars where banks they can quickly recover value through auctions, because there's broad and sustained demand for slightly used mass market cars. (This is also in part why most normal lenders don't gently caress with car notes on cars older than like five years). Selling a 993 at close to value is a lot harder than selling a four year old Kia Soul, and so it's a specialist business. You're also highly exposed to market downturns (guy is gonna let his 911 get repo'd before his F-150 that he uses for his contractor business or whatever, and that's right when classic car values take an absolute dump), and you have concentrated risk because classic car market valuations are pretty much entirely a matter of taste and disposable income. IOwnCalculus posted:Considering people get rates worse than that on newer used cars all the time that are still well into depreciation, this doesn't seem that bad. Sure, but that's starting interest rates. Starting interest rates for new cars are 0.0%. You figure you'll be paying a 2-3 point spread at every creditworthiness level. Again, not the end of the world. I wouldn't take out a note on a toy because it's a toy, and a lien on a toy means that you have that as fixed expense line in your budget whenever the global economy takes a poo poo or whatever, and you have a liability offsetting your nominal equity in the vehicle in the event you need to turn it in to cash. Also, the classic car market is all kinds of hosed right now (probably as a result of rampant income inequality in the US, but that's mainly speculation on my part) and you are buying in after a substantial period of high returns. No guarantee that your 911 will continue to appreciate. Residency Evil posted:I started googling: shockingly, a guy in muskegon buying a ferrari is dumb as a sack of hammers
|
|
#
¿
May 4, 2020 18:50
|
|
|
Motronic posted:It's cash. It would be freaking weird to do a deal like this in anything other than cash and I wouldn't be particularly willing to deal with a buyer who can't produce cash (whether that is from an existing line of credit/HELOC/etc - I don't care). If they want to put a loan specifically on the car they can do that later, after the transaction is done in cash. nothing raises stronger red flags on a posting for a somewhat valuable/specialized used car than there being a lienholder
|
|
#
¿
May 4, 2020 18:51
|
|
|
New cars are leased for sure. I think older classic stuff is a bit more challenging although leasing companies do exist.
|
|
#
¿
May 6, 2020 20:17
|
|
|
Even though I'm a stick shift lunatic I would be hard pressed to pay the premium they command on ancient Cayennes.
|
|
#
¿
May 7, 2020 12:07
|
|
|
I prefer to have cash on hand which is why I keep cash on hand that makes me comfortable and then only buy toy cars when I can pay cash for them above and beyond that number.
|
|
#
¿
May 7, 2020 15:39
|
|
|
Residency Evil posted:What I struggle with is that I prefer to have cash on hand so I keep cash on hand that makes me comfortable and then when I have cash on hand above that number that's my new cash on hand number that I feel comfortable with. in fairness, that is me too, but i did drop like 20k cash on the M5 and then uh, an incremental number in maintenance and repair
|
|
#
¿
May 7, 2020 16:52
|
|
|
Blue On Blue posted:And every second email I get is “4 payments waived” at least for most of them it's no payments for like 4 months or whatever but they just start the clock on the lease/note 4 months later. so if you borrow like $40k incl interest/36 months it's really just borrowing $40k incl interest/40 months
|
|
#
¿
May 11, 2020 22:06
|
|
|
Residency Evil posted:https://jalopnik.com/coronavirus-car-deals-are-getting-dialed-back-1843390332 this makes sense though because most OEMs haven't really been making cars for a while now.
|
|
#
¿
May 12, 2020 19:22
|
|
|
nah he does the negotiation with the dealer for you for the specific car as well. it's probably more useful if you are trying to find a specific used car. i did my last new car purchase on a tablet. it was fine, the process was still fairly antiquated but at least we didn't kill a lot of trees.
|
|
#
¿
May 13, 2020 22:29
|
|
|
dont buy a 4 cyl porsche unless it's a 944
|
|
#
¿
May 29, 2020 22:28
|
|
|
Motronic posted:I wouldn't stake a probably once in a lifetime experience on 2021 being the time to do it when it involves international travel and poo poo being open in general. If you schedule it just make sure you book refundable travel. I'm sure ze germans will work with you.
|
|
#
¿
May 29, 2020 23:13
|
|
|
Scionix posted:Acquired my dream car. 2014 Cayman S. gently caress a turbo hell yeah you did it brother!
|
|
#
¿
May 31, 2020 00:17
|
|
|
Ether Frenzy posted:Stop rationalizing. GT4's suspension is perfect for the daily drive occasionally. Also what kind of heathen listens to music in a car that has windows down and a NA soundtrack of high rev and delightful tonage? someone who daily drives the car
|
|
#
¿
Jun 3, 2020 14:29
|
|
|
long hoods are good!
|
|
#
¿
Jun 5, 2020 22:18
|
|
|
my wife would almost certainly prefer a drop top and i do not
|
|
#
¿
Jun 9, 2020 23:07
|
|
|
winter owns
|
|
#
¿
Jun 12, 2020 19:07
|
|
|
fortunately it looks like that hideous yellow poo poo is a cover for the wheel but i puked a little in my own mouth when i saw it
|
|
#
¿
Jun 17, 2020 21:16
|
|
|
eh i can get what i want (miami blue miami blue seat belts) for like 91k still a poo poo load of money tho
|
|
#
¿
Jun 26, 2020 15:50
|
|
|
are you parking the car outside? if so why
|
|
#
¿
Jun 26, 2020 18:13
|
|
|
solution: buy the car in some lovely porsche nerd high resale color like BLACK or SILVER (gently caress those boring assholes) and wrap it
|
|
#
¿
Jun 26, 2020 18:50
|
|
|
Cars are supposed to be fun, who cares if they perform well if the way that they get to that point is boring.
|
|
#
¿
Jul 3, 2020 15:26
|
|
|
yay you did it! looks awesome
|
|
#
¿
Jul 15, 2020 03:35
|
|
|
you can just put some tan interior pieces in. I think a black dash/wheel with tan lowers looks good especially with dark blue.
|
|
#
¿
Jul 15, 2020 18:46
|
|
|
slidebite posted:Being new to Porsche, I was very surprised to learn how the vast, vast majority of parts are still available... if you're willing to pay for it. And many even continually updated even decades after their original launch. Basically the opposite of most mainstream manufacturers. Over 10 years old and you want this ~semi obscure~ part? gently caress you. Go to the wreckers. If you were willing to pay Porsche part prices and margins, other OEMs would offer parts for longer too!
|
|
#
¿
Jul 27, 2020 11:56
|
|
|
JLR Heritage Parts program is pretty successful too
|
|
#
¿
Jul 28, 2020 12:30
|
|
|
in fairness who needs any part for a 20+ year old Porsche now? it's not like lead time and uptime are really big considerations as long as the part exists for you to buy
|
|
#
¿
Jul 28, 2020 17:57
|
|
|
willroc7 posted:Going to get it inspected today. Any guesses on what they find? squirrel nest
|
|
#
¿
Aug 3, 2020 13:48
|
|
|
yeah that's tight
|
|
#
¿
Sep 4, 2020 19:43
|
|
|
I have red and black with a brighter red on the interior (not in a porsche) and it does not get annoying on long journeys. However, the center console and dash trim are not red, which probably helps.
|
|
#
¿
Sep 15, 2020 14:56
|
|
|
blah blah no such thing as a cheap porsche
|
|
#
¿
Sep 16, 2020 18:32
|
|
|
someone parking the 911 in the grass is symptomatic i dont really understand why you are fixated on this particular scruffy example
|
|
#
¿
Sep 17, 2020 03:09
|
|
|
boner
|
|
#
¿
Sep 17, 2020 16:52
|
|
|
slidebite posted:Willroc, don't be in such a panic. Seriously, it's a car. There will be other cars at good prices. It's not worth stressing about.
|
|
#
¿
Sep 17, 2020 16:52
|
|
|
You can and should get OES ones. There are only a few different ways that TPMS sensors work, and Porsche uses 433mhz standard sensors.
|
|
#
¿
Sep 19, 2020 15:39
|
|
|
It is really sharp.
|
|
#
¿
Sep 21, 2020 18:04
|
|
|
if you hit anything with the car such that the structural elements deform it is going to be expensive no matter what.
|
|
#
¿
Oct 1, 2020 11:38
|
|
|
willroc7 posted:I sold my 2007 Audi S4 manual with 73k on it earlier this summer as I was worried about losing my job due to COVID and wanted to shore up savings, but I really miss the car and it's sent me shopping. If I did lose my job I would need to sell it relatively quickly. i am gonna be the BFC party pooper and say that if there is a situation where you lose your job, the 996 market is probably going to be soft as gently caress and unloading that car will be difficult. so if you would need the money in the event of job loss, you can't afford the car. porsches are for spare money. doesn't sound like you are in that kind of situation where you have 25k spare.
|
|
#
¿
Oct 6, 2020 18:34
|
|
|
i'm just saying if my company was actively trimming headcount at my site in the midst of a global pandemic i would probably NOT slang 20k on a toy car i waited until i had one year of expenses saved before i thought about buying a toy car and it took a lot of effort to force myself to do so, so i'm probably on the conservative end of things with spending money on poo poo i want and don't need and so that obviously is going to color my advice. but it seems like you will really regret having bought the 996 if you lose your job, and you seem to think that losing your job is somewhat likely, even more so than average right now, so therefore it's probably not a good idea. values are increasing because 10%ers are still doing fine and that's who's buying 996s. if you get laid off it probably will correlate with other economic problems which means a bunch of people who, like you, stretched to buy a 996 are gonna be trying to sell their cars. this will be good for me in the event i decide to buy a 996 but it will not be good for you, man who will need to sell his 996 to keep a roof over his head.
|
|
#
¿
Oct 6, 2020 22:10
|
|
|
|
| # ¿ May 13, 2024 17:30 |
|
|
Jymmybob posted:If you sell your other cars then technically this isn't a toy car anymore this guy gets it
|
|
#
¿
Oct 6, 2020 22:40
|
|
