Porsche affordability

[ChrisW.]

I appreciate that all companies are having to increase prices, but was is happening to Porsche affordability ?

Are Porsche and their OPC's becoming more "expensive" ?

Given that a very high percentage of Porsche cars were purchased on finance, what is the effect of the current budget on these costs ?
From the finance perspective, this is the news on the street ...



Liz Truss is in there somewhere ....

[guyvert1]

Replace <Porsche> with any manufacturer ?

[1606ian]

Affordability will get much more difficult after April 2025, not thanks to Porsche but to HM Government’s first year car tax rates.

[ChrisW.]

guyvert1 said:

Replace <Porsche> with any manufacturer ?

You could ... but others are offering discounted finance costs, and I'm guessing that other new car and servicing costs have not risen as quickly as Porsche rates appear to have done ...

Hence my question ? And if they have, are all new cars starting to price themselves out of the market ? Or not ??

Hence my question.

As for finance, I know that for a time Porsche were obliging customers to use Porsche (VW) Finance in which respect this is interesting:

https://www.theguardian.com/business/2024/oct/30/l...

Edited by ChrisW. on Thursday 31st October 15:34

[Discombobulate]

Have they really become any less affordable?
My 993 C2 coupe (metallic with sports seats, otherwise standard spec) was just over 60k in 1996. That's £118k in today's money - for a base 911.
My 1989 3.2 coupe was £41k in 1989, which is £108k today.
I don't know what my 2.2s cost in 1970 but I bet it would be more a lot expensive that both the 993 and 3.2 allowing for inflation.
All my cars were pretty basic spec and far fewer expensive options on offer than we have today. But base 911s have been well over a 100k in the past.
So not dissimilar to today.

PS sorry to be an inflation bore

[ChrisW.]

Great feedback ... I bought a 924 for £9000 at a time when my Barratts semi was worth £18000 .... so maybe they aren't becoming less affordable.

Maybe it's just that Porsche need to sell a lot more .... ??

[Discombobulate]

ChrisW. said:

Great feedback ... I bought a 924 for £9000 at a time when my Barratts semi was worth £18000 .... so maybe they aren't becoming less affordable.

Maybe it's just that Porsche need to sell a lot more .... ??

Now if only I had kept the 2.2s....

[av185]

Don't think they are becoming more unaffordable tbh.

Someone mentioned this about the new Carrera T now at £111k which was £85k in 2018. Same increase on the 991.2 GT3 £111k price in 2018 now £146500 (992.1).

Rises exactly follow inflation. Factor in more equipment (rws standard on new T unfortunately previously a £2k+ option, better brakes and gearbox) and if anything these two examples are actually now cheaper ££ in real terms.

[ChrisW.]

Agreed ... although many items are now much cheaper than they used to be.

I can remember buying an electric refrigerator and paying on instalments from the British Gas shop ...

[av185]

The other thing to consider is the cost of other new far more mundane cars.

How about £44500 for a new Astra?

£65k ish for a GR Yaris?

Or ££way too much for a new M3/4/5?

[Discombobulate]

av185 said:

The other thing to consider is the cost of other new far more mundane cars.

How about £44500 for a new Astra?

£65k ish for a GR Yaris?

Or ££way too much for a new M3/4/5?

Absolutely. I also had a 1995 3.8 M5 (great car) which would be £88k in today's money. Current version starts at £112k (but who pays list for a BMW these days?).

[guyvert1]

ChrisW. said:

You could ... but others are offering discounted finance costs, and I'm guessing that other new car and servicing costs have not risen as quickly as Porsche rates appear to have done ...

Hence my question ? And if they have, are all new cars starting to price themselves out of the market ? Or not ??

Hence my question.

As for finance, I know that for a time Porsche were obliging customers to use Porsche (VW) Finance in which respect this is interesting:

https://www.theguardian.com/business/2024/oct/30/l...

Edited by ChrisW. on Thursday 31st October 15:34

Need more info, who are 'others' ?

I would say Porsche Finance/servicing are in line with most of the high end brands. Yes they've gone up, but so has everything.

[Cheib]

Affordability is all about the monthlies.

Macan 4 EV with a bit of spec is £1500 a month on PCP 10k miles a year with a circa 10% deposit. Only way I would buy an EV is if I don’t have the residual risk…

From what I read on here that was about £1000 for a Taycan.

Interest rates are up and residuals are very much down so Porsche’s are very much less affordable for the people that buy through PCP. Most other manufacturers are subsidising finance rates. Porsche sales down 30% odd % this year…BMW up a similar amount.

[ChrisW.]

av185 said:

The other thing to consider is the cost of other new far more mundane cars.

How about £44500 for a new Astra?

£65k ish for a GR Yaris?

Or ££way too much for a new M3/4/5?

[ChrisW.]

guyvert1 said:

ChrisW. said:

You could ... but others are offering discounted finance costs, and I'm guessing that other new car and servicing costs have not risen as quickly as Porsche rates appear to have done ...

Hence my question ? And if they have, are all new cars starting to price themselves out of the market ? Or not ??

Hence my question.

As for finance, I know that for a time Porsche were obliging customers to use Porsche (VW) Finance in which respect this is interesting:

https://www.theguardian.com/business/2024/oct/30/l...

Edited by ChrisW. on Thursday 31st October 15:34

Need more info, who are 'others' ?

I would say Porsche Finance/servicing are in line with most of the high end brands. Yes they've gone up, but so has everything.

[Discombobulate]

Cheib said:

Affordability is all about the monthlies.

But, going back to the eighties and nineties in my example. Interest rates were higher, depreciation was equal to or higher than today (for many cars), and monthlies (HP) were much the same as they are today.
One thing that has changed is that a) we are used to low interest rates over last 2 decades (until recently) and b) the arrival of PCP has seen people raise their expectations in terms of what sits on their drive. And I include myself..


PS Porsches, any model, were a comparatively rare sight in the 80s and 90s (outside the City of London). Not these days.

Edited by Discombobulate on Thursday 31st October 18:46

Edited by Discombobulate on Thursday 31st October 18:50

[1606ian]

Affordability will get much more difficult after April 2025, not thanks to Porsche but to HM Government’s first year car tax rates.

[GT4P]

ChrisW. said:

Yep AV185 talking crap again a new GR Yaris is struggling to sell for overs at £45k * otr costs .
All I can say is imo going forward is there is going to be a lot of discounts around as per now on a new 911 !!!!
15-17% is easily obtainable on a new 992.1 so there is no reason why 5-6 % can’t be had on a new 992.2!

[av185]

GT4P said:

ChrisW. said:

Yep AV185 talking crap again a new GR Yaris is struggling to sell for overs at £45k * otr costs .
All I can say is imo going forward is there is going to be a lot of discounts around as per now on a new 911 !!!!
15-17% is easily obtainable on a new 992.1 so there is no reason why 5-6 % can’t be had on a new 992.2!

I said £65k ish you muppet.

So you are claiming Toyotas official list price is wrong lol.

Any links to the 15 to 17% and 5 to 6%.....or have you just made that up as usual.