The Rationalisation

For as long as I can remember I've loved Porsche's. I've still got my Porsche di-cast Model when I was a kid. I've got my giant history of Porsche book as well.

I've always dreamed of owning my own Porsche.

I've come close a couple of times but chickened out. I could have bought a 2 year old 996 about 5 years ago, but brought a new BMW M3 Cabrio instead. Mainly because I couldn't bring myself to spend close to £50k on a 2 year old car.

Whilst I loved the M3 there was always this nagging feeling that I might have missed my chance to finally own a Porsche.

I sold the M3 a year ago, mainly due to the insane running costs. It was my daily car. And got myself a nice new Audi A4 2.0 Tfsi Quatro S-Line with all the bells and whistles. It's a nice car, comfey, nice to drive, quick-ish, but hasn't really floated my boat.

So after a long hard think, and a few sums I decided to get myself a used Porsche 911 as a second car.

Why ? Seems insane right. Audi and the Porsche, and I got rid of the M3 because of the running costs !

Not really.

1. This is a second car so mileage is going to be low. So Petrol bill is going to be ok as well as tyre ware.
2. Car Tax. For the age of car I'm going for is only £260. So the tax for the Audi and the porsche is only a little bit more than I was paying on the M3.
3. Insurance. On a multi-car Policy with the Audi. they have let me have full NCD on the Porsche :-) So it's only costing me ~£120 a year to insure the Porsche.
4. Servicing. As it's low mileage it will just need an annual service ~£260.
5. Purchase price. ~£16-£17k. All of which is sitting in my offset mortgage account gathering sod all interest at the moment. Plus for the age of car I'm looking at it's taken most of the depreciation, so if I need the money I won't have lost much.

So for < £100 a month I can have my Porsche. No-brainer Really !!!

The only risk is if there are any major faults it could cost me.

So mind made up the research started on what kind of car, model, mileage, options etc I should go for.