Sub 20k bit of fun.

GhostWKD said:
Exactly the same thought as me.

I started to think what i'd have for £20k and am now genuinely pondering how to convince the better half that it'd be worth selling both my cars for a Lotus Esprit...
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Further to the above;

http://www.pistonheads.com/classifi...sprit-v8-twin-turbo/2094633?isexperiment=true

1 of those please :)

Edit: appreciate this is pretty much off topic as the only similarity between the OP and my post is the budget, slightly different cars for slightly different audiences :D

Edit #2: Realising how I'm actually now contemplating the best way to go about this!!!
 
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So many options!!

Given this budget is personally be hard pressed not to buy a Porsche. I'm in love with the 996 C4S, but they're a bit older now and a newer boxster would probably be as fast and potentially more reliable.

TVR Tuscan or at a stretch a T350 would be the braver option if I wasn't doing many miles.

Unfortunately the S2000 is so good that I can't see me replacing it for quite a while! Is also look into one in the OP's situation if insurance was reasonable.
 
The Fiesta ST is a brilliant car, but I agree it can be bought new and nicely speced under 20k easily.
 
Are running costs a factor. How many miles do you do a year?

People seem to be suggesting all sorts of things but if running costs will be a factor the new Fiesta St/Cooper S is probably more sensible.

As I am looking at getting a new Fiesta ST myself I have looked into it and it will be cheap as chips to run. 47mpg combined, £125 a year to tax, not a very outrageous insurance group, servicing will be cheap, all in warranty, warranty can be extended to 5 years or 100k miles for £240 when bought new. Factor in you can get an ST-3 for £16.2k from drive the deal and its a real bargain. Also, remember the mountune upgrade for 215bhp, and 320Nm of torque for £599. You still get to keep your ford warranty as well!

Old Porsche's e.t.c will cost hugely more a year to run on fuel, tax, warranty, servicing and possibly insurance. If you do a decent amount of miles the running costs could be thousands more per year.

However, if you don't do many miles and running costs aren't an issue then I would definitely get something used and more exotic.
 
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Jono8 said:
Old Porsche's e.t.c will cost hugely more a year to run on fuel, tax, warranty, servicing and possibly insurance. If you do a decent amount of miles the running costs could be thousands more per year.
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A 2000 911 Turbo will cost a mental amount to run true, but £13k-£15k gets you an amazing 2007 Boxster S that you can get a warranty for and lock your running costs in. Mine has not cost me a penny outside of the known costs for the 3 years I've owned it (and generally it's actually been stupidly cheap to run).
 
Peerzy said:
A 2000 911 Turbo will cost a mental amount to run true, but £13k-£15k gets you an amazing 2007 Boxster S that you can get a warranty for and lock your running costs in. Mine has not cost me a penny outside of the known costs for the 3 years I've owned it (and generally it's actually been stupidly cheap to run).
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But how much does the warranty cost ( nearly a grand isn't it?). What if he is doing over 10k miles a year in it? Servicing will be more, tyres will be more, insurance will be more, tax will be more.

A new Fiesta ST will cost a huge amount less to run when compared with a 7 year old Boxster....

If running costs don't matter to him and he doesn't do many miles then I agree, he should get a Boxster or something else more interesting than a hot hatch (and so would I) but you are talking thousands more a year in running costs.
 
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Jono8 said:
But how much does the warranty cost ( nearly a grand isn't it?). What if he is doing over 10k miles a year in it? Servicing will be more, tyres will be more, insurance will be more, tax will be more.
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Warranty is about £800 per year or 2 years cost me £1.3k I think.

Servicing is every 2 years or 20k.

It'll be a lot cheaper than a newish Fiesta ST.

He can have a relatively new hot hatch or a Porsche Boxster S with a 3.4l engine and the total cost of ownership (including purchase price) over a couple of years would be £20k for both.

Boxster has higher running costs but is much cheaper to buy, I know what I'd rather have.
 
Peerzy said:
Warranty is about £800 per year or 2 years cost me £1.3k I think.

Servicing is every 2 years or 20k.

It'll be a lot cheaper than a newish Fiesta ST.

He can have a relatively new hot hatch or a Porsche Boxster S with a 3.4l engine and the total cost of ownership (including purchase price) over a couple of years would be £20k for both.

Boxster has higher running costs but is much cheaper to buy, I know what I'd rather have.
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What if he wants to keep it for more than a couple of years?

You cant get a Porsche warranty when it is over 9 years according to their website so in less than 2 years you wont be able to get a good warranty for it. Then the big bills might start.

Just the tax alone is £350 a year cheaper! Fuel alone if he is doing over 10k miles will probably be near a £1000 saving,

That's over £2000 a year just based on fuel, tax and the warranty.

Then take into account more expensive tyres, service parts (brakes e.t.c), insurance (group 45 compared with 30) and you are talking probably the best part of £3000+ a year on running costs.

yes you may suffer depreciation a bit more on the Fiesta ST but at least you can keep that for 5+years and it will still be cheap to run. You keep a 2007 Boxster S for 5+ years and it will cost you a LOT more.
 
Jono8 said:
What if he wants to keep it for more than a couple of years?

You cant get a Porsche warranty when it is over 9 years according to their website so in less than 2 years you wont be able to get a good warranty for it. Then the big bills might start.

Just the tax alone is £350 a year cheaper! Fuel alone if he is doing over 10k miles will probably be near a £1000 saving,

That's over £2000 a year just based on fuel, tax and the warranty.

Then take into account more expensive tyres, service parts (brakes e.t.c), insurance (group 45 compared with 30) and you are talking probably the best part of £3000+ a year on running costs.

yes you may suffer depreciation a bit more on the Fiesta ST but at least you can keep that for 5+years and it will still be cheap to run. You keep a 2007 Boxster S for 5+ years and it will cost you a LOT more.
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If you include depreciation I reckon with £20k to play with the Boxster will be cheaper over any time period less than 5 years.

Boxster - £13k to buy, £7k 'spare' for extra running costs
Fiesta - £19k to buy, £1k 'spare' for extra running costs

The Boxster has a £6k head start, and will lose a hell of a lot less than the Fiesta.
 
Peerzy said:
If you include depreciation I reckon with £20k to play with the Boxster will be cheaper over any time period less than 5 years.

Boxster - £13k to buy, £7k 'spare' for extra running costs
Fiesta - £19k to buy, £1k 'spare' for extra running costs

The Boxster has a £6k head start, and will lose a hell of a lot less than the Fiesta.
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But as has been pointed out you can get a new St-3 for £16.2k.

What happens in 2 years when you can no longer get the Porsche warranty and it starts throwing up big bills?

Using that rough £3000 figure that the Porsche will cost you in extra running costs per year, you could buy another Fiesta ST after 5 years with the money you have saved...
 
MissChief said:
True it may cost a lot more but I'd wager the Boxster won't lose as much money as the ST has. Surely the Boxster will bottom out value wise soon?
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Not really. If you spend 13k on a 2007 one, you are still going to lose a couple of grand a year seen as 2004 models on autotrader are going for £7k or less...2001 cars are going for about 5-5.5k so you still have a lot to lose on the Porsche as well.
 
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Jono8 said:
What happens in 2 years when you can no longer get the Porsche warranty and it starts throwing up big bills?
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What happens in 0 years when your Fiesta is no longer brand new and it loses thousands every few months?

Jono8 said:
Not really. If you spend 13k on a 2007 one, you are still going to lose a couple of grand a year seen as 2004 models on autotrader are going for £7k or less...
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A 2004 Boxster is an older different model.
 
Peerzy said:
What happens in 0 years when your Fiesta is no longer brand new and it loses thousands every few months?



A 2004 Boxster is an older different model.
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Right ok. 2009 Fiesta titaniums are currently going for 5-5.5k on autotrader.

Taking a 2014 St-3, it is reasonable to think that it will probably be worth a bit more than that but lets say as a rough figure that in 5 years time Fiesta ST-3 is worth £6k. Depreciation then of £10k ( assuming a purchase price of £16k)

2002 Porsche Boxsters seem to be going for about 6k on autotrader. So in 5 years time, your 13k 2007 Boxster will be worth around £6k. Depreciation of £7k.

That is only £3k more depreciation from the Fiesta.

So using that £3k figure of the extra running costs per year, you would be £12k better off after 5 years with the Fiesta ST. Also, that is assuming the Porsche doesn't throw any horrible big bills when it starts to get old and cant have the Porsche warranty put with it anymore....

You can extend the warranty on the Fiesta St when new to 5 years and 100,000 miles for a one off £240 when you buy it...

I am sorry but if you are actually going to use the car a lot (i.e. do 10k+ miles a year in it) and you want to be able to keep it for a reasonable amount of time, there is no way a Boxster S is going to be cheaper or cost the same money overall when compared with a new Fiesta.

Also, what does the 2004 being a different model have to do with anything? The 2007 will be considered "an older model" at some point down the line when Porsche release new ones so I don't see how that has any merit?
 
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Jono8 said:
Right ok. 2009 Fiesta titaniums are currently going for 5-5.5k on autotrader.

Taking a 2014 St-3, it is reasonable to think that it will probably be worth a bit more than that but lets say as a rough figure that in 5 years time Fiesta ST-3 is worth £6k. Depreciation then of £10k ( assuming a purchase price of £16k)

2002 Porsche Boxsters seem to be going for about 6k on autotrader. So in 5 years time, your 13k 2007 Boxster will be worth around £6k. Depreciation of £7k.

That is only £3k more depreciation from the Fiesta.

So using that £3k figure of the extra running costs per year, you would be £12k better off after 5 years with the Fiesta ST. Also, that is assuming the Porsche doesn't throw any horrible big bills when it starts to get old and cant have the Porsche warranty put with it anymore....

You can extend the warranty on the Fiesta St when new to 5 years and 100,000 miles for a one off £240 when you buy it...

I am sorry but if you are actually going to use the car a lot (i.e. do 10k+ miles a year in it) and you want to be able to keep it for a reasonable amount of time, there is no way a Boxster S is going to be cheaper or cost the same money overall when compared with a new Fiesta.

Also, what does the 2004 being a different model have to do with anything? The 2007 will be considered "an older model" at some point down the line when Porsche release new ones so I don't see how that has any merit?
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You are comparing two current model Fiesta's with two different models of Boxster. A 2004 is worth a lot less than a 2005 because it's the old model, not because of the year.

I've said my bit, for my money he could own and run a Boxster S for little or no extra than running a Fiesta.
 
Peerzy said:
I've said my bit, for my money he could own and run a Boxster S for little or no extra than running a Fiesta.
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You are wrong :p

Even if you take the price of 6 year old shape 2008 Fiesta St's they are still going for 3.5k so yes an extra 2.5k depreciation....but that still leaves you well up over the Porsche over 5/6 years.
 
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All about deciding what you want and then using man maths to back it up...

Perfect example is a day after this thread I'm still looking at Lotus Esprit's thinking I can justify one :D
 
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