just caught back of similar car leaving at J27
The Cryptolambo had gone to the moon... Time for Cryptolambo 2!!!
- Thread starter kindai
- Start date
just caught back of similar car leaving at J27
Soldato
As we're all chipping in some irrelevant insurance stuffs, my McLaren is £845.01 on exactly the same policy as Housey.
I am moving my cars over to Classicline.
They quoted £3300 to insure the entire fleet with track cover which I thought was pretty decent quote so am now slowly moving cars over as they expire, I was with ManningUK but they are no longer doing track cover and have doubled their prices pretty much so.
The £3300 includes 458, GT3, Exige, Spyder, Yaris, Corvette, M3, Aston.
They don't require a garage for 100k plus cars but do insist on a tracker, which is annoying as the one in the GT3 is not activated, that car is currently with Admiral until January renewal and was like £560.
They quoted £3300 to insure the entire fleet with track cover which I thought was pretty decent quote so am now slowly moving cars over as they expire, I was with ManningUK but they are no longer doing track cover and have doubled their prices pretty much so.
The £3300 includes 458, GT3, Exige, Spyder, Yaris, Corvette, M3, Aston.
They don't require a garage for 100k plus cars but do insist on a tracker, which is annoying as the one in the GT3 is not activated, that car is currently with Admiral until January renewal and was like £560.
I think maybe 150k plus is there garage requirement, as my 458 has to be in a garage now come to think of it as valued at 165k, but the GT3 valued at 110k they did not insist on garage, just a tracker. The Exige at 80k no garage or tracker required.
Wont cover
Time to clear the garage out and get it in there.
These kind of cars need specialist insurance really, if my 458 was with Admiral I'd have had a fight on my hands to get my windscreen replaced as a few Ferrari owners have fallen foul of Admirals small print regarding windscreen cover as a new windscreen in the 458 was like £3800 and Admiral will refuse to cover either completely or pay upto £1000 of the bill. ManningUK has reimbursed me the £3800 within 24hrs of paying, that is a good insurer.
Also track cover is a must if your doing track days which you do, just in case you throw it at the scenery or someone takes too much a liking to your car on track, normally carries a 10% value excess but even if you have to pay 20k to get a 200k pay out its worth every penny.
Try Pace Ward if not already they were not competitive enough for me but they do have very comprehensive cover and good ratings.
Waiting on a callback with them.
NFU Mutual £5k
Yes and no, insurance is obviously tightly regulated so there are standards they all have to abide by.
The problem is, it seems the car is now in a price bracket where the pendulum of insurance swings so wildly, from "thats ok" to "are you frikkin insane?" And it seems those ones that offer the little perks and benefits are in the frikkin insane category.
Indeed, it is the lack of garage really hurting you as I suppose to insurance the risk of theft or storm damage goes up considerably, I am guessing your insuring the car at near 200k value as I suspect they are what 180-190k value wise now?
My M5 was £1000 (15k miles plus business use) then when I remembered I still had an SP30 it jumped to £1700. Didn't have time to shop around as with all the excitement of a new car I forgot to sort the insurance until we were walking into the dealer to collect... Ooops
I'll be looking in a month or so at renewals
I'll be looking in a month or so at renewals
In a really tough choice right now.
Been offered nearly £40k more than I paid for my car. By the time the zorst is removed and sold would probably be looking at £45k in the back pocket, minus expenses on the car.
That kind of profit is just insane, my brain is saying "what are you even thinking about" while my heart is saying "you love this car so much".
If I sold this, took the profit, added a bit from the banko/crypto, and a bit of finance, it puts me into ~£400k car territory quite comfortably.
Already have plans for what is next, but in the meantime do I dare to venture into Polo territory like @Housey for 6 months? An 812 is an itch that needs to be scratched, though finding one in the spec I want could take a year easily as only 1 has been on the market in 6 months.
SF90 is there as well, though the prices on these seem to be up and down like a yoyo. My thoughts was go go GT3RS or similar, but with a new GT3 on the way it could hammer the prices, so no point chopping out just to lose the value.
Whatever it is, also need to be about to chop out of it quickly in ~6 months time.
Tough decisions to be made.
Been offered nearly £40k more than I paid for my car. By the time the zorst is removed and sold would probably be looking at £45k in the back pocket, minus expenses on the car.
That kind of profit is just insane, my brain is saying "what are you even thinking about" while my heart is saying "you love this car so much".
If I sold this, took the profit, added a bit from the banko/crypto, and a bit of finance, it puts me into ~£400k car territory quite comfortably.
Already have plans for what is next, but in the meantime do I dare to venture into Polo territory like @Housey for 6 months? An 812 is an itch that needs to be scratched, though finding one in the spec I want could take a year easily as only 1 has been on the market in 6 months.
SF90 is there as well, though the prices on these seem to be up and down like a yoyo. My thoughts was go go GT3RS or similar, but with a new GT3 on the way it could hammer the prices, so no point chopping out just to lose the value.
Whatever it is, also need to be about to chop out of it quickly in ~6 months time.
Tough decisions to be made.
Sell it! Profit is profit, it is also tax free and Winter is approaching where the car would see less use and be sat outside in poor weather, potentially causing issues with the car.
Get it gone, sit on the money and bargain hard for the next car/deal.
SF90 - Don't do it, there are loads for sale and for good reason, the few people I know who have had privilege of driving one said though its mentally fast it is a very numb machine and more an experiment for Ferrari, there is a reason why values have dropped so much and will continue to drop, buying one of these will lose you 40-50k the moment you drive it out the showroom as trade is around 300k on them. Guys who have driven or owned an SF90 and driven the 296 GTB all say the same, the 296 is the better car and a lot more fun/engaging to drive and feels not really any slower, yours for 250-300k brand new depending on spec.
GT3 RS - If gen1 ONLY buy with a warranty, the engines have same issues as regular GT3 but there is no 10yr goodwill warranty, if buying gen2 RS remember they are quite a bit more harsher and values are dropping slowly on the gen2 car but gen1 values seem firm, even on the up, I personally feel they are not worth the 160-170k they are currently commanding, around 140-150k is a better buy. I can see gen2 cars back to around 180-185k over Winter, currently circa 200k down from the highs of 210-215k a few months ago for a lizard green none Weisach car, the latter is pointless by the way more a my E-peen is bigger than yours, the regular car is perfect for road and track. New GT3 won't hammer the prices as Porsche increased the base price of the GT3 to 136k plus options and rumours of another price increase coming, this if anything is why 991.1 GT3 prices have firmed up, gen2 GT3's have softened a little to around 140-150k they won't soften much more to be honest, your probably risking 10k, 20k at most and you just made 40k so your quids in, if the bubble don't burst you could even make more money.
812 - Excellent car, amazing car, feels a bit big on road but you drive an AV so no issue there, but the crazy bargain 230k cars seem all but gone, so the risk is will the current 260-270k cars drop back down towards 230k, that is the risk and no one really knows, Ferrari also have around 30k profit in the cars so the moment you buy, the buy back at trade is around 30k lower, remember that.
A well purchased Porsche GT car represents the least financial risk out of your options, they drive totally different to any other car, fit like a glove, take them anywhere and have the most comprehensive extended warranty of any brand, a safe buy I say, you should have bought mine.
Other options I'd suggest considering with low financial risk, BMW M2/M3, Porsche 981 GT4.
Like you I hate selling a car, I like to horde them but I am learning it is also good to jump in and out, try different things, especially as the days of ICE cars are potentially coming to an end, numbers and available cars on the market potentially reducing as people with similar mindsets buy them all up. If you can try cars without financial hit or minimal risk, I say do it, we only have one life so YOLO and enjoy.
What I will say the GT3 is one hell of a car, I literally will take mine anywhere never fear taking it down narrow B roads, easy to judge, not to big, great warranty and a very engaging and fun drive.
Get it gone, sit on the money and bargain hard for the next car/deal.
SF90 - Don't do it, there are loads for sale and for good reason, the few people I know who have had privilege of driving one said though its mentally fast it is a very numb machine and more an experiment for Ferrari, there is a reason why values have dropped so much and will continue to drop, buying one of these will lose you 40-50k the moment you drive it out the showroom as trade is around 300k on them. Guys who have driven or owned an SF90 and driven the 296 GTB all say the same, the 296 is the better car and a lot more fun/engaging to drive and feels not really any slower, yours for 250-300k brand new depending on spec.
GT3 RS - If gen1 ONLY buy with a warranty, the engines have same issues as regular GT3 but there is no 10yr goodwill warranty, if buying gen2 RS remember they are quite a bit more harsher and values are dropping slowly on the gen2 car but gen1 values seem firm, even on the up, I personally feel they are not worth the 160-170k they are currently commanding, around 140-150k is a better buy. I can see gen2 cars back to around 180-185k over Winter, currently circa 200k down from the highs of 210-215k a few months ago for a lizard green none Weisach car, the latter is pointless by the way more a my E-peen is bigger than yours, the regular car is perfect for road and track. New GT3 won't hammer the prices as Porsche increased the base price of the GT3 to 136k plus options and rumours of another price increase coming, this if anything is why 991.1 GT3 prices have firmed up, gen2 GT3's have softened a little to around 140-150k they won't soften much more to be honest, your probably risking 10k, 20k at most and you just made 40k so your quids in, if the bubble don't burst you could even make more money.
812 - Excellent car, amazing car, feels a bit big on road but you drive an AV so no issue there, but the crazy bargain 230k cars seem all but gone, so the risk is will the current 260-270k cars drop back down towards 230k, that is the risk and no one really knows, Ferrari also have around 30k profit in the cars so the moment you buy, the buy back at trade is around 30k lower, remember that.
A well purchased Porsche GT car represents the least financial risk out of your options, they drive totally different to any other car, fit like a glove, take them anywhere and have the most comprehensive extended warranty of any brand, a safe buy I say, you should have bought mine.
Other options I'd suggest considering with low financial risk, BMW M2/M3, Porsche 981 GT4.
Like you I hate selling a car, I like to horde them but I am learning it is also good to jump in and out, try different things, especially as the days of ICE cars are potentially coming to an end, numbers and available cars on the market potentially reducing as people with similar mindsets buy them all up. If you can try cars without financial hit or minimal risk, I say do it, we only have one life so YOLO and enjoy.
What I will say the GT3 is one hell of a car, I literally will take mine anywhere never fear taking it down narrow B roads, easy to judge, not to big, great warranty and a very engaging and fun drive.
Caporegime
Sell it. Buy a garage. Fill garage with cars.
Surely the elephant in the room is the 6 month time frame. Basically something for winter, would any of the cars you've listed would you truely feel like you've explored and experienced them through the drudgery of the British winter.
Buy a Nissan GTR, still quick in poopy winter conditions and shouldn't hopefully be too bad to shift on come early next year! While minimising potential financial risk?
Buy a Nissan GTR, still quick in poopy winter conditions and shouldn't hopefully be too bad to shift on come early next year! While minimising potential financial risk?
Did you miss the bit where he has a Section 59?
Providing he doesn't redline the Polo out of Morrisons, a 6 month hiatus in a small hatchback will probably do him good
Did you miss the bit where he has a Section 59?
Providing he doesn't redline the Polo out of Morrisons, a 6 month hiatus in a small hatchback will probably do him good
GR Yaris, rev it has hard as you like all day long, no one is hearing it.
Do this. I know everyone is different but I'd far rather stick money into getting a place with a decent double garage, large driveway etc. and let the bonkers cars follow.