Why I Can But Wont Buy A Cayman GT4! *Porsche 718 Cayman GT4* 

Thank you so much 🙌

i'm in the same position, have 60k set aside, could buy a cayman gt4 wich is my dream car, but will make a payment in my mortgage (currently owe the bank 90k) maybe in 10 years or less i will buy one.

I second these comments. I’m as much a petrolhead as anybody else but being financially sensible and secure is even more important. I watch many of the main motoring RU-vidrs inviting and supporting companies that offer car finance and I find this shocking. I appreciate the vast majority of car owners spending this amount of money on a car tend to finance their purchase. But I’m also sure those owners have personal assets that protect them from any risk to their lifestyle. I personally believe car RU-vidrs should be responsible enough to not be promoting getting into this type of debt. I’m 51 and decided to buy a 2018 Golf R last year as I was able to fund the purchase with a px and some savings so I was lucky enough to be able to purchase the car outright. Cost me £28k and I considered that it gave me the best bangs per buck and would not impact my lifestyle which includes having a family, mortgage, saving for my kid and trying best to contribute into a pension that can afford me some kind of life when I open the door to the promised land of retirement! So yes, please be sensible when buying a car. And don’t get into debt when buying it as can be a huge drain on your wealth.

@@kencheng2197 18' Golf R...great choice! Also my affordable sports pick in that price range.

Chasing Crypto bubbles is just greed not a conscience

Great comment thank you! Yep it’s defo a balance and picking the right cars that don’t tank with depreciation is something more people should do

Fucking words to live by right here. Plan for tomorrow but live like there's no tomorrow.

Thank you so much buddy

right cars at right price are break even or even positive..... Gt3 bought last year I am pretty positive on equity.

Instablaster.

@@nebeachbum gt3 is completely different story... it's pretty impossible to get an allocation and the fact random ppl are flipping them for profits isn't making it any easier

@@k.w5804 Agreed; patience will be rewarded.

Thank you so much dude

Haha yep you know me 😂

Thank you so much Peter

Yep defo mate. Each situation is unique to an individual. I’m just sharing my own and trying to make people aware that is youtubers are not all made of money and buying the latest and greatest all the time just makes us poorer unless a channel is so large that the ROI from ad Rev from the car offsets the cost of running it

Amazon are defo a good solid investment

Thank you mate. I don’t think it gets talked about enough and social media nowadays is just a way for people to become poorer as they feel the “need” then instant gratification and it may look good on socials and may make you happy short term but not necessarily in the long term

Thanks buddy!

Thanks Nick!

Thank you

Thank you mate

Thanks dude! I bet that was fun! Lol

Would love a GT3. Haven’t driven the 997 GT3 so would need to do a bit of a comparison before I could compare

It’s a little harsh yeah but defo manageable. I prefer the GT4 personally just for the styling. But a GTS is a great car non the less

Fine to be fair water runs right off it lol

Thanks Pete. Absolutely, nothing goes up in a straight line 🙌

This is what I was going to say, it’s clear that the additional power and stiffer set up isn’t useable on the road, but I guess when you want something like this it’s not only for the way it drives.

Thank you so much

Did u?

🙌🙌

Thank you so much!

Yeah man. Just got to be patient which most of us struggle with lol

That’s the one mate 👏

Thank you so much mate. Great fun cars and affordable to run!

Cheers buddy!

Brilliant car for the money. Well UK money that is lol

Thank you for watching! Yeah I think Tesla had run up pretty high for it’s current earnings but I’m confident with its auto business, close to unlocking full self driving, energy/battery business starting to pick up and generally at the early stages of the EV S curve adoption there’s still room for exponential growth for the company over the next few years. Agree on an incoming correction too but with all the money printing going on and terribly low interest rates the markets is where most are going to hedge against inflation so it’s pushing equities higher. But the s&p has run very far since March lol

yeah agreed Stef and we will limey see some dollar strength coming and Silver the next one to run higher. I buy the physical kind so like Bitcoin it’s a loner term investment. Keep safe and it would nice to see a longer video on the Porsche network murky dealings. Damian from CarGuys did a very good piece so would be good to get your thoughts.

They are amazing seats. Maybe because I had to keep getting in and out to film the video my back hurt lol not something a normal GT4 owner would do lol

Don’t get the carbon seats you’ll regret it and you’ll grow tired of getting in and out of the car. You’ll want to sell the car. Don’t listen to this guy unless you constantly track your car you’ll regret getting those seats.

@@PrettyBird23 Done 6+ hour road trips and rallies with the seats homie they never bugged me one bit.

@@vincent.trommer if you plan on garaging it and mainly having it for track days then yeah get the carbon seats. If you actually drive the car regularly like to the grocery store etc then you’ll want the normal seats. I have the 18 way in mine only cause i learned the hard way.

🙌🙌

Thanks dude

Yeah it’s a tough one. The 10% is if you want to aggressively invest / build wealth many people do 15% and still build for the future. Mortage is a tough one but I would say as much as you can in the early years to tackle the principle whilst interest rates are low. I leave enough each month to live on. Then I overpay and invest. Will be moving to scaling investment down in a bit and then over pay more. Overpaying the Mortage is a guaranteed return where investing has risk.

@@StefABtv agreed, at the moment I see paying more into my pension is the best investment for me as it’s salary sacrifice, so assuming it breaks even that’s 42% straight away in tax and national insurance savings. After that, I was going to say overpaying the mortgage is a good one for zero risk and as it’s long term it can save you a lot in interest. Mine only has 14 year to go and fixed for another 9 so I’m reasonably confident I could pay it off by just after the end of the fixed period. We’ve looked at moving to a nicer area to invest in a more valuable house but can’t find anything that’s a worthwhile swap at the moment. Think wife and kids seem very content where they are so does that open the door for a fancy car?!?! I don’t think I could ever bring myself to pay north of £50k on a car though.

Haha yeah you sound like you are a good place mate. Buying a nice car at 50k with a decent deposit will cost you low monthly payments with a good future value on the car. If the asset doesn’t depreciate much you can enjoy the car for a small monthly if you keep millage reasonable. My position is the mortgage is still very new and chunky so need to chop that down first before with my disposable income before pulling the trigger on a car with a monthly payment attached to it. It will happen eventually though lol

Mental car mate

😂😂 haha yep! Wait for the next video!!! Snow.....

😂😂😂

Agree mate. I’ve been in Tesla a while so up significantly on my original position. I will diversify soon but for now still see upside in Tesla although all my investments are very volatile. I tend to not check them regularly lol

I like them :)

Can see your logic but there could be quite a few reasons and lots of factors to consider. You might not have any equity in the house, the rate might go up if you borrow more against it as the loan to value will change, if you pay it over a long period it will cost you more in interest, you might not want to keep the car for long etc.

Cheers buddy! Haha yeah will need to take a look at cardano!

Agree. May be the last pure cars to be made with the new world of electric cars fast approaching

What depreciation?

@@StefABtv EV’s won’t be around for long I don’t think Stef. They’re just a stop gap until an alternative fuel system either bio fuel or hydrogen takes over. Which is just as well lol. EV’s may still be the thing to go for in high density urban cities for small vehicles in the future though. Although this is more likely relevant for light public transport rather than for personal vehicles. Thanks for the entertaining content, and watch out for that black ice haha

@@overspecced haha yeah they haven’t dropped much yet but they will.

I'm watching this in July 2022. 981 GT4 are now averaging £74k on autotrader whereas Stef in the video was talking of low £60k back in Jan 2021. So def no dpreciation.

I really like the 987 cayman. My dad has one over in spain and it’s brilliant

Absolutely

🙌🙌

Haha defo need one of these cars. Just need the right time to buy 😂

Incredible cars!

I’m not sure that’s true to be honest. If allocation is sold I wouldn’t be able to take someone else’s slot. That wouldn’t be fair and nor would I expect that kind of treatment. But I completely see where your thought process is

@@StefABtv Stef the proof to this would be for you to ask. Lets face it all of the production is NOT already allocated. Porsche said that the 718 GT4 & Spyder were production cars and NOT limited run models. I could write a book about my efforts to buy a 981 GT4 and the corruption at the dealers and Porsche GB, Auto Express wrote several articles on it using my information, take a look it is still on line. I could walk in my local dealers and write a cheque for the full cost of any of the 'halo' models but I won't because they treated me so badly, they ate cheating liars and profiteers so I will never ever buy a Porsche.

😂😂 thanks for watching man

Thanks buddy!

Exactly what i would ask myself the day ill swap my GTI Clubsport! if that will ever happen...

Yeah I think the RS will hit the 718 a touch! Can’t wait to see the RS in the metal! Looks incredible in the pictures/videos

Will be filming a Taycan soon mate

Yep yep!!

What’s a 695?

@@PrettyBird23 fiat Abarth

I think we all have mate. It’s whether you realised it for longer term financial impact lol

To be fair the tyres didn’t have much heat in them it was 2 degrees outside and early morning not a lot of movement on the roads so defo traction would be a challenge lol

Presumably on Cup 2s?

Yep finance on a GT4 is much better than on most cars. I did that with the 4C and the monthly’s were £280 a month because of the GFV

@@StefABtv that’s good. As long as you have equity in the car at the end of the agreement and can use that for the next car then all good and obviously as you stated, having payments that are more than within your own means.

Mate really appreciate this comment. You are bang on with diversification. I’m fortunately to have seen a lot of upside from Tesla and I think it’s stretched a bit too far for its current earnings but still see upside potential in the next few years with two new factories, the hatchback car and growth from its energy business. Defo want to get into value but still think they are a few quarters away from seeing a change in their earnings due to the pandemic. Definitely a lot of beaten down value blue chips out there that will get some of my money soon. If Tesla heads up to $1000 in the next few months I will pull some out as that’s far too high for the current business revenue. But also see us so early on the S curve for ev adoption. Agree on the competition but they are still a while away to deliver range/cost to the consumer. Have my eyes on amazon as a long term play too and eventually aviation in a year or so when demand picks up again.

Agreed with everything you said. I'm curious to see how NIO and XPEV will look in the upcoming years. Both have some great promise as companies and as long term holds.

@@StefABtv We're all waiting for that Amazon stock split 😅.

Did you?

@@Jay-xr3sb GT4 is in the garage now

@@koruki I mean the tesla stock

@@Jay-xr3sb I did not lol. Should have could have. Still long hold

@@koruki still, congrats on the GT4, most didn't get that far

Haha yep for sure but my videos would be boring for you guys if I had a light food ;) 😂

Yeah it’s stunning! Defo a deep pocket purchase though

@@StefABtv its in the same price bracket with the m2 cs i guess really and that would be a good comparison, but maybe the GTS which is around 50k is a better choice, slightly more refined and still got the same engine...

Shame as I’m going to get one on the channel soon

That too lol but I would look for a 981

It’s a lot of car for sure!

That’s awesome dude! Really good advice and pleased its gone really well for you!

@@StefABtv everyone makes different life choices but not being in debt (mortgages excepted) is the shortest path to wealth. I did watch some of your videos so don’t get rid of your dog 🐶 😁 but by making sensible financial decisions while you’re young will pave the way for a less stress free life in the future. All the best with your channel - keep up the great work 👍😎 you’ll get your GT4 soon enough but make it a 981!

Will help with the long gears to an extent

Me too!

Haha yep you are right. It’s a lot more than people think. That’s why getting stuck in large finance deals on cars won’t help you retire any earlier

I will be diversifying in the longer term but I still see upside in both. Yep more risky but more rewarding if it plays out. Then I will diversify more when the time is right

Would be fine on PS4’s I think

@@StefABtv but it clearly isn't. So not fine

😂😂😂

To be fair they are already starting a correction but I’ve had Tesla since $200 post split price and been building up since. Defo think a correction is due but think there’s still potential for it to run this year. Agree on a 997 gt3 rs though

Thanks man

Haha yep! We’ve all got the itch!

@@StefABtv yep I know 😡😥

I'm not sure you're looking down the right end of the telescope. I think this 4.0ltr engine, in fact these cars (GTS 4.0Ltr, GT4 4.0ltr and soon to be GT4 RS 4.0ltr) are likely to be the last hurrah for Porsche (especially as they're developing and launching a 911 beating GT4 RS). Most manufacturers are reducing their engine sizes and either coupling them with electricity or turbos, even Porsche have reduced the engine size and added turbos to the 991/992! Further still, manufacturers are dropping manual gearboxes in favour for more economic (eco friendly) auto/pdk boxes. All this leads me to think that the GTS, GT4 and GT4 RS will be very much sort after in a few years as people realise they were the last and crucially the very best of N/A engine sports cars.

Some good points from both you and Tim here