6 months with my cheap Porsche Cayenne, the true cost of ownership...
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- Опубліковано 29 кві 2024
- I've had my 2005 Porsche Cayenne for almost 6 months now and have covered some 6,500 miles in it! But what has been the true cost of ownership? More, or less than I was expecting? #itsjoel #porsche #cayenne
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I really was quite surprised at the results here! How much does it cost you to run your daily driver?
Mini Cooper S F56 does 37mpg and doesn’t cost too much to run. Always ran on premium fuel. You should buy one for the channel I’d certainly like all the videos
Daily driver is a q7 3litre tdi 😂😂😂
I have exactly the same car matie - a '56 plate so I have to pay silly road tax but yea, even in silver! Its a great car to drive & what else is there really around the £5k mark that gives you a decent petrol SUV??
On a different note, can you tell me if you get the car over-rev on a cold start (it holds in D1/D2 for ages before shifting up)??
@@shikanu9934yeah I have that when very cold, it won’t go from D1 to D2 until 3,000 rpm. I just let it do its thing and drive gently until the oil temp is at 90.
I truly believe running an old car like this necessitates DIY. It makes no sense to take it to a garage! For anything other than fuel! Honestly……a full service done yourself is circa £100 if you use good oil and oem parts. Repairing faults and preventative maintenance done yourself is a no brainer on a car purchased for 3800. I ran a 14mpg Cayenne turbo as a daily… the fuel cost was eye watering…. Loved owning it, but made no economical sense at all. I think it’s why cars like this have 10 owners by the time they are 16 years old. People move them on after the honeymoon is over. Enjoy watching you go through this thought process…. Look forward to seeing what you decide. 😊
Actually you are being hard on the car, its an 18 year old car, the £800 on wheels is not a running cost, you probably would need to replace the tyres after a couple of years so a more reasonable number might be £150 for tyre wear in 6 months. Similarly the gearbox service a good idea but not that much spread over 5 years. Annual service £500 ish.The jobs you had done were age and condition related. Perhaps the full inspection should have been done pre purchase and a keener price negotiated because of some of the issues. In reality the £5000 figure is probably nearer to £1500. The car is probably fuel aside a lot cheaper to run than you think. One thing they don't teach at school is basic finance and most people are completely at sea. They get their mortgages wrong, they finance cars they really can't afford all because they make the wrong assumptions. You can't do anything about the fuel, except stop the premium petrol which is almost certainly an unneccessary gimmick for this engine. The car itself is a reliable daily driver and with the maintenance you have already done is probably costing less than £2000 to run annually. Things will go wrong so a bit extra. With the finance option you talk about you will probably pay about £10000 in interest over the 4 yuears and suffer the depreciation unless you simply hand the car back.
Yes, in a lot of ways I much prefer this as opposed to paying interest. This is not a finance channel of course, but I/we invest several ‘average PCP’ payments per month into SIPPs and S&S ISAs, which in the long run will work out much better than putting the money into a depreciating asset.
I've probably spent 3k or more on my 2010 jeep wk but 90 percent is just Serviceable parts that at some point want doing anyway as things do want doing after 10 plus years of life so actually after all the big stuff is done actually it works out cheap to keep on top of it
Great video! I currently have a 07 XC90. I desperately want a cayenne! My Mrs says no… I’m thinking yes! Such a great looking car 👌
Get the 957 GTS 2008 - 2010. Buy one in good condition and regularly serviced. Great cars and lots of fun
Been following you since buying my 2006 z4 a few years ago. I have many sports cars and likely have similar tastes to your sporty cars, eg: s2000, Supra, miatas 2x and Mdx
I had high gas cost from Acura Mdx and recommend the BMW i3 Rex, been lots of fun and reliable. Lots of content that can be created for the car too, eg: battery health status, charging habits, rex engine usage/planning , 20” tire alternatives, carbon fiber tub, weighs similar to a Miata, is great fun.
I drive a cayenne 955 Turbo. Love this video, I had to get a calculator out to calculate my costs. I bought mine for 3k and contrary to what people said it has served me and my family well. I don't daily drive mine, I cycle mostly , it's a weekend / family/ Porsche event car. For that reason I only fill up£50 weekly. This car makes me a happy man, just looking at it on my drive gives me pleasure. Life's short, anything that gives me pleasure is worth keeping. I think you should keep yours, maybe turn it LPG if you really want to save on filling up costs.
I use my 4.5 V8 955 as a daily driver. I’m older and my insurance is around £350. My mileage per annum is also lower than yours so I don’t feel the crazy MPG that much, although it can be painful! You’ll have fuel and service costs with a car on HP so I don’t think you would see huge savings. I like the fact my old 2003 Cayenne is mine and not on HP, it’s nice being able to swap and exchange when you like but also knowing you’re not tied down to large monthly payments if circumstances change. No plans to sell mine any time soon. Although I have got my MOT coming up and I know we have a few items to sort out before then, wish me luck!
Good luck with the MOT. Mine is due soon actually, hopefully it doesn’t warrant an episode on UA-cam!
It will go Joel, you said it at the very start of your videos on this 18mpg, that's crazy and why they are cheap plus the high running costs!! Chop a few cars in maybe? Great videos as always best of luck with your next move.
Hi Joel. Those costs are about what I would expect. You bought the car at a low price then paid to bring it up to your standard. You’re doing this right. Keep it for as long as you can suffer the fuel costs. Shame you didn’t spend a bit more and buy a slightly later diesel.
I have a 15 year old Audi A4 Avant that I’ve owned from new. It’s well looked after and dependable as a result. Long term ownership is helping me to save for something special to use at the weekend.
Was that the Shell garage near Longwick? My wife’s mum lives in the Chilterns so often use that garage on the way back north.
Keep up with the great content.
Just watched this top-notch content for the 2nd or 3rd time.
My hunch is that the monthly running costs will come down (except fuel) now that you’ve done some maintenance on it.
If you get tied to the same car for 3 or 4 years on a contract it won't do anything to help your chanel, as almost nobody will follow the same car for that duration.
Your long term tests of 6-12 months are excellent. Please dont get tied into a finance deal on some shiny new ruinous heap of overly complex junk.
Love your man-math Joel! I currently have one of the later V70Rs. It's cost a LOT more than your Cayenne but mostly in discretionary spending. Best ever on a long run was 30mpg, normally get around 20-22, so don't feel so bad.
15:22 the notches in the edge of the filling cap are so you can hook it on the top of the filler door and not leave it dangling down
Great video Joel, interesting to see £800+ per month costs. I am doing a year with my Lexus LC 500 this week, so will be interesting to see those costs
The car is yours. Why take on the pressure of mega finance payments! As someone who is reaching more advanced years. I have come to realise finance always favours the finance company no matter how much we kid ourselves. It’s a beautiful Car, enjoy your Porsche!
That’s so true, why else would they do it. They lure you in with deceptive monthly amounts and when you add it all up at the end of a typical term is often equivalent to a years salary or more. Which is a criminal amount to spend on a car unless you really want to and that’s how you get your fix.
Joel: works more seamless than many other apple carplays
also Joel: 6:54
Really interesting episode Joel. I wrestled with the same decision whether to keep my trusty XC70 AWD D5 or trade up to something new. Like you, I decided to keep it as it’s been reliable and I own it out right so it just made sense to keep it after doing the ownership maths. Hopefully this video will help a few of your subscribers weigh up similar decisions 👍🏻
Good choice!
Joel, don’t be so sure that the figures would be lower on a newer car. I bought a 2015 Macan after my Cayenne was written off (by someone else I might add!), and so far the repair costs have been higher on my Macan than my Cayenne. I am up to £3k in the first year, and still have things to fix.
Good video, like you I've often done the sums for and against leasing, you can get such good deals on less desirable cars, but soon as its something you really want it zooms up. And as you say - there's a big lump upfront and also the mileage cap - plus your more worried about damage in car parks or hedges, which will all need sorting before you return it, otherwise there'll be more penalties.
Exactly, there’s many pros and cons to each option
Love your content man. Miss the Z4 though.
Solid video. It really boils down to how much you want to pay for motoring! I’m still considering an L322 or L405 but currently drive a 2018 320d and I get 50mpg out of it! Tough old game!
Yeah exactly. I could easily finance something, however that would come at the expense of investing for the future. But then I love cars, so what’s the price you put on that? These are good things to constantly reevaluate. And Range Rover ownership is a lifelong disease. So bare that in mind before you commit 😂
Thats for posting Joel. Your considerations about a newer car was interesting.
I have to agree £350 on fuel is just a bit to much, essentially its poor value for money considering you are only doing a moderate amount of milage but I can also see the advantage of keeping it now its sorted.
On the issue of borrowing, I can understand the need to lend money to buy a house but car are very different. You have proved that its possible to own a decent prestige car outright. If you need any more convincing work out how the difference between a car payment of say £600 and the equivalent over payment on your mortgage. It will shock you (not least because when making an overpayment you will be clearing debt for the life of the mortgage which is usually for 300 monthly payments)
Dont be a lemming and finance a car unless you are absolutely desperate for transport and even then consider getting a bicycle.
Take care Andy
Thanks Andy, exactly. Potentially £100,000s can be saved in interest by overpaying on a mortgage or even taking spare money you might use for a car finance payment and chucking into the S&P instead. I’m quite anti interest and so getting a mortgage was a tough pill to swallow!
As an owner of a Volvo XC90 V8, after almost a year I doubled the money I spent on buying it. Do I regret? No way, it's almost perfect with 280.000km, after rebuilding and modifying the engine now it's quicker, sounds better, suspension parts are in the boot and some gear/haldex/diff oils to be changed next week. I was about to sell it and buy ML63 AMG, but the Merc was in very poor condition, so I'm keepin' the Fast Swede 😁
Perfect Sleeper SUV. Good choice
Good on you Joel, keep it enjoy it and make memories in it. Beautiful cayenne... A simple performance panel filter and a mild exhaust mod would make it perfect 👌
I added Isudar CarPlay to my 2012 Panamera, it updated the tech to be totally modern.
Yeah these car play retrofits are very good. Porsche actually do their own too.
Good video Joel,
Had you thought of getting a switchable fuel economy remap? 1 for fun and 2 for economy 🤔
Keep up the good work, it was good to bump into you on the Tribal Porsche meet at Caffeine & Machine 😏👍🏻
Great Video 👍
Love how honest you are!
I got fed up with how much mt l322 tdv8 was costing me plus the anxiety! So it had to go. Got myself a Civic mk10 sport now and more spare money for motorbikes 😂
Sometimes peace of mind and no stress is worth more!
I had a vauxhaul Vectra 2.5 v6 I owned it for well over 10 years, it would return 19 mpg around town and about 25 / 26 on a run but I loved the way it went, so the fuel cost really didnt matter, i also used it to tow a caravan which it was more than capable of doing. We went from stoke on trent to peranporth in cornwall with the caravan on the back, I just about managed to get there on one tank of fuel I had 2 x 5 ltr cans of fuel in the boot just in case lol
Something about the older naturally aspirated engines!
My parents had one of them when I was born, apparently they go like fuck 😂
You’ve nailed it with your Cayenne if I was you I would keep it long term. Fixed term finance deals like PCPs are nasty. Best to own a car you like outright in my view.
It’s easy. Look at how happy you was in the L322….pure joy.
Happy and terrified! 😅
Great video! Or course, you should get better MPG with the 20" wheels too! And dont forget the real savings come in over the longer time frame. Drive and maintain for 2, 5, or 10 years, then work it out - chances are you will be quids in!
I’ve got the same car as you v6 same kind of spec but with air suspension, car just floats unless you sport mode it, had it for 2 years, paid just under 6 thousand with 65 thousand on the clock, just done 77 thousand now 🤔I don’t trust other people to sit in any car of mine never mind work on it, just oil changed it,oil filter,air filter,cabin filter, air con re gas, £140,
Rear hatch rams and glass rams changed(stabilis) £110
I’ll be doing a gear box(tiptronic) service next month plus front and rear diff and transfer box service for less than £200
Plus various trim piece changes (broken front and rear air vent) changed for £70
Broken rear cup holder replaced £25
Rear seat centre armrest damaged with rubbing on seat belt connector (used one sourced) £40
Broken passenger side B pillar vent changed £25 ( do have to say trims are a bit flimsy)
Plus treated myself to a xtron flagship apple play with forward and rear facing cameras, (not yet fitted) £460 other than being a bit thirsty a real good car
I think they are brilliant, especially the .2
I daily drive a 1995 Mercedes C124 E320 and reckon it is one of the best cars I've ever owed. Lot76 Cars did a review on it and I reckon It costs me less than a small hatchback to run. I'm not far away from you (I'm in Milton Keynes). Great video as always.
Amazing cars!
I’ve been happily doing small improvements and fixes on my 15 year old Mercedes E350 CGI coupe. Doing some jobs myself like brakes, coil pack replacement, aux belt/idlers/tensioner. Some jobs at a specialist (tyres, transmission service, engine mounts). I was unfortunately just hit with bill for a grand to replace most of the brake lines after one ruptured. I guess it’s what happens with old cars. I am enjoying making it a better car but I’m wondering if it’s financially sensible to keep trying to improve a £4k car. The Cayenne may make more sense though.
It’s a tricky one, and the economics of running old cars can switch on one nasty repair bill
You could buy a 2017 cayenne and still have issues like coolant hoses, transfer case problems, headlight problems and much more - you're still out of warranty and you're still paying. You've fixed the majority of the gremlins on this one - don't think that because it's newer it's AUTOMTICALLY going to cost less to upkeep. Also on the flip side jus to complicate things - it's a Porsche and they're not as reliable as a Honda or Toyota and something else is sure to go wrong over the next few months, just accept it and plan accordingly.
Get a personal loan instead of a PCP, pump the money from the cayenne into your next motor, topped up with a personal loan. That way you should always be the right side of your finances. L405 2017 should be achievable for half the outlay, £190 pa road tax and you’d own the car as well. 😉
Put a Tentbox on it and bring it up to the Llyn Peninsula in North Wales. Lovely drive up through the middle of Wales. You should consider buying a Porsche 958 diesel early 2010/11 car and see how you go with that.
Just wonder if an LPG conversion might be a possibility, I don't know much about these conversions
Seems pretty acceptable on the running cost front, for reference my 2012 W204 C63 has cost me about £1/mile on average over the last 2 years and 10k miles. That includes fuel, tax, maintenance, and repairs. I am pretty surprised how bad the Cayenne is on fuel, I average about 18mpg but can easily slip into the mid/high 20s on a run and the C63 is fast when you're on it so I don't mind the fuel bill.
Are you coming to SHEDFEST?
Running costs is only ever Total Cost of Ownership over the period of ownership (so Purchase Price - sales price + running costs over the number of months). The best thing is, excluding cosmetic mods (you can sell the wheels etc), you may find it has been quite cheap to run if you can get more for it than you've paid. I work on a basis of 10% of purchase price per year as depreciation, the rest you can calculate based on your circumstances and buying older higher spec fuel drinking vehicles is still cheaper. When my friends were your age and buying new Fords and Rovers, I was running RX-7's, more fuel (14mpg!) and higher insurance but little to no depreciation, less in total to run vs depreciation on a new car, and much more fun (smiles per mile). Life is too short to drive boring cars, so drive the best exciting ones you can for less cost.
I’ve been in a similar situation with my 4.4 petrol l322. Love the car but it spoils you. Was thinking of getting the missus into a hybrid / egolf so we cut her fuel bills and use this to fund my RR habit.
I’m at the other end of the spectrum, my 2017 BMW 330e is almost at 100,000 miles and I know I need to change it before it starts costing me serious money in repairs, but I’m still getting 54mpg and everything else I look at will cost me more in petrol!!!
Keep it for two years remember you don’t own lease car.
My 330e gets 55mpg on a run but if it is not changed and I am doing the morning run dropping of children and going to work (30mins -40mins approx drive) I only get 20-21mpg. If I drop it into sports mode I only get high teens. Basically you need to charge it for short trips.
Love the videos as usual (even if I’m sad you sold the TT MK1!) but I personally think £800 is crazy bad for this.
Do you need such a big daily driver/will you make the money back on repairing it?
It’s like you said there’s more out there for this money a month.
Jag F Type - £18k ? Or why not go back to a TT but the MK2? Or MK3? OR Audi Q5 (£5k) or Q6 (£8k) Or change it up completely and go smaller - get an Abarth? (£4K) 😀
So much choice - if you come up with ideas - put it to a vote if that helps 👍
That’s a bargain, mine cost me over £6500 in six months just on servicing. 🔥💸
Oh wow!
@@itsjoel yeah it didn’t really go as I hoped 😂
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What on ?
@@Taylor40667 timing chain, new intercooler, other servicing. Videos are on the channel.
Great vid Joel! Good analytics too.... If you want to be economical buy a Toyota Yaris or something. Not.
Been looking at Cayenne's now for over a month! Trying to find the right one at the right price.
Hi Joel very scary figures lol, me and the wife drive a Hyundia Kona don't laugh. We average 60 to 65 mpg in warm weather and 50 to 55 in winter so petrol costs not bad. The price of the car a bit uppy but we are over 60's and like the economy of it. Would you consider one LOL.
I drive a 957 turbo S which I spend around £300 per month on fuel. Tax is about £45 and insurance is around £35. No further costs but I have recently changed headlights and ballasts £3200, discs and brakes plus a new front calliper £900 for d&p £1600 for the calliper. It’s had a transmission fluid and oil change for which I provided the consumables and the labour was around £200. Aside from the oil change these were one off payments. I had already done plugs and coil packs myself. I would have done all the work myself but due to major surgeries I wasn’t able.
You should expect to become a regular customer of Design 911. You will need to clean your roof drains which you can do from the bottom with a £6 trombone cleaner otherwise you will get a puddle in your spare wheel well. I had to buy a replacement Bose sub enclosure and amp as mine was completely rusted (the amp and speaker) that was about £250. Other than that no issues but those faults are quite common, leaky headlights blocked drains and obviously d&p are a consumable item. I always use Brembo for d&p.
I think it's a much better choice than buying or PCPing a newer second hand car.
I bought a BMW 540 just under two years ago for £33k. It's been fairly expensive to run (tyres 250 each minimum, petrol at 28mpg max and insurance at over 1500 a year).
When I factor in the depreciation of around £6000 per year it's pretty eye watering. I'd take your Cayenne given the option again.
I enjoy
Same position- want a Cayenne but have a Q7, selling at trade for the Q7 I'd lose quite a bit for what is essentially the same car.
Keep it, especially accounting for what you've done. Maybe a diff bearing coming up but still is cheap as chips compared to a new/er car.
Your Volvo would be more economical (33mpg) more comfortable and abit cheaper to run. Also, learn how to do basic maintenance on your car/s. You will save a fortune changing your own oil and filters
Driving in Bulgaria, A4 B5 1.9 TDI, £237 per year for all country taxes,insurance,mot,road taxes. Doing around 620 miles per month, the fuel cost for month is £70. Cheers.
Are you serious? That’s cheap, the uk tax bands are now criminally high on the top end
@@astongrad930 yes Im serious, but have in mind here minimum wage is £2.44 compared to your £11.44 :)
@@KirilPetrov472 blimey, that’s super expensive relatively speaking.
Hi Joel, The longer you run it, the cheaper it will get as you solve the gremlins and the value rises. However if you want to offload it, Why not do a 99p raffle?
Keep the car and enjoy it
Used to run high mileage 540i V8's for 25k miles a year, £600 a month on fuel alone! When you thing about finance costs, always remember that they are effectively the same as your depreciation. Your £850 per month is £400 per month running costs, depreciation £very little, fuel £400 per month. Changing to a financed car at £800+ per month = depreciation, maybe half the fuel cost £200, and then the running costs £300 per month so in total, much much more!!
Put a LPG fuel system in it and half the price in monthly fuel bill 😅
Cars/Vans I have driven in the past with both native and converted LPG fuel systems appear to be a bit of a false economy, although it could just be the efficiency of the ones I have used. Yes, LPG costs half as much, but I only get half as far on it too, which made it the same cost as using the petrol/diesel. Perhaps it was a tiny bit more efficient, but certainly not enough to make it worth covering the cost of conversion.
You will still have maintenance cost on the financed car on top of the monthly payments. Also the monthly cost on the porsche will get lower the more you keep it (if nothing breaks on it ofcourse).
Do you think a v8 version would be any worse on fuel consumption. For a v6 that is quite bad
I think the difference would be negligible, however the power increase would be noticeable. I know the V6 is generally more reliable though, and this one has been…
My v8 turbo s was 14mpg real world.
My car ownership costs as a new driver in a 2016 Seat Ibiza TSI - Fuel 40mpg, roughly 16p per mile. Maintenance so far of only a yearly service £200. Tax £35 per year. The real kicker, £2500 insurance. Total 38p per mile over 12,500 miles. Although, I only do around 5000. I look forward to having 20mpg in a big V8 when insurance isn't an issue!
I am driving same cayenne with same engine and color for last 6 years. Beautiful car reliable. I bay few days ago 2019 cayenne turbo 4 litter engine 540hp but i am keeping 955 also
Interesting and grate video.
I think you’re looking at it a bit wrong only over 6 months with what you have done you need to look at it over longer term. For its age the engine is prob bit under powered so lower mpg but not as bad as expected for such a big heavy car. . Don’t think you should include the wheels triers. maybe even the service stuff. Maybe over a year for routine service. Not the extra bits you need to look at them long term over a few year.
I tend to say there is a fussy logic there. For instance you don't swap tires and wheels every month, and this is also true for the transmission service.or other minor repairs. If you like you could add the repairs to the acquired cost, then cost average between services (and insurance cycles) to derive the monthly cost. I will say that the fuel consumption is ok. Nothing good or bad, just typical V6 mpg. I have 958 V8 aspirated engine. Driving around town she does 15 mpg. She does better if cruise control is used and keep the speed at 65mpg. In this case 18 mpg.
I do all the maintainence myself saving some labor cost but the spare parts are still for a $90k car. I keep the V8 because i only add 6k miles a year. For daily driver i take other cars.
I have one but mine is the turbo and it's Green which I love. I know what you mean I do the same look back at it when I park up lol. My radio doesn't work you don't need it. I listen to my V8 when I am driving that is music to my ears. 😊 I get 26 mpg if I take it nice and easy. My insurance is cheap to 25 pounds each month. Spending 500 ish on petrol each month. But who cares haha 😆. I had mine for about 2 yrs. I drive it everywhere and yes I am anul too with service and totally get it you have to be. Design 911 call them for parts they have good prices.
I really wish mine was a turbo right now. All that extra power and lovely options, but the ability to get the same if not slightly better fuel economy.
Wifes diesel Rav4 over 12000 miles all in around 2700 , but needs tyres but includes dealer servicing.. 2yr diesel mild hybrid Sportage all in about 2050 to run over 10000 miles . We wont discuss the elephant in the room , the 05 E46 320 m sport coupe which i have had for years , over 2000 miles it has cost about 1400 . Currently awaiting alloy refurb then an MOT 🤦
Get an E53 X5 V8… £2200 cam chain guides, £2100 transmission rebuild, £250 ABS module, tyres, brakes, suspension overhaul etc. Granted that is over 10 years. And 19mpg too… I was forced into buying a cheap runabout a few months ago as it was off the road - a Honda Civic. 55mpg. That’s really noticeable.
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Had that engine in my first L322. They can be greedy!
Just keep it , it’s a known entity to you now !
The fuel is a problem in the U.K. as I’m from there ! I’ve been in Florida for 7 yrs now and have a Cayenne V6 that’s only couple yrs old and I don’t even think about fuel at $3.20 gallon , 35 mpg never lol , 25 I reckon I get but as I say I just fill it up .
But please give it a valet /detail paint correction , you drive me nuts and my OCD is having a meltdown watching how you abuse the cars cosmetically lol .
You have switched from 20inch to 18inch wheels. This will affect the calculation that your car’s computer is making regarding the fuel consumption and reported speed.
Good point. Just calculated it though and the overall difference is 1.33% so the change would be negligible
Great breakdown of the costs and rationale.
Assuming that you can sell it for £5000 in another 6 months with no further maintenance and you do the same miles. It will then average to approximately £150 per month which when compared to what people pay for tube and bus passes per month, is very good indeed, considering that you travel whatever time you want in a Porsche and not crammed in like a sardine on the central line.
So the lesson is to buy something undervalued and keep rotating before you hit depreciation, I know it’s easier said than done but the numbers do make it enticing to switch every 6 to 12 months and as car fans thats what we would generally want to do anyway.
You will get much better MPG using E5 (super unleaded) fuel than E10. Costs a little mopre, but works out cheaper. Car will run better too.
Interesting video, but you'd have most of those costs with any newer car anyway. A 5 year old range rover would only have a year of warranty, at best, then you're back to funding even more expensive repairs. It was also a PCP example you showed, so you're not going to own the car at the end. The wheels and tyres can't really be considered running costs, as you had decent wheels and tyres. Keep it another 6 months and hopefully your costs will start to balance out.
Treat it to a good buff/ polish, will be well worth it.
I think the problem with the economy comes down to the fact of it being so slow. That VR6 is quick in a golf, but constantly strained and very thirsty in a 2 tonne Cayenne. I'd imagine you'd get the same, if not better MPG, with the V8
Any newer car will depreciate as well, so you would have to factor that in. Also, expensive cars are expensive for a reason, maybe the VW Toureg is the same car with a different body, so could be cheaper.
My daily is an E46 320D convertible. Last year it cost me roughly £1300 including tax, MOT, insurance, two tyres and diesel.
My 4.5L V8 Cayenne is my second car - I'm not stupid enough to run one as a daily. Paid £2400 for it in March (Jan 06 plate), £395 tax and £344 insurance. No service costs yet, only done 200 miles,
Lets be honest though with yours.. you've added a lot of preventative maintenance over your monthly price when your belt change and gearbox oil etc should be spread over 10 years / as long as you'd expect it to last.
Joel, i have a 2006 Nissan x-trail with the 2.5 litre petrol 4cyl. I’d love to get the mileage you’re getting so don’t fret so much.😂😂.
You’re assuming that the newer car won’t cost anything/that much in repairs but that’s always a big risk! Stick to owning something older but keeping it in good nick and you’ll be ok
Great video and interesting figures, but against finance stick with it. 👍👍👍👍
Don’t forget that £35000 on a new car over 4 years is not only a lot of cash for your daily driver but also that you’ll have nothing to show for that money at the end of the term…
I've had my puggy sh1tbox for that time. £450 to get MOT'd, £100 in diesel, £220 on tyres, tax and insurance are £30 per month each. I didn't want anything French, diesel or an estate. Its epic. Will hit 180,000 miles soon. Most importantly, my wife likes it! So without tax & insurance, £850 for 6 months.
Bring the z4 back mate!
LPG conversion and keep it, fly the flag for classic cars
LPG??
2006 3.2 cayenne owner here
Not even 2 years and already spent $2k usd on getting it fix now it needs timing chains probably another 2k🤧🤧
That's not bad you spent more than that when you own a range rover why not get the Porsche Cayenne chipped you get more miles out of it for the gallon? PS knowing you buy a cheap sports car for the summer anyway once the summer's over you get rid of it
Yeah, I wonder if chipping is a thing on these cayennes.
You have brought this up to your standards, it is not on finance, finance is a more cruel mistress than fuel and costs you can control will ever be. To my mind a good older brand car is still worth maintaining, until you promised money you can't refuse. Remember the newer the car is now days, while the tech is better, the underlying focus is on the investors return. If you want to pay a lot of money on an appliance, on finance, with no real promise that it will be trouble free...
It's not a good car as a daily driver. Fuel is a crazy cost, and you will have a £2000 maintenance bill every year if you do this mileage. Buy a reliable little runabout as your daily; my diesel Fabia gets 55mpg, only £30 a year road tax and £200 insurance. Use the Porsche for special occasions only. BTW, I also have a 911 for special occasions 😊
If i was you, i would get some Diesel powered SUV. ML 350 CDI maybe? Or tiguan TDI?
Put the original wheels back on and run it for the rest of the year…. get some value from all the repairs,maybe do your winter trip as well eventually.
You forgot the cost of depreciation for the financed Range Rover. The Cayenne is at the bottom of the depreciation curve.
You like a lot of people in this country have seemingly grown up financially illiterate.
But that’s how the credit companies, finance companies etc like it. If everyone was financially literate, credit cards and finance companies would be in the mud
joel,please buy a Manuel is 200, your life will get better.........they are awesome.....
Joel, you have done well and saved the car from an early death. But running costs hurt. If someone offers you a good price, then take it and move on. A privilege of your channel. BW. PS. Possibly the engine is too small for the weight of the car. MPG!!
I have to like the look of a car as well as its performance and comfort. I'm afraid that this Porsche leaves me completely cold. To give you an idea of my tastes, I run a 1956 Morris Minor Tourer, a 1959 Morris Traveller, a 1981 Austin Allegro, and a 2012 Mercedes E Class Convertible. Also in the stable is a Land Rover 90 TDi and a 1979 Rolls Royce Silver Shadow. And I wouldn't swap any one of these for the Porsche. Sorry, but to me it's a featureless blob. Get it part-exchcanged for a Range Rover!!!
A range rover? Completely unreliable.
Sell it and buy a L405 SDV8 and drive from John O Groats to Landsend again, I love mine
What interest will you get on £30000 if you don’t use it to buy a newer car?
That VW engione was never the most economical whatever car it was put in and it wasn't designed be. Add in the fact that its been put in a 2 and a half ton brick, mated to an autobox and FWD and 25mpg on a run sounds pretty good. The V8 probably wouldnt have been a whole lot worse.
You need to amortise your costs over a longer period. Also fuel is irrelevant you have to by that anyway for a heat engine vehicle (smaller car/engine will use less fuel). I run cars from 1.4 Skoda to XF sportbrake. I never have finance and do all my own maintenance. Skoda 1.4 costs me about £75 per month including depreciation over 4 years. Cars in the Jaguar XF bracket cost me about £250 per month over 4 years. There are an awful lot of people who have no idea of the real cost of acquiring a car on finance/PCP/lease etc. You can also improve on my figures if you time the purchase correctly on the depreciation curve or you can negotiate better than I do. You are driving a £65K car on lemonade money.
I did some quick maths and my lexus lc costs £0.72 per mile
Finance at the moment is not worth going near unless you need to.