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 UA-camrs 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 UA-camrs 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.
I am privileged to have a 981 GT4 for more than five years now. This car is def a keeper, I love every second with it. And you can burn a lot more money with other cars - my GT4 is still worth 80% of its purchase price. However, being sensitive and reasonable in life is always good, but don‘t forget that you only live once.
@@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
This video was unexpected but really good advice on buying cars (10% of your monthly salary) in general. I've always changed my cars quite regularly and haven't kept anything longer than 18 months, so have lost loads of money in the process. Had a nice approved 996 C4 Cab back in the day, kept it for a year and then lost £20k on it! Currently have a Cupra Ateca but want to get back into Porsche again but am going to wait until I have a bigger deposit. GT4 looks like a handful in the wet but what a great car. Keep up with the advice and making your content, its great.
This is driving purity, not the same as driving perfection with four wheel drive, paddle shift, turbo powered and driving nannies that electronically does the driving for you. This is it, the art of driving a modern car that feels analog.... then Stef smashed it with a very logical analysis of the Cayman gt4. Delayed gratification is wealth preservation!!
Good on ya mate & appreciate your honesty, refreshing from a UA-camr! Likewise, i think same can be said for dumping tonnes and tonnes of money into mods for the M2. It’s just not financially sensible for ME right now, like you said, everyone’s different! 🤘🏼
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
Well said Stef, never heard a UA-camr speak with such reason 👍 I sold my Spyder last year to move down to one car, but I'll hopefully have enough saved to buy a 981 GT4 in 2023, that 3.8L is sublime 😊
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
agree with mostly what you said. but 10% is too less if someone really is a car guy, and enjoying car is a big part of their life. I would say 30% if you really enjoy cars and can shred some unnecessary spending elsewhere. You only live once, when the timing is gone, you can't buy back the missed out memory no matter how rich you get in the future. The hobby itself is also a valuably asset and investment of the life.
You are speaking the absolute truth mate, so important to make sure you can afford it as so many people go out and finance a vehicle they really cannot afford. And then work every week to just pay the finance bill. I really like to see you breaking this down for people.
Like the old saying goes, good things happen to those who wait. Great video on this 718, really looks amazing in this spec, but just wait...it will come! 👍
With you there Stef... I'm after a 4C, I can afford it, but it's definitely the silly financial decision at this stage in my life! Invest, get comfortable, then reap the rewards longer term. I've no doubt you'll have that GT4 sooner thank you think!
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.
I recently purchased a 2021 GT4 and absolutely love it. The car is definitely a keeper. I applaud your caution, as one should never go into debt for a toy. Keep learning about investing, especially diversification. Downturns are a fact of life and you should be prepared ;)
Awesome video, weirdly relevant to my situation at the moment. I've a 981 base Cayman, it's great... but over the last 8 months my financial situation has just been flipped on its head for the better and I've been lusting after upgrading to a 718 GT4 and now it's easily in grasp and could buy outright I don't know if I can bring myself to it with my 30 y/o adult hat on. Great videos I'll be subscribing!
Defo can relate. I'm currently car less bar my company car (basically no car - toy). I've got my motorbike to keep me sane but my sensible hat has been on for the past few years especially with the young kids I have and mortgage. But I'll get back in something fun in a few years 🙂
Go for the bucket seats! One of the major things people look for on the resell market is those seats! Additionally I’ve had my GT3 for coming up on a year now and those seats are more comfortable than most cars I’ve been in period. You’ll get used to them and for track usage paired with harnesses you don’t want anything else!
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.
@@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 for the motivation to not make a stupid decision. I won't buy a car in this price range even though I've worked my way up to the point where a car like this would be 10% of my take home pay. Accruing debt for liabilities(like cars) reduces your cashflow which prevents you from multiplying your money through investment.
nice video, tested both 718 and 918, their torque curve is very different, 718 is much more lower end happy and I prefer the sound of the new. Waiting for a used 718 to come up on the market and having a maunal m2c for the time being. 100% agree on the finance side!
Can't believe how cheap cars are in the UK. Same car in Australia is $230k AUD ($131k GBP). But it is a car I'm interested in to step into as my first sports car
Very sensible outlook. Sounds like you’ve totally got your head screwed on, pretty unique for someone of your age!. Good luck. I’ve got a Boxster s 987, that’s fine for me. Enough fun and no monthly payments!
My opinion is if you're in a good position with the mortgage (i.e payoff around 50-55 years old, preferably earlier) and no other debt, why not? The car keeps excellent value. Sure it's not an appreciating asset, but entertainment never is.
I’d love to hear more about the financial element of this channel. Fascinating stuff Stef and looking forward to the day you can have your dream garage without any consideration for cost
Wow, what a refreshing sentiment from a UA-camr. I'm in a similar position at the moment and have a huge desire to buy a Turbo S. If BTC and Eth pump this year as they are expected to do I could buy one...but it's not sensible. It would be much smarter to wait for another 4 years until the next cycle and be much better set up to treat myself then...though by that time my concern will be the grim reaper of impending electrification.😖 Maybe I should just supercharge my old VX220 which I've owned from new in 2003.🤔 It's hard trying to be a resposible adult...even when you're 55 and should know better. Thanks for helping me grow up Stef! 👍🏻😁😎
Defo wouldn’t put my money into a GT4 with a PDK, unless it was the RS the which looks although it will only be available with the PDK. Manual 718 is where it’s at in terms of a long term investment. Buy one second hand after a couple years or so once it’s lost the majority of its depreciation, but find one in a desirable spec and with low mileage and look after it from there. These will be highly desired cars in the future!
@@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
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’ve been critical of a video you did a while back but credit where it’s due. Good review on Porsche allocations fiasco, depreciation on the 718 GT4 and sound wealth opinion. Interesting how Tesla as a barely profit making company goes up in value. I see some downside on the main stock index for a couple of months so use a hedge. I personally trade FX as a supplement to my income so nice to see other topics plus of course great cars 👍
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.
Am in a similar dilemma, do I buy 1 last mental car before the kids might need university etc or do I just save for the future. If everything goes to plan, I’ll be mortgage free when am 55 and will also retire around then, but if I blow a load of money on a fancy car that could be jeopardised! Is it worth it - probably not, tend to get bored of cars after a couple of years or so, then lose some more money! Btw that 10% of take home pay thing seems very conservative. Think I’ve been paying over 20% since the day I got my first job 20 years ago! 25% now, although that’s after 16% goes into my pension so maybe not too bad. What would you say a max % of take home for a mortgage should be?
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
You should consider another option like a used clean low mileage 987 Cayman S or 981. Those cars are just as much fun and so much cheaper! Especially the bargain. Drive a 2007/8 CaymanS manual and see. They only cost about $25,000 US. They drive GREAT! Hydraulic steering and enough power with perfect balance.
Do you think that the GT4 is too harsh or rough riding as a daily driver? The GTS 4.0 appears to be better... what do,you think ? Have you driven a GTS Cayman or Boxster yet, and compared the driving dynamics of both types re and the feel as a daily or as a frequently driven car? Thanks for your input.
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.
Mate you want one, let me rephrase, you need one. If you are going to do track days, the carbon buckets are a must. Perfect car for narrow roads, not wet or icy though.
sensible advice although 75% in TSLA is fairly (!) concentrated... you might want to diversify into other "clean energy/transition" stocks? They have all been doing well
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
This Cayman is a beauty, very well made car and seems awesome to drive it. Very solid advice. I would watch your videos on financial advice any day. You seem a legit down to earth guy. Seeing this video I understand why you Brits complain about the weather. Cheers
The BIG problem here is not that Stef can't make up his mind whether he should buy a 718GT4 the problem is that that Porsche GB loaned him one, which means that if he wants one he goes straight to the top of the list. Whereas the rest of would just be told that they are all sold. That is the problem with Porsche GB and their dealers they are corrupt
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.
Having banked on real estate and paying off all my current car, which isn't a slouch either... as much as I like cars I hate paying for them. I too am "struggling" on whether to spend some of that money on a 718 Spyder, but I also like having no car payment. That, and there isn't a lot of places to drive these days... if my motorsport trips are again delayed or cancelled I will look more seriously
HP with balloon? Put down decent deposit, buy well and at the end of the loan sell the car to pay the balloon and take the equity in the car for the next car? Also it’s clearly most important to be financially safe and responsible and operate within your means.
@@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.
The particle filters kill the noise for me. Its an improvement over the 718 2.0 pots but still not as good as the 981. I'd rather save up more money and buy a Vantage. Like the review but the abridged version is , ' I currently cant afford it' .
I have had a 981 and have a 718 GTS and have driven a 718 GT4. I prefer the 981 even though both of those cars are faster than the 981. I bet the prices drop when the 718 GT4 RS comes out later this year.
May I respectfully suggest you consider diversifying your holdings a bit more than 75% Tesla and crypto. Those may work out well or they may not. Maybe 35% growth stocks, 35% value, 20% Tesla, 10% crypto? Tesla is going to have quite a tough job beating the competition in the next 10 years. The auto manufacturing business is a very very competitive industry. Just ask yourself, could Tesla build a car like an electric GT4, to the standards Porsche can? Everyone is going electric, and VW, Toyota, etc have been doing this for a long long time, and are not always profitable at that. Tesla stock price is very high and a lot has to go spectacularly right to justify that price. Remember the first two Buffett rules of investing. Just a friendly suggestion. Happy motoring and investing!
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.
funny cause you had a 4c. i just paid by launch edition off and am looking at gt4 or a gt3 to join the garage. but trying to be patient so i have at least 40 to 50k down. but man do i want to jump on one this spring.
Great vid 👍 I'm fortunate enough to be able to have one of these..... But the Porsche dealership told me to 'go forth and multiply' as they were not for new customers (even though I bought 2 Porsches from them many years earlier), hacked me off a lot. If the product wasn't so good I would have gone to another brand, I'm now waiting for my GTS 4.0 to be built, which as luck would have it is a better proposition for the poor road quality where I live (I keep telling myself that anyway!)...... Also YOLO 😂
Don’t co-habitate, get married, have kids or pets. That’s £500k saved. Live the minimal lifestyle and stack your £££. Good things will come later. I used to waste money on cars in my 20s. Stopped the nonsense at 30s. Cleaned up my finances and paid off mortgage ASAP. Now I’m 43, own 3 properties mortgage free. Investments in place. I drive a modest F56 Mini JCW. I save 100% of my salary. My monthly expenses for 1 year is equivalent of 1 month of my salary. Given the dire situation the UK is in right now, l plan to get out and head back to SE Asia and live there 9 months of the year there and semi retire at 46.
@@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!
And a year later it was more sensible to buy the GT4 rather than hold Tesla/Bitcoin. How the world changes. Anyway live and let learn best to put long term investments into blue chip index trackers and leave a small % for speculative plays
@@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...
I think if you told people what they need to invest/put into a pension each month they would have a heart attack. As a guideline aged 30 and to retire at 60 you need to put away about £800 per month (and increase with RPI/CPI each year. PS I retired in my 50's so these numbers are not plucked out of a hat. Life is sweet.
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
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
Buying a new car today is a difficult option because of the demise of the combustion engine by 2030. Your looking at 8-9 years and do you want to spend £1000s on a car that could end up worthless?...Think I’ll hold on to my Audi 3.2 for a few more years. Great video and nice to get some real world common sense from Stef. Keep up the good work. £3000 a month? I wish....lol.
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.
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
It’s not a long term plan. I intend to diversify but at the moment I am confident Tesla will continue to rise due to the ev hype and full self driving due to he released. Once Tesla hits $1000 I will be derisking
A UA-camr with a realistic conscience and honesty. The core message ....... if you can't afford it don't buy it, but wait and you shall reap !
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 UA-camrs 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 UA-camrs 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
I am privileged to have a 981 GT4 for more than five years now. This car is def a keeper, I love every second with it. And you can burn a lot more money with other cars - my GT4 is still worth 80% of its purchase price. However, being sensitive and reasonable in life is always good, but don‘t forget that you only live once.
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.
Agreed Stef. Cars are a luxury, as much as we love them, we have to put ourselves first. Keep up the great work mate ✌🏻
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.
This video was unexpected but really good advice on buying cars (10% of your monthly salary) in general. I've always changed my cars quite regularly and haven't kept anything longer than 18 months, so have lost loads of money in the process. Had a nice approved 996 C4 Cab back in the day, kept it for a year and then lost £20k on it! Currently have a Cupra Ateca but want to get back into Porsche again but am going to wait until I have a bigger deposit. GT4 looks like a handful in the wet but what a great car. Keep up with the advice and making your content, its great.
Thank you so much Peter
This is driving purity, not the same as driving perfection with four wheel drive, paddle shift, turbo powered and driving nannies that electronically does the driving for you. This is it, the art of driving a modern car that feels analog.... then Stef smashed it with a very logical analysis of the Cayman gt4. Delayed gratification is wealth preservation!!
Thank you so much dude
Good on ya mate & appreciate your honesty, refreshing from a UA-camr!
Likewise, i think same can be said for dumping tonnes and tonnes of money into mods for the M2. It’s just not financially sensible for ME right now, like you said, everyone’s different! 🤘🏼
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
Passionate review of a dream car delivered with a decent dose of reality! Respect and all the best to you, Stef ✊🏽
"We do need to be extremely careful" - Hits the red line one more time. Haha classic press car hoon! Lovely bit of kit that is Stef.
Haha yep you know me 😂
Well said Stef, never heard a UA-camr speak with such reason 👍
I sold my Spyder last year to move down to one car, but I'll hopefully have enough saved to buy a 981 GT4 in 2023, that 3.8L is sublime 😊
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
agree with mostly what you said. but 10% is too less if someone really is a car guy, and enjoying car is a big part of their life. I would say 30% if you really enjoy cars and can shred some unnecessary spending elsewhere. You only live once, when the timing is gone, you can't buy back the missed out memory no matter how rich you get in the future. The hobby itself is also a valuably asset and investment of the life.
I feel your pain. Being an adult sucks sometimes!
Amazon shares are always worth a look.
Amazon are defo a good solid investment
You are speaking the absolute truth mate, so important to make sure you can afford it as so many people go out and finance a vehicle they really cannot afford. And then work every week to just pay the finance bill.
I really like to see you breaking this down for people.
Thank you mate
Like the old saying goes, good things happen to those who wait. Great video on this 718, really looks amazing in this spec, but just wait...it will come! 👍
Thanks buddy!
With you there Stef... I'm after a 4C, I can afford it, but it's definitely the silly financial decision at this stage in my life! Invest, get comfortable, then reap the rewards longer term. I've no doubt you'll have that GT4 sooner thank you think!
Cheers buddy!
It’s good that you’re not stretching yourself, it definitely more worth it to wait until the right time. But you should give the 981 Cayman GTS a try
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.
I recently purchased a 2021 GT4 and absolutely love it. The car is definitely a keeper. I applaud your caution, as one should never go into debt for a toy. Keep learning about investing, especially diversification. Downturns are a fact of life and you should be prepared ;)
Thanks Pete. Absolutely, nothing goes up in a straight line 🙌
Great Video and it’s refreshing for a youtuber to be so honest
Thanks Nick!
Took my 380 Exige out this morning....same problem with grip but no problem with smiles :) Great vid again fella
Thanks dude! I bet that was fun! Lol
Awesome video, weirdly relevant to my situation at the moment. I've a 981 base Cayman, it's great... but over the last 8 months my financial situation has just been flipped on its head for the better and I've been lusting after upgrading to a 718 GT4 and now it's easily in grasp and could buy outright I don't know if I can bring myself to it with my 30 y/o adult hat on. Great videos I'll be subscribing!
Thank you so much
Did u?
Defo can relate. I'm currently car less bar my company car (basically no car - toy). I've got my motorbike to keep me sane but my sensible hat has been on for the past few years especially with the young kids I have and mortgage. But I'll get back in something fun in a few years 🙂
Yeah man. Just got to be patient which most of us struggle with lol
Go for the bucket seats! One of the major things people look for on the resell market is those seats! Additionally I’ve had my GT3 for coming up on a year now and those seats are more comfortable than most cars I’ve been in period. You’ll get used to them and for track usage paired with harnesses you don’t want anything else!
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 for the motivation to not make a stupid decision. I won't buy a car in this price range even though I've worked my way up to the point where a car like this would be 10% of my take home pay. Accruing debt for liabilities(like cars) reduces your cashflow which prevents you from multiplying your money through investment.
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nice video, tested both 718 and 918, their torque curve is very different, 718 is much more lower end happy and I prefer the sound of the new. Waiting for a used 718 to come up on the market and having a maunal m2c for the time being. 100% agree on the finance side!
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Can't believe how cheap cars are in the UK. Same car in Australia is $230k AUD ($131k GBP). But it is a car I'm interested in to step into as my first sports car
Brilliant car for the money. Well UK money that is lol
Very sensible outlook. Sounds like you’ve totally got your head screwed on, pretty unique for someone of your age!. Good luck. I’ve got a Boxster s 987, that’s fine for me. Enough fun and no monthly payments!
That’s the one mate 👏
My opinion is if you're in a good position with the mortgage (i.e payoff around 50-55 years old, preferably earlier) and no other debt, why not? The car keeps excellent value. Sure it's not an appreciating asset, but entertainment never is.
I’d love to hear more about the financial element of this channel. Fascinating stuff Stef and looking forward to the day you can have your dream garage without any consideration for cost
Wow, what a refreshing sentiment from a UA-camr. I'm in a similar position at the moment and have a huge desire to buy a Turbo S. If BTC and Eth pump this year as they are expected to do I could buy one...but it's not sensible. It would be much smarter to wait for another 4 years until the next cycle and be much better set up to treat myself then...though by that time my concern will be the grim reaper of impending electrification.😖
Maybe I should just supercharge my old VX220 which I've owned from new in 2003.🤔
It's hard trying to be a resposible adult...even when you're 55 and should know better. Thanks for helping me grow up Stef! 👍🏻😁😎
Defo wouldn’t put my money into a GT4 with a PDK, unless it was the RS the which looks although it will only be available with the PDK. Manual 718 is where it’s at in terms of a long term investment. Buy one second hand after a couple years or so once it’s lost the majority of its depreciation, but find one in a desirable spec and with low mileage and look after it from there. These will be highly desired cars in the future!
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
@@Peel5000 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'm amazed to see someone else in the same boat as myself, waiting for my crypto to grow in the next bull run in order to buy a GT4.
I’ve been critical of a video you did a while back but credit where it’s due. Good review on Porsche allocations fiasco, depreciation on the 718 GT4 and sound wealth opinion. Interesting how Tesla as a barely profit making company goes up in value. I see some downside on the main stock index for a couple of months so use a hedge. I personally trade FX as a supplement to my income so nice to see other topics plus of course great cars 👍
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.
Excellent video!!
Am in a similar dilemma, do I buy 1 last mental car before the kids might need university etc or do I just save for the future. If everything goes to plan, I’ll be mortgage free when am 55 and will also retire around then, but if I blow a load of money on a fancy car that could be jeopardised! Is it worth it - probably not, tend to get bored of cars after a couple of years or so, then lose some more money! Btw that 10% of take home pay thing seems very conservative. Think I’ve been paying over 20% since the day I got my first job 20 years ago! 25% now, although that’s after 16% goes into my pension so maybe not too bad. What would you say a max % of take home for a mortgage should be?
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
You should consider another option like a used clean low mileage 987 Cayman S or 981. Those cars are just as much fun and so much cheaper! Especially the bargain. Drive a 2007/8 CaymanS manual and see. They only cost about $25,000 US. They drive GREAT! Hydraulic steering and enough power with perfect balance.
I really like the 987 cayman. My dad has one over in spain and it’s brilliant
Do you think that the GT4 is too harsh or rough riding as a daily driver? The GTS 4.0 appears to be better... what do,you think ? Have you driven a GTS Cayman or Boxster yet, and compared the driving dynamics of both types re and the feel as a daily or as a frequently driven car? Thanks for your input.
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
Love your honesty and adult hat advice. Subscribed!
Appreciate the honesty and advice. 10% of income on cars sounds perfect and shouldn’t affect you from investments and buying assets. Best wishes 🙌🏽
Thanks dude
Loved the early morning start up footage. Great vid. thanks
I don’t understand people who have mortgages and then go get a higher interest rate car loan too, instead of just drawing off the mortgage.
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.
Mate you want one, let me rephrase, you need one. If you are going to do track days, the carbon buckets are a must. Perfect car for narrow roads, not wet or icy though.
Haha defo need one of these cars. Just need the right time to buy 😂
Looking forward to this feedback. CUP2’s in that weather ah yes. Brave :)
How was the rear window visibility in the damp?
Fine to be fair water runs right off it lol
sensible advice although 75% in TSLA is fairly (!) concentrated... you might want to diversify into other "clean energy/transition" stocks? They have all been doing well
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 love the 718, had one a few years ago, 2015, it just wasn’t practical for me, as much as I loved it! - top video 👍🏽 careful on them over revs haha
😂😂 thanks for watching man
This Cayman is a beauty, very well made car and seems awesome to drive it.
Very solid advice. I would watch your videos on financial advice any day. You seem a legit down to earth guy.
Seeing this video I understand why you Brits complain about the weather.
Cheers
Thinking about buying an Abarth 595 or 695 again? Loving the content at the moment btw!
Thank you so much mate. Great fun cars and affordable to run!
The BIG problem here is not that Stef can't make up his mind whether he should buy a 718GT4 the problem is that that Porsche GB loaned him one, which means that if he wants one he goes straight to the top of the list. Whereas the rest of would just be told that they are all sold. That is the problem with Porsche GB and their dealers they are corrupt
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.
Having banked on real estate and paying off all my current car, which isn't a slouch either... as much as I like cars I hate paying for them. I too am "struggling" on whether to spend some of that money on a 718 Spyder, but I also like having no car payment. That, and there isn't a lot of places to drive these days... if my motorsport trips are again delayed or cancelled I will look more seriously
Great take, nice to see someone rocking the semi-sensible hat on these things.
You could buy a 2014 Cayman S, and modify it to your likings..... Great car! And great video, thank’s 👍😎
I like them :)
HP with balloon? Put down decent deposit, buy well and at the end of the loan sell the car to pay the balloon and take the equity in the car for the next car? Also it’s clearly most important to be financially safe and responsible and operate within your means.
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.
Love your videos. Would you prefer a GT4 over a 997.1 GT3 for similar money?
Would love a GT3. Haven’t driven the 997 GT3 so would need to do a bit of a comparison before I could compare
What a pretty car 😘 ..... buy it just for the seatbelts. But Abarths come with yellow belts too.
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lol. nice. i have a 124 spider abarth also and am in the process of buying a gts 4.0 Boxster
best of luck
The particle filters kill the noise for me. Its an improvement over the 718 2.0 pots but still not as good as the 981. I'd rather save up more money and buy a Vantage.
Like the review but the abridged version is , ' I currently cant afford it' .
Well said mate!!!! Good information ℹ️
Thank you
Love your reviews Stef 😀😀😀😀😀 Awesome car 🤤🤤🤤🤤🤤
Thank you so much!
I have had a 981 and have a 718 GTS and have driven a 718 GT4. I prefer the 981 even though both of those cars are faster than the 981. I bet the prices drop when the 718 GT4 RS comes out later this year.
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
Respect for this video mate. If you want a GT4 in cash start doing your research on Cardano (ADA)
Cheers buddy! Haha yeah will need to take a look at cardano!
4 times the price of your current car....is it 4 times as much fun ? Paying off my debts allowed me to retire 9 years early....highly recommended 👍
Thanks buddy!
Exactly what i would ask myself the day ill swap my GTI Clubsport! if that will ever happen...
Yeah gotta be sensible man plus it will be more appreciated when you can afford it 🙂
Absolutely
May I respectfully suggest you consider diversifying your holdings a bit more than 75% Tesla and crypto. Those may work out well or they may not. Maybe 35% growth stocks, 35% value, 20% Tesla, 10% crypto?
Tesla is going to have quite a tough job beating the competition in the next 10 years. The auto manufacturing business is a very very competitive industry. Just ask yourself, could Tesla build a car like an electric GT4, to the standards Porsche can? Everyone is going electric, and VW, Toyota, etc have been doing this for a long long time, and are not always profitable at that. Tesla stock price is very high and a lot has to go spectacularly right to justify that price.
Remember the first two Buffett rules of investing. Just a friendly suggestion. Happy motoring and investing!
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 😅.
Sold my 695 last spring to buy 718 gt4 but due to this pandemic it’s made me put the buy off until we are out of this. Roll on them times
Yep yep!!
What’s a 695?
@@PrettyBird23 fiat Abarth
I love my GT4, it’s awesome!
Incredible cars!
Why not go for a 718 GTS 4.0, Almost all the car for a lot less
It’s a lot of car for sure!
funny cause you had a 4c. i just paid by launch edition off and am looking at gt4 or a gt3 to join the garage. but trying to be patient so i have at least 40 to 50k down. but man do i want to jump on one this spring.
Great vid 👍 I'm fortunate enough to be able to have one of these..... But the Porsche dealership told me to 'go forth and multiply' as they were not for new customers (even though I bought 2 Porsches from them many years earlier), hacked me off a lot. If the product wasn't so good I would have gone to another brand, I'm now waiting for my GTS 4.0 to be built, which as luck would have it is a better proposition for the poor road quality where I live (I keep telling myself that anyway!)...... Also YOLO 😂
It sounds awesome!!!!
Mental car mate
Don’t co-habitate, get married, have kids or pets. That’s £500k saved.
Live the minimal lifestyle and stack your £££. Good things will come later.
I used to waste money on cars in my 20s. Stopped the nonsense at 30s. Cleaned up my finances and paid off mortgage ASAP.
Now I’m 43, own 3 properties mortgage free. Investments in place. I drive a modest F56 Mini JCW. I save 100% of my salary. My monthly expenses for 1 year is equivalent of 1 month of my salary. Given the dire situation the UK is in right now, l plan to get out and head back to SE Asia and live there 9 months of the year there and semi retire at 46.
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!
And a year later it was more sensible to buy the GT4 rather than hold Tesla/Bitcoin. How the world changes. Anyway live and let learn best to put long term investments into blue chip index trackers and leave a small % for speculative plays
I went through same quandary when I decided not to buy the Bugatti Chiron. Decisions have to be made.
One of the nicest looking cars i personally think, but its got a big price attached...
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...
Just think how much you could save with a lighter right foot! “My names been Stefan...”. What is it now?
Haha yep for sure but my videos would be boring for you guys if I had a light food ;) 😂
I’m stuck on how the 981 gt4 is more desirable than this when down about 100 hp.....and this from a 981 boxster s owner
I think the pdk is better not a manual fan of porsche cars
Will help with the long gears to an extent
Buying above your means....been there before,in thought and in practice..
I think we all have mate. It’s whether you realised it for longer term financial impact lol
I think if you told people what they need to invest/put into a pension each month they would have a heart attack. As a guideline aged 30 and to retire at 60 you need to put away about £800 per month (and increase with RPI/CPI each year. PS I retired in my 50's so these numbers are not plucked out of a hat. Life is sweet.
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
Goes on about the 981 and admits he hasn’t driven one - that’s when I switched off.....
Shame as I’m going to get one on the channel soon
Somehow expected it to have more traction / grip than that.
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?
Hmm, could be argued thatTesla and crypto are risky, so not really that sensible. May want to diversify
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
Damnnn be safe out there bro, your heart must have stopped a few times
😂😂 haha yep! Wait for the next video!!! Snow.....
Cayman gts 4.0 or M4 competition g82 (live in Moscow)
So, to recap, don't buy it if you can't afford it. 🤔
Lol same shoes. Got TSLA stock and it’s made enough for nearly two GT4’s but I don’t want to cash out.
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
I thought you were going to say because the dealers super inflate the prices of them.
That too lol but I would look for a 981
Need to drive within the conditions. Clearly doesn't happen well enough
Would be fine on PS4’s I think
@@StefABtv but it clearly isn't. So not fine
going to be doing 3 1/2 years of saving before going for a used gt4rs
Buying a new car today is a difficult option because of the demise of the combustion engine by 2030. Your looking at 8-9 years and do you want to spend £1000s on a car that could end up worthless?...Think I’ll hold on to my Audi 3.2 for a few more years. Great video and nice to get some real world common sense from Stef. Keep up the good work. £3000 a month? I wish....lol.
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
Very good video 👍👍👍
sell your Tesla stocks before they crash. buy a 997RS better car and investment.
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
Taycan Cross more interesting for me Stef !
Will be filming a Taycan soon mate
The aptly named Drift Road 😄
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Sensible advice with the state of the economy and the coming millions of unemployed
Thanks man
FFS just buy one, mortgages are for life not just for Christmas 😌
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Speed Yellow
Because it's not a Fiat or an Alfa.
Your heart wants the GT4, your pocket cannot really afford it. A problem shared by millions of guys in the world. northing new. move on ...
Stop now ..!! I want one
Haha yep! We’ve all got the itch!
@@StefABtv yep I know 😡😥
so basically you can't, nice title... lol
Not very smart... investing 75% of all of wealth in tesla?! Oh dear
It’s not a long term plan. I intend to diversify but at the moment I am confident Tesla will continue to rise due to the ev hype and full self driving due to he released. Once Tesla hits $1000 I will be derisking
let me guess............ too much $$ or is it too much $$