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Buying a porsche 996 at an early age

ravi grewal

New member
Joined
20 Apr 2007
Messages
4
Hello everyone, i'm looking on advice on buying a 996 porsche for around 25,000. I was wondering what the reliability is like? I'll be using it twice a week to drive from university in london to my parent's home in Kent + other lil journeys... so like 13,000 miles a year max. Also, does anyone know if i could get the Insurance down to £1500 fully comp? I can get it to about 1500 third party and theft! Also i'm only 20 and 21 in May so Insurance is gonna cost kinda alot! I'm looking to sell my Peugeot 106 - 52 plate to pay for the Insurance lol.

Thanks for any help.PS: I would of wanted the Cayman because of the price and the nearer looks to a 911 than the boxster has but it has only just come out and i'll doubt i could get it for that cheap!


Migration info. Legacy thread was 134187
 
The only way I can see you getting your Insurance down to £1500 fully comp, is if you have enough cars in the family to organise a family fleet policy. I have to wait until my wife was 25 last year, before I could add her to my Insurance.

Reliability wise you will be fine, you should get a '99 model for that money. You can still warranty these cars with Porsche for £895 a year.

Welcome to the forum!


Migration info. Legacy thread was 134189
 
Without a fleet or business policy you generally have to be at least 30 and have some performance car experience before anyone will insure you at a sensible premium fully comp.

That said - if you can afford £25k on a second-hand car at university why are you worrying about Insurance costs?!?


Migration info. Legacy thread was 134202
 
Previous poster said:
Quote: Originally posted by stats007 on 20 April 2007
Without a fleet or business policy you generally have to be at least 30 and have some performance car experience before anyone will insure you at a sensible premium fully comp.
That said - if you can afford £25k on a second-hand car at university why are you worrying about Insurance costs?!?

How student life's changed since my days :roll:

Migration info. Legacy thread was 134206
 
Previous poster said:
Quote: Originally posted by stats007 on 20 April 2007

Without a fleet or business policy you generally have to be at least 30 and have some performance car experience before anyone will insure you at a sensible premium fully comp.

That said - if you can afford £25k on a second-hand car at university why are you worrying about Insurance costs?!?
Not strictly true, I insured my Cayenne at 27 for £600 PA fully comp and new 911 at 28 for £1K fully comp. Started driving at 20 I think and first 5 years on company car policy.

That said a 911 at 21 might be very difficult to insure under own steam.


Migration info. Legacy thread was 134221
 
If you already have Insurance down to £1500 TPFT, I'd say you are doing well. I don't know if anyone would give you nearly as good a quote as that for fully comp. Tho' I am surprised an Insurance company has agreed to insure you for TPFT as I thought a Group 20 car, such as a 911, couldn't be insured for anything other than fully comp.

Damian - agree with you, I was used to a life of night buses and hitching lifts of the wealthier students in their Fiat Panda 900's or even Ford Escort 1.0L's!!

~ Maxie


Migration info. Legacy thread was 134276
 
I had my Turbo at 23 value of 45k for just under £1400 fully comp

Your best bet is to pick a perant with a big no claims and have them as the main driver (they may have to be registered keeper) with you as a named

Insure one of your other cars with direct line and have you self as a named driver and you will earn a no claims discount.

Then wait till you're 25.

Migration info. Legacy thread was 134277
 
lol i'm just sick of driving my 106 and as i look at cars to buy i keep wanting more and more! I'll probs get my new car [hopefully a 911] at the end of this year or beginning of next and i have a private number plate that begins with T*** *** so a 1999 reg would be ideal.

Does anyone recommend me a model of a 996 that is cheaper to insure than another one? & Also are porsche parts really that expensive? & Most of my friends at uni are stuggling with money, it's a bad situation sometimes when you're saving up for your next pint.. i was in that position for a while but my job has sorted me out =) Thanks for the help all.. i can't wait untill i get my new car.. worse come worse i could get a Cayenne but driving that around london maybe a nightmare with parking.


Migration info. Legacy thread was 134349
 
ps: we have 5 cars currently in our household so insuring all of them onto one company is a good idea.. thanks fo that =)


Migration info. Legacy thread was 134353
 
As 996s go the Carrera 4 is the cheapest - although some insurers won't differenciate between that and a standard Carrera.

Migration info. Legacy thread was 134356
 
May not suit your budget or aspirations but why not look at a 3.2 or 964 (check for oil leaks). The latter has abs etc but they can be much cheaper to buy. 3.2 is an old car and has no power anything except windows but is supposed to be V reliable. 964 offers a lot of car for the money if you get the right one. They were the out of favour 911 variant for quite some time.

Will all be horrors to insure at 21 but buy in price will be a lot lower.


Migration info. Legacy thread was 134357
 
One thing to consider - owning a 996 won't make you any friends whilst at university - locals and other less fortunate students resent that sort of thing unfortunately so don't be surprised if it gets vandalised, stolen or you get done over - I've seen it happen a few times whilst I was at uni :roll:
.

Migration info. Legacy thread was 134361
 
Previous poster said:
Quote: Originally posted by stats007 on 20 April 2007

One thing to consider - owning a 996 won't make you any friends whilst at university - locals and other less fortunate students resent that sort of thing unfortunately so don't be surprised if it gets vandalised, stolen or you get done over - I've seen it happen a few times whilst I was at uni :roll:
.
Aside from that though, enjoy..

Migration info. Legacy thread was 134363
 
Previous poster said:
Quote: Originally posted by smtk on 20 April 2007

I had my Turbo at 23 value of 45k for just under £1400 fully compYour best bet is to pick a perant with a big no claims and have them as the main driver (they may have to be registered keeper) with you as a namedInsure one of your other cars with direct line and have you self as a named driver and you will earn a no claims discount.Then wait till you're 25.




the only flaw with that first plan is that if you are unfortunate to have an accident and the insurer finds out that you are the main driver and not the other way about your policy can be voided,I remember hearing about a young lad who's family were fairly well off enough to buy him a(at the time) new 330Ci but baulked at the £3k+ to insure him,anyway he had an accident that required an assessor to come out and view the car at his home while he was out and the "main driver" was in,anyway the assessor sussed out that the "main driver" hadn't a clue about the spec of the car he was supposedly the policyholder/main driver of...........result was null and voided Insurance

Migration info. Legacy thread was 134370
 
Previous poster said:
Quote: Originally posted by allomoto on 20 April 2007

I'm 22 years old, Insurance on my 01 C2 is about £1400 per year, living in London, 5 points on my licence... :(


TPFT? What company is that with?


Migration info. Legacy thread was 134373
 

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