I’t does Simon, but I’ve always paid cash for my Porsches, and some have cost me as little as £600 a month in depreciation, but some have been nearer the £1k a month and I expect my cayenne to be around that.Jeffb wrote: ↑Sat Sep 14, 2019 9:25 am Hi Simon,
Many thanks for the welcome and you have summed me up with the heart ruling the head !! Yup, the big 55 in April but intend to keep on working. Just going to access the PCLS, clear the remaining mortgage and buy a Porsche !!
Hi Wilko,
Sound advice indeed and why would I want to purchase a depreciating asset ? I’ve worked ridiculously hard over the years like a lot of people so I’m going to treat myself, I feel it’s right lol.
If you finance them and divide the deposit by the term as well, you’ll get around £1k a month.
To me accessing your pension pot before you’ve got it to £1m protection levels or higher if you were lucky enough to protect it, is mad as it limits the amount you can continue to pay in.
Also to me if you can’t afford the car whilst you’re working out of normal income, then you shouldn’t buy it, but that’s just me and the way I think.