Ballon values...

All Porsche Macan Related Discussion
Joe390
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Joined: Tue Jul 20, 2021 7:37 pm

Post by Joe390 » Thu Jan 06, 2022 6:17 pm

Jon A wrote:
Thu Jan 06, 2022 5:10 pm
Bluesnose1812 wrote:
Thu Jan 06, 2022 5:06 pm
So you pay 34k+say 10k interest or say £1250 pm.
The payment will depend how much you are financing after whatever deposit you are putting in - i'm just saying the balloon for 12k per year mileage on my S is £36k and was £28k just two months ago...
Interestingly ours was £29k for an S, 12k miles per year but over 4 years. This was back in August mind.

Sweetmeister
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Location: Cheshire

Post by Sweetmeister » Thu Jan 06, 2022 7:23 pm

Mileage per year is totally irrelevant unless you just intend to hand it back at the end of the term and walk away.
Macan S on order in Black. Leather and 21’ GT`s.That’s all I’ve decided at the mo! :D

Jon A
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Post by Jon A » Thu Jan 06, 2022 7:30 pm

Sweetmeister wrote:
Thu Jan 06, 2022 7:23 pm
Mileage per year is totally irrelevant unless you just intend to hand it back at the end of the term and walk away.
Agreed. It is however relevant to the balloon and therefore the monthly cost. I always set mine a little low relative to reality but not too low.
Jon A
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TimB
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Post by TimB » Thu Jan 06, 2022 7:55 pm

Our S is 65k list, on 8k mi/pa and 4 years, the balloon is £31750
Macan S on order (17/11/21, no build slot - estimated May 2022)

http://www.porsche-code.com/PNTQDE40

Plyphon
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Post by Plyphon » Thu Jan 06, 2022 8:15 pm

2022 GTS GVF quoted at £38.8k.

I don't think I lose either way, as I will almost certainly go to the EV in 4 years time.

Jon A
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Post by Jon A » Thu Jan 06, 2022 8:22 pm

Plyphon wrote:
Thu Jan 06, 2022 8:15 pm
2022 GTS GVF quoted at £38.8k.

I don't think I lose either way, as I will almost certainly go to the EV in 4 years time.
I agree, that’s my plan too - hopefully a Macan but already love the Taycan. Might be out of my price range though 😳
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hood69
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Post by hood69 » Thu Jan 06, 2022 9:26 pm

Most people want the balloon high to keep monthlies low but if you would rather higher higher monthlies and lower balloon payment then surely just increase your mileage to the maximum allowed.

Isleaiw
Posts: 156
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Post by Isleaiw » Thu Jan 06, 2022 10:48 pm

hood69 wrote:
Thu Jan 06, 2022 9:26 pm
Most people want the balloon high to keep monthlies low but if you would rather higher higher monthlies and lower balloon payment then surely just increase your mileage to the maximum allowed.
Or just over pay every month. You may want a realistic GFV so you have protection of that floor should the arse fall out of used car values, but want to keep your interest down by getting towards the GFV sooner - so set it accurately but overpay either monthly or regular lump sums. 15 months in I only owe the GFV plus £5k now....and the interest of course!

Jon A
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Post by Jon A » Thu Jan 06, 2022 11:03 pm

Isleaiw wrote:
Thu Jan 06, 2022 10:48 pm
hood69 wrote:
Thu Jan 06, 2022 9:26 pm
Most people want the balloon high to keep monthlies low but if you would rather higher higher monthlies and lower balloon payment then surely just increase your mileage to the maximum allowed.
Or just over pay every month. You may want a realistic GFV so you have protection of that floor should the arse fall out of used car values, but want to keep your interest down by getting towards the GFV sooner - so set it accurately but overpay either monthly or regular lump sums. 15 months in I only owe the GFV plus £5k now....and the interest of course!
That’s my plan 👍
Jon A
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hood69
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Post by hood69 » Thu Jan 06, 2022 11:29 pm

Isleaiw wrote:
Thu Jan 06, 2022 10:48 pm
hood69 wrote:
Thu Jan 06, 2022 9:26 pm
Most people want the balloon high to keep monthlies low but if you would rather higher higher monthlies and lower balloon payment then surely just increase your mileage to the maximum allowed.
Or just over pay every month. You may want a realistic GFV so you have protection of that floor should the arse fall out of used car values, but want to keep your interest down by getting towards the GFV sooner - so set it accurately but overpay either monthly or regular lump sums. 15 months in I only owe the GFV plus £5k now....and the interest of course!
Good shout.

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