Porsche has been captivating enthusiasts since the 1950s with its blend of performance, innovation, and timeless design. From the legendary 911 to cutting-edge electric vehicles like the Taycan, Porsche’s evolution reflects its unwavering commitment to engineering perfection.
As Porsche owners constitute one of our most popular client bases at Above Beyond Finance, it’s only fitting that we provide a comprehensive Porsche Buying Guide alongside our tailored Porsche Finance solutions, covering everything you need to know.
A Brief History of Porsche
Porsche’s illustrious history spans nearly a century, commencing with the iconic Porsche 64 in 1939. This pioneering model shared roots with the Volkswagen Beetle, cementing Porsche’s enduring link with Volkswagen.
While early models like the 550 Spyder and 356 cemented Porsche’s reputation in motorsports, it was the introduction of the Porsche 911 in 1964 that marked a significant milestone. This sports car, powered by a 4-litre, 6-cylinder engine, swiftly became an automotive icon.
Throughout the 20th century, Porsche continued to innovate and expanded into hybrid and electric vehicles from 2010 onwards with models like the Cayenne S Hybrid and Panamera S E-Hybrid, highlighting Porsche’s commitment to sustainability and performance.
Why Buy A Porsche?
Unless you have never experienced a Porsche before, you may be wondering what all the fuss is about. However, in a nutshell, the reason to buy a Porsche is mainly due to its unmatched combination of performance and practicality, designed for everyday use. The brand’s commitment to quality is evident in every model, making it a standout choice in the sports car segment.
Owning a Porsche is not just about the thrill of driving; it’s also about being part of a prestigious community. Porsche clubs and events offer enthusiasts a chance to connect with like-minded individuals, share experiences, and participate in exclusive driving adventures. Whether you’re attending a track day or a classic car rally, the camaraderie among Porsche owners adds another layer of enjoyment to ownership.
On top of this, Porsche’s renowned build quality is a major advantage, particularly when buying second-hand. These cars are built to last, and with proper maintenance, their durability and performance remain impressive for years.
What Porsche To Buy?
Selecting the perfect Porsche is a personal decision that requires careful consideration.
You should start by determining your primary use for the car: daily driving, weekend getaways, track days, or classic rallies. Then, you should set a budget and explore your options to see what fits.
The market for air-cooled 911s has surged, with prices today significantly higher than a decade ago. Rare and desirable models have driven up prices for more common variants, sometimes marketed as solid investments. However, they may not always be.
Be aware that the market is currently peaking, and there are few bargains available. What you spend on an older or classic air-cooled 911 is likely to remain its value for the foreseeable future. While a market downturn could impact all but the most sought-after models, a classic 911 will always hold considerable cachet.
How Much Should You Spend?
When considering purchasing a Porsche, it’s essential to determine your budget upfront. New 911 Carrera S models are now approaching six figures, while previous generation models with low mileage can be found for around £50,000 - £60,000.
Performance-oriented models like the GTS or top-of-the-line Turbo variants command a premium but tend to retain their value well. They often come equipped with additional features and options not typically found on standard models.
However, one of the challenges Porsche enthusiasts face is acquiring limited-production models, especially the coveted GT cars. Build slots are typically reserved for longstanding customers who already own previous models. When these rare cars eventually become available on the used market, they often carry a significant premium, frustrating prospective buyers who missed out initially.
Although this remains a contentious issue within the community, Porsche has taken steps to discourage resale for profit by not officially limiting production numbers.
Financing Options
At Above Beyond Finance, we’re passionate about helping Porsche enthusiasts like you bring your dream car into your driveway. Whether you’re eyeing a brand-new model, a pristine used Porsche, or a timeless classic in need of restoration, we’ve got you covered with a range of bespoke finance options.
One popular choice is hire purchase, which allows you to spread the cost of your Porsche through manageable monthly instalments. You also have the option to own the vehicle outright at the end of the agreed term.
Alternatively, our lease purchase agreements (PCP) offer a similar structure, where you make regular payments over a fixed term. At the end of this term, a final ‘balloon payment’ ensures full ownership of the vehicle transfers to you.
For collectors or enthusiasts looking to expand their portfolio without liquidating existing assets, our equity release option enables borrowing against the value of your current car collection.
We understand the unique charm of classic Porsches, and that’s why we offer tailored finance solutions for auction purchases and restoration projects. We ensure that every step of your Porsche journey is financially supported.
At Above Beyond Finance, we’re not just about financing cars; we’re about making your Porsche ownership dreams a reality.
Are You Able To Buy On A Budget?
Despite the staggering prices seen in the market for the rarest performance models, there are still opportunities to acquire a well-maintained Porsche at reasonable prices.
From our research, we would state that the following models are the most affordable Porsche to buy right now:
- Porsche Boxster – 1996 – 2004
- Porsche Boxster – 2012 – 2016
- Porsche Cayenne – 2002 – 2010
- Porsche Cayman – 2004 – 2012
- Porsche 911 – 1997 – 2004
- Porsche 928
- Porsche 944
- Porsche 968
As an example, early water-cooled 911s in good condition can be purchased for approximately £20,000. Similarly, the 981 Boxster and Cayman, known for their naturally aspirated flat-six engines, are available for as little as £30,000.
As with any older performance vehicle, seeking specialist advice during the purchase process is crucial. It’s often cautioned that a “cheap” 911 doesn’t truly exist, and for good reason. Acquiring a car with significant mechanical issues can quickly lead to financial strain. Ensuring the vehicle has a comprehensive service history from either a main dealer or a reputable independent specialist is essential for peace of mind.
Buying A Porsche As An Investment
Unlike other classic cars, buying a collectable Porsche tends to be a great investment because of the following:
- Strong Resale Value: The brand’s reputation for engineering excellence, timeless design, and performance ensures that well-maintained models hold their worth over time. Certain models, especially limited editions or rare variants, can even appreciate in value.
- Historical Appreciation: Over the years, certain Porsche models have demonstrated significant appreciation. For example, air-cooled 911s from the 1980s and 1990s have seen substantial increases in value due to their desirability among collectors and enthusiasts.
- Limited Production and Special Editions: Porsches with limited production runs or special editions often fetch higher prices in the resale market. These models appeal to collectors who value exclusivity and rarity, making them attractive investment opportunities.
- Global Demand: Porsche’s global appeal ensures a broad resale market. Whether you decide to sell locally or internationally, there is typically strong demand for well-maintained Porsches, contributing to their investment potential.
- Enjoyment with Potential Returns: Unlike traditional investments, owning a Porsche allows you to enjoy driving a high-performance sports car while potentially seeing a return on your investment over time. This dual benefit of pleasure and financial gain makes owning a Porsche a unique investment proposition.
If you’re considering purchasing a classic Porsche, there are numerous factors to consider regarding its maintenance or potential restoration. However, financing shouldn’t be a concern, as we offer specialised classic car financing options tailored to suit every classic Porsche enthusiast.
What Are The Best Porsche’s To Buy
From modern to old, there are hundreds of different models to choose from, but below is a rundown of our favourites:
- Best For Speed: 911 Turbo S
- Best Hybrid: Sport Turismo Platinum Edition
- Best For The Family: Cayenne
- Best Classic: 911 Carrera (1984–1989)
- Best Modern Classic: 996 Turbo
- Best For The Track: 911 GT3 RS
- Best With An Unlimited Budget: Carrera GT
If you need help finding your dream Porsche, we also offer vehicle-sourcing services.
Final Words
Porsche remains a beacon of automotive excellence and a top choice for enthusiasts and collectors alike. At Above Beyond Finance, we share your passion for Porsche and are committed to helping you finance your dream car with bespoke solutions. For enthusiast-written reviews and detailed insights into each model, we recommend visiting Porsche Club GB’s comprehensive buying guide, covering everything from early 911s to the latest 718 Boxsters.