How Can You Fund a Porsche on a Budget?

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Aside from the obvious driving credentials, a Porsche, whether the ultimate 911 or a more affordable Boxster, is undeniably a status symbol. They’re expensive to begin with, and don’t tend to ever hit rock bottom prices. People know you earn a decent wage when you’ve got a Porsche. But having said that, if you’re smart about things, you could actually own one of these sports cars on a budget. There are two ways you might be able to do this, and we’ll take a look at them here.

Leasing

The fact is that most of the Porsches you see driving about day to day have not been purchased outright by their driver. Nor indeed have they been purchased on finance. Most luxury cars are actually leased through a company like Leasecar, which means the driver is paying a monthly fee over a period of time to drive the car, and then they’ll upgrade when it comes to the end of the contract. What relevance does this have to getting a Porsche on a budget? Well, a monthly lease payment is generally a lot lower than a loan payment for the simple fact that you don’t own the car, so you’re not paying off the whole cost. You’re paying to be able to drive it. If you earn a good monthly paycheck, then leasing could well be the way to get behind the wheel of a Porsche.

Buying Used

First things first; this option isn’t always for the fainthearted. Used Porsches aren’t always the most reliable of cars, and when things do go wrong, costs can be very high indeed. However, if you’re willing to live with this, then there are a few Porsches that can be had second hand without breaking the bank. The cheapest you’ll find is the 944, built through the 80s (read this guide to find out what you need to look for in one). It’s not massively powerful, but it’s still a Porsche, and it looks great. The other likely vintage option is the 928. Some will be very expensive indeed depending on condition, but there are bargains to be had. Your best shot of all of the options is the Boxster, which isn’t too old nor too expensive. Some might call it a baby Porsche, but it’s still got the looks, and even the base spec model is reasonably quick.

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