What are the running costs for the Porsche 992 Carrera and how much is it going to cost per year to own?
Some things you really need to know before buying any car
Before buying the Porsche 992 Carrera I did a little check round at the costs associated with running and maintaining it. With it being a performance sports car you would expect it to have high costs attached but I was fairly surprised at what they actually were.Not so many years ago you would look at a car with type of performance figures and think "I wouldn't want to pay to run that!". But things move on and times move on which bring us to a more economy and emissions driven time. From that comes cars like the 992 which run more efficient than it's previous models while giving you the same or even more performance.
When it comes to buying any car it really boils down to wants and needs. Out of these wants and needs you need to balance the costs for running and maintaining the car to see if you really want to commit to owning it. If you are considering taking the plunge on any performance car whether it is a Porsche or something else in my opinion you really need to review the following points.
Insurance
The 992 as you would expect falls up there in the 50 group insurance class. Although it is in the top band what that will actually cost you is a reflection of a range of factors. Age, location, driving penalties, prior claims etc etc. Find the car you are wanting to own and run it's registration and your details through a comparison website. That should give you an idea of the cost range you will face.
Road Tax
As the 992 is brand new or at most 2 years old (as of this blog being written), in the UK you face a front end cost to your road tax bill. When the car is new you will pay a heavy cost upfront based on the value and then for next 5 years a premium charge over the basic cost you will pay in the future. In regards to other countries you will need to check out how this effects you but currently here in the UK it is tied to emissions and car value. The road tax can either be paid up front or added to the car finance depending on where you buy and finance the car.
Service Costs
When buying a new Porsche you actually find that service costs don't come in as badly as you might think. The first service after new is either 2 years or 20,000 miles. If you are doing more than 20,000 miles in the first 2 years in a Porsche sports car I would be surprised but I can't say it wouldn't happen. The first service is a minor one and will come in around the £600 mark at the Porsche dealer. The second service is considered the major and will come in around the £1000 mark. All dealers and locations have their own price scales and as of the writing of this blog I found it hard to come by the current up to date costs online. If you are buying a car at the dealer I would suggest checking the costs and making sure you are happy or maybe look for an independent service location. They can stamp your service book and likely charge a little less than a main dealer.
Fuel / Economy
I have looked briefly at checking the economy WLTP figures in a previous blog. The combined figure is in the 26-27.4 mpg range and based on my driving of the car I feel it does stand correct. If you are doing long commute journeys you will likely get better economy at motorway driving speeds but you will still end up at the fuel station more than a small hatchback. Again if you drive it hard all the time you will be there more often again. At the time of writing the blog here in the UK it costs roughly £65 to fill the tank from the 50 mile warning light appearing in the dash.
Tyres
Tyres are an objective thing and depend on just how much you are willing to spend. However the car will come with specific tyres on chosen by the manufacturer (in my case Porsche) to give a level of performance that compliment the car. I will not go into the brands, types, sizes etc but roughly based on my research and checking online £500 a set (per axel) is a good rule of thumb to keep in mind. If you look after the tyres you should get many thousands of miles out of them however, so if you buy the car new or very well second hand you may never need to buy any before selling it.
Summing up
The costs of the 992 are not too much more than the 718 Cayman I previously owned. The insurance was nearly double but the fuel and tyres costs worked out comparable when looking back at previous costs. So if you are looking to step up as I have done don't be too afraid of the extra running costs.
These are all specific to me and my version of the 992 so if you are in a similar position you may find the comparison useful! If you have a higher or lower cost situation you may find it interesting to see where my costs differ.
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