pnoy1.jpgPresident Noynoy Aquino just bought himself a third-hand Porsche. This was confirmed by Presidential Spokesman Edwin Lacierda on Thursday in a report. “It's a private purchase; it came from his own funds.” But according to Lacierda, the luxury vehicle didn't come at top price. “If it was not depreciated, the president wouldn't even buy it, wouldn't even consider it.”

This news comes in the wake of a memorandum the president released last month, which prohibits government agencies from purchasing and using luxury cars. The memorandum emphasized the proper and prudent use of public funds for government vehicles.

President Aquino fielded questions in a Palace interview, in which he clarified that his transaction was private and therefore unaffected by the policy. “Hindi ho gobyerno ang nagbayad niyan. Ibinenta ko po ‘yung isang sasakyan ko at nagkataon ho meron namang buyer na ‘yun po ang ginamit ko pambayad nitong sasakyan ko (The government did not pay for that. I sold my own vehicle and there was a buyer, so I used the money to buy this [Porsche]),” he is quoted as saying.

Female Network wants to know what you think. Should PNoy have bought a Porsche? Take the poll!

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