gatorfast

I dont think anyone is hating, more just confused. Typically when one is still living at home when "of age" its because they are still trying to get on their feet and earn enough to afford a place of their own. Nothing wrong with that at all and many people, if not most, go through it. Its generally a necessity, not a desire. But to be making large sums of money and buying multiple Porsches when living with your parents, thats just bizarre (at least to me it is). Most people want the personal freedom that comes with living on your own.

I think your scenario of leaving your elderly parents to rot away is way off base and not what we are walking about here.

rhk118

While interest rates still low finance as much of it as you can. Everyone has been calling the stock market about to crap the bed for months now....likely not until next spring if at all, but you have a long life ahead of you to keep that $$$ invested and you will make more in the long run with the law of averages that way. Worst case you pay a few grand in interest but have a heck of a hoot of a car to drive! Good on you!

LloydPancakes

DON'T FEED THE TROLLS

3-Pedals

This.

OP is trolling.

chalkboy

Thanks for all of the replies so far. Appreciate the positivity. I'll definitely be checking out BoA, Penfed, Lightstream this weekend.

As for the confusion, it's understandable. Happy to expand on some more things. I'm not a troll though, just a bit new to the game. I work in engineering in big tech - pay is great and I'm very fortunate. As for living at home, moved back to take care of my dad before he passed. Live with my mom and have been helping her get back on her feet. So yes it's a bit outside the norm. Either way gotta have some fun every now and then.

Back to the financing piece...not big on keeping a ton of cash ever. I defer a lot of incoming cash to other investments and add to my company stock grant.
As for some of the other q's...Already have a 991.1, I'd like to stick with the newer platform. The dealer I've been looking at primarily is independent so don't think PFS/PNA would qualify unless there is something I don't know. Seems like it might be best in the long run credit-wise to go with BoA even if they do require ~40% down...

Mussl Kar

Have 300-400k income and cannot source a car loan on your own? Buy through a dealer and let them run the finance. They will get a bone from the bank and be happy. You will pay a pittance more. And the dealer will be much happier to help you the next time.
It is nice having a GT3 (or several ) in your stable. Even nicer to have OPR marks all over the front because you are having fun with it.

konaforever

I don’t think you’re in troll. I figured you were an engineer in tech. RSUs have been doing great these last few years. And that income is very doable at the large tech companies.

vernontwg

Lot of people don't understand Asian culture, living at home and saving and helping take care of parents is very common. My suggestion is to go with TechCU. Silicon Valley based and they deal with a lot of tech people and shouldn't have trouble approving you. Borrow money for cheap now before inflation shoots rates up in 6 months.

Randy M

The way the US is going, if I was 25 I might do the very same thing...

Jbravo23

Finance ~ $120k from the dealer. Sure you’ll get a high rate but who cares in the long run you’re building your future finance amount. After 6 months or when you get to about 100k refinance with DCU @ 1.49%.

Now next time you look for a loan you should be able to get at least 60% more. This worked for me. Let all my money work for me. Paid the car off in 16 months and recently was pre approved for 3 times my original amount. Classic 911 now in the works. Rinse, repeat and most importantly drive!

Norcalgt3

As someone else in bigtech at G, just make sure your finances are sound. These jobs can come and go and remote policies can change. 300-400k for junior engineers are only applicable in NY or SF, so I suspect you're remote temporarily for now. Keep in mind, there may be pay adjustments for living elsewhere cheaper.

famoruwa

Trust me, the car is great, but if I were in my mid-20's again with that cash flow, I'd start with real estate, even if it's just a tiny condo. You'll have a place to park that GT3/RS after you close on the property.

mooty

yes, we don't leave the elders behind.
when I lived at home, my expenses were way bigger, b/c I paid for everything and every one.
and dad still thinks I was 15 yo, tells me to fix sprinklers, lights, clean the floor etc... when I have an entire team doing that for me in the office ... such is life

mooty

I was ex banker
HELOC is a product we financial engineers made to fk you all up.
reverse mortgage
40 year mtg
CMBS
MBS
I spend a lot of time in the dungeon creating these toxin...
it's way better to finance a car then using HELOC.
even at 2x the rate

Sunny_M3

I used woodside, it was good for me.