Feeling a little foolish and weird for spending $150k on a car
08-27-2017, 10:36 PM
#151
Burning Brakes
Couple of days late but yes I totally get where OP is coming from. I had every intention of ordering a GTS in January when I turn in my 2016C2.
Was looking at $160,000 OTD.
I can afford that. I wouldn't need to make sacrifices in other areas to either pay a monthly or simply write a single check and be done with it.
But the more I thought about it the less I wanted to drive around in a $160,000 car. I love the GTS but I love the idea of most of that money continuing to grow in my investments.
I picked up a 964 instead and Im glad I did. I love this car, even more than my 2016C2 and it was less than a third the cost of that GTS.
Was looking at $160,000 OTD.
I can afford that. I wouldn't need to make sacrifices in other areas to either pay a monthly or simply write a single check and be done with it.
But the more I thought about it the less I wanted to drive around in a $160,000 car. I love the GTS but I love the idea of most of that money continuing to grow in my investments.
I picked up a 964 instead and Im glad I did. I love this car, even more than my 2016C2 and it was less than a third the cost of that GTS.
08-27-2017, 11:47 PM
#152
...This is indeed an emotional thing.
It's also an art thing, and a support
of people who make something we
enjoy for a living. Porsche may not
be the romantic company it once
was in our rose-colored glasses,
but I've met a lot of people who
design, engineer, and built these
cars—and am very glad to support
them and their families. I think
their products present very good
value for money...if one can stay
away from the options!
It's also an art thing, and a support
of people who make something we
enjoy for a living. Porsche may not
be the romantic company it once
was in our rose-colored glasses,
but I've met a lot of people who
design, engineer, and built these
cars—and am very glad to support
them and their families. I think
their products present very good
value for money...if one can stay
away from the options!
contributing so frequently to this forum.
I am hopefully getting a '17 .2 991 S
Coupe on Tuesday...in part because
of the intelligent & thoughful things
you have been posting here re: the
.2 991! Your views were also were
instrumental in my decision to order
a '12 987 Boxster Spyder in 2011!
You were a big supporter of that
model too. I still remember well
our conversation at David Mohlman's
pool deck during the Monterey Historics
Car Week many years ago! So hopefully,
I will be joining you soon here on this
forum to continue a thoughful conversation
re: our hobby & these fascinating .1 & .2
991 models!
Saludos,
Eduardo
Scottsdale
08-28-2017, 12:17 AM
#153
RL Community Team
Rennlist Member
Rennlist Member
If you have to ask the question, then it's most likely not the right purchase for you.
These things are purely emotional purchases; reason and logic are about as necessary to such a decision as raw broccoli is in a peanut butter and jelly sandwich.
These things are purely emotional purchases; reason and logic are about as necessary to such a decision as raw broccoli is in a peanut butter and jelly sandwich.
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maschinetheist (10-18-2020)
08-28-2017, 12:17 AM
#154
Rennlist Member
Well stated, Pete! Good to see you
contributing so frequently to this forum.
I am hopefully getting a '17 .2 991 S
Coupe on Tuesday...in part because
of the intelligent & thoughful things
you have been posting here re: the
.2 991! Your views were also were
instrumental in my decision to order
a '12 987 Boxster Spyder in 2011!
You were a big supporter of that
model too. I still remember well
our conversation at David Mohlman's
pool deck during the Monterey Historics
Car Week many years ago! So hopefully,
I will be joining you soon here on this
forum to continue a thoughful conversation
re: our hobby & these fascinating .1 & .2
991 models!
Saludos,
Eduardo
Scottsdale
contributing so frequently to this forum.
I am hopefully getting a '17 .2 991 S
Coupe on Tuesday...in part because
of the intelligent & thoughful things
you have been posting here re: the
.2 991! Your views were also were
instrumental in my decision to order
a '12 987 Boxster Spyder in 2011!
You were a big supporter of that
model too. I still remember well
our conversation at David Mohlman's
pool deck during the Monterey Historics
Car Week many years ago! So hopefully,
I will be joining you soon here on this
forum to continue a thoughful conversation
re: our hobby & these fascinating .1 & .2
991 models!
Saludos,
Eduardo
Scottsdale
P.S. I hate seeing typos in my ramblings, but maybe the bar is lower here on RL and I can just hang out?
08-28-2017, 12:35 AM
#155
Rennlist Member
OP, if you do read this thread again, I think your feeling indicates a positive thing. It shows a connection to normal reality. I've felt it too and it was actually strongest with a far cheaper car due to inferior financial circumstances. I wondered if I was being selfish. I decided I wasn't but I had to work through to the conclusion.
I feel once first your personal needs/goals are met and second you are doing things for others to your satisfaction, you're in the right place. A personal luxury is the icing on the cake of a life well led. From the picture you've painted, it sounds like you've earned a few luxuries for yourself. I think you owe it to yourself to let go of that feeling and enjoy the car.
I feel once first your personal needs/goals are met and second you are doing things for others to your satisfaction, you're in the right place. A personal luxury is the icing on the cake of a life well led. From the picture you've painted, it sounds like you've earned a few luxuries for yourself. I think you owe it to yourself to let go of that feeling and enjoy the car.
08-28-2017, 09:57 AM
#156
You will be fine. While the new car is a depreciating asset it will never be worth 0. Your initial outlay is about $ 80,000. If you trade/sell in 3 years the car will be worth that much. I think the key is that you have NO KIDS. My net worth is over 10x more than yours, but with 3 kids I feel poor.
08-28-2017, 12:53 PM
#160
Racer
Firstly,don't give out personal information like that on a public site. It's no ones business but yours. Secondly,IMHO, your gross income is way too low to justify a car that expensive. Talk to your accountant. Keep the one you have unless there is a problem with it. Yes, yolo but as you approach retirement you may regret the purchase. Of course , all bets are off if you are expecting a large inheritance. And no, you don't have to tell us your fathers net income.
I don't think anyone should put their personal info on here. Also, the original question of whether it is feasible or "foolish" as the original title said to purchase a product of pleasure or service should be one addressed to their accountant or financial adviser if one has one.
With that said, you got a dynamite car - and you're going to love it. Some say that emotional connection to the pleasures of life are priceless.
You'll know whether it was worth it soon enough.
08-28-2017, 03:16 PM
#161
Rennlist Member
Funny you should mention that because my Uber account was taken over by Russians last month. I started getting ride reqests notifications in Russian followed by credit card charges. Uber took care of it.
I would bet that the vast majority of Rennlisters in the 991 forum have net worths over $1 million. I guess we are all targets then?
I would bet that the vast majority of Rennlisters in the 991 forum have net worths over $1 million. I guess we are all targets then?
That said, $1MM is liquid worth is totally different than $1MM in net worth.
08-28-2017, 05:05 PM
#162
As for this thread's purpose in general - it was never my intent to ask anyone if I could afford it. The calculations a few threw out in that regard struck me as ridiculous, ignoring a few basic facts. I have the money, it's coming out of this year's surplus rather than savings from prior years, yes I can afford it.
No, I just wanted to talk about how I felt weird despite being able to afford it. Which is largely about reflexively saving money all my life, and starting off, well not poor, but lower middle class, and like many just getting by in my 20's.
Some buyers here won't be able to relate since they've always had money, or just have an order of magnitude more money than I've ever seen, but I thought some people here could relate, and would appreciate talking about it.
No, I just wanted to talk about how I felt weird despite being able to afford it. Which is largely about reflexively saving money all my life, and starting off, well not poor, but lower middle class, and like many just getting by in my 20's.
Some buyers here won't be able to relate since they've always had money, or just have an order of magnitude more money than I've ever seen, but I thought some people here could relate, and would appreciate talking about it.
08-28-2017, 05:59 PM
#163
I must feel guilty on a subconscious level as well... whenever anyone asks about my car I always find myself pointing out that is preowned, that it was not so expensive... and back in Spain only close family or friends that have visited here know about it, I haven't even told most of my close friends fearing they would not understand it.
Fact is, if I was still in Spain I wouldn't have considered owning one, it would have been considered a total show off thing (and the cost would have been higher as well).
In Miami, they are a dime a dozen and nobody cares, and I definitely can afford it (specially since it is preowned), but I still have to remind myself from time to time that it is OK to enjoy life a bit while you can.
08-29-2017, 01:00 AM
#164
08-29-2017, 02:30 AM
#165
It's a MT, so it's money well spent. Enjoy!