ENCT

I don't make $390,000, I don't have net worth of $3,000,000 but I smile every morning I get in my car so it works for me. Just get the car and enjoy it, so much time figuring if you can afford something?
Eric

Gus_Smedstad

I appreciate the supportive remarks, people.

That's excellent for San Francisco. That area is crazy expensive. I've lived in Orange County, the LA area, and the San Ferndando Valley in the past, and none of those was as expensive as SF.

That was my thought, but I didn't want to fight about it. I assume that the people making statements about income were also making assumptions about my overall expenses that aren't true, and ignored what I said about what I spend aside from this silly car stuff. But arguing about that was not my intent when I started this thread.

It is. I think it's the point Porsche stresses the most, actually, though it also includes things like Sport Chrono and Sports Exhaust.

I looked at used cars first. I'm perfectly fine with being the 2nd or 3rd owner, if it's the car I want. The problem was, I wasn't seeing any that met what I felt were my basic requirements, regardless of age.

Those were:

• Manual transmission
• AWD
• Cabriolet
• 4S or better
• Sapphire Blue, Amaranth Red, Ruby Red, or Racing Yellow (Sapphire Blue being my favorite of those)
• Dark leather interior (i.e. black, not beige)

Manual AWD cabs are quite rare, but it was the exterior color that made it a unicorn. I almost caved in on the AWD requirement, because there's a 2015 yellow manual GTS in Arlington that ticks all the other boxes.

Nice looking car, and I tried hard to talk myself into getting it. But both my wife and I talked about the incidents we've had over the years here in the Northeast and decided we really should have at least one AWD car in the garage, and she wasn't willing to give up her manual Cayman S for the car.

I fully admit feeling the pull of New Toy for getting a 991.2. Things like Rear Axle Steering interest me. But I wouldn't have made the decision based on that alone if I felt there were a used alternative.

Yes, I know, the car I just lost, er, traded in ticked 4 of those 6 items, and I'm probably foolish for spending this much money just to tick the other two. Manual vs. PDK's a pretty big checkbox, though.

bkrantz

Once your personal finance knowledge and strategy gets beyond trying to keep montly payments close to your monthly take-home, you should be thinking about long-term goals, and the necessary financial decisions and behavior to get there.

If you can still achieve your goals, and not put other aspects of your future life at risk, then spend away.

917k

Agreed.

TexasPorschelover

agreed xompletely. $210k income too low for $155k car. Perhaps a max would be 20% of annual income should be limit. Reallly I think 10% but that's just me. So if you make $1.5mm that makes sense especially if a second car. But the rest of your finances are part of the equation. I live in a high cost city with 3 kids in private school and put 25% of my income away so I view it through perhaps a tougher lense than others. But still $210k no matter what I would think is too low except for the inheritance factor.

Catorce

You can afford the car if you can pay cash for it, which you basically are.

/END THREAD.

fuddman

Step into the office..

Penn4S

I am getting that troll feeling again. I brushed it off but it's back big time.

mass27

Here let me give it a shot; it appears you can afford the car.

koala

I have a philosophy about time, money and life. I'm 33 years old, and I've found a good balance on this of late.

I feel that it's best to acquire the things you want, within reason, as early on as is prudent. I've wanted a Porsche for a long, long time. I had an order on the original Cayman S back when I was 21~. I had to make the hard decision to back out, as I started a new business at that time.

Fast-forward 11 ish years, and now I'm finally there. My only disappointment is that Porsche went turbo when I was finally ready to jump in. I wanted to do European delivery, PTS and all of that fun stuff. Instead, I've gone for a 991.1 S with 35,000 km on it. I'm trying to look at the upside as that someone else took $40k in depreciation for me.

You paid cash for your car, which is a wise decision. I'm financing mine, because frankly, I really value cash flow.

Anyway, point is - only you can decide how and when to spend your money. Most of us have had to make sacrifices along the way, and I like to think a nice car is a wonderful reward.

Gus_Smedstad

Wow. Just wow. I really wasn't expecting anything a tenth this toxic. Pretty much completely wipes out the positive aspects of this thread for me. And then some, actually.

FLT951

Subscribed to this thread because I just can't believe it.

trayvon

Hey man lol don't get all down because one person decided to be a douche in how they answered your question. You've heard it from a lot of people - you aren't making a poor financial decision. And I think it's normal to feel "icky" spending $150k on a car, at least for a little. Someone else not being able to understand that is their problem, not yours.

Just start counting the days until you get to enjoy that perfect build

Nin Din Din

Relax. Don't over cook this. You were in the position to pull the trigger and you did so. You've spec'd a very nice car. You will enjoy every minute that you drive it.

Best of luck during ownership.

bliq00

OP did save the cash, has a gross income of $17500 a month, and seems to also have the wife's income which they can live off. No other debts and no mortgage. Im thinking he's doing just fine.

As for that pit in your stomach when you buy something, anything expensive, everyone gets it. You wonder if it's worth it, but if it makes you happy and you're not causing problems with other parts of your life than I say go for it.