Buying a Porsche - Advice, financing
#47
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Im just a simple guy who through hard work is finally able to afford a NEW 911 (I dont like to buy used stuff - If you have to buy a used car then maybe you can't really afford a porsche --- just kidding
. I dont want to start another controversy). It'll be my first and last one probably. I have worked hard all of my life and my walls have been filled with posters of Porsches all my life. Finally I'll be able to afford a 911. I know Im losing a bunch of $$$ in the first year but thats ok.
![Smilie](https://rennlist.com/forums/images/smilies/smile.gif)
You mentioned liking your color choice partly because you'd seen it a lot. Some potentially very nice options out there are hard to choose simply because it is so hard finding examples to know what you're really getting into. In my case for example I'm really liking Anthracite Brown over Espresso full leather, even though I've seen no real life examples. With painted vents, dash, door and center console trim in body color, should be a very rich, sophisticated look. Check out Z356 posts on these kinds of options. Guys like us, we get maybe one chance (if we are lucky) at something like this, might as well take the time to do it right.
Good luck!
#48
Three Wheelin'
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Well My friends I road tested a 911 cabriolet S (991) manual, today. Im addicted to Porsche, I have become a junkie
. Im still shopping around but I still need your help guys with some questions.
This is my build, any ideas???
911 Carrera S
$96,400
Premium Package Plus
$4,650
BOSE® Audio Package
$2,420
Dark Blue Metallic
$710
Platinum Grey leather seats
$1,555
ParkAssist (front and rear)
$990
Rear windshield wiper
$360
20-inch Carrera S wheel
$0
Wheel center caps with colored Porsche Crest
$185
Power Sport Seats (14-way)
$0
Smoking package
$0
Steering wheel heating
$270
Destination Charge: $950
TOTAL: $108,490
Any ideas will be truly appreciated.
Questions:
1) At what point you apply for the car loan? When you give the first deposit? after the second deposit? When you place the order? When the car is in the port? When the Car is ready to be picked up?
2) do you recommend Porsche financing? Whats a good % to get?
3)is park assist worth the grand?
Thanks guys
![Smilie](https://rennlist.com/forums/images/smilies/smile.gif)
This is my build, any ideas???
911 Carrera S
$96,400
Premium Package Plus
$4,650
BOSE® Audio Package
$2,420
Dark Blue Metallic
$710
Platinum Grey leather seats
$1,555
ParkAssist (front and rear)
$990
Rear windshield wiper
$360
20-inch Carrera S wheel
$0
Wheel center caps with colored Porsche Crest
$185
Power Sport Seats (14-way)
$0
Smoking package
$0
Steering wheel heating
$270
Destination Charge: $950
TOTAL: $108,490
Any ideas will be truly appreciated.
Questions:
1) At what point you apply for the car loan? When you give the first deposit? after the second deposit? When you place the order? When the car is in the port? When the Car is ready to be picked up?
2) do you recommend Porsche financing? Whats a good % to get?
3)is park assist worth the grand?
Thanks guys
#49
Three Wheelin'
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+1000 I would never "buy" a depreciating asset. I get bored far too easily, and love the convenience of leasing. you pay a tick more in the LT, no doubt, but you always have something new / better. Those that have 15-20 year old porsche's and tell me they still Love them (as much as the new 991) are frankly drinking the proverbial Koolaid
#50
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But for my mental wellbeing I make sure I have a couple of years' depreciation at a min. as a down pmt. Then depending on rates fin over 3-5 (typically pay off early).
#51
Rennlist Member
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Totally agree. I do (partially) finance my cars. When rates are this low - assuming you have 770+ FICO (I suggest that when buying a P-car then this should be in the zone) you in effect have a leveraged loan. The only time this has not worked for me - ie investments return > loan cost, was from 3Q-07 to 1Q-09. But I keep a spreadsheet and I am way up.
But for my mental wellbeing I make sure I have a couple of years' depreciation at a min. as a down pmt. Then depending on rates fin over 3-5 (typically pay off early).
But for my mental wellbeing I make sure I have a couple of years' depreciation at a min. as a down pmt. Then depending on rates fin over 3-5 (typically pay off early).
You'll also keep more of your cash.
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maschinetheist (08-31-2020)
#52
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My two cents: as long as you are taking care of your other obligations (family, retirement, etc) why not live a little along the way. If you can afford to put 75% down and finance the other 25% and easily pay your other bills, you can afford this car. Life is too short to be all about the $$$. Funny how we all have things that are just not worth it. I will spend $100k on this car but won't pay $5 for a cup of coffee at Starbucks. Not because I don't love the coffee but it's just not worth the money to me. Gotta be able to live with the decisions you make.
BTW-my credit union is offering 1.74% for up to 6 yrs.
BTW-my credit union is offering 1.74% for up to 6 yrs.
#53
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Join Date: Dec 2009
Location: Southern California
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Being a sensible guy, that sounded like terrible advice when I read it about 45 years ago, and it really is a terrible thing to tell a person who inclines to... let's say personal indulgence. But over the years I've realized the value in it. Indulgent people, especially self-indulgent ones, always will be that way, whatever advice they read. For the rest of us...
I took it as marital advice for sensible people and treated it that way. I always budgeted luxuries for her first, because I learned that I worked as hard as was needed to make the essentials happen. I might have just said "It's only a whim" if it came to working a second job to get one of us a toy, but the toys illuminate a life. The essentials just are. Essential that is. So we work as hard as we must to take care of those, but it's very easy to lose track of lighting up the rooms we build that way.
She managed to tempt me occasionally into luxuries like sports cars and diving gear and flying, so it wasn't one-sided, but I had to think of that rule as being advice for treating one's family, or it would have felt self-indulgent and I grew up with a horror of that sin. On the evidence, Cindy thought of it the same way in reverse. It worked for us for fifty years, so I commend it to all the sensible people I know.
Budget the luxuries first. Then work your *** off providing the essentials.
You can feel secure in the grave.
Gary, indulging himself now
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maschinetheist (08-31-2020)
#54
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Good build. Parking assist for the rear comes standard with my Cab and I wouldn't have ordered it, but find it works well and is helpful occasionally. As for the rest of the debate, let me quote a pretty smart guy: "Always budget the luxuries first."
Being a sensible guy, that sounded like terrible advice when I read it about 45 years ago, and it really is a terrible thing to tell a person who inclines to... let's say personal indulgence. But over the years I've realized the value in it. Indulgent people, especially self-indulgent ones, always will be that way, whatever advice they read. For the rest of us...
I took it as marital advice for sensible people and treated it that way. I always budgeted luxuries for her first, because I learned that I worked as hard as was needed to make the essentials happen. I might have just said "It's only a whim" if it came to working a second job to get one of us a toy, but the toys illuminate a life. The essentials just are. Essential that is. So we work as hard as we must to take care of those, but it's very easy to lose track of lighting up the rooms we build that way.
She managed to tempt me occasionally into luxuries like sports cars and diving gear and flying, so it wasn't one-sided, but I had to think of that rule as being advice for treating one's family, or it would have felt self-indulgent and I grew up with a horror of that sin. On the evidence, Cindy thought of it the same way in reverse. It worked for us for fifty years, so I commend it to all the sensible people I know.
Budget the luxuries first. Then work your *** off providing the essentials.
You can feel secure in the grave.
Gary, indulging himself now
Being a sensible guy, that sounded like terrible advice when I read it about 45 years ago, and it really is a terrible thing to tell a person who inclines to... let's say personal indulgence. But over the years I've realized the value in it. Indulgent people, especially self-indulgent ones, always will be that way, whatever advice they read. For the rest of us...
I took it as marital advice for sensible people and treated it that way. I always budgeted luxuries for her first, because I learned that I worked as hard as was needed to make the essentials happen. I might have just said "It's only a whim" if it came to working a second job to get one of us a toy, but the toys illuminate a life. The essentials just are. Essential that is. So we work as hard as we must to take care of those, but it's very easy to lose track of lighting up the rooms we build that way.
She managed to tempt me occasionally into luxuries like sports cars and diving gear and flying, so it wasn't one-sided, but I had to think of that rule as being advice for treating one's family, or it would have felt self-indulgent and I grew up with a horror of that sin. On the evidence, Cindy thought of it the same way in reverse. It worked for us for fifty years, so I commend it to all the sensible people I know.
Budget the luxuries first. Then work your *** off providing the essentials.
You can feel secure in the grave.
Gary, indulging himself now
The following users liked this post:
maschinetheist (08-31-2020)