View Poll Results: How are you buying your 911?
100% cash
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122
48.61%
Financing with down payment
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114
45.42%
Leasing
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11
4.38%
Other
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4
1.59%
Voters: 251. You may not vote on this poll
How are you buying your 911?
#47
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[QUOTE=kpblade;17151254]
I ended up going through a credit union for 1.99 for 60 mos, (with 53k down), I was considering PFS and it was still 2.99 as of the end of last week
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#48
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All persons have various options that make sense to them. My preference is to have zero debt, and cars are toys which I pay for upfront. My investments strategy takes priority over all expenses, and a car budget I use when I can fund 100% of the purchase. Just not a fan of personal debt, and god knows I had my share/once you make it go away frankly you don’t want to see it again.
The following 4 users liked this post by Maverick787:
510michael (01-09-2021),
Bluehighways (01-09-2021),
Freddie Two Bs (01-09-2021),
mdrobc1213 (01-13-2021)
#49
Rennlist Member
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This! As far as I am concerned this is a completely useless / unnecessary purchase. So you either have the $$ or don't.
For things like this, I save 1st, make my investments ahead and when there is enough funds in the car / toy account I pull the trigger.
For things like this, I save 1st, make my investments ahead and when there is enough funds in the car / toy account I pull the trigger.
#50
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Just thought I'd ask. I'm assuming that most people are not coughing up $120-$160k cash to buy this car, but who knows?
Many of you are cycling your 911s every couple of years, so I wonder how you are financing that as well?
I bought mine up front with cash. This is my 1st 911 (and first Porsche) and I've only bought cars that way. But that may not be the way I do this in the future. Please vote and share your experience. Thanks
Many of you are cycling your 911s every couple of years, so I wonder how you are financing that as well?
I bought mine up front with cash. This is my 1st 911 (and first Porsche) and I've only bought cars that way. But that may not be the way I do this in the future. Please vote and share your experience. Thanks
#51
Pro
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If you have a well balanced portfolio temporary market declines like we currently have aren't devastating - just a fact of life. Not out to give financial advice - but I'll render this opinion. If a market turndown means you lose the value "equivalent" temporarily of something you are considering buying you probably shouldn't buy it to begin with. At this point in life I only pay cash for cars.
Last edited by mksz51; 02-23-2022 at 10:59 PM.
#52
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If you have a well balanced portfolio temporary market declines like we currently have aren't devastating - just a fact of life. Not out to give financial advice - but I'll render this opinion. If a market turndown means you lose the value "equivalent" temporarily of something you are considering buying you probably shouldn't buy it to begin with. At this point in life I only pay cash for cars.
#53
Instructor
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Seriously though - I planned on paying all cash, the vacillated to financing some. I am back to just paying cash.
#54
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Used Rolex Submariner - Stainless Steel......originally $5k..........used now $13k to $15k. Porsche availability is next to nil, 992's commanding a premium as a result (I see a lot more people checking out my car now).........now with stocks correcting and Russia invading........almost want to track what this does to Porsches and the Rolex market......crazy times my boys.
#55
Instructor
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Used Rolex Submariner - Stainless Steel......originally $5k..........used now $13k to $15k. Porsche availability is next to nil, 992's commanding a premium as a result (I see a lot more people checking out my car now).........now with stocks correcting and Russia invading........almost want to track what this does to Porsches and the Rolex market......crazy times my boys.
#56
Burning Brakes
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I have never financed a car . I tried leasing once (BMW) and hated it . I pay cash . I like having my name on the title . For me the pride of ownership is old school but works for me . I didn't finance my house either.. I lived in it fir 30 years and its now worth 5 times more . (maybe more) . I could have bought a bigger home later on in life or a more expensive car and didn't want to. I hate the feeling of owing money . Its even worse on a depreciating item. The lure of low interest does nothing for me. The day you dont make that payment too find out how quickly its not yours . Plus if I lost it all then I have my home and cars as a sold nest egg of equity . That takes a lot of worry away . I think most have to choose what they find comfort in .
Last edited by yrralis1; 02-24-2022 at 05:09 AM.
#57
Instructor
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written by a person who has enjoyed bull markets but has also weathered a few bears too.
we are debt free and intend to either write a check or put down $100k and pay the balance within six months.
I plan to keep the car for at least ten years if not longer.
Last edited by ron4sc; 02-24-2022 at 09:13 PM.
#58
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I always use cash for my vices and luxuries (which includes my sports cars). Just the way I roll…..and my prostitutes appreciate the $. Cash upfront puts them in a better mood.
#59
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FYI, PenFed is offering 2.39% up to 72 months for new and 2021+ cars with under 7500 miles. This includes refinancing already financed vehicles.
#60
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None of anyone's business should be a poll choice.