drcollie

Someone asked me the other day what was my car payment on my 992 and was shocked by my answer, he could not believe it. That led me to thinking, what percentage of 992 owners lease, finance or own outright. So why not have a blind poll and see how we live with our cars? Just for fun...

shrimp money

It’s Rennlist, everyone paid cash. Even when they took out a HELOC, they’ll tell everyone they paid cash.

Tobeit

Sheesh, not again a poll about this topic ...and asking about household income, really? What's next - want to know how many bedrooms our houses have?

Highline-Autos.com

I simply asked the dealership for one for free... the sales guy handed me the keys and said "You'd be be surprised, no one has ever just asked for one before. It is the preferred method considering how little paperwork is involved"

shrimp money

I work for Roomba, and we already know.

icanthelpit

Yep poor manners asking about finances period.

Falcon01

Not OP, but I don't see the problem talking about finances. I'm not 60 though, and I know older people care more about keeping that info private which helped cause the large income disparity in the US.

If you don't want to answer an anonymous survey, that's fine, no one is forcing you to, but there's no reason to **** on the people that feel comfortable sharing that info.

drcollie

LOL, it's a blind poll.....I don't get that the problem is?

Oh, that's right...its RENNLIST - you can say "the sky is blue" here and someone will take issue with that statement and argue that it may be gray, some blue, the clouds make it white,.....blah...blah.

Guzzgreg

Someone where I work kept pestering me about the same thing how much did it cost you, did you pay cash, payments etc. These are educated people BTW but apparently with no manners. Finally after repeatedly ignoring this a-hole I got fed up, I turned looked him right in the eyes and said, "I'll tell you what I paid for my car if you tell me what sexual positions your wife likes best". I said if we're going to get personal lets get REAL personal. He looked at me with disgust walked away but never brought it up again.

detansinn

I’ve had people ask me “what’s the monthly payment on that?” for various vehicles that I own.
It’s a dumb question, because everyone’s situation is very different. Income, credit rating, other expenses, and the reality that people prioritize different things in their lives.

I knew a guy that financed an Aventador, but didn’t even own a house — he rented. His monthly payment on that car would be a mortgage payment for a nice house practically anywhere in the US. So, yeah, people make “decisions”.

The 911 owner community is incredibly diverse. There are folks that buy these cars to be the trophy in the garage reflecting their considerable investment, hard-earned and saved dollars. There are those who daily drive them, because they can’t afford or store multiple cars. There are people who daily drive them, because the 911 is their fun daily and they save their expensive stuff for the weekend.

There are few cars that have demographic diversity of the 911. Most of the population could never afford a Bugatti or Ferrari, but the 911 is an obtainable dream car as these things go.

With that, when I am asked, I offer the following random bits of advice…

• If you are looking at 992 as a monthly payment and stretching at all to make it happen, you probably shouldn’t buy one. The upkeep for these cars is not inconsequential and everything is expensive. There is no $2k aftermarket exhaust for a modern 911.
• Nothing wrong with financing over a conventional 48-60 mo term. While I do buy vehicles in cash, I am not in the “always pay cash” camp and take cheap money when offered. If you can get a good deal on financing and make that your money work elsewhere go for it. Do not finance 72, 84, 96 months — that’s just dumb, please do the math.
• If you do finance, keep your loan amount less than $100k, because you’ll get better rates and a much larger universe of lenders. Plus, your down payment would have been substantial enough that you’ll never be upside-down in the car.
• If you’ve got the cash, we’re in an inflationary environment. Your cash sitting in account is just losing buying power. There’s something to be said for spending that cash on durable goods where the value moves with inflation. If you bought a GT3 with that cash a couple of months ago, you’d be sitting a lot prettier than it being in the markets. Just saying. Yes, they’re depreciating assets, but which way do you prefer to lose your money. 😜
• The best ROI that will get out of a 911 is to actually drive it. The $/mile is a significantly better proposition when you drive and put some miles on the car.
• These are not cars to lease. Leasing is a raw deal and Porsche does nothing to subsidize their leases. If your business leasing it, good luck rolling those audit dice. Exception is Canada.
• For those trying to rationalize these cars with your spouse… The 911 back seats are fun for taking young children for a spin and makes the car imminently practical. If your child requires a rearward facing child seat or entering middle school, these cars aren’t a good choice if you are looking to regularly transport your children.

shrimp money

I think people are curious, and prompted to ask, because they think it’s so out of reach. I’ve lived in my subdivision for 12 years, and 99% sure that my 911 is the most expensive car in the neighborhood. That’s not me bragging by any means, as there are a few that drive $100k Benz’s. But, it’s mostly a Honda, Toyota, Lexus kind of area. Some of the dads have asked me about the car, as they’re into cars a little bit, but none have outright asked it’s cost. As with most things in life, it’s pretty easy to Google the approximate cost of something.

Ran off into a tangent here, but I think folks should feel a little more open. I think common belief is that you spend $160k on a 911, and that money is gone forever, as if you went on a Disney cruise. But the reality, pre Covid, is that the cost of ownership, with taxes and depreciation, are more like $20k-$30k over two years.

dudeoverthere

tacky is when the nieghbor you're not friends with comes over asking how you paid or what the payments are. most everyone else is NBD.

for the record i like the 911 becuase its a great daily driver and can go to the track for fun. it ticks all the boxes and i don't want a bunch of cars.

mmorgan216

I am curious how you think people not willing to discuss personal finances leads to income disparity in the us?

I have had to pay for expert advise my entire life, from college professors, to accountants, lawyers, doctors etc etc. Why should experts in finance give away their expertise?

shrimp money

He/him/his is referring to people doing the same job, but making different hourly wages. COVID has flipped this upside down, and everyone talks about what they make, so they can cohesively threaten to destroy a business, unless all of their wages are brought up to the same level. If a burger flipper now makes $20, the shift lead is going to need $25. If the shift lead makes $25, the store manager now needs $50.

icanthelpit

I think the The/They/Them is just a Woke troll that is bumbed the COVID gravy train is ending and just $10K in a basket weaving student loan is getting forgiven.