First Porsche - allocating 60k for it, what should I get?
10-13-2009, 04:41 PM
#16
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Here is some sage advice before you purchase any $60K Porsche model:
1) Have about $5K in the bank (cash) for unscheduled maintenance and sorting-out of a used car
2) You should have ZERO credit card debt (in fact your only debt should be your mortgage, and that should be 0 too in a perfect scenario)
3) Is your 401K fully funded for 2009 ($16,500)? If not, do that first.
4) Kids? Are their college savings funds up to snuff?
5) Put another $5K away for your supplemental self-funded IRA
6) Spouse? Do #3 and #5 for her too
Now, I realize this is not the "fun" thing to do, but it is the "responsible" thing to do. Yes, I have been rightfully accused of being more responsible than fun. Sorry! It works for me, and no one can take my toys away.
1) Have about $5K in the bank (cash) for unscheduled maintenance and sorting-out of a used car
2) You should have ZERO credit card debt (in fact your only debt should be your mortgage, and that should be 0 too in a perfect scenario)
3) Is your 401K fully funded for 2009 ($16,500)? If not, do that first.
4) Kids? Are their college savings funds up to snuff?
5) Put another $5K away for your supplemental self-funded IRA
6) Spouse? Do #3 and #5 for her too
Now, I realize this is not the "fun" thing to do, but it is the "responsible" thing to do. Yes, I have been rightfully accused of being more responsible than fun. Sorry! It works for me, and no one can take my toys away.
10-13-2009, 05:02 PM
#17
Burning Brakes
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Here is some sage advice before you purchase any $60K Porsche model:
1) Have about $5K in the bank (cash) for unscheduled maintenance and sorting-out of a used car
2) You should have ZERO credit card debt (in fact your only debt should be your mortgage, and that should be 0 too in a perfect scenario)
3) Is your 401K fully funded for 2009 ($16,500)? If not, do that first.
4) Kids? Are their college savings funds up to snuff?
5) Put another $5K away for your supplemental self-funded IRA
6) Spouse? Do #3 and #5 for her too
1) Have about $5K in the bank (cash) for unscheduled maintenance and sorting-out of a used car
2) You should have ZERO credit card debt (in fact your only debt should be your mortgage, and that should be 0 too in a perfect scenario)
3) Is your 401K fully funded for 2009 ($16,500)? If not, do that first.
4) Kids? Are their college savings funds up to snuff?
5) Put another $5K away for your supplemental self-funded IRA
6) Spouse? Do #3 and #5 for her too
10-13-2009, 05:02 PM
#18
Here is some sage advice before you purchase any $60K Porsche model:
1) Have about $5K in the bank (cash) for unscheduled maintenance and sorting-out of a used car
2) You should have ZERO credit card debt (in fact your only debt should be your mortgage, and that should be 0 too in a perfect scenario)
3) Is your 401K fully funded for 2009 ($16,500)? If not, do that first.
4) Kids? Are their college savings funds up to snuff?
5) Put another $5K away for your supplemental self-funded IRA
6) Spouse? Do #3 and #5 for her too
Now, I realize this is not the "fun" thing to do, but it is the "responsible" thing to do. Yes, I have been rightfully accused of being more responsible than fun. Sorry! It works for me, and no one can take my toys away.
1) Have about $5K in the bank (cash) for unscheduled maintenance and sorting-out of a used car
2) You should have ZERO credit card debt (in fact your only debt should be your mortgage, and that should be 0 too in a perfect scenario)
3) Is your 401K fully funded for 2009 ($16,500)? If not, do that first.
4) Kids? Are their college savings funds up to snuff?
5) Put another $5K away for your supplemental self-funded IRA
6) Spouse? Do #3 and #5 for her too
Now, I realize this is not the "fun" thing to do, but it is the "responsible" thing to do. Yes, I have been rightfully accused of being more responsible than fun. Sorry! It works for me, and no one can take my toys away.
Very responsible, well thought out and smart!
10-13-2009, 05:06 PM
#19
Rennlist Member
Here is some sage advice before you purchase any $60K Porsche model:
1) Have about $5K in the bank (cash) for unscheduled maintenance and sorting-out of a used car
2) You should have ZERO credit card debt (in fact your only debt should be your mortgage, and that should be 0 too in a perfect scenario)
3) Is your 401K fully funded for 2009 ($16,500)? If not, do that first.
4) Kids? Are their college savings funds up to snuff?
5) Put another $5K away for your supplemental self-funded IRA
6) Spouse? Do #3 and #5 for her too
Now, I realize this is not the "fun" thing to do, but it is the "responsible" thing to do. Yes, I have been rightfully accused of being more responsible than fun. Sorry! It works for me, and no one can take my toys away.
1) Have about $5K in the bank (cash) for unscheduled maintenance and sorting-out of a used car
2) You should have ZERO credit card debt (in fact your only debt should be your mortgage, and that should be 0 too in a perfect scenario)
3) Is your 401K fully funded for 2009 ($16,500)? If not, do that first.
4) Kids? Are their college savings funds up to snuff?
5) Put another $5K away for your supplemental self-funded IRA
6) Spouse? Do #3 and #5 for her too
Now, I realize this is not the "fun" thing to do, but it is the "responsible" thing to do. Yes, I have been rightfully accused of being more responsible than fun. Sorry! It works for me, and no one can take my toys away.
10-13-2009, 05:44 PM
#21
Instructor
Thread Starter
Here is some sage advice before you purchase any $60K Porsche model:
1) Have about $5K in the bank (cash) for unscheduled maintenance and sorting-out of a used car
2) You should have ZERO credit card debt (in fact your only debt should be your mortgage, and that should be 0 too in a perfect scenario)
3) Is your 401K fully funded for 2009 ($16,500)? If not, do that first.
4) Kids? Are their college savings funds up to snuff?
5) Put another $5K away for your supplemental self-funded IRA
6) Spouse? Do #3 and #5 for her too
Now, I realize this is not the "fun" thing to do, but it is the "responsible" thing to do. Yes, I have been rightfully accused of being more responsible than fun. Sorry! It works for me, and no one can take my toys away.
1) Have about $5K in the bank (cash) for unscheduled maintenance and sorting-out of a used car
2) You should have ZERO credit card debt (in fact your only debt should be your mortgage, and that should be 0 too in a perfect scenario)
3) Is your 401K fully funded for 2009 ($16,500)? If not, do that first.
4) Kids? Are their college savings funds up to snuff?
5) Put another $5K away for your supplemental self-funded IRA
6) Spouse? Do #3 and #5 for her too
Now, I realize this is not the "fun" thing to do, but it is the "responsible" thing to do. Yes, I have been rightfully accused of being more responsible than fun. Sorry! It works for me, and no one can take my toys away.
1. can be done
2. i never believe in credit card debt so that's taken care of. i have 2 debts.. mortgage and the m3 payments. bought the m3 new so it's financed, but i probably won't finance the porsche, so i can keep it at 2 debts even with the porsche
3. still long way from retiring, so i think 401k is just something i put aside for a long time..
4. no kids.. no gf yet even hehe.. kinda good and bad i guess
5. can be done
6. as single as i was born!
hope above will still enable me to have fun hehe =)
10-13-2009, 05:53 PM
#23
Instructor
Thread Starter
Give us more information so we can give you better advice.
What do you want from the car? Will it be a daily driver or a weekend car? Do you plan to track it? Do you want a pristine concourse car you can look at and pamper over the weekend or do you want to drive the car near the limits and not care if you get a few rock chips or how many miles you put on it? How much do you care about depreciation? How many miles do you think you'll put on per year? Do you live near highways or twisty back roads?
What do you want from the car? Will it be a daily driver or a weekend car? Do you plan to track it? Do you want a pristine concourse car you can look at and pamper over the weekend or do you want to drive the car near the limits and not care if you get a few rock chips or how many miles you put on it? How much do you care about depreciation? How many miles do you think you'll put on per year? Do you live near highways or twisty back roads?
Been longing for a Porsche since as long as I can remember. It wasn't a ferrari, lambo, or TVR or anything.. Just for some reason, it's always been a Porsche from way beginning, so I must have one.
So I won't be driving all that much, but this will get driven twice a wk (weekends) + some sunny weekdays. This will not be a garage decoration for sure. Not sure I will track yet, but I can see me doing that maybe a few times during its life. So maybe around 5k miles a year on it?
Depreciation is non-issue. I am keeping this baby for life.
And gas mileage isn't a big issue. It's just that I found it a little surprising that it's not that good. I believe 997TT gets 19/27? I always thought FI was "friendlier" on gas than NA, isn't that why BMW and audi are also going FI?
But sounds like overwhelmingly the 993TT has been getting the most votes.
10-13-2009, 06:01 PM
#24
Agent Orange
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For $60K I'd get a 964 turbo 3.6. That was really the best turbo ever made - last of the single turbo & RWD generation. Sure, you can convert a 993TT to RWD, but to drive one the way it was intended is on a completely different level. The single turbo can be a real thrill once boost kicks in. That being said, you won't be disappointed by a 993TT either
10-13-2009, 06:08 PM
#25
Rennlist Member
The Turbo is a fantastic car and many view it as the pinnacle of the production 993s. I however, prefer NA. I like the linear power of NA vs. the peaky power of turbo cars. I live downtown in a dense city and don't get on highways much so lots of stop and go and few opportunities to let turbos spool. When I take the car to play, I do it in twisty roads and I rather have NA power for that vs. the less predictable turbos which can spool at the wrong time. As such, the AWD and heavier turbo (~3,300lbs vs ~3100) feels much more sluggish in stop and go until it spools but then there is no contest. To me, the turbos seem like an excellent high-powered cruiser and the ticket if you do lots of hwy driving but I would stick with NA if you want a more tossable and visceral car. With your budget, I would look at a turbo if that's the way you choose to go or a C2S if you choose to go NA. Best of luck with your search.
10-13-2009, 06:14 PM
#26
Boost Junkie
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I'd say turbo but then I'm biased. Maintenance is somewhat more but not a lot. You'll burn through more tires. Oil changes are the same. I get around 15mpg around town if I don't get into the boost TOO often and 24-25 on the highway when I stay within shouting distance of the speed limit.
good luck
good luck
10-13-2009, 07:05 PM
#27
I'm in the exact same situation with about $60KUS to spend right now. Take your time and look at lots of cars...the right car will "speak" to you There have been a number of nice 20,000 mile C2S/C4S cars for sale lately in the low $40K range. That is a lot of car for the money and about $20K less than a comparable turbo!
There have been a number of nice 20,000 mile C2S/C4S cars for sale lately in the low $40K range. That is a lot of car for the money and about $20K less than a comparable turbo!
10-13-2009, 08:06 PM
#29
Drifting
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So if you still have $60K to spend, I'd diversify and get a $20K '87-'89 3.2 G50 cab and a $40K 996TT. Best of both worlds, but that's me...
996 GT3 is also in the price range, but still depreciating. The 993TT is the best "investment" (OK, I said it) of the bunch.
10-13-2009, 08:10 PM
#30
Here is some sage advice before you purchase any $60K Porsche model:
1) Have about $5K in the bank (cash) for unscheduled maintenance and sorting-out of a used car
2) You should have ZERO credit card debt (in fact your only debt should be your mortgage, and that should be 0 too in a perfect scenario)
3) Is your 401K fully funded for 2009 ($16,500)? If not, do that first.
4) Kids? Are their college savings funds up to snuff?
5) Put another $5K away for your supplemental self-funded IRA
6) Spouse? Do #3 and #5 for her too
Now, I realize this is not the "fun" thing to do, but it is the "responsible" thing to do. Yes, I have been rightfully accused of being more responsible than fun. Sorry! It works for me, and no one can take my toys away.
1) Have about $5K in the bank (cash) for unscheduled maintenance and sorting-out of a used car
2) You should have ZERO credit card debt (in fact your only debt should be your mortgage, and that should be 0 too in a perfect scenario)
3) Is your 401K fully funded for 2009 ($16,500)? If not, do that first.
4) Kids? Are their college savings funds up to snuff?
5) Put another $5K away for your supplemental self-funded IRA
6) Spouse? Do #3 and #5 for her too
Now, I realize this is not the "fun" thing to do, but it is the "responsible" thing to do. Yes, I have been rightfully accused of being more responsible than fun. Sorry! It works for me, and no one can take my toys away.