Simple, you buy it with the extended warranty and sell it before it expires.

Or, you buy it, drive it only a few miles, then sell it at a profit—because it's a high-end, limited production model. Then take your spoils and buy something else and do it all over again.

It's like a Ferrari, if you can't afford the $2,000 oil change fee, you can't afford the car. In fact, if you are asking the question of how much it costs in the first place, you can't afford the car—just like most of us.

Of course buying anything like the 911R takes piles of disposable income, many, many years of customer relations with your local dealer, and if you have that kind of relationship—maybe, just maybe, you can get on a waiting list for an allocation. Finally, let's not forget the ADM (additional dealer markup), which once again, depends on your standing at the dealership. You are an A-Listed customer, right?

 

Hah!

The old adage of "not confusing money with brains" is alive and well today in today's euphoric 911 market.

No, the only list I am on is the "do not disturb list". The only guys making money off of flipping cars are those with YuTube channels that have enough subscribers that generate revenue streams which make up for their car collection servicing costs and losses. 😂

Appreciate the humor and give and take.

More bullish now than ever over the long term on the 996. Wait till the 991 and 992s come off warranty and folks realize the service costs, can you say panic exit?!

 

Just a minor clarification - that was NOT a 911R. That was a video of the new 911 Sport Classic which is a tribute / heritage car. It's the second one that has been produced, with the Targa being the first of the heritage models. They celebrate a given decade of Porsche cars and utilize different cosmetic parts to do a modernized throwback to older cars. The 911R was a VERY different car - essentially what ended up becoming the GT3 Touring in future model years that followed the 911R.

I 100% agree with the sentiment that cars are getting bigger, more computerized and complicated. They don't even let you see the engine any more! Electronics wont age as well as analog components but hey, at least they're still giving us a analog rev counter! Just like gen Z kids are now buying walkmans and cassette tapes and are fascinated by the old tech, the 992 will eventually be the same when everything goes electric and everything is touch screen in the car.

All that said, I will give Porsche props on what they have done with the Sport Classic. The needed to develop new tooling to produce rear fenders that do not include the typical turbo air intakes and redesign the intercooler placement. All that and they're giving us a turbo powerplant (albeit slightly detuned) with a manual transmission and 3 pedals in 2022!!! How many proper sports cars of this caliber can you buy with this configuration? Also, I think the interior is next level - I love it. It's a different type of a car. It's something you wear, while still very capable. All this in context, the 996 will still remain as one of the lightest and most analog driving experiences you can get from the Porsche family without selling your organs

 

Pete, you are right. I used the video title in my post.

 

Some already have seen the service costs for the failed VTS unit or whatever that sensor is in the PDK that fails. Some dealerships were trying to get owners to pay $20k+ if out of warranty or if they didn't have Fidelity. Curious if these issues will get worse as time goes on, or if the current failure rates will remain the same. Had been thinking about selling the 996 and getting a 991 for something newer, but there's no real reason to end of the day. More cost for likely not more enjoyment, especially for something driven leisurely on nice weekends.

I'll admit that the interior and exterior styling of new cars have come a long way and aesthetically are very pleasing to the eyes, but all the gadgetry that comes with them is too much.

End of the day, 996 hits a sweet spot in many regards. Assuming an owner can get over the hideous headlights though.

 

I have equity in my cars after all the terrible deals iv'e made over the years, i slowly got better at buying and trading, however i was tempted by that rim insurance package those F&I guys are just so compelling..
however my thoughts are I only lose money if I sell, that's the same for the market and our cars.. but on the positive i pick up my 2000 MY 996 Aero car in 7 days.. metallic Black over Natural brown with matching brown gauges....
i did confirm the water pump and low temp thermostat have both been changed within the last 10,000 miles or even less than that...

 

Congrats Gary!

Good news is your timing for the purchase was a good one. You will enjoy 996 ownership. Incredible car!

 

well that remains to be seen, i hope it was ok timing, i do think the 996 hype is not unfounded, and they have been devalued for so long, the right car should not depreciate too much if at all.

 

The people buying 992s (at least of the GT3 flavor) are paying well in excess of $200,000.00 for their cars. I would bet that if you have deep enough pockets for a toy of that magnitude, the cost of operation is probably seen as negligible. Also, drop into the 992 forums sometime. The typical owner usually has other interesting (expensive) toys in their garage.

Not complaining about someone doing well, but I very much doubt there will be much panic amongst those buyers. The people that panic are those that buy everything at the limit of their credit and usually are upside down in their cars.

 

These are not investments, they are special cars to be enjoyed as they were meant to be driven. You want an investment, buy property or the right stocks.

Congratulations on your new car. They are fun, but the cost of ownership is not something you sould be looking to get back in dollars. Every mile is measured in joy. Well, until something breaks.

 

in America different than other cultures people live pay check to pay check. Most people are not financially Savy at all, how much is the payment, oh yeah I can afford it. Financial education is lacking big time. Anyway I started saving at 8, investing at 16, retired at 45. For me saving was the number one item in my budget, saving first then I lived with the rest My minimum saving rate was always 20 percent ideally 30 percent. Now I’m spending money for the rest of my life, you can’t take it with you. Big problem here people don’t understand the differences between wants and needs. Dave Ramsey should be a staple in America like meat and potatoes.

 

Excellent work!

Yes, Ramsey's Financial Peace should be ubiquitous in our culture. It would change our world for the better.

 

Thanks, i don't see cars as an investment, for that i have my US modern quarters, i have all 48... i would however be happy to not lose too much money however, because when in retirement in the next couple of years i will inevitably downsize my fleet.

 

In my opinion Ramsey is good for people who have no idea about personal finance or get themselves into trouble, which of course is a lot of people, but outside of that I don't know that what he has to say is all the beneficial. Maybe I am remembering wrong but I am pretty sure he suggests buying a home in cash which isn't going to happen for 99% of people, same with a car. Or that you should never pay for anything with a CC? Pretty much only good advice for people that can't stay out of debt.

 

i like some stuff he says, like people living in a trailer but having a $700 car payment, making a budget that’s supper important. I tell people carry a little notepad with you and for a month even that pack of wrigleys bubble gum, put every penny you spend on that notebook, you are going to see in paper and pencil where your money is going. Then do your budget with savings being first. Anyway I took my wife to one if his trainers, because I couldn’t train her. Guess what it didn’t work. At one point she made more money than me, she has worked and gotten to top positions vice President at JPM, i got to meet mr. Rock star himself Jamie Diamond, she worked at shell also Exxon Mobil. Anyway she has bad credit, negative net worth, student loan debt, she’s making back tax payments. Is not the ability of someone to make money is what you do with it. I have some retired friends that never made $100k in a year and they are millionaires today, how many athletes and super stars are bankrupt today. Credit cards , i complete disagree with him, the problem is most people don’t have self discipline, they overstretch and then when payment time comes in they can pay it all. One of my dearest friends found himself with $40k debt, almost loosing his house, guess what, after consulting with a Ramsey trainer he declared himself bankrupt. Today he’s good and he understands he’s not good with credit cards so he pays cash for everything. I don’t buy anything unless I can pay for it. Last year on 3 of my 15 credit cards I got $2750 back. My Amex gives me 6 percent at supermarkets, I use the discover 5 percent rotating categories. When you have many credit cards your available credit is huge. Yes my credit score is above 800. Now and here I disagree with Ramsey when I go to buy something if I get cheap financing, I don’t pay cash, because I can leave my money invested and make more money. When I bought my truck I got $2500 discount for financing with Ford, then I went to the credit union shell federal refinanced at 3 years, 1.49 percent interest and got a $250 kick back. Remember with the pandemic it was recognized that over 70 percent off the population didn’t have $1000 saved for an emergency. That’s why they came up with the stimulus checks. A thing that Ramsey says which I agree with is the stuff you do today ie buying that new car will have a repercussion 20 years down the road, if you would have done something else with that money. My wife and I love her to death sometimes buys 3 $5 Starbucks a day. Long time ago since I couldn’t get her straight we decided to be divorced financially. She is my 100 beneficiary but she has no access to the accounts, also i don’t have any life insurance and I always tell her, you should be set up for life, but if you do crazy things with the money if it runs out that be on you, I’ll be at happy hour somewhere in another world. If you want to see how the average population is doing research average retirement account balance by age and you will see, it also will tell you where you are. Yes I have bought cars for cash, but I always try to get them to take my credit cards so I get the rewards. AT&T reported earnings yesterday, people are already behind paying their cell phone bills. If you can manage money congratulations, most people can’t, even the government can’t balance a checkbook.