Eli at Pelican

This is a comparison to the posting: How old were you when you owned your first Porsche

I think it's important to find out "How old were you when you OWNED" your first Porsche.

Yes, Pink Slips in hand..........

I'll start: 30 (2 yrs ago),

lucky for me I was able to purchase it in full..... Mine was a B59 from Brumos in FL......

-Eli

mjet

37 and wish it would have been sooner.

Pheedbak

28 .. picking it up on saturday fingers crossed ....

Eli at Pelican

Pink in hand?


Check out my number of post on this one: 911

TD in DC

31. Perhaps a more interesting question would be how old were you when you were first pwn3d by a 911.

care4era

yeah, I agree. When you owned a 911 as this is the 996 section. For me 35 and I am 35 now. 6 months into it now and 17,000 kms

monabaker

Well, I am 23 now, and I am picking up my first 996 tomorrow if all goes well. I'll have a loan to pay off for a few years, but I guess that makes me pretty young for the 996 board.

pl

27,
always pay cash for cars.
if i don't have enough cash, buy used instead of new.

Eli at Pelican

I can't stand car payments either...... but I might puchase my a truck on payments for some sort of tax reasons.....

-Eli

pl

all my buddies started leasing cars now for tax reason. maybe i am too old-school

P-Car fanatic

26

If i can get a car loan at 5%, then I will defintely get the cheap money and keep liquidity rather than paying outright

Rob in WA

First 911 23

First 996 33

My rule, never take a loan out on something that depreciates.

P-Car fanatic

but if you pay 5% to the bank and can make 10-15% on the money you would spend on the car?......

care4era

I agree, pay cash. I did not really start making big bucks until I was 29 before that a porsche was just a dream.

rcg412

but you can't do that arb riskfree... 5Y loan @ 5.00% vs 5Y UST @ 4.78, is -0.22%

better way to pay for your car is borrow from 0% credit cards, invest risk free @ 4.78%