pl

It’s kind of weird to discuss financial stuff, but this is internet, who knows I am dog, so I go ahead any way.
I am a relatively young guy( close to 30s), my income is 150K/yr, after tax, has 500K mortgage on a 1,1M house. A wife, 2 small kids.
I am struggling about buying a 997. After reading the great post: (Do you drive the Porsche to a client office?) I decide to keep my daily drive, a Toyota. And only use p-car as a weekend-fun car. Then I find myself don’t get enough seat time. I live in a state with very high insurance cost (the quote I got is 4800/yr), too.
Accumulating $$ is not the purpose of my life. But, is the p-car too expensive to enjoy?
Any thoughts are welcome.

OCBen

Is that 150k US Dollars? Are you kiddin' me? Now if your P-car happens to be a Carrera GT I might say maybe, especially with a family of four. But a base 997??? Guys making a third of what you're making don't even bat an eye when it comes to paying for one of these. Go ahead and go for it, unless of course your wife has veto power.

texas911

Having a 997 as a weekend car is not a bad idea, its kinda like a treat for the end of a work week. Makes it more special when you drive it. But if you don't want that, trade the 997 and Toyota in for a daily car that will give you thrills. M5? E55?

1999Porsche911

I only pay cash for cars, so if you have the cash, go for it. Never finance anything that depreciates.

OCBen

Ditto!

9Eleven

Funny, your financial situation is very smiliar to mine, only no kids. Wait and see what the 997 GT3 turns out to be. For a weekend driver, it's hard to beat. I don't track mine, just drive it through the country.......very fast.

THPorsche

$4800 per year for insuring something that parks in the garage 261 days a year is a lot of money...

MJones

You only go around once !!!

Write a check
Buy the car

Enjoy!!!

1999Porsche911

$4800!!! Who is your insurace agent?? Are you in the States? That is more than I pay for all 6 of my cars with and 18 and 19 year old on the policies.

pl

my predicate (female > 50s) drives E55, i appreciates her taste on cars, and in her waiting room, i saw Dr. Dobb's Journal !

pl

i got ticket every year. but somehow kept no points on my lic.
again, i live in a state where auto-insurence is CRAZY!! yes, i talked to GEIgO already, 15% didn't help much.

i am forced to drive mini-van to work for a while now.

i put down a deposit for boxster a few years ago, but unexpected baby came, so i had to give up boxster.

now wife is ok with sports car, but insist on getting everybody in the car, so 997 is the best choice.

i always pay cash for cars. i put all my extra cash to pay back my mortgage, don’t want to do any investment, heard too many bad stories about it. (Myself is in financial services company). maybe I should order it, and save $$ while it’s bee built?

1999Porsche911

i always pay cash for cars. i put all my extra cash to pay back my mortgage, don’t want to do any investment, heard too many bad stories about it.


I have made my living for the past 15 years or so doing nothing but equity investing. At today's mortage rates, it makes much more sense (to someone who can watch the markets and move quickly) to keep their mortages and invest the money. But it's not for everyone.

AeroSmith

Heck, $4,800 is a lot even if you drive it every day.

My wife and I pay about $4,000 a year for the two of us on four cars. The 996 is $1,100 a year. That's for a very good policy with State Farm.

You have a bad driving record or something? That's just an insane amount of money to insure one car. No way I'd buy a car if it cost that much to insure.

AeroSmith

Or you could just buy my 2003 996.

jonquiljo

Actually, if pl is around 30 - his rates could really be that high. Risk takes a nosedive as we get middle-aged and older.