how much income do you need to buy a 997
05-16-2006, 03:55 AM
#121
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30 something here, my dad always told me NEVER finance a luxury always pay cash. Most I think would agree a house or regular car is not a luxury, but the 997? oh yeah 
so I saved my pennies. It kinda sucks because you have to wait and wait and wait, and save, save, save. Whereas a house you buy as soon as you can afford the down payment and can afford the mortgage!
I got this beat into my head as a youngster:
Try as best you can to pay cash for a depreciating item and finance an appreciating item.
so I saved my pennies. It kinda sucks because you have to wait and wait and wait, and save, save, save. Whereas a house you buy as soon as you can afford the down payment and can afford the mortgage! I got this beat into my head as a youngster:
Try as best you can to pay cash for a depreciating item and finance an appreciating item.
05-16-2006, 06:26 AM
#122
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Lots of very good advice here but in the end, provided that the cash or finance can be raised, it comes down to personal choice and priorities. As a former boss of mine said on buying a TVR "You're a long-time dead"
05-16-2006, 10:26 AM
#123
Chandler!
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Originally Posted by mostserene1
Contrarian view: run your family finances like our government runs its budget - claim to be a fiscal conservative but build largest debt possible by spending like crazy - preferably on foriegn goods (i.e. exotic sports cars) and let your kids inherit the mess.
05-16-2006, 09:41 PM
#125
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Don't buy it unless:
1. You can pay cash for it
2. Your business income allows you a 35% write off on the lease (46% in CA)
or...
3. You have a few months to live and you can't take your money to the grave!
BTW, does anyone know why I paid for membership and yet I am still listed as a registered member?
1. You can pay cash for it
2. Your business income allows you a 35% write off on the lease (46% in CA)
or...
3. You have a few months to live and you can't take your money to the grave!
BTW, does anyone know why I paid for membership and yet I am still listed as a registered member?
05-16-2006, 09:49 PM
#126
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Originally Posted by noahark2
I got my 997 in 2005 as soon as I was made a partner in my medical group. I had just turned 28 at the time without any family to take care of . I used most of my bonus about 25000 as down payment on a base launch carrera. Was it the smartest financial move? No. Was it the best puchase I ever made? Yes. It was my dream to get a 911. If you are asking if you should fiance it versus pay cash I think there is another answer. You could drop dead, become diabled or have other adverse event strike you if you are young or old. Long before you have enough to pay cash for the car. You could also end up divorced and lose the money. So if you can get the car and you want that badly, you should get it. If it turns out you can not afford it, you could always sell it.
So, I plunked donw the extra 40k and got myself the brand spanking new 997S. Yeah, you only live once folks. Can't take the money to your grave.
05-16-2006, 10:33 PM
#127
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Originally Posted by snarf
Lots of very good advice here but in the end, provided that the cash or finance can be raised, it comes down to personal choice and priorities. As a former boss of mine said on buying a TVR "You're a long-time dead"
If you find out you have cancer I doubt anyone here would say "I should have saved my money and not bought the Porsche" If you can figure out how to pay for it, you only have to figure out if it is worth it to you.
Alan
05-17-2006, 01:46 PM
#128
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Thread Starter
I think i have the "top ramen" syndrome.
I spent so much time living as a student
and cant get out of the habit of spending
as little as possilbe
It is hard to open up the wallet.
I am in my late thirties
no debt
make around 500,000
and i still feel like i cant afford a 997
i guess i should get the car and consider some time with a shrink as well
and become a member
I spent so much time living as a student
and cant get out of the habit of spending
as little as possilbe
It is hard to open up the wallet.
I am in my late thirties
no debt
make around 500,000
and i still feel like i cant afford a 997
i guess i should get the car and consider some time with a shrink as well
and become a member
05-17-2006, 01:59 PM
#129
Chandler!
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Originally Posted by eyeslasher1
I think i have the "top ramen" syndrome.
I spent so much time living as a student
and cant get out of the habit of spending
as little as possilbe
It is hard to open up the wallet.
I am in my late thirties
no debt
make around 500,000
and i still feel like i cant afford a 997
i guess i should get the car and consider some time with a shrink as well
and become a member
I spent so much time living as a student
and cant get out of the habit of spending
as little as possilbe
It is hard to open up the wallet.
I am in my late thirties
no debt
make around 500,000
and i still feel like i cant afford a 997
i guess i should get the car and consider some time with a shrink as well
and become a member
05-17-2006, 02:26 PM
#130
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riad - you are TOO funny, dude. I need to stop by your studio and inhale the air, would do me a world of good. As far as this thread, I'm on my my third vicoden and it is only now starting to make sense.
05-17-2006, 04:35 PM
#135
Banned
Originally Posted by eyeslasher1
actually ...
i live in a van down by the river
i live in a van down by the river
