how much income do you need to buy a 997
#1
Instructor
Thread Starter
how much income do you need to buy a 997
This may seem like a silly question
bbut I am interested in the 997.
And wondered what people on the list thought
How much money did you make before you felt comfortable
buying a 997?
thanks
jeff
bbut I am interested in the 997.
And wondered what people on the list thought
How much money did you make before you felt comfortable
buying a 997?
thanks
jeff
#6
Banned
Join Date: Aug 2005
Location: I'm not sell'n anythang... much..
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Originally Posted by TomFromCT
Unfortunately, If you have to ask ...
My advise to someone whom is looking to get into a Porsche, but doesn't want all the risk involved with a cash purchase, would be to lease it.
Get more car, for less money. IMO.
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#8
Three Wheelin'
I believe it’s important (yearly income), but most importantly is your liabilities (monthly spending habits). If you can handle an equity loan to purchase the 997 (why the hell not, or pay cash) If you can get an equity loan with a great percentage rate... go ahead and finance the 997. If you feel that a thousand dollar monthly payment is okay on the family go for it! If you believe you can pay more, pay it off early (risky but do-able).
Only you know how much you can pay without sacrificing your family and your retirement goals.
Choice + risk = uncertainty! How much risk are you willing too tolerate? (Its not how much you make, but how you spend it)
IMO... My 2 cents.
Only you know how much you can pay without sacrificing your family and your retirement goals.
Choice + risk = uncertainty! How much risk are you willing too tolerate? (Its not how much you make, but how you spend it)
IMO... My 2 cents.
#9
Race Director
Originally Posted by robbonds
i didnt buy mine from income - i bought it from wealth
cash
cash
#10
Banned
#12
Rennlist Member
Originally Posted by MMD
I figure, since it is a luxury, if you can pay cash for it you an afford it. You should never finance luxuries.
#13
Addict
Lifetime Rennlist
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You need Income to Lease or Finance!
I can't afford the payments...
deficit financing = the american way
support your financial institution
I can't afford the payments...
deficit financing = the american way
support your financial institution
#14
Originally Posted by MHC2S
I can't agree with you more on this one as all of my cars, motorcycles are paid for in FULL. It's what my father told me when I was a young boy " If you can't afford it, don't buy it ". Makes perfect sense to me.
#15
Poseur
Rennlist Member
Rennlist Member
Will Rogers had a better idea,--the only cars permitted on the roads had to have been paid for,--owned outright. That would certainly clear up the congestion problems!
dan
dan