eyeslasher1

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

MMD

I figure, since it is a luxury, if you can pay cash for it you an afford it. You should never finance luxuries.

PV

Can not agree more with that.

Furthermore, there was thread about half a year ago with a poll asking for salaries.

robbonds

i didnt buy mine from income - i bought it from wealth

cash

TomFromCT

Unfortunately, If you have to ask ...

Likemystoppie?

well...yes...and no. Some people, who happen to make deep six figures ,just are not comfortable with spending around $100k on a car.


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.

THPorsche

Cash - Great

Finance - If you don't have to change your spending habit and can use the money to make more money - why not?

Lease - Personally, I don't like to "rent"

cvazquez

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.

Crazy Canuck

I did a combination of the above. My house is paid off and my retirement fund is continually topped up so I used some cash I had and financed about half of it at a very aggressive repayment schedule.

OCBen

https://rennlist.com/forums/showthre...ghlight=income

Crazy Canuck

Search King does it again!

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.

MJones

You need Income to Lease or Finance!

I can't afford the payments...

deficit financing = the american way
support your financial institution

uzj100

The waiting until you can just buy it, is part of the reward. My hand "shook" when I wrote that big check, but I hate making payments on things

Edgy01

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