Wayne Smith

Check!

SJP3003

I've found Waze does an impressively good job of getting me places and avoiding traffic jams where conventional GPS maps are limited. I use a metal sliver between my phone and its case (included with the mount) and a magnetic mount that is totally portable. Plus I can use iCar to tape any issues along the ride...

myw

this is a similar stategy to what i employ. majority of mass produced cars are worth approx 50% of msrp at 3 year mark. for daily drivers, i look for 3 year old cars (with at least one year of original warranty) with no more the 25k miles. then drive the car(s) for 10 years to get my monies worth (can't see why a 3 year old car with 25k miles shouldnt last another 10 years).

from what i've seen a 911 takes at least 5 years to reach 50% of msrp.

some of you guys swear by warranty while i have seen some financially destroyed from owning a 911 with no warranty while some have had no issues... somewhat of a crapshoot imo. in either case i hunt for 50% off with minimal milage as possible ... and then TRY to drive for a decade to get my money (and enjoyments) worth.

SpeedyD

I hope you aren't serious and this is sarcasm... I mean, there may be many other reasons for them to not be collectors cars but outdated nav systems won't be on that list...

SAN997

"Financially destroyed" from a 911 repair? Seriously? If you can be "destroyed" from a repair on a 911, you have no business owning one. Even the most expensive repair possible, a complete engine replacement/rebuild, is only $15-20K.

I understand 993 turbo rebuilds can be $40K. Yes, that's a lot. But if you can afford what is now a $200K+ car, I don't think $40K is going to ruin you.

Yeah, that would majorly suck, but its not going to derail my retirement.

myw

there was a thread on rennlist a while back where an owner could barely keep up with the payments, and had it's engine blow shortly after warranty ended.

not only did he have to continue to pay the monthly payments for the car for over a year despite it not having a working engine, the car also got hit by a hailstorm during this time as it sat outside costing another 7-8k worth of body damage. the story goes on and on...

there are a few others online stories where people seem to have engine explosions, can't afford to fix it since they are already stretched via the monthly payments and then have to give up the car.

a few others i can't recall but it does happen imo; and i don't disagree with you when you say it wasn't within realistic financial reach to begin with.

Bruce In Philly

Look, be honest with yourselves.... what advice would you give to a 20-something starting out their careers when the find the price of an M96/M97 car is in their purchase-prince range? Think about it.

There are a ton of young folks who are lusting after these cars. But can they really afford them?

Peace
Bruce in Philly

3Series

What's the definition of a young folk?

Some can, some can't. There are also plenty of old folks who lust after these cars but can't really afford them either. LOL And when/if they can, they can't get in/out of it.

BIG smoke

Folk = Anyone that owes money on a car, payment, bank loan, that uses all their income for payments of the dream. Unaware (head in the sand) that the dream car out of warranty, a used $5o,ooo dollar car, is still repaired like a $125,ooo dollar car.

I am currently being Folk-ed by BMW. Out of factory warranty (4/80k), but with purchased aftermarket warranty (7/140k). After a BMW dealer repair of leaky oil filter gasket. ($7oo)(7 day). 471kms later, oil starvation on the crank. Smoked the bearings off rod #1 and #2.
According to the dealer, non related. According to my 3 other indy's... directly related.
51 days at the shop... so far. New engine is being shipped from the Black Forest. Cost? Over 20 large.
Car cost 80 new. Bought used for 45, including tax and warranty. While I'm not out of the woods yet. This is how some get in over their head.
Currently on the looser cruiser. Wife has my car.

Ynot

You will be surprised, I thought majority of Californians are rich when I was younger. They all drive BMW's and Mercedes. Once I got to know them better, it was all for show. Cars were lease, they live in 2 bdrm apartments with 3 other people. They live pay check to paycheck. As long as the bank is willing to lend, they are ready to owe. It's pretty sad.

Blu311

According to this article I just read 47% of Americans don't have $400 (four hundred dollars) on hand to cover an unexpected emergency. I assume some of that 47% have leased BMWs and maybe even used 997s in the garage. I'm not in the business of telling others how to live their lives, but I couldn't live like that.

http://www.theatlantic.com/magazine/...-shame/476415/

Ynot

That is just sad, my wife used to work at a bank. She tells me people come in all the time to complain about overdraft charges. She said not many people have more than a thousand in their checking accounts.

kcheves

post deleted

myw

+911

waizone

Interesting thread. I decided to keep my 07 997S. I'm original owner and already lost a bucket of money on a highly optioned 6MT car. Its a low mile example and they only reason I'd sell is to buy either a 997GT3 (90K +) , a 997 GTS ($75K) or a 991 GTS ($100K+). Figure I can get $52-57K for mine which has 21K miles and an original MSRP of $101,600. Not sure if the cost difference is worth it to me. I also recently purchased a 95 993 at what was FMV and a 2009 turbo with 900 miles where I paid top dollar. Hoping the 07 won't loose much more, 993 should be fine and the turbo should be fine if I don't drive it more than 3K miles per year.