Does this make sense?
03-12-2019 | 04:13 PM
#31
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Yup, I feel like the 911s are the way to go if you don't want a rapidly depreciating Porsche, or a Panamera that has already taken the depreciation hit, I see CPO '16 models going for half of its original value.
03-12-2019 | 04:31 PM
#33
Captain Obvious
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03-12-2019 | 05:11 PM
#34
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I bought my GT2 at 23, when the market was in a trough, has been a great investment and never have looked back...look for opportunities in the used car market and you can find yourself building equity while living the car dream
can have one of these for the price of the taxes on a new Boxster/Cayman
03-12-2019 | 05:32 PM
#35
Race Car
Joined: Oct 2004
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The $511,000 from 2 years ago was stated by Porsche Brand Ambassador Tony Montaleone
...The luxury segment is what America knows,” said Montaleone. “The average Porsche owner’s household income is $511,000. The average Mercedes-Benz owner’s household income is slightly over $250,000. That says something. Anyone can have a Mercedes, but Porsches are special.”
I just heard the $600,000 figure last week. It was quoted in a podcast I was listening to while driving but can't remember which one off hand. That's where they also stated $365,000 was the avg for a boxster/cayman owner. I'll see if I can find it again.
...The luxury segment is what America knows,” said Montaleone. “The average Porsche owner’s household income is $511,000. The average Mercedes-Benz owner’s household income is slightly over $250,000. That says something. Anyone can have a Mercedes, but Porsches are special.”
I just heard the $600,000 figure last week. It was quoted in a podcast I was listening to while driving but can't remember which one off hand. That's where they also stated $365,000 was the avg for a boxster/cayman owner. I'll see if I can find it again.
03-12-2019 | 05:53 PM
#36
Race Car
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Hey guys,
I'm about to graduate and am returning full-time to a company I've interned at this past summer. Full-time salary is $87K + stock options, now since I was an international student at UofT, I've been paying $$$ for tuition (which I completely understand), so I do have a fair bit of tax credits.
I'm thinking of financing a CPO 911 C2S from 2017 or a CPO Panamera GTS from 2016. The 911 C2S is listed for $102K at Porsche Oakville and the Panamera GTS listed for $95K at the same dealership. I have about $30K in savings and no debt.
Does it make financial sense to make the purchase? It would be a $20K downpayment with financing handling the rest, for a 48 month term it'd come to 1500-1900 a month tax included.
It's always been a childhood dream of mine to own a 911 C2S ever since I was 6 (18 years ago jesus). I absolutely love cars with passion, and coming from Singapore (where cars are at least 3x the price here, and you can only keep them for 10 years at a time, this is what is pushing me to make the decision).
I'm based in Toronto too!
I'm about to graduate and am returning full-time to a company I've interned at this past summer. Full-time salary is $87K + stock options, now since I was an international student at UofT, I've been paying $$$ for tuition (which I completely understand), so I do have a fair bit of tax credits.
I'm thinking of financing a CPO 911 C2S from 2017 or a CPO Panamera GTS from 2016. The 911 C2S is listed for $102K at Porsche Oakville and the Panamera GTS listed for $95K at the same dealership. I have about $30K in savings and no debt.
Does it make financial sense to make the purchase? It would be a $20K downpayment with financing handling the rest, for a 48 month term it'd come to 1500-1900 a month tax included.
It's always been a childhood dream of mine to own a 911 C2S ever since I was 6 (18 years ago jesus). I absolutely love cars with passion, and coming from Singapore (where cars are at least 3x the price here, and you can only keep them for 10 years at a time, this is what is pushing me to make the decision).
I'm based in Toronto too!
For the vast majority of Porsche owners, the money they spend on cars is disposable income. The wisest statement I ever heard regarding owning cars came from a Porsche Sales Rep at a car show I attended with a friend many years ago. My friend saw a beautiful 997S on display, and asked the Rep what was the price of the car. The Sales Rep replied that if you had to ask about the price, you can't afford it. My friend persisted and when he was told the price, he smiled at the Sales Rep and said you are right, I can't afford it.
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03-13-2019 | 03:53 AM
#39
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From: Traffic Court
03-13-2019 | 03:02 PM
#42
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Well no I wasn't, I was considering it. But the comments on the this thread do bring strong valid points, I'll be taking the advice and forgoing the decision to purchase.
I definitely wanted to hear things from a Porsche owners and enthusiasts perspective, so everyone is making good points that I'll keep in mind.
I definitely wanted to hear things from a Porsche owners and enthusiasts perspective, so everyone is making good points that I'll keep in mind.
03-13-2019 | 04:45 PM
#43
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Well no I wasn't, I was considering it. But the comments on the this thread do bring strong valid points, I'll be taking the advice and forgoing the decision to purchase.
I definitely wanted to hear things from a Porsche owners and enthusiasts perspective, so everyone is making good points that I'll keep in mind.
I definitely wanted to hear things from a Porsche owners and enthusiasts perspective, so everyone is making good points that I'll keep in mind.
03-13-2019 | 04:48 PM
#44
Burning Brakes
Joined: Mar 2014
Posts: 833
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From: Toronto, Ontario
Do what most Car enthusiasts do.. start small & progress as suited. I started with a Honda 15 years ago & worked my way up to Porsche's, Lambo's.
My $0.02 is it's not what you make, it's what you save.
03-13-2019 | 04:59 PM
#45
Three Wheelin'
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From: Toronto, north of the lake.