New car opinion- BMW M or Porsche for Daily Driver
09-13-2015, 09:22 PM
#31
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New, Low production supercars are appreciating on the short term, but not sure what the future will hold for them either.
Takes a really special car today that is worth holding onto for tomorrow. Rare however.
09-13-2015, 09:33 PM
#32
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Basically, if you buy or lease something for 3 years it will depreicate. How much is really irrelevant. You are paying for transportation which will always have a cost to it. In the case of a motor vehicle it depreciates with wear and tear.
What one buys or leases from new is something budgeted with their income and lifestyle. Some will do a Kia, others will do a domesitc while those with a little more will do a luxury product such as a porsche.
In the case of a porsche, the depreciation is actually not too bad (compared to others)... thus the cost of ownership of 3 years is pretty good (if you have the cashflow or the bank to park that much money.)
Where one can really win, is a CPO porsche. Drive it for one-two years and sell it with one year warranty remaining. The overall cost shouldnt be too bad on the right model.
I am currently trying this with a CPO 997.1TT. Drive it for a couple of years, sell it and find something else for another two years... Experiment to See how little it costs own a newer porsche short term.
Altough i really do not want to sell it...
09-13-2015, 11:08 PM
#33
Here is what i have considered....
Forget about buying anything pre owned. (and forgret about BMW)
Buy or lease the new 991.2 C4S. Great year round 911.
Replace it every 3 years for the rest of your life and enjoy the latest greatest each time one is launched.
You will see the evolution first hand which could be fun and the new car smell is great.
Forget about buying anything pre owned. (and forgret about BMW)
Buy or lease the new 991.2 C4S. Great year round 911.
Replace it every 3 years for the rest of your life and enjoy the latest greatest each time one is launched.
You will see the evolution first hand which could be fun and the new car smell is great.
09-14-2015, 10:26 AM
#34
Instructor
Thread Starter
What are the finance rate for pre-owned CPO's? I tried to look them up online but I don't see it posted anywhere?
09-14-2015, 11:03 AM
#35
Team Owner
Look at it this way Rod .... while these guys are losing thousands in depreciation , you have one of the most appreciating assets on the Forum, that Carrera spike has no end in site right now ..
09-14-2015, 02:59 PM
#37
Race Car
09-14-2015, 04:15 PM
#38
Rennlist Member
09-15-2015, 11:23 AM
#40
Nordschleife Master
I though, I don't like the new technology or the big brother stuff being added to new cars. Even my 2005 Cayenne is just a tad on the brink of having to much electronics, more so then my 996's which have been very good to me considering their age and use.
Rather then speed thousands of dollars a month for leasing or loan payments on one or 2 cars, I rather bank the money and put money when it requires it, into maintenance of payment free 10+ year old Porsches.
I am thinking my next DD will be a 90's diesel LR Defender. Not sure I want anything new ever again.
09-15-2015, 12:42 PM
#41
Instructor
Thread Starter
Isn't that rate pretty high? Is that the same rate others were quoted for CPO'd Porsche's?
09-15-2015, 02:30 PM
#42
Race Car
Yup good way to go as well as the leasing option tcsracing1 mentioned. Just need to have disposable income to afford it.
I though, I don't like the new technology or the big brother stuff being added to new cars. Even my 2005 Cayenne is just a tad on the brink of having to much electronics, more so then my 996's which have been very good to me considering their age and use.
Rather then speed thousands of dollars a month for leasing or loan payments on one or 2 cars, I rather bank the money and put money when it requires it, into maintenance of payment free 10+ year old Porsches.
I am thinking my next DD will be a 90's diesel LR Defender. Not sure I want anything new ever again.
I though, I don't like the new technology or the big brother stuff being added to new cars. Even my 2005 Cayenne is just a tad on the brink of having to much electronics, more so then my 996's which have been very good to me considering their age and use.
Rather then speed thousands of dollars a month for leasing or loan payments on one or 2 cars, I rather bank the money and put money when it requires it, into maintenance of payment free 10+ year old Porsches.
I am thinking my next DD will be a 90's diesel LR Defender. Not sure I want anything new ever again.
But having said that, remember when the 996TT first came out and people (okay, air cooled guys lol) commented about there was so much to go wrong.
Maybe in 15 years I'll be driving a 2015 and shaking my head at the 2030!
As far as disposable income. Is it a little out of hand when you make a good living and still feel this is a lot of money for a new car?
09-15-2015, 03:01 PM
#43
Nordschleife Master
I'm with you on this one Greg.
But having said that, remember when the 996TT first came out and people (okay, air cooled guys lol) commented about there was so much to go wrong.
Maybe in 15 years I'll be driving a 2015 and shaking my head at the 2030!
As far as disposable income. Is it a little out of hand when you make a good living and still feel this is a lot of money for a new car?
But having said that, remember when the 996TT first came out and people (okay, air cooled guys lol) commented about there was so much to go wrong.
Maybe in 15 years I'll be driving a 2015 and shaking my head at the 2030!
As far as disposable income. Is it a little out of hand when you make a good living and still feel this is a lot of money for a new car?
09-15-2015, 03:30 PM
#44
Team Owner
I hear you loud and clear.
Basically, if you buy or lease something for 3 years it will depreicate. How much is really irrelevant. You are paying for transportation which will always have a cost to it. In the case of a motor vehicle it depreciates with wear and tear.
What one buys or leases from new is something budgeted with their income and lifestyle. Some will do a Kia, others will do a domesitc while those with a little more will do a luxury product such as a porsche.
In the case of a porsche, the depreciation is actually not too bad (compared to others)... thus the cost of ownership of 3 years is pretty good (if you have the cashflow or the bank to park that much money.)
Where one can really win, is a CPO porsche. Drive it for one-two years and sell it with one year warranty remaining. The overall cost shouldnt be too bad on the right model.
I am currently trying this with a CPO 997.1TT. Drive it for a couple of years, sell it and find something else for another two years... Experiment to See how little it costs own a newer porsche short term.
Altough i really do not want to sell it...
Basically, if you buy or lease something for 3 years it will depreicate. How much is really irrelevant. You are paying for transportation which will always have a cost to it. In the case of a motor vehicle it depreciates with wear and tear.
What one buys or leases from new is something budgeted with their income and lifestyle. Some will do a Kia, others will do a domesitc while those with a little more will do a luxury product such as a porsche.
In the case of a porsche, the depreciation is actually not too bad (compared to others)... thus the cost of ownership of 3 years is pretty good (if you have the cashflow or the bank to park that much money.)
Where one can really win, is a CPO porsche. Drive it for one-two years and sell it with one year warranty remaining. The overall cost shouldnt be too bad on the right model.
I am currently trying this with a CPO 997.1TT. Drive it for a couple of years, sell it and find something else for another two years... Experiment to See how little it costs own a newer porsche short term.
Altough i really do not want to sell it...
