Quote:
Originally Posted by mustang2porsche
Basically need a great daily driver for college and a great track car for the summer. .
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Sorry. I would not recommend Boxster ownership to someone in college unless they also happened to be an excellent stock investor or trader on the side. You don't want to be all hat no cattle as they say in TX.
Case in point, I could have easily been able to own a Porsche in college but I quickly realized I would p1ssing away the time value of money that would have otherwise gone into the car. That means 10 year's worth of growth invested in companies like Apple, Genentech and Intel. Also, a Boxster or Carrera is a car that you have to have $5-10K liquid ready to go cash (ie parked money doing nothing for you) in the event of major repairs that often come in waves. And of course this is on top of $10K real life emergency cash fund. Obviously this a free country and you can do whatever you like with your money. But I would think twice about making the same mistake that every other young adult makes while it's the rare young person that defers instant gratification in the name of having a large investment portfolio within their first 10 years of working. <--- This will pay huge dividends during the course of the next 20 years of working. Boxster is a nice car but not worth giving up that once in a life time oppourtunity. You only have that 'time advantage of money' once in your life. The longer your money stays invested the more it will grow.