looking to own a boxster S

[Perfectlap]

Originally Posted by mustang2porsche

Basically need a great daily driver for college and a great track car for the summer. .

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.

[mustang2porsche]

Originally Posted by Perfectlap

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.

Already considered that. Would be dumb to blow all my funds on a car, that's why I would like to stay with the 986 boxster. Already poured about 5k into the mustang, if that's any sign I would have to have 3x as much ready for the porsche. Did a few research for the car and I know what I'm getting into as far as "if" something were to break. Being in college as no affect on my finances as tuition exemption and all other scholarships/grants are more than enough. With that said, I feel I deserve a better car due to my hard work both education wise and financially. if i couldn't afford the boxster i wouldn't consider it at all, just saying. also my mindset is different from yours but similar, as in i love to save money until i get to the goal of spending what i saved on something i waited so long for, two years ago i wanted a vette, hated and kept saving, last year wanted a 2013 mustang GT, didn't like the driving feel, didn't finance it, the last 6 months, been wanting a boxster and i been looking into it and next spring plan on buying one. so instead of saving my money to invest in... i don't know what. i will just spend it on a upgrade of a vehicle.

Originally Posted by smshirk

If you get one with traction control you can't hardly let it get away from you. If you don't have it, it's like anything else, you have to be able t drive and know when to keep your foot in it and steer out of trouble. I've had both. I prefer to have traction control but my 3.6 Boxster has no nannies, other that anti lock brakes.

also i hate traction control, pulled the fuse on my mustang because it didn't like me sliding when i wanted to, and pressing a button was getting annoying.

[Perfectlap]

Originally Posted by mustang2porsche

Being in college as no affect on my finances as tuition exemption and all other scholarships/grants are more than enough..

All the more reason NOT to put money into a Porsche or BMW or Merc or an Audi.

My point is not that you are in college and dealing with education expenses. Not at all. It is a very different point, that you have a huge luxury that most will never see:
the investor self-made millionaire 'two-for". What is that? Simple. 1) being in a position to be able to accept a higher level of investment risk because you are young, and 2) having the cold cash to act on it. You have both of these at your disposal now.

Large fortunes have been thrown out, never to be reclaimed, because those who could have taken advantage of both these things chose not to. The biggest mistake we make in educating young people today is that we do not teach people what can be done with money as investment. They only learn what it can do as consumption. And the next biggest mistake, and equally criminal, is that we allow young people to think that they need a large pile of money to begin the process of turning it into a mountain of money. Quiet the opposite, even if later in life you came by hefty sums of money, you could only replicate what you could have had as a young investor if you achieved an usually unattainable level of performance in your investments. Financially speaking, time is by far the most valuable asset you have now.

[jacabean]

I say buy the car if it makes you happy , if you can wrench on it. having something that you really like when your young is much better than having it when your old . even if you have tons of cash when your old , it is not as much fun and you could die before then . I see lots of old timers who worked and saved there whole lives and then realize they are to old to enjoy what they worked so hard for . then they die or go into some home and their kids pilfer everything they worked for .

[mustang2porsche]

Originally Posted by jacabean

I say buy the car if it makes you happy , if you can wrench on it. having something that you really like when your young is much better than having it when your old . even if you have tons of cash when your old , it is not as much fun and you could die before then . I see lots of old timers who worked and saved there whole lives and then realize they are to old to enjoy what they worked so hard for . then they die or go into some home and their kids pilfer everything they worked for .

i told my friend/roommate that (who's an accountant) and would call me a dumb for even considering this car, he wants to buy his "first" sports car in his 30s, i have a sports coupe at 19 and working on a roadster at 23, next see if i can get a GT before 30 and a supercar before 40. but that's just a dream.