Will be buying my first car, a used boxster

[haz]

Originally Posted by Nine8Six

Really Odd stuff mate, but nice find

Haz, Perfectlap..... you both should go apply for a position in a police dept near you. Well spotted

Originally Posted by black_box

make this thread stop, please.

THIS.

[Perfectlap]

Originally Posted by Nine8Six

Really Odd stuff mate, but nice find

Haz, Perfectlap..... you both should go apply for a position in a police dept near you. Well spotted

spent two years in federal law enforcement in which people were trying to pull one over on me on a daily basis, real whoppers too. From drug dealers (tons), to mafia gangsters, money laundering types, tax-evaders, tractor trailer driving meth addicts, pedo's and even people who decided to light up a doobie on a federal property (not too smart) with tons of agents all around.

[haz]

I just play poker alot

[Johnny Danger]

For record, Johnny Danger is not playing a ruse on the forum. Polk Farm Boy appears to be a legitimate member, albeit a dolt when it comes to taking good advice.

[nguyendot]

Originally Posted by Johnny Danger

For record, Johnny Danger is not playing a ruse on the forum. Polk Farm Boy appears to be a legitimate member, albeit a dolt when it comes to taking good advice.

This... Exactly.

Not sure why he bothered asking your groups advice.... Which is very wise, if he already had his mind made up.

[black_falcon]

Originally Posted by RandallNeighbour

I own the sort of car you're looking to buy (see signature and web site for details on maintenance and repairs I've been forced to perform to keep my car in good running order). My big issue for you, Farmer, is the part of the country in which you live. FARGO?

Flat. The boxster is a car for twisty roads, found in hilly or mountainous areas.

Cold. There are owners here who live in Chicago, Minnesota, etc., but they own these convertibles as summer toys, not their main daily driver.

Rural. You won't find a lot of Porsche mechanics in Fargo, and the closest "stealership" loves guys like you and me... you know, guys who buy old Porsches that will enable them to put their kids through Harvard.

Seriously, just on ageographical basis, you should buy a 911 Turbo. MUCH more fun on flat rural roads where you live. Hard top for harsh winters. All wheel drive for snow. And if you get a newer one, it shouldn't need a lot of repairs.

Go back to the bank with this explanation and get a loan for at least $50k so you can get a nice pampered 2004 911 Turbo. I'm on your side here!

Yeah.. he beat me to it. I went to college in Grand Forks, and if this is going to be your only car, forget it. I know people use these in the winter.. but North Dakota is more like the North pole. I tried to use a 944 for a short time and it just wasn't realistic; the weather is HARSH on these or any cars, 8' foot snow drifts, highways closing, roads poorly plowed, nobody knows a damn thing about them, good luck trying to find parts locally, etc, etc. Wasn't long before I was back with a cheap used A4.

Since you're going to buy it regardless of what we say; there is nothing wrong with the 2.5 - find one with a recent clutch as that's probably the most expensive wear and tear item. Service records are very important - if you have to finance the car, then I promise you won't be able to afford to bring a neglected example around. Lastly, I'd recommend keeping it stock. These aren't Honda clown cars to trick out and buzz around in. They're precision machines with a lot of heritage and history behind the badge deserving of respect. I doubt many "mods" can improve upon Porsche factory know how.

Good luck on your search

[MoneyPit]

Farmboy,
Go for it but just understand the cost around this beast and that a good Porsche mechanic usually have worked on these cars for years.
Enough of that, My fist car was a 79 VW Diesel Rabbit a whole 58 hp and 48 mpg and was not able to buy another German car until I was 48 and love every minute behind the wheel of my Box.

[steved0x]

Originally Posted by Flavor 987S

Hey Steve, I am no expert, but, yes, you can have a company 401K/Roth 401K fund and max out at the $17.5. And you can stash away another $5.5 in an after tax self directed IRA account. No tax deductions for the the extra $5.5. Your spose can do the same, so yearly you can bank $46,000 away. If you turn 50 years old this year, add another $11,000 ($5.5 each) to the "catch-up" at your company's plan. For a grand total of $57,000.



RIGHT RANDALL?????????

I just checked these out and you can do both 3 & 4 The ability to contribute to an IRA and have it be deductible or a Roth IRA phase out based on your income, with the limits being higher if you are filing married. I am not sure of the benefit of contributing to an IRA if it is not Roth and is non deductible since you have to pay taxes when it comes out but I am sure there must be one I will check it out further, thank you!

[recycledsixtie]

I don't recommend tire burning starts at green lites. Firstly racing on the street is not safe and two, the Boxster is not a good burnout car. Why? I get a real strong clutch smell when I do and if you do it too often and you burn out the clutch that is big $$$$$.....just trying to help!

[The French Dude]

Originally Posted by recycledsixtie

I don't recommend tire burning starts at green lites. Firstly racing on the street is not safe and two, the Boxster is not a good burnout car. Why? I get a real strong clutch smell when I do and if you do it too often and you burn out the clutch that is big $$$$$.....just trying to help!

Never did it with my box and never had the idea to do but what a fun in twisties !

[Perfectlap]

Originally Posted by steved0x

I just checked these out and you can do both 3 & 4 The ability to contribute to an IRA and have it be deductible or a Roth IRA phase out based on your income, with the limits being higher if you are filing married. I am not sure of the benefit of contributing to an IRA if it is not Roth and is non deductible since you have to pay taxes when it comes out but I am sure there must be one I will check it out further, thank you!

great advice from a contributor to Ritholtz's blog

"One of the little tricks that we have done over the years is increase the percentage taken out of our pay in 401ks and 403bs by 1% every time we got a pay increase until we bump against the maximum permitted deductions. I would try to do 2% in years when the markets were tanking. You didn’t even know the money was missing because you had never had it before. Years when pay increased by inflation or less only, you would feel a small pinch, but in years when pay went up more than inflation it still felt like your pay was rising.

Doing this allowed us to increase our savings rate from 6% of pay to almost 20% (including the catch-up contributions) over the past 20 years. Employer contributions have typically added another 3% to 15%annually (variable depending on employers) to that savings rate over that time period. It adds up over time."

[Flavor 987S]

Originally Posted by steved0x

I just checked these out and you can do both 3 & 4 The ability to contribute to an IRA and have it be deductible or a Roth IRA phase out based on your income, with the limits being higher if you are filing married. I am not sure of the benefit of contributing to an IRA if it is not Roth and is non deductible since you have to pay taxes when it comes out but I am sure there must be one I will check it out further, thank you!

I think it because the gains are not taxed until you take the money out in retirement, and hopefully I'm in a lower tax bracket then. I think that's why my guy has me doing it.

[coreseller]

Originally Posted by polkfarmboy

Well after passing my test 3 months ago I am now ready to buy my first car and the bank is giving me 11k. I have my eye on a couple of used ones of course and need you guys to help out.

I wish to know what things to buy to fix things that wont appear broken to ensure the car runs or increase my chances of the car running proper. My wifes sisters man is a mechanic so I will have all the free labor for putting in the parts that need done.

One porsche has caught my eye but the ac dont work on it and the seller said he paid some cash to fix a few things but still, I would like to be sure I am running smooth.

I cannot f$$king wait to get behind the wheel and kick some ass at the lights. Thanks in advance for your responces and this forum rocks :dance:

Good Golly..................We went from the above to this................



Perfectlap
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Quote:
Originally Posted by steved0x View Post
I just checked these out and you can do both 3 & 4 The ability to contribute to an IRA and have it be deductible or a Roth IRA phase out based on your income, with the limits being higher if you are filing married. I am not sure of the benefit of contributing to an IRA if it is not Roth and is non deductible since you have to pay taxes when it comes out but I am sure there must be one I will check it out further, thank you!
great advice from a contributor to Ritholtz's blog

"One of the little tricks that we have done over the years is increase the percentage taken out of our pay in 401ks and 403bs by 1% every time we got a pay increase until we bump against the maximum permitted deductions. I would try to do 2% in years when the markets were tanking. You didn’t even know the money was missing because you had never had it before. Years when pay increased by inflation or less only, you would feel a small pinch, but in years when pay went up more than inflation it still felt like your pay was rising.

Doing this allowed us to increase our savings rate from 6% of pay to almost 20% (including the catch-up contributions) over the past 20 years. Employer contributions have typically added another 3% to 15%annually (variable depending on employers) to that savings rate over that time period. It adds up over time."
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Flavor 987S
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Quote:
Originally Posted by steved0x View Post
I just checked these out and you can do both 3 & 4 The ability to contribute to an IRA and have it be deductible or a Roth IRA phase out based on your income, with the limits being higher if you are filing married. I am not sure of the benefit of contributing to an IRA if it is not Roth and is non deductible since you have to pay taxes when it comes out but I am sure there must be one I will check it out further, thank you!
I think it because the gains are not taxed until you take the money out in retirement, and hopefully I'm in a lower tax bracket then. I think that's why my guy has me doing it.


Gotta love circular logic..................Along with people patting themselves on the backs for being Sherlock Holmes

[steved0x]

It has been an interesting thread with many diverse paths And multiple pieces of valuable information

[nguyendot]

You guys should check out the same thread I posted earlier to the Polk forums... he finally got it.
Now the countdown begins until he drops his transmission at a red light trying to drag race. I already asked him to meet up and see if he can outrun my 550

[teleski]

Dude, I would stay far far away from this yahoo. Glad I'm on the coast....

[nguyendot]

Originally Posted by teleski

Dude, I would stay far far away from this yahoo. Glad I'm on the coast....

That actually is good advice. If you follow his posts on our audio forum you'll see he's quite accident prone. He might ram it into my car or something to that effect.