Uh, you're making one big (likely faulty) assumption, that his Boxster's paid for and that the Evo will be paid for with cash. Someone who's able to buy an '03 Boxster or any $40k car for cash probably isn't sweating maintenance costs. If your life is about "monflee" payments (as in "What's the monflee on that car?"), then I can see the prospect of a big repair being unnerving. Think in these terms and you'll get the reasoning.
That's why many (not all) people who want fancy cars that they either can't really afford to buy and/or can't afford to maintain after the warranty's over choose to lease. I'm not totally knocking leasing, people have their reasons for doing it, a big one being fixing their monthly transportation costs.
Buy new and you pay out the ass in depreciation and interest, but you have minimal maintenance. Or buy used, have less depreciation and more maintenance - more expensive maintenance if it's a Boxster. If you want to play you've gotta pay. Porsches have never been Toyota/Honda/Mitsu money to maintain. All cars are a losing proposition. How do you want to lose your $?
High maintenance costs aside, I adore my '02 S (purchased for $17k cash last year) and have no regrets. I can't think of a car that's even close in overall value for money.
Every time I see a Subie STi, Mitsu Evo or similar "performance car" with those idiotic dual Coke can tailpipes, droning exhaust note and goofy picnic table wing I just shake my head and chuckle. Yeah it'll "blow the doors off" my S, but those are hopped up econo-cars with no finesse, just great numbers. If that's your thing...
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Originally Posted by demick
None of the financial reasoning I'm reading here makes any sense.
But if you really do like the car and would like to keep it, but are simply afraid of possible future costs, do this instead: Take the $25K that you would otherwise be out-of-pocket on your Boxster-Evo swap and put it in the bank. Anytime you have an unexpected expense on the Boxster, take it out of that account.
Chance are, 5 years from now, you still have more than $20K in that account. Even if you are very unlucky (total engine failure), you will still have $10K left in that account. Financially, there is almost no possible way for you to come out ahead by buying the Evo.
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