PLEASE HELP!!! Need to take the next step

Oscaronv, let me give you a different perspective.

Do you have a garage? What about insurance expenses?

I say buy a more pratical car, wait on the Porsche, and invest as much as you can in the Stock Market.

Great job being a full time student and employee! Never easy. Keep up the hard work. You will be rewarded in the future!

[FrayAdjacent]

I'd advise you to wait a bit.

Affording your monthly payment is far from the only expense of owning a Porsche. Consider that you need to fill it with 91+ octane gas. Keep in mind that if you have a dealer change the oil, that usually costs $200, and you'll need to do that at least once a year. Tires are not cheap. If you go with the sticky tires, you'll get maybe a year or two out of them, and will probably cost over $500 to replace a set.

I put higher treadwear rated tires on my car in early 2007, and probably have another year or two out of them... but my water pump took a dump on me ($120 for the part, installed myself. +$35 for a belt.). Had to get a wheel fixed ($140) after a full alignment and wheel balance ($180). I need a new battery ($60 min, I'm going for an Optima - $165). I replaced the top on it last year, did most of the work myself ($750 for the top, $165 for final fitting by a reputable upholstery shop).


SO... you can see, you will have to pay for a lot more than gas and your monthly note.

I'd suggest you wait until you secure a higher income, then see what you can afford. There will be plenty of Boxsters waiting for you!

[FTD]

Originally Posted by bmussatti

Great job being a full time student and employee! Never easy. Keep up the hard work. You will be rewarded in the future!

+2!!

[E Kaplan]

Like most of the forum members, I agree that you should wait until you are in a financial position to afford the maintenance that will be neccesary if you purchase an older model porsche. Honestly, if you have to worry about finding the money to repair your car, you are just not going to enjoy it.

In terms of which model to purchase, of course get the boxster. Used 911's seem to be the most reliable older model. I had a 1985 928S a few years ago. I loved the car, but what a piece of sh--t! I could have leased a new Boxster for the money I put into this car each month. Stay away from 928's. They are very expensive to keep and drink gas like a large SUV.

We live in a society of immediate gratification. There's nothing wrong with saving your money and living within your means. That is unless you listen to Obama. He'll tell you that you can have anything you want!

ERic

[Quickurt]

Save until you can buy at least a Porsche Certified Used car with the 100k warranty. It is worth much, much more than you realize, at this point in time.
I can say,"If I were you......" but there's no way I can be, but here's my two more cents.
Pay cash for a Civic, or similar, that gets you at least 35 mpg commuting. Doesn't really matter how old, if it's a civic or toyota, of some kind, they are cheap and easy to fix. Put what you WOULD be spending on ANY Porsche in the bank and let it draw interest until you have enough to pay CASH for at least a late model Porsche with certification. If, at that time, you are willing to part with that hard earned, saved and fought for money for ANY car, give up, you're a gear head like the rest of us! :dance:
On the flip side of the sense coin is the reallity that it looks like this moron from Chicago is going to be president, and if he keeps his word about Gore and the greenie bull****************, none of us may have many years to enjoy our sports cars. :troll:

[oscaronv]

Thank you for all your replys. I guess I should have also mentioned that I currently drive an 02 Cavalier. Based on all the advice I'll just keep this and save until I am really ready to take on a Porsche