Am I crazy for wanting to upgrade? - 986 Forum - The Community for Porsche Boxster & Cayman Owners

mikefocke · 10-22-2009, 05:03 PM

Well said

The buying costs on the one you have are already paid for...maybe even the car is paid off. New ones better? Yep. Selling/Buying transaction costs kill you? Yep. Taxes, sales commissions, inspections, PPI, etc.

Think of all the $ you'll save by not buying and selling. Plus you know the condition of your car and don't know about its replacement.

In this economy, if you have to ask...don't.

Put you money in appreciating assets, not depreciating ones.

IMHO

roadracer311 · 10-22-2009, 08:23 PM

Quote:

Originally Posted by mikefocke

Put you money in appreciating assets, not depreciating ones.

IMHO

Are there any appreciating assets these days?

I expect real estate to stay about the same for the next 5 years. I've taken the 20% down I was going to put into a house and have started Ferrari shopping instead.

I agree with what someone said earlier about going for a 997 instead. If I spent a bunch more money, I'd at least want to look at a different dashboard. I can see the plus of having rear seats, other than that, I really like the Boxster better than most 911's. Some of the wide-body 911's are pretty hot looking though.

coreseller · 10-22-2009, 08:44 PM

Quote:

Originally Posted by roadracer311

Are there any appreciating assets these days?

I expect real estate to stay about the same for the next 5 years. I've taken the 20% down I was going to put into a house and have started Ferrari shopping instead.

I agree with what someone said earlier about going for a 997 instead. If I spent a bunch more money, I'd at least want to look at a different dashboard. I can see the plus of having rear seats, other than that, I really like the Boxster better than most 911's. Some of the wide-body 911's are pretty hot looking though.

Incorporating Roadracer's response into the OP: I wish that I had bought a Twin Turbo 996 instead of a Boxster 2 years ago, I would of lost less money ( I dropped a chunk of my money with my money guy right prior to the Boxster purchase....DOH!!!!!!!!!). Are you crazy for wanting to upgrade? HECK NO!!!!!!!!!!!!!!!!!!!! It is human nature and you'd be goofey if you had not been looking to do such. Keep everything into perceived preferential order, realize your personal obligations, then decide.

bmx672 · 10-23-2009, 05:48 AM

For me it's not a money thing... sure I could invest my money instead of upgrading, but what the heck... I LOVE Porsches! I already have the 401k, 529 for the kids, life insurance and Share Builder on the side... I go to work everyday to provide for my family, I don't live with the mindset that I need to always invest everything. I may die tomorrow, next week, next year... who knows? I do know one thing though, I'm not waiting until I'm 65 to drive a 911. My brother-in-law invests everything... sure he's going to have more money for retirement... but who cares? Life is not a contest, he will have given up all of those younger years of living a little for no guarantee that he'll be around later in life.
I don't know, I didn't want to turn my wanting a 911 into a life philosophy discussion

I'll continue to shop. I do LOVE the Box though so i'm in no hurry...

Brucelee · 10-23-2009, 06:35 AM

I have owned a number of 996's. My comments are as follows:

1-The years you mentioned would NOT be the ones I would lean towards. The 996 was not a very robust car for those years, with tons of nits and of course, RMS and engine issues galore.

2-Interestingly, I found the Boxster a much more interesting and satisfying car to drive. To me, the 996 always felt like a very powerful VW bug, with the rear end having a mind of its own.

Havings said that, the 996 cab with a tip is a very nice car for a woman (wife). Weather permitting, the top is dropped and you can cruise and look good too.

Good luck.

bmx672 · 10-23-2009, 08:06 AM

I have not researched the 996 that well as of yet... I do like the 993 better, but their prices are higher for higher miles.
I did not know that the 996 also had the RMS problems... better than the IMS I would say! I can say that the three years I've owned my Boxster I have not had one drop of oil or any other fluids

I would know too becasue I park it on white carpet

Long story... okay, here it is. I installed hardwood and had a bunch of carpet leftover that was almost new... So I took a large section of it and put it down in the 3rd car area... yeah I know, it's a Porsche thing!

RandallNeighbour · 10-23-2009, 08:27 AM

My thought is that if I plan to "upgrade" my boxster to a newer Porsche, I'm going to wait until I can pay cash for a non-M96 power plant in whatever model I choose.

It will no doubt have some catastrophic and engineering glitch (all Porsches seem to have one or more, don't they?) but it won't be the IMS issue

I guess I could just budget in a trip to Jake's place to have the motor rebuilt with nickies and a new IMS bearing, but sheesh, that's a pipe dream. I'd do that right now with my old boxster if I had the cash.

It's always a good rule of thumb to buy the newest Pcar you can afford, hopefully one with some factory warranty left on it or a CPO car.

Kirk · 10-23-2009, 11:01 AM

Quote:

Originally Posted by roadracer311

Some of the wide-body 911's are pretty hot looking though.

That's why I got a C4S, nice wide butt... I don't mind looking at the same dash. I'm very, very comfortable in either my Box or C4S. I think they've got great interiors. Here are my three Babes:

Both cars have body kits and wheels, but the C4S ultimately turns more heads.

Kirk