Update: Yet another one Drooling and wanting a Porsche

[elgeebeekei10]

Originally Posted by tnoice

I can truly appreciate the Porsche bug, but I am give only one piece of advice. If you are use to paying $1,000 a month to the Credit Card Companies, chances are other saving methods have suffered. Please make sure you have other savings accounts built up before buying a Porsche. The worst thing that could happen is, you buy one, and a MAJOR repair comes up and you need to rely on the Credit Cards again. Could you finances sustain a $10,000+ repair without relying on Credit Cards?

It is a vicious cycle that has destroyed many people.

Very Well Said , that is why I am opting for a Certified Vehicle if it does make sense , anyway Porsche cars are for elitists like you which I guess am not one of them.

[tnoice]

Originally Posted by elgeebeekei10

Very Well Said , that is why I am opting for a Certified Vehicle if it does make sense , anyway Porsche cars are for elitists like you which I guess am not one of them.

First, I never said I was an elitist.

Second, anyone can own a Porsche, especially with the depreciated values. I have personally seen people go further in debt even after owning a Nissan that broke prematurely to having their savings rebuilt.

Third, I wish you the best in your shopping for a Porsche. If you do your homework and are fully prepared, it will be a rewarding experience, even coming from a non-elitist. As many will tell you on this forum, if you are not prepared, it will be a miserable experience.

[kls]

Originally Posted by elgeebeekei10

Very Well Said , that is why I am opting for a Certified Vehicle if it does make sense , anyway Porsche cars are for elitists like you which I guess am not one of them.

Did I miss something in tnoice's response that was "elitist"?

[Roosell]

I missed it too. All I see is solid advice on how to prepare for ownership. I assumed the OP was asking for that sort of thing.

I got similar advice before making the plunge, and it proved to be very useful for me. I am glad I had the cash in the bank when my repair bills hit.

[elgeebeekei10]

thanks for the advice, and sorry for the confusion it has caused. As of the elitist remark it just sounded as if the comment was you'll never can afford a porsche bec you cannot afford to pay a 10,000 bill to fix your porche.

[thstone]

When I took my Boxster into my local Porsche dealer for the PPI, the first thing that the service advisor asked was "Are you ready for the costs of maintaining a luxury car?"

I told him that I already had two BMW's and knew that any trip to the dealer was going to cost $400-$700 (or lots more!) and then he laughed, patted me on the shoulder, and said, "Ok, you know what you're getting into!"

Buying a luxury car (any type) isn't elitist but it is expensive and the costs are impossible to predict so you either need to be able to afford the repairs as they come along or be able to save up and have a reserve ready. Of course, doing work yourself can save a bundle but still, even the parts are much more expensive than standard vehicles.

My experience is that a CPO vehicle is break-even - meaning that you're likely to spend about the same $2,000 on repairs during the duration of the warranty that the CPO cost to get. The one thing that the CPO does provide is catastrophic coverage of a total engine failure.

I think that is all that the other posters were trying to say.

[stephen wilson]

One other thought, I bought an 06 CPO a year ago, and the coverage will only carry me 1/2 way thru my 5-year loan. So I'll either be on my own, or have to buy coverage (or another car).

[blue2000s]

I have been an elitist all my life so I figured I had better buy a Porsche to prove it. All those japanese cars I had been driving were just not showing off my mental mindset the way this car does.