Update: Yet another one Drooling and wanting a Porsche

[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.

[ekam]

I truly believe all Porsche owners have varying levels of OCD.

[Ghostrider 310]

Originally Posted by ekam

I truly believe all Porsche owners have varying levels of OCD.

I'd second that and go a bit further, that same "OCD" is what made us successful enough in our chosen professions to enjoy a Porsche. When you work in medicine being consistent about the execution of your duties has a direct effect on patient outcomes. As for "the elitist" whadda ya expect from a guy who lives in Champagne.

[elgeebeekei10]

Originally Posted by 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.

My oh my!! But How can I afford? a $10,000 payment to fix my Porsche maybe I should go Japanese

[ekam]

Just know that what you're doing is nothing new. Many people have sold their Porsche because they can't afford to keep it due to engine failure/lost of job/nasty divorce/etc etc.

People come and go a lot in the forum.

Roll a dice, life is short.