Update: Yet another one Drooling and wanting a Porsche

[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.

[greenandtan]

Originally Posted by Ghostrider 310

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.

Ah yes, Sham-pa-nya:

https://www.youtube.com/watch?v=WNCOFJnpPGs

I couldn't pull the trigger on a 2000 Carrera, Champagne colored, just being out of town and getting set to deploy to Afghanistan again. Nok-cha, my Rainforest Green and Tan, will be sitting and waiting even longer to clear the CEL and get the tune-up it desperately needs.

Enjoy the video and the driving, you "only the newest -- Elitist", razza frackin 981 driver

[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.

[Boxsterund914]

I propose that buying a Porsche, or any other "enthusiast" car can never be a totally "right brain" rational decision. It is, rather, an emotional and therefore totally non rational decision. One can, though, be as rational as possible in making a totally emotional decision...... if that makes sense.

If your finances are tight then ask how tight? Can you do the work yourself? If not all the work then can you at least do some? Do you have the space and the tools to do the work? Can you cover your responsibilities while the car is down for the work you need to do on it? Are you resourcefull enough to find out how to diagnose a problem and then find out how to take care of it? Porsche repair shops assume that you have unlimitted means to take care of any problem. You don't want to be the guy walking in saying "Please sir fix my problem, I'm totally clueless". You will pay out the nose!

Make a sound decision as to what car to buy. Make a sound decision as to what your resources are. If you give eveything you have to get it with no "reserves" for repairs...you may be caught in a bad situation. All used cars have some deffered maintenance required..ALL of them! Heck as soon as you put one mile on a car you are only so many miles from an oil change or an engine rebuild...one is just much closer than the other!

I know that everything I have stated is simple common sense but so many get caught up in the emotion of an emotional transaction that they lose focus. A Porsche is not a "point A to point B" appliance like a Toyota or Ford. They cost more to maintain, they just do. It should be no suprise yet it suprises many...go figure!