Miles and dollars: Boxster ownership vs. first car

[PorscheBound]

If I am understanding your calculation I have spent $6.66 a mile. With cost and upgrades I am about 20K into the car and put about 3k miles on it.

[Perfectlap]

Originally Posted by PorscheBound

If I am understanding your calculation I have spent $6.66 a mile. With cost and upgrades I am about 20K into the car and put about 3k miles on it.

From this perspective it makes me consider if it's better to buy an older Boxster with light mileage but ample depreciation (because of the model year) to reduce the purchase price, vs. a newer Boxster with higher mileage, one that is closer to 'major maintenance' expenses territory, and a higher purchase price being from a newer model year.

Some people have said to me that I put too much money into the Boxster, but after a decade of ownership I'm doing the math and for a German car, on a mileage basis, it doesn't seem all that bad?

[jb92563]

$1.60 per mile for the cost of the car plus my upgrades over my first 10,000 miles.

If we are talking operating cost I need to add fuel, insurance, fuel and licensing as well. Fuel $0.17 per mile, insurance + Lic $0.18 per mile

So in total $1.95 per mile.

Also works out to $1,053 per month for everything with unlimited miles.
Hmmmm, maybe leasing is better?

Of course the cost per mile shrinks if everything remains about the same and you're just getting more miles.

[BIGJake111]

My boxster is my firest car but i feel i would be in the green as all repairs have been virtually free with father working at the dealership and the fact i can easily resale my car for 2k or more over what i bought it for.

[Perfectlap]

Originally Posted by BIGJake111

My boxster is my firest car but i feel i would be in the green as all repairs have been virtually free with father working at the dealership and the fact i can easily resale my car for 2k or more over what i bought it for.

Yes but you've unfortunately platteaued too soon! It's like the guy who used to live in a studio apartment where his ktichen and shower were in the same room that now loves his 20K square foot mansion with the private golf course, infiniti pool and six car garage (or the equivalent of a high school kid driving a mid-engine Porsche ).
Versus the guy who only experienced the best right from the start, he's not going to be too impressed with much going forward. Was a Boxster the only car you've owned so far? Or did you have to start out with a beater for a few months?

[jcb986]

You own a man's toy. And as all toys, it's the fun of ownership and enjoyment. Now, the worst thing to own is a swimming pool.:ah:

[Perfectlap]

Originally Posted by jcb986

You own a man's toy. And as all toys, it's the fun of ownership and enjoyment. Now, the worst thing to own is a swimming pool.:ah:

My friend with a boat wants to trade with you. And my co-worker with a horsey also wants in.

[BIGJake111]

Originally Posted by Perfectlap

Yes but you've unfortunately platteaued too soon! It's like the guy who used to live in a studio apartment where his ktichen and shower were in the same room that now loves his 20K square foot mansion with the private golf course, infiniti pool and six car garage (or the equivalent of a high school kid driving a mid-engine Porsche ).
Versus the guy who only experienced the best right from the start, he's not going to be too impressed with much going forward. Was a Boxster the only car you've owned so far? Or did you have to start out with a beater for a few months?

My philosophy was that either A. Ill never own another and at least I can enjoy it while young (y'all have proven you never get too old to enjoy a car though) or B. most people only move up from their first car and many Porsche owners once they own one they will convince themselves to buy another down the road. So the insurance of catching the bug young is great. I practiced in the mothers 2010 Camry starting spring 2013 drove whatever else I had the chance (lots of jeeps and trucks from the fam, toss in an el camino) got the boxster late October 2013 drove with supervision untill late December and now I drive to school (when it doesn't rain) and frequently with supervision as apposed to without on the weekends to church or just to road trip. But yes the boxster is in everysense my first car.