Looking for honest opinions. I am looking to buy a car. Take home is ~$6000. End up saving ~50% of my paycheck each month for the past year and hoping to continue the same. My eyes are on Porsche Macan GTS. Payments are coming to around $1050/month. Thoughts on if I should pull the trigger or not? Also, this will be my first ever car at the age of 29.

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Will second all the opinions on used. Was looking to buy my first car over the winter and once I made the decision to go luxury there were obviously a ton of options. Ended up with a 2020 3 series that was a dealer courtesy car with ~7k miles. Officially first person to title it and have confidence that it was impeccably maintained. Got it for ~15k under original sticker price and had all the options I would have wanted anyway. Used that sticker discount to buy some of the extended warranties (sort of a scam, I know, but I wanted the peace of mind having predictable expenses for the next 7 years).

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I say go for it. I’m near that range and the payments seem reasonable. It’s slightly higher than a lease in that ballpark but you’ll own your car outright. If you’re into driving and cars in general, Porsche is an attainable brand that’s hard to beat. I would not recommend it if you don’t care for the experience and sensations of driving (i.e. road noise and feel, stiffer steering and suspension, high power/torque but low MPG). The Macan will crush it in inclement weather. Not so solid in off-road use but doesn’t seem to be in the requested use case. There’s a Macan S in my family, almost six years strong now so one of the earlier models and it’s running solid with no problems. I’m similar in age and bought a high spec 718. Don’t be afraid to spend on what you enjoy, and driving is one of the things I enjoy. Yes, nearly all cars will depreciate, but as do almost anything else you buy outside of investments. That wouldn’t stop you from consuming food, going on vacations, and buying things you want. Cars and driving are an experience and a machine to enjoy - go ahead and live a little. DM me if you want to discuss further, and congrats on the new ride.

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Please use Turo or something to “try it for a week or two” before getting stuck with a depreciating asset I bought a 90k car in a similar situation as you, probably drove it 15k miles in 3 years, and while it’s an absolutely amazing car, wasn’t worth buying

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Gotcha, go for it; I saw the post said first car ever at 29, so assumed low mileage

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I just don’t get the desire for SUVs.

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As a Macan owner, I strongly encourage it 😎 6 years later, I don’t miss the $, still get a smile when I drive it, have not outgrown it, and it handles city driving and long-distance trips perfectly.

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When I was 29 I would have been tempted. As a now 42 year old I would regret having spent that kind of money

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FIRE

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My recommendation is stay away from Porsche and go get a 4Runner!!!

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D5, you talk about apples 🍎 vs oranges 🍊

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It’s a great, great car— I had a Macan S (see pic) for a while and loved it… but at $1050 a month (plus insurance, etc), man, that’s hard to swallow. Somebody else suggested Turo and I agree, try before you buy. I’m 100% for people following their automotive dreams, but make sure this is something you’ll get enough satisfaction out of that you won’t regret the move. Porsche GTS models ride hard and make a lot of noise (and Chi has uniquely unfriendly road surfaces). Everyone here has the Excel TMV function, so I won’t belabor the point… but the $80k you spend on a Macan GTS today will be $375k by the time you’re 49.

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At that price, why not go for a Taycan cross Turismo? You'd also get the 7500 tax credit

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My income can afford significantly more but I drive a Honda CR-V because I live in Chicago. Every time I get my car washed, I find a new scratch.

The concern id have is that SUV isn't Porsche's focus, it's their money maker. You'd be buying an expensive VW carriage with higher maintenance (assuming warranty is equal). I love the look though and can appreciate the choice. Id just be worried about having issues like BMW, where the X series is literally rated as the worst performing SUV you can buy.

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Sc1, Porsche USED to be very reliable.

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Depends on ur daily commute distance. Went with a S instead of Gts n Turbo. While they’re amazing, Turbo did 9mpg during traffic. Honestly though, Macan is incredible. Almost no similarity to the Sq5. Dm me if u hav questions 😎

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One of our cars is a Tesla. I love the EV part of it and some of the design features but the car is by no means luxurious. When I sit in the X5, everything feels well made, excellent fit and finish and you’re just embraced in comfort. The Tesla has lots of plastic, minimal sound proofing and fit and finish just aren’t there. Hopefully Rivian can deliver a quality EV SUV then I might make a jump.

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Highly recommend finding a used car with very low mileage (less than 10k miles). That car will depreciate 10-15% the second it drives off the dealership lot and it’s just not worth it. Also heads up Porsche SUVs are going to depreciate in value much more quickly than the sportscar models, and have absolutely terrible MPG.

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Got a bunch of kids and we can’t justify nice cars that our kids will destroy. Wish I had bought a fun car while I could have

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Kpmg3, wait for all kids are out of house, get something nice. I just got myself BMW M240 convertible.

Good car but I’d get a used one

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Agree but it’s difficult to get some features in a used car.

You will have more time to save before you can’t anymore, so I would say go for it before you can’t anymore (because of other commitments).

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Save some money and get an Audi SQ5

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Macan is not a daily commuter car, low gas mileage and high maintenance costs, get a Toyota hybrid for your wife. Also current Macan is based on previous generation of Audi Q5, I passed it.

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Check Audi SQ5, or wait for new version Macan coming out this year or next year. I am waiting for it.

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I’m 26 and snagged a 911 with a similar cost/payment and sort of wish I’d gone for the Macan instead

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Do you max your 401k ? Do you do IRA ?

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Yes

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You would be buying an asset that will depreciate in value quite fast. Rationally I would not buy it rather get something cheaper and save/invest the money. But sometimes the heart wants what the heart wants :)

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Also highly recommend the Mamba Green if u can get it.

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