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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
Gotcha, go for it; I saw the post said first car ever at 29, so assumed low mileage
Chief
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.
Pro
Sc1, Porsche USED to be very reliable.
The total value of all your vehicles should not exceed 1/2 your annual income. - Dave Ramsey. Don’t put significant $ into depreciating assets.
Get a volvo xc90 with million mile warranty for $6500 additional cost.
It may not be as fun but it will prob be a better car
I just want to know how you live on $3k a month.
The least expensive car you can afford that’s reliable. Cars are horrible investments unless you’re going to own for at least 10 years
How much is the down payment on that car? I am actually looking at the same
Pro
Chief 1, you are absolutely right. Nobody can beat Lexus for reliability! To get the best of world, buy and hold Lexus, lease German!
If you ever consider anything other than a Macan, lots of cars could be bought used with low mileage are becoming more popular in the market - as in resale value in the car community. Would be worth noting if you think you would every sell if a few years down the road.
I don’t think I’d sell it for atleast 7-8 years. And yes, I’ll look at used cars. Other one I am looking at is Audi Q6 sports.
Literally a mortgage in some parts of the country lol
Also 29 and my take home is like 8-9K/mo but I’m still hesitant on buying a car at all (and I used to work on cars in the past). But I’m also single and have a motorcycle. Feel like I’ve gotten much cheaper into my late twenties haha.
Not sure if saving only like 25% of your paycheck every month is good enough after this purchase (given insurance, annul registration costs, gas, maintenance, etc.), but depends on what your future goals are (ie. Planning to buy a house or not).