Quote:
Originally Posted by Axxlrod
Larry, your advice is helpful as always. You said you'd wait... but wait for what? Do you think that the market for used Pcars is going to get softer in a few months (after summer)?
If Porsche really cuts back production on new cars, I don't see how that won't put anything but upward pressure on the value of the cars that are already out there.
I really want a Pcar in my garage, but I want it be a smart decision (if buying a car can ever be considered a smart decision).
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I have noticed a trend with high end cars where end of October, end of November , end of December are the best time to buy . The weather gets colder , holiday shopping diverts attention from personal gluttony ... cars sit on lots and dealerships get hungrier . Plus new models are mingled with leftovers . That's the time to buy.
Last year 2008 was like a frenzy of bargains because from October to December on top of this usual trend the stock market , real estate, banking confidence plunged and when most saw their statements drop -- high end retail in general dropped .
Lately the economy bounces back and forth and so do these Porsches . If by December media is sounding positive as lending recovers and the Dow climbs to 9k+ then these Porsches will even cost more but if the lows are re tested and the economy dwindles that 55K car will still be on the lot.
It's anyone's guess but I woiuld wait . Every day you don't buy the car you still have that savings and that buys a lot of peace of mind too .