Hello and HAPPY NEW YEAR to everyone.

I never thought I'd actually start a thread on the last day of the year wining about my buyer's remorse but I can't help it

I have very mixed feelings about actually moving forward and pull the trigger on my GTS order or cancel it and potential lose my $10k deposit. Here's my built:

1. 911 Carrera GTS
2. Carmine Red
3. GTS Package in Carmine Red
4. PASM Sport Suspension
5. Auto Dim mirrors
6. Smoking Package
7. Sunroof in glass
8. Power steering plus
9. Model designation "911"
10. Bose Package
11. Aerokit Cup
12. Side Skirts painted
13. Stick Shift (yes, it has 3 pedals)

The question that everyone would probably ask: Can I afford it? Yes. I'm 32 year's old, working hard since I was 16 (in the matter of fact I'm writing this thread while I work lol), married without kids and no mortgage and this is money I worked for, not inherited. So money is not a problem; However here's my issue: It's going to be my 3rd brand new Pcar and I feel so dang guilty about it. I know I'm going to love the car and I'm a keeper as well as always dreamed about owning a brand new 911. However I grow up in a middle class family, without an excess on anything materialistic. Buying such an expensive toy that I don't need makes me so sick in my stomach.

What are you thoughts? I'm ready to take some heat here so c' on give it to me :P

 

Sorry, I don't impose my own personal values on anyone else. Most adults can make up their own minds.

 

Interesting, what other Porsches have you had?

 

2006 Cayman S which I sold in 2012. Now I have a 2012 Cayenne Turbo

 

Sounds like you need another sports car in your life

 

Normal...
Pull the Trigger!
Just saved you $10k
2013 4S, No regrets.
Nothing to feel guilty about, you earned it.

 

If you can afford it, do it. If you don't you will always regret it and your life's expenses will only go up as your family grows/ you get older. Plus you'll eat 10k if you don't. Take delivery and sell it later if you still feel like it was a huge mistake

 

Get it. That's a great spec and you won't regret getting a 991 GTS.

 

34 here with a wife and baby. With me it was also the guilt of owning a 911 at my age. But like you i work my butt off and deserve it. The guilt disappears after your first ride!!!

 

$100K + is a lot to spend on a toy, but as money is not a problem, I say go for it. You only live once and there is nothing like the present. Enjoy your life now to the fullest - life is about not having regrets.

 

There's always someone younger, richer and dumber. I'm 30, just bought a 991 turbo. :/

 

When you say no mortgage, do you mean your house is paid off?

 

This guy right here.

This thread is ridiculous. If you have guilt over buying a 911 no one here is going to help you. Nut up, stop being a baby, and enjoy the spoils of what you've earned/work so hard for. Otherwise you should give away all of your money as it is clear you heart won't allow you to enjoy yourself.

You expected some heat...

 

Just having the amount of money handy does not necessarily mean money is not a problem.

You don't have to answer these questions publicly but you should answer them to yourself.

Is your retirement plan fully funded? If you spend $100K now over time that could have grown to $200K, even $300K if invested wisely. And if you start saving for retirement early you do not have to take as much risk. You have time to grow your retirement savings which means you do not have to assume as much risk to reach your retirement savings goal.

And do you have money set aside -- not including your retirement savings -- for just in case?

It varies from person to person but I have found over the years I feel pretty good if I have around a year's salary in the bank. It means if I get laid off and I have a couple of times over the years I have enough money that I don't have to fret about making ends meet while I search for a new job. And I can be picky about the job I do take. Sure there can be unemployment but depending upon your circumstances it may not cover much. For instance, I was receiving $450/week unemployment while laid off. I won't divulge my salary but just let me say that $450/week is no where near my annual salary on a weekly basis.

And you will be surprised how much it can cost to be laid off. Working my employer paid all my medical, dental, and vision insurance premiums. (And kicked in a healthy matching contribution to my 401(k) plan.)

After I was laid off, to keep my insurance, COBRA cost me $1183/month and it is undoubtedly more now. My rent is around $1400/month -- I rent because it allows me to be flexible and move to where the work is: when I retired and when I decide where I will retire I'll buy a house to live in -- and there is of course other expenses: food; gas; phone; utilities; insurance; car repairs (had a $4300 bill to replace the radiators in my Turbo), new tires on the Boxster, $1000+ to cover hand surgery I needed.

So that $450/week or $1800/month covered my COBRA and a fraction of my rent. Everything else I had to pay for out my rainy day money fund.

Might mention that unemployment benefit doesn't run for very long. I received it for 6 months and it was expiring and that is when I was fortunate to find a job. In fact I found my old job got rehired by the company that laid me off. Had I not found another job right away I was faced with living totally off my savings. While have retirement funds set aside I didn't want to have to touch these.

You don't have to buy a new car. You can get a pretty good used Porsche for around $50K. (My 2003 Turbo which I bought used in 2009 with just 10K miles and a 2 year, 100K mile CPO warranty cost $57.7K.) The Turbo was my 3rd Porsche and my first used one. Both my new Porsches (2002 Boxster, 2008 Cayman S) didn't cost $100K combined. The Boxster cost around $43K and the Cayman $50.6K.)

You can buy a used Porsche and leave maybe 50% of that $100K in the bank or better yet save it/invest it towards your retirement.

You think it is cheap to live retired? Well, it can be but you can be surprised how expensive it can get. My Mom and Dad retired about 30+ years ago. They both had pensions from the companies they worked for. Those pensions like that are no longer offered BTW. Also, both received their medical insurance as part of their retirement benefit. So coupled with the their SS which was not much compared to say what one might receive today they had plenty of money and lived ok. Nothing fancy but they had everything they wanted and needed. They traveled, did things together and enjoyed retirement as it is meant to be enjoyed. They worked hard all their lives and were entitled to this and I'm glad they got this enjoyment.

Then they got real old. And unable to live on their own. I brought them 2000 miles so they could be near me and look after them but after not too many months they both needed to move into assisted care. They simply could not live on their own anymore.

Assisted care cost them $5900/month or nearly $72K per year. Their retirement income, which was pretty good, did not cover this. So they had to rely upon their savings. Thankfully Dad was pretty darn good about saving and they had enough money saved they could have gone decades without burning through their savings. But just about the time Dad died, I got a letter from the board and care home -- they were in a board and care home the last nearly 12 months of their lives -- and the cost was going up to $7000/month. That's $84K per year. Dad and Mom never made that much money working and they both had pretty good jobs. 'course as I mentioned above they retired over 30 years ago. (Their first home, bought in 1964, cost just $18,000. The mortgage was $128/month.)

So Dad died, then the board/care home wanted to raise Mom's care cost to $4000/month. When Dad died Mom lost over half her retirement income -- Dad had the larger pension and SS benefit as he worked longer and made more money than Mom -- and because I didn't know how long Mom would live I had to find another place for her which I found that only charged (only charged) $3000/month. But I got a guarantee the care home would not raise her care cost as long as she was there. Sadly to say Dad died on 11/3/2014 and I found a new place for Mom and moved her -- well, an ambulance moved her -- on the 11th and then she died the 23rd just 20 days after Dad.

The point of the above is while you think you have enough to live on things change and sometimes not for the better. At some point life starts taking things from you rather than giving you things. 33 is a bit young to be thinking about 63, but you should. 63 will be here before you know it. And then there's 93 (or 96, the age Dad was when he died). If you are lucky you can see 93 or even 96.

Do you really need to spend $100K on a new Porsche? Are you really in a position that the money is essentially of no consequence?

You know that nice shiny new car can turn into a pile of scrap in no time. I bought a nice new 2008 Cayman S in early April of 2009. By early May, just 4 weeks later, the car was smashed to a curb after being t-boned by some butthead driver on a cell phone who lost control of her car. The car was a total write off. The other driver's insurance company managed to come up with a settlement that made me whole again but it took the threat of a lawsuit to get its attention. Part of the problem was the owner of the car had too little insurance.

The way it works is picture you taking the money -- in cash -- you pay for a new car and walking outside on a windy day and throwing the cash away. If you are lucky the wind will blow some maybe most of the money back your way. But it may blow it all away from you.

 

Couldn't agree more with Macster!

Make sure you're financially secure before moving forward.

Happy New Year!!