Every car I've purchased was $20K more than the last one. I started with a Scirroco and now have a Carrera S. With the gradual rise in car payments it made it a lot easier to sell the next purchase to the wife. I don't think she has even noticed what the plan was, yeah right! Next up is the 997 TT, then a GT2, then? When does it stop? I keep telling her "honey, this is my ultimate dream car" every time I move up a notch. I don't think she believes me anymore.

 

Bringing one's wife around to your way of thinking is a fine art form. Practice it for the next 2-3 years while you get the funds to afford this car.

 

how about lease? it should be no more than 2k a month. Better yet wait for the 997tt it is only a year way.
Lawrence

 

My finances:

$47000 @ 5.2% (student loans)
$13000 @ 10% (credit cards)
$ 7200 @ 4.1% (wifes car)
$25300 @ 3.7% (nissan)
--------------------------------------------
$92,500 total debt


I am selling my Nissan and if I get the KBB price for it then I can pay off the Nissan and use the rest to pay off either part of the credit cards (smart) or pay off my wifes car completely.

So in about a month I will be down to $60k debt. I make roughly $6600/month and if I pay $3k a month towards my debt it would take 1.75 years until I am debt free and can even begin to start saving up for the porsche.

Damn student loans... sometimes I wonder if a Master's Degree was worth the 30k.

 

dude, no offense, but a Porsche turbo with those finances and even a kid on the way?

 

Ya, no ****... I'm thinking now is not the time. But damn I'm finally doing good income wise. Just gotta get my debt sorted first before I jump into anything > $40,000.

So I guess I will be in the market next year this time.

 

Whatever you do, pay off the debt with the highest interest first, otherwise the high interest is eating away at your ability to pay off the other debts. Yes, the masters was worth it and you've got plenty of time to get the car. I was 34 before I had my first Porsche but the good thing was that I could easily afford it at that point.

 

A masters is good, except even the best schools don't teach you financial responsibility and savvy.

Don't even think about the car for 5 more years. In the meantime, focus on raising the kid and making more money, way more money. Starting saving money for the kid's college and retirement. Be happy with the nissan, maybe move up to a bimmer in a little while. One step at a time, young man. You don't have to impress the people here.

 

My "ex-wife" didnt want me to buy a Porsche.. when we were together
Now Im on my 2nd P-car,
buying a house, then it looks like either a '01 tt or a Cayman

 

Wow, in that case, I take back what I said. Pay off your debt first. Buy a house second. Save some more money and get the car later.

I thought you had 80k cash to pay for a car or pay off student loans. Why the heck is the interest so high on the student loan? Hell, I have better financing on my RS6 which is preowned.