Buy it when it is important to you. there will come a time in life when you will no longer care about it. My grandfather told me that when I was a little boy and I am now in my 40's and i would say he was correct in his statement. He said invest 10-15% of your salary and never touch it, spend the rest.

 

You're in perfectly fine shape to buy the car.... but you already know that. I probably wouldn't pay cash though. I'd likely finance an amount that I think I would sell it for a couple years down the road.

Also, don't make a decision right after an emotionally-charged event happening. Really not the best idea. Let it sit for a month or two and then decide. But you may never be comfortable spending that much money... just so you know. The TTS freaked me out a bit when I bought it because of how much it was...even though I own properties outright and have tons of cash sitting around that could pay for the purchase many many times over again. At the end of the day, most of that fear is that we work really hard to get where we get to, and we're scared of making a decision that could compromise that situation that we've worked so hard to get ourselves into. It's not logical thinking, though.

You only live once... you can't take money to your grave... spend your money on life experiences -- if that's a car, great!

 

Do it and don't look back. Like you said...life is too short and you never know what can happen. Mine is actually being delivered tomorrow morning

 

If you are going to let automaker advertising play any real role in your life you are going to be in a world of hurt.

 

Sorry, I didn't make myself clear. My parents died with more money than they had when they retired. Dad (and Mom) continued to live within their means after retirement (as they did before retirement) and managed to grow their savings quite impressively over the years.

And they enjoyed life before retirement and afterwards too. While working tthey took vacations, went dancing, ate out, had a nice TV, and what have you. Dad had a fishing boat and went fishing. Both had their own vehicle and both ran their own errands and went shopping or visiting friends whenever they wanted to. Mom had her hobbies., her cat and dog, her sewing, and reading, writing letters and cooking and baking. They both had the church, too. Shortly before they retired Dad bought a custom built home for Mom. He promised her he'd build her a home just like she wanted and he did. And they paid cash for the home. And kept the 1st home, too. After retirement they bought a nice 34 foot camper trailer and a low miles Suburban to tow it with and traveled the country and parts of Canada having a grand time. They'd spend a month out here visiting my sister and I and they'd then go to AZ or TX and winter. During the summer they'd go north and tour around the country.

When they got to the point they could no longer travel -- heath problems -- and could no longer live on their own, and required assisted care, then board and care, they were able to relax during their final couple of years because they had sufficient reserves. Almost every day Dad would ask me about their finances, how were they holding up? I could look him in the eye -- but out of earshot of the care staff -- and tell him their finances were fine. While they were spending around $32K/year more than they made they could have continued on like that for another 31+ years when they would have been 116 (Mom) or 124 (Dad).

Or more than 31 years. Dad and Mom had a bunch of money in the stock market and over the years they made two tons of money. Even after retirement, they both continued to invest monthly into mutual funds. Dad was worried about not being able to earn any interest from savings but I pointed out no need to worry about interest when he made 30% or so on his money in the stock market over the same couple of years he was earning nearly zilch in interest.

Might mention Mom and Dad outlived all their friends in town where they lived and did so without going broke like many of their retired friends did. Many retirees assumed they'd make big interest on their savings over the years and could live on that. When interest fell to nothing they had to tap their savings to live to maintain their life style. Mom and Dad didn't. Dad had seen to it their investments were quite well diversified and their savings continued to grow over the years. Like I said, they died with more money than they started retirement with and yet enjoyed life fully. Dad shunned Porsches and couldn't understand why I bought one, the first one cost 3 times what he and Mom paid for their first house, and instead preferred to drive Crown Vics, but they had everything they needed and everything they wanted and that's what counts.

"I guess I'm just looking for some moral support before I put my money in what I consider as an expensive toy."

Well, I dare say you are not looking for moral support, you are looking for affirmation or perhaps for someone to talk you out of what you subconsciously feel is not the right decision for you at this time.

You'll get the encouragement to spend the money from some here, that is for sure. But I'm advising you to take a step back and really think about what you are about do and does it make sense for you at this time.

BTW, the near death experience is just an excuse. While I'm glad you came out of it ok, many have had near death experiences or at least very serious illnesses. I've been shot at and hit. Had serious motorcycle accidents. My Mom was blown out the front door of the Hyatt Regency hotel in KC MO that had the balcony collapse back in 1981. She had just turned around and walked out from under the balcony because she thought she saw Dad drive up to the main entrance to the hotel lobby and she wanted to tell him where she would be after he parked the car. When the thing fell the air blast blew her out the doors onto the hotel forecourt. She was not hurt. The 114 or so inside under the fallen balcony and the over 200 hundred injured were not so lucky. Mom was lucky before: Years earlier with Dad at a farm house outside of town visiting a couple that owned the house a windstorm came up suddenly and blew a large tree over. Lucky for Mom she ended up avoiding injury because when the tree came down she somehow ended up where the tree had a fork made up of two large limbs which kept the tree off her. A friend of Mom's wasn't so lucky as the tree fell on her and paralyzed her. Mom was just recovering from cornea transplant eye surgery, too, and this was back in 1959 when this surgery was still quite rare. My sister was near death more than once a few years ago spending 50 weeks in the hospital and then months at home recovering before she was able to return to work. Dad had a quintuple bypass operation and the doctor tossed in a pig valve for good measure when Dad was 80 years old.

You had a near death experience? Ok, but so have a lot of other people. Doesn't mean you have to jump off the rails.

 

Eh, I'd say go for it, assuming the remainder of your investments and such are in order.

Worst case, you sell the car if you need funds, and you're out 15k or so.

maintenance seems like its pricey though and the car is not terribly DIY friendly.

 

You own a porsche yet?

 

I didn't have any near death experience and I currently own a 996. I maybe close to buying a 997.2TT soon so I say go for it if you can afford it. You only have one life to live and having a fast car like a 997 turbo will be something special that you will most likely enjoy for years to come..