New 09 base vs CPO '07S and CPO 0
Tough call- would probably go for a new '09 for $15K total difference incl. tax- financing it for one extra year over the '07 would lead to about the same monthly payments (if the cars are otherwise equivalent). However, you could probably get more options on a '07 CPO - ie full leather, PSE, Nav, Sport Chrono, Bose, etc + < 20K miles for under $55-59K- which would definitely cost you more than $71K with a new '09- in which case I'd go with the '07-
Buying the used car and the annual cost will be closer to $5k. A HUGE difference compared to buying the '09. Also, the '09 is not an S, the engine may be better than the older models, but the used S will sell at a premium and will also be more desirable for resale value.
From what I've seen, prices have definitely firmed. It is the winter, so this is a good time to go bargain huning though. Nevertheless, your target prices seem reaching. Inventory seems more active now than it was 6-9 months ago and prices are firmer. Lesser cars go for lesser prices, the good cars still get a premium. The '09 should be a good 20% off the MSRP - heck it's a year old. That's what you would expect for first year depreciation. If you add the miles, the $2-3k extra you spend for the CPO will get you peace of mind and help you feel comfortable driving the crap out of it!
From what I've seen, prices have definitely firmed. It is the winter, so this is a good time to go bargain huning though. Nevertheless, your target prices seem reaching. Inventory seems more active now than it was 6-9 months ago and prices are firmer. Lesser cars go for lesser prices, the good cars still get a premium. The '09 should be a good 20% off the MSRP - heck it's a year old. That's what you would expect for first year depreciation. If you add the miles, the $2-3k extra you spend for the CPO will get you peace of mind and help you feel comfortable driving the crap out of it!

unless you buy a cheap beat-up car with a Diesel engine, you might be better off (and with a bigger grin on your face) buying the 911 and just driving it - these cars are rock-solid, the engine is made to last and usually people who drive 30,000miles a year don't do it on the racetrack or doing stop and go in the city, but on long stretches on the highway - thus, what is the downside to using the 911 (unless you mind the noisier cabin?).
you can sell the 2009 911 with 90,000miles on it in three years for probably around $30,000; thus your annual cost is roughly $15k
If you buy it and only drive 45,000 miles the remaining value is about $45k (all prices from KBB), thus annual cost of about $10,000
The question is, what kind of car can you buy, depreciate, insure and maintain for $5000 per year (make sure you include interest payments or if you pay cash capitalize your interest) if you buy a second car in addition to the Porsche - especially as you seem to be someone who enjoys driving nice cars (agree on the Panamera by the way, fabulous car).
Would not worry about Porsche' breaking down from high mileage - 50% of all Porsche ever build are still on the road for a reason ...
you can sell the 2009 911 with 90,000miles on it in three years for probably around $30,000; thus your annual cost is roughly $15k
If you buy it and only drive 45,000 miles the remaining value is about $45k (all prices from KBB), thus annual cost of about $10,000
The question is, what kind of car can you buy, depreciate, insure and maintain for $5000 per year (make sure you include interest payments or if you pay cash capitalize your interest) if you buy a second car in addition to the Porsche - especially as you seem to be someone who enjoys driving nice cars (agree on the Panamera by the way, fabulous car).
Would not worry about Porsche' breaking down from high mileage - 50% of all Porsche ever build are still on the road for a reason ...
Chris -
You are spot on with pricing !!!! My vote goes to the new car as well and I am in full agreement on the ridiculous asking prices of CPO cars in recent times . In fact the CPO cars cost as much as they did LAST year .
As for 30K miles a year in a Porsche 911 . I wouldn't do it . Most of my daily driver second cars have been BMW's but I even think those are too nice for 30K miles a year . My vote goes to a Honda Civic . Three years and 90K miles later the car will depreciate 7 grand , take all the dings, chips, and assorted snags of daily use . It can be parked anywhere and runs forever on gas and is cheap to insure and repair .
You are spot on with pricing !!!! My vote goes to the new car as well and I am in full agreement on the ridiculous asking prices of CPO cars in recent times . In fact the CPO cars cost as much as they did LAST year .
As for 30K miles a year in a Porsche 911 . I wouldn't do it . Most of my daily driver second cars have been BMW's but I even think those are too nice for 30K miles a year . My vote goes to a Honda Civic . Three years and 90K miles later the car will depreciate 7 grand , take all the dings, chips, and assorted snags of daily use . It can be parked anywhere and runs forever on gas and is cheap to insure and repair .
Chris -
You are spot on with pricing !!!! My vote goes to the new car as well and I am in full agreement on the ridiculous asking prices of CPO cars in recent times . In fact the CPO cars cost as much as they did LAST year .
As for 30K miles a year in a Porsche 911 . I wouldn't do it . Most of my daily driver second cars have been BMW's but I even think those are too nice for 30K miles a year . My vote goes to a Honda Civic . Three years and 90K miles later the car will depreciate 7 grand , take all the dings, chips, and assorted snags of daily use . It can be parked anywhere and runs forever on gas and is cheap to insure and repair .
You are spot on with pricing !!!! My vote goes to the new car as well and I am in full agreement on the ridiculous asking prices of CPO cars in recent times . In fact the CPO cars cost as much as they did LAST year .
As for 30K miles a year in a Porsche 911 . I wouldn't do it . Most of my daily driver second cars have been BMW's but I even think those are too nice for 30K miles a year . My vote goes to a Honda Civic . Three years and 90K miles later the car will depreciate 7 grand , take all the dings, chips, and assorted snags of daily use . It can be parked anywhere and runs forever on gas and is cheap to insure and repair .
If you spend 15% of your day - every day that is - with something, don't you think that you should make it as nice and stimulating as possible within your financial means?
'Life may not be the party we hoped for... but while we are here we might as well dance!"
[quote=Jafetica888;2627691]Here is the downside: driving 30,000 miles in a Civic, you spend at least 600 hours or more than 2hours a day (most likely 3 as you won't get a 50mph average) sitting in a pretty boring and mediocre car.
If you spend 15% of your day - every day that is - with something, don't you think that you should make it as nice and stimulating as possible within your financial means?
quote]
I'm on the fence with this and would pin the answer on an individual example rather than on the whole . The reason is that some regions have harsh driving (weather/road) conditions or place the 30K mile a year driver in unsafe areas. All it takes is one accident , one car jacking , one ipod theft, or even just one flat tire at the wrong place at the wrong time -- and driving a boring Honda Civic can reduce some of that negative exposure risk. This way the Porsche is enjoyed with more selective choices given to it's owner.
If you spend 15% of your day - every day that is - with something, don't you think that you should make it as nice and stimulating as possible within your financial means?
quote]
I'm on the fence with this and would pin the answer on an individual example rather than on the whole . The reason is that some regions have harsh driving (weather/road) conditions or place the 30K mile a year driver in unsafe areas. All it takes is one accident , one car jacking , one ipod theft, or even just one flat tire at the wrong place at the wrong time -- and driving a boring Honda Civic can reduce some of that negative exposure risk. This way the Porsche is enjoyed with more selective choices given to it's owner.
Last edited by yrralis1; Nov 22, 2009 at 10:49 PM.
[quote=yrralis1;2627769]
All that is covered by insurance.
But - if you would be worried about all that stuff with the Porsche, buy a new C-Class Mercedes, VW Passat or BMW 335D to have a have a nice comfortable, safe and reliable ride and buy a $20k 993 911 as the fun weekend ride, drive it rarely and keep if for years ....
Here is the downside: driving 30,000 miles in a Civic, you spend at least 600 hours or more than 2hours a day (most likely 3 as you won't get a 50mph average) sitting in a pretty boring and mediocre car.
If you spend 15% of your day - every day that is - with something, don't you think that you should make it as nice and stimulating as possible within your financial means?
quote]
I'm on the fence with this and would pin the answer on an individual example rather than on the whole . The reason is that some regions have harsh driving (weather/road) conditions or place the 30K mile a year driver in unsafe areas. All it takes is one accident , one car jacking , one ipod theft, or even just one flat tire at the wrong place at the wrong time -- and driving a boring Honda Civic can reduce some of that negative exposure risk. This way the Porsche is enjoyed with more selective choices given to it's owner.
If you spend 15% of your day - every day that is - with something, don't you think that you should make it as nice and stimulating as possible within your financial means?
quote]
I'm on the fence with this and would pin the answer on an individual example rather than on the whole . The reason is that some regions have harsh driving (weather/road) conditions or place the 30K mile a year driver in unsafe areas. All it takes is one accident , one car jacking , one ipod theft, or even just one flat tire at the wrong place at the wrong time -- and driving a boring Honda Civic can reduce some of that negative exposure risk. This way the Porsche is enjoyed with more selective choices given to it's owner.
But - if you would be worried about all that stuff with the Porsche, buy a new C-Class Mercedes, VW Passat or BMW 335D to have a have a nice comfortable, safe and reliable ride and buy a $20k 993 911 as the fun weekend ride, drive it rarely and keep if for years ....
All that is covered by insurance.
But - if you would be worried about all that stuff with the Porsche, buy a new C-Class Mercedes, VW Passat or BMW 335D to have a have a nice comfortable, safe and reliable ride and buy a $20k 993 911 as the fun weekend ride, drive it rarely and keep if for years ....
Thirty thousand miles a year may not always have fun miles either. Having two cars gives the driver a choice every time he sets out to drive and that provides the luxury of knowing that the miles of a mundane drive can be hedged . Even more of value is the miles driven on harsh roads or unsafe areas can be avoided.
As for the choice of a daily driver ? Any of those cars would do but since 30K a year will send the car depreciatig I suppose its up to the individual how much he is willing to spend to have it all and preseve the best car for those special drives .
[quote=Jafetica888;2627691]Here is the downside: driving 30,000 miles in a Civic, you spend at least 600 hours or more than 2hours a day (most likely 3 as you won't get a 50mph average) sitting in a pretty boring and mediocre car.
If you spend 15% of your day - every day that is - with something, don't you think that you should make it as nice and stimulating as possible within your financial means?quote]
I'm all for that. I would much rather drive my A6 2.7T than my wife's old Acura TL which I do most of the winter. The Acura while competent is too milktoast for my tastes. She likes her TLs though and they are reliable. Can't and don't complain.
If you spend 15% of your day - every day that is - with something, don't you think that you should make it as nice and stimulating as possible within your financial means?quote]
I'm all for that. I would much rather drive my A6 2.7T than my wife's old Acura TL which I do most of the winter. The Acura while competent is too milktoast for my tastes. She likes her TLs though and they are reliable. Can't and don't complain.
Is this true in Nevada? If so I'm moving

In Michigan you don't even get the sales tax brake if you trade the car in @ a dealer. I hate Michigan!
I posted this on another thread but I'll post again.
If you are selective, you can find great deals out there...the deals will get better not not worse when we enter the double dip recession(but this is another story).
I just bought an 06' C4S with sports exhaust, full leather, NAV, sports chrono for 55,750...car has 6K miles...the car was check out and is clean...only downside is the car only has 10 more months of warranty. For me I had to either have a turbo or C4S as I love the wide body look and wanted the "S" features.
This was the best deal I found in the US...I looked every night for 30 minutes for a month...
.
But I agree with some who have said they wouldnt want to put 20K miles per yr on this car...I will buy a daily driver next yr but will drive it as a daily for the next 6 months since it has such low miles on it now.
What a fun car!...reminds me more of the Lotus Elise I had than the M3 I just got out of as far as road feel and overall handling.
Guess my point is this, keep looking and you will find great cars for great prices...but it takes time..."gas passer" huh?...cant anesthesiologists just buy an 09' since you guys make good coin while sitting down and reading the newspaper 90% of the time?...
.
If you are selective, you can find great deals out there...the deals will get better not not worse when we enter the double dip recession(but this is another story).
I just bought an 06' C4S with sports exhaust, full leather, NAV, sports chrono for 55,750...car has 6K miles...the car was check out and is clean...only downside is the car only has 10 more months of warranty. For me I had to either have a turbo or C4S as I love the wide body look and wanted the "S" features.
This was the best deal I found in the US...I looked every night for 30 minutes for a month...
.But I agree with some who have said they wouldnt want to put 20K miles per yr on this car...I will buy a daily driver next yr but will drive it as a daily for the next 6 months since it has such low miles on it now.
What a fun car!...reminds me more of the Lotus Elise I had than the M3 I just got out of as far as road feel and overall handling.
Guess my point is this, keep looking and you will find great cars for great prices...but it takes time..."gas passer" huh?...cant anesthesiologists just buy an 09' since you guys make good coin while sitting down and reading the newspaper 90% of the time?...
.
+1 and keep looking you'll find it eventually.
The first quarter of 2010 may be a good time to buy as most folks have spent their money on the holidays and aren't really shopping that extensively for a car. Of course YMMV.
Apparently the best day to buy cars is December 30th - last chance to get the dealers to reach their quotas and they are apparently quite flexible then. Never tried though
[quote=Jafetica888;2627782]
All that is covered by insurance.
But - if you would be worried about all that stuff with the Porsche, buy a new C-Class Mercedes, VW Passat or BMW 335D to have a have a nice comfortable, safe and reliable ride and buy a $20k 993 911 as the fun weekend ride, drive it rarely and keep if for years ....
I agree with that approach if you're in an area where the weather itself is cruel and unusual punishment for an exotic, or if your driving regularly includes destinations where exotics are like waving a red flag at vandals. And of course, for anyone in any climate the 'mission', to use a pilot term, is sometimes one an exotic does not do well. Delivering one of the dogs for grooming, picking up construction supplies for a project, that sort of thing. Live is full, and we have to plan.
If those hazardous destinations and special missions are unusual, I reverse that thinking above. Buy your dream car as a daily driver and keep an old pick-up or a Honda Civic for special missions. Or... well, there's another way. We tried the old pick-up route with our NSX and eventually the unmaintainable air conditioning unit became intolerable since we live in a desert. That led to the dreaded 'other' method: show some Enterprise.
For the dog, our Acura dealer provided loaners, so we used those when dog and car needs coincided. For construction projects, Lowes has a pick-up for rent. Thirty bucks once in awhile is a lot cheaper than owning a second car. And when neither of those fit the mission, we just called Enterprise. You can get a wide range of vehicle types for less than fifty bucks a mission. And with a little forethought, several chores can be combined. For example, needing to buy something sloppy like fertilizer, I would wait until the dog was ready for grooming, rent something cheap from Enterprise and haul the fertilizer while the dog was in the PetSmart spa.
That's how we managed to sell the old pick-up to a gardener in need for basically the cost of replacing the old battery. We kept the NSX as our only vehicle and necessarily our daily driver.
As for mileage, well that's the area with two schools of thought as described earlier in this thread. The NSX perished through someone else's negligence at 145,000 miles, but we'll handle our new S the same way: pamper it like a lover, and ride it regularly. Let the mileage total end up where it will.
Basically, when it's not a business vehicle, we buy cars we love and assume it will be us driving it until the wheels fall off. This is clearly a matter of personal taste. If you like to upgrade to the latest technology every two or three years, you have to start thinking hard about what those miles cost and expending them in the most enjoyable way. If you bought the one you really wanted and you're the monogamous types, then why worry about where each mile goes? When you reach 100,000 you'll have a little party anyway, and when you reach 200,000 you'll consider buying a new one to give the old lady a rest. But that's at least a decade away for most of us.
Incidentally, I did acquire a client who wanted daily attention at his offices nearly a hundred miles away. So we bought a Honda Civic in the sporty variant and I chose the Angeles Crest highway to get to the client. Only 75 miles distant that way, and getting there and back relieved the tensions as well as a track day. We put 105,000 on that Civic in one year. But it was mostly very pleasant driving. What more can you ask of a car?
All that is covered by insurance.
But - if you would be worried about all that stuff with the Porsche, buy a new C-Class Mercedes, VW Passat or BMW 335D to have a have a nice comfortable, safe and reliable ride and buy a $20k 993 911 as the fun weekend ride, drive it rarely and keep if for years ....
If those hazardous destinations and special missions are unusual, I reverse that thinking above. Buy your dream car as a daily driver and keep an old pick-up or a Honda Civic for special missions. Or... well, there's another way. We tried the old pick-up route with our NSX and eventually the unmaintainable air conditioning unit became intolerable since we live in a desert. That led to the dreaded 'other' method: show some Enterprise.
For the dog, our Acura dealer provided loaners, so we used those when dog and car needs coincided. For construction projects, Lowes has a pick-up for rent. Thirty bucks once in awhile is a lot cheaper than owning a second car. And when neither of those fit the mission, we just called Enterprise. You can get a wide range of vehicle types for less than fifty bucks a mission. And with a little forethought, several chores can be combined. For example, needing to buy something sloppy like fertilizer, I would wait until the dog was ready for grooming, rent something cheap from Enterprise and haul the fertilizer while the dog was in the PetSmart spa.
That's how we managed to sell the old pick-up to a gardener in need for basically the cost of replacing the old battery. We kept the NSX as our only vehicle and necessarily our daily driver.
As for mileage, well that's the area with two schools of thought as described earlier in this thread. The NSX perished through someone else's negligence at 145,000 miles, but we'll handle our new S the same way: pamper it like a lover, and ride it regularly. Let the mileage total end up where it will.
Basically, when it's not a business vehicle, we buy cars we love and assume it will be us driving it until the wheels fall off. This is clearly a matter of personal taste. If you like to upgrade to the latest technology every two or three years, you have to start thinking hard about what those miles cost and expending them in the most enjoyable way. If you bought the one you really wanted and you're the monogamous types, then why worry about where each mile goes? When you reach 100,000 you'll have a little party anyway, and when you reach 200,000 you'll consider buying a new one to give the old lady a rest. But that's at least a decade away for most of us.
Incidentally, I did acquire a client who wanted daily attention at his offices nearly a hundred miles away. So we bought a Honda Civic in the sporty variant and I chose the Angeles Crest highway to get to the client. Only 75 miles distant that way, and getting there and back relieved the tensions as well as a track day. We put 105,000 on that Civic in one year. But it was mostly very pleasant driving. What more can you ask of a car?
I agree with that approach if you're in an area where the weather itself is cruel and unusual punishment for an exotic, or if your driving regularly includes destinations where exotics are like waving a red flag at vandals.
I did acquire a client who wanted daily attention at his offices nearly a hundred miles away. So we bought a Honda Civic in the sporty variant and I chose the Angeles Crest highway to get to the client. Only 75 miles distant that way, and getting there and back relieved the tensions as well as a track day. We put 105,000 on that Civic in one year. But it was mostly very pleasant driving. What more can you ask of a car?
BUT --I am not driving 30+K miles a year . If I was the Honda would be the choice .





