It does all sound fantastic, I agree.

 

Gotta agree with yves on this one (especially points 1, 2, and 5).

 

I know way too many guys who wish "invested" 100k into the stock market a few years back that wish they just sacked up and bought their dream car instead, especially when 100k became 50k.

 

Whoever said "truth is stranger than fiction" never read Internet forums.

 

"you should sell your child right now - ... you'd get the best price"

(equivalent to someone asking me to sell my 911)

.......please also note i have no children (yet) -

 

Although it sounds odd it's not impossible . In fact Miami is filled with this scenario .

1) They live at home with their parents and even with the grandparents .
(no rent , no mortgage , nada ).

2) The price of used cars is so astromicaly inflated that even trade in values are high ... not just with Porsche .. but a lot of cars.

3) It sounds like he faced sudden hurdle . Perhaps he lost is parents and can't afford the property tax in NJ on the house .

4) downsizing is not uncommon .. especially with cars .

5) Nobody knows what the stock market will do . It's speculative investing . One can short if he's that convinced there's downside .

6) designer furniture is nothing in contrast to what the Miami live at home 30 year old spends his money on . For the most part they lease a nice car (parents co sign) , go to the clubs and party, save nothing , boast about the things they have on credit , and could case less . They watched their parents struggle in the workplace placing their job as a priority only to face pay cuts and unemployment . They want better and have no interest in assinmilating into corporate life because they are self absorbed . At least this guy can save his money and is selective with his item purchases . even if he loses it in the stock market .. at least it didn't go to a bar tab on a high end club . At least he can start over .

And i think he will be back .. to porsche .. in time.

 

Fellas,

To those of you who have wished me luck I want to say a sincere "thank you". I started this thread to pass along my experience, and possibly save others some money, not to be interrogated. For you detractors these points should clear things up - not that of this is ANY your business.

1. I'm 45, un-married, no children and live a fairly thrifty lifestyle.

2. I don't go out to eat outside of Chinese takeout and fast food. I'm not addicted to Starbucks or any other brand of coffee for that matter. I also don't smoke or drink both of which are also expensive habits.

3. I don't go on vacation - other than day trips. My last "fly away" vacation was back in 1996.

4. The $25K is NOT a typo. I work as a salesman in the hobby industry which has been dying in the wake of video games and other tech toys. I may not even make $25K this year. When is the last time any of you have been to a hobby shop? Exactly. They hardly exist any longer. The few that are left are hanging on by a thread. The Chinese who now manufacturer pretty much everything in the hobby industry have virtually destroyed it with their policies. That being said, a good part of the blame must also go to the greedy manufacturers who were so willing to hand over everything to the Chinese so they could shutter their US factories fire all their employees and outsource production to make higher profits. This is the typical "Walmart scenario" only with Walmart is seems to be working. For the manufacturers in the hobby industry, most of whom aren't very business savvy, it is backfiring in their faces and unfortunately, guys like me are getting caught in the middle.

5. My parents have been dead for many years now. I have been working since I was 14 and I moved out of their house when I was 18 thank you! How many of you detractors can say that? I didn't think so.

6. I paid for my new home in cash from the sale of my former home in Northern New Jersey plus savings and some inheritance. I am a VERY good saver. Houses in Northern Delaware cost about HALF of what they do in Northern New Jersey and the property tax is approximately 1/4. My new home is quite a bit larger than my former home and the neighborhood is even nicer but I was able to cut my expenses dramatically by leaving New Jersey. It is amazing how the cost of living varies within only a 3 hour drive. As my work is primarily online I can live pretty much anywhere there is a broadband connection and phone line available so it didn't make any sense from a financial standpoint for me to stay in Northern New Jersey any longer. It also didn't make any sense to keep my 911 since I stopped driving it.

7. In regards to investing I have an excellent broker who has guided me well. He had me completely OUT of the market before the crash and BACK IN that following March - perfectly timed! I use the market to supplement my paltry income and for the last 10 years I have done quite well. That doesn't mean the next 10 will be just as good but that's the name of this game as those of us who choose to play it know all too well.

8. Finally, the numbers I posted above for the purchase and sale of my 2010 C2 are absolutely correct. I would have no reason to be anything less than 100% honest about that. Someone assumed that I sold my car to Porsche of Delaware. You know that old saying when you ***-U-ME something right? Hopefully, you went to more than one dealership to buy your Porsche just as I did. Well let me suggest that you don't go to just one dealership to sell your Porsche because the prices that were offered to me varied as much as 5K! Contact at least 6 dealerships and don't take the first offer. I may not be what most people would consider rich but I'm not stupid and I'm very good at the sales game. As I said, the whole purpose of me starting this thread was to share my experience with those who might be thinking about selling their car. Again, NOW is the time!

Once again thank you to all who have wished me well.

Mike

 

I'm def not, but it was deep, gl with everything, and hope you come back...

 

you're right about the Hobby stores. There aren't any decent ones left in NJ! I used to work in a few shops down by the jersey shore! (sadly most are gone)

Anyway, enjoy the mazda experience! I will be racing spec miata next season and you are right about those Miatas!

 

Interesting read, almost too good to be true. I guess it's possible.

I doubt if the 997 will be obsolete, as one has mentioned as the 996 had 'designer flaws' there are still plenty of 'I got mine (new to me) Porsche' threads there in the 996 section. Will the value drop, probably but I didn't buy a car for an investment, I brought it for my enjoyment. Modded cars is a personality, I mod mine as a hobby and it puts a huge smile on my face.

 

auto Union --

I do wish you the best. My post was not about you but merely pointing out that 25K income is not an impossibility and there are a variety of circumstances where a person could buy the car .

I think it's great that you were able to do it . In fact .. it's kinda sad to see that you sold it knowing that you placed a lot of effort into ordering it exactly the way you wanted . It was brief ownership.

Good luck .. stick around .. if not for owning a Porsche then at least to post on the forum as you shared many insightful ideas .

 

+1. Best of luck with your future endeavors and vehicles.

 

I mentioned Porsche of delaware had a base car on the lot for 64K. I never said you were selling to them. Read the post again.

I dont want to sell but thanks for the advice.

 

I think Auto_Union just reminded us all that if you don't have anything nice to say don't say anything.

Good luck Auto_Union.

 

Hey good lock to you... Hope one day we will see you back with Porsche...