Hey guys,

From your personal experience, lets say you finance a car that you've wanted for a long time. Has there ever been a point in your ownership where the novelty of having the car is worth less than your monthly payment?

I'm about to pull the trigger on one that I've wanted forever, and I would hate to, 6 months in, regret getting it

Please share your experiences.

 

It depends

 

Haha "it depends" is a surprisingly accurate answer.

It really does depend on a lot of factors. How much is the monthly payment? It's easier for the novelty of a new car to outweigh a car payment of a few hundred a month but if your payment is a few thousand it can quickly outweigh the novelty. Also depends on if you get bored of things -mainly cars, quickly.

I recently had the same thoughts as you. I decided to make the purchase last week.

The main thing I decided was that if I am spending that money on a car I want to get the exact specs that I want. In other words I knew that I wanted black on black and if I would have settled for another color, etc. then in 6 months from now I might not be happy with it anymore because it wasn't exactly what I wanted.

So my advice is that if you do get the car, try your best to not compromise on the specs. It will probably allow your happiness with the car to last longer :-)

 

I suspect that almost anyone that has owned multiple vehicles will tell you at some point the interest in a particular car can go stale. Whatever it was that made the purchase a "have-to-have" can lose its appeal, especially if the total package does not live up to expectations. And I am guilty of falling in lust with many a shiny new car and yet grow tired of it before 2/3 of the payments were made.


Until you stumble across that "bucket list" car you've always wanted but was never in a position to acquire. You know every stat and have read every comparison test starring your dream machine. You've watched it change over time but was happy that the factory never lost sight of what you wanted. Then comes that point in time when the stars and planets align and your perfect machine and the correct time to buy collide, and you know that this one is a keeper.


Read this post:


https://www.6speedonline.com/forums/...all-began.html

 

That's the kicker for me. The car I'm looking at couldn't match my wants any more perfectly.

The more I think about it, my dad had a quite awful 996 cab, and I still loved that thing until the day it was sold.

Great post, thank you so much.

Edit: Holy crap, that thread you linked me too is pretty emotionally heavy. I don't think any other car manufacturer sparks as much emotion as Porsche.

 

question, why do you regret it?

most of the time amongst my friends; their major regret re a new car is the amount of depreciation that they lose on the car... of course non of them for some reason believe upon buying that the car loses as much value as it does... until they need to sell of course.

 

Never had a regret with a 911.

 

This is phenomenal advice. Thank you! I keep wanting to compromise just to get a car sooner (search has been going on since march) but you're 100% right. If it wait for the car with the right color and specs I'll end up loving it long after the loan payment is done.

Patience is hard when you've never owned a Porsche before and just want to get started....

 

Novelty or lack of it was never a reason for me to sell a car. I am too cheap and way to analytical when I buy one.

I save my money.

Peace
Bruce in Philly

 

I never had a regret with a 911 either. If this is your passion, you will not regret it.

 

I can honestly say that my 911 is the first car that I didnt want to trade in at some point. Like all of us on here I lust for newer cars (in my case, especially for Ferraris). Having said that, I would not trade in my current car for a new one, rather I would just keep adding to the collection until I run out of space and/or money (most likely the latter).

 

My only would regret is financing a car. Not sure how old you are or what your financial situation is but I found when I was younger and had car payments I was incline to regret the purchase because the payment seemed to go on longer then you anticipate. As I got older and finically able to purchase any car (within reason i.e. Ferrari, multiple Porsches) for cash did I never have the feeling of regret. For me I have to feel I can afford the car. Just because you buy any car does not necessarily mean you can afford the car. So from that POV ask yourself, can I afford it? Am I financing the car because I simply want to or have to? If you have to you can't afford it and you will most likely regret it sooner than later.

 

After having really long talks with close family friends and my dad, im gonna hold off. Even though I could afford it and it wouldn't really be an issue, I guess there are better uses for the money right now.

some day though....

 

I only regret the Carrera when I see the monthly bill. Luckily for me my wife tends to hide it.

I did regret getting a last generation Z06. Way to powerful for the public roads. Made the car boring. Where are you gonna go...?

 

That's why I waited until the later years! I paid cash for my 911 so the payments would never get into the way of my passion...