Traded my M4 yesterday for 2015 Porsche GT3 - lesson learned from it

[socalgasking]

Originally Posted by renz

and I forgot to mention I have to buy another daily driver car ( 2015 Honda Civic) today after buying the GT3 yesterday. That's another lesson learned that my M4 need to be replaced by two cars .. one Daily driver car and a real sports car to get what I used to have in one car. Not to mention I have $200,000 car loan for the 2 replacement car. Mennn I hope this GT3 will live to be as what they are talking about on you tube !!!

200k Car loan is crazy man. Youre either sick rich or crazy or like most rich people i know, BOTH!!!

Congrats on the new car!! PICS?!?!?!?!?

[Kankles]

I traded my F80 in today for a pile of rocking horse poo...looks like nutella...smells like thrice digested Indian food

[Never Convicted]

Sorry, this just doesn't line up. Take a $17k hit, pay $25k over sticker, have a $200k car loan, and you and your wife are RN's? This sounds like an email I recently received from a Nigerian prince.

[mbiondo]

Originally Posted by Never Convicted

Sorry, this just doesn't line up. Take a $17k hit, pay $25k over sticker, have a $200k car loan, and you and your wife are RN's? This sounds like an email I recently received from a Nigerian prince.

Wait, the Nigerian Prince sent you an email too? Crap. I'm in deep doo-doo!

[CSanto]

997.2 GT3 might have been more fun/engaging. I'm reading a lot of 997 GT3 owners are finding the 991 to be too tame.

[PunjabiM3]

Originally Posted by Never Convicted

Sorry, this just doesn't line up. Take a $17k hit, pay $25k over sticker, have a $200k car loan, and you and your wife are RN's? This sounds like an email I recently received from a Nigerian prince.

Yeah definitely sounds whack. No offense intended to OP, but IMHO if you and your spouse are RN's you shouldn't have a $200k car loan given the average RN salary is around $55k/yr. Plus how can one manage that with the high cost of living in the Bay Area? Doesn't add up.

[shortseller]

$17,000 hit + $25000 over list, a $42,000 hair cut. I know you don't need me to do the math but I had to see it in print. WOW!

In time, we all have short memories, you will forget and get use to the gt3 is my guess.

Interesting news thought that the M3s are holding better resale. One factor I did consider when choosing the 3 or the 4, based on BMWs anticipated production estimates, thus more exclusive ergo more desirable.

There's a yellow gt3 somewhere around my area, saw it last time I was at my Wegmans supermarket, it looked great, so enjoy it!

[JOHNBMWM5]

Originally Posted by shortseller

$17,000 hit + $25000 over list, a $42,000 hair cut. I know you don't need me to do the math but I had to see it in print. WOW!

In time, we all have short memories, you will forget and get use to the gt3 is my guess.

FORGET, he will be bank rupt before he pays it all off

[tdizzle]

Originally Posted by PunjabiM3

Yeah definitely sounds whack. No offense intended to OP, but IMHO if you and your spouse are RN's you shouldn't have a $200k car loan given the average RN salary is around $55k/yr. Plus how can one manage that with the high cost of living in the Bay Area? Doesn't add up.

Not the point of the thread but...

Just some house cleaning: "The average salary of a registered nurse working in San Francisco is $127,670. "

Everything is $$$ in San Fran. Country wide the average is in the $60s (as of 2013 from what I read). Near 6 figures is achievable in most places if you've been at it awhile.

I'm sure there are plenty of people in M3/4s that have incomes of <$100k too..

[dmk08]

Originally Posted by tdizzle

Not the point of the thread but...

Just some house cleaning: "The average salary of a registered nurse working in San Francisco is $127,670. "

Everything is $$$ in San Fran. Country wide the average is in the $60s (as of 2013 from what I read). Near 6 figures is achievable in most places if you've been at it awhile.

I'm sure there are plenty of people in M3/4s that have incomes of <$100k too..

And I will shake my head at all of them unless they are independently wealthy and have 0 salary.

[JoeFromPA]

Originally Posted by PunjabiM3

Yeah definitely sounds whack. No offense intended to OP, but IMHO if you and your spouse are RN's you shouldn't have a $200k car loan given the average RN salary is around $55k/yr. Plus how can one manage that with the high cost of living in the Bay Area? Doesn't add up.

Don't know what RNs you are used to working with, but plenty of RNs in major urban areas are well above $100k a piece - some specialty RNs are ~$150k.

Still crazy to be buying a brand new GT3 even on a $300k household salary unless there's substantial other income there.

Anyway: In my younger years, I'd read car reviews about how amazing earlier M3s were or Subaru WRXs or other vehicles and then I'd drive/buy them and not feel the love. They weren't fun to putter around in day to day, while retaining alot of sacrifices.

Then I realized that alot of those cars journalists LOVE on the track or backroad bombing actually are only really enjoyable in those environments. Hence I started searching for the "perfect" car. e39 m5 to start, but needed something lighter, more agile, with more power and modern reliability.

F80

[JOHNBMWM5]

Originally Posted by tdizzle

Not the point of the thread but...

Just some house cleaning: "The average salary of a registered nurse working in San Francisco is $127,670. "

Everything is $$$ in San Fran. Country wide the average is in the $60s (as of 2013 from what I read). Near 6 figures is achievable in most places if you've been at it awhile.

I'm sure there are plenty of people in M3/4s that have incomes of <$100k too..

No wonder the economy is in such a state, $127K, fecking crazy.

[nicknaz]

Congrats on the new car OP. As others have said, I think need to do a track day first before judging the car

If anything, your car has probably appreciated or held steady in price so it should be pretty easy to unwind the trade if you really wanted to

[BEMR]

Originally Posted by renz

that's the lesson I've learned ... just wanted to share. It was a wishful thinking I can make it as my DD. about the picture still can't figure how to post it. Can any body teach to post it please

Push reply, type anything word wise in the field, then bottom left corner shows paperclip, push that, then open photo gallery, push photo you want to post, then push submit. done!

Taught this to my preschooler with a learning disorder.

[Devilzmantis]

Weird.... I am wondering why the Porsche Dealers are stating the M3 has a higher resale value then the M4... Can someone bring in an M3 to get appraised at the P dealerships?! They might say, "Oh since you have the M3.. it's resale value is less than the M4" LOL!!

[48Laws]

2 RN's can clear $400k/year in any metro area. Just saying.

[DC-T]

GT3 is a severe track car. Congrats mate.

[PunjabiM3]

Originally Posted by tdizzle

Not the point of the thread but...

Just some house cleaning: "The average salary of a registered nurse working in San Francisco is $127,670. "

Everything is $$$ in San Fran. Country wide the average is in the $60s (as of 2013 from what I read). Near 6 figures is achievable in most places if you've been at it awhile.

I'm sure there are plenty of people in M3/4s that have incomes of <$100k too..

Yes not the point of the thread, I agree. My mother, whom is now retired, and my wife, currently a RN, have never made anywhere close to $127k. Wife has a BSN and has been a RN since 2008, and she makes around $70k here in Dallas. I'm sure as you stated in the Bay Area it is possible. But then I imagine a house that costs $500k here in Dallas is easily $3-4 million in SF. It's all relative I suppose. Anyhow every one carry on lol.

[PunjabiM3]

Originally Posted by 48Laws

2 RN's can clear $400k/year in any metro area. Just saying.

Ha ok sure. Great joke.

[Blksnowflake]

Originally Posted by PunjabiM3

Yes not the point of the thread, I agree. My mother, whom is now retired, and my wife, currently a RN, have never made anywhere close to $127k. Wife has a BSN and has been a RN since 2008, and she makes around $70k here in Dallas. I'm sure as you stated in the Bay Area it is possible. But then I imagine a house that costs $500k here in Dallas is easily $3-4 million in SF. It's all relative I suppose. Anyhow every one carry on lol.

My ex-wife is an RN and started at $89k out of nursing school working in the NICU at CHOA(Atlanta), a year later she was making $94k.
She then moved to NYC and started at $96k. My friends daughter in law just graduated nursing school and started work in College Station Texas, $80k annually.

How the hell your wife makes $70k a year is unbelievable to me. I'm in the health care profession and I've never met a BSN who works in her field make that low especially with experience. Either she works one to days a week or chooses to work for a lesser salary for what ever reason.

The thread is being derailed, but two nurses with no kids who manage their money well can easily afford the situation listed in this thread, although I don't think it's the wisest choice. But hey many people do weird things for their passion, no one here is entitled to judge but I guess you're entitled to an opinion.

[Myrder]

Nurses pay is dependent on the area's cost of living. Most nurses do alright in the pay department. Specialized nurses, CRNAs, are the ones that make really good money. Mostly in the upper 100's range easy, for area's with normal cost of living. In NYC an CRNA would make 250+.

[CSanto]

Originally Posted by JoeFromPA

Don't know what RNs you are used to working with, but plenty of RNs in major urban areas are well above $100k a piece - some specialty RNs are ~$150k.

Still crazy to be buying a brand new GT3 even on a $300k household salary unless there's substantial other income there.

Anyway: In my younger years, I'd read car reviews about how amazing earlier M3s were or Subaru WRXs or other vehicles and then I'd drive/buy them and not feel the love. They weren't fun to putter around in day to day, while retaining alot of sacrifices.

Then I realized that alot of those cars journalists LOVE on the track or backroad bombing actually are only really enjoyable in those environments. Hence I started searching for the "perfect" car. e39 m5 to start, but needed something lighter, more agile, with more power and modern reliability.

F80

Why do people think its so hard to buy an expensive car?
Theres so many factors I think it really depends on the rent/mortgage situation.

At 300k lets say you clear 200k after taxes, thats 16,600 per month.
5k rent/mortgage
5k spending
still leaves 6k for savings
I think 1k can go towards a car.
3k savings per month is healthy depending on your goals.

I guess if you're house rich, and cash poor you can afford a 8k mortgage, 5k spending per month. That leaves 3600. Depending on where you are and what you have already saved you can STILL afford a 1000 per month autoloan.