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I personally don't think they're worth it. However, IF you can truly afford it, then I see no problem with them. My definition of "afford" is: 1. Can pay cash. 2. Has ample retirement savings and is on track to meet retirement savings goals. 3. Will still have at least 6 months worth of cash for emergencies. 4. Can handle the additional insurance and other expenses.
In short, the majority of people buying these cars can't really afford them based on my definition.
Depends. I've said before, even if I had the cash to pay off my Jeep, I wouldn't have. I would never tie that much cash up into any asset other than a house, especially if I can borrow the money at a low interest rate when I'm getting a bigger return having the cash on hand. I have a 2.4 interest rate, debating whether its worth it to refinance into 1.9.
Luxury cars are a waste of money...I am planning to go in for the 2013 Nissan Altima for my next car, the V6 version. It comes with all the gizmos and luxuries found on high end cars and is $30k. For that price you even get the 10GB music jukebox that is on the Infiniti G37 which costs $20k more!!! You pay $10k or $20k extra for BMW and Lexus just for the name and perhaps 20-30hp more that makes no difference in your day to day use... no thanks! I just checked out the Nissan Maxima this weekend, and it was just as luxurious as any BMW or Porsche, I frankly could not find any difference in terms of comfort...this "difference" is all in the mind. In terms of performance the Maxima is like 1-2 seconds slower than a Porsche, seriously, is this a problem with day to day use? Think about it. Are you seriously going to pay tens of thousands in purchase price and cost of ownership for this marginal difference?
Luxury cars are a waste of money...I am planning to go in for the 2013 Nissan Altima for my next car, the V6 version. It comes with all the gizmos and luxuries found on high end cars and is $30k. For that price you even get the 10GB music jukebox that is on the Infiniti G37 which costs $20k more!!! You pay $10k or $20k extra for BMW and Lexus just for the name and perhaps 20-30hp more that makes no difference in your day to day use... no thanks! I just checked out the Nissan Maxima this weekend, and it was just as luxurious as any BMW or Porsche, I frankly could not find any difference in terms of comfort...this "difference" is all in the mind. In terms of performance the Maxima is like 1-2 seconds slower than a Porsche, seriously, is this a problem with day to day use? Think about it. Are you seriously going to pay tens of thousands in purchase price and cost of ownership for this marginal difference?
A Maxima isn't a performance car! You're comparing 0-60 times of two COMPLETELY different vehicles, don't be ignorant!
Drive a Porsche 911 and then drive a Nissan Maxima and let me know if you still think they're the same.
And a G37 is right around $40K and you DO get more/better features for that money including a higher quality of materials.
And a BMW 3 Series starts off at around $30K already fairly loaded unlike an Altima.
Drive a Porsche 911 and then drive a Nissan Maxima and let me know if you still think they're the same.
it will not make a difference when you are stuck in 10mph traffic commuting to work which is the majority of driving most people will do. Infact I bet the Maxima will be way more comfortable than the 911.
If you want performance or All wheel drive there are so many other choices which offer comfort and performance without the huge price tag - Subaru makes some pretty good vehicles in the $25-30k price range. Don't have to buy a $90,000 Porsche for that unless all you want to do is show off your wealth and status.
I'm not saying a Porsche is not the superior vehicle performance wise, what I am saying is that 99% of the people who buy a Porsche will never drive it anywhere CLOSE to it's potential and it cannot even be driven that way on the street. So unless you are taking it to the racetrack every month what is the purpose of owning such a vehicle? All it becomes is a super expensive piece of eye candy.
Luxury cars are a waste of money...I am planning to go in for the 2013 Nissan Altima for my next car, the V6 version. It comes with all the gizmos and luxuries found on high end cars and is $30k. For that price you even get the 10GB music jukebox that is on the Infiniti G37 which costs $20k more!!! You pay $10k or $20k extra for BMW and Lexus just for the name and perhaps 20-30hp more that makes no difference in your day to day use... no thanks! I just checked out the Nissan Maxima this weekend, and it was just as luxurious as any BMW or Porsche, I frankly could not find any difference in terms of comfort...this "difference" is all in the mind. In terms of performance the Maxima is like 1-2 seconds slower than a Porsche, seriously, is this a problem with day to day use? Think about it. Are you seriously going to pay tens of thousands in purchase price and cost of ownership for this marginal difference?
Throwing out wildly inaccurate numbers to make your argument look better does nothing but make you look bad.
I also find it funny you talk about why would you get a Porsche when it is only 1-2 seconds faster. How much faster do you think the V6 is than the 4?
Luxury cars are a waste of money...I am planning to go in for the 2013 Nissan Altima for my next car, the V6 version. It comes with all the gizmos and luxuries found on high end cars and is $30k. For that price you even get the 10GB music jukebox that is on the Infiniti G37 which costs $20k more!!! You pay $10k or $20k extra for BMW and Lexus just for the name and perhaps 20-30hp more that makes no difference in your day to day use... no thanks! I just checked out the Nissan Maxima this weekend, and it was just as luxurious as any BMW or Porsche, I frankly could not find any difference in terms of comfort...this "difference" is all in the mind. In terms of performance the Maxima is like 1-2 seconds slower than a Porsche, seriously, is this a problem with day to day use? Think about it. Are you seriously going to pay tens of thousands in purchase price and cost of ownership for this marginal difference?
I have a Nissan Altima... and I can say that you are surely wrong. You get what you pay for. The Altima is nothing in comfort and amenities compared to, say, a benz (which I also have).
it will not make a difference when you are stuck in 10mph traffic commuting to work which is the majority of driving most people will do. Infact I bet the Maxima will be way more comfortable than the 911.
If you want performance or All wheel drive there are so many other choices which offer comfort and performance without the huge price tag - Subaru makes some pretty good vehicles in the $25-30k price range. Don't have to buy a $90,000 Porsche for that unless all you want to do is show off your wealth and status.
I'm not saying a Porsche is not the superior vehicle performance wise, what I am saying is that 99% of the people who buy a Porsche will never drive it anywhere CLOSE to it's potential and it cannot even be driven that way on the street. So unless you are taking it to the racetrack every month what is the purpose of owning such a vehicle? All it becomes is a super expensive piece of eye candy.
The 911 has been in production for over 40 years now.....for good reason, it is an excellent car. A Maxima is nice transportation, many have been put into rental fleets. Take a look at resale values, some 1989 911's are now pulling their original MSRP as a 22 year old car.....not seeing that happen for any Maxima. I will say the new 911 (called the 991) is gotten very pricey (a Carrera S model I saw was 122K).
I don't like Japanese/Korean cars, never owned one but have driven many and they simply don't have any personality, good cars but boring to drive. I wouldn't buy one but there certainly isn't anything wrong with them. I did buy a 911 once, right off the showroom floor and it was a cool car....I will certainly own another.
it will not make a difference when you are stuck in 10mph traffic commuting to work which is the majority of driving most people will do. Infact I bet the Maxima will be way more comfortable than the 911.
If you want performance or All wheel drive there are so many other choices which offer comfort and performance without the huge price tag - Subaru makes some pretty good vehicles in the $25-30k price range. Don't have to buy a $90,000 Porsche for that unless all you want to do is show off your wealth and status.
I'm not saying a Porsche is not the superior vehicle performance wise, what I am saying is that 99% of the people who buy a Porsche will never drive it anywhere CLOSE to it's potential and it cannot even be driven that way on the street. So unless you are taking it to the racetrack every month what is the purpose of owning such a vehicle? All it becomes is a super expensive piece of eye candy.
A Subaru and a Porsche don't even COMPETE IN THE SAME LEAGUE!! Why are you offering such completely and utterly IGNORANT suggestions?!
"Well excuse me sir but I see you're eyeing that 911 GT3 but I'd like to direct your attention over here to this LOVELY Subaru Impreza which I think you'd find a great change from the timeless design, style, technology, performance, handling ability, and cost of the 911"
And USUALLY the Porsche owners I know don't have a Porsche for their ONLY vehicle. They usually have a vehicle such as an S550 or BMW to commute in while saving their Porsche for weekend fun.
The Maxima is a nice vehicle but it's not a performance or luxury vehicle in the least.
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