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      11-12-2011, 03:11 PM   #23
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Guess I made your day then.
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      11-12-2011, 03:17 PM   #24
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Well, if you make $250k, you are "rich" according to Obama. And let's keep it in perspective.....you are. You earn more than 95% of the US population.

If you earn $350,000 per year you earn more than 99% of the U.S. households and if you break the $1M per year mark, you are better than 99.7% of the U.S. households. That top 0.3% = 400,000 households which are concentrated in the Northeast corridor and California, with only spotty deposits in other locations.

This is why if you live in one of these locations, which many M3 owners do, you may not feel rich even though you actually are. Honestly, if you can comfortably afford a new M3, you are rich.
This is so true. You have no idea how much of a douche you really are if you can afford an M3 and don't think you are very well off. Basically living in a bubble.
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      11-12-2011, 03:22 PM   #25
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Usually when I go to buy a car, I know:
The price I'm paying.
The interest rate.
How much I plan to put down.
My payments down to a couple of dollars.
My financial situation so I would know if I can afford it.

No need to waste other people's time, or embarrass myself.
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      11-12-2011, 03:30 PM   #26
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Originally Posted by 48Laws View Post
Story appears authentic to me. I imagine the Turbo S is largely purchased with cash anyway. The only odd thing is that the SA didn't attempt to put you in a new standard 911, Boxer, or pre-owned.
Outgoing 997 for one.
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      11-12-2011, 03:38 PM   #27
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$250k a yr is a lot, considering 60K is the US average household income. And that's not including his spouse income and other investments. 50% down and 50% finance is doable, unless you dug yourself in a financial hole
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      11-12-2011, 03:58 PM   #28
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$250k a yr is a lot, considering 60K is the US average household income. And that's not including his spouse income and other investments. 50% down and 50% finance is doable, unless you dug yourself in a financial hole

+1 million!

I am getting tired of all these threads popping up where people are saying "70k at 22 years old is not a lot", "250k a year at 34 is not a lot", "100k a year aint shit". What the hell is wrong with you guys! You guys who are posting comments like that just sound like arrogant ass holes who are way out of touch of reality! You guys must have been born with a golden spoon in your mouth because you make 100k sound like poverty. Yes with 100k you probably dont have a vacation home in Hawaii and you cant afford to pay cash for everything but still, 100k a year can provide a very good life; it just depends on your life style and location that you choose to live.
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      11-12-2011, 04:00 PM   #29
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Originally Posted by gthal View Post
Although $250,000 sounds like a lot of income to many, it depends on lifestyle. Couple of kids, $750,000 house, line of credit... all of a sudden not much of the $250,000 left. Now, if you are single with little debt then I say find another Porsche dealer who wants to sell a car!
This ^^^ 100% (The SA must have had his reasons just thinking for saying what he did say or he is just not cut out for being a SA and should seek other activity/trade)
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      11-12-2011, 04:07 PM   #30
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      11-12-2011, 04:13 PM   #31
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Quote:
Originally Posted by thai357sig View Post
Usually when I go to buy a car, I know:
The price I'm paying.
The interest rate.
How much I plan to put down.
My payments down to a couple of dollars.
My financial situation so I would know if I can afford it.

No need to waste other people's time, or embarrass myself.
+1
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      11-12-2011, 04:52 PM   #32
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I think these are all valid points of view. Everything in life, like perspective, is relative.

So here's my 2 cents - It's not how much you make, its how much you keep.

I do save, but I really like to enjoy my life and buy stuff. I keep it all within proper limits though. I know this cat at work who makes less than 50K/year and drove around in a 7 series and a loaded Range Rover - ??? He soon lost all the cars. Some people are just plain stupid with their money habits.

But hey. All relative right?
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      11-12-2011, 04:55 PM   #33
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Quote:
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I guess it depends what your other financial obligations are. If you make that type of money and have no kids, or don't own much real estate, then go for it.

Still, a turbo S is a near exotic. Keep in mind that most people who can afford one can afford to pay cash and not even blink. Also, anyone looking to spend over $100k on a car and who needs to finance it, probably shouldn't be spending that much on a car.
finanace means cant afford the car? If he spends the $170,000 in stocks he can make it a double or triple rather then paying a car that depreciates every year
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      11-12-2011, 05:43 PM   #34
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Oh boy... What a mess... Relax my fellow M3 brothers lol..

I just didn't have enough equity on the car and have other obligations..

What a mistake this was, it was supposed to be an entertaining post.

Lol If I knew I was going to get people offended I wouldn't have posted it..

Cheers
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      11-12-2011, 05:58 PM   #35
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I'm 34 and about $250,000
OP, if you don't mind me asking, what do you do for a living?
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      11-12-2011, 06:19 PM   #36
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OP, if you don't mind me asking, what do you do for a living?
I'm hoping he is a gigolo because that would be a really awesome profession! If not, an accountant. The best of either extreme
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      11-12-2011, 06:19 PM   #37
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Originally Posted by E92_SID View Post

+1 million!

I am getting tired of all these threads popping up where people are saying "70k at 22 years old is not a lot", "250k a year at 34 is not a lot", "100k a year aint shit". What the hell is wrong with you guys! You guys who are posting comments like that just sound like arrogant ass holes who are way out of touch of reality! You guys must have been born with a golden spoon in your mouth because you make 100k sound like poverty. Yes with 100k you probably dont have a vacation home in Hawaii and you cant afford to pay cash for everything but still, 100k a year can provide a very good life; it just depends on your life style and location that you choose to live.
Try talking to a doctor who just finished residency and making 250K a year, but he also borrowed 200K for college (50x4), 320K (80x4) for medical school, and then have a 2 year old at home, plus a 150K mortgage. Do you think that 250K can go very far? You don't have to live a very luxurious life style to feel the pinch.

Compare this to an investment banker who had finished college and is making 150K a year with no obligations and still living with your parents. That's an entire different story.

It's very difficult to make a blanket statement like you just did and say that people are being jack ass for saying that making certain amount is not a lot. It's all about the context.
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      11-12-2011, 06:25 PM   #38
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Originally Posted by Voltigeur View Post
Outgoing 997 for one.
You realize that the Turbo S is also in the "out-going" 997 body style as well, right? The 991 Turbo is not due for another 2-3 years and Turbo S for another good 4-5 years until 991.2 comes out.
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      11-12-2011, 06:40 PM   #39
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Try talking to a doctor who just finished residency and making 250K a year, but he also borrowed 200K for college (50x4), 320K (80x4) for medical school, and then have a 2 year old at home, plus a 150K mortgage. Do you think that 250K can go very far? You don't have to live a very luxurious life style to feel the pinch.

Compare this to an investment banker who had finished college and is making 150K a year with no obligations and still living with your parents. That's an entire different story.

It's very difficult to make a blanket statement like you just did and say that people are being jack ass for saying that making certain amount is not a lot. It's all about the context.
I see what you are saying but the argument that you are proving is that no matter what your income, if you have a lot of bills then you can still be broke. That does not negate the fact that 250k a year is VERY VERY good income! It doesnt matter if you make 10 million a year, if you have 12 million dollars of debt then by your logic, 10 million a year "doesnt go that far".

I see that you are a Resident Anesthesiologist so I am assuming that the person in your example is you. With all those bills (especially the school loans) I can see why you may not feel like 250k is not a lot; but it is. You just have a lot of bills. Check out my situation...

I am 27, Computer Security Engineer, I make around 100k a year. I am a single parent of a 7 year old. I have a 200k mortgage. I am finishing up my Masters degree (no school loan debt thanks to the MGIB). I max out my 401k employer contributions. I also max out my employee stock purchasing options. Other then my house, my only debt is 6k for my motorcycle, 55k for my car, and maybe up to 5k in revolving credit debt at any given time. After all my bills are paid, I usually have about 800 in disposable income per paycheck. I feel like my 100k is a lot more then most people make and provides me a very good life style that I am very appreciative of.
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      11-12-2011, 06:55 PM   #40
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Quote:
Originally Posted by M3MamBo View Post
Oh boy... What a mess... Relax my fellow M3 brothers lol..

I just didn't have enough equity on the car and have other obligations..

What a mistake this was, it was supposed to be an entertaining post.

Lol If I knew I was going to get people offended I wouldn't have posted it..

Cheers
No prob OP. I appreciate your comments.

I think that was a good salesman. I will hit $250k this year and been earning over $150k the last two years in a bad economy and still did not think I was ready for an ///M3 until I had saved up enough cash to pay in full.

Make it a goal and like the saleman said save your cash and in 4 yrs add the Porsche and still keep the ///M.

Than you can have two of your favorite cars. I am thinking that maybe in two or three years I can add the M5 to my car collection and still keep my ///M.
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      11-12-2011, 06:57 PM   #41
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OP, just from experience especially here on long island and manhattan 99.9% of P-car salesman are stuck up arrogant assholes that treat you like they own a turbo s meanwhile they are driving the 10 year old boxster in the lot that they got on a great deal because they work there. Just my .02 from dealing with them from manhattan to roslyn.
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      11-12-2011, 07:09 PM   #42
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finanace means cant afford the car? If he spends the $170,000 in stocks he can make it a double or triple rather then paying a car that depreciates every year
Look carefully at my post. I specifically highlighted the words "needs to". You can certainly choose to finance if you are getting better returns on investments, and this is a very logical and sensible thing to do. I was referring to someone who needed to finance in order to be able to afford the car payments.
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      11-12-2011, 07:57 PM   #43
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Originally Posted by VVG View Post
Most people who buy a turbo S, haven't really been affected by the economy. So they lost $2M of their $8M portfolio. The sales guy is proabaly just waiting for the cash sale which is sure to come soon.
I think you hit the nail on the head, the SA had a previous offer from a guy that he knows will put the cash on the table (not even a certified cheque since he knows him that well, most likely a repeat customer).

So should he sit down with the OP and work out a trade in and balance cash or finance deal ... he may only have one in the showroom and perhaps another allocated to his dealership next spring.

Deaccession for the SA is very simple ... wait for the fellow with the cash for he needs his cut before Christmas ...

Now if the OP has the financial means he should have gone to another dealership get the car of his dreams then drive back to the first dealer ship park his brand new porsche in front ... go in and smile at the SA and say ...

"You work on commission don't you? well bad mistake ... bad mistake"

Then work out and drive away (Thinking of the movie Pretty woman of course).

This tread has given me an idea ... if ever I get a Porsche I'll get dressed in the most disgusting stuff I can find at home then borrow some old clunker or rent a wreck and drive up to a Porsche dealership. See if the SA can stand the test of time with all my questions. If he gives me the cold shoulder well I'll do exactly what I described above that should be a riot and teach him ... for things are never what they seam
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      11-12-2011, 08:00 PM   #44
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Originally Posted by E92_SID View Post
I see what you are saying but the argument that you are proving is that no matter what your income, if you have a lot of bills then you can still be broke. That does not negate the fact that 250k a year is VERY VERY good income! It doesnt matter if you make 10 million a year, if you have 12 million dollars of debt then by your logic, 10 million a year "doesnt go that far".

I see that you are a Resident Anesthesiologist so I am assuming that the person in your example is you. With all those bills (especially the school loans) I can see why you may not feel like 250k is not a lot; but it is. You just have a lot of bills. Check out my situation...

I am 27, Computer Security Engineer, I make around 100k a year. I am a single parent of a 7 year old. I have a 200k mortgage. I am finishing up my Masters degree (no school loan debt thanks to the MGIB). I max out my 401k employer contributions. I also max out my employee stock purchasing options. Other then my house, my only debt is 6k for my motorcycle, 55k for my car, and maybe up to 5k in revolving credit debt at any given time. After all my bills are paid, I usually have about 800 in disposable income per paycheck. I feel like my 100k is a lot more then most people make and provides me a very good life style that I am very appreciative of.
Me? Don't even worry about me. I make minimum wage at this point for working 60+ hours a week. I don't owe any money though (say full scholarship) and have a matching trust though, so I'm ok so far.

I'm just saying that before you start saying other people are very well off for making x amount of money, try and see from their end what kind of obligation they have. It's easy to say that they are not content for what they have, they overstretch their budget, etc etc. However, you have to realize how much time and money they have spent to get to that point. A doctor making 250K vs an investment banker making 250K is 2 completely different animals. You can argue that the doctor didn't have to be a doctor or could have gone to a public institution. However, the reality is, if it weren't for these doctors, who will be there to take care of you when you need it? This is usually not discussed outside of the medical world. People think doctors are greedy and they want more and more money, but the same time, the cost for medical education is going up and up every year. A lot of my peers will not be able to pay off their debt until they are 40. Compare to those in Wall Street making millions, I don't know if you could call them the same. That's why the smartest kids these days don't go into medicine and children of physicians and surgeons are discouraged by their parents to go into medicine.

JUST SAYIN', feel free to continue to disagree.
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