I’m SO tempted to buy a Porsche right now…

by J. Money - Published August 11, 2009

Seriously, would it really be that bad? I know it sounds crazy, but I really REALLY feel the need to drive a sex mobile right now (or anytime for that matter). Perhaps someone out there would like a fancy budget blog? Say, for around $100k? Anybody? Bueller? ;)

A friend introduced me to this car club forum here in the DC area, and one of its members is about to give up his heavily mod’d Porsche! Apparently he needs the money for a down payment on a house or something…pshhh. If that doesn’t show how expensive this thing is, he’s also put in a good $10-$20k at LEAST in newer parts and upgrades! Wha wha wooooooooey!

Now, I’m no expert in cars (nor am I really IN the market for a new car) but I thought I’d write up a list of the pros and cons just to make me feel better…

Reasons to splurge and buy the Porsche:

  • It’s a Porsche!
  • I could drive fast(er).
  • I’d feel about 100x sexier.
  • I could become a member of this DC car club.
  • I could pretend I’m a rock star!

Reasons so just say NO:

  • I would get more speeding tickets.
  • People would try to race me and I’d look like an old fogie turning them down.
  • I’m pretty sure it would cost way more to maintain than my ’93 Caddy.
  • I don’t *need* a new car.
  • I don’t need a new car payment!
  • It would cost as much as a down payment on a house.

If you haven’t guessed it already, it looks like I’ll have to pass and keep the good ol’ dream alive. As much as I WANT this freakin’ thing, my excitement level just doesn’t override the financial implications at this point….probably because I’m getting too practical in my old age :( So as long as I don’t go on any test drives in the near future, my wallet (and my marriage) is likely to be safe. BOOOOOO…


Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!

If you’ve been making payment after payment (on time) and still haven't been able to get your debt under control, snatching up a good balance transfer credit card offer may be the ticket to try. That’s where in order to gain your business - credit card companies will let you transfer your existing debt to a new card and let you pay ZERO PERCENT interest on it. Saving you tons every month!

What's the catch? Usually balance transfer cards charge a fee (around 3% of your debt balance) to let you transfer your balance to their 0% interest offer. But we've found a great credit card that will let you do a balance transfer absolutely free. Click here to learn more and see if you qualify!

PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.

Jay loves talking about money, experimenting, blasting hip-hop, and hanging out with his two beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!

{ 2 comments… read them below or add one }

1 Chase G. December 13, 2010 at 7:59 am

Hey, you do know there are cheaper porsches out there right that look just as sexy. Maybe not be modded like that one, but hey its a porsche lol. Anyways you could find a 911 for any where between 30000, and 100000 a cayman s for 20k-65k. Just saying shop around you might find one that fits the bill perfectly.


2 J. Money December 14, 2010 at 3:56 pm

oh yeah, for sure :) i just get in these phases when some super supped up ride grabs me and wants my money!! haha… had a lot of great comments here too on this stuff but were wiped away during my wordpress conversion… thx for the reminder!


Leave a Comment

Previous post:

Next post: