good decision i think. cars come and go but just struggling to survive sucks. vettes (contrary to the above) imo and your investments will probably lend to having a supercar before long. best regards

 

RE prices drop? Hell I wanna move to your area. Not here near NYC they dont.

edit: after further consideration I'll stay out of Canada if thats okay with you.

 

depends on how much you are selling the porsche for... the difference in the selling price of your porsche and the used vette will be the extra cash on hand... then ask yourself if it is really worth it to have the extra $$ on hand...if the difference is great enough, then i'd say your doin the right thing... if not... then just keep the porsche, find another way to raise the cash and minimize expenses in other ways... the ZO6 has a raw feel to it but will not have the refinement and sophistication of a porsche.

here's my take on the whole fire sale of porsches lately, some people stretched their budget too much in the beginning to be buying their cars.. but who can blame them.. they are either performance car addicts or they wanted to emulate a lifestyle limited to the financially "stable" or they just appreciate fine quality...maybe even a bit of everything... whatever the reason, they saw the depreciation and it woke them up in a sense and now they have to sell... IMO, if these same people practiced a little more restraint in purchasing their porshes in the beginning, they wouldn't have to be pressured to sell now.

Think about what i said in the first part of this response, and if you do decide to sell... be very careful not to blow the money on partying and such... My cuz blew through $100k in the last 10 months on partying alone... it will bite you in the *** when you have nothing to show for it!!

 

i agree with peter..

if the money saved is a large amount then sell the car but if it small.. in muy opinion i'd keep it.. i guess it's just what your priorities are. i have friends that hate to spend any money on theri cars or even food, but when it comes to partying they can spend 200.00 at night on themselves without even thinking and they do this evryweekend friday & saturday.. but when u ask them to go eat out or watch a movie, evrything i hear is that it's too expensive..

 

no problemo. I say this, cause lost it in the 1st gear, all he did was spin tires. Me, well, i was laughing at him.

 

Ed...How about a nice SS Truck Z06 sounds nice....

 

The way you were talkin about that thing yesterday....

FORGET IT!!!!

 

Good call, I dont think you'll regret it. The Z06 is such a fun car, and as long as you get an 02 or newer there are virtually no problems.

Having been pretty immersed in the used Z06 market (just sold our 02), I can tell you 39 is a little high for that 03. People are dying to get out of them so they can be ready for the C6 Z06. If you monitor z06vette.com or corvetteforum.com you can find some killer deals.

Just as a reference, our 2002 w/ 10,500 miles + $5k in mods went for $33,500...and it took several months to get that much. I wouldnt pay any more than $36.5 max for the 03 w/ 2k miles.

Good luck!

 

for what its worth, i sold corvettes exclusively for the good part fo the last 12 years of my life, and during that time i have owned vettes, nsx's, and porsches, you can find some sort of enjoyment in any high performance car, but not when you are stressing every month about the payment, its just my opinion that no matter how high or how low anyone's particular payment is, if you spend even a minute stressing over how much you're paying for it, you should reconsider the ownership of it, and if i may caution you, that number is WAY too high for any used Z06, without trying too hard, you should be able to find something in your choice of color and miles for the low 30's, mid 30's should put you in 2004 territory with short short miles, i realize you may be keying on the idea of cutting your payment, but thats not a reason to pay way too much for the vette!!! good luck in whatever you choose, but let the choice be yours...........

 

i have changed over 8 cars in the past 5 years. few time, i have done it because it made sense financially. the other, i just did it because i am a dumb ***.

but i have asked myself later if i really saved any money. for example. i sold my M3 to helped pay for the downpayment of my house. the positive thing is that the house appreciated over 200k in the past year. but on the other hand, i wasted more money on cars..... see, 5 months after i sold the M3, my finance got a little better. at the same time, i begin to hate my replacement G35 and finally i sold it and got the audi S4. well, i lost almost 10k selling the G35 so soon. i should've just borrowed the money from the bank.

the bottomline is once you are a car fan, you will always be. maturation or not, you will always love cars and want the best. so unless you are sure of your replacement, you will just miss the porsche and eventually spend more moeny to get it back. it is a lot cheaper taking a loan from a bank for capital, then trading in cars....

my 2 cents.

 

I'm a really bad example for this forum.

I got the Jones for a Porsche when I was 26, but didn't buy my first one until I was 43. I was building a business and put everything into that.

I'm 52 now, and I've got all the real estate, business equity, investments, etc. I need. I also have cars coming out of my ears because they're a fun hobby. I buy them for cash, and only if I won't miss the money in the bank.

If everybody did this I have the feeling the economy would tank.

 

This is exactly the same course I took but even so, one of the main traits of a successful business owner is being thrifty/ watching costs and looking for more ways for greater profits....This conservative side of me always makes me question the need.......I have quite a few "Bill Walton" type friends who some of you guys wouldnt think had 2 sticks to rub together because of the cars that they drove....to the airport to fly one of there private jets to there private island retreat......

 

I bought my 996 brand new when I was 23 and the lease was costing me $1300+ a month, which was a hefty chunk of my income, and that was after putting $7000+ down. I sold the car last summer for various reasons, but a big part of it was just that I wanted the money for other things. I could have afforded to keep it, but instead my wife and I bought a 5 BR house outside of Boston. We got it for a great price, and after putting $5K in work into it could probably get $100K more than what we paid.

If it's a choice between keeping the Porsche and buying real estate, I'd go with real estate all the way. I had 3.5 years driving an incredible car in my mid 20's, and while I miss it every day, if I play my cards right with real estate I can buy myself another one for cash in a couple of years and not have any payment at all hanging over my head. I'm going to be 28 this month and I think I can make it a couple of years until I buy another one.

 

Bro,

Your not capable of doing the "right" thing.....

 

Dude,

This is easy. Sell the MB and use the Porsche instead. That will considerably cut costs over owning 2 cars, and since they are both 2 door, 4 seat coupes, why have both? The Porsche can handle the daily driving.

That way, you'll still feel and look fly when driving and not have to worry about 2 insurance payments, 2 maintenance bills, 2 depreciations, 2 cars to clean, 2 cars to house, etc, etc...

I did that just recently. I owned a Viper and an Infiniti G35 Coupe along with a 300C and a Harley. My biker friends were dying on their bikes, so I sold that since it wasn't as much fun anymore, and I sold the Viper and the Infiniti and got a 911 in red.

The 911 is fly enough, especially in red (although not as fly as the Yellow Viper GTS was, but that's not a good thing to mention here), and it holds my family, has an automatic so the g/f can drive it, excellent A/C for Texas compared to the Viper and does the daily duty that the G35C did.

Much easier living with 2 vehicles instead of 4...