TRZ06

THIS X2!!!!

There is a balance. What is the point of hoarding all the money and making every last extra % on it if you do not get to enjoy it on life. Then time marches on and soon you are 65-70 and not be able to do anything with all that money you have collected, well except hand it down to the lucky SOB heir that then gets a free ride and will just blow it on rich kid stuff.

Take this with a grain salt as I am divorced (but in a long term relationship and much happier), but I also do not agree that you HAVE to sped $500K on public school education and if I had a spouse who REQUIRED and DEMANDED that, then I would be looking hard at the person you are deciding to spend your life with. Reminds me of the girl I was dating a long time ago who told me IF we ever got married, she required a Tiffany ring. Unless you have a child that requires special attention or has specific needs (like Cole in Mr. Holland's Opus), there is no need to spend that kind of money for a public education. Sure law school or to be a doctor or surgeon, but not a 7-12th grade public education as that seems quite off the scale extreme.

clutchplate

While I've made some dumb financial decisions over the years (cars), I've never spent a dime on anti-depressants because the strongest known to man have always been sitting in my garages.

AnandN

If one has to sell a car, even a 100-150k car, to finance some other big ticket item, then that car should not have been purchased in the first place. Sorry if that comes across as judgemental but that is my philosophy regarding toys.. Maybe that's why I had to wait until I was 52 to buy my first Porsche. I didn't inherit anything and had to accumulate enough funds through work and savings to first pay off the house etc. before indulging in expensive toys.

Xxyion

Eh, i think it is a bit of a harsh judgment tbh. Because from what OP said, it sounded like they werent originally going to spend that much but then plans change. Plans always change, and the funds that were normally allocated towards the toy sometimes need to be reallocated towards things that arent. You cant plan for everything. And while i agree if you already had the big ticket item on the books and bought a 100k car in the hopes that you could afford both...then yeah i can agree with that. But that doesnt sound like the case here.

AnandN

We digress but I am a very cautious old guy and I thank my wife for my financial sense. We have always left a large cushion for big ticket items. Otherwise wouldn't have been able to buy (at least a big chunk of ) a winter home in southern Florida at the height of the pandemic. When I bought my new 911 in 2017, we made sure that, that future wasn't jeopardized. Still, one can't plan for every eventuality so yeah, I agree to that.
If the OP loves the BGTS, IMO, he should keep it. It is the end of an era and is a classic. 100k is not going to make a big difference to pay for private school for two kids. if it was a 911 with a turbo six, yeah I would sell that.

Xxyion

I do agree with that. it sounds like 500k over the next 7 years. selling a car thats 110k at maybe 100k isnt going to make much of a dent, especially if the car is still being financed. i get the extra insurance and registration and all that. But theres ways around to make that significantly cheaper.

baege

sounds like the OP has already decided to sell, and I think that's the right move in terms of maximizing what you get for it.
it's clear that used GTS 4.0 values have declined significantly since last spring (they are now going for MSRP or slightly above when they were previously going for quite a bit higher than MSRP in the CDN market at least)
I don't think there are enough of us NA loving enthusiasts to make GTS 4.0 values go up when the new 718 is released, as ZHAO pointed out, a big part of the market is really just about image and the latest and greatest
maybe long term appreciation for the 4.0's, but I think they will likely hold value in the short term but not really appreciate

Paul S.

I wish the OP well--I'm no financial advisor but if the public schools aren't to your liking, I'd move vs. spending $500K/$60K per year for private primary schooling. Not sure what's going on with public schools in MO. Boy.

AnandN

I am a scientist and I worked in MA for three decades and have family there in Boston and Cambridge. Want a great public school? Move to Cambridge, Lexington, Newton etc. A lot of the kids from those schools make it to MIT and Harvard.

mc3456

If you have a daughter/daughters, you may regret selling your GTS 4.0 when they become teenagers and behave like they hate your guts while you’re dropping significant coin on their private school tuition. Been there, done that. Though my daughter ended up at Vanderbilt and was recently accepted to a medical school, I don't think her private high school experience had any impact whatsoever, in fact in this day and age, private school might even work against her/them when applying to college. My daughter was already a top student at one of the best public high schools in MA. Of course, I say all that tongue in cheek...sort of. 😏

Drifting

private pre college school vs public is not a guarantee either way.

I have a graduate degree from Harvard, yet I attended only very average pre college public schools and a good public university.

Le Petit Garage

We cannot predict the future, if you want to sell, just sell. The peace of mind will be worth something as well.