View Poll Results: My typical annual income is:
$50-$100,000
55
5.75%
$100-$150,000
54
5.65%
$150-$200,000
88
9.21%
$200-$250,000
88
9.21%
$250-300,000
83
8.68%
$300-$400,000
116
12.13%
$400-$500,000
133
13.91%
$600,000+
303
31.69%
Family money
36
3.77%
Voters: 956. You may not vote on this poll
What kind of money do you earn that you bought yourself a new 992?
11-22-2023, 05:20 PM
#451
Rennlist Member
Ok... totally anonymous poll here... (I guess Rennlist can technically figure out who you are), but I had a friend at work ask me "How can you afford a $170K car?" ... my response is I saved for a long time, it's been a life long dream and that I don't buy cars like this every couple of years like some might.. I make a good salary but certainly not that high by Bay Area high tech standards. I have no real debt however and feel like it's very much financially justifiable..
Curious however, on a world wide basis (so convert your income to US$)... what peoples income is that buy these cars? And if maybe some just have "Family money"
Curious however, on a world wide basis (so convert your income to US$)... what peoples income is that buy these cars? And if maybe some just have "Family money"
11-22-2023, 05:29 PM
#452
First Porsche, which was a 997.2 GT3 back in 2009, I don’t remember, but was 24 year old workaholic. Probably wasn’t the best decision financially, but did it. Probably put $5k on and ordered car and didn’t have the money to make it when it arrived. Got $1500 off haha. But the experiment set the expectations. So in a way, regardless, framed my mindset to push.
Last edited by GT3; 11-22-2023 at 05:30 PM.
11-23-2023, 10:05 AM
#453
Burning Brakes
Equally interesting would be how you paid for it.
I like to put down 50% deposit and finance the rest. It gives me very low repayments (at BMW 3-series level) and gives me all sort of non-financial benefits, like a relationship with the dealer for the next acquisition.
Then when I trade-up, I get my cash back and there is some equity to cut the next deal.
That was in a low interest world ... times are changing, so we will see how it works in the high interest rate environment.
I like to put down 50% deposit and finance the rest. It gives me very low repayments (at BMW 3-series level) and gives me all sort of non-financial benefits, like a relationship with the dealer for the next acquisition.
Then when I trade-up, I get my cash back and there is some equity to cut the next deal.
That was in a low interest world ... times are changing, so we will see how it works in the high interest rate environment.
The following users liked this post:
Jeff Whitten (12-02-2023)
12-02-2023, 07:48 AM
#455
I know this thread is getting old but I recently stopped by the dealer as my T delivery is getting closer. My salesperson recently got back from Porsche training and they laid out the median incomes of all the premium brands they were in competition with. The median income of a Porsche buyer was $600k.