Buying a used Porsche Cayenne on ebay or autotrader, need advice!

[blackdrogon]

Hey rfders,

Im about to purchase my very first car and wanted some advice. I want to buy a 2008+, porsche cayenne with no more than 80km at a price range of 30-35k.

1) For those who've owned one, have there been any major problems? Is maintenance really expensive? What are the cons of the car?

2) What should i be looking out for in an ad so that the deal is legit?

3) What are some dos and donts or red flags i should know about in purchasing a used car online?

Thx in advance!

[nepean19]

Check cars.com. Plenty of really cheap Porsches within 5-6 hour drive

[spike1128]

OP is buying a Cayenne as first car? Porsche are expensive to fix when broke, that's the only advice I have for you.

[poedua]

Hey rfders,

Im about to purchase my very first car and wanted some advice. I want to buy a 2008+, porsche cayenne with no more than 80km at a price range of 30-35k.

1) For those who've owned one, have there been any major problems? Is maintenance really expensive? What are the cons of the car?

2) What should i be looking out for in an ad so that the deal is legit?

3) What are some dos and donts or red flags i should know about in purchasing a used car online?

Thx in advance!

Make sure you get a robust ' pre purchase ' inspection by a mechanic / shop you trust before you buy ...this is an absolute ' MUST ' IMO..

Beyond that, and as the other poster alluded to, why anyone would want a 2008+, porsche cayenne as a FIRST CAR is beyond me.

[Kunman]

Make sure you get a robust ' pre purchase ' inspection by a mechanic / shop you trust before you buy ...this is an absolute ' MUST ' IMO..

Beyond that, and as the other poster alluded to, why anyone would want a 2008+, porsche cayenne as a FIRST CAR is beyond me.

Why is it beyond you that someone would want to have a cayenne as a 1st car?

[blackdrogon]

My budget was 50k. I was hoping that buying a 30k cayenne, i would save about 20k for maintenance.

My current situation is that i have am living at home and my family has two toyota fuel efficient cars that i have access to. I mostly take the transit to work so itll be used on the weekends only.

Im not dead on buying a cayenne but i wanted to make it
Matte black cuz it looks pretty awesome.

[poedua]

Why is it beyond you that someone would want to have a cayenne as a 1st car?

MOST people who buy a FIRST car are usually single, possibly in debt, in their first job, living at home etc. etc. ....so buying a luxury SUV that is relatively more expensive in terms of maintenance / repairs, fuel economy, insurance etc. etc. than other vehicles is not what what I would cal a savvy buy for a ' first time ' buyer ...that why.

Now, assuming ' mommy & daddy ' aren't buying the car.... if there are some extenuating circumstances where someone NEEDS a luxury SUV ( i.e a Cayenne that costs anywhere from $55,000 - $110,00 new ) as a FIRST car, then I don't know what those reasons might be...if there are some...I'd be really interested to know what they are. ;)

[poedua]

My budget was 50k. I was hoping that buying a 30k cayenne, i would save about 20k for maintenance.

My current situation is that i have am living at home and my family has two toyota fuel efficient cars that i have access to. I mostly take
the transit to work so itll be used on the weekends only.

Im not dead on buying a cayenne but i wanted to make it

Matte black cuz it looks pretty awesome.

Living at home .........a $50,00 budget for a FIRST vehicle ......a vehicle that you'll only drive on week-ends.

Wow.

[blackdrogon]

I realize the concern but ive done a lot of number crunching. I can payout the car in full if its around 30k. Ive already researched the insurance and fuel consumption. The only thing unknown to me is the maintenance and i just wanted to get some feedback from previous owners of how bad it is or how reliable a cayenne is.

My threahold is, if the maintenance for the next 5 years will be over 20k, i will def not be buying it.

[sappo569]

Recommendation; Don't.

You're living at home, and want to buy a $30,000 used luxury SUV to drive only on weekends?

Unless you have a serious $$$ full-time job, and living at home is simply a convenience...

Give your head a shake

Oops, someone beat me to the smackdown :D


Hey OP, most of the posts (mine included) are jealously sure, but the last thing we want to see is 2 months down the road a new thread from you "Help how do I get out of a finance, the dealer tricked me!"

[poedua]

Recommendation; Don't.

You're living at home, and want to buy a $30,000 used luxury SUV to drive only on weekends?

Unless you have a serious $$$ full-time job, and living at home is simply a convenience...

Give your head a shake

BIG time.

[blackdrogon]

Living at home .........a $50,00 budget for a FIRST vehicle ......a vehicle that you'll only drive on week-ends.

Wow.

Im a good saver if i can say so myself.
Ive been using my parents car free of charge for a while now so ive saved up.
Even if i made 25-30k at mcdonalds for two years, any could afford one, no?

[sappo569]

Im a good saver if i can say so myself.
Ive been using my parents car free of charge for a while now so ive saved up.
Even if i made 25-30k at mcdonalds for two years, any could afford one, no?

Ever wonder why all McDonald's workers are not driving around in Porches's? :P

Please please please don't start thinking like this...

I was the same way when I was 17-18 and wanted a new car.

Everything looks just fine on paper, until you start to put together all the ACTUAL costs of owning a vehicle.

Keep in mind the cost just to get an oil change done on any high-end luxury vehicle is usually in the $500 range


Best advice if you've saved up that much already, keep saving... You will really make life that much easier 5 years down the road when house shopping.

[poedua]

Im a good saver if i can say so myself.
Ive been using my parents car free of charge for a while now so ive saved up.
Even if i made 25-30k at mcdonalds for two years, any could afford one, no?

Just so I'm clear....you say you're living at home with your parents and have saved up all this money ( $30,000 ) and it's your FIRST car ............how old are you anyway ?

[blackdrogon]

Recommendation; Don't.

You're living at home, and want to buy a $30,000 used luxury SUV to drive only on weekends?

Unless you have a serious $$$ full-time job, and living at home is simply a convenience...

Give your head a shake

Oops, someone beat me to the smackdown :D


Hey OP, most of the posts (mine included) are jealously sure, but the last thing we want to see is 2 months down the road a new thread from you "Help how do I get out of a finance, the dealer tricked me!"

This is probably good advice i should be taking but ive always wanted a nice car :(

What should be my biggest concern?

[sappo569]

Just so I'm clear....you say you're living at home with your parents and have saved up all this money ( $30,000 ) .... ...how old are you ?

He originally said he saved up $50k, but would rather only spend 30k, and save 20 for repairs....

I want to work at his McD's!

Also this thread if moving quick... big time flame bait topic :D

[sappo569]

This is probably good advice i should be taking but ive always wanted a nice car :(

What should be my biggest concern?

Ok you are listening... this is good.

And receptive.

Not wanting to jump to conclusions... but you're probably not even 20 yet right?

Just get off the 'I want a luxury vehicle' train of thought right now, derail that thing.

Continue to use your parents car, or buy a used Toyota of your own.

It's in your hands , you asked for it and we are all SCREAMING the answer

[blackdrogon]

Just so I'm clear....you say you're living at home with your parents and have saved up all this money ( $30,000 ) and it's your FIRST car ............how old are you anyway ?

Im 25, keep in mind that this is not all my savings...$30k is my budget for a car with 20k maintenance. I plan to put a down payment on a house in about 1.5years. I already have my tfsa maxed and starting my rrsps for a first time home buyers plan.

[poedua]

Im 25, keep in mind that this is not all my savings...$30k is my budget for a car with 20k maintenance.

So, you've saved over $50,000 - and you're simply setting aside $50,000 for this Porsche ?


I plan to put a down payment on a house in about 1.5years. I already have my tfsa maxed and starting my rrsps for a first time home buyers plan.

How is this relevant ?

[poedua]

Ok you are listening... this is good.

And receptive.

Not wanting to jump to conclusions... but you're probably not even 20 yet right?

Just get off the 'I want a luxury vehicle' train of thought right now, derail that thing.

Continue to use your parents car, or buy a used Toyota of your own.

It's in your hands , you asked for it and we are all SCREAMING the answer

+1

Why drop $50,000 on a Porsche ...if you're saving for a house...put the $30,000 you save by going with a $15,000 - $20,000 used Toyota.

A home is an appreciating asset....a used vehicle .........is not. ;)

[sappo569]

Im 25, keep in mind that this is not all my savings...$30k is my budget for a car with 20k maintenance. I plan to put a down payment on a house in about 1.5years. I already have my tfsa maxed and starting my rrsps for a first time home buyers plan.

I should probably stop posting, I dont wanna clog it up :)

But why waste all that money? You're budgeting for $20k main. , if you had a 'regular' vehicle, you would only need an average of 2-3k for main. savings.

I mean it sounds like you have things well in hand, good savings etc, I just have such a hard time wrapping my head around the idea of having 50k (essentially) spent for something that spends more time parked than not.


On a side note, what the heck do you do for work? Cause I'm pretty sure there are a few people in here lurking that want to strangle you right now ;)

[blackdrogon]

So, you've saved over $50,000 - and you're simply setting aside $50,000 for this Porsche ?

Yes sir. Lets just say wont be in debt with this purchase.

How is this relevant ?

It is relevant because sappo said i should be thinking about buying a house in the next 5 yrs instead of buying a car. But i have that planned.

[poedua]

I should probably stop posting, I dont wanna clog it up :)

But why waste all that money? You're budgeting for $20k main. , if you had a 'regular' vehicle, you would only need an average of 2-3k for main. savings.

I mean it sounds like you have things well in hand, good savings etc, I just have such a hard time wrapping my head around the idea of having 50k (essentially) spent for something that spends more time parked than not.


On a side note, what the heck do you do for work? Cause I'm pretty sure there are a few people in here lurking that want to strangle you right now ;)

+1

And given someone is 25, what expenses does that someone pay at home ( to HELP the parents ) while living with one's parents..

[poedua]

It is relevant because sappo said i should be thinking about buying a house in the next 5 yrs instead of buying a car. But i have that planned.

I agree...and at your age of 25, every spare penny you save should go toward an APPRECIATING asset ( like a home ) ..NOT a DEPRECIATING asset like a $30,000 Luxury SUV + $20,00 in upkeep ....as a FIRST car no less........IMO.

[sappo569]

Bed time for me... And probably have a few bad dreams about horrible past financial choices.

Interested to see once the wave of posters hits :)

[Poulet]

How much is insurance? Is this planned in your 20K$?

A nice car is fun but the hype and all goes away quickly when you start thinking that it was a waste of hard earned money. A new 15,000$ car will do the same with no headake and surprises.

When you will have more money than you can spend, go ahead.

[poedua]

How much is insurance? Is this planned in your 20K$?

A nice car is fun but the hype and all goes away quickly when you start thinking that it was a waste of hard earned money. A new 15,000$ car will do the same with no headake and surprises.

When you will have more money than you can spend, go ahead.

Or a used $15,000 car.

Let's face it, when you're 25 and trying to save every penny so you can get out of your parent's home ASAP ;)so you can buy your own home.....a $15,000 Toyota comes closer to what a 25 ' has to have ' ( i.e basic, cheap & reliable transportation ) ...and not the ' nice to have " that a $30,000 + $20,000 luxury Porsche SUV represents.

[Poulet]

Or a bus pass.

[ichpen]

I must've missed when this forum turned into an agony aunt column.

[Poulet]

Lol

[Andro]

I must've missed when this forum turned into an agony aunt column.

sometime on or after May 9th, 2005...

[starboy869]

When I was under 25 I had an old 79 datsun 280z with a sbc 350 built. I probably had $15k min. into that car. I toss on a blower and ended up making more $$$ (ontop of the sc) when I sold it off. That car was stricly a summer weekend only car. Also I had zero debt in that car.

Please remember this is rfd and a lot of people here don't a lot of money and live in the gta. $50k for first car? Why not. I would. My first bought her first car... That nissan crossover thing? $40k and it's only driven on the weekends. Which is totally fine since she makes more than enough to afford it.

[Notadot]

I realize the concern but ive done a lot of number crunching. I can payout the car in full if its around 30k. Ive already researched the insurance and fuel consumption. The only thing unknown to me is the maintenance and i just wanted to get some feedback from previous owners of how bad it is or how reliable a cayenne is.

My threahold is, if the maintenance for the next 5 years will be over 20k, i will def not be buying it.

Cayennes require at least 20K per year in maintenance labour, consumables, and operating costs. Parking costs alone are double because you must occupy at least two spots with a Cayenne. I would suggest looking at beige Toyotas.

[blackdrogon]

Cayennes require at least 20K per year in maintenance labour, consumables, and operating costs. Parking costs alone are double because you must occupy at least two spots with a Cayenne. I would suggest looking at beige Toyotas.

That a lone would deter me from buying one...i'm going to walk into a dealer tomorrow to ask for a price list of maintenance costs... 20k sounds a bit ridiculous.

[nagasadow]

That a lone would deter me from buying one...i'm going to walk into a dealer tomorrow to ask for a price list of maintenance costs... 20k sounds a bit ridiculous.

not only that but the douch(e) bag factor of owning that as your first car


why not buy a ford focus titanium at 29k or a escape 2013 model>?

[Kunman]

That a lone would deter me from buying one...i'm going to walk into a dealer tomorrow to ask for a price list of maintenance costs... 20k sounds a bit ridiculous.

its not true, its BS.....wtf....i drive a v8 tourag of the same chasis and v8 engine as the cayenne, its marginally more expensive to maintain than a Japanese SUV. If you buy your own parts + oil etc and bring it to a good shop, could be cheaper than servicing a japanese suv from the dealer.


20,000 a year is the maintenance cost of a super super car.

[oksir]

lol just get it, everyones jealous. 50k is nothing nowadays.

[poedua]

lol just get it, everyones jealous. 50k is nothing nowadays.

Not if you're 25 and never owned a car, never lived on your own and stood on your own 2 feet, never payed for your own living expenses, don't have a home of your own etc. etc.....if anything, under theses circumstances, $50,000 is a TON of money..and it should be spent wisely...at least IMO. :)

[rsasp]

I spot baller...

[KawaiiTentacleBeast]

Boy I sure learned a lot about Porsche maintenance in this thread.

[Y2K_MASTER]

My 2 cents...

When I was 24 I had the money to go buy a new 2011 370z nismo. I opted not to and got a used 2006 mitsubishi eclipse for 6k instead. I had a ton more money left over and used it to invest for things down the road. In a few years I'll be able to look at something nice like a corvette or a porshe when I'm more financially stable.

The more money you save now, the more you'll have down the road to get things you enjoy

[kcorscadden]

I understand the desire to want to buy your "dream" vehicle, but at the end of the day do you really need a Porsche for the weekends? What does this Porsche do that a Toyota/Honda/Chevy/Dodge/etc doesn't do? The answer is nothing as the whole point to a vehicle is to get you from Point A to Point B, luxury is secondary. For an individual who is going to be using this vehicle only for weekends, it's very foolish to spend that much money on a vehicle just for weekend driving.

You live at home, all your expenses are paid for so you should have some savings saved up or you're doing something seriously wrong. However, just because you have $50k saved doesn't mean you need to spend all of it on a vehicle. Spend $10k on a vehicle and then invest the other $40k in RRSP's or something and GROW your savings.

[ottofly]

Well, times have certainly changed. My first car was a 79 Acadian bought for $700 with money from a paper route and that was baller since no other 17 year old had a car. Insurance was $500/year just liability. My second car wasn't much better, 77 Nova with an inline 6 and rust everywhere. lol It was even cheaper @ $500.

I say OP should buy it. When he's deep in debt at some point down the road he can then tell the kids/friends/nieces/nephews how he was a knob @ 25 years old and dropped $50K on some hideous looking, obnoxious SUV driven mostly by rich soccer moms.

[l69norm]

Op if you have those kind of bucks and you have no experience with cars, forget eBay and autotrader. Pay the extra premium and look at Porsche dealers for certified preowned, low miles with full warranty remaining.

[poedua]

I say OP should buy it. When he's deep in debt at some point down the road he can then tell the kids/friends/nieces/nephews how he was a knob @ 25 years old and dropped $50K on some hideous looking, obnoxious SUV driven mostly by rich soccer moms.

Perfect...I love it :lol::lol::lol::lol:

[harold_callahan]

OP try looking in the USA for your SUV. I saved over $15K on my purchase....

OP try to buy the Car from a Porsche Dealer (savings should still be significant). Try to get the Porsche CPO'd. A CPO'd Porsche comes with a 6 year warranty (takes you to 2014). Your Porsche Warranty is good all over North America.

Make sure to look into how to turn on Daytime Running Lights (DRL). I am not sure about the 2008 Porsche, but my 2009 Porsche, this setting is in the main console (easy to do), no wiring or setup by a dealer.

To Import the Porsche into Canada, RIV will require the recall letter (another reason to buy from a dealer). Make the recall letter part of your purchase deal.

Depending on which state you are purchasing from you need temporary tags (assuming you are driving it back to Canada). States like Florida and California, will require you to ship the car out of state before you can drive it (not easily done, unless you are shipping it home). I grabbed my car my car from Chicago and the dealer put a 30 day tag on it, so I was able to drive it home and drive it to get the RIV inspection and certification (in GTA) before I got my Ontario plates.

Good Luck in your Purchase OP!

NOTE: There are lots of sites that walk you through the entire process.

-Callahan-

[kennyluo]

man dont buy a cayanne... it will look like you took your parents' car out... who really buy SUV when they are 25...

get a boxter yo, its a convertible and it will get u a lot of LGs, you need those more when you are 25 :twisted:

[blackdrogon]

I understand the desire to want to buy your "dream" vehicle, but at the end of the day do you really need a Porsche for the weekends? What does this Porsche do that a Toyota/Honda/Chevy/Dodge/etc doesn't do? The answer is nothing as the whole point to a vehicle is to get you from Point A to Point B, luxury is secondary. For an individual who is going to be using this vehicle only for weekends, it's very foolish to spend that much money on a vehicle just for weekend driving.

You live at home, all your expenses are paid for so you should have some savings saved up or you're doing something seriously wrong. However, just because you have $50k saved doesn't mean you need to spend all of it on a vehicle. Spend $10k on a vehicle and then invest the other $40k in RRSP's or something and GROW your savings.

Why is it foolish to just use it for weekend driving? I'm purchasing this car out in full, that means, if i choose to drive it only on weekends, the maintenance costs will be lower, but if I choose to drive it daily, the costs go up. The car is a $70k car and I'm buying it for $30k. The $20k saved for maintenance will be stuck in investments until I need to pull it out (1 or 2 times a year). Other owners on forums have stated around $1300 on normal maintenance per year.

The reason why I dont want to spend on a 10k vehicle is because my parents already have two Toyotas. It's either I purchase a decent car or none at all.
You're also making it sound like I'm dumping ALL my money and ALL my savings into this car, which is totally not true. Please stop stating that it is a $50k car, I'm not paying that much for it.

[blackdrogon]

Op if you have those kind of bucks and you have no experience with cars, forget eBay and autotrader. Pay the extra premium and look at Porsche dealers for certified preowned, low miles with full warranty remaining.


OP try looking in the USA for your SUV. I saved over $15K on my purchase....

OP try to buy the Car from a Porsche Dealer (savings should still be significant). Try to get the Porsche CPO'd. A CPO'd Porsche comes with a 6 year warranty (takes you to 2014). Your Porsche Warranty is good all over North America.

Make sure to look into how to turn on Daytime Running Lights (DRL). I am not sure about the 2008 Porsche, but my 2009 Porsche, this setting is in the main console (easy to do), no wiring or setup by a dealer.

To Import the Porsche into Canada, RIV will require the recall letter (another reason to buy from a dealer). Make the recall letter part of your purchase deal.

Depending on which state you are purchasing from you need temporary tags (assuming you are driving it back to Canada). States like Florida and California, will require you to ship the car out of state before you can drive it (not easily done, unless you are shipping it home). I grabbed my car my car from Chicago and the dealer put a 30 day tag on it, so I was able to drive it home and drive it to get the RIV inspection and certification (in GTA) before I got my Ontario plates.

Good Luck in your Purchase OP!

NOTE: There are lots of sites that walk you through the entire process.

-Callahan-

I was thinking of getting the Porsche CPO'd as well. It's only a few thousand more, which also comes with warranty.

I've also been told to go to the states, but does the miles/hr speedometer annoy you?

[blackdrogon]

man dont buy a cayanne... it will look like you took your parents' car out... who really buy SUV when they are 25...

get a boxter yo, its a convertible and it will get u a lot of LGs, you need those more when you are 25 :twisted:

LOL, this is hilarious.
The reason why I'm not getting a boxter/cayman is because it's a biotch to drive in the winter. No one drives a porsche in the winter :razz:

[Poulet]

Well, times have certainly changed. My first car was a 79 Acadian bought for $700 with money from a paper route and that was baller since no other 17 year old had a car. Insurance was $500/year just liability. My second car wasn't much better, 77 Nova with an inline 6 and rust everywhere. lol It was even cheaper @ $500.

I say OP should buy it. When he's deep in debt at some point down the road he can then tell the kids/friends/nieces/nephews how he was a knob @ 25 years old and dropped $50K on some hideous looking, obnoxious SUV driven mostly by rich soccer moms.

:)

[blackdrogon]

My 2 cents...

When I was 24 I had the money to go buy a new 2011 370z nismo. I opted not to and got a used 2006 mitsubishi eclipse for 6k instead. I had a ton more money left over and used it to invest for things down the road. In a few years I'll be able to look at something nice like a corvette or a porshe when I'm more financially stable.

The more money you save now, the more you'll have down the road to get things you enjoy

This is very true and it's probably the one thing I will keep in mind before I make a final decision.
I'm just doing a lot of research and calling dealers/owners to see what the maintenance is like. If it's too high, I'm just going to save the money.
370 Z is pretty sexy too :D

[KorruptioN]

The reason why I'm not getting a boxter/cayman is because it's a biotch to drive in the winter. No one drives a porsche in the winter :razz:

Lots of people do, actually. Lots of rear weight bias and good winter tires. I see them quite often - the AWD models even more so.

Man up.

edit: It is only winter for half the year. You'd be willing to drive a big, heavy, poor-handling SUV for the rest of the year? This winter wasn't much of a winter at all.

[blackdrogon]

Well, times have certainly changed. My first car was a 79 Acadian bought for $700 with money from a paper route and that was baller since no other 17 year old had a car. Insurance was $500/year just liability. My second car wasn't much better, 77 Nova with an inline 6 and rust everywhere. lol It was even cheaper @ $500.

I say OP should buy it. When he's deep in debt at some point down the road he can then tell the kids/friends/nieces/nephews how he was a knob @ 25 years old and dropped $50K on some hideous looking, obnoxious SUV driven mostly by rich soccer moms.

I've got my finances under control, I doubt I will be in debt.

http://pcarblog.com/wp-content/uploads/2007/12/essen-mat-27.jpg

I hardly call this a hideos looking, obnoxious SUV (maybe a little) driven by a rich soccer moms car

[KorruptioN]

I've got my finances under control, I doubt I will be in debt.

http://pcarblog.com/wp-content/uploads/2007/12/essen-mat-27.jpg

I hardly call this a hideos looking, obnoxious SUV (maybe a little) driven by a rich soccer moms car

Doubt? You damn well better be sure. Have you done the calculations yet?

I think it is hideous. It is an abomination of what a Porsche is (though it is selling well), and the example you've chosen with the matte paint makes it look even more obnoxious. To me, it is getting close to the BMW X6-series d-bag quotient.

[poedua]

The reason why I dont want to spend on a 10k vehicle is because my parents already have two Toyotas.

Sorry, but that logic makes absolutely NO sense IMO....what your parents drive is completely irrelevant.

You're 25, it's your FIRST car, you live with your parents, you're saving for a house so you can move out, you have to pay for your own insurance / maintenance etc. and you have $50,000 of allocated cash that you can either 1) allocate 100% to a $30,000 used Porsche Cayenne ( that originally cost $70,000 ) and $20,000 for upkeep or 2) put $10,000 toward another type of vehicle and allocate the other $40,000 or so to some appreciating asset...that is the more relevant issue in my view.


It's either I purchase a decent car or none at all.

Part of the issue here might be what your definition of a " decent car " represents for someone who is 25, buying a FIRST car, living at home with their parents etc. etc.


You're also making it sound like I'm dumping ALL my money and ALL my savings into this car, which is totally not true. Please stop stating that it is a $50k car, I'm not paying that much for it.

Well, you said the vehicle costs about $30,000 and you're allocating another $20,000 for ongoing ownership cost contingencies

[poedua]

I hardly call this a hideos looking, obnoxious SUV (maybe a little) driven by a rich soccer moms car

I'd have to agree...I'd be more inclined to call it an extremely hideous looking, obnoxious SUV.

Gotta tell you...in that particular colour / finish..that is one ' butt ugly ' looking vehicle...... IMO.

(with that ugly black finish, it looks more like something Batman would take out on weekends ;)....:lol::lol::lol: )

[blackdrogon]

I'd have to agree...I'd be more inclined to call it an extremely hideous looking, obnoxious SUV.

Gotta tell you...in that particular colour / finish..that is one ' butt ugly ' looking vehicle...... IMO.

(with that ugly black finish, it looks more like something Batman would take out on weekends ;)....:lol::lol::lol: )

Let's just stick to my original post questions.
I'm not here to discuss what looks good and what doesnt, that is your own opinion.
Haters are going to hate, I'm not going to make my decision based on YOUR opinion on the design of the car.

[poedua]

Let's just stick to my original post questions.
I'm not here to discuss what looks good and what doesnt, that is your own opinion.

I know, that is why I included ... " IMO ".

If for whatever reason, you happen think this vehicle is appealing..then that's all that counts.:D

[Poulet]

In conclusion, count the responses of the thread up to now.

I think the vast majority of answers are more on one side. If you don't know which, don't say no one warned you.

[kcorscadden]

Why is it foolish to just use it for weekend driving? I'm purchasing this car out in full, that means, if i choose to drive it only on weekends, the maintenance costs will be lower, but if I choose to drive it daily, the costs go up. The car is a $70k car and I'm buying it for $30k. The $20k saved for maintenance will be stuck in investments until I need to pull it out (1 or 2 times a year). Other owners on forums have stated around $1300 on normal maintenance per year.

The reason why I dont want to spend on a 10k vehicle is because my parents already have two Toyotas. It's either I purchase a decent car or none at all.
You're also making it sound like I'm dumping ALL my money and ALL my savings into this car, which is totally not true. Please stop stating that it is a $50k car, I'm not paying that much for it.

You do whatever you want to do, at the end of the day I, like many on this forum don't care what you do. I just don't see the point in spending $30k on a USED vehicle that will be used maybe 2 days a week. The other 5 days of the week it will be sitting in the driveway.

What's wrong with the Toyota's that your parents own? Do those Toyota's not get you from Point A to Point B? That's all a vehicle is supposed to do. Cruise control, heated seats/mirrors/wipers, AC, etc are all luxury items that you will be paying for that doesn't have anything to do with getting you to and from your destination. You're 25 for god sakes, you need to start saving your money now, trust me and many others have stated this already. The only reason why you have this much money is because you have lived at home with your parents. I am sure your parents haven't allowed you to stay at home and save money to just turn around and dump a good chunk of that on a vehicle. $30k is way too much money to be spending on a vehicle that you intend to use only 2 days a week.

That money would be better served putting it towards a downpayment on a home or condo so you can get out on your own. I am sure your parents don't really want you living there but they are trying to help you get ahead in the world by keeping your expenses low and saving as much as you can before they give ya the boot out the door. You're lucky to still be living at home at 25 as I don't know many ppl at that age still living at home.

Sure your operation costs will be lower, but who's to say that your maintenance costs might not be higher with the vehicle sitting for 70 to 80 % of the week? Vehicles are designed to move not sit still and thus if they sit too long, things start to seize or rust and then need to be replaced

[harold_callahan]

I was thinking of getting the Porsche CPO'd as well. It's only a few thousand more, which also comes with warranty.

I've also been told to go to the states, but does the miles/hr speedometer annoy you?

In my 2009, all settings can be set in the dash to get converted to Metric...

-Callahan-

[oksir]

You know op, tbh, exclusive cars like these should only be bought new. Its more a symbol
Then anything, buying a used one while young will only make you look like a try hard.

Maybe get a used bmw 335xi or s4? Good fast cars drivable all year round.

[Notadot]

What's wrong with the Toyota's that your parents own? Do those Toyota's not get you from Point A to Point B? That's all a vehicle is supposed to do. Cruise control, heated seats/mirrors/wipers, AC, etc are all luxury items that you will be paying for that doesn't have anything to do with getting you to and from your destination. You're 25 for god sakes, you need to start saving your money now, trust me and many others have stated this already. The only reason why you have this much money is because you have lived at home with your parents. I am sure your parents haven't allowed you to stay at home and save money to just turn around and dump a good chunk of that on a vehicle. $30k is way too much money to be spending on a vehicle that you intend to use only 2 days a week.

You're interfering with his hopes of shedding his beige Toyota inadequacies to become a top-shelf poser for a short while.

[fallengod]

I was in the OP boat too, (have money, live at home.) and I would say this... if you buy a house like everyone said... you never be able to afford a Porsche never again until you much older.

A house is the big money pit that will eat into most of your income, where as a car has minimum expense, (I dunno about a Porsche...). At $50k, if you make a decent income. you can easily recover that amount in a year or 2.

If you have no reason to get a place of your own ( no gf, get along with parents, free rent), then buy what you enjoy but keep your warchest ($$) ready for a house when the housing market crash and burn and you can pray on others misfortunes :D

[Notadot]

A house is the big money pit that will eat into most of your income, where as a car has minimum expense, (I dunno about a Porsche...). At $50k, if you make a decent income. you can easily recover that amount in a year or 2.

If you have no reason to get a place of your own ( no gf, get along with parents, free rent), then buy what you enjoy but keep your warchest ($$) ready for a house when the housing market crash and burn and you can pray on others misfortunes :D

Foolish advice. A car is a depreciating asset, and one that requires ever-increasing maintenance costs as it ages. You will almost always lose money invested in a car over the long term, especially when you're talking about higher end vehicles.

A house is generally an appreciating asset. Right now houses are on an upward price climb after sitting stagnant for a time. Now is the time to get into that market if you can find something at a reasonable price point relative to teh local market..

[IMWHFMPC]

HAHA, OP don't worry about other jealously idiots. When I asked for questions about buying a 335i cabriolet here for my SECOND vehicle, they were screaming all over the place. I was beaten to death. They managed to make 29 pages in my thread, yours will be lengthy soon! lol

[fallengod]

but I have too add.. is a Porsche cayenne really needed?

The older the car has, the more issue it will have. At your budget, I think you can easily afford a 1 or 2 year old BMW, audi or benz (in the $30k range) and those car will be trouble free and cheap to run for at least the next 5-6 years (or if is your weekend weekend car... likely 9+ years )

When I was picking my car, I was planing to get a used bmw or audi but in the 2008 range ( My budget was under 30k all in) but i realize the cost in dealing with an older car, so I ended up picking a 2011 used WV GTI for 25k all in.

Once you get over the brand and image of a car, you start realizing the value in what you actually want. I would start asking yourself... what in a Porsche cayenne that you want that let say an BMW X5 or an RX450 don't have. And ask yourself if you willing to pay that price as an addon!

[blackdrogon]

You do whatever you want to do, at the end of the day I, like many on this forum don't care what you do. I just don't see the point in spending $30k on a USED vehicle that will be used maybe 2 days a week. The other 5 days of the week it will be sitting in the driveway.

What's wrong with the Toyota's that your parents own? Do those Toyota's not get you from Point A to Point B? That's all a vehicle is supposed to do. Cruise control, heated seats/mirrors/wipers, AC, etc are all luxury items that you will be paying for that doesn't have anything to do with getting you to and from your destination. You're 25 for god sakes, you need to start saving your money now, trust me and many others have stated this already. The only reason why you have this much money is because you have lived at home with your parents. I am sure your parents haven't allowed you to stay at home and save money to just turn around and dump a good chunk of that on a vehicle. $30k is way too much money to be spending on a vehicle that you intend to use only 2 days a week.

That money would be better served putting it towards a downpayment on a home or condo so you can get out on your own. I am sure your parents don't really want you living there but they are trying to help you get ahead in the world by keeping your expenses low and saving as much as you can before they give ya the boot out the door. You're lucky to still be living at home at 25 as I don't know many ppl at that age still living at home.

Sure your operation costs will be lower, but who's to say that your maintenance costs might not be higher with the vehicle sitting for 70 to 80 % of the week? Vehicles are designed to move not sit still and thus if they sit too long, things start to seize or rust and then need to be replaced


I was in the OP boat too, (have money, live at home.) and I would say this... if you buy a house like everyone said... you never be able to afford a Porsche never again until you much older.

A house is the big money pit that will eat into most of your income, where as a car has minimum expense, (I dunno about a Porsche...). At $50k, if you make a decent income. you can easily recover that amount in a year or 2.

If you have no reason to get a place of your own ( no gf, get along with parents, free rent), then buy what you enjoy but keep your warchest ($$) ready for a house when the housing market crash and burn and you can pray on others misfortunes :D

You guys make good points.

I think what I'm going to do is find a home and put down a down payment.
Then after living there for a bit and see if I have enough reserve to purchase the car and maintain it. (Of course not trying to touch my TFSA and RRSPs) My original plan was to purchase a home 2 years from now because the housing market is too hot. I had some money saved up so I wanted to purchase a car.

[poedua]

I was in the OP boat too, (have money, live at home.) and I would say this... if you buy a house like everyone said... you never be able to afford a Porsche never again until you much older.

A house is the big money pit that will eat into most of your income, where as a car has minimum expense, (I dunno about a Porsche...). At $50k, if you make a decent income. you can easily recover that amount in a year or 2.

Home .........appreciating asset ( investment ).

Vehicle.........DEpreciating asset

Age 25, living at home, an additional $40,000 - $50,000 to put toward purchasing an appreciating house......real smart move...IMO.

Age 25, living at home, an additional $40,000 - $50,000 to put toward a depreciating Porsche Cayenne......not so much....IMO..

[kaioshinkidd]

For the people telling the OP to buy a house instead of a car. Have you read his location? It's Toronto. Buying an overpriced house for 500k is not the smartest move right now. He might as well burn that 50-100k he'll lose due to depreciation when the real estate market cools.

Cash is king right now, keep the cash. When the real estate bubble bursts and the European crisis is over, that cash will come in handy to buy a home and blue chips.

So what if he has 30k to spend right now, better than pissing it away on an overpriced house.

Yes, it would be nice to save it for a rainy day, but he plans to buy a house anyway in a few years. When the time is right.

You can't say he won't have the cash to invest in a house in a few years since he already has the cash for a down payment right now.

I'm all for buying appreciating assets but it's also buying the right appreciating assets at the right time. Give the guy some credit, he's saving.

[fallengod]

Foolish advice. A car is a depreciating asset, and one that requires ever-increasing maintenance costs as it ages. You will almost always lose money invested in a car over the long term, especially when you're talking about higher end vehicles.

A house is generally an appreciating asset. Right now houses are on an upward price climb after sitting stagnant for a time. Now is the time to get into that market if you can find something at a reasonable price point relative to teh local market..


Once you buy a house, you slave to that paying for that house for the next 25 years. where as if OP have a fully payed off car BEFORE buying a house, you don't need to worry about paying for a house AND a car.

And at age 25, at most the OP is likey making $50k-70k a year, he can afford ether a house or a car but not both at the same time, and looking at the amount he saving, he not someone that will live paycheck by paycheck. so a house is not a wise decision at this point of time. (nor is a 50k car but at least that a one time cost (upkeep cost is minimum)...where as a house is not)

[blackdrogon]

but I have too add.. is a Porsche cayenne really needed?

The older the car has, the more issue it will have. At your budget, I think you can easily afford a 1 or 2 year old BMW, audi or benz (in the $30k range) and those car will be trouble free and cheap to run for at least the next 5-6 years (or if is your weekend weekend car... likely 9+ years )

When I was picking my car, I was planing to get a used bmw or audi but in the 2008 range ( My budget was under 30k all in) but i realize the cost in dealing with an older car, so I ended up picking a 2011 used WV GTI for 25k all in.

Once you get over the brand and image of a car, you start realizing the value in what you actually want. I would start asking yourself... what in a Porsche cayenne that you want that let say an BMW X5 or an RX450 don't have. And ask yourself if you willing to pay that price as an addon!

Believe it or not, I'm actually not looking to be pretentious or a snob, nor do I care if I drive down the road and people are thinking that. The reason why I chose this car is because it had everything I wanted and more. I've already test driven it and done extensive research on its history. The only thing I'm worried about right now is the maintenance costs and for now it seems manageable. I would have probably bought one with Porsche Approved certification from a dealer and brought two mechanics with me to check it out.

[poedua]

Once you buy a house, you slave to that paying for that house for the next 25 years.

Yes.....while the house is APPRECIATING in value over 25 years !!!!


where as if OP have a fully payed off car BEFORE buying a house, you don't need to worry about paying for a house AND a car.

Agreed....a $10,000 fully payed off Toyota and then an additional $40,000 toward building wealth....i.e buying a home / INVESTING in real estate...it's called a ' win / win .


And at age 25, at most the OP is likey making $50k-70k a year, he can afford ether a house or a car but not both at the same time,

And since a home is an appreciating asset and a vehicle is not ....house trumps vehicle...all day long..;)

[poedua]

For the people telling the OP to buy a house instead of a car. Have you read his location? It's Toronto. Buying an overpriced house for 500k is not the smartest move right now. He might as well burn that 50-100k he'll lose due to depreciation when the real estate market cools.

Cash is king right now, keep the cash. When the real estate bubble bursts and the European crisis is over, that cash will come in handy to buy a home and blue chips.

So what if he has 30k to spend right now, better than pissing it away on an overpriced house..

Or pissing away $30k on a depreciating asset....that makes even LESS sense IMO....as you say, " cash is king "......don't piss it away on a $30,000 vehicle ...( when a $10,000 vehicle will do )...... hang on to the cash to .......BUILD WEALTH.;)

[blackdrogon]

For the people telling the OP to buy a house instead of a car. Have you read his location? It's Toronto. Buying an overpriced house for 500k is not the smartest move right now. He might as well burn that 50-100k he'll lose due to depreciation when the real estate market cools.

Cash is king right now, keep the cash. When the real estate bubble bursts and the European crisis is over, that cash will come in handy to buy a home and blue chips.

So what if he has 30k to spend right now, better than pissing it away on an overpriced house.

Yes, it would be nice to save it for a rainy day, but he plans to buy a house anyway in a few years. When the time is right.

You can't say he won't have the cash to invest in a house in a few years since he already has the cash for a down payment right now.

I'm all for buying appreciating assets but it's also buying the right appreciating assets at the right time. Give the guy some credit, he's saving.


Once you buy a house, you slave to that paying for that house for the next 25 years. where as if OP have a fully payed off car BEFORE buying a house, you don't need to worry about paying for a house AND a car.

And at age 25, at most the OP is likey making $50k-70k a year, he can afford ether a house or a car but not both at the same time, and looking at the amount he saving, he not someone that will live paycheck by paycheck. so a house is not a wise decision at this point of time. (nor is a 50k car but at least that a one time cost (upkeep cost is minimum)...where as a house is not)

my exact thoughts

[eiad77]

Most of the replies to this thread are ridiculous. Notice how the original post didn't ask 1) if he should purchase the car 2) what he should do with his money 3) if the Cayenne is ugly. He isn't looking for advice about what he should do with his money, he has already decided. He just wants to know the best way to buy the car. His age, financial situation, and living arrangements are all irrelevant. There have been nearly 80 replies and maybe one or two which have actually been helpful.

[starboy869]

How about this

It's the op money and can do as he see fit?

$50k from a car driven 2 days a week? Sure why not. I had after I tallyed up in my head $25k into a car I drove friday night, saturday afternoon, and evening from May to about late sept/oct. And was almost old as me. I sold it for $20k all said and done.
Was it worth the $5k? Hell ya... Not everyday you drove an old datsun 280z with 350hp+ of v8 american iron under the hood. Then again my life and my friends lives was more than home/work/tv/video games. All work and no play makes jack a very dull boy. Imo there's more to life than money. One thing I noticed about people and the gta everyone always worried about money and how they don't have it.

My current toys are two classic motorcycles in full restore mode. Money pits? Yes.

Seriously why buy a house when he doesn't need to? Nobody said you've to magicaly pay rent when you turn 18 (well I had to). My parents (j@@ed me) when I turned 20 I had pay an extra $2000 cause they "undercharged me" for the last two years. Just take that $1500/m rent or mortgage payment and toss it in the bank or under your pillow.

Also back the orginal question.

Make sure you check the car out in person. Take it to a mech that can give it a good once over. This service isn't free as it's time to check it out on the hoist. Don't buy into western union ********. It's all a scam.

[blackdrogon]

Or pissing away $30k on a depreciating asset....that makes even LESS sense IMO....as you say, " cash is king "......don't piss it away on a $30,000 vehicle ...( when a $10,000 vehicle will do )...... hang on to the cash to .......BUILD WEALTH.;)

It's only a depreciating asset if I choose to sell it later, but my plan is to run it to the ground. (over a long period of time)
Gone are the days when banks consider your car as part of your networth.

I have saved my money and I have built wealth. At what point in time do I get to choose to spend it?
I'm not worried about going into debt but worse comes to worse is that it will cut into my savings is for some unknown reason I have to fork up $20k to replace something.
My parents don't care if I live in the house for another two years or so, I pull my weight and pay some expenses.

[blackdrogon]

Make sure you check the car out in person. Take it to a mech that can give it a good once over. This service isn't free as it's time to check it out on the hoist. Don't buy into western union ********. It's all a scam.

Don't worry, I wasn't planning on financing it.

[spike1128]

It's only a depreciating asset if I choose to sell it later, but my plan is to run it to the ground. (over a long period of time)
Gone are the days when banks consider your car as part of your networth.

I have saved my money and I have built wealth. At what point in time do I get to choose to spend it?
I'm not worried about going into debt but worse comes to worse is that it will cut into my savings is for some unknown reason I have to fork up $20k to replace something.
My parents don't care if I live in the house for another two years or so, I pull my weight and pay some expenses.

No worries OP. If you plan to buy the car outright and run it into the ground, then you need not worry. I can't complete agree on the others betting as a depreciation / appreciation asset. If one has to look that way, a wife is a depreciating asset as well. A kid might be appreciating or depreciation. Not everything in life can be viewed gain/loss.

I for one are not putting you in the same league as the ones who got a free baller car from daddy when going to university. You earned that money, so you should spend it on whatever that makes you happy. Like I said in my first post, maintenance can get expensive.

[starboy869]

Don't worry, I wasn't planning on financing it.

I never said anything about financing.

Western union car scam google search it.

Damn now I wished I had my old datsun. However since I'm older it would need a/c. Haha

Why not get an old classic? They seem to hold their value a lot more. Alongs as you don't winter drive it and keep it up on maintain it would be a lot cooler rolling up to the local meet with your friends in a 69 mustang Mach 1.

[Insider]

Hey rfders,

Im about to purchase my very first car and wanted some advice. I want to buy a 2008+, porsche cayenne with no more than 80km at a price range of 30-35k.

1) For those who've owned one, have there been any major problems? Is maintenance really expensive? What are the cons of the car?

2) What should i be looking out for in an ad so that the deal is legit?

3) What are some dos and donts or red flags i should know about in purchasing a used car online?

Thx in advance!


Make sure you get a robust ' pre purchase ' inspection by a mechanic / shop you trust before you buy ...this is an absolute ' MUST ' IMO..

Beyond that, and as the other poster alluded to, why anyone would want a 2008+, porsche cayenne as a FIRST CAR is beyond me.

is this his mother? seriously lady, are you his mother? I think you troll threads just to berate people who don't live your ideal life of conservatism. I'm all for knocking sense into people, but you just don't let up, ever.

although, I'm glad, you sort of assisted.

let the guy waste his money. and yes, buying a used Porsche is wasting your money, OP. I personally think you'll be overwhelmed by the repairs and maintenance.
if you want to learn more about the car you are purchasing this is the worst forum, and I think you're doing it more for the attention.
try, 6speedonline, or pcaucr

[Talon88]

:::

If OP can afford what he want, why not...?

I am more worrying about OP since it is his 1st car, on the other hand, that's mean
he don't have too many car's hardware experiences. Second, how can you
trust a used car that you can't test drive, look, touch & hear before you
dump your money on ebay?

OP, buy locally, find a friends know car to check out the car you choose,
and then have it checked at Porsche dealer or Specializes before you buy.

Happy Hunting..!

:::

[starboy869]

is this his mother? seriously lady, are you his mother? I think you troll threads just to berate people who don't live your ideal life of conservatism. I'm all for knocking sense into people, but you just don't let up, ever.

although, I'm glad, you sort of assisted.

let the guy waste his money. and yes, buying a used Porsche is wasting your money, OP. I personally think you'll be overwhelmed by the repairs and maintenance.
if you want to learn more about the car you are purchasing this is the worst forum, and I think you're doing it more for the attention.
try, 6speedonline, or pcaucr

Did you did chop for conservatism and added your own views about conservatism? Am I wrong?

At the end of the day any car is a waste of money in the grand picture of things.

[l69norm]

The other alternatives:
1) hire a broker to acquire your car from the dealer only auctions (Adesa or Manhiem) where Porsche Financial Services sells off thier lease returns. Again, you might find low miles and still under warranty. You'll pay wholesale + broker fees +HST

2) Look on Leasebusters and takeover a low mileage lease. Drive the car for a while - if a lemon, return car at end of lease. If the car is OK, buy out the lease. Again, look for to make sure you'll have enough mileage for the remainder of the lease, warranty still valid and check to see how much the previous guy will pay you to takeover his lease (more the better). Costs = Remaining months on lease + buy fees + residual + HST Previous guy usually pays lease transfer costs and might leave the security deposit as well. I would assume most of these SUVs are leased and the the customers are rich enough (or business tax write off) that they simply turn over vehicles every 2-3 years

[kcorscadden]

I have saved my money and I have built wealth. At what point in time do I get to choose to spend it?

$50k isn't a lot in the scheme of things. You can't retire on $50k.... You need a good $700k before even considering retirement, that is if you want to live comfortably. Obviously, the more you have in savings the better your retirement will be.

Nobody is saying don't buy the car, just that we are saying to spend your money more wisely. Why spend $30k on a vehicle when a $10k vehicle will do and thus $20k saved to invest and grow.

[lavar]

Have you considered a used Acura RDX? Fun to drive, not so large and should be much more maneagable on the maintanence front.

[blackdrogon]

$50k isn't a lot in the scheme of things. You can't retire on $50k.... You need a good $700k before even considering retirement, that is if you want to live comfortably. Obviously, the more you have in savings the better your retirement will be.

Nobody is saying don't buy the car, just that we are saying to spend your money more wisely. Why spend $30k on a vehicle when a $10k vehicle will do and thus $20k saved to invest and grow.

My point is, who are you to tell anyone how much they should save and how much they should spend?

Some may say to buy a 5k car instead and save the 25k, others may say to buy a bike and save the entire $30k.
The level of saving and spending is arbitrary for every person. As much as I appreciate your advice to save as much as I can and be practical, I also need to take into account what my threshold is.
Again, this is not a finance thread, I know the consequences of owning a used vehicle. I'm merely asking for advice about buying used cars online and the experience of past owners of a Porsche Cayenne.

[blackdrogon]

is this his mother? seriously lady, are you his mother? I think you troll threads just to berate people who don't live your ideal life of conservatism. I'm all for knocking sense into people, but you just don't let up, ever.

although, I'm glad, you sort of assisted.

let the guy waste his money. and yes, buying a used Porsche is wasting your money, OP. I personally think you'll be overwhelmed by the repairs and maintenance.
if you want to learn more about the car you are purchasing this is the worst forum, and I think you're doing it more for the attention.
try, 6speedonline, or pcaucr

I will check out those forums, thank you!

[blackdrogon]

The other alternatives:
1) hire a broker to acquire your car from the dealer only auctions (Adesa or Manhiem) where Porsche Financial Services sells off thier lease returns. Again, you might find low miles and still under warranty. You'll pay wholesale + broker fees +HST

2) Look on Leasebusters and takeover a low mileage lease. Drive the car for a while - if a lemon, return car at end of lease. If the car is OK, buy out the lease. Again, look for to make sure you'll have enough mileage for the remainder of the lease, warranty still valid and check to see how much the previous guy will pay you to takeover his lease (more the better). Costs = Remaining months on lease + buy fees + residual + HST Previous guy usually pays lease transfer costs and might leave the security deposit as well. I would assume most of these SUVs are leased and the the customers are rich enough (or business tax write off) that they simply turn over vehicles every 2-3 years

1) Where would I find a trustable broker like this?

2) I really don't want to pay the cost to lease a car, though if there was one coming to a close within the next year I would consider testing it out and then purchasing later on.

[AA0913]

I thought rfd was for consumers but there is a post like this every month!

Ur parents can put u up, not charge rent and guess what, you are embaressed to drive their corolla on weekends


BALLER

[kcorscadden]

My point is, who are you to tell anyone how much they should save and how much they should spend?

Some may say to buy a 5k car instead and save the 25k, others may say to buy a bike and save the entire $30k.
The level of saving and spending is arbitrary for every person. As much as I appreciate your advice to save as much as I can and be practical, I also need to take into account what my threshold is.
Again, this is not a finance thread, I know the consequences of owning a used vehicle. I'm merely asking for advice about buying used cars online and the experience of past owners of a Porsche Cayenne.

I have said this before and I will say again, "I DON'T CARE WHAT YOU DO" If you want to spend $30k on a car, that's your decision. Nobody on this forum gives a rats ***** what you do here. However, when you make a post on this forum seeking opinions, you open yourself to advice and criticism. It's up to you what you want to do with that advice or criticism.

You are in a situation that most 25 yr olds, heck most PEOPLE would envy to be in right now. You have hardly any expenses and you have $50k in the bank. Most ppl don't have the luxury that you have right now and because they don't have that luxury, they don't want to see you squander this money on a vehicle that you don't NEED. You want this Porsche, you DON'T NEED IT..... This vehicle will not improve your life in any way, shape, or form, but again this is not my decision to make.

Why do you want this vehicle to begin with when you have access to 2 Toyota's. If you want to get out from under your parents, that's fine but the fact that they are allowing you to live in THEIR home, I am sure they won't mind you using their vehicles for awhile longer.

[dd']

I don't get why people keep telling the OP what to do with his money when he obviously doesn't give a **** and wants to live with his parents his whole life.

This is the automotive section where we tell him he shouldn't buy that POS because:


He'll look like a toolbag if he isn't a hot soccer mom
2008 makes it a first generation and outdated as hell
He'll spend mega $$ on Porsche maintenance while driving a ****** SUV
A Boxter is more of a Porsche than the Cayenne
He's buying a Porsche for weekend driving and it's an SUV :facepalm:
He thinks the depreciation on this car won't matter because he's going to run it into the ground, not realizing that at it's core the first generation Cayenne is basically a Volkswagen Toureg (engine, chasis, everything) with leather and some fancy options. End of life for a 2008 Cayenne is yesterday.

[xyzzzz]

If you like the chassis get the V6 (or Touraeg), otherwise V8.

[blackdrogon]

I don't get why people keep telling the OP what to do with his money when he obviously doesn't give a **** and wants to live with his parents his whole life.

This is the automotive section where we tell him he shouldn't buy that POS because:


He'll look like a toolbag if he isn't a hot soccer mom
2008 makes it a first generation and outdated as hell
He'll spend mega $$ on Porsche maintenance while driving a ****** SUV
A Boxter is more of a Porsche than the Cayenne
He's buying a Porsche for weekend driving and it's an SUV :facepalm:
He thinks the depreciation on this car won't matter because he's going to run it into the ground, not realizing that at it's core the first generation Cayenne is basically a Volkswagen Toureg (engine, chasis, everything) with leather and some fancy options. End of life for a 2008 Cayenne is yesterday.


I'm not whole heartedly set on the Cayenne. It could be an M3 or a C350 but what I want to know is if anyone has had experience buying on ebay (locally) or autotrader.ca or an equivalent.

[xvizardx]

My budget was 50k. I was hoping that buying a 30k cayenne, i would save about 20k for maintenance.

My current situation is that i have am living at home and my family has two toyota fuel efficient cars that i have access to. I mostly take the transit to work so itll be used on the weekends only.

Im not dead on buying a cayenne but i wanted to make it
Matte black cuz it looks pretty awesome.

You want a very honest statement?

I have 3 friends that drive a Porsche, I am in my late 20s and so are most of my friends and let me tell you something.

Their Porsche is the reason why 3 of them ages 27 to 28 are still living with their parents and probably will until they're in their early 30's.

You currently live at home? The car is cheap $30,000, which is $20,000 less than your budget, which is good, BUT you are buying from e-bay.

Chances are you're saving money NOW, but give it a few months to a couple of years from now until you realize that the $20,000 you saved now is what you will use for maintenance in the next few years.

For instance - Do you know how much a Porsche headlight costs? Porsche parts aren't as easy to get as most cars and definitely not as cheap. I've seen the prices.

Cars are cheap, anyone can buy a luxury car now, but it is the maintenance that will bury you alive and delay you from what you want to do in the future.

You're also looking into an M3 and C350 Coupe? Again, both are affordable for a single man with a decent job, but after you buy the car, all you can do is stare at your money pour out off your pocket and go straight into the car maintenance.

Although, only take what I said into consideration if you don't plan to live with your parents until you're mid 30's and/or if you're raking in "at least" over $60,000 a year.

At the end of the day, it's your money, it's your life, it's your choice. All I can say is be smart and do more research and look into it in a "long-term" financial perspective.

Do you plan to buy a house? When? How much would you need when that time comes? Can you still do it if you go for one of these cars considering their maintenance costs?

Just a few things that you have to keep in mind. Remember, it's pointless to drive an M3 if you're late 20's to 30ish and you still can't say that you live on your own. It's more embarrassing to be driving an expensive and fast car and living with your parents and "broke" aKa "poser" than to be driving an entry level luxury car (C250/C300, IS250/IS350, 323/328, A4/A5) and actually say you manage your finances well and you have your own place.

Nice cars don't attract the type of women you would want to keep after all, trust me. :)

Hope this helps!

[dte227]

My 2 cents...

When I was 24 I had the money to go buy a new 2011 370z nismo. I opted not to and got a used 2006 mitsubishi eclipse for 6k instead. I had a ton more money left over and used it to invest for things down the road. In a few years I'll be able to look at something nice like a corvette or a porshe when I'm more financially stable.

The more money you save now, the more you'll have down the road to get things you enjoy

wow 6k? thats pretty nice. grats

[IMWHFMPC]

You want a very honest statement?

I have 3 friends that drive a Porsche, I am in my late 20s and so are most of my friends and let me tell you something.

Their Porsche is the reason why 3 of them ages 27 to 28 are still living with their parents and probably will until they're in their early 30's.

You currently live at home? The car is cheap $30,000, which is $20,000 less than your budget, which is good, BUT you are buying from e-bay.

Chances are you're saving money NOW, but give it a few months to a couple of years from now until you realize that the $20,000 you saved now is what you will use for maintenance in the next few years.

For instance - Do you know how much a Porsche headlight costs? Porsche parts aren't as easy to get as most cars and definitely not as cheap. I've seen the prices.

Cars are cheap, anyone can buy a luxury car now, but it is the maintenance that will bury you alive and delay you from what you want to do in the future.

You're also looking into an M3 and C350 Coupe? Again, both are affordable for a single man with a decent job, but after you buy the car, all you can do is stare at your money pour out off your pocket and go straight into the car maintenance.

Although, only take what I said into consideration if you don't plan to live with your parents until you're mid 30's and/or if you're raking in "at least" over $60,000 a year.

At the end of the day, it's your money, it's your life, it's your choice. All I can say is be smart and do more research and look into it in a "long-term" financial perspective.

Do you plan to buy a house? When? How much would you need when that time comes? Can you still do it if you go for one of these cars considering their maintenance costs?

Just a few things that you have to keep in mind. Remember, it's pointless to drive an M3 if you're late 20's to 30ish and you still can't say that you live on your own. It's more embarrassing to be driving an expensive and fast car and living with your parents and "broke" aKa "poser" than to be driving an entry level luxury car (C250/C300, IS250/IS350, 323/328, A4/A5) and actually say you manage your finances well and you have your own place.

Nice cars don't attract the type of women you would want to keep after all, trust me. :)

Hope this helps!

Like.

[l69norm]

1) Where would I find a trustable broker like this?

2) I really don't want to pay the cost to lease a car, though if there was one coming to a close within the next year I would consider testing it out and then purchasing later on.

1) Ask around your friends and relatives . You'll be surprised as to who has a dealer license and does car auctions on the side. Also ask where you currently service your family cars

[poedua]

I have said this before and I will say again, "I DON'T CARE WHAT YOU DO" If you want to spend $30k on a car, that's your decision. Nobody on this forum gives a rats ***** what you do here. However, when you make a post on this forum seeking opinions, you open yourself to advice and criticism. It's up to you what you want to do with that advice or criticism.

You are in a situation that most 25 yr olds, heck most PEOPLE would envy to be in right now. You have hardly any expenses and you have $50k in the bank. Most ppl don't have the luxury that you have right now and because they don't have that luxury, they don't want to see you squander this money on a vehicle that you don't NEED. You want this Porsche, you DON'T NEED IT..... This vehicle will not improve your life in any way, shape, or form, but again this is not my decision to make.

Why do you want this vehicle to begin with when you have access to 2 Toyota's. If you want to get out from under your parents, that's fine but the fact that they are allowing you to live in THEIR home, I am sure they won't mind you using their vehicles for awhile longer.

VERY well said !

Couldn't agree more.:D

[poedua]

It's only a depreciating asset if I choose to sell it later, but my plan is to run it to the ground. (over a long period of time)
Gone are the days when banks consider your car as part of your networth.

No, a 2008 Porsche vehicle always is a depreciating asset...it always has a FMV at any point in time.......realized or not.


I have saved my money and I have built wealth. At what point in time do I get to choose to spend it?

This relevant issue is more how you spend it, rather than when you spend it.... IMO.;)

[tsxnation]

-I recommend a 2009 as it is the face lifted gen

-don't worry about bs rfd answers to questions you didn't ask...they are just jealous and it's actually quite funny when threads like these incite such people

-I personally wouldn't buy a cayenne as I don't like it but it is at this age that you will be able to afford a nice car (whatever you decide) because you will probably not see any free money again until you are a lot older. Wonder why the old dudes drive the Porsches?

-maintenance is not bad - a single oil change per year or every 20k at 500$ at the dealer or 100$ at a private garage which is actually less than what Toyota and Honda charges for oil changes over the same mileage. Pads and rotors will be your largest expense but even that is less than 1500 at a private mechanic with oe parts probably after 75k Kms. A mechanic will do all the "inspections" the dealer does at minimal or no cost.

-you seem like a smart kid who has his affairs in order so do what makes your happy. When the kids and wife come along you might be buried in a mortgage and have no money for anything but Hondas and Toyotas.

[oksir]

get a santa fe? cheap and reliable
stop being a poser please.

[aidan24]

eBay has some decent deals. have you researched what you need to do to import the vehicle to CAD?

[matdwyer]

Let's face it, when you're 25 and trying to save every penny so you can get out of your parent's home ASAP ;)so you can buy your own home.....a $15,000 Toyota comes closer to what a 25 ' has to have ' ( i.e basic, cheap & reliable transportation ) ...and not the ' nice to have " that a $30,000 + $20,000 luxury Porsche SUV represents.

It's Toronto - the place where people live with their parents till they get married, then in a few years their parents move in with them. Hell, how many people get a down payment "gifted" to them when they get married - no reason to "save" when you have it coming to you anyway, right? I'm from out of town and moved out the first second I could (at 18) but literally everyone I know from Toronto still lives at home well into their mid 20's.

With that, everyone has to drive sick cars. Everyone. If you don't have a beamer / benz you're not "cool". The Porsche would one up those, so I certainly understand where the guy is coming from. Personally I'm just fine in my own place driving my beater, lol.

And realistically, it's his decision when he wants to move out. A good portion mid-20'ers that are at home are so dependent on their mommy that on their own they fail miserably. If the guy is making 60K then the 30K is only a year "delay" in his plans, and he gets a pretty wicked looking car to jet around with and pick up "bitches".


Cayennes require at least 20K per year in maintenance labour, consumables, and operating costs. Parking costs alone are double because you must occupy at least two spots with a Cayenne. I would suggest looking at beige Toyotas.

LOL at the parking costs.

OP, definitely go to the states and get one through a broker @ auction - as others mentioned, the VW is almost the exact same thing (minus perks) but would be half the price, so if you're looking for more economical check that out.

BTW, stock it is a soccer mom car. Get one matte black and get a black stripe with nice rims and it's a hell of an SUV. Tons of power it in too. Good purchase if you're into that.

[anhtuan]

Hi OP,

been looking at your thread, I think there's a lot of good opinions here, so from my reading, it seems you just want this car to have some fun with right? I went through this phase myself but a bit younger than you, and I still go through it. I think most of the opinion here is pretty good, but you need to sit down and ask yourself, what exactly is this car for? Is it just for cruising around the weekends is there really any reason to purchase it? Do you have a need for it? I just want to know so I can give you some of my opinions.

But here's how I see it right now, the novelty of driving a Porsche will wear off pretty fast, if thats the only reason why you're getting it, I know you said that you have it all planned out in terms of maintenance costs and what not, but is it really worth it to spend like $20K to maintain a car you rarely drive and another $30K to purchase it? I'd rather spend that money on my girl, take her out get her some nice gifts. Unless there is a reason for the car, it might be better just to get a normal brand SUV, Ford/Hyundai/Honda or something for like $30K brand new, since you have the warranty you wont need to worry about repairs, just maintenance which would be a lot cheaper than a Porsche. The cost of the car isn't the problem here, its more the stupid money you basically burn repairing and maintaining the car. Personally I'd rather drive a new Hyundai than a used Porsche. But that's just me, in the end you are the one deciding, but if you came here to get advice, maybe you should take some of it into consideration.

[flyinggonzo]

Make sure the car is CPO'd and comes with a warranty. I found maintenance for the car was still a couple grand a year. If I didn't have the warranty, it would have cost me a lot more as the car was not reliable and the car was in the shop often.

[Georgie336]

Nice ride, I'd go with a X6M personally if I wanted a big 'pretty' suv but they're both nice.

I would say look into getting CPO, I own a bmw and the maintenance bills are started to add up, and I'd be afraid of the cost for parts on something like the cayenne. Do you have a personal mechanic? My best friend is a mech and between him and I we do almost all the work on my cars on his or my driveway and that saves a ton of money. But stupid stuff like xenon bulbs and oem floormats for luxury cars are hella $$$ (300 and 150 respectively). Its more the little insignificant things that add up cost for me. Also, gas is friggin $$$$. Just food for thought.

If you have enough I'd get it! Push comes to shove you can sell it at a marginal loss.

[blackdrogon]

eBay has some decent deals. have you researched what you need to do to import the vehicle to CAD?

i'm not willing to import a car without trying it and have it assessed by a mechanic

[blackdrogon]

Make sure the car is CPO'd and comes with a warranty. I found maintenance for the car was still a couple grand a year. If I didn't have the warranty, it would have cost me a lot more as the car was not reliable and the car was in the shop often.

Do you own one? What year and mileage?

[blackdrogon]

Hi OP,

been looking at your thread, I think there's a lot of good opinions here, so from my reading, it seems you just want this car to have some fun with right? I went through this phase myself but a bit younger than you, and I still go through it. I think most of the opinion here is pretty good, but you need to sit down and ask yourself, what exactly is this car for? Is it just for cruising around the weekends is there really any reason to purchase it? Do you have a need for it? I just want to know so I can give you some of my opinions.

But here's how I see it right now, the novelty of driving a Porsche will wear off pretty fast, if thats the only reason why you're getting it, I know you said that you have it all planned out in terms of maintenance costs and what not, but is it really worth it to spend like $20K to maintain a car you rarely drive and another $30K to purchase it? I'd rather spend that money on my girl, take her out get her some nice gifts. Unless there is a reason for the car, it might be better just to get a normal brand SUV, Ford/Hyundai/Honda or something for like $30K brand new, since you have the warranty you wont need to worry about repairs, just maintenance which would be a lot cheaper than a Porsche. The cost of the car isn't the problem here, its more the stupid money you basically burn repairing and maintaining the car. Personally I'd rather drive a new Hyundai than a used Porsche. But that's just me, in the end you are the one deciding, but if you came here to get advice, maybe you should take some of it into consideration.

I can't really tell you EXACTLY why I need this car but it's basically to get me from Point A to Point B on days where I'm not commuting to work. Plain and simple I love cars, I just like to look of the cayenne in matte black :)

The novelty will NOT wear off for me as I'm not one of those people who will be changing cars every 2-3 years, once I buy something, I typically run it to the ground (computer, shoes, clothes, etc)

I am definitely taking everything into considering, it seems as though maintenance is going to cost me an arm and a leg and I don't think I want to go through the hassle in sending my car into the repair shop frequently. I'm still working on the calculation because I know I won't be driving this car for more than 10km a year so my maintenance would be reduced drastically.

[blackdrogon]

Nice ride, I'd go with a X6M personally if I wanted a big 'pretty' suv but they're both nice.

I would say look into getting CPO, I own a bmw and the maintenance bills are started to add up, and I'd be afraid of the cost for parts on something like the cayenne. Do you have a personal mechanic? My best friend is a mech and between him and I we do almost all the work on my cars on his or my driveway and that saves a ton of money. But stupid stuff like xenon bulbs and oem floormats for luxury cars are hella $$$ (300 and 150 respectively). Its more the little insignificant things that add up cost for me. Also, gas is friggin $$$$. Just food for thought.

If you have enough I'd get it! Push comes to shove you can sell it at a marginal loss.

I did look into an X6M but the price is out of my range.
I'm definitely looking into CPO'd cars.
I don't have a friend that is a mechanic but my brother's friend's dad owns a shop and I recently found a shop that deals with porsches for the fraction of the cost. (good reviews online)

[blackdrogon]

LOL at the parking costs.

OP, definitely go to the states and get one through a broker @ auction - as others mentioned, the VW is almost the exact same thing (minus perks) but would be half the price, so if you're looking for more economical check that out.

BTW, stock it is a soccer mom car. Get one matte black and get a black stripe with nice rims and it's a hell of an SUV. Tons of power it in too. Good purchase if you're into that.

I heard VW's are even more unreliable however the TDI version would save me on the cost of gas.

[oksir]

I dont get why average income kid like you want to drive a cayenne. Does your parent even know you are planning to get this? Is it self esteem issue? You dont need an expensive car to fit in?

Exclusive brands like porsche are for rich people, they buy them brand new. Its a status symbol.

[wisdom_kid]

So what if he wants to buy a used Cayenne? What does that have to do with fitting in? Its his "dream car" and he wants to purchase it, there is nothing wrong with that. It would be stupid if he didnt have the money and was planning on buying it, but he can afford it. I dont get why all of you need to tell him how to spend his money. People on this forum are so bad when it comes to advice, I remeber when i made a thread asking what car i should get (accord/mazda6) and everyone was telling me to get a v8 mustang lol.

[JuNGleR72]

Why not just buy a cheaper new car and use the rest of the money on something that will make you money like a downpayment for a house or condo.

[oksir]

actually, for $30k, get a new golf gti. Its pretty lux on the inside, and pretty fast. Or golf R if u want AWD and more HP.
Just go to the dealer and test drive cars (cayenne, boxster, s4, 335i, w/e), the cayenne will feel slow after you drive sport coupes, the feeling is just different, and im confident to say that 9.9/10 younger people will perfer a sports car then a sluggish suv.

[iownyou]

Ppl are so traditional these days.... All these talks about asset allocation and investment..... Why don't you guys spend more time thinking about ways to make more money! By that I mean getting a better job to afford a cayenne

[fallengod]

I heard VW's are even more unreliable however the TDI version would save me on the cost of gas.

you do know VW and Porsche is the same company now... all the cars in the VW group share design and in some cases... even parts (more so with vw and audi but even Lamborghini share parts with Audi now....)

[ehsu]

If you really want to get it (which I don't recommend), at least make sure the Porsche has a manual transmission. :D

http://www.autotrader.ca/a/Porsche/Cayenne/TORONTO/Ontario/5_13865051_ON20070924093533494/

http://ps1.cdnmedia.autotrader.ca/7/ppgphotos/2012/04/30/ON20070924093533494/ON20070924093533494_9b3959505a3f49e8ba1abc6a735a35 df12-orig.jpg?w=800&h=600

[JustAPilot]

You guys are going to rag on the OP when there are 2 threads on here about buying Audi's and BMW not to mention most of RFD is in there 20's to early 30's driving 335is and is250's lol. If it makes you happy and you have the finances then why not, every morning I get up happy to drive my car. Though it's not a Porsche I figure what fun is it when your older and have to stick a baby seat in the back, at that point I won't care if it's a Honda or Kia.

[spike1128]

Wow thats a pretty nice one, I didnt know they were that cheap for an 08, it looks loaded.

For this though I wouldnt get a manual, its like an SUV/station wagon, get the auto.

Why does the floor mat look like cheap floor mats that have a lot and a lot of dirty on it? Looks like the previous owner didn't take good care of it...

Yes, SUV/station wagon, Cayenne 1st gen get the auto. Cayenne 2nd gen can get a manual, because it's much lighter than the 1st gen and also lower than 1st gen.

[rileywai]

prepare to pay for the gas bills~~

[Gunnerheadboy]

I say go for it, OP.

[starboy869]

prepare to pay for the gas bills~~

It really not that much more if you think about it. Regular is 1.20 and 91 is 1.31

On 65L it would be $78 for 87 and $85 for 91. I doubt the extra $6 or so per fill up isn't going to hurt him/her in the pocket book.

[kenchar]

The other alternatives:
1) hire a broker to acquire your car from the dealer only auctions (Adesa or Manhiem) where Porsche Financial Services sells off thier lease returns. Again, you might find low miles and still under warranty. You'll pay wholesale + broker fees +HST

2) Look on Leasebusters and takeover a low mileage lease. Drive the car for a while - if a lemon, return car at end of lease. If the car is OK, buy out the lease. Again, look for to make sure you'll have enough mileage for the remainder of the lease, warranty still valid and check to see how much the previous guy will pay you to takeover his lease (more the better). Costs = Remaining months on lease + buy fees + residual + HST Previous guy usually pays lease transfer costs and might leave the security deposit as well. I would assume most of these SUVs are leased and the the customers are rich enough (or business tax write off) that they simply turn over vehicles every 2-3 years

This is excellent advice. In your area there may be a smaller independant Shop already importing etc. Pay them to find and bring it in.

If you want to wreck the vehicle do the matte black thing, just make sure you have it wrapped and not painted. That way you can still sell it when you need the $$$ for something else. If it is your dream car then do it. It will never be as easy to do as it is now while living with the folks etc. Oh ya, if you do the matte black thing expect to get pulled over when ever you take it out. Buy boring silver or white...way less heat!

[poedua]

Seriously too much financial advice.

Not enough CAR advice.

The guy asked what Porsche, that means recommended dealer, what trim level, the 6cyl or the 8cyl if they even offer two engines I don't know, but insight on the car.

Not buy a used Ford Focus and drive that and save your money until you are 85 LOL.

Well, if someone got a decent amount of the former ( financial advice ), then it might have an impact on the latter ( CAR advice ) IMO....after all, there are financial implications to ALL vehicle purchases...including opportunity costs IMO.

I mean, if you got a bunch of financial advisers together and asked how to best make use of $50,000 ( in order to build wealth, save money etc. ) - i.e drop $50,000 on a used luxury SUV, drop $10,00 on less expensive used vehicle and invest the remaining $40,000, buy a new vehicle for $25,000 and invest the remaining $25,000 etc. etc. - I suspect the emphasis placed on a vehicle purchase may not come to the forefront.

Ironically, it's the motivation of how to make the " best use of one's money " that motivates many people to live at home with their parents in the first place. That said, perhaps in exchange for living at home with one's folks, one way is to ' pay it forward ' is to assume ownership of your parent's Toyota and buy your parents a Porsche instead.;)....:lol::lol:

[oneezy]

I say go for it, OP.

+1 Don't worry about the haters

[The_Professor]

+1 Don't worry about the haters

+2

If I had that kind of coin to blow I'd certainly consider the Cayenne. Go for it OP and don't look back (except in your rearview mirror which is where all the haters will be).

[AA0913]

Seriously too much financial advice.

Not enough CAR advice.



dude wants something to pose around in and look pretty. basically something with a nice badge and bling rims so he can "get looks".

what part of 'car' did you want to advise him about?

[Regin8r]

I lived at home at 25 and bought a 330 convertible financed over 5 years. Out the door (not even including interest costs), it was about $60k. While probably not the greatest investment of my life, I enjoyed it in my late 20's and still have the car today. Actually truth be told, in the summer I still enjoy the heck out of it. I love cars, and actually when it was unveiled in 2000, it was my dream car right from the get go. My son is just over 2, and he actually wants to ride in my car now instead of the wife's much newer and fancier Audi Q7.

If I had a time machine and could go back to when I was 25, I would tell myself to do it again because I would not be able to do that now with a family, mortgage, bills. Cars just seem like a much lower priority when you get older. When I did consider trading it in, I was looking for Accords, Camry's and Prius V's.
I'm hoping I can keep it running indefinitely since it's not really worth it to sell giving it's trade in value. Plus I still get compliments on how cool that car is, even at 11 years old and reaching "beater" status.

Get whatever you want OP. It's your money and your life.

The Q7 is the sibling to the Cayenne. Drives great, but stay on top of your maintenance. We're averaging about $1k per year since warranty ran out (not including gas).

[macnut]

I already have my tfsa maxed and starting my rrsps for a first time home buyers plan.

I haven't read all this thread, but there seems to be some naievity in personal financial matters.

Starting a Registered Retirement Savings Plan and then cashing it in when you are in a higher tax bracket in order to buy your first home doesn't make a lot of sense.

Even if Harper introduced something like Obama's Stimulus Bill with a $8K credit to first time home buyers.

RRSP's can be used in innovative ways, but buying your first home with one is not among them.

Just like buying a late-model Cayenne through eBay or AutoTrader with free planning advice from RFD members. If you have a sound financial footing, you do it properly - not this way.

[flyinggonzo]

Do you own one? What year and mileage?

We had a V8 Touareg. Wifey wanted the Cayenne, but I didn't want a Porsche and we preferred the look of the VW. Mechanically the cars are very very similar as VW did most of the engineering work, and now the two companies have merged. I believe the reliability records of the two cars is similar.

The car was a POS. Had 75,000km when we bought it. We drove it 25,000km over three years and I'd say by the last year we thought it was a crap shoot whether it would start when we needed it. Maintenance was very expensive because the car had electronic sensor ups and down the ying yang (this is what will kill you). At the age of the car you are looking at, those sensors will start going and you'll start getting error messages which means there's either a problem with the car OR the sensor. Working on the car is expensive - we replace the battery and it cost a few hundred dollar because they had to remove the passenger seat to get at the battery. Really?! On any other car replacing a battery would take 15 minutes... Your car might have better reliability, but I still wouldn't touch the platform without an after-market warranty. I think we paid $2k for that warranty and VW pickedup $10k to $15k of warranty work and I was still out $1to$2k per year on general maintenance plus the PITA of getting the car to the shop and back. Coupled with $120 fill-ups and poor fuel economy, we finally decided to get rid of it.

That said, the car drove *great* when it worked. Very stable at speed, very solid and safe. Quality materials used inside and out - the car felt like it was carved from granite. For comparison we have a Murano and I'll be getting rid of it soon. It's reliable but the chassis feels like it was put together with rubber bands as you can feel the car flexing when going into a corner. Throughout the car feels very cheap in comparison, no power but similar gas mileage, etc... And, our insurance went UP when we switched into the Murano despite costing a lot less because the Touareg was so much safer.

[SkeptiKal12]

Guy asked for advice on the Cayenne... Not how he should plan his retirement.

If you got the money, go for it. Although I would wait it out and try and grab one of the newer redesigned (2011+) Cayennes that has a warranty. Much improved in styling and tech over the previous generation. The V6 is plenty.

Porsche (new or old) at 25 sounds like fun to me. There are better places to ask for specific model advice than RFD - where every discussion gets routed to the personal finance section, one way or another.

[rngun]

Do some research on the HBP (home buyer's plan). You can withdraw up to $20,000 in RRSPs (or more, I don't remember) tax free and interest free for the next 15 yrs to purchase your FIRST home.



I haven't read all this thread, but there seems to be some naievity in personal financial matters.

Starting a Registered Retirement Savings Plan and then cashing it in when you are in a higher tax bracket in order to buy your first home doesn't make a lot of sense.

Even if Harper introduced something like Obama's Stimulus Bill with a $8K credit to first time home buyers.

RRSP's can be used in innovative ways, but buying your first home with one is not among them.

Just like buying a late-model Cayenne through eBay or AutoTrader with free planning advice from RFD members. If you have a sound financial footing, you do it properly - not this way.

[loctcs]

Hey rfders,

Im about to purchase my very first car and wanted some advice. I want to buy a 2008+, porsche cayenne with no more than 80km at a price range of 30-35k.

1) For those who've owned one, have there been any major problems? Is maintenance really expensive? What are the cons of the car?

2) What should i be looking out for in an ad so that the deal is legit?

3) What are some dos and donts or red flags i should know about in purchasing a used car online?

Thx in advance!

My wife drives a 2006 Cayenne. We bought it at Pfaff in 2009 for $42K (Prices from other places were ranged from $32K to $38K). It has 30K on it with most of the options and the cond. was mint. It was Porsche Pre-Owned Certified and the extended warranty was just expired in April this year. To answer your questions.

1) No major problems but enough minor problems ( headlights (2), cornering lights (2), door won't close properly, numerous warning signs on the dashboard
and etc.) All is fixed under warranty.
Every 15K/1 year....oil/filter change cost about $350-400
Every 30K/2 year....oil/filter change and maintenance check cost about $1500 (They check everything and will fix everything that is under warranty)
It will cost you more for the gas (high octane 91). The basic model is not too bad but not enough power in my opinion. Any models above don't just
use gas, it swallows gas.
2) Get a car proof to make sure there wasn't any major accident and get all the maintenance records. One thing to keep in mind, the extended warranty
is only transferable from owner to owner or Porsche dealership to owner.
3) Do your homework. When it looks too good to be true, it usually is.

I'm not here to judge if you should buy or not. The following is my advice if you decide to buy

1) Overall the car is 7/10, it would have been a 9/10 if there were less minor problems ( I heard that the 2008 and up are better)
2) Try to look for one that has extended warranty. Porsche has one of the best warranty out there.
3) It's chick magnet

Good Luck!

[hagbard]

Didn't even know this car existed till this post. Googled it, looks pretty damn fugly, imo. Put your money into PMs, you can thank me later. :D

[poedua]

Didn't even know this car existed till this post. Googled it, looks pretty damn fugly, imo. Put your money into PMs, you can thank me later. :D

That's an understatement.;)

[hellracer]

FYI replacing the the front light assembly cost 1000$ for each side. I suggest you read this, it come handy when buying a car.

http://en.wikipedia.org/wiki/Whole-life_cost

you should buy this car only if you can make more 120K a year. Even if you have a nice car, if you are living at home you wont get chicks. You need both so its better idea to start to buy a home for yourself first.Its called good sens.

[bny768]

can moderator moderate the thread? The guy wants to buy whatever he wants to buy. His question is about the car's reliability, not how he should spend his money. Actually I want to get one too, but reading 4 pages and not much on reliability which is topic of the thread.

[mingyang]

Cayenne is pretty ugly imo.

get Macan 2013, baller status will be achieved.

since everyone is going off topic, might as well lol

[golden]

There is a reason why these used cars are cheap (relatively) as the maintenance costs an arm and a leg, especially after the warranty expires.

Absolutely agree with the other poster, a nice car alone without your own place is useless...

[poedua]

FYI replacing the the front light assembly cost 1000$ for each side. I suggest you read this, it come handy when buying a car.

http://en.wikipedia.org/wiki/Whole-life_cost

you should buy this car only if you can make more 120K a year. Even if you have a nice car, if you are living at home you wont get chicks. You need both so its better idea to start to buy a home for yourself first.Its called good sens.

That's funny ! :lol::lol:

NOBODY would buy a vehicle because - in part - they REALLY think it will help them " get chicks " .:rolleyes:

[HaelRyan]

If buying privately, also make sure to do a lien check to make sure someone isn't owed some money on it. Heard a few horror stories about people buying cars privately that have liens and then car is taken away, when lender comes looking for his money and you are out the cash even though you paid in full for it.

[cool canuck]

2003-2004 Porsche Cayenne's are widely considered to be lemons. 2005-2006 had numerous problems including failing plastic cooling pipes (vs aluminum) and faulty ignition coils. 2008-2010 I believe are turning out to be better vehicles, although it may be a factor of time that they haven't had as many problems. 2011 However, in terms of the legendary Porsche reliability, the Cayenne does very poorly since it really is just a re-badged VW Touareg. Keep in mind that base Cayenne's are poorly equiped - HID is an option, navigation is poor and woefully out of date, and ipod integration is terrible - the Cayenne uses the fibre-optic MOST wiring which makes changing the head unit, speakers or adding ipod integration a difficult and expensive proposition due to incompatibilities with most other standard audio setups. Fill ups will be around $100, oil changes $300, any regular maintenance visit (think standard fluid changes) will be over $1000 and there are only 2 dealers in Toronto to choose from - Pfaff and Downtown. If you want to DIY, i believe parts are impossible to come by at a decent price in Canada so there's no benefit to DIY. Figure depreciation in the range of about $8,000 in the first year for a 2008 going down after that depending on the mileage. Lots of good information from other Cayenne owners at http://forums.rennlist.com/. You could certainly pose your question there, however you'll probably get the same type of responses as you're getting here.

I drove a used luxury vehicle when I was in university however it was much older, much cheaper, ridiculously reliable and I kept it for many years. A Cayenne would be a money pit in comparison. I think you would be much better off with a Toyota FJ Cruiser in my opinion.

[xvizardx]

I say let the OP do what he wants.

1. Be a poser.
2. Act like he's some big shot young dude hiding behind Porsche wheels, but reality check = empty wallet + living with parents for another decade.

It attracts women, they would look and talk to him, but as soon as they sniff the truth.. bam! ciao poser! back to zero and you're stuck with your righty and empty wallet in your parents' basement.

[poedua]

I say let the OP do what he wants.

1. Be a poser.
2. Act like he's some big shot young dude hiding behind Porsche wheels, but reality check = empty wallet + living with parents for another decade.

It attracts women, they would look and talk to him, but as soon as they sniff the truth.. bam! ciao poser! back to zero and you're stuck with your righty and empty wallet in your parents' basement.

GREAT post ! :D

[vaderschariot]

This thread reeks of haters who moved out, didnt have enough fun and now can't afford to have fun. Whether it is good idea or not "living the dream" once/twice never hurts, life is short.

Not everyone wants to be house poor/comfortable, have kids and fight with a wife because "its the right thing to do"

Maybe he enjoys single, at home, prostitution, recreational drug use and luxury goods :D

[l69norm]

How is the op a poser or loser?

At 25, he has enough of his own cash to afford a $50k car budget and in another 2 years he is going to have at least another $50k of his own cash to use as a down payment on a house.

I don't know many 30 year olds that are in that financial shape. Most guys i are know are paycheck to paycheck.

[wisdom_kid]

I am pretty sure if OP made a thread saying if he should buy a 5mill house or not, the same ppl would be telling him to buy a 1mill house and save the rest for retirement. The same ppl would call him a loser/poser.

/thread

[yao416]

Haters gonna hate

My buddy has a Cayenne. Go for it

[nickscott]

my very first car... a 2008+, porsche cayenne

Here's some advice: Buy something a little less opulent.

Unless you're swimming in case think about the 5-year ownership. Do you plan on having kids, buying a house? How much does a flat tire cost? How much does new suspension cost?

I'm sure it's a nice car, but think about the ridiculous costs associated with owning such a vehicle.

If you have done the math and you can afford it, good for you. I hope you enjoy the car.

[blakjak]

How is the op a poser or loser?

At 25, he has enough of his own cash to afford a $50k car budget and in another 2 years he is going to have at least another $50k of his own cash to use as a down payment on a house.

I don't know many 30 year olds that are in that financial shape. Most guys i are know are paycheck to paycheck.

I agree. OP seems to have a good head on his shoulders and has planned for his future very well. Financially, he is way ahead of the pack, especially at 25 years old. It sounds like he has no debts and buying this car will not create any debt as he has the cash to buy it outright. Worst case scenario is that he sells the car if it's not what he expected and he will still recoup a good chunk of what he paid for it.

OP, you seem to have everything under control and you seem to be smarter with your finances than most people here (myself included). You are the best judge of what you should do with your savings and what contigency plan you are able to put in place should this not work out for you as you planned it.

[poedua]

How is the op a poser or loser?

At 25, he has enough of his own cash to afford a $50k car budget and in another 2 years he is going to have at least another $50k of his own cash to use as a down payment on a house.

I don't know many 30 year olds that are in that financial shape. Most guys i are know are paycheck to paycheck.

Since you asked......because when you are 25 and have never left home to live on your own and everything you have in life financially speaking is a direct result of your ' mommy and daddy's achingly blatant generosity, it makes absolutely no rational ( from a prudent money management / wealth building point of view ) and or moral sense to allocate $50,000 on a USED VEHICLE.... at least IMO.

I guess it really gets down to ' wants ' ( usually dominated by emotional and irrational motives ) vs ' needs ' ( usually dominated by practical and rational motives ).

And clearly, allocating $50,000 for the impending purchase of a used Porsche Cayenne - only to be used on week-ends mind you - by someone who is 25 and still living at home and still saving for a down payment on a home represents a ' want ' and nothing else - it's simply a decision dominated mostly by emotional and irrational motives IMO. That's fine...if someone want of buy it for those reasons ...it's their prerogative.......just as if someone is still living at home and has enough cash to buy a used Lamborghini...fine ...if you ' want it ' ...then buy it. Fair enough.:)

But, let's not couch the use of $50,000 toward the impending purchase of a used Porsche Cayenne as anything more than satisfying a ' want '. In other words, let's not have anyone try and justify this purchase on the basis that it makes some sort of financial sense - as it clearly doesn't. Cause there isn't a savvy financial planner on the planet would endorse this sort of purchase to satisfy the ' need ' of a 25 year old single who is living at home, while saving for house and is in need of a vehicle....for use only on weekends. :rolleyes:

[mucat]

I don't even understand why a young male adult or any male adult wants to buy a Porsche SUV.

Want to buy a Porsche, I understand, everyone wants one. But a Porsche SUV? I scratch my head and bang it on the table at the same time.

[ElvaSoShexai]

i bought my first car < $10k @ 22, blew almost $30k in mods on my car (because working while in school you usually end up with 0 income tax which makes you feel rich :lol:), and never looked back.

car buying is more emotional than logical... sometimes you just gotta do it even if it doesn't make financial sense... just like that episode of dragon's den where the guy's invested in the canadian exotic car company in montreal... it didn't make financial sense, and they admitted it was because they loved cars.

anyway, my advise on buying the car, because i did it before, is that if your looking @ ebay usa or autotrader usa, also look @ cars.com

i bought my first car on cars.com... 7yr old used car from a used car dealer in florida. i looked up as much as i could of the dealer (bbb, reviews on google, contact info, etc).. the dealer turned out fine. i never saw the car except for high res photos, but had it inspected @ a dealership for that make, then i arranged for shipping to toronto. Did everything over phone/fax/mail/email and everything turned out fine.

i must've been really lucky with that car and the buying experience. When i got it, and had my own mechanic take a look, the car was MINT inside/out/mechanically.

i only drove the car on weekends... between may and nov... and only if the weather was nice. keep in mind storing your car for long periods doesn't mean you save on maintenance. it may actually mean you spend more, because at this point, maintenance isn't based on mileage, but on time. i changed my synth oil about once every 3 months (coming out of storage, mid season, and just before storing it... probably overkill)... other maintenance i based on time as well... so every year i end up spending a few hundred.

i think you should start looking around for a good, reliable, independant porsche mechanic in your area. that'll keep costs down. also, once u move out in a 2 years, are you willing to use the porsche as your daily driver, or u'd keep it as a wkend car and get a dd? that makes a huge diff.

one thing to consider is the cost of tires. it's an expense almost once every 5 years since tires expire, but is quite costly. everyone seems to love huge rims these days, but i can't get myself to go anything larger than 17", because after that, any decent set of tires just seems $$$... especially if you need a set for summer and winter...

but yea... imo, if ur getting the car for urself because u love cars, and this is something u want, get it and don't look back (although i would be more inclined to get a sports coupe, but that's just me)... since it seems u've somewhat planned for the future already (downpayment 1-2 yrs later, large chunk of money the car/maintenance), u won't regret it once ur situation/priority changes (family/own place/expenses) and u can't get ur dream car for another 10-20 yrs

[poedua]

I don't even understand why a young male adult or any male adult wants to buy a Porsche SUV.

In the vast majority of cases IMO ?

Ego.

[xvizardx]

In the vast majority of cases IMO ?

Ego.

Was in that shoe.

Bought my first Lexus IS 250 in my early 20s, brand new.

I wanted to attract women, I wanted to "wow" everyone and make them think that I'm balling.

"A young dude driving a Lexus, WOW!, he must be loaded!"

In the end, I lived with parents. (I was embarassed in the inside)

Paid that car off, moved out in mid 20s (bought a closet size condo which is all I need, 2 yrs later, still have the Lexus which is now 4 yrs old and still single and still working, zero debts (except mortgage), currently leasing to own benz C350 coupe as my 2nd car.

If the OP is in his mid 20s and is still at the stage of "saving up" for his own place, whoever said he's ahead of the game has no idea what the heck he's talking about.

You get your own place "usually" as soon as you're done school or in most cases in Canada, early 20s. He's already in mid 20's going to late 20's. Is he still ahead of the game or just not really being "smart" and wants to "front" to "wow" people?

If you have $50,000 dollars, would you "invest" that money on a depreciating asset or an appreciating asset "IF" you are smart?

[ta66]

op -

If you want to get it get it , no need to listen to the haters on here like others have said. My first car was a jetta, @ 20 I bought a vette and guess what .........everyone was calling me a idiot , moron blah blah blah...F**K em. They were all jealous because they were still driving $5000 junkers. If you can afford it get it if that's what you want.

And there is no way that it will cost you $20 grand in maintenance.

My opinion of them (I had the turbo and the base)

- Both ride nice and are comfortable
- Parts and labor can be expensive (as with any German car )
- Don't take them off-roading (did it and it wasn't a good idea)
- I had less issues with the Turbo then I did with the base 1 believe it or not

Would I get 1 again ? only if I could find a theft recovery for a decent price (both were recovered)

[Gunnerheadboy]

i bought my first car < $10k @ 22, blew almost $30k in mods on my car (because working while in school you usually end up with 0 income tax which makes you feel rich :lol:), and never looked back.

car buying is more emotional than logical... sometimes you just gotta do it even if it doesn't make financial sense... just like that episode of dragon's den where the guy's invested in the canadian exotic car company in montreal... it didn't make financial sense, and they admitted it was because they loved cars.

anyway, my advise on buying the car, because i did it before, is that if your looking @ ebay usa or autotrader usa, also look @ cars.com

i bought my first car on cars.com... 7yr old used car from a used car dealer in florida. i looked up as much as i could of the dealer (bbb, reviews on google, contact info, etc).. the dealer turned out fine. i never saw the car except for high res photos, but had it inspected @ a dealership for that make, then i arranged for shipping to toronto. Did everything over phone/fax/mail/email and everything turned out fine.

i must've been really lucky with that car and the buying experience. When i got it, and had my own mechanic take a look, the car was MINT inside/out/mechanically.

i only drove the car on weekends... between may and nov... and only if the weather was nice. keep in mind storing your car for long periods doesn't mean you save on maintenance. it may actually mean you spend more, because at this point, maintenance isn't based on mileage, but on time. i changed my synth oil about once every 3 months (coming out of storage, mid season, and just before storing it... probably overkill)... other maintenance i based on time as well... so every year i end up spending a few hundred.

i think you should start looking around for a good, reliable, independant porsche mechanic in your area. that'll keep costs down. also, once u move out in a 2 years, are you willing to use the porsche as your daily driver, or u'd keep it as a wkend car and get a dd? that makes a huge diff.

one thing to consider is the cost of tires. it's an expense almost once every 5 years since tires expire, but is quite costly. everyone seems to love huge rims these days, but i can't get myself to go anything larger than 17", because after that, any decent set of tires just seems $$$... especially if you need a set for summer and winter...

but yea... imo, if ur getting the car for urself because u love cars, and this is something u want, get it and don't look back (although i would be more inclined to get a sports coupe, but that's just me)... since it seems u've somewhat planned for the future already (downpayment 1-2 yrs later, large chunk of money the car/maintenance), u won't regret it once ur situation/priority changes (family/own place/expenses) and u can't get ur dream car for another 10-20 yrs

One of the few responses that actually adderssed the OP well :lol:

[jdmkidd]

Not sure why people are sweating the OP, his money he just wants some advice. :|

[BluePhirePB]

Has OP even replied to this thread recently?

[l69norm]

....

So because the op doesn't share your financial opinion/values, this gives you the right to call him a "poser" and "loser"?

[jceezy23]

I agree to most of these posters when they say it's foolish to spend 30K for a porsche caynne for a weekend ride, bottom line, it's the OP's money...


With that said, why not contact your local Porsche dealership and speak with their service department. That's what I did when I puchased my Highlander Hybrid. You will get honest answers from their mechanics. Websites like Edmonds.com is also a reliable source , IMO

Another thing to look for is when the price is too good to be true, it usually is.. If it's price to sell or they are looking to get to get rid of it because they need the money, I would stay away...

Hope this helps..

[blainehamilton]

Has OP even replied to this thread recently?



No. Trollio got his fix.

But he will be back.

Most likely as a different member.



Crazy to buy a 5 year old european import luxury suv for $30k. In another 5 years it's worth 10k at most, and you have likely dumped another 5-10k in maintenance into it.

[poedua]

So because the op doesn't share your financial opinion/values, this gives you the right to call him a "poser" and "loser"?

Actually, l69norm used those terms ...not me.

[l69norm]

Actually, l69norm used those terms ...not me.

So then you agree that the op is *not* a poser or loser?

[blainehamilton]

So then you agree that the op is *not* a poser or loser?


Living at home at 25 and driving his parent's vehicles? The label 'loser' is applied differently in varied cultures, but he fits the bill if you ask me...

[poedua]

So then you agree that the op is *not* a poser or loser?

I certainly don't think he is....but I can see how others possibly might...which prompted my reply to you when you used those 2 terms above..

I simply think this purchase represents a very poor and not very well thought out financial decision ....and nothing more. It's just a typical financial mistake you see a lot of kids who stay at home living with their parent make...it's not really uncommon at all IMO..

But frankly, there are tons of people who've made much worse financial decisions who aren't ( those 2 terms ) either.

[mucat]

So then you agree that the op is *not* a poser or loser?

Yes, We can all agree OP is genuinely, de facto, classic case of successful.

[poedua]

Yes, We can all agree OP is genuinely, de facto, classic case of successful.

Ouch ! :eek: :lol::lol:

[iHop]

If you get the previous gen Cayenne (03-10), you will look like a budget baller because the new ones are out. There are so many budget baller 20-30 year olds right now in their previous gen A8s,S500s,and 745s that think they are the bees knees.

[nick227]

If you get the previous gen Cayenne (03-10), you will look like a budget baller because the new ones are out. There are so many budget baller 20-30 year olds right now in their previous gen A8s,S500s,and 745s that think they are the bees knees.

Except 90%+ of the population doesnt know the difference and thinks its new :lol: .

Plus you could still be a caller with an old model, ie a guy driving a 2011 M6/6 series or M5, its an "old model"/ previous gen but its still worth a nice chunk of change.

[iHop]

Except 90%+ of the population doesnt know the difference and thinks its new :lol: .

Plus you could still be a caller with an old model, ie a guy driving a 2011 M6/6 series or M5, its an "old model"/ previous gen but its still worth a nice chunk of change.

I could look like "that guy" with a 2006 M5 low-mileage for sub $30k USD. But I think the E60 M5 is almost up there with the Cayenne in ugliness.

[Garyy]

I could look like "that guy" with a 2006 M5 low-mileage for sub $30k USD. But I think the E60 M5 is almost up there with the Cayenne in ugliness.

not sure if serious?

http://i44.tinypic.com/2m6o7ds.jpg

[nick227]

I could look like "that guy" with a 2006 M5 low-mileage for sub $30k USD. But I think the E60 M5 is almost up there with the Cayenne in ugliness.

Yeah you could and everyone would think you were a baller still lol, what I'm saying is that the guy with 2011 is still a real baller

[iHop]

not sure if serious?

http://i44.tinypic.com/2m6o7ds.jpg

Which part do you not believe me? $29k for a 06 M5 - http://cgi.ebay.com/ebaymotors/2006-BMW-M-5-SEDAN-BLACK-GRAY-FL-CAR-SERVICED-NICE-/200776894720?pt=US_Cars_Trucks&hash=item2ebf3c4900 OR the E60 being an extremely ugly BMW?

[Garyy]

the E60 being an extremely ugly BMW?

that. i guess everyone has different tastes. i love the looks of this car, looking to get one myself within a year or two

[Task514]

OP should've just left out the words "my very first".:facepalm:

[Sniper001]

You want a very honest statement?

I have 3 friends that drive a Porsche, I am in my late 20s and so are most of my friends and let me tell you something.

Their Porsche is the reason why 3 of them ages 27 to 28 are still living with their parents and probably will until they're in their early 30's.

You currently live at home? The car is cheap $30,000, which is $20,000 less than your budget, which is good, BUT you are buying from e-bay.

Chances are you're saving money NOW, but give it a few months to a couple of years from now until you realize that the $20,000 you saved now is what you will use for maintenance in the next few years.

For instance - Do you know how much a Porsche headlight costs? Porsche parts aren't as easy to get as most cars and definitely not as cheap. I've seen the prices.

Cars are cheap, anyone can buy a luxury car now, but it is the maintenance that will bury you alive and delay you from what you want to do in the future.

You're also looking into an M3 and C350 Coupe? Again, both are affordable for a single man with a decent job, but after you buy the car, all you can do is stare at your money pour out off your pocket and go straight into the car maintenance.

Although, only take what I said into consideration if you don't plan to live with your parents until you're mid 30's and/or if you're raking in "at least" over $60,000 a year.

At the end of the day, it's your money, it's your life, it's your choice. All I can say is be smart and do more research and look into it in a "long-term" financial perspective.

Do you plan to buy a house? When? How much would you need when that time comes? Can you still do it if you go for one of these cars considering their maintenance costs?

Just a few things that you have to keep in mind. Remember, it's pointless to drive an M3 if you're late 20's to 30ish and you still can't say that you live on your own. It's more embarrassing to be driving an expensive and fast car and living with your parents and "broke" aKa "poser" than to be driving an entry level luxury car (C250/C300, IS250/IS350, 323/328, A4/A5) and actually say you manage your finances well and you have your own place.

Nice cars don't attract the type of women you would want to keep after all, trust me. :)

Hope this helps!

+1. OP, why get a used Porsche when you can get a fairly new C300, IS 250, 323/328, or A4? Get an entry level luxury car.. the first two are more reliable than the latter two and are slightly cheaper on parts so I'd go with one of those.
And for those citing that the OP is buying a car to "impress" friends, I have one thing to say: I'd be more impressed by a 2010 C300/IS 250 than a 2006 Cayenne. Both cars are roughly the same prices, but I'd consider the person who bought the Cayenne to be an idiot. That car is a pig on gas and the maintenance will eat your wallet. I'm not saying to be frugal and not enjoy your 20's, but compromise.

[blackdrogon]

Whoa i didnt realize this thread kept going!

Anyways, i could careless about peoples financial advice about a car. If i make btw 50-70k a year since i graduated at 21, you can do the math and see how much ive saved.

So ive decided to buy a mercedes c300. Found a 2009 56k kms at $19,000. Much more fuel efficient car than the cayenne. Ill def be taking the advice about the cars. Thank you!

For the posters who stated theyve had experience buying from the states, where did you find the cars and dealers?

[poedua]

Whoa i didnt realize this thread kept going!

Anyways, i could careless about peoples financial advice about a car. If i make btw 50-70k a year since i graduated at 21, you can do the math and see how much ive saved.

If you live at home with your parents and don't pay room & board - you're right - I'd bet you could probably save a TON of money at that salary over 5 years.

No question.


So ive decided to buy a mercedes c300. Found a 2009 56k kms at $19,000. Much more fuel efficient car than the cayenne. Ill def be taking the advice about the cars. Thank you!

Well done....spending $19,000 is much better than dropping $50,000 on a vehicle as you first had in mind. Smart move.:D

[Gunnerheadboy]

You're loss OP.

[oksir]

c300 sucks.

[kamilio]

You went from a Porsche to a C300??? Dude be a baller and go cop your ride - these hatas just jelly that they ain't ballin like you. Tell them to eat a you know what.

[hagbard]

that. i guess everyone has different tastes. i love the looks of this car, looking to get one myself within a year or two

Don't know, its got that Chrysler 300 look. If I were over 70, I'd probably love it.

[maxime2421]

Nice information all of you given. Thanks for that. To buy this just check the engine carefully. Have a nice day. Cheers.

[mucat]

Don't know, its got that Chrysler 300 look. If I were over 70, I'd probably love it.

2012 BMW M5 vs Nissan GT-R: Driven & Drifted - CHRIS HARRIS ON CARS

http://www.youtube.com/watch?v=K8jLbyNloCg

Beautiful...

[appleb]

While going with a 19k mercedes is somewhat better, it doesn't change the fact that the Cayenne was a horrible idea to begin with.

I have a nagging suspicion that parents will be covering down payment for the house too.

[starboy869]

While going with a 19k mercedes is somewhat better, it doesn't change the fact that the Cayenne was a horrible idea to begin with.

I have a nagging suspicion that parents will be covering down payment for the house too.

Who effin cares about his parents covering the down payment of a house if he choose to buy one? How about a cup of shut the ***** up on his finances and buying a house.

[mmretlol]

Troll thread? Is this the same guy who bought a 335i for his first car to use in college, something that "wouldn't be a flashy rich kid car that his parents bought" ?

Either way, this shouldn't be a thread about financial advice. If he wants to spend his money in a very-likely-unwise fashion, let him. Whatever.

OP: all I can say is make very, very sure that it is checked by a trusted mechanic and that all maintenance was done (ie: receipts or dealer service records), and that only premium gasoline was used.
Then, prepare yourself for $500 oil changes and the occasional $5k repair bill. Oh, and tires probably cost a fortune too. Enjoy.

EDIT: didn't see you picked a C300. That's a reasonable choice although I am suspicious about the price being so low.

[tsxnation]

Lol at the forum parents. Friggen haters. Stems from nothing but jealousy otherwise they wouldn't bother to advise on topics where no advice was sought. The delusional ones might even consider their meddling to be some sort of public service to the youth of today.

Back on topic, where did you find that c300 for 19k? If you don't pick it up, mind pm-ing me the details? My sister is in the market for that car.

[hdave]

Why is everyone jumping on this with their own opinions of how he should spend his money.
Its his money, he can spend it on whatever he wants.

[appleb]

EDIT: didn't see you picked a C300. That's a reasonable choice although I am suspicious about the price being so low.

Bought off ebay from an overseas buyer, and the car is currently being stored inside a crate in Newfoundland. Totally legit.

[vlad_vm]

troll tread.

you'll quickly learn that $50k is not much once you live outside your parents house.

[plid8800]

hi I have a 2010 Cayenne S for sale but its out of your price range. This is my second cayenne.

I have always serviced from a porsche dealer. Their interest is not saving you money, or finding the cheapest way to fix or service your car. Their sole interest is their reputation and the sheer performance of your vehicle. So yes, the cayenne is expensive for everything from an oil change to regular maintenance.

you can find other mechanics and shops who will do the job cheaper, but for your peace of mind, and to maintain the car for the reason you bought it in the first place, you have to pay more.

20K for maintenance seems way to much if the car just needs regular servicing. It is expensive to properly maintain a porsche, but not that expensive.