Am I doing the right thing? Trade in question.

That just dont make any sense at all to me.

You dont want to keep the Porsche because of future depreciation so you want to blow your brains out on depreciation on a new car instead.

Your worrying about 4 years in advance when the Porsche warranty runs out? Whats that about? You aint the first person to run a 911 but you do seem to be the most paranoid, whats up with you mate drive the bloody car and flog it in 4 years. You got projectable costs for 4 out your 5 years in school with what you got now, if push come to shove you could ride a bike for the last year for all that it would matter.

Or just buy the new 911 in Jersey you found, what difference does 5k make, none if its a decent price buy that.

You sound like my wife, she goes all round the houses driving her self mad when she wants something, just get on and buy the new Porsche, better still keep the one you got,stop thinking of brain damage excuses about scratches in car parks and people impression of you at med school :)
 
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The depreciation on the new car is almost irrelevant because I won't be changing until I'm earning my full salary again. I'm not buying *new* unless I get a killer deal because as you said, it will hurt in the long run.

The extended warranty is *not* a Porsche warranty, you cannot get a Porsche warranty after 6 years. My 911 has not exactly been flawless in the time I've owned it, I'd go so far as to say I've had almost half the car replaced :p .

Surely you can see that a 10 year old Porsche with 100k on it could well be a dangerous proposition as a daily car? By changing now, I alleviate that worry and keep myself protected for the next 5-6 years, all by spending only a fraction more than I would be paying on my two warranties.
 
[ui]ICEMAN;18542438 said:
The depreciation on the new car is almost irrelevant because I won't be changing until I'm earning my full salary again. I'm not buying *new* unless I get a killer deal because as you said, it will hurt in the long run.

The extended warranty is *not* a Porsche warranty, you cannot get a Porsche warranty after 6 years. My 911 has not exactly been flawless in the time I've owned it, I'd go so far as to say I've had almost half the car replaced :p .

Surely you can see that a 10 year old Porsche with 100k on it could well be a dangerous proposition as a daily car? By changing now, I alleviate that worry and keep myself protected for the next 5-6 years, all by spending only a fraction more than I would be paying on my two warranties.
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I never make my points very well on here because im a bit thick, let me try again.

If you were Jo average, i would worry about the Porsche out of warranty but you aint.

I cant understand why you dont just flog the BMW, keep the Porsche and worry about all the if maybe's and what ifs if they happen.

Its like having your own warranty, its called money in the bank just in case.

On the other hand, if you just want a new car then **** it, get on and buy it, but for gods sake stop driving yourself mad with imaginary problems that are 90% not likely to happen.

And i mean that with all due respect, seriously i do.
 
why not stick with the porsche, sell the other car and instead of purchasing the warranty (even though i get the impression money isn't really a problem) put the money you would have been paying monthly/annually/all in one go (for the warranty) into a bond or something and keep faith in the porsche and use it as a commuter for your college time and then re-assess after that? after market warranties are always dodgy and as you've mentioned, there is a fee to be paid should you need to claim on it anyway. the porsche might see you good through the required time and you come out of it with a nice lump sum and a porsche which has served you well or if you do need to make a claim, cross that bridge if and when you come to it, if it's 3 years down the line and you have a problem, the money you've saved might just cover it. by the time you've finished school, you might have lost your passion for this type of car and want to put your hard earned into something else.

or just sell both and buy a golf?
 
Could you not keep the 911 for now until the Market stabalises, then swap it for a newer one? Means you won't have to change the car you love.

I know you're looking far into the future and being very sensible over the decision of this, but as with Mark, I can't see the reasoning I'm afraid.
 
The more I read, the more I think you should keep your current 911. Don't blow 100k on a new one, don't buy another new car for the sake of the warranty. Sell the BMW and keep that cash for any potential problems on your porsche... hell, even use some of the cash for a warranty on your current car. Not factoring in depreciation on a new car is a really odd way to look at things when you're agonising about warranty issues and potential problems on your current car.

Surely you'll lose more in depreciation on a new car than your current 911 will cost to run for in the same time period? I would go so far as to say the depreciation on a new 911 would afford fuel, insurance, warranty and potential problems on your current car and probably with some beer tokens left over.
 
Selling the 911 and keeping the 135 does nothing. I still have to warranty the BMW and I really dont need an additional 50k in the bank. I'd rather consolidate both cars into one that I really like than lose the 911 and just have a 45k mile old 135.

Some good thoughts and advice though guys so thank you.

Mark no disrespect taken at all, I appreciate the input :)
 
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