How Rich Should You Be to Buy a New Porsche?

Video quality	The size	Download

Information How Rich Should You Be to Buy a New Porsche?

Title	:	How Rich Should You Be to Buy a New Porsche?
Lasting	:	6.59
Date of publication	:
Views	:	110 rb

Need Porsche help or purchase advice? Book a consultation with me calendlycom/carfanatic
Comment from : Car Fanatic

It depends what you want out of life Some spend a fortune on their house Some live in a small semi and love cars, so they have a 911 on the drive
Comment from : Stevo SD

Good video I bought a GT3 when i had twice the price of the car in cash I paid the car outright I've always felt that if you can't just pay it you probably can't afford it
Comment from : milo

YouTubers need to stop asking people to like a video from the beginning We haven’t even consumed the content yet Let’s watch and enjoy it, we’d like it without being asked Subscribing to the channel comes natural after liking, if we enjoy the content My 2 cents
Comment from : Olufemi Abiodun

Thank you so much for enlightening me with a realist idea and plan to purchase a Porsche! This really helped me a lot!
Comment from : Neal Powell

This rule is stupid because: If you make over 200k a year You will not need 50 for your needs!
Comment from : Paddy S

The math checks out for me! This will be my first 911 and the YOLO in me is like “just get the turbo” but I think I’m going to be more practical for my current situation and get a 997 CS instead! brThanks for the info!
Comment from : Alexander Torres

I make 60k, the goal is a gt4 I’ll give it 5-10 years investing and a 30k downpayment and with my wife and my salary combine should be obtainable
Comment from : cr4zym3x1c4n

What if I plan to sell it after 3 years? Shouldn’t that also been kept into consideration, specially for the 911, which loses value very slowly in comparison to other cars?
Comment from : Leo Gasi

Great video 👌🏼
Comment from : Mohammad Al-Abbasi

Lots of great info!!!
Comment from : Jella 5011

What if we have grad school debt? I’m in physician assistant school and average income is $122K but debt will be $110K I will graduate at 27
Comment from : David

996 jumped a lot in price since this video
Comment from : Nicool333

50-30-20
Comment from : Samidha Thakur

The short answer is you have to be a CEO, that's who they're marketed for
Comment from : Space Marine

Debt free now no mortgage time for a nice 911
Comment from : RokkerKory

I come back to watch this video often for motivation
Comment from : Ankit Parikh

😅 I’m just going to save up a few years
Comment from : lXChosenOneXl

Considering we're all slaves, and going to die at some time Shouldn't we just go get one credit and not pay? 🤔😂
Comment from : Dark Glass

im unemployed but i got new cayenne coupe sticker price of 95000
Comment from : xzx xzx

When you are dept free buy a Porsche and go back into debt 🤣
Comment from : SolidStream13

If you make 250 K with no kids you can afford a $3000 a month car payment…
Comment from : Brinks Bros

so just gonna exclude buying a Porsche but for me I wanna buy a BMW X6 XDrive40i (hopefully a X6 M50i) and with options it sits just under $80k and basically I have to find the perfect job that will satisfy me and make $138,667/yr I'm never gonna hit that "suggested" amount I'm studying to go into Cyber Security and I live in Virginia The highest I ever seen salary wise is $123k/yr and that's for people with 7+ years of experience I may be naïve, but I dont wanna wait 7 years just to get my first X6 and never really obtain the M50i version when nicely optioned is $100k Any suggestions? because I truly wanna know and dont wanna window shop I genuinely want to own that car when I first drove the 2023 model before they become hybrids
Comment from : Devyn The Unbroken

Rule of thumb for me is to never spend more than 6 of your yearly salary in car payments, I know the industry standard is now closer to 15
Comment from : ICANTBELIEVETHISSHIT

I only believe in spending 10 of my monthly gross on a vehicle note Don’t care about inflation
Comment from : dubreil07

If you’re asking this question, you probably shouldn’t be buying a Porsche
Comment from : Max Daniel Strauss

The question shouldn't be controversial at all It's actually about as solid and realistic a question as anyone should be willing to ask themselves brHow much do I have to be earning, or be worth, to purchase a luxury car and not break my budget?
Comment from : Miguel Gonzalez

Wonder who drank the cool aid from this video and now in late 2022 is facing a difficult financial situation?
Comment from : SW

I like it and I pretty much agree with the numbers :) However, if you go for a 2nd hand car, like maybe 3 years old, you can get sooooooo much more bang for your buck :) (at least when prices come back down to a normal level)
Comment from : Mark Spark

Shaquille O’neal says reinvest 75 percent of what you make and out of the 25 percent, whatever you don’t need to cover living expenses, go ahead and use that to ball out
Comment from : Mofojo

This is wack Everyone is in different situations financially and have so many different living costs - only you can know if you can afford or if it’s worth it to spend the money
Comment from : RedSquirreLx

dont buy them Own a s-corp and have it pay the lease as a tax write off
Comment from : filterdecay

This is all assuming you have a nice new Porsche as your only car I’d bet 90 of Porsche sports car owners have another car they use as a daily The average income of people who own these is likely much higher than what’s in this chart
Comment from : Rob Schlegel

If you can make the payments and still live comfortable buy what you want no set rule
Comment from : MrBankRelations

I make 240k annually and I leased a new base model bmw 3 series (43k MSRP)
Comment from : David Margolis

Totally ridiculous YOLO buy it today
Comment from : Doug Callahan

Porsche is my dream car🏎️
Comment from : Techie

If you can’t write a check move along
Comment from : Jeffrey White

I know, I know, I know But I threw every rules out of window when I see that GT version Damn
Comment from : Hai Le Quang

great video I usually wouldn't trust a "car guy" on financial advise but your points were valid
Comment from : Superbike Armen

porsha?
Comment from : 劉浩霆

IF YOU BUY USED IT'S OK (I BOUGHT A 96 C4S FROM A DEALER WITH 125k MILES ON IT) - BUT IT WAS OWNED BY A WOMAN PSYCHIATRIST WHO COULD AFFORD TO DO THE SERVICE MAKE SURE ANY USED P-CAR IS FULLY PAPERED AND DOCUMENTED FROM DAY ONE OR PASS IT BY
Comment from : steve myers

AS SOON AS YOU CAN PAY CASH FOR THE CAR YOU HAVE ENOUGH MONEY - PLAN ON $5k /YR IN MAINTENANCE i HAVE HAD 3 THEY COST MONEY TO MAINTAIN BUT THEY ARE THE BEST CAR I HAVE EVER OWNED OR DRIVEN - THE FUN FACTOR IS OVER THE TOP
Comment from : steve myers

I know that supposedly as the say goes, "the more you make, the more you spend, is true I don't think this method scales well For the more I make, the less of the lesser bills I have I only need to buy one cell phone and plan, one cable bill, one life insurance plan, etc so I would have much more disposable income than a straight percentage Just like when you have a marred couple and you can share one house one utility bill unless you get divorced lol I know he did kind of touched on the couples buying power but something to consider
Comment from : Scott Mcquade

Rich enough to pay cash for it, out of petty cash Otherwise, you’re an idiot Lot of people living in LA, eg, who live paycheck to paycheck leasing expensive German and British cars to project an image
Comment from : Mike McCormick

ok so i cannot buy a porche I kinda knew it before watching this :))
Comment from : nobody qwerty

As a rule of thumb, if you have to work to get an expensive car, you can't afford it
Comment from : James Lynn

All these numbers are inaccurate
Comment from : wefddsdfds

In my country all cars are 2-3 times more expensive So do the math ;)
Comment from : Anders Nielsen

How timely Just what I’ve asked myself
Comment from : Franz Van Julio

Correct answer is buy something you can pay cash for Liability insurance only Once you are completely out of debt and have at least $750,000 in cash, other than your fully funded retirement plan (at least 15 of your income) , the buy your car with cash without touching your $750,000 savings You’re welcome
Comment from : Evan Tullos

A car payment should be no more than 10 of your monthly take home pay AND that is after putting at least 20 down and limiting your loan to 48 months, max!
Comment from : Norwegian Blue

Just bought a new Porsche I make 40k-50k a month Got to the point where it doesn’t matter if the payment is 1000 or 2000 That’s when you buy a Porsche When it makes no difference and 1000 feels like pocket change
Comment from : Jay Vincent

If you have to ask you can’t afford it! I think if you don’t pay cash you should not buy the toy!
Comment from : rgarri6396

Responsible justification and well delivered video
Comment from : Mike Hackett

who cares just buy it YOLO
Comment from : Stas Samusev

If you can’t write a check for a Porsche you have no business buying one Most people lease them bc they can’t really afford the car
Comment from : Brian Richardson

In reality, most people are simply gonna save up enough for a good down payment and just front month to month payments and sacrafice other spending like eating out, vacations, and other luxury lifestyle choices Not saying that's the best way or only way, but that probably fits most Americans looking to buy an exotic like this
Comment from : Lee Roberts IV

I’d rather lease a Porsche not worth buying it Just deal w gas and insurance and payments
Comment from : Aaron-Damon Kassner

So if I NEED a car and WANT a 911, I can spend 70 of my income on a 911 🤔
Comment from : Steven Pink

Good indicator, thanks
Comment from : King Ncaba

Save? 🤣🤣🤣🤣
Comment from : Crypto Ronin Dude

But CPO "used" and it's amazing how much car you get for way less than full price Maintenance is ridiculously expensive so always get a CPO car Unfortunately I speak from experience
Comment from : MagaTom

Multiple porsche salesmen have told me that the NEW CAR average 911 buyer makes $800,000/yr, boxster/cayman makes $400,000/yr and cayenne is about $500,000-600,000 and macan is about $400,000/yr
Comment from : MagaTom

Yeah, if you make 100K, you should probably buy a Porshe YOLO!
Comment from : Doug Dawson

I can pay cash for 100 of them but don’t want one anymore Funny how that works
Comment from : jason crandall

You don't have to be rich to rule my
Comment from : Flying Hedgehog

If you can't afford to crash it and buy a new one the next day, it's too expensive for you
Comment from : John

If you have to watch this video to figure out if you can/should buy a Porsche you can't
Comment from : Brendan Bracken

I was into cars and now I am not into cars anymore, but have a nice garagebrCars probably for the best are becoming an appliance Probably for the best
Comment from : Advanced Chiropractic

Depends on if you’re talking about a base boxster or a 918
Comment from : Scott smith

I'd only buy it used
Comment from : The Dude

I don't consider myself rich I have had four Porsches, the one I have now is the 718 Cayman GTS I guess, it helps that I support DINK (Double Income No Kids)!
Comment from : Jxxn Rxxi

My garage currently sits Porsche, AMG, Audi and SL and I honestly have no idea how much exactly I spend Maybe roughly, and this should be about it
Comment from : Helida Koch

Just put a bigger down payment to make higher end car more affordable and you’ll be ok
Comment from : ShadowHunter332

If the payment stresses you out, or stretches your expenses its too expensive
Comment from : mark KAO

30-50 of your pay for a car? 20 saving rate? Hmmm…America’s saving rate is in the negative especially for younger people
Comment from : aatruong6

Not too many of us follow that rulesand so does dealers
Comment from : Met00 MeNo

“Porsche 911 it’s the best”
Comment from : Jeetz69

I like cars more than girls👉👀💯
Comment from : DENIZLI

I’m 26 and make 6 figures in NJ I know I can’t afford this 😞 Amg it is
Comment from : Cash Jay

Not sure what customer base you are aiming forbut usually someone knows if they can afford a new/or used Porsche Number one ruleif you cant pay for itdont buy it!! Just saying
Comment from : Larry Stromberg

OK I am 100 confused 🤦🏾‍♂️
Comment from : Kevin James

$186k…want a 911 but I still drive a 2013 S4 it’s nice not having debt I’ll buy my Florida retirement home which I plan to rent for the next 10 years and maybe a 2012-2013 R8
Comment from : Raywalteroutdoors

You should never buy a new Porsche, or any car, you lose 30 of it's value in the first 3 years That why 3 year old car is the sweet spot
Comment from : Vladimir Talijan

No more than 1 month of income
Comment from : Michael Wei

400,000 a year for me
Comment from : Jean Paul Hopkins

great video man!!
Comment from : The sGt

I will never by a new car brOnly a used one
Comment from : John Smith

A Porsche should be your 2nd or 3rd car inside your garage
Comment from : JMG

Almost any car or truck is 60-90k im sure most people don't make that , for a toy smart to keep it the leverage way down used is the way to go for sure
Comment from : Andrew Schmidbauer

New Porsche has never been on my list of wants ! When there are very few places to drive and get to enjoy the full thrill of driving a sports car , because of cameras (big brother) , police , just doing their job , and highways that are too congested , the car just isn't worth it ! Now , a vette for one third the cost , will give you a thrill , whether you are cruising along at 55mph, or growling down a lonely straight stretch of highway Plus the ladies love a vette whether it is moving or not ! Porsches sound too much like a volkswagen for me Just my humble opinion , people
Comment from : Denny Brown