As a fifty-year-old, I’ve learned that just because you can afford something doesn’t mean you should buy it. You must be smart, look beyond the enticement, and make good decisions. These decisions will give you a better life and future.
The illusion is that you must have the newest car to be relevant. The reality is that this is not true because a Porsche, regardless of the year, is the highest standard of automobile development.
No matter what year of Porsche you have, you’ve reached the best. It depends on the amount of luxury that you would like to experience. The best experience is one you own outright and hasn’t caged you in debt for many years. That’s a smart decision.
Fifty-year-old me had to consider the 2015 Porsche Panamera, priced at $28,998. Why? With my 2015 Lexus as a trade-in and possibly an extra $7,000 down payment, I could pay this car off in one year. It’s not a Taycan, which is my first choice, but the Panamera makes more financial sense.
This is surely some great advice! We cannot always just run out and grab what we want. But maybe slowly walk ourselves up to it over time. Gotta love the sense this makes.
Totally agree with your mindset. I’ve never been a fan of buying brand-new cars either — the depreciation just hits too hard in those first few years. I usually go for vehicles that are 3 to 4 years old with low mileage. That sweet spot gives you the best value without the financial sting. Paying it off within a year is a strong move too — that kind of financial discipline is underrated. Enjoy the Panamera!
As far as age, at fifty we might be living in our last quarter, but we’re still young enough to be active, travel, and enjoy what we’ve worked hard for. It’s all about finding that right balance — being smart with your money while still rewarding yourself. Sounds like you’ve developed a solid system that allows you to do both. That’s the kind of financial maturity that brings peace of mind and real freedom.