Thirty-year-old, established career, married with kids. You are doing big things, so you think you deserve a big-time car. Slow down, because a big-time car comes with big-time payments. Not the time to buy a six-figure car, no matter how cool-looking it is.
How’s your 401 (k) looking these days? First, make sure to get your savings and retirement right. Got the credit cards paid off monthly? How about the house payment? Best if you can get the house paid off or almost paid off.
Now, let’s talk fun. If your finances are under control, feel free to find a used Porsche. Remember, don’t buy a car that will change your entire lifestyle. If the car is doing that, it’s not the right car at the right price.
Find a car that’s going to grow with you and your family. What do I mean by that? A two-door Porsche 911 or Cayman probably isn’t for you if you have a three-year-old child and a spouse. Maybe look for a Cayenne, Macan, Panamera, or Taycan. The car will truly become a family member, and you won’t have to make another purchase once it is paid for.
