So what do I think about buying a Porsche Taycan? It’s an expensive car, right? It appears that leasing is what Porsche allows you to do rather easily. Most of us could go down to the dealership right now and cough up a little over $9,000 and jump into this car with the current lease options. But at the end of the lease who wants to start over? That’s a lot of money being left behind.
For myself I like the option of trying to own the car. Long term I want to have a car that I can do whatever I want with it. If I want to sell it, that’s an option. If I want to drive it until the wheels fall off that’s an option too. I can even let it rot away because it’s my car.
With all of that said it’s easy to talk about buying a car like this. Actually doing it is another thing. The strategy that I’m using at the moment is looking for the cars coming off of lease. Those appear to have the best potential path to ownership. These cars are sitting at low mileage when they are coming off of lease and entering back into the market. Most of the time cars like this haven’t been abused.
Long term it’s best to have a car with no payments. When there’s no payments there’s no worry whether you can fix the car or not. You’ll have enough money saved to fix anything that may arise. Warranties are great but that’s not a reason to keep purchasing a new car because financially it’s draining you. You can’t go your entire life with payments, at some point you will be too old to try and keep up with them.
Another thing to consider besides your age is your health. If you ended up getting sick you don’t want to be sitting around worrying about payments. If anything you want a paid for car so that if you needed to unload it you could. At that point it doesn’t matter if you made a profit or took a lost you still have a means to get cash quickly.
