Owning a porsche under 25

Why is owning a porsche 911 so hard for under 25 year olds?

 

because they're expensive?

elaborate on your question a bit more...

 

Most people under 25 have:

-high insurance
-school debt to pay off
-little equity
-parents who aren't wealthy
-spend their money on **** they don't need
-are more concerned about getting laid than the car they drive
-careers that don't pay that much at this point in their lives
-etc.

 

Owning a Porsche when you're under 25 is easy.

Paying for it however....

 

I have a Boxster S and I'm under 25, way under 25.

Maybe you mean brand new 911s? You can pick up a 996 911 for 25k all day, that is if you're referring to the price.

 

Considering he used 25 as the age, I suspect he got an insurance quote...

 

Really all depends on what year of 911 you are looking for.
If you want a 911SC or something, it's very do-able.

I had an Audi A4 and a 914 when I was 25, along with a motorcycle...all paid for myself...not really that tough, just can't go out buying a brand new $80k one
Insurance depends on past history and if you are a college grad etc, talk with your agent and you can bundle renter's/home owner's insurance and get good rates.

 

You should've picked richer parents.

 

Involuntary delayed gratification.

Use this time to play the field of girls, while you are young.

 

No model is specified by the OP. Not even condition of the car. Almost anyone could own a Porsche under age 25 - it might not drive, but they could own it.

That said - I started saving my dollars almost before my 'teens - a construction manager at a site my dad was working at had let me take a lap of the parking lot in his Porsche - and boy did I want one!!!!

At age fifteen, I could of gotten a decent 944 with a lot of money left over. Heck, there where 911's in my savings range before I was even 20.

 

I started buying old MG-B's to fix up and then sell to get a Porsche when I was 16. After six MG's I got a 914 2.0 that I tarted up - then sold that and got a 1980 911 S/C Targa. I was about 20.

That was easy. Today the younger crowd mostly consists of people who would have no idea how to facilitate anything like that. But boy can they talk a good game on facebook.

So... No 911 for them.

 

What he said.

The insurance on male drivers under 25 is punishing. Either get a sex change or wait till you're 30 and married. Then do it. (The Porsche, not the sex change.)

 

I know an under 25 Porsche owner. He brags about how he paid for it himself. But he lives at home and doesn't pay rent, mortgage, utilities, etc. and his entire paycheck goes to the car.

 

+1 and that goes for a few guys I know with nice cars.

$30,000 millionaires who live at home well into their mid 20s siphoning off their parents money but own a cool car and people love them for that fact.

 

Yup. A waiter at a restaurant I go to quite a bit drives a 997 turbo... but lives with Mommy...

 

In many cultures it is normal and expected for kids to live with their parents until 30 or so. He must be a waiter at a nice restaurant to be able to afford the payments on a 997 Turbo.

 

Assuming he got it used,... and just for example, lets say he borrowed $80K,... at 6% for 5 years his payments would "only" be $1550...

 

Yep, I bought a GOLD 1981 Porsche 928 in 1996 when I was 16. Paid $2500 cash from it and drove it to school every day! IT was so much fun! It was the same car from "Risky Business." It was very expensive to fix though. From then on out, I've always owned a P-car.

 

That is just wrong.

With the depreciation, his parents have no business flushing that kind of money, on a child's toy. If the kid had his head on correctly, it is one thing. A waiter ?

 

And you know what he'll probably be in 15 years? *ding ding ding* A waiter, still living with his mommy.

 

Got my first Porsche, a new 99 Boxster not long after I turned 25. Four Porsches' later moving on to Ferrari's.

Ed

 

Perhaps you could call for a quote again, this time asking for an elderly 911 (964 and 993 are still very, very cool and respected cars - but they require more care and skills from you)? I'm assuming that 911 is what you want.

I think 25 is the magic number in most countries. At least it's the norm for fast sportscar insurance and sportscar rental in Europe. Some very rare cars (lightweight versions etc.) have even higher requirements, 28 or 30 or even 33 (hypercars).

Years will fly by quickly, just get an Elise and learn to drive while waiting. Or even better, a Miata. I'm not joking. A Miata will learn you to polish your driving skills. Even a S2000 is a good choice. If you really, really want a Porsche: Cayman or Boxster will provide plenty of thrills. Cayman is considered a great drivers car even among the supercar owners, so it's not a bad no. 2 after a 911.

OT: I think that all of us who have had our driving license for more than 7 years agree that it is wise for the insurance companies to keep those requirements up. First day I got my license my dad said "in about 10 years, you're a driver".

 

i had a "porsche" when i was 25 and still in school PT and working FT. ok it was 73 VW beetle in almost gulf blue with moded suspension and engine. it did have a real Porsche license plate frame which i bought from the old Brumos Porsche when they had a dealer in Atlanta.

 

That depends on the person... all it takes is money.