Over the past 3-4 years I've spent about $5,000 on repairs and maintenance for a Toyota 4Runner. And, now I've got a slow leak in power steering, so the total continues to climb. My Toyota now has about 145k. I also own a Porsche Cayenne diesel. Almost 130k and NO repairs, just maintenance. Plus the thing runs smooth as silk. Like a freaking Swiss watch. So, one just never knows.
Initial impression(less than 1min into the video): It is high cost to own. Oh wow, that is not as high as it could have been. My "go to" is rockauto first for all parts. I know with a Porsche (older 911s) that they are meant to be driven. If maintained properly, you can get a good 200k-300k miles out of them. Then, you could have the engine rebuilt and get another 100k+ miles at least. I'm not sure if the same applies to the Cayenne. Opportunity costs always make me feel like I made the wrong choice. LOL! But, we all need to live a little. However, I have noticed people buying sports car and only owning it for one year. Then, they sell it and break even cost-wise all things considered. The intention is to experience as many sports cars as possible at little to no cost. Great video as always!
Sooo 22¢/mile.... How is this an issue? People in the comments talking about “porsche is so expensive” but the average annual cost of owning a car is btwn $6-$9k anyway
I understand what you're saying but I don't believe my calculations are flawed because I based my calculations on the total monthly expense, not the total purchase amount of the vehicle.
@@TexasRealEstate Taking monthly expenses alone, in itself is flawed too. You can't do an opportunity cost comparison without also balancing the functional benefits you got from those monthly expenses. That is: The costs of running another vehicle or taking Ubers everywhere. Opportunity cost is used to balance comparables. You just compared running a car to investing. That's not "opportunity cost".
@@TexasRealEstate Don't get me wrong though, you are absolutely right to do those comparisons. With the raw financials, opportunity cost is probably THE HIGHEST comparative cost of owning a NEW vehicle. Especially over the long term and especially, especially for those who cycle through 3 year leasing. Although it forms a large driver of the opportunity cost, depreciation as a figure by itself comes a distant second.
Over the past 3-4 years I've spent about $5,000 on repairs and maintenance for a Toyota 4Runner. And, now I've got a slow leak in power steering, so the total continues to climb. My Toyota now has about 145k.
I also own a Porsche Cayenne diesel. Almost 130k and NO repairs, just maintenance. Plus the thing runs smooth as silk. Like a freaking Swiss watch.
So, one just never knows.
That's pretty incredible! Love to hear that. Thank you for sharing.
Great breakdown of the price! If you want to drive these older Porsches this video shows that the buy in may be low but the maintenance is high.
Yup, no way around it. There's no such thing as a cheap Porsche, as I learned from the first one. 😅
Really thanks for your time and effort here to help others!
You're welcome. I appreciate it!!
Carmax Auctions....never knew. Nice video Mr. Roicki!
Thank you kind sir! It's a dealer only auction but yeah, that's what happens to all the cars they buy that don't end up on their lot lol
Thanks for the video :)
Thank you for watching!
Initial impression(less than 1min into the video): It is high cost to own. Oh wow, that is not as high as it could have been. My "go to" is rockauto first for all parts. I know with a Porsche (older 911s) that they are meant to be driven. If maintained properly, you can get a good 200k-300k miles out of them. Then, you could have the engine rebuilt and get another 100k+ miles at least. I'm not sure if the same applies to the Cayenne.
Opportunity costs always make me feel like I made the wrong choice. LOL! But, we all need to live a little. However, I have noticed people buying sports car and only owning it for one year. Then, they sell it and break even cost-wise all things considered. The intention is to experience as many sports cars as possible at little to no cost. Great video as always!
You're right - definitely have to live a little! And I appreciate hearing your perspective. Thank you for watching as always my friend!
post more man! Especially Z06 videos🏎
I will in the time ahead! :)
Thanks for the vids. Im a thinking of buying one with 75k miles on it. Asking 18k. Seems super clean. How is the trip tronic? Thanks
Awesome! And mine drove great. No complaints in terms of the tiptronic gearbox. 👍
Sooo 22¢/mile.... How is this an issue? People in the comments talking about “porsche is so expensive” but the average annual cost of owning a car is btwn $6-$9k anyway
To be fair, I'd rather drive a Porsche than something average. :)
$2.60 a galllon,, man!!! Those were the good days!
Most definitely were!! 😅
bro u better dont eatand drink. just live outside on the street then by now u r amillionaire. dope.
What?
You financed your car with money you couldnt have otherwise had access to so your opportunity cost calculations are flawed....
I understand what you're saying but I don't believe my calculations are flawed because I based my calculations on the total monthly expense, not the total purchase amount of the vehicle.
@@TexasRealEstate Taking monthly expenses alone, in itself is flawed too. You can't do an opportunity cost comparison without also balancing the functional benefits you got from those monthly expenses. That is: The costs of running another vehicle or taking Ubers everywhere. Opportunity cost is used to balance comparables. You just compared running a car to investing. That's not "opportunity cost".
@@TexasRealEstate Don't get me wrong though, you are absolutely right to do those comparisons. With the raw financials, opportunity cost is probably THE HIGHEST comparative cost of owning a NEW vehicle. Especially over the long term and especially, especially for those who cycle through 3 year leasing. Although it forms a large driver of the opportunity cost, depreciation as a figure by itself comes a distant second.
100k cars are expensive to own..its all relative
For sure 👍