Kirk’s Korner #1 – Your Porsche Refundable Deposit

Porsche Ownership Economics and Emotions Series 
by Tom Kirk,  Financial Advisor Savant Wealth Management, tkirk@savantwealth.com, 321-241-1313

My SPC Friends,

Here’s a Big Idea: owning a Porsche can be less expensive than you might first think.  I can offer you some practical advice based on my experience and insights.

As new cars depreciate, the higher purchase price of say a 911 Carrera verses say a Corvette C8 is like a refundable deposit.  Let me explain.

Here is an over-simplified example to make the point.    A 2024 Porsche 911 Carrera starts at $114,400.  A 2024 Chevrolet Corvette C8 starts at $69,995.  That is a difference of just over $44,000.  If we assume that both cars will depreciate at the same rate the first four years, then the 911 would be worth $94,400 and the Corvette will be worth $49,995 in 2028, a difference of just over $44,000.  If you bought the 911 instead of the Corvette, you would get back all the extra money that you paid for the unparalleled Porsche ownership experience when you sell the car.  Like a refundable deposit.

Porsches have a remarkable ability to retain their value better than other manufacturers, thanks to factors like the proven reliability of the brand, and overall cost of ownership.   This makes a Porsche purchase not just an expense, but potentially a wise investment in both driving pleasure and financial stability.  Some highly desirable Porsches even trade hands above their original purchase price in the first few years.

Maybe the higher initial cost of a Porsche should be considered an investment instead of an expense.  I like that idea!

One on my personal “refundable deposits”.

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