Porsche 718 | How Much Income Do You Need to Own one? | EvoMalaysia.com
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- Опубликовано: 5 авг 2024
- Budget My Ride is back! I've recently started a new series to help my viewers plan their finances for their next car. In this episode, we’ll talk about the well sought after entry level performance sports car - the Porsche 718. My favourite to lookout for is the convertible (boxster).
Hope you find this useful and if you did please help me hit the like button and share it. And also subscribe to my channel. Cheers!
00:00 - Intro
01:24 - About the Porsche 718
04:40 - Upfront total cash downpayment
09:45 - Monthly & yearly instalment
14:12 - How much net income should I have to own a Porsche 718?
16:10 - How to close the income gap
18:08 - Summary
Follow me on Instagram: / thomasyapofficial
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Развлечения
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Rm30k to rm40k nett monthly income would be ideal income to comfortably afford it. Whoever going to go for this goal. All the best! Nothing is impossible, just make sure you have the right mentality and perseverance to strive this goal. Not easy, but possible….Thomas also have to grind thru up and downs… all of us do… just stay focus….
100%! Yes nothing is impossible - got to adapt that mindset and be open to see what you can do out there!
That's wise bro. Always use the Nett income rather than the gross income for depreciating cars.
Thanx Thomas. Good video. I can feel the honesty you have within you to encourage people with similar interest to eventually get the 718. I hope my day will come. 🙂
I'm not sure if this is useful. I bought a used 2018 718 Boxster (20k milage) half a year ago. Here is a quote I got from the workshop showing that the part has a sign of ageing and tearing. The engine is in very good condition.
Front absorber + absorber mounting + absorber cover + absorber bush + absorber bearing = RM14, 400.00
Rear absorber + absorber mounting + absorber cover + absorber bush + absorber bearing = RM11, 500.00
Battery (80 AH Varta brand) = RM1500.00
Front Brake Disc + Pad + Sensor = RM6,700.00
Rear Brake Disc + Pad + Sensor = RM5,800.00
Waterpump = RM4,000.00
Pirelli tyre PZ4N1 (235/35R20) - RM1200 x 2pcs
Pirelli tyre PZ4N1 (265/35R20) - RM1400 x 2pcs
*The price is quoted as the original Porsche part. OEM can be 20-30% cheaper, as I was told.
And a normal oil change service is about RM1.2k.
Thanks for sharing. This is useful for anyone who is considering a 718!
Update: Just got my PDK (Transmission) oil change.
Transmission fluild (Porsche brand Ori) - RM1,820.00
Transmission filter with oil pan (Ori) - RM2,300.00
Very good, clear, easy to understand. Thank you Thomas
Thank you so much Thomas. Very informative and I’m thinking of getting the 718 as my 3rd car. With this clear information I think I’m halfway there and hope to get one in the next 2 years. Will skip the boxster as I already have a convertible. But you’re right, nothing beats the feeling of a convertible. Cheers mate
Glad you found this video useful!
thank you, this car really been bugging me for a while, thank you
Will rent/ lease for a month or 3 to experience it. No headaches. To own one, i would really need to be a biz owner or have a nice passive income to pay for it.
just sold my 718 and saw this video haha good one
good video. It does give me some confidence to owning one😂. However my existing formula is , if my annual income equal or more than the otr price of that car, than only consider it.
Very good advice for newbies who want to buy sports car in the future. For me I personally want to buy car by cash, if I want to buy a RM300k car I’ll make sure I earn RM600k every year, 5 years loan is maximum I can go, taking 7 or 9 years loan is not recommended
Cash buy a 300k car? LHDN will ring your bell next day.
hey thomas, what would be a good annual maintenance budget for 981 ?
My friend has a cayman, but maintenance isn’t that cheap. Solid car. I got a 2015 Alfa 4C. Maintenance is damn cheap. 8 year old car, almost nothing has gone wrong. Ya interior like Kancil….But with just a re flash, it can roast a lot of other higher power cars. Road tax for 1.7 and…34 mpg (US gallons). Can’t beat it for value for money.
Thank you boss hope to buy this car when im 24yrold🙏🙏🙏
You can do it! Maybe even better at 24!
Next one for BYD Dolphin pls!
Thomas... make one version with Mini Cooper.
Best is under 10% of your gross income.
Just wait another 5 years for the car to depreciate and the 1st owner mod it to the max then i buy. At least i save 40%.😂
Income tax leh? Not need pay?
Target to get it when age 40..haha
Thomas I really hard to think how to make money out there (significant amount) instead of monthly salary. Can u advise? I assume “unlimited” term is so cringe and lies..
There’s so many opportunities out there. Don’t think about it. Spend time to explore. Explore different industries, different investment methods. Listen to podcasts of people who have accumulated wealth through different ways.
Expose yourself to these first. Have an open mind and be curious. It doesn’t cost much to explore. But it opens a whole new world.
It is cringe at first because it’s not your current reality. In the band of successful entrepreneurs and investors, unlimited is a common thing.
All the best in your exploration.
I have $1mil AUD and I still not sure to buy as I wish to buy asset first
Yep. For everyone it’s a different priority.
What the heck is RM?
Next: Porsche 911
I stopped the video at "114k down payment".. 🤣
Tbh 114k d/p is not much but i can imagine how much one has to pay the monthly instalment if the car is 400-500k lol... I never watch the vid, understood they are merely made for info purpose but i find paying astronomical monthly commitments mind boggling.
114k is a sizeable capital. To lost its potential as downpayment seems a bummer. But you can’t get any younger right? 😂
my salary 1week 37k i want to buy cash
Yeah you could. And not a bad idea too.
Buy new or 2nd hand :D
Depends on what you can take bro. I always prefer second hand as I don't want to tank the depreciation - but may not get the exact spec I want.
@@ThomasYap I'm not sure if its just me, second hand looks old whereas the newer ones have better interior. Still thinking between 718 or the Mercedez CLA coupe
It's not wise to take a loan for your car; save money and buy something you can afford in cash.
If u gonna thk that way, a lot thgs u can't enjoy in life, in my opinion. Of course,no right or wrong. 😊
Ever heard of leveraging?
Loan is a tool. Really depends how you use it. If people abuse it, of course they will suffer.
But use it well - it opens up a lot of possibilities