E39 M5 or 996TT?
(I've read prior posts but I think my situation results in more of a stalemate)
These may seem like odd cars to compare, but I've narrowed it down to these; stay with me here.
Both are awesome, highly regarded machines that have depreciated the majority of what they will. I’ve tried to reason this to myself, and just want to pull some outside opinion into the mix.
Background on me:
- I’m single, debt free, and have no responsibilities aside from my job.
- I’ve owned a bunch of cool and high powered cars so far (C5 Z06, blown NSX, 600hp Supra, Stock Twin Supra, LS1 RX7, etc...)
- I get bored easily and I only own cars for a few months to maybe a little over a year or so.
- I only buy cars that have mostly depreciated and get into something else for little, if no loss, on a whim. I don’t mind enjoying cars long after they were the big deal.
- I don’t spend money on much else.
- This will be my only car, but I have a reliable fuel-injected/water cooled motorcycle which I try to ride as often as possible.
- I commute 2 miles city one way now, but will change to 15 miles highway commute in a few weeks due to a move.
- I usually don’t need to carry any more than 1 passenger; opportunities to carry more passengers are optional.
- I can’t drive anything normal or mundane, just not in my nature.
- I like big power, I don’t get to use it that often, but when I want it - I want it.
- Some sort of mod-ability is important.
- MPG is a psychological thing for me, so it does matter, but I do have the 40mpg on the bike.
- Reliability is important, but I don’t usually own cars for more than a few thousand miles.
- I've been to an HPDE once, and liked it, but don't see myself taking the car more than 2 times per year.
- 2001-2002 996 Turbo – Awesome looks, OK interior, great power, very responsive to mods. A little more MPG than the M5. Most owners report them to be pretty reliable aside from a seemingly week transmission in a few cases. Catch is I will have to take a small loan out to get one (nothing that will upset my monthly earnings significantly, but will be noticeable). Insurance is 50% more than M5.
- 2001-2002 E39 M5 – Good looks, great interior, good power, mediocre response to mods. Just a tad less MPG than the 996TT. Extra doors and bigger back seats. Navigation standard and better than Porsche nav. Most owners report them to be pretty reliable aside from a few minor common problems. Insurance will be 50% less than the 996TT but also save me 62% versus my current toy (RX7). Greatest advantage is that I can pay cash for one of these.