Tag Archives: affordable

Insurance Cost Of An Affordable Porsche

By   February 21, 2015

Affordable Porsche Boxster

Insurance Cost for an Affordable Porsche like this Boxster

There are quite a few Porsches that belong in the affordable or even cheap category. When looking at buying one you should also consider maintenance costs as well as the cost to insure a premium automobile.

The amount of money that it costs to insure one of these German performance cars will vary based on a number of factors. Among these are your age, driving record and the city you live in.

Insurance Premiums and Your Age

Your age can be a huge factor in the cost of your premiums. If you are under 25 years old expect for any car to cost a good amount of money and for a Porsche to cost even more. Having said that, the age and value of the car are also factors, so if you only get collision coverage on a $3,000 Porsche 944, then your premiums will likely be lower than say a $10,000 Honda Civic.

Premiums and Your Driving Record

Another big factor in the cost of insurance is your driving record. If you are over 25 and have managed to keep from getting in an accident where you are at fault and have no moving violations (or you did traffic school and only had a small amount of moving violations), then your rates will be much lower than someone with a lot of speeding tickets and an accident or two on their record.

This gives us all another reason to pay full attention while driving and to try to keep the car at legal speeds. After all, driving faster is what track days are for. And if you buy a Porsche, you should join a club to make sure you can stretch its legs in a safer environment.

Insurance and Your City

It may surprise some but the city that you choose to live in can affect you insurance rates by quite a bit. I personally learned this when I moved from a retirement community on the California coast to a larger city. After the move my insurance premium went up about $150 for every 6 months.

This increase was due to the higher vehicle theft rates and the fact that there is more traffic in the city. So, if you are contemplating moving between two locations and one has less vehicle theft and traffic that is the one to move to for lower car insurance rates.

The Cost To Insure and Affordable Porsche

Taking all this into account let’s you purchase a $10,000 Porsche Boxster (986), and insure it with a company like Geico or esurance and have full coverage. If you are 30 years old, have a clean driving record and live in a decent sized city expect to pay about $450 for every 6 months.

If you decide to go with a higher end insurance company such as State Farm or Nationwide expect to pay a few hundred dollars more. Although when you do happen to get into an accident they are often much easier to work with.

Conclusion

As you can see an affordable Porsche won’t necessarily cost too much to insure. Having said this there are many factors that decide your premium, so contacting your insurance to get a quote for your policy is always a good idea before you purchase any car.

5 Affordable Maseratis

By   August 28, 2014

The Maserati GranSport Made our List of 5 Affordable Maseratis

The Maserati GranSport Made our List of 5 Affordable Maseratis

The Maserati brand is one that gives images of Italian exotics. They have made some very good high performance luxury cars. Plus, the badge is one that isn’t seen too often, so it has the exclusivity factor.

If you drive a Maserati you also have a status symbol that will give the impression of being a man (or woman) of means. But what if you want to drive a car that looks like you drink fine champagne, but on a beer budget?

Well, we have put together a list of 5 affordable Maserati models. Just keep in mind that you want to buy one in good condition or you may end up paying a fortune in repairs.

5. Maserati Ghibli

Maserati Ghibli

The newest four door Maserati is also the least expensive car that the company currently makes. While not cheap it is affordable by Maserati standards, with the new car starting at $66,900. Also, keep in mind that if you want to drive a Ghibli and are budget minded and patient, then waiting to purchase a few year old model would cost you much less.

4. Maserati GranSport

Maserati GranSport

In the mid- 2000’s the Maserati GranSport (which is based on the Coupe which is also on this list) was a great performing luxury sports car. Powered by a V8 engine that puts out just under 400 horsepower, it is just a pleasure to drive.

You can find used GrandSorts as low as $25,000, but spending a bit more will likely get you a better maintained car. Plan to be in the $30,000-$40,000 range and that should put you in a good place for a very nice ride.

3. Maserati Quattroporte

Maserati Quattroporte

The Maserati Quattroporte is a high performance sedan. It has been around for a while, so there are plenty of years to choose from. You can get a decent more modern version of the car for around $35,000.

However, if you want one of these at the lowest possible price then look for an ’80s models. These older models can be had for around $15,000 in good condition. But, be very careful to buy a good well maintained car or you will need to mortgage your house to pay for the needed repairs.

2. Maserati Coupe

Maserati Coupe

If you want a good performing modern Maserati without breaking the bank then the Maserati Coupe is worth a look. The sports car may lack some of the features of its period, but for the price it is about as much fun as can be had in an Italian sports car.

You can find Coupes for as low as $15,000. However, we recommend that you look closer to the $25,000 range to make sure that you get a decent well maintained car.

1. Maserati Biturbo

Maserati Biturbo

Even high performance and luxury brands have a car that is a bottom feeder. For Porsche it is the 924 (non-S, non-Turbo and non-Carrera GT) and for Maserati it is the Biturbo. The 185 horsepower performance car was developed to allow Maserati ownership to a wider audience.

Unfortunately, the car had build quality issues and thanks to its lower price it has fallen into the hands of many that can’t afford the maintenance. This does have an upside for someone looking to get into a Maserati for not much cash.

You can find decent early Biturbos for $2,500. We would recommend upping the price to about $5,000 as if you do that you can find some better maintained cars. These cars can have a number of problems and later cars are better made, however if you look hard you may find a fairly cheap Maserati that has had previous owners fix all the big issues.

Picture Sources: Joltcan, Paco Saca, TTTNIS, Car Spy

5 Affordable BMWs

By   April 14, 2014

BMW Z4

What are the Most Affordable BMW Performance Cars?

BMW is one of the most sought after brands in the world. There is a reason why they call it the ultimate driving machine. They make luxurious and good performing cars, but all this comes at a price.

By that we mean a higher price tag than most other cars. But what if you have to drive a BMW and a regular luxury car from the German automaker just won’t cut it?

Well, we have together a list of the top 5 affordable BMW performance cars.

  1. BMW M3 – The BMW M3 is the performance car that helped launch the company’s high performance division and the car itself has become a legend. The early E30 cars look like they may turn into good investments over the next few years, but are still somewhat affordable. If you want to pay the least possible, look for the second generation E36 (1995-1999). You can find higher mileage cars in the $4,000 range, but for around $15,000 you have plenty of options.
  2. BMW M5 – When the M5 was first introduced in the late ’80s it was the fastest sedan you could purchase. While by today’s standards the early cars aren’t earth shatteringly fast, they are plenty quick to keep up with modern traffic. You can find late ’80s and early 90’s models in the $5,000 – $15,000 range depending on mileage and condition.
  3. BMW Z3 – The Z3 had retro styling and was featured in a Bond film. Sure the little roadster wasn’t the fastest car made, but it is a fun to drive open-aired machine. The Z3 also received the M treatment and that version will command a higher price since it has a lot more performance. You can find plenty of good Z3s from $3,000 – $10,000.
  4. BMW Z4 – The Z4 is a much more luxurious and better performing car than the Z3. Where the Z3 competed against the likes of the Miata, the Z4 was competing with cars like the Porsche Boxster. You can find good earlier cars in the $10,000-$15,000 range.
  5. BMW M6 – The M6 first appear in 1983 and it was a very fast large sedan when it first appeared on the scene. One interesting thing is that the M6 was not produced for a few years, but came back into production twice. You can find a good ’80s or ’90s car in the $13,000 – $25,000 range.

For BMW Z4 desktop wallpaper click here.

Picture Source: S 400 HYBRID

5 Affordable Ferraris

By   July 29, 2013

5 “Affordable” Ferraris

There is perhaps not higher symbol in automobiles that the Prancing Horse of Ferrari. The Italian sports cars are historically some of the best sports cars that one can buy. When you think of someone that owns a Ferrari you think of someone with a lot of money.

This is for good reason as the cars when new usually go for well over $190,000. Classic cars also normally fetch a premium.

But what do you do if you want to own a Ferrari, but don’t have a huge budget. Fortunately there are options for those starting in the price range of a new Honda Civic.

Below are 5 of the most affordable Ferrari cars that one can buy at this time.

  1. Ferrari 308 GTB/GTS
    The 308 GTB/GTS offered very good performance for their time. The GTS is perhaps best known for its appearance in the classic ’80s show Magnum PI. GTB/GTS offers around 240 horsepower depending on the year. The mid-engined car can be difficult to work on for someone not antiquated with working on Ferraris of the era.
    You can find well maintained examples in the $20,000-$40,000 range depending on condition and year.
  2. Ferrari 308 GT4
    Before the GTB/GTS there was the GT4. This was a four seater car and when you add a back seat to one of these Italian sports cars the price usually goes down a bit. The car still offers a mid engined design and is somewhat more practical that some other models. Originally the GT4 was badged as a Dino, but in 1976 it was sold with Ferrari badging. The mid-engined V8 powered sports car offered 230 horsepower and good performance for its time. Styling was very ’70s and because it wasn’t always badged with a Prancing Horse many don’t think of it as a true Ferrari.
    You can find a well maintained car with about 30,000 miles on it for $20,000 or even a bit less.
  3. Ferrari Mondial
    The Mondial much like the GT4 offers a small back seat and a layout similar to the 308 GTB/GTS. The car is powered by a 3.2 liter V8 engine that put out 266 horsepower. It offered decent performance for the mid ’80s, but was never really valued highly by Ferrari enthusiasts. Styling is very ’80s, but stands out to those looking at it.
    You can find a well maintained early Mondial for $30,000-$40,000.
  4. Ferrari F355
    The F355 is a V8 powered mid-engined Ferrari that offered a very good 375 horsepower. That is very good for a car from the mid-late ’90s. Performance is very good in the Italian sports car and it has nice styling. The F355 is one of the more reasonably cars wearing a Prancing Horse that is thought pretty highly of within the enthusiast community.
    A well maintained F355 will run you $35,000 – $80,000 depending on year, mileage and condition.
  5. Ferrari 360 Modena
    The 360 Modena replaced the F355 and is a modern Ferrari that is sure to turn heads if you drive one. The mid-engined V8 powered car puts out 400 horsepower and is capable of a 0 to 60 mph time of just 4.3 seconds. The car has more modern styling and modern comforts than you would expect in a newer car over the other cars in this list.
    You can find well maintained 360s for $60,000-$80,000. While not cheap, it is still only about the same price as a new Porsche Boxster or Cayman.

If you choose to buy one of these Ferraris you will join an exclusive club of people that have owned a Ferrari. You do need to be ready to put money away for repairs to these cars as they often cost much more to repair. Some models also have maintenance items such as needing to remove the engine every 10,000 miles to perform maintenance, so do your research before buying one.

Make sure to buy a well documented maintained example as it will save you a lot of money in the long run. A Pre-Purchase Inspection is also a must when looking at a used Ferrari.

Let us know which of these 5 affordable Ferraris you would prefer to drive or if you would put any others on this list in the comments below.

What would you drive

Picture Source: Sfoskett