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When is it financially acceptable to buy a dream car?
Comments
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Surely this is what a pension is for if you believe George Osborne.
50k equals a fair chunk of tax, yes please:money:
50k is acceptable when you earn 50k. I think Martin would say its never acceptable if you have to borrow, no need to rush as it gives time to choose properly and/or find the best example like a 1 year old car or something
Power to weight counts most. Most sports cars are filled with electric motors for everything and weigh tons, Colin Chapman would hang his head at such practise
Almost all the fast cars I see are driven no faster then a modern 1.6i Unless you know a good track or live in the middle of nowhere its just a dream0 -
I spent years dreaming of owning a particular brand of fast car but when I finally got to the point of being able to afford it, I couldn't bring myself to spend the money on it. Too much time spent on here
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I think I will buy a sports car when the cost wont make a serious dent in my wealth. If it cost £50k I guess my wealth would have to be £1m+ for me not to miss it.
Ive always liked to look of sports cars but tbh never been that into driving, I'd rather just have a nicer house
Faith, hope, charity, these three; but the greatest of these is charity.0 -
Hi guys, this forum has opened my eyes to the world of personal finance and I'm learning new ideas etc. I wanted to ask when is it financially acceptable to buy a dream car £50k+ in life? I see Porsches, Nissan GT-R's and Ferraris during my commute to work every now and again and I wonder when is it ok to buy one?
When you can hand over your debit card, pay for it in full, and not miss the money, in my opinion.
I drove a lot of entertaining and eye-catching cars for "reasonable" money before I was able to buy high-end cars this way, and am far happier having done it this way. I had as much fun in an Elise, Z4, or Boxster before the days of being able to buy "supercars" as I do now, and probably enjoyed them all the more knowing that they were paid for in full, so could be used as hard as I wanted without fearing financial consequences.I've been fortunate enough to drive the 458 Italia and I know for certain that it is my biggest motivator in life.
Be a little careful if that's your route, they do seem to be set up to thrill on a short test-drive, but can apparently be a bit wearing to live with.0 -
When you can hand over your debit card, pay for it in full, and not miss the money, in my opinion.
I drove a lot of entertaining and eye-catching cars for "reasonable" money before I was able to buy high-end cars this way, and am far happier having done it this way. I had as much fun in an Elise, Z4, or Boxster before the days of being able to buy "supercars" as I do now, and probably enjoyed them all the more knowing that they were paid for in full, so could be used as hard as I wanted without fearing financial consequences.
Be a little careful if that's your route, they do seem to be set up to thrill on a short test-drive, but can apparently be a bit wearing to live with.
care to explain? any particular reason it would be different to any other supercar on the same level?0 -
Sounds the most fun is to just stick to test drives, buy something boring for when you want to queue in traffic as 90% of car use is unfortunately.
How much is a car club membership compared to 1 or 2 years of owning a ferrari yourself0 -
i'm more bothered about where i live than what i drive, so that is convenient..
but i think the actual answer is: when it makes money. it's not my field, but people reserve cars that are worth more than their face value if researched and times right, i understand0 -
care to explain? any particular reason it would be different to any other supercar on the same level?
Just what I've gleaned from friends with them, and reports I've read. A very high level of steering responsiveness around the straight-ahead can make a car feel great at first, but is sometimes not what you want in more general use, or for longer trips.0 -
I watched a TV show with a hedge fund manager. He was a member of a club that would let you take any car they had at any time and they had a wide range of sports cars. Seemed like a great way to drive a supercar without getting bored with it and being able to switch without it costing anything.
Not sure what the membership cost though Faith, hope, charity, these three; but the greatest of these is charity.0 -
I really appreciate your reply. Can I ask how you managed to buy a house at age 24, hats off to you. Thats really impressive but I can't help but believe that its almost impossible for that to happen today. I would love to get some advice from you though?
I also cannot answer for Jim but for me I was dead lucky.
I bought at age 24, zero deposit, 110% mortgage, will be paid off by the time I am 37. Oh to be back in the year 2000! Good ol' NR.YNWA
Target: Mortgage free by 58.0
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