Talk me out of (or into?) getting a supercar in my situation
Discussion
Pesty said:
Denno B said:
Think your seriously overthinking things, just buy it 
That.I knew the usual gtr b
ks would come out. If I pulled a bird and she turned her nose up at my car I'd ditch get anyway doubly if it were a gtr. Just to throw a spanner in the works a brand new v8 mustang fully loaded is 36k. Just saying. Not a patch on a gtr obviously but if you wanted a middle ground money wise you could do worse.
Just kidding... nice position to be in, I'd say do it (I should have done it 5 years ago with a 911 Turbo but I ended up buying property) but maybe pay a little less and have more in the pot for a house, given the way prices in London are going... Should still be able to get a nice one for 40k, and if it's not a daily then mileage increase/depreciation should be minimal?
You say you've got 15k left over for "immediate spend" - is that immediate spend on the car? Because 15k spent on an older/leggier model would refresh it no end...
p1stonhead said:
IMO get out your mums house as a priority.
Car can come later. I'm sure it will for someone doing as well as you seem to be.
Spot on IMO. Car can come later. I'm sure it will for someone doing as well as you seem to be.
Move out. If you can still afford a nice car, then do it. Wild idea but maybe get a mortgage, move out, and buy a really nice car for 30k instead of 50???
what about something like this as its only for weekends http://www.autovivendi.com/the-club/ pretty sure there are a couple of members on here.
In the past I was in a similar situation to yourself, though wasn't living with parents (but was renting, after splitting with ex.) and had some cash to finance the future, although much less than you're talking about. It's not a real comparison as our circumstances are very different I'm sure, but just to share my experiences and hindsight.
I continued to rent, flat-shared for a few years, and enjoyed the cash on a car and travel, best 5 years of my life.
In hindsight, I wish I'd put all the money into a mortgage and bought a flat, I could have had the same enjoyment motoring with less, and I doubt it would have changed anything on the travel or the friends/girlfriends I met, it still would have been the best 5 years of my life... difference now is that I'm 15 years down the line in an okay flat, paying a mortgage until I retire. When I could have, even with the boom/bust housing market, been in a much nicer property at least twice the price with a nice lump of equity to play with.
My dream car was an Impreza RB5 WRSport (I'm not very ambitious, and exotica was too far out of reach to contemplate dreaming of) never thought I'd ever have one, only a dream. Then recently one pub night with mates I realised I could afford one, and the dream was realised, best car I've ever owned (though the competition isn't exactly fierce LOL!). Now they appear to be listed for almost twice what I paid, bonus!
Anyway... housing prices are rising, and your deposit is reducing from now until you sell the car... with my experience I'd suggest you re-consider not getting onto the property ladder. On today's nanny state roads, and heavy traffic, you can have as much fun motoring (IMO much more fun with a less electronically controlled car from the end of the last century) on way less than £50k+, and later when it has depreciated more and your career goes stratospheric you can buy one if you still want to.
Just my experience and my views, I am in no way responsible for you decision LOL! Good luck, regardless of your chosen direction.
I continued to rent, flat-shared for a few years, and enjoyed the cash on a car and travel, best 5 years of my life.
In hindsight, I wish I'd put all the money into a mortgage and bought a flat, I could have had the same enjoyment motoring with less, and I doubt it would have changed anything on the travel or the friends/girlfriends I met, it still would have been the best 5 years of my life... difference now is that I'm 15 years down the line in an okay flat, paying a mortgage until I retire. When I could have, even with the boom/bust housing market, been in a much nicer property at least twice the price with a nice lump of equity to play with.
My dream car was an Impreza RB5 WRSport (I'm not very ambitious, and exotica was too far out of reach to contemplate dreaming of) never thought I'd ever have one, only a dream. Then recently one pub night with mates I realised I could afford one, and the dream was realised, best car I've ever owned (though the competition isn't exactly fierce LOL!). Now they appear to be listed for almost twice what I paid, bonus!
Anyway... housing prices are rising, and your deposit is reducing from now until you sell the car... with my experience I'd suggest you re-consider not getting onto the property ladder. On today's nanny state roads, and heavy traffic, you can have as much fun motoring (IMO much more fun with a less electronically controlled car from the end of the last century) on way less than £50k+, and later when it has depreciated more and your career goes stratospheric you can buy one if you still want to.
Just my experience and my views, I am in no way responsible for you decision LOL! Good luck, regardless of your chosen direction.
V8RX7 said:
Diderot said:
Cash flow is king.
For the self employed, possibly.For an individual I'd suggest losing the least amount of money is more important - leasing costs more.
Z064life said:
how do you guys justify you use your weekend toys enough if on weekends only?)
Easy, buy something that will go up in value. I've done around 800 miles in my toy the last year, and whilst it may cost £3-4k a year to run its going up by more than that.I think of plenty of options in your price range that will double up as an investment/toy.
Although if you've got your heart set on a GTR then heart > mind IMO. YOLO.
Denno B said:
V8RX7 said:
Diderot said:
Cash flow is king.
For the self employed, possibly.For an individual I'd suggest losing the least amount of money is more important - leasing costs more.
Obviously there are cashflow advantages for finance but as stated for an employed, cash rich, individual, buying a used toy, that he could sell, cash is clearly the cheapest option.
ORD said:
Living with your mum and driving a 55k car is extremely cringeworthy. If you aren't grown up enough to have your own home, spending huge money on a very flashy car is seriously embarrassing.
You don't know why he's with his parents. He said there were reasons. He might need to provide an amount of care. Stop being so judgemental how does what car he drives and where he lives affect you. Cringeworthyand embarrassing are two words that never even entered my head. Why such nasty thoughts?
160 said:
what about something like this as its only for weekends http://www.autovivendi.com/the-club/ pretty sure there are a couple of members on here.
overall AV is a pretty good call. Expensive cars tend to attract expensive bills, and with AV you get choice, variety and fixed costs.However, life is a journey and i think the OP is at the stage where he needs to get the t-shirt. Later on he may decide that miata really is the answer, to join a club or just keep buying cars. At least his poster child is a decent financial purchase, imagine if it was a Countach!
Pesty said:
ORD said:
Living with your mum and driving a 55k car is extremely cringeworthy. If you aren't grown up enough to have your own home, spending huge money on a very flashy car is seriously embarrassing.
You don't know why he's with his parents. He said there were reasons. He might need to provide an amount of care. Stop being so judgemental how does what car he drives and where he lives affect you. Cringeworthyand embarrassing are two words that never even entered my head. Why such nasty thoughts?
DuraAce said:
Do what you like. You dont need validation from the Internet. Or do you?!
I wouldn't spend a years wages on a car whilst I lived with my mum, but that's just me. Get a house and a bird instead.
Then marry bird, divorce bird. She gets the house and move Back in with your parents and have no car. I wouldn't spend a years wages on a car whilst I lived with my mum, but that's just me. Get a house and a bird instead.
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