Talk me out of (or into?) getting a supercar in my situation
Discussion
Z064life said:
...It seems like a mortgage is always the right thing to do and regardless of whether I am single, married or whatever, a mortgage is a high priority,
butZ064life said:
...have an investment property (I've sidelined money to do this property up so it won't effect my ability to buy or run the car)...
Seems like you already have a mortgage. Or maybe you bought outright.
Either way, why do you think you must have a(nother) mortgage?
Anyway, buy the damn car.
Seems like you already have a mortgage. Or maybe you bought outright.
Either way, why do you think you must have a(nother) mortgage?
Anyway, buy the damn car.
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.
OP is nearly 30, living at home and talking about spunking most of his money on a car, and an ugly car at that. If that's what he really wanted he'd have bought it rather than asking the internet if he should. I wonder what his ex girlfriends new bloke drives...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.
I hate to piss on people's chips but I have been through the whole buy an expensive car thing at around your age and I can tell you it is not all it is cracked up to be.
Buy a cheap fun car, forget ego purchases and spending $50k (lunacy)
Get out of your parents house asap, and enjoy life.
p.s I said enjoy life so don't get married it is a mugs game worse than expensive cars
Buy a cheap fun car, forget ego purchases and spending $50k (lunacy)
Get out of your parents house asap, and enjoy life.
p.s I said enjoy life so don't get married it is a mugs game worse than expensive cars
spadgm said:
I hate to piss on people's chips but I have been through the whole buy an expensive car thing at around your age and I can tell you it is not all it is cracked up to be.
Buy a cheap fun car, forget ego purchases and spending $50k (lunacy)
Get out of your parents house asap, and enjoy life.
p.s I said enjoy life so don't get married it is a mugs game worse than expensive cars
But isn't it apparent that the OP buying a GT-R and driving it is his way of enjoying life? Hell, some people think getting pissed and spunking £200 for the pleasure of waking up hungover is fun.Buy a cheap fun car, forget ego purchases and spending $50k (lunacy)
Get out of your parents house asap, and enjoy life.
p.s I said enjoy life so don't get married it is a mugs game worse than expensive cars
To the OP, just buy the car. You've already got an investment property which you can sell if need be when the time comes for you to move out if you ever need to. I'd say half the people in this thread are just bitter/jealous. Oh and don't have kids
Edited by DS197 on Sunday 4th October 12:13
A little comparison from a similar aged person. I'm 31 and lived with parents until I was about 26. I spent money on all kinds of cars as I was earning ok money, with no overheads. I never bought anything costing £50k, but regularly between £10-20k on things such as Impreza P1's, Megane 250, Rx7's, Skylines- when prices were a bit higher.
I have, just last year finally got a mortgage and on the property ladder and have had to downsize a little to an Integra DC5, which is totally awesome by the way
.
Contrast this to a friend of similar age, he had kids young think he was about 21 ish, by not being careful and thusly had to grow up far sooner than I and get himself a place of his own through hard graft and no extraneous spending. He has just sold his place and made a profit of around £160k, whacked a big deposit on a 4 bedroom house in Bickley, SE Ldn/Kent way and bought a Range Rover for £30k cash.
Still, only one of us has a Honda Integra!
I have, just last year finally got a mortgage and on the property ladder and have had to downsize a little to an Integra DC5, which is totally awesome by the way
.Contrast this to a friend of similar age, he had kids young think he was about 21 ish, by not being careful and thusly had to grow up far sooner than I and get himself a place of his own through hard graft and no extraneous spending. He has just sold his place and made a profit of around £160k, whacked a big deposit on a 4 bedroom house in Bickley, SE Ldn/Kent way and bought a Range Rover for £30k cash.
Still, only one of us has a Honda Integra!
In your shoes OP, I would probably halve the budget on the car, and put an extra £25k into the property. It's kind of the best of both worlds then. Plenty of cars I would love with £25k to spend, although if the only one you really want is the GTR then this approach probably mightn't suit
It's of no-one's concern here the reason for you moving home and you certainly shouldn't be judged for it. I also know that buying a car you really want can be a great experience
It's of no-one's concern here the reason for you moving home and you certainly shouldn't be judged for it. I also know that buying a car you really want can be a great experience
blade7 said:
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.
OP is nearly 30, living at home and talking about spunking most of his money on a car, and an ugly car at that. If that's what he really wanted he'd have bought it rather than asking the internet if he should. I wonder what his ex girlfriends new bloke drives...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.
Enjoy the car. The reasons for not getting it in your OP will never change. Next year will not be a better time than now. You want it, you can buy it now, buy it now or never have it. That's the decision you have to make now, or in 10 years time when you've got another bundle of cash and the opportunity arises again. It will always be now or never until you buy the thing you want.
If it is what you want, go for it.
To me, it's not special enough to warrant sinking an arm and a leg into.
Great car, for sure, clinically able but it doesn't get me, emotionally, to look at.
If I had a Lambo on the drive, I would drool at the thought, even a Corvette C7 Z06 but different floats for different boats.
To me, it's not special enough to warrant sinking an arm and a leg into.
Great car, for sure, clinically able but it doesn't get me, emotionally, to look at.
If I had a Lambo on the drive, I would drool at the thought, even a Corvette C7 Z06 but different floats for different boats.
Muzzer79 said:
I wouldn't spend 50 large on a car whilst I still lived with my Mum and Dad....
Just my 2p
This^^.Just my 2p
You may never have the chance to buy a car like this again. But, OTOH, you may never have the chance to buy a house this cheap again (with such a large deposit)
HairyMaclary said:
...Crass quoting your salary btw...
In general, yes. However, he's asking a question with a large financial component – he can hardly do that without mentioning the, er, financials...OP, here's what you do:
MTFU, get a bike license and enjoy the same performance without compromising your financial future.
(And before anyone bores me with the safety argument, if you're going to be using the performance of a fast car you'll be well into killing yourself territory anyway. So don't kid yourself. If you want safe, buy a hybrid and drive everywhere at 20mph).
I don't understand why you think it's not right to live in a house while single? I think you are missing something here !
I moved out when I was 19 and I can assure you at 29 I think I would be mentally damaged having to live at home again. What everyone says is true, you are 29, that isn't very young in the grand scheme of things, and you have a job which you hope is secure, but in reality, you have no idea. The fact that you are over thinking this and asking here, tells you what you need to know. Save every penny, get on the property market ASAP, even a small flat which you can rent to a young family would provide you with coverage for the mortgage - letting you live at home if you really wanted to.
Alternatively, buy a car which is appreciating in value, or costs max 10-15k enjoy it for what it is. Are you a true petrolhead or a poser? Does it matter if the car is worth 50k or 10k? Not really! I want to get an MX5 for the 'ring having seen how fantastic they can be with a few select mods. The whole package is ~5k for a true driving experience!
Look at this for the money - for a weekend car you'll never be bored !!!
http://www.pistonheads.com/classifieds/used-cars/n...
Having your own freedom is worth more than any car, and I'm a true car nut - I just think you want to eat the cake before it's baked. All IMHO of course -
I moved out when I was 19 and I can assure you at 29 I think I would be mentally damaged having to live at home again. What everyone says is true, you are 29, that isn't very young in the grand scheme of things, and you have a job which you hope is secure, but in reality, you have no idea. The fact that you are over thinking this and asking here, tells you what you need to know. Save every penny, get on the property market ASAP, even a small flat which you can rent to a young family would provide you with coverage for the mortgage - letting you live at home if you really wanted to.
Alternatively, buy a car which is appreciating in value, or costs max 10-15k enjoy it for what it is. Are you a true petrolhead or a poser? Does it matter if the car is worth 50k or 10k? Not really! I want to get an MX5 for the 'ring having seen how fantastic they can be with a few select mods. The whole package is ~5k for a true driving experience!
Look at this for the money - for a weekend car you'll never be bored !!!
http://www.pistonheads.com/classifieds/used-cars/n...
Having your own freedom is worth more than any car, and I'm a true car nut - I just think you want to eat the cake before it's baked. All IMHO of course -
blade7 said:
OP is nearly 30, living at home and talking about spunking most of his money on a car, and an ugly car at that. If that's what he really wanted he'd have bought it rather than asking the internet if he should. I wonder what his ex girlfriends new bloke drives...
How do you know he's nearly 30? His profile say's he's 18. 
TonyTony said:
blade7 said:
OP is nearly 30, living at home and talking about spunking most of his money on a car, and an ugly car at that. If that's what he really wanted he'd have bought it rather than asking the internet if he should. I wonder what his ex girlfriends new bloke drives...
How do you know he's nearly 30? His profile say's he's 18. Gassing Station | General Gassing | Top of Page | What's New | My Stuff