Can I afford to run these cars?

[MDMA .]

Audemars said:

A salary of £100k can not afford an R8

Of course this is a petrol head forum which means people with no money skills forum.

Edited by Audemars on Thursday 28th July 21:14

Straight from the horses mouth.

[SWoll]

How disappointing. I was hoping for a reasoned breakdown as to why you can't afford to have a decent house, furniture and also run a second hand £45K R8 when earning £5.5K a month after tax...

[rongagin]

Audemars said in June:
"When I broke the 6 figs barrier many many years ago I never even contemplated a brand new car. Dont know how you guys on less do it.
Whilst this will no doubt annoy many on here a £100k salary is still a st salary to live comfortably on. "

So you can see his reasoning, can't you? No me neither haha

[Jiebo]

rongagin said:

Audemars said in June:
"When I broke the 6 figs barrier many many years ago I never even contemplated a brand new car. Dont know how you guys on less do it.
Whilst this will no doubt annoy many on here a £100k salary is still a st salary to live comfortably on. "

So you can see his reasoning, can't you? No me neither haha

He lives in London. Mystery solved huh

[MDMA .]

Jiebo said:

He lives in London. Mystery solved huh

In the spare bedroom at his mums, probably.

Saving as much of his 6 figs as possible to avoid living in an average house with rubbish furniture. Another forum fantasist.

[Sam.]

Ranchitup said:

LOL! That's not the intention behind the purchase. I have a gf.

Then technically you have zero spare money after bills.

[SWoll]

Jiebo said:

rongagin said:

Audemars said in June:
"When I broke the 6 figs barrier many many years ago I never even contemplated a brand new car. Dont know how you guys on less do it.
Whilst this will no doubt annoy many on here a £100k salary is still a st salary to live comfortably on. "

So you can see his reasoning, can't you? No me neither haha

He lives in London. Mystery solved huh

Not really. The mystery is why he seems to think everyone else does?

[jamieduff1981]

OP - you probably could afford the cars.

I'm going to suggest you don't though. Although £42k/year is a salary many would love to have, it's still not great to be honest. You could roll around in an exotic car, but since you dismissed one or two suggestions for being too conservative, it sounds as though you want a bit of flash.

I'm going to suggest you'll look a bit of a prat pulling in to the work's car park in a Bentley earning a fairly modest £42k/year. Flash works well when you have a enough money that when you want a nice photograph of your Bentley, you don't need to drive it out of your own property to get it. Your clothes and food choices should also be fairly good quality. I don't mean that you need a Saville Row suit to drive a Bentley, but your T.M. Lewin suit should be fking tailored to fit you properly rather than one from Marks & Spencer.

That all might sound a bit prattish - it's not meant to. What I'm trying to tell you is that the vast majority will not be impressed by someone who has clearly compromised in most areas to drive an exotic car around. You're not wealthy. You may be in the future, but you're not wealthy yet.

You can have something unusual without trying to look flash. People can at least respect that you have an expensive hobby, but seriously, cruising London in a Bentley trying to look like Billy Bigballs on £42k/year is not where you want to be.

[TIGA84]

Jiebo said:

I totally agree.

I'm not bragging in anyway, but I'm 30 with a salary of circa £120k and even I wouldn't touch any of these cars at this point in my life.

These things make sense when you're in your 40s, having paid off most of your mortgage, have a nice pension, possibly have another house and have enough in the bank where spending £40k shouldn't need a loan.

Just my opinion. But if you've got loaded parents that have bought you a house, go for it.

Jesus Christ, this place is really full of total s now isn't it?

[boobles]

TIGA84 said:

Jiebo said:

I totally agree.

I'm not bragging in anyway, but I'm 30 with a salary of circa £120k and even I wouldn't touch any of these cars at this point in my life.

These things make sense when you're in your 40s, having paid off most of your mortgage, have a nice pension, possibly have another house and have enough in the bank where spending £40k shouldn't need a loan.

Just my opinion. But if you've got loaded parents that have bought you a house, go for it.

Jesus Christ, this place is really full of total s now isn't it?

It is school holidays remember!

[Smanks]

Jiebo said:

I know you think you're funny, but if the OP lives in London its a true statement..

Average house price is around £900,000...

No it isn't

[R8Steve]

iphonedyou said:

R8Steve said:

He's not talking about the OP!

On another note though, i had the R8 at that age and made a bit less than that at the time and found it entirely manageable.

What's your 2000th post going to be?

As you've asked me a question i'll use it to answer you.

Answer - see above

[SWoll]

jamieduff1981 said:

OP - you probably could afford the cars.

I'm going to suggest you don't though. Although £42k/year is a salary many would love to have, it's still not great to be honest. You could roll around in an exotic car, but since you dismissed one or two suggestions for being too conservative, it sounds as though you want a bit of flash.

I'm going to suggest you'll look a bit of a prat pulling in to the work's car park in a Bentley earning a fairly modest £42k/year. Flash works well when you have a enough money that when you want a nice photograph of your Bentley, you don't need to drive it out of your own property to get it. Your clothes and food choices should also be fairly good quality. I don't mean that you need a Saville Row suit to drive a Bentley, but your T.M. Lewin suit should be fking tailored to fit you properly rather than one from Marks & Spencer.

That all might sound a bit prattish - it's not meant to. What I'm trying to tell you is that the vast majority will not be impressed by someone who has clearly compromised in most areas to drive an exotic car around. You're not wealthy. You may be in the future, but you're not wealthy yet.

You can have something unusual without trying to look flash. People can at least respect that you have an expensive hobby, but seriously, cruising London in a Bentley trying to look like Billy Bigballs on £42k/year is not where you want to be.

Or just don't worry about what other people think and do what makes you happy?

The question is can he afford to do it, not if he has a thick enough skin to cope with the daft opinions of the kind of jealous and or judgemental aholes you describe.

Smanks said:

Jiebo said:

I know you think you're funny, but if the OP lives in London its a true statement..

Average house price is around £900,000...

No it isn't

Indeed. Very quick google search suggests more like £600k, but why let facts get in the way eh?

Edited by SWoll on Friday 29th July 08:38

[MDMA .]

https://files.datapress.com/london/wp-uploads/2016...

1 out of 33 boroughs is ! don't let the facts spoil a good thread though.

[GreatGranny]

Totally agree.

Lets not start the 'if you need finance you can't afford it' bks.

OP, look into it carefully
Be realistic with your costs
Get a decent warranty if you can
Buy with your head

If you still think you can afford it then go for it.

Who cares what other people think or if you are driving it wearing an M&S suit.
Paul Smith driving an M3 or M&S driving a 997

Personally it would be the 997 for me at that price.
Should be able to pick up a 997S Gen II
Not as flash as some of the others suggested but costs will be manageable and you will be able to buy a decent warranty.

[iphonedyou]

R8Steve said:

As you've asked me a question i'll use it to answer you.

Answer - see above

Woo! I feel honoured!

OP - do you still live at home? I ask advisedly, not looking to take the piss.

[R8Steve]

SuperchargedVR6 said:

R8Steve said:

SuperchargedVR6 said:

iphonedyou said:

SuperchargedVR6 said:

Care to elaborate?

He's one of our resident trolls. He earns 'six figs' and could buy The Shard without resorting to finance like plebs would. His current account statement would make Qatar's sovereign wealth fund look like my bank account a week from payday.

Ah OK, thanks for clearing that up. We need a troll list for less frequent visitors I didn't notice the low post count either, tsk. It's late in the day.

I did initially think £42K PA, 30 years old and R8/Bentley/Maserati smelled a bit fishy!

He's not talking about the OP!

On another note though, i had the R8 at that age and made a bit less than that at the time and found it entirely manageable.

OK, I missed something somewhere then.

You're lucky then because I earn a fair chunk more than the OP and I can't afford an R8!

I'd actually go further and say that the R8 has cost LESS over 5 years than say a new BMW 320, maybe even a Ford Fiesta!

Some of the numbers been thrown about in here are laughable. Need £120k+ salary, mortgage paid off and 'maybe a second house' before you can consider buying a second hand Audi? Seriously?

You do realise that it's basically the equivalent of buying a new BMW 330 with a few options right?

[anonymous-user]

boobles said:

TIGA84 said:

Jiebo said:

I totally agree.

I'm not bragging in anyway, but I'm 30 with a salary of circa £120k and even I wouldn't touch any of these cars at this point in my life.

These things make sense when you're in your 40s, having paid off most of your mortgage, have a nice pension, possibly have another house and have enough in the bank where spending £40k shouldn't need a loan.

Just my opinion. But if you've got loaded parents that have bought you a house, go for it.

Jesus Christ, this place is really full of total s now isn't it?

It is school holidays remember!

Totally.

I know this isn't a penis-brandishing forum, but I live very comfortably on a fraction of some of the salaries being lied about above.

I know an NHS nurse who runs around in a brand new (when she bought it, 63 reg I think) SLK55, and a colleague in the local County Council who has just bought herself a V10 R8. I bet both of those are on lower salaries than £42k. My brother is RAF and runs around in a brand new Cayman - and I KNOW he's on less than that!

OP Do it. 911 or R8 would be my call. YOYO, as I think the young'uns say.

[Bill]

OpulentBob said:

YOYO, as I think the young'uns say.

It's the cheapest way to go round the world.

[AMGJocky]

Ranchitup said:

AMGJocky said:

If you want one of those cars bad enough, then do it. If it comes back to bite you in the arse somehow, sell the car and move on.

Yeah that’s what I was thinking. I’m ready to make some losses. Would early repayment charges apply on car finance? I assume on a loan they will.

I'm not sure on finance as whenever I've ended an agreement early, it was via trade in. For a loan, you just get the settlement figure of what's left to pay inc interest and you're done. Added bonus of a loan is that the money isn't tied to the car as well.