Appropriate salary to buy a Supercar
Discussion
Kent Border Kenny said:
I’ve a guy on another thread taking the piss out of me for driving a McLaren, as apparently his Skoda is more reliable
I hadn’t thought of that. He’s right - it would be a lot cheaper to run a Skoda than almost any supercar. The guys a genius. Gosh, if this gets out, supercar sales will absolutely plummet.gangzoom said:
Mr Whippy said:
That’s it, it’s about passion.
If you earn £3,000 a month and can live off £1,000, then you’ve got £2,000 to enjoy your interests and passions.
That's not passion, that's poor/non existent financial planning. Anyone even thinking of doing the above is never going get themselves in to a position of true wealth. If you earn £3,000 a month and can live off £1,000, then you’ve got £2,000 to enjoy your interests and passions.
True wealth is a myth. All you do is buy bigger tellies, bigger houses, bigger cars, yadda yadda.
Beyond a certain point it’s pointless.
When all the wealthy people I’ve known died, they were dead.
They should have all probably spent more and been less wealthy and enjoyed passions while they could.
If there is anything after this life, it surely will not matter a jot what your final score of money was... more likely to be scored on having had fun and enjoyed passions or not.
gangzoom said:
Spending 2/3 of your income on a car......thats just not even close to been foolish.
No, it’s not foolish at all.Accumulating wealth may be the right thing for you, but it’s not for everyone.
By your measure, me spending all of my supermarket wages on beer and crisps would have been idiotic, but I don’t regret it at all.
May I ask, how much extra wealth have you accumulated through not having nicer cars, and what do you plan to do with it?
Are you certain that as the light starts to fade at the end of your life that you’ll think the same way, that your share portfolio is the better investment than having a memory of driving in your twenties with a beautiful woman to Nice in a Ferrari via the Alps, when you have the stamina and the body to enjoy every moment properly?
Perhaps you’re right, but I suspect that there’s also a chance that you aren’t.
Edited to add, me posting this made me think of the Ballad of Lucy Jordan, which I’m listening to now, and reminded me that when I was properly wiped out in 2009, and found myself divorced, unemployed and with less money to my name than I thought possible given where I’d been in 2007 that I called McLaren on the morning that the Frankfurt motor show opened, and placed an order for a McLaren MP4-12C, deciding that it was a far better idea to have a year touring Europe in it staying in the best hotels than to have a slightly nicer kitchen than I’d otherwise have, for the rest of my life.
Edited by Kent Border Kenny on Monday 2nd November 14:37
Mr Whippy said:
But if they’re enjoying their passion now, then what will “true wealth” get them later?
True wealth is a myth. All you do is buy bigger tellies, bigger houses, bigger cars, yadda yadda.
Beyond a certain point it’s pointless.
When all the wealthy people I’ve known died, they were dead.
They should have all probably spent more and been less wealthy and enjoyed passions while they could.
If there is anything after this life, it surely will not matter a jot what your final score of money was... more likely to be scored on having had fun and enjoyed passions or not.
Your missing the point of true wealth. Its not the numbers in your bank account but enable you to live life with a certain peace of mind. Giving you the freedom to never have money worries. True wealth is a myth. All you do is buy bigger tellies, bigger houses, bigger cars, yadda yadda.
Beyond a certain point it’s pointless.
When all the wealthy people I’ve known died, they were dead.
They should have all probably spent more and been less wealthy and enjoyed passions while they could.
If there is anything after this life, it surely will not matter a jot what your final score of money was... more likely to be scored on having had fun and enjoyed passions or not.
Its a state of mind!
Kent Border Kenny said:
No, it’s not foolish at all.
Accumulating wealth may be the right thing for you, but it’s not for everyone.
By your measure, me spending all of my supermarket wages on beer and crisps would have been idiotic, but I don’t regret it at all.
May I ask, how much extra wealth have you accumulated through not having nicer cars, and what do you plan to do with it?
Are you certain that as the light starts to fade at the end of your life that you’ll think the same way, that your share portfolio is the better investment than having a memory of driving in your twenties with a beautiful woman to Nice in a Ferrari via the Alps, when you have the stamina and the body to enjoy every moment properly?
Perhaps you’re right, but I suspect that there’s also a chance that you aren’t.
Edited to add, me posting this made me think of the Ballad of Lucy Jordan, which I’m listening to now, and reminded me that when I was properly wiped out in 2009, and found myself divorced, unemployed and with less money to my name than I thought possible given where I’d been in 2007 that I called McLaren on the morning that the Frankfurt motor show opened, and placed an order for a McLaren MP4-12C, deciding that it was a far better idea to have a year touring Europe in it staying in the best hotels than to have a slightly nicer kitchen than I’d otherwise have, for the rest of my life.
I think many can really sympathise and indeed empathise with you my friend. At our lowest points, we’ve all had the dilemma of a brand new Mclaren or a new kitchen. Your struggle sounds real. Accumulating wealth may be the right thing for you, but it’s not for everyone.
By your measure, me spending all of my supermarket wages on beer and crisps would have been idiotic, but I don’t regret it at all.
May I ask, how much extra wealth have you accumulated through not having nicer cars, and what do you plan to do with it?
Are you certain that as the light starts to fade at the end of your life that you’ll think the same way, that your share portfolio is the better investment than having a memory of driving in your twenties with a beautiful woman to Nice in a Ferrari via the Alps, when you have the stamina and the body to enjoy every moment properly?
Perhaps you’re right, but I suspect that there’s also a chance that you aren’t.
Edited to add, me posting this made me think of the Ballad of Lucy Jordan, which I’m listening to now, and reminded me that when I was properly wiped out in 2009, and found myself divorced, unemployed and with less money to my name than I thought possible given where I’d been in 2007 that I called McLaren on the morning that the Frankfurt motor show opened, and placed an order for a McLaren MP4-12C, deciding that it was a far better idea to have a year touring Europe in it staying in the best hotels than to have a slightly nicer kitchen than I’d otherwise have, for the rest of my life.
Edited by Kent Border Kenny on Monday 2nd November 14:37
Badda said:
Kent Border Kenny said:
No, it’s not foolish at all.
Accumulating wealth may be the right thing for you, but it’s not for everyone.
By your measure, me spending all of my supermarket wages on beer and crisps would have been idiotic, but I don’t regret it at all.
May I ask, how much extra wealth have you accumulated through not having nicer cars, and what do you plan to do with it?
Are you certain that as the light starts to fade at the end of your life that you’ll think the same way, that your share portfolio is the better investment than having a memory of driving in your twenties with a beautiful woman to Nice in a Ferrari via the Alps, when you have the stamina and the body to enjoy every moment properly?
Perhaps you’re right, but I suspect that there’s also a chance that you aren’t.
Edited to add, me posting this made me think of the Ballad of Lucy Jordan, which I’m listening to now, and reminded me that when I was properly wiped out in 2009, and found myself divorced, unemployed and with less money to my name than I thought possible given where I’d been in 2007 that I called McLaren on the morning that the Frankfurt motor show opened, and placed an order for a McLaren MP4-12C, deciding that it was a far better idea to have a year touring Europe in it staying in the best hotels than to have a slightly nicer kitchen than I’d otherwise have, for the rest of my life.
I think many can really sympathise and indeed empathise with you my friend. At our lowest points, we’ve all had the dilemma of a brand new Mclaren or a new kitchen. Your struggle sounds real. Accumulating wealth may be the right thing for you, but it’s not for everyone.
By your measure, me spending all of my supermarket wages on beer and crisps would have been idiotic, but I don’t regret it at all.
May I ask, how much extra wealth have you accumulated through not having nicer cars, and what do you plan to do with it?
Are you certain that as the light starts to fade at the end of your life that you’ll think the same way, that your share portfolio is the better investment than having a memory of driving in your twenties with a beautiful woman to Nice in a Ferrari via the Alps, when you have the stamina and the body to enjoy every moment properly?
Perhaps you’re right, but I suspect that there’s also a chance that you aren’t.
Edited to add, me posting this made me think of the Ballad of Lucy Jordan, which I’m listening to now, and reminded me that when I was properly wiped out in 2009, and found myself divorced, unemployed and with less money to my name than I thought possible given where I’d been in 2007 that I called McLaren on the morning that the Frankfurt motor show opened, and placed an order for a McLaren MP4-12C, deciding that it was a far better idea to have a year touring Europe in it staying in the best hotels than to have a slightly nicer kitchen than I’d otherwise have, for the rest of my life.
Edited by Kent Border Kenny on Monday 2nd November 14:37
That does have to be up there with 'the most PH' posts of all time.
Badda said:
I think many can really sympathise and indeed empathise with you my friend. At our lowest points, we’ve all had the dilemma of a brand new Mclaren or a new kitchen. Your struggle sounds real.
Thanks, it was indeed tough, I’d never been out of work before.I did try to stay positive and look on the bright side. Having only one home kept life simple, for example, and running only one car (a B7 RS4) did likewise.
So yes, hard times, but a positive attitude went a long way to helping me get through.
Edited by Kent Border Kenny on Monday 2nd November 20:03
Kent Border Kenny said:
Badda said:
I think many can really sympathise and indeed empathise with you my friend. At our lowest points, we’ve all had the dilemma of a brand new Mclaren or a new kitchen. Your struggle sounds real.
Thanks, it was indeed tough, I’d never been out of work before.I did try to stay positive and look on the bright side. Having only one home kept life simple, for example, and running only one car (a B7 RS4) did likewise.
If I woke up to find that my friends in NYC were having a night out that night I could just fly out to it, and if the weather turned miserable I could drive down to see family in Nice.
So yes, hard times, but a positive attitude went a long way to helping me get through.
Kent Border Kenny said:
bobbysmithy said:
Absolute gold. 'I was at my lowest point with less money than I thought was possible, so I bought a McLaren'
Now now, ordered, not bought, let’s not exaggerate.As it turned out I found work again, so decided to stop being so nihilistic, and buy a home instead.
gangzoom said:
SuperBaaaad said:
Massive discounts and PCP.
You can get a McLaren 570s for £20k down and £999 a month.
I presume that's a 3 year deal? So add in the £20k deposit to monthly payments and you are looking at £1800/month down the drain. Add in insurance running costs and its probably the equivalent of roughly £35k per tax salary.You can get a McLaren 570s for £20k down and £999 a month.
Our mortgage payment is actually higher than that, even before overpayments. The difference is one is a waste of money with pretty much nothing to show for it at the end of 3 years apart from some photos and a seriously battered bank account, whilst the other is securing the future not just for me but eventually for my daughter when the debt is fully paid off.
To have the financial ability to just effectively write off £2k/month with no concerns about equality requires an income most of us here can only dream off. It'll certainly be a figure far above the additional tax bracket.
Up until Covid struck, we had both kids in nursery at a monthly cost of circa £1800 and didn’t really live like paupers.
Admittedly now the eldest has started school it is a bit of a relief not to be shelling out so much. But it was a choice we made, without kids I can see how people on similar salaries can afford shiny fast cars.
jakesmith said:
Lord.Vader said:
Again, you are seeing it from your perspective, many wouldn’t see it as a waste as it isn’t.
£450 per month running costs / insurance, really? ... the £20k has already been paid, so is irrelevant, it’s £1000 per month plus insurance / service, as it’ll be under warranty.
Why do people hark on about leaving their houses for their kids ... odds are it’ll be consumed by your care home costs as we live longer.
I hope my parents spend every penny they have got and enjoy it.
You’d have a point if the topic was ‘cost to buy and run a supercar’ ... but it isn’t. £450 per month running costs / insurance, really? ... the £20k has already been paid, so is irrelevant, it’s £1000 per month plus insurance / service, as it’ll be under warranty.
Why do people hark on about leaving their houses for their kids ... odds are it’ll be consumed by your care home costs as we live longer.
I hope my parents spend every penny they have got and enjoy it.
£20k down, £999/month + balloon payment at the end / hand it back etc.
TBH, running costs are just road tax (£2,100 year one, then £465/ year years 2+3, insurance and fuel + tyres if you drive like a t
t, because it’s brand new so no MOT’s or costs fixing things that break.To those saying it’s a waste of money / too expensive, well, as others have said, it’s all subjective. If you’re on £100K+, which many on here are, and say you’re single or don’t have any dependents, then I’d say it’s more than affordable - even after say £2,000 a month of outgoings on mortgage and bills etc, £1,500 on that would still leave just shy of £2k to live off. Easy.
Yeah the numbers say it's possible but that people don't do it
In the UK more than 1.2 million people earn over £100k
There are then probably several million more households with a combined income of £100k or more who have even more disposable income than a single on £100k
2018 McLarren produced 4000 cars for the global market
People earning £100k do not spunk £22k down & £1k a month on a McLaren or they would be selling significantly more.
In the UK more than 1.2 million people earn over £100k
There are then probably several million more households with a combined income of £100k or more who have even more disposable income than a single on £100k
2018 McLarren produced 4000 cars for the global market
People earning £100k do not spunk £22k down & £1k a month on a McLaren or they would be selling significantly more.
gangzoom said:
Kent Border Kenny said:
You seem determined to paint people who make different choices than you as fools.
Spending 2/3 of your income on a car......thats just not even close to been foolish. He’s not going to see his future.
I didn’t know him, but quite a few of the people I know did.
When all the messages of grief from his friends started appearing on Facebook, they weren’t about how good he was at saving, or about how frugal he was. They were about how much he lived his life. How much fun he had. How spontaneous and fun loving he was.
In another instance, an old neighbour who I got to know because he was into his cars and had just bought a new S3, started getting bad headaches one day. A few weeks later he was in hospital in an induced coma. Three weeks after that he was dead. He was 38. His S3 sat in the garage and never got driven.
The point is, you never really know when your time is going to come, so it’s all well and good you sitting there saying it’s foolish to spend loads of money on things like cars, but unfortunately life often doesn’t care about your grand plans.
Life’s too short and you only live once, so if people want to spend all of their money on getting a super car then I say fair play.
Edited by SuperBaaaad on Monday 2nd November 21:12
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