Appropriate salary to buy a Supercar
Discussion
jontysafe said:
Haha, hadn’t thought of it like that! Not sure my kids would appreciate me selling part of the garden for housing development to keep them at private school either.
I had a very happy childhood, but like nearly everyone in my town it was not a wealthy one. Holidays were in a touring caravan that we borrowed, and my dad had no choice but to maintain his own car, which he had to do a lot.I’ve no idea how to have my children have a similar lifestyle, how to make sure that they stay grounded, as the nature of my job and how I have to work means that we just can’t function the same way.
Paul MCartney apparently moved back into a council house when his son was born, I can’t see us doing that, but there’s definitely a temptation to move to a farm in the Pyrenees from where they can cycle to school.
PrinceRupert said:
BrundanBianchi said:
Quite right. A big shouty pantomime horse super car is the epitome of the difference between money and wealth. Money shouts, wealth whispers.
b
ks, plenty of wealthy people are ostentatious. I'm sure there are some who are ostentatious but in my experience, the 'Money Shouts, Wealth Whispers' statement holds true.
StevieBee said:
PrinceRupert said:
BrundanBianchi said:
Quite right. A big shouty pantomime horse super car is the epitome of the difference between money and wealth. Money shouts, wealth whispers.
bks, plenty of wealthy people are ostentatious. I'm sure there are some who are ostentatious but in my experience, the 'Money Shouts, Wealth Whispers' statement holds true.
Different things appeal to different people.
Countdown said:
I think ithere might be a different reason why so many rich people don't necessarily buy flash cars - it's simply because they're NOT petrolheads. They spend their money on other interests - holiday homes, watches, art, boats. One guy I know is a partner in the Big 4 and his last 4 cars were Mercedes S-Class, Tesla, Range Rover Autobiography and an X5. All very nice cars but not "Supercar". Another guy who is worth > £10m drives a 16-plate Glalaxy..
Different things appeal to different people.
Totally agree. Even at lower levels of wealth the majority of people don't go for this type of car.Different things appeal to different people.
I got stuck in traffic in my local town centre the other night due to some badly planned roadworks. There were plenty of relatively expensive 20 and 70 plate cars going past the other way, but in 15 minutes I don't think I saw a performance-focused car that would rival my old Boxster, let alone anything approaching a supercar!
It's similar when I drive down expensive private roads, multi million pound houses but rarely that many interesting cars parked outside them, mainly recent model Minis, Audis, Teslas and Range Rovers.
Kent Border Kenny said:
jontysafe said:
Haha, hadn’t thought of it like that! Not sure my kids would appreciate me selling part of the garden for housing development to keep them at private school either.
I had a very happy childhood, but like nearly everyone in my town it was not a wealthy one. Holidays were in a touring caravan that we borrowed, and my dad had no choice but to maintain his own car, which he had to do a lot.I’ve no idea how to have my children have a similar lifestyle, how to make sure that they stay grounded, as the nature of my job and how I have to work means that we just can’t function the same way.
Paul MCartney apparently moved back into a council house when his son was born, I can’t see us doing that, but there’s definitely a temptation to move to a farm in the Pyrenees from where they can cycle to school.
Countdown said:
I think ithere might be a different reason why so many rich people don't necessarily buy flash cars - it's simply because they're NOT petrolheads. They spend their money on other interests - holiday homes, watches, art, boats. One guy I know is a partner in the Big 4 and his last 4 cars were Mercedes S-Class, Tesla, Range Rover Autobiography and an X5. All very nice cars but not "Supercar". Another guy who is worth > £10m drives a 16-plate Glalaxy..
Different things appeal to different people.
This is fairly accurate I think, one v close pal of mine is properly loaded (high 8 figures) but not in the slightest bit into cars...even so he wanted a car for himself away from the family barge so bought a 2 yo DB11 on wait for it...PCP! Different things appeal to different people.
Countdown said:
I think ithere might be a different reason why so many rich people don't necessarily buy flash cars - it's simply because they're NOT petrolheads. They spend their money on other interests - holiday homes, watches, art, boats. One guy I know is a partner in the Big 4 and his last 4 cars were Mercedes S-Class, Tesla, Range Rover Autobiography and an X5. All very nice cars but not "Supercar". Another guy who is worth > £10m drives a 16-plate Glalaxy..
Different things appeal to different people.
You only have to walk around Sandbanks to see this is true.You'll see the family bus in every drive-way which is typically a Range Rover, and the other car is usually a white goods car or cooking spec German - only 1 in 5 probably has anything interesting and probably only 1 in 10/20 with something really tasty to look at - I mean Graeme Souness drives around in an old Q7 and Harry Redknapp a RR - i.e. not supercars (though both probably couldn't get in or out of one mind you).Different things appeal to different people.
However these people also live in £5m+ houses with yacht club memberships, holiday homes, kids at private school, etc. - it's the whole lifestyle - it's more than just having a supercar because you 'can afford it'.
hotchy said:
likesachange said:
As other have said depends on your priorities other than a decent salary.
Some people like myself arguably spend too much of there income on cars...
But if I took the advice of the more mature members of my family I would never have had cars like the Ariel Atom, TVR Tuscan, Zenos, AMG etc etc I’d just like I wouldn’t have been Racking up credit cards raving in Ibiza in my 20’s. All things if a Financial advisor would advice against am sure.
But I can sit here in my early 40’s look back and see what adventures and great cars I have had and feel very lucky to have done. Even though I’ve barely ever earned more than 35k a year!
Saving for when I’m 65 to be able to afford luxuries doesn't actually interest me. I feel like I’d be quite content living in a cosy little bungalow or even a local caravan park which in on the coast with residents and a good social club, in my retirement if of course I make it...
I’m sure it’s the “wrong” attitude by many many people but that’s my choice and certainly no regrets so far.
Your only here for one lap remember! The finishing line could be tomorrow
I watch that benidorm program where they all have static caravans that look like houses in a big community and actually think that would be great. Good weather, cheap everything, stuff to do, a cracking social life, pool to swim and your own we place with hot tub for nights. You dont need loads of money for that, but I suspect it's a better life than some have working 100 hours a week for a 5 bed house etc. Some people like myself arguably spend too much of there income on cars...
But if I took the advice of the more mature members of my family I would never have had cars like the Ariel Atom, TVR Tuscan, Zenos, AMG etc etc I’d just like I wouldn’t have been Racking up credit cards raving in Ibiza in my 20’s. All things if a Financial advisor would advice against am sure.
But I can sit here in my early 40’s look back and see what adventures and great cars I have had and feel very lucky to have done. Even though I’ve barely ever earned more than 35k a year!
Saving for when I’m 65 to be able to afford luxuries doesn't actually interest me. I feel like I’d be quite content living in a cosy little bungalow or even a local caravan park which in on the coast with residents and a good social club, in my retirement if of course I make it...
I’m sure it’s the “wrong” attitude by many many people but that’s my choice and certainly no regrets so far.
Your only here for one lap remember! The finishing line could be tomorrow
Edited by TheK1981 on Friday 23 October 12:08
StevieBee said:
Mmm. I have known over the years a very small number of seriously wealthy people. One recently sold one of his companies that put over £40m in his pocket. I worked for another in the 90s who's wealth was at a similar level. Something that was common to all is that there was nothing about them or their material items that would outwardly suggest such level of wealth. In fact, in some cases quite the opposite and to a level that begs the question... why bother?
I'm sure there are some who are ostentatious but in my experience, the 'Money Shouts, Wealth Whispers' statement holds true.
This is an example of the toupee fallacy and also, as pointed out above, you’ve not said what you think is the difference between money and wealth.I'm sure there are some who are ostentatious but in my experience, the 'Money Shouts, Wealth Whispers' statement holds true.
Countdown said:
I think ithere might be a different reason why so many rich people don't necessarily buy flash cars - it's simply because they're NOT petrolheads. They spend their money on other interests - holiday homes, watches, art, boats. One guy I know is a partner in the Big 4 and his last 4 cars were Mercedes S-Class, Tesla, Range Rover Autobiography and an X5. All very nice cars but not "Supercar". Another guy who is worth > £10m drives a 16-plate Glalaxy..
Different things appeal to different people.
My wife is a Big 4 partner and her office car park rarely has anything more exciting than a selection of FFRRs and maybe an F Type in it. They’re a conservative lot on the whole however there’s a PHer who’s a partner with one of the firms and IIRC drives a current model Lamborghini. Different things appeal to different people.
TheK1981 said:
hotchy said:
likesachange said:
As other have said depends on your priorities other than a decent salary.
Some people like myself arguably spend too much of there income on cars...
But if I took the advice of the more mature members of my family I would never have had cars like the Ariel Atom, TVR Tuscan, Zenos, AMG etc etc I’d just like I wouldn’t have been Racking up credit cards raving in Ibiza in my 20’s. All things if a Financial advisor would advice against am sure.
But I can sit here in my early 40’s look back and see what adventures and great cars I have had and feel very lucky to have done. Even though I’ve barely ever earned more than 35k a year!
Saving for when I’m 65 to be able to afford luxuries doesn't actually interest me. I feel like I’d be quite content living in a cosy little bungalow or even a local caravan park which in on the coast with residents and a good social club, in my retirement if of course I make it...
I’m sure it’s the “wrong” attitude by many many people but that’s my choice and certainly no regrets so far.
Your only here for one lap remember! The finishing line could be tomorrow
I watch that benidorm program where they all have static caravans that look like houses in a big community and actually think that would be great. Good weather, cheap everything, stuff to do, a cracking social life, pool to swim and your own we place with hot tub for nights. You dont need loads of money for that, but I suspect it's a better life than some have working 100 hours a week for a 5 bed house etc. Some people like myself arguably spend too much of there income on cars...
But if I took the advice of the more mature members of my family I would never have had cars like the Ariel Atom, TVR Tuscan, Zenos, AMG etc etc I’d just like I wouldn’t have been Racking up credit cards raving in Ibiza in my 20’s. All things if a Financial advisor would advice against am sure.
But I can sit here in my early 40’s look back and see what adventures and great cars I have had and feel very lucky to have done. Even though I’ve barely ever earned more than 35k a year!
Saving for when I’m 65 to be able to afford luxuries doesn't actually interest me. I feel like I’d be quite content living in a cosy little bungalow or even a local caravan park which in on the coast with residents and a good social club, in my retirement if of course I make it...
I’m sure it’s the “wrong” attitude by many many people but that’s my choice and certainly no regrets so far.
Your only here for one lap remember! The finishing line could be tomorrow
Edited by TheK1981 on Friday 23 October 12:08
There are many areas of Spain where you can buy a nice apartment or house for very reasonable money. Static vans in the UK are proportionality much cheaper than a comparable house, not sure the same can be said in Spain. Add in the site fees, the leasehold nature and the fact you, well, live in a caravan, I can't see much appeal as a preference.
Shnozz said:
Don't really understand why you would buy a static? I should imagine that it cannot be much more for a house, especially if you aimed a few miles inland rather than on the coast.
There are many areas of Spain where you can buy a nice apartment or house for very reasonable money. Static vans in the UK are proportionality much cheaper than a comparable house, not sure the same can be said in Spain. Add in the site fees, the leasehold nature and the fact you, well, live in a caravan, I can't see much appeal as a preference.
Cost and location, we were looking about 18k, for that its fully kitted out, furnished and transfer fees paid, then 2k a year site fees which includes water, clubhouse, pool, gym, bin collection, add electric about 500 a year, plus the community feel, if you want to sell its easy to sell on. 3 months in Spring, and 3 months in Autumn, home the rest of the year. An apartment can be the same cost, but middle of nowhere and like a ghost town.There are many areas of Spain where you can buy a nice apartment or house for very reasonable money. Static vans in the UK are proportionality much cheaper than a comparable house, not sure the same can be said in Spain. Add in the site fees, the leasehold nature and the fact you, well, live in a caravan, I can't see much appeal as a preference.
Sorry to change the subject all, though google knows what im writing, all the side links are now BMW, Jag and Merc.
PrinceRupert said:
What even is the difference between money and wealth?
The difference is easy to quantify. If you walk into a fancy emporium of whatever you like, and there’s a shouty person enquiring about whatever that emporium specialises in, then asks “how much is it” that’s money, if they see what they want, and purchase it without even enquiring about the price, that’s wealth. The ‘money’ person usually takes photo’s of it as well, and not for insurance purposes. The quintessential ‘money monkey’ will ( for example ) ‘buy’ ( rent is more usual ) a ‘high end car’ and kick off, right Royally if the red carpet isn’t rolled out, and a bunch of flowers, and a gigantic bow, aren’t provided when they pick up their new rental.StevieBee said:
Mmm. I have known over the years a very small number of seriously wealthy people. One recently sold one of his companies that put over £40m in his pocket. I worked for another in the 90s who's wealth was at a similar level. Something that was common to all is that there was nothing about them or their material items that would outwardly suggest such level of wealth. In fact, in some cases quite the opposite and to a level that begs the question... why bother?
I'm sure there are some who are ostentatious but in my experience, the 'Money Shouts, Wealth Whispers' statement holds true.
That’s my experience as well, generally speaking.I'm sure there are some who are ostentatious but in my experience, the 'Money Shouts, Wealth Whispers' statement holds true.
BrundanBianchi said:
The difference is easy to quantify. If you walk into a fancy emporium of whatever you like, and there’s a shouty person enquiring about whatever that emporium specialises in, then asks “how much is it” that’s money, if they see what they want, and purchase it without even enquiring about the price, that’s wealth. The ‘money’ person usually takes photo’s of it as well, and not for insurance purposes. The quintessential ‘money monkey’ will ( for example ) ‘buy’ ( rent is more usual ) a ‘high end car’ and kick off, right Royally if the red carpet isn’t rolled out, and a bunch of flowers, and a gigantic bow, aren’t provided when they pick up their new rental.
You talk some amount of nonsense. TheK1981 said:
Cost and location, we were looking about 18k, for that its fully kitted out, furnished and transfer fees paid, then 2k a year site fees which includes water, clubhouse, pool, gym, bin collection, add electric about 500 a year, plus the community feel, if you want to sell its easy to sell on. 3 months in Spring, and 3 months in Autumn, home the rest of the year. An apartment can be the same cost, but middle of nowhere and like a ghost town.
Sorry to change the subject all, though google knows what im writing, all the side links are now BMW, Jag and Merc.
Cheaper than I had appreciated to buy, to be fair. Sorry to change the subject all, though google knows what im writing, all the side links are now BMW, Jag and Merc.
Even still though, 2.5k for 6 months use in fees alone, plus capital tied up in it and I have heard of many stories where they have not been easily sellable at the end. By contrast, you can rent a nice 2 bed apartment for £400 - £450 a month so a 6 month rental would be a comparable cost to the site fees and you would have the same usage.
One man's meat is another's poison and all that; I guess the idea of a caravan park is just not my cup of tea.
And yes, apologies for going off track. To bring it vaguely back, in my case I saved up with a view to buying a supercar for my 40th and instead bought a villa in Spain. I enjoyed a 70/30 UK/Spain split before Covid and since Covid and WFH has been 100% of the time I just moved here full time. I dare say I have had a lot better use from it than the Huracan that I would have otherwise bought. That said, in some ways I think I should have enjoyed doing the supercar thing for a few years and then used that cash to buy property. Not sure I had the bottle for that though and having been in a mate's a few times I told myself an Exige would do 9/10's of the thrills and I could have that and another house.
I also know of one or two individuals who have some significant wealth, and are proper petrol heads, who will scour important auctions ( the Barrett-Jackson for example ) for some serious metal, or other auctions for serious metal, and you’ll only see them at historic racing events, and controlled demo events / concours d’elegance. They would drive a car which wouldn’t draw attention to them day to day.
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