Appropriate salary to buy a Supercar
Discussion
okgo said:
Nothing about what you've said adds up, or even makes sense for 1% of people, let alone it be anywhere near normal.
If you really want something you will focus on it though. Wasn’t there a reasonably well known case of a nurse who focussed on what she wanted and bought herself a Dodge Viper a few years ago?Bloxxcreative said:
I couldn't care less and I think people are judging on their own situation.
Say 40k is what, 2.7k a month, so if you bought in 2011 when houses were cheap you'd have a mortgage of say 600pm as well as equity, bills and CT, another 250, food, 250, holiday money and savings 800 etc. Assuming you're 30, you'd have pocketed enough to drop a decent sum with or without finance on the car.
Then a 2nd income on top.
Lots of people basing this on their own situation.
Although I'd not have the steelies to have a 360 on that kinda salary. Lol
But if you had 20k cash in the bank for bills - it might be easier to own and enjoy?Say 40k is what, 2.7k a month, so if you bought in 2011 when houses were cheap you'd have a mortgage of say 600pm as well as equity, bills and CT, another 250, food, 250, holiday money and savings 800 etc. Assuming you're 30, you'd have pocketed enough to drop a decent sum with or without finance on the car.
Then a 2nd income on top.
Lots of people basing this on their own situation.
Although I'd not have the steelies to have a 360 on that kinda salary. Lol
okgo said:
Thankyou4calling said:
Yep you’re right. You know my circumstances.
I don't, but trotting out that you can run a ferrari on 40 grand while paying a mortgage, taking holidays and living a good life is some stretch, even for PH.I drive through the car park in work, the vast majority of our staff are shop floor, £35-40k.
There are M3 / M4, AMGs, a couple of Bentleys, countless 135i / 140i, all cars that are arguably more than one years salary.
I’m not an outlier at all, I had a well paying job in Germany that allowed me to save, I’ve got a decent job now but live in a cheap part of the country, I’ve got a hefty mortgage, wife doesn’t earn that much, 3 cars / 1 bike, just got married, plenty of savings, holidays, nice watches / clothes and no really debt other than a loan for a car.
It’s all about your priorities and managing expenditure.
Running a Ferrari on £40k is entirely feasible if you have no repayments for the car.
I put £350 into an account each month to cover all costs (all cars) and insurances, it builds up quite nicely and easily covers all my costs.
Just because it doesn’t work for you doesn’t mean it doesn’t for others.
You see people spending £200 a month in Starbucks, that too me is a waste.
Edited by Lord.Vader on Tuesday 27th October 12:41
Benbay001 said:
Or a remortgage
How does someone save for a deposit in the first place while living a good life and going on holidays on 45k?Wouldn't it all be easier to just admit he got given the money, making the salary a moot point, which is the point of this (albeit silly) thread?
okgo said:
How does someone save for a deposit in the first place while living a good life and going on holidays on 45k?
Wouldn't it all be easier to just admit he got given the money, making the salary a moot point, which is the point of this (albeit silly) thread?
By not spending hundreds a month on Pret and swanky bars?Wouldn't it all be easier to just admit he got given the money, making the salary a moot point, which is the point of this (albeit silly) thread?
anonymous said:
[redacted]
And the other upside of course is that quality girlfriends i.e 'keepers' will invariably insist on paying their very expensive way at all times and how could you refuse mindful of the rapidly accumulating car fund stash especially in these pc times of increasing equality and wokery.Indeed It surely would be rude not too.
:okgo said:
Benbay001 said:
Or a remortgage
How does someone save for a deposit in the first place while living a good life and going on holidays on 45k?Wouldn't it all be easier to just admit he got given the money, making the salary a moot point, which is the point of this (albeit silly) thread?
Jealous?
I had two houses on £30-38k by the time I was 24, easy if you use half your brain, had loads of holidays, travelled the world (work and fun).
I know folk who spend vast amounts on nothing, lad I worked with bought breakfast at work which was two rounds of toast and a coffee (£2.50) then lunch was sandwich, crisps and a drink, usually 5 to 6 quid, then usually another coffee or two with a snack during the day. So for each day at work he spent maybe £12 to £15. He also smoked a pack and a bit of fags a day, another tenner plus. I know another chap who spends similarly in Starbucks, always the most sickly thing they do, plus a couple of cakes but he is massively in debt. Its like he doesnt connect those pounds with the ones on statements or just thinks f
k it.
Probably £25 a day, conservatively, on stuff he could have easily done for a fiver, I just couldn't afford to do that so it was Porridge in the Microwave, can of Soup at lunch and a few bits of fruit or whatever, cycled to work when I could so saved a few quid on petrol and got some exercise.
I think things that used to be a treat have seemingly morphed into a basic human right, I suppose eating at Pret and buying coffees every two hours is fine if your salary is such you barely notice it, but most do, its only a fiver, but all those add up into proper sums over time. I used to buy car magazines all the time, bet I could have bought a car with all those £4's.
I dont always get it right, but I dont owe any money, partly down to luck but I am pretty careful nowadays, but its taken a bloody long time to get my head round money.
k it.Probably £25 a day, conservatively, on stuff he could have easily done for a fiver, I just couldn't afford to do that so it was Porridge in the Microwave, can of Soup at lunch and a few bits of fruit or whatever, cycled to work when I could so saved a few quid on petrol and got some exercise.
I think things that used to be a treat have seemingly morphed into a basic human right, I suppose eating at Pret and buying coffees every two hours is fine if your salary is such you barely notice it, but most do, its only a fiver, but all those add up into proper sums over time. I used to buy car magazines all the time, bet I could have bought a car with all those £4's.
I dont always get it right, but I dont owe any money, partly down to luck but I am pretty careful nowadays, but its taken a bloody long time to get my head round money.
J4CKO said:
I know folk who spend vast amounts on nothing, lad I worked with bought breakfast at work which was two rounds of toast and a coffee (£2.50) then lunch was sandwich, crisps and a drink, usually 5 to 6 quid, then usually another coffee or two with a snack during the day. So for each day at work he spent maybe £12 to £15. He also smoked a pack and a bit of fags a day, another tenner plus. I know another chap who spends similarly in Starbucks, always the most sickly thing they do, plus a couple of cakes but he is massively in debt. Its like he doesnt connect those pounds with the ones on statements or just thinks fk it.
Probably £25 a day, conservatively, on stuff he could have easily done for a fiver, I just couldn't afford to do that so it was Porridge in the Microwave, can of Soup at lunch and a few bits of fruit or whatever, cycled to work when I could so saved a few quid on petrol and got some exercise.
I think things that used to be a treat have seemingly morphed into a basic human right, I suppose eating at Pret and buying coffees every two hours is fine if your salary is such you barely notice it, but most do, its only a fiver, but all those add up into proper sums over time. I used to buy car magazines all the time, bet I could have bought a car with all those £4's.
I dont always get it right, but I dont owe any money, partly down to luck but I am pretty careful nowadays, but its taken a bloody long time to get my head round money.
Absolutely, if you don't buy breakfast and lunch you can easily afford a supercar on 30k. k it.Probably £25 a day, conservatively, on stuff he could have easily done for a fiver, I just couldn't afford to do that so it was Porridge in the Microwave, can of Soup at lunch and a few bits of fruit or whatever, cycled to work when I could so saved a few quid on petrol and got some exercise.
I think things that used to be a treat have seemingly morphed into a basic human right, I suppose eating at Pret and buying coffees every two hours is fine if your salary is such you barely notice it, but most do, its only a fiver, but all those add up into proper sums over time. I used to buy car magazines all the time, bet I could have bought a car with all those £4's.
I dont always get it right, but I dont owe any money, partly down to luck but I am pretty careful nowadays, but its taken a bloody long time to get my head round money.
J4CKO said:
I know folk who spend vast amounts on nothing, lad I worked with bought breakfast at work which was two rounds of toast and a coffee (£2.50) then lunch was sandwich, crisps and a drink, usually 5 to 6 quid, then usually another coffee or two with a snack during the day. So for each day at work he spent maybe £12 to £15. He also smoked a pack and a bit of fags a day, another tenner plus. I know another chap who spends similarly in Starbucks, always the most sickly thing they do, plus a couple of cakes but he is massively in debt. Its like he doesnt connect those pounds with the ones on statements or just thinks fk it.
Probably £25 a day, conservatively, on stuff he could have easily done for a fiver, I just couldn't afford to do that so it was Porridge in the Microwave, can of Soup at lunch and a few bits of fruit or whatever, cycled to work when I could so saved a few quid on petrol and got some exercise.
I think things that used to be a treat have seemingly morphed into a basic human right, I suppose eating at Pret and buying coffees every two hours is fine if your salary is such you barely notice it, but most do, its only a fiver, but all those add up into proper sums over time. I used to buy car magazines all the time, bet I could have bought a car with all those £4's.
I dont always get it right, but I dont owe any money, partly down to luck but I am pretty careful nowadays, but its taken a bloody long time to get my head round money.
Very true.k it.Probably £25 a day, conservatively, on stuff he could have easily done for a fiver, I just couldn't afford to do that so it was Porridge in the Microwave, can of Soup at lunch and a few bits of fruit or whatever, cycled to work when I could so saved a few quid on petrol and got some exercise.
I think things that used to be a treat have seemingly morphed into a basic human right, I suppose eating at Pret and buying coffees every two hours is fine if your salary is such you barely notice it, but most do, its only a fiver, but all those add up into proper sums over time. I used to buy car magazines all the time, bet I could have bought a car with all those £4's.
I dont always get it right, but I dont owe any money, partly down to luck but I am pretty careful nowadays, but its taken a bloody long time to get my head round money.
Never ceases to amaze me the amounts ££ office 'snowflakes' spunk on frippery such as crap quality grossly overpriced coffees and dire curled up sandwiches just because they cannot be arsed making their own up the night before.
And then of course they plead the inevitable poverty.
Translates to literally thousands of ££ year in year out which could be far better spent on that house deposit etc.
'Cut your coat according to your cloth' appears to be a long forgotton mantra in these times of self entitlement and instant gratification.
I think a supercar can be run on a reasonable salary - as has been demonstrated here.
To make it most viable it seems to require
Conversely, to buy a new / close to new supercar, run it, replace it with another, IMHO requires serious financial weight either a consistent high salary or significant periodic cash inputs (bonuses) or high net worth.
All IMHO
To make it most viable it seems to require
- determination
- a likely original funding source - perhaps built from equity in other cars, savings, property equity or inheritance, etc.
- enough knowledge gathered to buy the right car at the right price
- an element of luck
Conversely, to buy a new / close to new supercar, run it, replace it with another, IMHO requires serious financial weight either a consistent high salary or significant periodic cash inputs (bonuses) or high net worth.
All IMHO
J4CKO said:
I know folk who spend vast amounts on nothing, lad I worked with bought breakfast at work which was two rounds of toast and a coffee (£2.50) then lunch was sandwich, crisps and a drink, usually 5 to 6 quid
I used to do that (excluding the cigarettes) when working in the office, but I am wondering where it has gone since lockdown...
Kent Border Kenny said:
PrinceRupert said:
Absolutely, if you don't buy breakfast and lunch you can easily afford a supercar on 30k.
The £25 per day mentioned is over £6,000 per year. That’s not Bugatti money, but it’ll definitely cover a DB9, or an R8.Better than driving a 114i for £250 a month.
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