Appropriate salary to buy a Supercar

[galtezza]

jakesmith said:

Billwoledge said:

First timer and probably last timer.

Two threads , this one and ‘Who has the best Garage on Pistonheads????‘

I mean , is mine bigger than yours??

1. If someone on £27k wants a Ferrari bad enough they will eventually full-fill their dream, and good luck to them.

2. If you want to have more garage’s than brain cells go ahead and fill it with cars you’ll only gaze at in their Carcoon’s and fill with Snap’s you’ll less likely use than Strap On’s.

FFS.

Why the attitude?
£27k is £1800 a month. Can you explain the circumstances by which someone on that pay can buy a Ferrari? Say a 458 for £125k. 6 years of saving every penny earned? That’s not appropriate which is the question in the OP

Maybe it isn’t Billwoledge? Maybe it’s Bellowedge? and It’s just a chip from that?

[Wiltshire Lad]

PrinceRupert said:

Thankyou4calling said:

To you no

To most?

I’d say it does

You'd be wrong, it isn't a supercar to anybody.

I wouldn't - and neither would anyone on PH - but for Joe (perhaps Joanna!) Public - it's a swoopy Italian supercar with an exotic badge - my daughter, wife, mum couldn't tell the difference between this an an F50 - as petrolheads we always make the classic mistake that people recognize exactly how 'special' our car is....WRONG. Petrol attendant asked me if my TVR was a Cobra or an MG a few weeks ago.....FFS!

[pb8g09]

Wiltshire Lad said:

I wouldn't - and neither would anyone on PH - but for Joe (perhaps Joanna!) Public - it's a swoopy Italian supercar with an exotic badge - my daughter, wife, mum couldn't tell the difference between this an an F50 - as petrolheads we always make the classic mistake that people recognize exactly how 'special' our car is....WRONG. Petrol attendant asked me if my TVR was a Cobra or an MG a few weeks ago.....FFS!

+1

Not sure why the original comment is getting so much stick here. My other half thinks all cars look the same and wouldn't know the difference between a 'Sports Car' and a 'Supercar'. She then looks at me incredulously when I can't work out which female in a room is wearing an expensive outfit or not. Horses for courses!

[Shnozz]

pb8g09 said:

Wiltshire Lad said:

I wouldn't - and neither would anyone on PH - but for Joe (perhaps Joanna!) Public - it's a swoopy Italian supercar with an exotic badge - my daughter, wife, mum couldn't tell the difference between this an an F50 - as petrolheads we always make the classic mistake that people recognize exactly how 'special' our car is....WRONG. Petrol attendant asked me if my TVR was a Cobra or an MG a few weeks ago.....FFS!

+1

Not sure why the original comment is getting so much stick here. My other half thinks all cars look the same and wouldn't know the difference between a 'Sports Car' and a 'Supercar'. She then looks at me incredulously when I can't work out which female in a room is wearing an expensive outfit or not. Horses for courses!

Coupled with the fact that most women see what we consider a supercar as being utterly ridiculous and cringeworthy. Doesn't stop us lusting after one though does it..

[wastedyouth86]

i have often thought there is never really the right time to own a supercar.... buy one when your young you get judged as flash or its 'rented'... buying one later in life and your judged as having a mid life crisis and a thai bride on the way.

[lothianJim]

Benbay001 said:

Schmed said:

Here you go...

Surely that is hugely age dependent?

Im 28, consider myself to be in a reasonable financial position for my age but yet according to that i still shouldn't own a car and if i include my pension, i can have a £2500 car.

Maybe at 50 years old that chart may begin to apply.

This chart aligns very closely with my lifetime purchase history except perhaps at the very bottom when i ran sheds. But I’ve always had a reputation for being cheap with money.

Lots of cheap HNW peeps about though. It’s one way to get there....

Salary is transient so I’d never personally base a car purchase on salary. Net worth all the way.

[av185]

wastedyouth86 said:

i have often thought there is never really the right time to own a supercar.... buy one when your young you get judged as flash or its 'rented'... buying one later in life and your judged as having a mid life crisis and a thai bride on the way.

Being judged by others appears to be far more significant to you than doing what you actually want.

[vulture1]

Shnozz said:

Coupled with the fact that most women see what we consider a supercar as being utterly ridiculous and cringeworthy. Doesn't stop us lusting after one though does it..

They are ridiculous and defo cringeworthy but I've never really lusted after a woman that badly tbh...

[Ohioguy]

20 -30k salary won't be enough. Running costs, insurance, a secure garage, tires, fuel, annual maintenance won' t leave enough for food and rent. I bet most owners have a large net worth that a 200 k car is a small percentage of.

[SuperBaaaad]

PeteinSQ said:

I don't even understand how someone affords a new BMW M5 tbh. I feel like I'd need to be earning quite a bit north of £100k before I'd feel I had enough spare cash, money in pension, savings etc that the monthly payments would seem acceptable to me.

So a £200k car would be even further away.

Massive discounts and PCP.

You can get a McLaren 570s for £20k down and £999 a month.

[Kent Border Kenny]

SuperBaaaad said:

Massive discounts and PCP.

You can get a McLaren 570s for £20k down and £999 a month.

That’s £19k per year, which is still quite a chunk on a take-home wage of £67k per year.

Doable, but I expect few people on that wage will choose to spend £56k to rent a car for three years.

[galtezza]

Kent Border Kenny said:

SuperBaaaad said:

Massive discounts and PCP.

You can get a McLaren 570s for £20k down and £999 a month.

That’s £19k per year, which is still quite a chunk on a take-home wage of £67k per year.

Doable, but I expect few people on that wage will choose to spend £56k to rent a car for three years.

A good summary but the jones’s effect is strong in the uk..

[jakesmith]

galtezza said:

A good summary but the jones’s effect is strong in the uk..

Yet you hardly see a McLaren Ferrari or Lamborghini. I live in the wealthiest area in the U.K. by income by head and I see no more than one or two cars like that a day. They are rare (even if more prevalent than before PCP existed). Because they are so expensive and the vast majority of people can’t afford them at all. Utterly laughable saying the someone on £30k who wanted one badly enough could get one. The contortions you’d have to go through to get to that outcome makes the scenario improbable

[Thankyou4calling]

Who said you can get a Ferrari, McLaren or Lamborghini on £30k a year?

[galtezza]

Thankyou4calling said:

Who said you can get a Ferrari, McLaren or Lamborghini on £30k a year?

Quite.

[Bob-iylho]

wastedyouth86 said:

i have often thought there is never really the right time to own a supercar.... buy one when your young you get judged as flash or its 'rented'... buying one later in life and your judged as having a mid life crisis and a thai bride on the way.

I agree, I'm 55, hence I bought a JPS Esprit, love it and in 3 years no one has given me st and no horrendous depreciation.

[Bob-iylho]

anonymous said:

[redacted]

No, I thought I'd look a wally at 55, that was my point, I bought a "classic" (IMO) instead.

[Bob-iylho]

anonymous said:

[redacted]

It's good motivation to stay skinny and flexible.

[Countdown]

Bob-iylho said:

I agree, I'm 55, hence I bought a JPS Esprit, love it and in 3 years no one has given me st and no horrendous depreciation.

Would love to see pics - fell in love with both it and Barbara Bach after watching The Spy who Loved me.

Incidentally how on earth did somebody like Ringo Starr manage to marry her?

[jakesmith]

galtezza said:

Thankyou4calling said:

Who said you can get a Ferrari, McLaren or Lamborghini on £30k a year?

Quite.

Ahem... sorry it was £27k a year

Billwoledge said:

First timer and probably last timer.

Two threads , this one and ‘Who has the best Garage on Pistonheads????‘

I mean , is mine bigger than yours??

1. If someone on £27k wants a Ferrari bad enough they will eventually full-fill their dream, and good luck to them.

2. If you want to have more garage’s than brain cells go ahead and fill it with cars you’ll only gaze at in their Carcoon’s and fill with Snap’s you’ll less likely use than Strap On’s.

FFS.