Appropriate salary to buy a Supercar
Discussion
ks, plenty of wealthy people are ostentatious. [quote=okgo]
I doubt many people on 100k salaries live in 350 grand houses. Mostly as to get to a job paying that amount generally will require you to live somewhere that costs more.
In the London area maybe, but out here around the Berkshire/Hampshire border you don't need to spend a fortune to get a nice house and I know a number of high earners who have modest houses without big mortgages as do I.
It is true though that my cars always seem to stick out a bit as not matching with the house they are parked out - but then I imagine that is true of most Piston Header's as cars come high on our priority list. Possibly the best example was when I had a factory Overfinch Vogue GT (black, black wheels, privacy glass, red Brembo callipers) as some may have thought the local 'adult sweeties dealer' was visiting one of their clients rather than it being the owner of the house parked on the road (before we had our driveway done)...…..
I doubt many people on 100k salaries live in 350 grand houses. Mostly as to get to a job paying that amount generally will require you to live somewhere that costs more.
In the London area maybe, but out here around the Berkshire/Hampshire border you don't need to spend a fortune to get a nice house and I know a number of high earners who have modest houses without big mortgages as do I.
It is true though that my cars always seem to stick out a bit as not matching with the house they are parked out - but then I imagine that is true of most Piston Header's as cars come high on our priority list. Possibly the best example was when I had a factory Overfinch Vogue GT (black, black wheels, privacy glass, red Brembo callipers) as some may have thought the local 'adult sweeties dealer' was visiting one of their clients rather than it being the owner of the house parked on the road (before we had our driveway done)...…..
hotchy said:
I know someone who was on not much more than minimum wage and spent the £60k deposit he saved up for a house on an older lambo, drove it around for a year and had a blast. Sold it and used the rest for a house deposit. He got some attention being 20 odd with one.. I got a shot so that's all that counts lol
What ???? He saved 60k on 8 quid a hour ??? Jules Sunley]kgo said:
I doubt many people on 100k salaries live in 350 grand houses. Mostly as to get to a job paying that amount generally will require you to live somewhere that costs more.
In the London area maybe, but out here around the Berkshire/Hampshire border you don't need to spend a fortune to get a nice house and I know a number of high earners who have modest houses without big mortgages as do I.
It is true though that my cars always seem to stick out a bit as not matching with the house they are parked out - but then I imagine that is true of most Piston Header's as cars come high on our priority list. Possibly the best example was when I had a factory Overfinch Vogue GT (black, black wheels, privacy glass, red Brembo callipers) as some may have thought the local 'adult sweeties dealer' was visiting one of their clients rather than it being the owner of the house parked on the road (before we had our driveway done)...…..
I would disagree, a house on our street has a range rover sport svr his wife drives a high spec evoque and has a gt3rs in the garage. it is a new build In the London area maybe, but out here around the Berkshire/Hampshire border you don't need to spend a fortune to get a nice house and I know a number of high earners who have modest houses without big mortgages as do I.
It is true though that my cars always seem to stick out a bit as not matching with the house they are parked out - but then I imagine that is true of most Piston Header's as cars come high on our priority list. Possibly the best example was when I had a factory Overfinch Vogue GT (black, black wheels, privacy glass, red Brembo callipers) as some may have thought the local 'adult sweeties dealer' was visiting one of their clients rather than it being the owner of the house parked on the road (before we had our driveway done)...…..
so it is not hard to guess the prices as not all of them are sold and its probably a £350k - 400k house.
okgo said:
Lord.Vader said:
That’s absolute nonsense.
£100k is about £5.5k per month, assuming no deductions, obviously with that sort of salaried role you will have a pension to deduct.
Not living in the SE a 4/5 bed house, detached, can be had for £350k, with a half decent deposit that’s say a £250k mortgage, 25 years, £1,000 p/m.
Living costs, £1,500, invest £1,000, super car £1,000, spare £1,000.
I spend about £800 a month on 3 cars / 1 bike (averaged out, running costs, etc), I’m not on £100k, another bike on order too.
Still plenty of money for saving, fun, house renovations, etc.
A mate of mine pays £750 for a M2, another lad I know pays £1,100 for a R8 V10, neither earn £100k.
ETA; obviously if you want to have kids and send them to private schools then it impacts that, but I don’t and I wouldn’t.
I doubt many people on 100k salaries live in 350 grand houses. Mostly as to get to a job paying that amount generally will require you to live somewhere that costs more.£100k is about £5.5k per month, assuming no deductions, obviously with that sort of salaried role you will have a pension to deduct.
Not living in the SE a 4/5 bed house, detached, can be had for £350k, with a half decent deposit that’s say a £250k mortgage, 25 years, £1,000 p/m.
Living costs, £1,500, invest £1,000, super car £1,000, spare £1,000.
I spend about £800 a month on 3 cars / 1 bike (averaged out, running costs, etc), I’m not on £100k, another bike on order too.
Still plenty of money for saving, fun, house renovations, etc.
A mate of mine pays £750 for a M2, another lad I know pays £1,100 for a R8 V10, neither earn £100k.
ETA; obviously if you want to have kids and send them to private schools then it impacts that, but I don’t and I wouldn’t.
Edited by Lord.Vader on Thursday 22 October 11:05
In answer to the question, the only people I know (in and around London) that own expensive cars are very wealthy people, also living in houses worth a couple of million or more.
Most of my close mates earn 100-250k a year at a guess and the best car among them is probably a fairly new Merc estate.
Edited by okgo on Thursday 22 October 12:24
A close mate of mine is worth a few million, he lives in a £250k house, I know a few other lads who earn decent money and live in £150-250k houses, as I said you can get a 4/5 bed house here for that sort of money.
As I’ve said elsewhere, it’s all about cost of living, we’ve got plenty of disposable income, I could buy a bigger / more expensive house, but what’s the point, there’s two of us.
wastedyouth86 said:
I would disagree, a house on our street has a range rover sport svr his wife drives a high spec evoque and has a gt3rs in the garage. it is a new build
so it is not hard to guess the prices as not all of them are sold and its probably a £350k - 400k house.
I think we are agreeing with each other as I was showing a quote I was replying to and then replying but they all seemed to merge into one as I cropped it shorter.so it is not hard to guess the prices as not all of them are sold and its probably a £350k - 400k house.
£350k houses with nice cars not an unusual sight around here either - no supercars in immediate area I know of though
Chrissyboy555 said:
What ???? He saved 60k on 8 quid a hour ???
When He says he knows someone he means he dreamt about someone he knew..I mean take home minimum wage will be what 1k a month in your hand (probably less when he started saving?!) ? if he saved 50% of that- £6k a year for 10 years and then had to run an old lambo on same wage.... erm I'm not so sure
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.
The comment that has been made previously seems to apply here. If you think that the higher-end cars are ridiculous then it’s strange that you are on a car enthusiast’s site.Super cars and sports cars are designed around fulfilling a purpose, one that it costs a lot of money to do very well.
Do you really have no interest in owning and driving cars where the budget allowed so few compromises to need to be made?
Lord.Vader said:
Not living in the SE a 4/5 bed house, detached, can be had for £350k, with a half decent deposit that’s say a £250k mortgage, 25 years, £1,000 p/m.
Living costs, £1,500, invest £1,000, super car £1,000, spare £1,000.
Your happy to spend as much on car finance as mortgage payments on your house?? Living costs, £1,500, invest £1,000, super car £1,000, spare £1,000.
That's fine, but for most people that a pretty mad way to waste your hard earned cash regardless of your income.
Jules Sunley said:
I think we are agreeing with each other as I was showing a quote I was replying to and then replying but they all seemed to merge into one as I cropped it shorter.
£350k houses with nice cars not an unusual sight around here either - no supercars in immediate area I know of though
But likely not salaried people are they. My point was that to have a regular PAYE job giving you a decent 6 figure income isn't super common in areas where houses cost buttons...£350k houses with nice cars not an unusual sight around here either - no supercars in immediate area I know of though
I've recently made the move from a corporate job earning circa £65k per year to being self employed and business has been far ahead of plan, even with covid thrown in.
I'm now in a position where I'll probably earn £130-200k after tax but even though I've always dreamed of a black 911 I walked away from a PCP deal I could have comfortably afforded on a £60k car, not sure why, just feel like I don't deserve it. Turn 40 next year so if things are still going well I'll treat myself. We ended up changing the wires car for a Range Rover that was £40k which we both liked. Is a 911 even a supercar? If not then I'll come back in a few years.
I'm now in a position where I'll probably earn £130-200k after tax but even though I've always dreamed of a black 911 I walked away from a PCP deal I could have comfortably afforded on a £60k car, not sure why, just feel like I don't deserve it. Turn 40 next year so if things are still going well I'll treat myself. We ended up changing the wires car for a Range Rover that was £40k which we both liked. Is a 911 even a supercar? If not then I'll come back in a few years.
gangzoom said:
Lord.Vader said:
Not living in the SE a 4/5 bed house, detached, can be had for £350k, with a half decent deposit that’s say a £250k mortgage, 25 years, £1,000 p/m.
Living costs, £1,500, invest £1,000, super car £1,000, spare £1,000.
Your happy to spend as much on car finance as mortgage payments on your house?? Living costs, £1,500, invest £1,000, super car £1,000, spare £1,000.
That's fine, but for most people that a pretty mad way to waste your hard earned cash regardless of your income.
is travelling a waste of money? What about eating out?
You earn money to spend it, as long as I’m saving more than I’m spending I don’t see it as waste.
ETA; I don’t earn that much now used to when I was 25/26, and yes was spending closer to £1,500 for the two cars.
Edited by Lord.Vader on Friday 23 October 05:41
Lord.Vader said:
Define waste? Do you mean enjoy? Waste is buying a £800k 5 bed house with all the associated bills for two people, I’ll let a family who actually needs the space have it.
is travelling a waste of money? What about eating out?
You earn money to spend it, as long as I’m saving more than I’m spending I don’t see it as waste.
ETA; I don’t earn that much now used to when I was 25/26, and yes was spending closer to £1,500 for the two cars.
Exactly. Yes I agree most and by probably a long way would say it’s stupid to spend same amount of monthlies on car as mortgage...is travelling a waste of money? What about eating out?
You earn money to spend it, as long as I’m saving more than I’m spending I don’t see it as waste.
ETA; I don’t earn that much now used to when I was 25/26, and yes was spending closer to £1,500 for the two cars.
Edited by Lord.Vader on Friday 23 October 05:41
But some people have passions with there interests. If I had a million quid sat slack A 600k house up here is more than adequate for me. And the rest on cars !
I mean a house is a house and difficult to enjoy more than the next house. A luxury. If that makes sense
I mean I don’t hear people telling memorable stories of how once in there big house they painted the hallway or opened the door with such force that the curtains moved.
When your passionate about something such as cars then it makes perfect sense to me to spend what ever you like on it/them. You will creat many many memories from various things, drives, shows, track days etc etc
I just presume many people in here who “like” cars actually just like cars. That’s the difference.
I couldn’t in all conscience drive a super car unless my family had things that I had as I was growing up.
The super car running costs pale into insignificance. 2 kids at private school, holidays, dates out every couple of weeks with the wife, trips out with whole family. Running a largish house in the desert. Everyone’s hobbies.....
I wouldn’t want anyone to ever point a finger and say we can’t afford that because of your car. It would truly take the gloss off the experience.
The super car running costs pale into insignificance. 2 kids at private school, holidays, dates out every couple of weeks with the wife, trips out with whole family. Running a largish house in the desert. Everyone’s hobbies.....
I wouldn’t want anyone to ever point a finger and say we can’t afford that because of your car. It would truly take the gloss off the experience.
I was 45 and on 75k salary when I bought a 9 year old Aston Martin DB9.
I saved up some, kept some money aside from selling my old flat which amounted to 20k, and had inherited my 1st wife’s pension fund which was 40k.
It cost roughly 1k in insurance, 2k in servicing and maintenance and 500 in road tax per year. It cost a lot more in petrol and European motorway tolls. To buy it required savings and/or a windfall, but running it was easily doable with my salary.
I have mortgage payments of 1k a month on my London house, no children, 1 wife.
If you can, you should. I really enjoyed owning it and it made me very happy. However I sold it for 40k this year to pay for a house in France, so in 3 years it cost me 20k in depreciation. But now I have a house somewhere lovely that’s completely paid for.
If I had bought a Ferrari 456 instead I would have made a decent profit. However it might not have got me to Italy on my honeymoon.
I saved up some, kept some money aside from selling my old flat which amounted to 20k, and had inherited my 1st wife’s pension fund which was 40k.
It cost roughly 1k in insurance, 2k in servicing and maintenance and 500 in road tax per year. It cost a lot more in petrol and European motorway tolls. To buy it required savings and/or a windfall, but running it was easily doable with my salary.
I have mortgage payments of 1k a month on my London house, no children, 1 wife.
If you can, you should. I really enjoyed owning it and it made me very happy. However I sold it for 40k this year to pay for a house in France, so in 3 years it cost me 20k in depreciation. But now I have a house somewhere lovely that’s completely paid for.
If I had bought a Ferrari 456 instead I would have made a decent profit. However it might not have got me to Italy on my honeymoon.
Kent Border Kenny said:
The comment that has been made previously seems to apply here. If you think that the higher-end cars are ridiculous then it’s strange that you are on a car enthusiast’s site.
Super cars and sports cars are designed around fulfilling a purpose, one that it costs a lot of money to do very well.
Do you really have no interest in owning and driving cars where the budget allowed so few compromises to need to be made?
The sorts of cars I’m remotely interested in, aren’t Super cars and sports cars are designed around fulfilling a purpose, one that it costs a lot of money to do very well.
Do you really have no interest in owning and driving cars where the budget allowed so few compromises to need to be made?
the sorts of shouty larey Carbon Fiber, computer controlled monstrosity, that you see being ragged around Knightsbridge.
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