first supercar
Discussion
End of the day I was only asking about what’s the best to aim for! We’ve all been there at some point not everyone dove straight into supercars! We all have/had that dream
Rambo how old are you? When did you get into your first supercar? What was your last normal everyday car n when was it?
Same for anyone else in here?
Rambo how old are you? When did you get into your first supercar? What was your last normal everyday car n when was it?
Same for anyone else in here?
ghost83 said:
End of the day I was only asking about what’s the best to aim for! We’ve all been there at some point not everyone dove straight into supercars! We all have/had that dream
Rambo how old are you? When did you get into your first supercar? What was your last normal everyday car n when was it?
Same for anyone else in here?
Too old to remember and too many cars to list but given all you have said with the best man maths in the world you shouldn't let the desire to own a flash car cripple you. Rambo how old are you? When did you get into your first supercar? What was your last normal everyday car n when was it?
Same for anyone else in here?
My advice would be to wait, save up and especially at the moment when the market has softened and will continue to do so in your favour.
Buy an overpriced car of your dreams now by stretching yourself and run into a few unfortunate bills and the market crash and you will end up owning it for the rest of your life as you wont be in a position to change.
Just be patient young man
RamboLambo said:
Too old to remember and too many cars to list but given all you have said with the best man maths in the world you shouldn't let the desire to own a flash car cripple you.
My advice would be to wait, save up and especially at the moment when the market has softened and will continue to do so in your favour.
Buy an overpriced car of your dreams now by stretching yourself and run into a few unfortunate bills and the market crash and you will end up owning it for the rest of your life as you wont be in a position to change.
Just be patient young man
Cheers for that mate, stunning cars btw! My advice would be to wait, save up and especially at the moment when the market has softened and will continue to do so in your favour.
Buy an overpriced car of your dreams now by stretching yourself and run into a few unfortunate bills and the market crash and you will end up owning it for the rest of your life as you wont be in a position to change.
Just be patient young man
It's all about finding a comfortable financial balance and everybody's is different.
I bought a 12 year old 911 about 18 years ago. It needed a service, but I'd emptied my bank account buying it which meant it had to wait a month until I got paid.
These days I have a Ferrari 360, Aston Vantage, Alfa Spider and Porsche Cayenne. All fully paid for. So taking a risk on the 911 didn't really cause me any problems.
I'm far from rich - and frankly spend too much on toys - but I've got no kids, mortgage is paid, some money in the bank etc and I could be dead tomorrow. So why not.
I bought a 12 year old 911 about 18 years ago. It needed a service, but I'd emptied my bank account buying it which meant it had to wait a month until I got paid.
These days I have a Ferrari 360, Aston Vantage, Alfa Spider and Porsche Cayenne. All fully paid for. So taking a risk on the 911 didn't really cause me any problems.
I'm far from rich - and frankly spend too much on toys - but I've got no kids, mortgage is paid, some money in the bank etc and I could be dead tomorrow. So why not.
ghost83 said:
MDL111 said:
Seat Ibiza diesel (no turbo) about 60hp (18)
BMW Z3 m coupe (22)
Ferrari 355 (27)
Porsche 997 GT2 CS (34)
Ferrari FF (34)
RS Clio (2012) (36)
430 Scuderia (36)
I think so anyway/ close enough
Well done mate, guessing you’ve got a bloody good job then, how old are u now mateBMW Z3 m coupe (22)
Ferrari 355 (27)
Porsche 997 GT2 CS (34)
Ferrari FF (34)
RS Clio (2012) (36)
430 Scuderia (36)
I think so anyway/ close enough
I spend way way too much on cars given the money I make, but so be it - can always sell them (with a painful depreciation hit, but so be it - smiles per mile and all that)
Random stream of consciousness incoming...
Money comes and goes, time only goes.
If you can afford it, and it's not going to be an albatross around your neck and cause you or others unreasonable hardship, then do it.
Just don't think of it as an investment, or go in thinking "I can afford to lose £X but no more". Supercars depreciate, predictably and unpredictably, and they are more sensitive than other cars to market movements (interest rates, etc). You could make a small profit, break even, lose a few thousand, or lose tens of thousands if you don't do enough due diligence, or you're simply unlucky with maintenance and changes in the market & world of financing beyond your control.
Buying the right car is critical, too. If you buy from a main dealer, for peace of mind, you'll instantly lose the dealer buy/sell spread. That's the price of main dealer peace of mind. BUT - main dealer support does not necessarily guarantee trouble-free motoring. As said before my 458 came from a main dealer, but I had a £8k bill with a goodwill contribution for something that wasn't covered by Ferrari's own warranty.
Go in expecting to lose money, and make peace with that, because then you can enjoy it properly. Otherwise, don't do it at all.
Money comes and goes, time only goes.
If you can afford it, and it's not going to be an albatross around your neck and cause you or others unreasonable hardship, then do it.
Just don't think of it as an investment, or go in thinking "I can afford to lose £X but no more". Supercars depreciate, predictably and unpredictably, and they are more sensitive than other cars to market movements (interest rates, etc). You could make a small profit, break even, lose a few thousand, or lose tens of thousands if you don't do enough due diligence, or you're simply unlucky with maintenance and changes in the market & world of financing beyond your control.
Buying the right car is critical, too. If you buy from a main dealer, for peace of mind, you'll instantly lose the dealer buy/sell spread. That's the price of main dealer peace of mind. BUT - main dealer support does not necessarily guarantee trouble-free motoring. As said before my 458 came from a main dealer, but I had a £8k bill with a goodwill contribution for something that wasn't covered by Ferrari's own warranty.
Go in expecting to lose money, and make peace with that, because then you can enjoy it properly. Otherwise, don't do it at all.
That is my outlook I just want to have fun and experience it and have my own!
Look at dale Winton dropped dead I want to enjoy whatever time I’ve got,
I’m 34 I have a mortgage I also have 2 kids and we survive ok on my wage I’m also doing the house up which takes a lot of money lol
This is my aim once my golf gti is paid off so I’d only have finance and I’d plan to keep the car for as long as possible maybe even forever more anyway,
Look at dale Winton dropped dead I want to enjoy whatever time I’ve got,
I’m 34 I have a mortgage I also have 2 kids and we survive ok on my wage I’m also doing the house up which takes a lot of money lol
This is my aim once my golf gti is paid off so I’d only have finance and I’d plan to keep the car for as long as possible maybe even forever more anyway,
ghost83 said:
Ferruccio said:
I’m not sure that Dale Winton did “drop dead”.
But that’s kinda the point. Be happy. Have fun. Enjoy life.
Yeah I just don’t want to be on my death bed and regret not doing something any of us could get that diagnosis and our lives be cut short But that’s kinda the point. Be happy. Have fun. Enjoy life.
On the other hand, I don't remember my mum saying she regretted never owning a supercar on her deathbed.
Nano2nd said:
your kids, won't be kids for long... sacrificing that for a 15 year old Ferrari is a mistake IMO
Car has no bearing on my kids My job however requires a lot of hours
I didn’t come out the house till 11am and I took my eldest to school and reading morning my wife will pick him up at 3.15 and I should be home around 5pm today! Tomorrow however will e out the house at 10am and back at 7 ish so will walk in and be taking him straight to bed so it’s like anything got to put the hours in to afford nice things! Going to Florida in 4 week for example
tter feed must be really excitingghost83 said:
Car has no bearing on my kids
My job however requires a lot of hours
I didn’t come out the house till 11am and I took my eldest to school and reading morning my wife will pick him up at 3.15 and I should be home around 5pm today! Tomorrow however will e out the house at 10am and back at 7 ish so will walk in and be taking him straight to bed so it’s like anything got to put the hours in to afford nice things! Going to Florida in 4 week for example
The point he was making, I think, is that you could always find another job that doesn't involve so many hours, to spend more time with the kids - but once you've got another sizeable asset to pay for that might not be an option anymore.My job however requires a lot of hours
I didn’t come out the house till 11am and I took my eldest to school and reading morning my wife will pick him up at 3.15 and I should be home around 5pm today! Tomorrow however will e out the house at 10am and back at 7 ish so will walk in and be taking him straight to bed so it’s like anything got to put the hours in to afford nice things! Going to Florida in 4 week for example
The more you talk about your situation - kids, "survive ok on my wage", etc - that doesn't sound like the right conditions for supercar ownership, to be brutally honest. That's not to say that it can't be done, but one shouldn't make others have to sacrifice stuff (e.g. family holidays, etc) to achieve it, even taking into consideration #yolo, Dale Winton (who died in his 60s having lived I'm sure a very comfortable life financially) etc.
Have you thought about hiring a Ferrari or whatever for a long weekend? All of the fun and none of the burden.
Durzel said:
The point he was making, I think, is that you could always find another job that doesn't involve so many hours, to spend more time with the kids - but once you've got another sizeable asset to pay for that might not be an option anymore.
The more you talk about your situation - kids, "survive ok on my wage", etc - that doesn't sound like the right conditions for supercar ownership, to be brutally honest. That's not to say that it can't be done, but one shouldn't make others have to sacrifice stuff (e.g. family holidays, etc) to achieve it, even taking into consideration #yolo, Dale Winton (who died in his 60s having lived I'm sure a very comfortable life financially) etc.
Have you thought about hiring a Ferrari or whatever for a long weekend? All of the fun and none of the burden.
Done my job for 18yrs and work within the family business like most ppl in their own companies you constantly work! And when I say survive I don’t mean we live hand to mouth lol I can afford it! But this thread has been great as now I know rough costs and that I need an emergency fund, also when it comes to it I want to ask someone experienced who knows what they’re looking for to check any car over! The more you talk about your situation - kids, "survive ok on my wage", etc - that doesn't sound like the right conditions for supercar ownership, to be brutally honest. That's not to say that it can't be done, but one shouldn't make others have to sacrifice stuff (e.g. family holidays, etc) to achieve it, even taking into consideration #yolo, Dale Winton (who died in his 60s having lived I'm sure a very comfortable life financially) etc.
Have you thought about hiring a Ferrari or whatever for a long weekend? All of the fun and none of the burden.
I might extend my goalposts to further than 18 month though as from what ppl say it needs to be done properly and it doesn’t need to be rushed into
Also Rambo just called the wife we are having a Mexican banquet to compliment the weather so fajitas tacos etc etc
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