How to seriously save up for a Super Car ?

How to seriously save up for a Super Car ?

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Roof down

301 posts

127 months

Monday 22nd June 2020
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Pioneer said:
My personal goal was to pay off the house I live in before buying a supercar. Did that when I was about 40 so from then on I've bought whatever I could afford comfortably. Also, don't feel you can't finance. I'm a landlord and my cash is best used in other places.
This for me sums it all up best, it was certainly me through and through , this is a great post, many people love their cars but are not business people.
Mike

jakesmith

9,461 posts

172 months

Monday 22nd June 2020
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Wifey gave up work to have kids, she was on £35k so about £2k a month after tax.
I earn enough to cover all our living costs and enough left for some nice cars but no supercar
If she was working again the £2k a month would pay for a pick from a variety of proper supercars & we're not wealthy

Edited by jakesmith on Monday 22 June 15:26

fastraxx

8,308 posts

104 months

Monday 22nd June 2020
quotequote all
jakesmith said:
Wifey gave up work to have kids, she was on £35k so about £2k a month after tax.
I earn enough to cover all our living costs and enough left for some nice cars but no supercar
If she was working again the £2k a month would pay for a pick from a variety of proper supercars & we're not wealthy

Edited by jakesmith on Monday 22 June 15:26
That's just leasing - the thread title is about how to save up for one.

garystoybox

783 posts

118 months

Monday 22nd June 2020
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jakesmith said:
Wifey gave up work to have kids, she was on £35k so about £2k a month after tax.
I earn enough to cover all our living costs and enough left for some nice cars but no supercar
If she was working again the £2k a month would pay for a pick from a variety of proper supercars & we're not wealthy

Edited by jakesmith on Monday 22 June 15:26
Can’t imagine my wife would be very happy to think she needed to work full time to cover the cost of leasing a toy!

ReverendCounter

6,087 posts

177 months

Monday 22nd June 2020
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Aviator1 said:
I wanted to start a company that offered that experience where people could drive a Ferrari or Lamborghini..
If this is the crux of your post, then is your question, 'how do I start a supercar hire business?'

If so then perhaps, once you've saved up 50% of the cost you could find a like minded person to share the costs of a supercar-driving start up. Or perhaps you could invest in an existing hire business and once you start to see a return on your investment, help to expand into the area you think would benefit.

If your questions, 'how do I afford a supercar?' then there could be a few different approaches - one of which is going to take some time to come to fruition. This could involve putting yourself through some sort of extensive personal development which might result in something like a private pilot's licence, air traffic control, on/offshore oil and gas certificated position etc etc. Once you're earning you'll have a clearer idea of when ownership is likely.

Another approach would be to pretty much work every hour you can - decide how much of a 24hr period you're prepared to sacrifice to eating, sleeping, running your home. The remainder are there to work and earn, so if you could work two/three jobs, see if you can find enough work to fill your work hours. Hopefully you'll reach your target before you die from overwork!

jakesmith

9,461 posts

172 months

Monday 22nd June 2020
quotequote all
fastraxx said:
jakesmith said:
Wifey gave up work to have kids, she was on £35k so about £2k a month after tax.
I earn enough to cover all our living costs and enough left for some nice cars but no supercar
If she was working again the £2k a month would pay for a pick from a variety of proper supercars & we're not wealthy

Edited by jakesmith on Monday 22 June 15:26
That's just leasing - the thread title is about how to save up for one.
Oh OK I'd save the £2000 a month and use that to buy the car. Would take forever though so if I had to do it this way I would buy a California or V10 R8 or 570S or something

garystoybox said:
Can’t imagine my wife would be very happy to think she needed to work full time to cover the cost of leasing a toy!
What's the difference? She could pay her way and I'd use the leftover cash to buy my car, same difference. We have always just put everything in one pot, had a joint account since before we were married 20 years ago. She's always wanted an Evoque and she's had one for 6 years so can't complain too much.

fastraxx

8,308 posts

104 months

Monday 22nd June 2020
quotequote all
jakesmith said:
What's the difference? She could pay her way and I'd use the leftover cash to buy my car, same difference. We have always just put everything in one pot, had a joint account since before we were married 20 years ago. She's always wanted an Evoque and she's had one for 6 years so can't complain too much.
You dream maker !

ghost83

5,485 posts

191 months

Monday 22nd June 2020
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How old are you OP?

jakesmith

9,461 posts

172 months

Monday 22nd June 2020
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fastraxx said:
jakesmith said:
What's the difference? She could pay her way and I'd use the leftover cash to buy my car, same difference. We have always just put everything in one pot, had a joint account since before we were married 20 years ago. She's always wanted an Evoque and she's had one for 6 years so can't complain too much.
You dream maker !
Wait till you see my collection of jazzy shirts & tight jeans, I think all her mates fancy me to be honest... I mean they've got eyes haven't they!

Aviator1

Original Poster:

24 posts

47 months

Tuesday 23rd June 2020
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Well everyone thank you for the comments and wish me luck in hopefully the near future on my first super car purchase, and for everyone else who wish to do the same i wish the best of luck towards your dream purchase. The decision comes down to when you have the funds what do you buy. I realize price will vary deepening on where you are in the world. What is people thoughts on these.

Jeep Track hawk, ok its not a car but with the big hemi it produces 700 horse power and can be boosted up to 1000 horsepower and has the most space.
Ferrari F-430 one of the cheapest Ferrari you can get i believe, but heard they have major issues with the clutch ?
Lamborghini Huracan older around year 2007 and up.
Audi R8 V10
around 2007 Lamborghini Gallardo lp spyder

Out of all these cars the Huracan where i am based is the most expensive but what are peoples thoughts on these cars.

Aviator1

Original Poster:

24 posts

47 months

Tuesday 23rd June 2020
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I also meant to add maserati granturismo, i realize these cars are all different but its a first super car and these were the cheapest cars i looked into that worth worth looking into under $250 K

jakesmith

9,461 posts

172 months

Tuesday 23rd June 2020
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Gallardo, Hurracan & 430 are the only ones I would class as a supercar
430 it's manifolds that go, you're looking at up to a 5 figure bill really the Ferarri part is sub standard and you need to replace with aftermarket ones without the cats
Gallardo have a reputation for eating clutches I don't know if it's deserved
Hurracans should be more reliable but much more expensive to buy, good ones start at £150k vs half that for a 430 or Gallardo.
R8 is well built and cheaper to run than a Ferarri or Lambo but not really a supercar. I have one and it is an excellent car for the money and gives a taste of the supercar looks for a fraction of the price.
Maserati GT is a brilliant and inexpensive entry to the world of beautiful exotic cars and unbeatable at the price, not in any way a supercar though
From experience the R8 and Maserati you need to be willing to spend £3k a year to keep them going well.
At a guess the Lambos and Ferarris you'd need to be comfortable spending double that if you're looking at an older one or a newer one that you're paying for a warranty on
Jeep I have no comment on but wouldn't even contemplate such a vehicle. If 700BHP is your ambition then a GTR, M6, E63 or 997 / 991 nTurbo would be what I'd look at, something that has the chassis to exploit it a bit better

sealtt

3,091 posts

159 months

Tuesday 23rd June 2020
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jakesmith said:
fastraxx said:
jakesmith said:
What's the difference? She could pay her way and I'd use the leftover cash to buy my car, same difference. We have always just put everything in one pot, had a joint account since before we were married 20 years ago. She's always wanted an Evoque and she's had one for 6 years so can't complain too much.
You dream maker !
Wait till you see my collection of jazzy shirts & tight jeans, I think all her mates fancy me to be honest... I mean they've got eyes haven't they!
laugh

fastraxx

8,308 posts

104 months

Tuesday 23rd June 2020
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Oh this again....how is an R8 more super than a Maserati?

Aviator1

Original Poster:

24 posts

47 months

Tuesday 23rd June 2020
quotequote all
Ok I think the topic has drifted of course, If you want a daily driver buy the likes of a Honda or a Toyota and they will run and run with very little issues. But we don’t buy Supercars for that reason and if you can afford to buy the car you need to afford to keep it on the road. We buy Super Cars because they are unique, fast, loud and draw attention and of course hand made parts. They are not designed to be the car you go out and do your weekly shop in and travel every day to work in. Not saying you cant just saying that is not what they are designed for. We take them out on trips and day out or car shows ect. I think the fact comes down to how much you can afford and how quickly you want to get into a supercar. If you cant afford a Hurican at the time being and you really want to start driving a super car and you can afford for example a F-430 for a few years till you then can afford the Hurrican, or you use the money as a deposit keep saving or get a loan out on it.

Personally for me I want a Ferrari F-430 as my first super car, as long as I can find it at the right price with a good service history, it may not be perfect but its a start, I would then at some stage to get a Hurican and when the times comes go to a 911. Not to say this will happen but this is my goals. Would I give this all up for a family of course I would, but since I cant have kids these will have to be my babies wink

ReverendCounter

6,087 posts

177 months

Tuesday 23rd June 2020
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I think you need to take another look at what you think each of the cars you've mentioned actually costs. If you're serious and old enough to drive you could be in a 911 far quicker than you think, as long as you're prepared to compromise.

jakesmith

9,461 posts

172 months

Tuesday 23rd June 2020
quotequote all
fastraxx said:
Oh this again....how is an R8 more super than a Maserati?
Are you genuinely interested in my opinion, based on owning both cars, because I am conscious of not getting embroiled in yet another pointless and annoying (to me and other forum users) argument on a mildly emotive and highly subjective topic.

fastraxx

8,308 posts

104 months

Tuesday 23rd June 2020
quotequote all
jakesmith said:
Are you genuinely interested in my opinion, based on owning both cars, because I am conscious of not getting embroiled in yet another pointless and annoying (to me and other forum users) argument on a mildly emotive and highly subjective topic.
Yes, I think they're both pretty special cars and one is neither more interesting than the other. You clearly said that you think a maserati is in no way a supercar so expect your comments to be challenged - such is the nature of a forum. Clearly plenty of people think a maserati is quite special since it has come up here as an 'easy entry'. At a few events I have been to, both attract a lot of attention and Maserati often more due to better noise from stock and being more 'rare' than just 'an audi'.

Kyodo

730 posts

125 months

Tuesday 23rd June 2020
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Just to add my two cents worth with regard to the original question. For us it's a case of work hard, save a bit, invest a bit but don't blow too much money on crap you don't really want or need. It often comes with time and a great many Ferrari owners I've met are far from 'rich'. Comfortable and financially sorted yes, rich no.

Like others have said, we don't have kids and an effort was made to pay the house off early. We split the disposable between nice holidays and a cash-purchased 360 and the lack of any real debt made the decision to buy an unnecessary Ferrari quite an easy one.

jakesmith

9,461 posts

172 months

Tuesday 23rd June 2020
quotequote all
fastraxx said:
jakesmith said:
Are you genuinely interested in my opinion, based on owning both cars, because I am conscious of not getting embroiled in yet another pointless and annoying (to me and other forum users) argument on a mildly emotive and highly subjective topic.
Yes, I think they're both pretty special cars and one is neither more interesting than the other. You clearly said that you think a maserati is in no way a supercar so expect your comments to be challenged - such is the nature of a forum. Clearly plenty of people think a maserati is quite special since it has come up here as an 'easy entry'. At a few events I have been to, both attract a lot of attention and Maserati often more due to better noise from stock and being more 'rare' than just 'an audi'.
I don't think you have read my post very well - all my opinions are in there. Thanks.