At what point are you affluent enough to buy a supercar?

At what point are you affluent enough to buy a supercar?

Author
Discussion

rat rod

4,515 posts

49 months

Saturday 5th November
quotequote all
None of my family understand where i am coming from ,my bother had a huge mortgage on a huge house that they

rattled around in,drove a new basic Golf that cost as much as some of my cars and they both works to pay for it ,

both get their kicks out of golf as she's recently joined him on the course and spend the rest of their time at the garden centre.

He's 10 years younger than me and never owned a pair of jeans, not knocking it just showing how different we all are even ftom the same family,

Know were you are MDL111 with the trailer thing, quite hard work when on your own,a bit like launching a boat off a trailer on your own

can be done but better with two. As for not driving them ,try a hundred miles in the 430 in two years and that was going for a service and two mot's,

I blamed covid and the cars were stored some twelve miles away,but i should have made more effort.

Shows my memory is going forgot to mention the manual Gallardo that i sold in November of last year ,think that did less than the 430 which i have

also just sold back in July, thought it the right thing to do until it came to the morning the transporter arrived ,having sold it to a Australian unseen i never

had to go through the selling procedure of showing the buyer round the car but it hit home as when the transporter arrived and would have gladly

given the guys his money back on the day., i bet their is a number of us who has felt the same way,Still have eight cars including the track 308 GTB but

not nice watching her go . Keep driving that 458 eatpies 99 there a long time gone ,like you i i love driving just for the sake of it,

A getaway from all the nonsense that every day living brings to you.,in your own bubble ,i do talk a load of st sometimes but you know what i mean

if your a car guy.driving





Edited by rat rod on Saturday 5th November 19:04

andrew

9,599 posts

176 months

Saturday 5th November
quotequote all
rat rod said:
A getaway from all the nonsense that every day living brings to you.,in your own bubble
+1 thumbup

supersport

3,657 posts

211 months

Saturday 5th November
quotequote all
rat rod said:
Fessia fancier said:
I think we only need another 99,995 signatures and we can get it raised in parliament!
Better sit down with a nice cup of tea as this might take a while,well you did ask yes

Think you will be disappointed ,well with the Ferrari's ,mostly 308's GT4's,GTB/GTS's ,365's and 400's when nobody wanted them,a couple of Dino's

yes even a few Monidials for the school runs and just one 465, Sorry to say never could afford any of the great Ferrari's like a Dayton,Lusso's or 275's

not even a one owner ,19.000mile Daytona for £19.995 by Maranello's,to busy buying £8K/£12K 308's ,should have sold the house and bought four of

them, thought i had Jim Davidson's 1979 Boxer in the bag putting my name to it at Maranello's for £16,500 but he cancelled his new car and kept it.

Only four Lambo' s ,a Urraco owned for a month,Espada,Jalpa and a Countach , The rest is a eclectic mix of older Aston's ,E types ,Healeys ,Jensen's

many Rollers and Bentley's 50's/60's /70's up to the 80's, lots of yanks,50's /60's land yachts,muscle cars,hot rods and trucks, five Cosi's one being a

tarmac rally car high end replica's, three Cobra's ,D Type,C type Lotus 11, lots of Porsches from 365's,924's,944's '928's to 911's including two turbo's one

which i run out of talent and totalled it in the New Forest.

A mix of track day cars including a monster of a Poniiac Firebird that run in the AMOC Intermarque series and some single seaters , a Formula 3 that

won the 85/86 F3 championship later to win the ARP series for older F3's in the early to mid 90's unfortunatly not with me behind the wheel , took a lovely

2 litre Formula Ford with all the wings and slicks in p/ex on that ,it was full proof unlike the F3 ,any fool could drive it fast even me. Getting fed up with
falling over a trailer and a mostly unused 4x4 i went on to Caterhams,

Most of them i could drive to the track and the pub on a Sunday morning unlike the single seaters,

Probabably having almost every engined 7 they did, BDA's, BDR's,Lotus twin cam's,Red Tops twin cam Vauxhall engines with twin 45's and throttle bodies ,
Still got a track one now with 235 bhp but it's being rebuilt after having a mishap ,

My favourite is the 1700 X flow which in a high state of tune kicks out huge flames ,popping and banging, did have a couple of K series engine cars but

they didn't do much for me preferring the more old school lumps .The good thing about a 7 is you can scare yourself at 80/90 mph where as you need to be

the wrong side of 150 mph in a modern Ferrari ,Lambo or Porsche to get any bum clenching moments so making them safer and more chance to keep your

licence, Sorry this was meant to be a quick abbreviated version just as well i've forgotten more than i can remember,rolleyes

Don't think somehow i got any chance of changing ,been like this ever since my dad handed me the keys to his Healey 3000 at a disused aerodrome in the

New Forest and then said i could drive us home ,not sure if he was brave or stupid, that's how i 'm sure i ended up with this incurable disease,

Like most of us there's that moment that changes your life and interests or in my case obsession, would be interesting to hear how you guys got the bug

and cars owned past and present,:scratchchin

PS-------- You know you are getting old when you fail to remember that you owned a manual Gallardo for six years.

having only sold it in November last year, perhaps i better back track on my statement i made the other day

about having a nineteen year old brain in a seventy year old body ,nerdnerd


Edited by rat rod on Saturday 5th November 19:23
Fantastic.

mwstewart

7,130 posts

172 months

Sunday 6th November
quotequote all
Rod, Great story/history.

Ziplobb

1,124 posts

268 months

Sunday 6th November
quotequote all
I have been saving up for a used 458/488 and thought that I might pull the trigger this winter/next spring. The rapidly changing economic conditions and rise in interest rates though has made me rethink and I paid the whole lot off the mortgage instead. Its gotta be gone by the time I am 60 and I am 54 next bday. Now that has freed up my monthly interest payments (that were going to go up significantly) and my modest £500 per month overpayment. So I could still have it on the knock if I wanted to by chucking in the 911 on p/x. All things being equal should be able to save enough over the next 3/4 years to get near it particularly if prices tail off a bit. Have always owned stiff outright though - one knows where they stand.

browngt3

1,363 posts

195 months

Sunday 6th November
quotequote all
Excellent rat rod! 'only' 5 Lambos, but just look at them, possibly the ideal selection!

How did the Urraco/Jalpa compare to the 308's?Always been interested in them. Loved the green one they did on Wheeler Dealers

jerrytlr

405 posts

197 months

Sunday 6th November
quotequote all
Great thread. Another data point (me) that might be interesting to the OP:

- McLaren 650s bought for just under 100k 2.5 years ago
- financed on PCP but with maximum deposit. Monthlies are easily affordable at the moment. GFV was one of the reasons for going PCP route as covid was just kicking off and nobody had a clue where values would be in 3 years time - so a "loss limiting" device
- I could have bought outright but invested in property instead - time will tell if that was a good idea
- I don't have lots of liquid cash, so a big bill (10k+) would be a problem. Car is therefore warrantied, which is expensive - but I can afford it and it gives peace of mind
- The 650s is our second car, so if I didn't have it, we would be running something else - which could easily cost 50% of what the 650s costs - something else to bear in mind.
- I use the 650s whenever I can, I know it will depreciate more but I have it to drive it, not for the joy of just "owning" it (the finance company still owns most of it). McLarens are great in this respect - perfectly usable as a daily
- Having said that, I can relate to others who have said it feels different to actually own the car. Would be nice, but not nice enough to make me want to release equity from property!
- I may need to bail out in 6 months time when PCP ends, with interest rates much higher and warranty cost also jumping up (car will be over 5 years old). If so, never mind, I will have enjoyed the car for 3 years, and there is plenty of fun to be had from much cheaper cars. Will be no regrets!

So in summary - if you can afford the monthly costs (including warranty) without stress, you can afford the car. Similarly, if you are happy you have sufficient capital assets that you can tie up capital in a (potentially depreciating) supercar, then again, you can afford the car.


HTH!









DeejRC

4,340 posts

66 months

Sunday 6th November
quotequote all
Fun history Rod.
I was born n raised on a mixed diet of 2 seat roadsters, Lancia coupes and 106/206/306 hatches. So I’ve not stopped owning 2 seats roadsters and Italian coupes. I don’t do hatches anymore and like Clarkson I consider Lancia to be the greatest brand ever.

rat rod

4,515 posts

49 months

Sunday 6th November
quotequote all
browngt3 said:
Excellent rat rod! 'only' 5 Lambos, but just look at them, possibly the ideal selection!

How did the Urraco/Jalpa compare to the 308's?Always been interested in them. Loved the green one they did on Wheeler Dealers
Owed the Jalpa along with a 308 GTS on carbs at the same time, Jalpa sounded more exciting,the howl from the enine and

a whine from the gearbox/transaxle sounded like a quiet version of a Hewland racing box which in turn made it feel faster than the 308,

My car was triple black with a wing and most none car people thought it was a Countach.

With the Lamborghini badge and ilke the Gallardo people don't seem to care whether it's got the wrong doors.

The high dashboard looked like it was made out of cereal boxs by" Blue Peter" much the same as the Countach,not so much the quality

more the design. Overall i prefered the 308,The interior is less fussy more functional and it felt more like a race car in it's simplicity and

airier than the Lambo when the roofs were on,about the same with them off, Not sure if this a good thing or not but the 308 felt more normal

making it easier to drive which might be construed as boring but is not the case, depending where you are driving them really. the

Jalpa feels rawer and more of a handful and having a lower driving position and high dashboard doesen't help but this could be a advantage for taller

drivers.I'd forget about the Urraco and go for a Jalpa every time,it's to fragile and not very quick ,the Jalpa has much improved build quality

and that lovely more powerful V8.Only had the Urraco around a month , bought it on price really ,£6,500 knowing it needed work but was mot'd

and taxed , broke down on me three out of the four times i tried to use it not only that i kept comparing it to the 308 GT4 which is sooo much

superior car hence it went after only a short time.,








rat rod

4,515 posts

49 months

Sunday 6th November
quotequote all
DeejRC said:
Fun history Rod.
I was born n raised on a mixed diet of 2 seat roadsters, Lancia coupes and 106/206/306 hatches. So I’ve not stopped owning 2 seats roadsters and Italian coupes. I don’t do hatches anymore and like Clarkson I consider Lancia to be the greatest brand ever.
The Lancia's are so underrated especially compared to the Alfa's, haven't had many ,i think six in total,

a Fulvia coupe,Monte-Carlo,Beta saloon,Beta coupe,Beta HPE and a Beta convertible sort of targa top.

Like you i had some 209's ,great fun one being super-charged,it was always getting me into trouble

showing up BMW's ,Jag's and the like loser




Edited by rat rod on Sunday 6th November 22:09

P5BNij

12,954 posts

90 months

Sunday 6th November
quotequote all
rat rod said:
browngt3 said:
Excellent rat rod! 'only' 5 Lambos, but just look at them, possibly the ideal selection!

How did the Urraco/Jalpa compare to the 308's?Always been interested in them. Loved the green one they did on Wheeler Dealers
Owed the Jalpa along with a 308 GTS on carbs at the same time, Jalpa sounded more exciting,the howl from the enine and

a whine from the gearbox/transaxle sounded like a quiet version of a Hewland racing box which in turn made it feel faster than the 308,

My car was triple black with a wing and most none car people thought it was a Countach.

With the Lamborghini badge and ilke the Gallardo people don't seem to care whether it's got the wrong doors.

The high dashboard looked like it was made out of cereal boxs by" Blue Peter" much the same as the Countach,not so much the quality

more the design. Overall i prefered the 308,The interior is less fussy more functional and it felt more like a race car in it's simplicity and

airier than the Lambo when the roofs were on,about the same with them off, Not sure if this a good thing or not but the 308 felt more normal

making it easier to drive which might be construed as boring but is not the case, depending where you are driving them really. the

Jalpa feels rawer and more of a handful and having a lower driving position and high dashboard doesen't help but this could be a advantage for taller

drivers.I'd forget about the Urraco and go for a Jalpa every time,it's to fragile and not very quick ,the Jalpa has much improved build quality

and that lovely more powerful V8.Only had the Urraco around a month , bought it on price really ,£6,500 knowing it needed work but was mot'd

and taxed , broke down on me three out of the four times i tried to use it not only that i kept comparing it to the 308 GT4 which is sooo much

superior car hence it went after only a short time.,
I like the Jalpa and it's much rarer brother the Silhouette, but personally I'd take a fully sorted Urraco over both of them if I had the money, for the purity of Gandini's original design. I've never driven one but all of the period reviews described as one of, if not the best handling car they'd ever tried. I can understand why you've had so many 308GT4s though, a design which Gandini based on his first Urraco prototype (rejected by Ferruccio Lamborghini in 1970) but tweaked very nicely to give Ferrari a replacement for the 246GT.

Love reading about your multi faceted car owning experiences, it's like living vicariously over and over again wink

rat rod

4,515 posts

49 months

Sunday 6th November
quotequote all
P5BNij said:
I like the Jalpa and it's much rarer brother the Silhouette, but personally I'd take a fully sorted Urraco over both of them if I had the money, for the purity of Gandini's original design. I've never driven one but all of the period reviews described as one of, if not the best handling car they'd ever tried. I can understand why you've had so many 308GT4s though, a design which Gandini based on his first Urraco prototype (rejected by Ferruccio Lamborghini in 1970) but tweaked very nicely to give Ferrari a replacement for the 246GT.

Love reading about your multi faceted car owning experiences, it's like living vicariously over and over again wink
The Urraco has that purity of line over the Jalpa along with the Silhouette ,

If used as a short distance toy the Urraco is fine but you could take the Jalpa to the Alpes

on a road trip which i wouldn't in a Urraco, after saying that probably hundreds have .

Lucky you got away with just that,could think of plenty more afterwards,

Makes for good bedtime reading for those with insomnia sleep


Man of gas

134 posts

111 months

Sunday 6th November
quotequote all
Eatpies99 said:
What an interesting thread. For comparison to some posts here....
I bought my 458 in January. £135k. I earn less then £100k. It costs me about £1000 a month. I don't invest any money other then my pension. But man I love driving that car.....
  1. pistonhead
Wow, that’s a very refreshing post and gives me hope for the future. I earn more than 3 times your salary yet am nowhere near being able to trade in my 10 year old XKR for a Mclaren 570/720 that I have been dreaming of for the last few years.I am presuming you don’t have the same level of family outgoings that I do but even so I salute your pistonheads credentials

av185

16,604 posts

111 months

Sunday 6th November
quotequote all
browngt3 said:
How did the Urraco/Jalpa compare to the 308's?Always been interested in them. Loved the green one they did on Wheeler Dealers
Yes B watched that yesterday very interesting programme it looked a great car excellent bodywork in a superb colour.

Sold too cheaply imo.

Fessia fancier

781 posts

167 months

Sunday 6th November
quotequote all
rat rod said:
Better sit down with a nice cup of tea as this might take a while,well you did ask yes

Think you will be disappointed ,well with the Ferrari's ,mostly 308's GT4's,GTB/GTS's ,365's and 400's when nobody wanted them,a couple of Dino's

yes even a few Monidials for the school runs and just one 465, Sorry to say never could afford any of the great Ferrari's like a Dayton,Lusso's or 275's

not even a one owner ,19.000mile Daytona for £19.995 by Maranello's,to busy buying £8K/£12K 308's ,should have sold the house and bought four of

them, thought i had Jim Davidson's 1979 Boxer in the bag putting my name to it at Maranello's for £16,500 but he cancelled his new car and kept it.

Only four Lambo' s ,a Urraco owned for a month,Espada,Jalpa and a Countach , The rest is a eclectic mix of older Aston's ,E types ,Healeys ,Jensen's

many Rollers and Bentley's 50's/60's /70's up to the 80's, lots of yanks,50's /60's land yachts,muscle cars,hot rods and trucks, five Cosi's one being a

tarmac rally car high end replica's, three Cobra's ,D Type,C type Lotus 11, lots of Porsches from 365's,924's,944's '928's to 911's including two turbo's one

which i run out of talent and totalled it in the New Forest.

A mix of track day cars including a monster of a Poniiac Firebird that run in the AMOC Intermarque series and some single seaters , a Formula 3 that

won the 85/86 F3 championship later to win the ARP series for older F3's in the early to mid 90's unfortunatly not with me behind the wheel , took a lovely

2 litre Formula Ford with all the wings and slicks in p/ex on that ,it was full proof unlike the F3 ,any fool could drive it fast even me. Getting fed up with
falling over a trailer and a mostly unused 4x4 i went on to Caterhams,

Most of them i could drive to the track and the pub on a Sunday morning unlike the single seaters,

Probabably having almost every engined 7 they did, BDA's, BDR's,Lotus twin cam's,Red Tops twin cam Vauxhall engines with twin 45's and throttle bodies ,
Still got a track one now with 235 bhp but it's being rebuilt after having a mishap ,

My favourite is the 1700 X flow which in a high state of tune kicks out huge flames ,popping and banging, did have a couple of K series engine cars but

they didn't do much for me preferring the more old school lumps .The good thing about a 7 is you can scare yourself at 80/90 mph where as you need to be

the wrong side of 150 mph in a modern Ferrari ,Lambo or Porsche to get any bum clenching moments so making them safer and more chance to keep your

licence, Sorry this was meant to be a quick abbreviated version just as well i've forgotten more than i can remember,rolleyes

Don't think somehow i got any chance of changing ,been like this ever since my dad handed me the keys to his Healey 3000 at a disused aerodrome in the

New Forest and then said i could drive us home ,not sure if he was brave or stupid, that's how i 'm sure i ended up with this incurable disease,

Like most of us there's that moment that changes your life and interests or in my case obsession, would be interesting to hear how you guys got the bug

and cars owned past and present,:scratchchin

PS-------- You know you are getting old when you fail to remember that you owned a manual Gallardo for six years.

having only sold it in November last year, perhaps i better back track on my statement i made the other day

about having a nineteen year old brain in a seventy year old body ,nerdnerd

Thanks Rat Rod, been struggling with man flu this weekend but that is an interesting read for me and I'm sure many others.

I'm not at all disappointed with the selection of Ferraris, it is an incredible number and more than one a year bought/sold on average over such a long time is something hardly anyone else can have done.

On the Boxer, Jim Davidson has a lot to answer for !

To also concurrently have a large number of other interesting cars must have been a reflection of many early morning trips to buy Exchange & Mart :-)

I'll write more when I'm perkier, but thanks in the meantime.





























































Edited by rat rod on Saturday 5th November 19:23

rat rod

4,515 posts

49 months

Monday 7th November
quotequote all
[quote=Fessia fancier][quote= rat rod]
Better sit down with a nice cup of tea as this might take a while,well you did ask yes

Think you will be disappointed ,well with the Ferrari's ,mostly 308's GT4's,GTB/GTS's ,365's and 400's when nobody wanted them,a couple of Dino's

yes even a few Monidials for the school runs and just one 465, Sorry to say never could afford any of the great Ferrari's like a Dayton,Lusso's or 275's

not even a one owner ,19.000mile Daytona for £19.995 by Maranello's,to busy buying £8K/£12K 308's ,should have sold the house and bought four of

them, thought i had Jim Davidson's 1979 Boxer in the bag putting my name to it at Maranello's for £16,500 but he cancelled his new car and kept it.

Only four Lambo' s ,a Urraco owned for a month,Espada,Jalpa and a Countach , The rest is a eclectic mix of older Aston's ,E types ,Healeys ,Jensen's

many Rollers and Bentley's 50's/60's /70's up to the 80's, lots of yanks,50's /60's land yachts,muscle cars,hot rods and trucks, five Cosi's one being a

tarmac rally car high end replica's, three Cobra's ,D Type,C type Lotus 11, lots of Porsches from 365's,924's,944's '928's to 911's including two turbo's one

which i run out of talent and totalled it in the New Forest.

A mix of track day cars including a monster of a Poniiac Firebird that run in the AMOC Intermarque series and some single seaters , a Formula 3 that

won the 85/86 F3 championship later to win the ARP series for older F3's in the early to mid 90's unfortunatly not with me behind the wheel , took a lovely

2 litre Formula Ford with all the wings and slicks in p/ex on that ,it was full proof unlike the F3 ,any fool could drive it fast even me. Getting fed up with
falling over a trailer and a mostly unused 4x4 i went on to Caterhams,

Most of them i could drive to the track and the pub on a Sunday morning unlike the single seaters,

Probabably having almost every engined 7 they did, BDA's, BDR's,Lotus twin cam's,Red Tops twin cam Vauxhall engines with twin 45's and throttle bodies ,
Still got a track one now with 235 bhp but it's being rebuilt after having a mishap ,

My favourite is the 1700 X flow which in a high state of tune kicks out huge flames ,popping and banging, did have a couple of K series engine cars but

they didn't do much for me preferring the more old school lumps .The good thing about a 7 is you can scare yourself at 80/90 mph where as you need to be

the wrong side of 150 mph in a modern Ferrari ,Lambo or Porsche to get any bum clenching moments so making them safer and more chance to keep your

licence, Sorry this was meant to be a quick abbreviated version just as well i've forgotten more than i can remember,rolleyes

Don't think somehow i got any chance of changing ,been like this ever since my dad handed me the keys to his Healey 3000 at a disused aerodrome in the

New Forest and then said i could drive us home ,not sure if he was brave or stupid, that's how i 'm sure i ended up with this incurable disease,

Like most of us there's that moment that changes your life and interests or in my case obsession, would be interesting to hear how you guys got the bug

and cars owned past and present,:scratchchin

PS-------- You know you are getting old when you fail to remember that you owned a manual Gallardo for six years.

having only sold it in November last year, perhaps i better back track on my statement i made the other day

about having a nineteen year old brain in a seventy year old body ,nerdnerd

Thanks Rat Rod, been struggling with man flu this weekend but that is an interesting read for me and I'm sure many others.

I'm not at all disappointed with the selection of Ferraris, it is an incredible number and more than one a year bought/sold on average over such a long time is something hardly anyone else can have done.

On the Boxer, Jim Davidson has a lot to answer for !

To also concurrently have a large number of other interesting cars must have been a reflection of many early morning trips to buy Exchange & Mart :-)

I'll write more when I'm perkier, but thanks in the meantime.





looking forward to that FF, Hope you are feelig well soon

The reason for the cancellation of Jim Davidsons new 308 GTS QV was that his wife was devorcing him,

not sure what number wife she was but Maranello's wasn't bothered as at the time there was a waiting list

and he had ordered it in red so saleable to the next in line, that didn't help me much but what can you do.

I had followed the build of his car ,when it was completed and had left the factory to arriving in the UK and being delivered

at Maranello's only because i had a vested interest as it involved my purchase of the Boxer ,

Felt like i was having a baby as the process took about the same time. hey ho !! such is life rolleyes


























































andymc

6,961 posts

191 months

Monday 7th November
quotequote all
bought my 650s last month, I am motor trade, love the car, maybe too much attention, run a Hyundai as a daily.

Soleith

285 posts

73 months

Monday 7th November
quotequote all
Christ there's some saltiness here.

S&P average long term annualised is 11.8%. You don't need to be a genius stockpicker to beat finance rates of 5, 6, 7 or even higher percentages!

Long term, I'd rather keep my money in the market if finance is anything under 8%. And then people don't think about adding in rolex daytona's, patek nautilii and other unicorn watches to their "portfolio" which although down this year are still selling massively over RRP.

I get that some people will only ever buy cash. Good for you, but you're losing money. Why would I buy cash when I've been able to finance cars on 0%! And watches on 0%!

Bottom line, if you can afford to service the debt, you can afford the car. Some people just salty that others they perceive as being not properly wealthy can have playthings like they can. Then getting even saltier that they're relatively losing money by having a blinkered view of financing!

DeejRC

4,340 posts

66 months

Monday 7th November
quotequote all
Is there really a need to call ppl salty? Or gripe n snipe about how one does finance or rates or beats the market or doesn’t?

The majority of us in this sub forum are owners of the more high end high end automotive exotica. Some are multiple owners. It isn’t the Golf R forum.
So it’s fair to say the majority have probably made a little cash along the way somehow. That’s all it needs to be, we haven’t got to be wkers about it.

andrew

9,599 posts

176 months

Monday 7th November
quotequote all
Soleith said:
S&P average long term annualised is 11.8%.!
the s&p has never returned anything like 11.8% long term !!!

https://www.google.com/finance/quote/.INX:INDEXSP?...