Real costs of Supercar ownership?
Discussion
I've never owned anything close to a Supercar, but always intrigued by the man maths thrown around on deprication/finance etc that can justify a Supercar without a multiple 6 figure income.
I'm sure plenty of people on here have/do own Supercars. This video was quite eye opening, a McLaren 720S over 3 years cost the owner £3400/month all in to do 12k over that time or £10/mile.
Compared to our current family car, which wasn't cheap by any means (£71k new back in 2017), but done 100k miles, worth only £15k now however the total ownership cost is around 70p/mile all in.
I would love to own a Supercar one day, but if all them cost essentially X10+ to own/run even compared to a fairly expensive 'Normal' car, than it's probably something that'll stay a dream forever
https://youtu.be/_WsnxZtEFU4?si=5lqiUIrYnwv7B09x
I'm sure plenty of people on here have/do own Supercars. This video was quite eye opening, a McLaren 720S over 3 years cost the owner £3400/month all in to do 12k over that time or £10/mile.
Compared to our current family car, which wasn't cheap by any means (£71k new back in 2017), but done 100k miles, worth only £15k now however the total ownership cost is around 70p/mile all in.
I would love to own a Supercar one day, but if all them cost essentially X10+ to own/run even compared to a fairly expensive 'Normal' car, than it's probably something that'll stay a dream forever
https://youtu.be/_WsnxZtEFU4?si=5lqiUIrYnwv7B09x
In my experience the biggest cost is usually the dealer spread over buy - sell. Generally servicing, taxing, fueling, maintaining, insuring aren't that bad. Now you can get unlucky and catch a big maintenance bill, and I know there are people on here with stories to share in that regard. So I think you have to be prepared to swallow that should it happen on the way in.
I have always viewed the buy sell spread as the price to pay for the joy the car gives you. But for me it is my passion, every individual will have a different threshold regarding this. Now the longer you keep a car the less impact full the buy sell spread amortised is. But the longer you own the car the greater the chance of getting unlucky with a big maintenance bill.
I think forums like this are absolutely fantastic as a source of general info on a cars foibles/ticking bombs across a wide spectrum of models. Here is a good place to start shortlisting possible models armed with that info on the way in. Obviously once shortlisted you can head over to a marque specific forum for detailed assemsnt.
There is a large range of truly excellent cars out there that provide great joy in owning and driving probably from about 30k to 200k (depending ones definition of supercar 🫣) , and it really is very possible on more modest incomes than the multiple 6 figures mentioned. Don't forget youtube content is all about driving traffic to the videos. It's deliberately sensationalist and polarising as that is what generates clicks. Don't be taken in by what is posted.
I have always viewed the buy sell spread as the price to pay for the joy the car gives you. But for me it is my passion, every individual will have a different threshold regarding this. Now the longer you keep a car the less impact full the buy sell spread amortised is. But the longer you own the car the greater the chance of getting unlucky with a big maintenance bill.
I think forums like this are absolutely fantastic as a source of general info on a cars foibles/ticking bombs across a wide spectrum of models. Here is a good place to start shortlisting possible models armed with that info on the way in. Obviously once shortlisted you can head over to a marque specific forum for detailed assemsnt.
There is a large range of truly excellent cars out there that provide great joy in owning and driving probably from about 30k to 200k (depending ones definition of supercar 🫣) , and it really is very possible on more modest incomes than the multiple 6 figures mentioned. Don't forget youtube content is all about driving traffic to the videos. It's deliberately sensationalist and polarising as that is what generates clicks. Don't be taken in by what is posted.
Pouhon said:
In my experience the biggest cost is usually the dealer spread over buy - sell. Generally servicing, taxing, fueling, maintaining, insuring aren't that bad. Now you can get unlucky and catch a big maintenance bill, and I know there are people on here with stories to share in that regard. So I think you have to be prepared to swallow that should it happen on the way in.
I have always viewed the buy sell spread as the price to pay for the joy the car gives you. But for me it is my passion, every individual will have a different threshold regarding this. Now the longer you keep a car the less impact full the buy sell spread amortised is. But the longer you own the car the greater the chance of getting unlucky with a big maintenance bill.
I think forums like this are absolutely fantastic as a source of general info on a cars foibles/ticking bombs across a wide spectrum of models. Here is a good place to start shortlisting possible models armed with that info on the way in. Obviously once shortlisted you can head over to a marque specific forum for detailed assemsnt.
There is a large range of truly excellent cars out there that provide great joy in owning and driving probably from about 30k to 200k (depending ones definition of supercar ?) , and it really is very possible on more modest incomes than the multiple 6 figures mentioned. Don't forget youtube content is all about driving traffic to the videos. It's deliberately sensationalist and polarising as that is what generates clicks. Don't be taken in by what is posted.
Great post. I agree with all of this.I have always viewed the buy sell spread as the price to pay for the joy the car gives you. But for me it is my passion, every individual will have a different threshold regarding this. Now the longer you keep a car the less impact full the buy sell spread amortised is. But the longer you own the car the greater the chance of getting unlucky with a big maintenance bill.
I think forums like this are absolutely fantastic as a source of general info on a cars foibles/ticking bombs across a wide spectrum of models. Here is a good place to start shortlisting possible models armed with that info on the way in. Obviously once shortlisted you can head over to a marque specific forum for detailed assemsnt.
There is a large range of truly excellent cars out there that provide great joy in owning and driving probably from about 30k to 200k (depending ones definition of supercar ?) , and it really is very possible on more modest incomes than the multiple 6 figures mentioned. Don't forget youtube content is all about driving traffic to the videos. It's deliberately sensationalist and polarising as that is what generates clicks. Don't be taken in by what is posted.
He put in what £50k ish on a £200k ish asking price? Financed £150k? Forgot what APR he paid, but really...
Then he spend all sorts of unnecessary money on expensive "upgrades" like he was an 18 year old with a copy of Max Power under his arm. God knows if he told his insurance company about these upgrades.
At least he didn't sell it after only 1 year, but yeah the McLaren dealers need to pay the bills on relatively low turnover cars so the bid-ask spread on these is tens of thousands, not thousands, when you come to sell unless you get lucky. And 720s was a relatively high volume car so not much chance of that.
Having said all of that don't let that put you off getting a supercar. Just save up beforehand so that you don't have to finance such a high proportion of the car's purchase price. And be realistic on what you can afford based on where the car is on its depreciation curve. There are many older Ferraris which will not depreciate materially. And maintenance costs should be manageable if you keep on top of it. If you eliminate finance charges and depreciation you are getting rid of the two big risks.
Then he spend all sorts of unnecessary money on expensive "upgrades" like he was an 18 year old with a copy of Max Power under his arm. God knows if he told his insurance company about these upgrades.
At least he didn't sell it after only 1 year, but yeah the McLaren dealers need to pay the bills on relatively low turnover cars so the bid-ask spread on these is tens of thousands, not thousands, when you come to sell unless you get lucky. And 720s was a relatively high volume car so not much chance of that.
Having said all of that don't let that put you off getting a supercar. Just save up beforehand so that you don't have to finance such a high proportion of the car's purchase price. And be realistic on what you can afford based on where the car is on its depreciation curve. There are many older Ferraris which will not depreciate materially. And maintenance costs should be manageable if you keep on top of it. If you eliminate finance charges and depreciation you are getting rid of the two big risks.
I don't like the way he's put together the numbers. Insurance, finance payments, fuel costs etc without watching the entire video... he needs to compartmentalise it as I wouldn't necessarily include everything he's included. Might as well include a sandwich he bought while waiting for the AA to pick him up or whatever.
Would someone like to put together what it actually cost him to run the car?
Would someone like to put together what it actually cost him to run the car?
+1 to Pouhon's post.
You might pay £1-2k pa to maintain a McLaren with V Engineering, then probably after a few years you'll get a larger bill (£5-10k) for say paint or brake discs (or roll it into the 'loss' when sold).
I would think about 'cost to own and enjoy my dream car for 1/2/3 years' rather than per mile.
Say you pay £75k for this 570GT https://www.autotrader.co.uk/car-details/202508185...
In three years say you do 3k miles a year, so from 38k to 47k miles. You'd probably be able to get £60k for it in 2028?
So £15k depreciation/spread, say £5k regular maintenance, and another £5k for an unexpected extra bill. £25k over three years?
Tax is high on this one so £2k for 3y (a slightly later one would be £195). Insurance depends on you but many people are comfortably under a grand a year.
The £5k/year presumed deprecation and dealer spread is the same annual loss as your family car, and that's the biggest single item.
Then cost of capital, say you borrow £60k at 10%, £6k a year, £18k total? But not much different from financing the family car.
I don't actually think a 'Supercar' costs that much more overall than many people spend on their family car. But it's a question of spending the same amount on a car that's just for fun.
You might pay £1-2k pa to maintain a McLaren with V Engineering, then probably after a few years you'll get a larger bill (£5-10k) for say paint or brake discs (or roll it into the 'loss' when sold).
I would think about 'cost to own and enjoy my dream car for 1/2/3 years' rather than per mile.
Say you pay £75k for this 570GT https://www.autotrader.co.uk/car-details/202508185...
In three years say you do 3k miles a year, so from 38k to 47k miles. You'd probably be able to get £60k for it in 2028?
So £15k depreciation/spread, say £5k regular maintenance, and another £5k for an unexpected extra bill. £25k over three years?
Tax is high on this one so £2k for 3y (a slightly later one would be £195). Insurance depends on you but many people are comfortably under a grand a year.
The £5k/year presumed deprecation and dealer spread is the same annual loss as your family car, and that's the biggest single item.
Then cost of capital, say you borrow £60k at 10%, £6k a year, £18k total? But not much different from financing the family car.
I don't actually think a 'Supercar' costs that much more overall than many people spend on their family car. But it's a question of spending the same amount on a car that's just for fun.
Into 3rd year of 720 spider ownership, 4 year old car when I bought it.
£4k in servicing, seems this age has some big bills. So should be cheaper for a few years.
£6k in insurance
Just renewed the warrranty, after a 2 years included something like £4k. May not do that again
6k miles so probably loads in petrol.
Grins, bloody millions.
No idea on depreciation, it’s not going anywhere so don’t care. Although it seems value might have held up.
F430 and 458 were way cheaper to insure and run. Servicing was 100s. But then I use a specialist for that vs McLaren main dealer.
£4k in servicing, seems this age has some big bills. So should be cheaper for a few years.
£6k in insurance
Just renewed the warrranty, after a 2 years included something like £4k. May not do that again
6k miles so probably loads in petrol.
Grins, bloody millions.
No idea on depreciation, it’s not going anywhere so don’t care. Although it seems value might have held up.
F430 and 458 were way cheaper to insure and run. Servicing was 100s. But then I use a specialist for that vs McLaren main dealer.
gangzoom said:
I've never owned anything close to a Supercar, but always intrigued by the man maths thrown around on deprication/finance etc that can justify a Supercar without a multiple 6 figure income.
Man maths is a tool for fooling the missus, sadly mine is an accountant.So you can say stuff like 'insurance is only £300 more than the...', and 'we'd pay road tax on anything', etc etc. Once you hit a certain age and wealth you can even knock 40% off if you think you'll pay inheritance tax, and then split the remaining cost between your beneficaries
I've always ignored 'cost of capital' of things, as I always pay in full. Because really ANYTHING you buy has a financial cost if you'd stuck the capital off your mortgage or in an ISA, be it cars, holidays, furniture, or a posh meal out. So if you don't factor in future cost of a bottle of wine with a meal out, why should you do it for a car which will at least still be worth something the day after?
But you don't need a big income to run a fancy car, you just need enough spare income... A couple on 6 figures with 2 lots of school /uni fees and a mortgage 3 times their salary could have less leeway than a couple of average earners with no kids or mortgage. We bought and ran a Maserati for 9 years in a similar situation.
The really important thing is whether you can afford the expenditure and not worry about it. Because if you're going to spend all your time worrying if that noise is going to cost you £5k, or someone will dent it outside a supermarket, or whether you'll be able to park when you get to your destination, then you won't enjoy it.
Some great well reasoned and differing viewpoints above…..
Definitely agree ‘cost of ownership’ means different things to different people.
My first ‘supercar’ 12 years ago was a used F430. Cost £80k. £40k cash and £40k interest only lease at 7%.
Kept 18 months and traded back to dealer for £80k. Insurance about £600.
Ie about £5k cost to own over a wonderful couple of summers and 4,000 miles.
Bit lucky with market timing.
At the other end of the spectrum, bought my 812SF almost 6 years ago during Covid for £230k with 2000 miles on the clock against a £360k list price. It’s now worth about £220k trade. I paid cash for this and extended the factory warranty up to age 8 at a cost of £18k. Insurance maybe cost £8k. Ie about 36k cost. Sounds great but if I hadn’t bought this toy I’d now have a lot more money.
My investments portfolio has almost doubled over that 6 year period. I.e if I hadn't spent the £230k purchase price I’d now have about £400k. So although initially my purchase seems sound, honestly it’s probably cost me about £200k opportunity cost to own the 812.
Mind, this is not me saying I’d have been better off using finance.
Not trying to sound crass but no matter how much enjoyment I get out of ownership, I wouldn’t do it without knowing it’s not impacting my quality of life, ability to have a beautiful house and holidays to go with it. Just wouldn’t be justifiable to me. Much rather have something like a hot hatch or Boxster and the peace of mind I can enjoy to its full without worrying about the cost.
Definitely agree ‘cost of ownership’ means different things to different people.
My first ‘supercar’ 12 years ago was a used F430. Cost £80k. £40k cash and £40k interest only lease at 7%.
Kept 18 months and traded back to dealer for £80k. Insurance about £600.
Ie about £5k cost to own over a wonderful couple of summers and 4,000 miles.
Bit lucky with market timing.
At the other end of the spectrum, bought my 812SF almost 6 years ago during Covid for £230k with 2000 miles on the clock against a £360k list price. It’s now worth about £220k trade. I paid cash for this and extended the factory warranty up to age 8 at a cost of £18k. Insurance maybe cost £8k. Ie about 36k cost. Sounds great but if I hadn’t bought this toy I’d now have a lot more money.
My investments portfolio has almost doubled over that 6 year period. I.e if I hadn't spent the £230k purchase price I’d now have about £400k. So although initially my purchase seems sound, honestly it’s probably cost me about £200k opportunity cost to own the 812.
Mind, this is not me saying I’d have been better off using finance.
Not trying to sound crass but no matter how much enjoyment I get out of ownership, I wouldn’t do it without knowing it’s not impacting my quality of life, ability to have a beautiful house and holidays to go with it. Just wouldn’t be justifiable to me. Much rather have something like a hot hatch or Boxster and the peace of mind I can enjoy to its full without worrying about the cost.
I have keep a running total of all my costs on my 'supercars' and daily drivers.
I don't include insurance, tax or petrol. This is because my 675LT will do 40mpg on the m-way and costs less to insure than my 718 Spyder did.
My figures include depreciation, warranty costs, repairs and preventative maintenance (over and above servicing)
My McLarens have cost the same, or less to service than my M Cars / RS & AMG's. All around £800 pa
So including depreciation / warranties / repair costs.
675LT over 6 years / 18k miles = £0.19ppm UP - estimated
MP4-12C over 3 years / 15k miles = £1.14ppm DOWN sold and realised
Exige 430CUP over 3 years / 9k miles = £0.26ppm UP sold and realised
981 Spyder over 18 months / 8k miles = £1.56ppm DOWN sold and realised
718 Spyder over 18 months / 11k miles = £0.73ppm DOWN sold and realised
Ferrari F355 over 18 months / 4k miles = £2.13ppm DOWN sold and realised
986 Boxster S over 2 years / 15k miles = £0.38ppm DOWN sold and realised (same for 2 similar cars)
Mazda MX5 na over 12 years / 16k miles = £0.00ppm - estimated
Audi S5 Sportback over 2 years / 12k miles = £0.59ppm DOWN - sold and realised
This is just a selection. But you can see the newer Porsches have always been the worst cars to own financially for me. McLarens and Lotus have been pretty good.
So an 'average' car like the S5 - 59ppm.
A sports car like the 981 - £1.56ppm
A supercar McLaren £0 to £1.14.
Don't buy an old Ferrari!
Costs will of course vary. But I have found supercars cheaper to own than many higher end sportscars and just a little more than a nice daily driver.
I don't include insurance, tax or petrol. This is because my 675LT will do 40mpg on the m-way and costs less to insure than my 718 Spyder did.
My figures include depreciation, warranty costs, repairs and preventative maintenance (over and above servicing)
My McLarens have cost the same, or less to service than my M Cars / RS & AMG's. All around £800 pa
So including depreciation / warranties / repair costs.
675LT over 6 years / 18k miles = £0.19ppm UP - estimated
MP4-12C over 3 years / 15k miles = £1.14ppm DOWN sold and realised
Exige 430CUP over 3 years / 9k miles = £0.26ppm UP sold and realised
981 Spyder over 18 months / 8k miles = £1.56ppm DOWN sold and realised
718 Spyder over 18 months / 11k miles = £0.73ppm DOWN sold and realised
Ferrari F355 over 18 months / 4k miles = £2.13ppm DOWN sold and realised
986 Boxster S over 2 years / 15k miles = £0.38ppm DOWN sold and realised (same for 2 similar cars)
Mazda MX5 na over 12 years / 16k miles = £0.00ppm - estimated
Audi S5 Sportback over 2 years / 12k miles = £0.59ppm DOWN - sold and realised
This is just a selection. But you can see the newer Porsches have always been the worst cars to own financially for me. McLarens and Lotus have been pretty good.
So an 'average' car like the S5 - 59ppm.
A sports car like the 981 - £1.56ppm
A supercar McLaren £0 to £1.14.
Don't buy an old Ferrari!
Costs will of course vary. But I have found supercars cheaper to own than many higher end sportscars and just a little more than a nice daily driver.
I think it really depends. I thought about buying an F40 for 250k, but I really wanted a Carrera GT which cost 330k at the time and I thought I will just wait and buy one a couple of years later. That never happened, but the F40 now is worth probably 2m or thereabouts (even with the 100k km I would have driven it over the last 10 years), so it would have been a rather smart buy (let's ignore the fact that I would have probably died in a fiery car crash). I think a lot of it is about timing, if you are lucky and you buy at the right time, it might cost you nothing. My personal view is that cars built from c. 2000 to 2012 are a smart buy at the moment and will do well in terms of ownership cost. I think with time people will start to appreciate the single-clutch automated transmissions as they are more engaging than the DCT boxes that followed. A well bought supercar has upside potential while any type of new daily driver you buy will only go one way. I daily drove a 355 in London for c. 2.5 years and 20k miles, that car cost me the same in maintenance/petrol etc as it cost to buy, but I enjoyed every minute of it and I would not have changed it for anything else (my salary was maybe nudging 6 digits, but probably actually more like high 5 digits). The car cost 33k to buy and I sold it for 27k (but as said probably spent 25k or so on running costs and repairs).
I can man math most of my cars, but realistically they all cost me a lot of money even if I sold them for more than I paid for them.
Edit: I do think though that none of them cost me as much as say a new M5 or E63 or similar would have cost.
I can man math most of my cars, but realistically they all cost me a lot of money even if I sold them for more than I paid for them.
Edit: I do think though that none of them cost me as much as say a new M5 or E63 or similar would have cost.
Edited by MDL111 on Sunday 15th February 16:13
garystoybox said:
Not trying to sound crass but no matter how much enjoyment I get out of ownership, I wouldn t do it without knowing it s not impacting my quality of life, ability to have a beautiful house and holidays to go with it. Just wouldn t be justifiable to me. Much rather have something like a hot hatch or Boxster and the peace of mind I can enjoy to its full without worrying about the cost.
Sounds very sensible approach. Cannot seem my self been that position for a while yet.Bispal said:
I have keep a running total of all my costs on my 'supercars' and daily drivers.
I don't include insurance, tax or petrol. This is because my 675LT will do 40mpg on the m-way and costs less to insure than my 718 Spyder did.
My figures include depreciation, warranty costs, repairs and preventative maintenance (over and above servicing)
I like the man maths, pick and choose what costs to include to make one seem higher or lower depending on what needs justificationI don't include insurance, tax or petrol. This is because my 675LT will do 40mpg on the m-way and costs less to insure than my 718 Spyder did.
My figures include depreciation, warranty costs, repairs and preventative maintenance (over and above servicing)
.We'll be in a market for a relative expensive new family car soon (£50-100k). But it'll be kept for a decade and do everything from the skip run to the school run.
The Supercar dream is going to have to wait a while longer till I can justify owning a car as a toy without needing to check out the finances first.
MDL111 said:
I think it really depends. I thought about buying an F40 for 250k, but I really wanted a Carrera GT which cost 330k at the time and I thought I will just wait and buy one a couple of years later. That never happened, but the F40 now is worth probably 2m or thereabouts (even with the 100k km I would have driven it over the last 10 years), so it would have been a rather smart buy (let's ignore the fact that I would have probably died in a fiery car crash). I think a lot of it is about timing, if you are lucky and you buy at the right time, it might cost you nothing. My personal view is that cars built from c. 2000 to 2012 are a smart buy at the moment and will do well in terms of ownership cost. I think with time people will start to appreciate the single-clutch automated transmissions as they are more engaging than the DCT boxes that followed. A well bought supercar has upside potential while any type of new daily driver you buy will only go one way. I daily drove a 355 in London for c. 2.5 years and 20k miles, that car cost me the same in maintenance/petrol etc as it cost to buy, but I enjoyed every minute of it and I would not have changed it for anything else (my salary was maybe nudging 6 digits, but probably actually more like high 5 digits). The car cost 33k to buy and I sold it for 27k (but as said probably spent 25k or so on running costs and repairs).
I can man math most of my cars, but realistically they all cost me a lot of money even if I sold them for more than I paid for them.
Edit: I do think though that none of them cost me as much as say a new M5 or E63 or similar would have cost.
Seems to me you either find something older that will cost in maintenance but be offset by the absence of depreciation and hopefully even appreciation, or something new that is covered under warranty but in sufficient limited supply that the depreciation is minimal.I can man math most of my cars, but realistically they all cost me a lot of money even if I sold them for more than I paid for them.
Edit: I do think though that none of them cost me as much as say a new M5 or E63 or similar would have cost.
Edited by MDL111 on Sunday 15th February 16:13
Good pal of mine sets himself a £1k pcm limit on his supercar and it’s worked for him. Sometimes he’s done much better and seen him £1k+ up pcm, other times far worse and got shot of the liability sooner than planned. Thinking back 430 spyder, 430 scud, 458, 458 speciale, Huracan, Huracan perf spyder, various GT3s, GT2 996. He’s on PH so might wish to comment directly…
The OP strikes me as someone a bit cautious with money and I’m not sure it’s the right mindset to properly enjoy supercar ownership. With that in mind, would you not consider something of a lower league like a lotus, or Audi R8 or something a few tiers down? Much fun to own with limited financial exposure to run. Either that or the somewhat ubiquitous Porsche offerings.
gangzoom said:
Bispal said:
I have keep a running total of all my costs on my 'supercars' and daily drivers.
I don't include insurance, tax or petrol. This is because my 675LT will do 40mpg on the m-way and costs less to insure than my 718 Spyder did.
My figures include depreciation, warranty costs, repairs and preventative maintenance (over and above servicing)
I like the man maths, pick and choose what costs to include to make one seem higher or lower depending on what needs justificationI don't include insurance, tax or petrol. This is because my 675LT will do 40mpg on the m-way and costs less to insure than my 718 Spyder did.
My figures include depreciation, warranty costs, repairs and preventative maintenance (over and above servicing)
.We'll be in a market for a relative expensive new family car soon (£50-100k). But it'll be kept for a decade and do everything from the skip run to the school run.
The Supercar dream is going to have to wait a while longer till I can justify owning a car as a toy without needing to check out the finances first.
So thats why I exclude tax / insurance / petrol. At lower miles, up to 12k pa, its insignificant.
PS you are doing this wrong. With £100k I would be buying a supercar / special car for £80-90k and a £10k daily. There are lots of good, fast, reliable & fun skip / school run cars in that price range which would allow you to run a supercar.
I spent 3 years running my 675LT alongside my daily driver, 20yo, £1,600 Subaru Forester, which was amazing, never let me down, could go anywhere, long 600 mile trips and out in snow, it did it all, and sold for what I paid. And even though I replaced with the C63 I still miss it. So get the supercar and make dreams.
Edited by Bispal on Monday 16th February 08:37
To my mind, if you're breaking down the cost of owning a car into £/m or hitting the buttons on your calculator to see whether you can justify it then you're never going to enjoy it as much as you could/should.
I have a weird way of looking at things, according to my wife anyway. I look at it as the money is gone and not coming back once it's bought.
Can I afford £150,000 on a Bentley, yes, well it's gone, so I'm not worrying about whether it's worth £30,000 or £130,000 tomorrow, I'm going to drive it most days and whatever it's worth against my next daily driver is a bonus.
Can I afford £150,000 on a McLaren to use at the weekend, maybe 20 times a year, well yes but would I rather spend it on doing other things, yes, holidays probably, and I have 2 young kids at the moment, priorities may change later in life
It's why I bought a Z4M to blast around in on sunny days in the summer. If I use it even twice a year then I'm never going to resent it. That said, it possibly cost me £400 a weekend over the last year purely on RFL.
Anyway, in short I look at the cost in terms of doing other things, not £. If that makes sense.
I have a weird way of looking at things, according to my wife anyway. I look at it as the money is gone and not coming back once it's bought.
Can I afford £150,000 on a Bentley, yes, well it's gone, so I'm not worrying about whether it's worth £30,000 or £130,000 tomorrow, I'm going to drive it most days and whatever it's worth against my next daily driver is a bonus.
Can I afford £150,000 on a McLaren to use at the weekend, maybe 20 times a year, well yes but would I rather spend it on doing other things, yes, holidays probably, and I have 2 young kids at the moment, priorities may change later in life
It's why I bought a Z4M to blast around in on sunny days in the summer. If I use it even twice a year then I'm never going to resent it. That said, it possibly cost me £400 a weekend over the last year purely on RFL.
Anyway, in short I look at the cost in terms of doing other things, not £. If that makes sense.
Bispal said:
PS you are doing this wrong. With £100k I would be buying a supercar / special car for £80-90k and a £10k daily.
there's a lot of truth in thisevery mile added to my mini is money saved ( both in running costs and in theoretical depreciation ) over adding them to the lambo
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