96redLT4

Be interesting to hear Gus chime back in on how he 'feels' now after 3 yrs. I bet he has had 3 years of blissful driving and has a net worth even higher than he started. Reminds me of when my GTS made it to the dealer 5years ago. I was literally sick for days, sleepless nights etc driving my wife crazy. How am I going to write checks for this? This is the last car ever. I'm not going to take delivery. Etc.etc. Fast forward 5 years and I'm sitting here trying to figure how to expand my garage so I can park my GTS next to the next one. The car craziness is what brings us all here together!

B Russ

People have different ways of justifying and paying for toys. My personal approach on toys has been I better be able to pay it off in 6 months or less or I dont do the deal.

snake eyes

financial advice, move
alao life advice, move

lake front house under 800k in Atlanta GA.


i was so happy to get out of Seattle and California

K C

everyone treats money differently so the vast comments are not surprising. Spend it however you want it. I doubt vast majority of owners make $300k a year, might be wrong but most fund it through savings or leverage. And there's nothing wrong with loans, i've personally fund all my cars through loans just as an arbitrage opportunity. my returns are far greater than loan rates (especially now). Why wouldn't you leverage?? If you can pay it off without doubt, and make some $ on the way. But no matter how much money i have, i would still feel worried spending $155k on a car but that's just me.

A close friend recently passed on her yacht and another on their death bed...only tells me you have to live a happy and healthy life. don't over do it, enjoy it

desmotesta

I didn't read the entire thread, just skimmed through some posts.

My humble opinion, is that $150K is not what it used to be. One can spend $100,000 on a pickup truck (exceptional and extreme example..but still a domestic pick up truck) and most luxury SUV easily hit the $100,000 mark.

Just 15 years ago $150K was a lot of money.. not anymore.. I would say anything in the $125K-$175K range is the equivalent of buying a 2002 E39 M5 for $82K New.. as in a little expensive yes, but not OMG money spent on a car

lastly, Both my wife and I lost a sibling (both in their low 30s).. so may be my outlook is skewed... you only live once.. and "waiting for the right time is a prescription for a wasted life"..

good evening all..

Bud Taylor

In Tallahassee will get you around 5 to 6k square feet fairly new. It is amazing the cost differentials in homes in the US.

Penn4S

Here is the good thing about the money you earn. It’s yours. Which means you can choose to spend it, keep it and lease, keep a portion of it and finance, spend it and pay cash. Your dime, your cal. And not one situation works for everyone. These are not “need” cars they are “want” cars. We buy them because we desire them and want them, certainly not because we need them.

if “you” feel you earn enough to make that commitment without burdening those around you it’s your call. The method you choose may not be mine or someone else’s on this forum but if it works for you then it’s ok.

if you choose to come here, expose your income, life saving and future plans, expect to get 100 different opinions. In the end only you can decide what’s right for your situation.

Balr14

I always wondered if I was in over my head with a Porsche. After reading this thread, I think I need to look for a Vette as a fun car. I thank everyone for their honest assessments. It is a real eye opener.

justabout

I get support for my car craziness from my fiancé. She is a cancer nurse and see lives cut short and so has a different perspective on planning for the future. We will retire comfortably but with some nice toys.

B Russ

^^^ Lost both my sister and father in 2 months, Im the only one left so I definitely changed my view on things. That being said my rule of paying off toys in 6 months still applies. Even with 2% money out there I still am most comfortable with little to no debt.

97supratt

He's on the lamborghini chat now.

Liselelal

You shouldn't feel foolish about that. If you bought it, it means you needed it. If you have raised money to accomplish your goal (in your case, buying a car), you have no reason to feel foolish. I also worked for a long time, and I bought a house that may be too expensive. I also felt terrible at first, but I realized that I needed this house, and I worked hard for it over time. And a big plus was that I turned my cash into cash, and it was effortless for me to pay for this house. It all happened because of a site that inspired me - https://thecentsofmoney.com/why-liqu...worth-matters/.

desking101

Considering people spend $2m on 1400sqft homes and then eat top ramen and drive a 2005 Prius every day around here, I didn't feel bad at all about buying my 911. As long as it doesn't make a drastic change to your finances, splurging on a toy like these, especially when they have good resale value, is not a huge deal IMO. I always have my retirement set aside, plus lots of cash for any business/investment opportunity that comes my way in case I need to be liquid, and 6 months living expenses of course. If you can do those along with the car and still be comfortable, then you are fine.

Eloas

If you can pay cash for a Porsche, don't pay cash, finance it. I financed my porsche, the finance rate with my bank was 1.14 %... (My credit score is 855). So I used my cash insteed in various ETF's and Stock Exchange for 20% average return. Better move if you have the cash... You spend 1.14% financing, but you gain 20% - 2-3 % inflation : So +-17% incomes in return, you make money with the money, and you have your toys too...

rnl

you can always make more money, you can't make more time. Enjoy what time you have and spend what you want.