View Poll Results: What is your train of thought on 160k car?
Less than 75k yr - I'll make ends meet to get what I want
6
5.13%
75k-125k
4
3.42%
125k-200k
17
14.53%
200k-300k
29
24.79%
300k+ - hell I'll by whatever I want
61
52.14%
Voters: 117. You may not vote on this poll
Car Cost vs. Income level
#62
Originally Posted by PorscheC4
Any further revelations as to what youre gonna get next man? how long have you had the TT?
#63
Wow I see lots of variety in the owners on this forum and also the maturity level of the members here which I like. I joined this forum since I was looking to graduate to a P-car from my BMW days but now I'm going into the Lambo world quicker than I thought....
In terms of the question posted about car costs vs. income level I think it's a tricky answer based on many factors.
In addition to what has already been said let me just add that life is all about priorities. One of my female friends once told me that we always claim we are busy and have no time, but in reality we WILL MAKE time for things that we want to do so that is never an excuse.
When you relate this to cars, it also holds VERY true in that we will buy what we want based on various points in our life and what we want to do. I'm 30 now and right in the middle of my life in terms of career and cars. Grants cars come and go but many things in our life cannot wait so I would say to a new car buyer to buy what you can afford.
Showing off with nice cars impresses all the people who don't matter but won't impress the people who do matter. Just think about that next time you want to buy a fancy car to show off.
I have some decent cars and mainly getting the Lambo for a few years to enjoy before the kids start arriving. I'm not the overly rich type who can write a check (maybe one day I can) but I can afford the car without sacrificing too much. I dont make $300k a year but do have many real estate investments throughout the west coast so I feel this is a small reward for me right now.
Happy motoring,
rick
In terms of the question posted about car costs vs. income level I think it's a tricky answer based on many factors.
In addition to what has already been said let me just add that life is all about priorities. One of my female friends once told me that we always claim we are busy and have no time, but in reality we WILL MAKE time for things that we want to do so that is never an excuse.
When you relate this to cars, it also holds VERY true in that we will buy what we want based on various points in our life and what we want to do. I'm 30 now and right in the middle of my life in terms of career and cars. Grants cars come and go but many things in our life cannot wait so I would say to a new car buyer to buy what you can afford.
Showing off with nice cars impresses all the people who don't matter but won't impress the people who do matter. Just think about that next time you want to buy a fancy car to show off.
I have some decent cars and mainly getting the Lambo for a few years to enjoy before the kids start arriving. I'm not the overly rich type who can write a check (maybe one day I can) but I can afford the car without sacrificing too much. I dont make $300k a year but do have many real estate investments throughout the west coast so I feel this is a small reward for me right now.
Happy motoring,
rick
#64
Frankly, I don't care if I make 100k or 300k, I will own a Lamborghini. I'll live in a 2 bedroom house and drive a Honda Civic daily if I have to.
There is no finer feeling than waking up on a Sunday morning, going strait to the garage, and firing up your baby.
Some people like big houses, expensive vacations, luxury dining, etc. I'm a die hard car lover and I wouldn't have it any other way.
There is no finer feeling than waking up on a Sunday morning, going strait to the garage, and firing up your baby.
Some people like big houses, expensive vacations, luxury dining, etc. I'm a die hard car lover and I wouldn't have it any other way.
#65
Originally Posted by iLLM3
Had the turbo about 9 months, i want a GT2, or maybe to switch up the color on my turbo, start fresh and go ALL OUT!!
#66
Originally Posted by s4play
Wow I see lots of variety in the owners on this forum and also the maturity level of the members here which I like. I joined this forum since I was looking to graduate to a P-car from my BMW days but now I'm going into the Lambo world quicker than I thought....
In terms of the question posted about car costs vs. income level I think it's a tricky answer based on many factors.
In addition to what has already been said let me just add that life is all about priorities. One of my female friends once told me that we always claim we are busy and have no time, but in reality we WILL MAKE time for things that we want to do so that is never an excuse.
When you relate this to cars, it also holds VERY true in that we will buy what we want based on various points in our life and what we want to do. I'm 30 now and right in the middle of my life in terms of career and cars. Grants cars come and go but many things in our life cannot wait so I would say to a new car buyer to buy what you can afford.
Showing off with nice cars impresses all the people who don't matter but won't impress the people who do matter. Just think about that next time you want to buy a fancy car to show off.
I have some decent cars and mainly getting the Lambo for a few years to enjoy before the kids start arriving. I'm not the overly rich type who can write a check (maybe one day I can) but I can afford the car without sacrificing too much. I dont make $300k a year but do have many real estate investments throughout the west coast so I feel this is a small reward for me right now.
Happy motoring,
rick
In terms of the question posted about car costs vs. income level I think it's a tricky answer based on many factors.
In addition to what has already been said let me just add that life is all about priorities. One of my female friends once told me that we always claim we are busy and have no time, but in reality we WILL MAKE time for things that we want to do so that is never an excuse.
When you relate this to cars, it also holds VERY true in that we will buy what we want based on various points in our life and what we want to do. I'm 30 now and right in the middle of my life in terms of career and cars. Grants cars come and go but many things in our life cannot wait so I would say to a new car buyer to buy what you can afford.
Showing off with nice cars impresses all the people who don't matter but won't impress the people who do matter. Just think about that next time you want to buy a fancy car to show off.
I have some decent cars and mainly getting the Lambo for a few years to enjoy before the kids start arriving. I'm not the overly rich type who can write a check (maybe one day I can) but I can afford the car without sacrificing too much. I dont make $300k a year but do have many real estate investments throughout the west coast so I feel this is a small reward for me right now.
Happy motoring,
rick
Greg
#67
Originally Posted by PorscheC4
I agree with what youre saying martin. i grew up very well off, BUT at the same time, my parents were able to teach me(and my 2 sisters) good morals and being a descent person. i ALWAYS got what I wanted and STILL do for the most part since I am in my last year of college(i graduated undergrad and am now in an grad school(MBA program)). i feel that i did learn a good sense of the dollar and really learned that this past summer interning for one fo the BIG 4 accounting firms in the nation. i mean my dad ALWAYS buys cars in FULL and has taught me things such as this, and having good credit, making smart investments, etc.
Remember the old adage
If it flys, fuc** or floats --lease it don't buy it!
#69
Everything is relative.
I don't think those salary brackets can be universally applied to everyone spanning across the different states, let alone, the different countries of the world. Why? Simple, different standards of living i.e. different cost of living
100k annually in San Francisco doesn't get you much. The idealised idea of "driving a honda everyday and living in a 2-bedroom home, and still own a 200+k exotic" with an annual 100k salary is not even remotely realistic...not even if you're just renting the 2-bedroom (avg rent is 2,700 to 3,500)! or even if you're living off a daily diet of instant ramen.
Avg. cost of owning a 2-bed in the city of San Francisco = 700k to 1.5mill
Monthly condo HOAs are pretty steep here especially in a nice building and for the larger units = 600 to 1,800
So, lets say you do the standard 15% down, 30yr fixed loan, your mortgage would be in the high 3k to low 5k range, depending on your credit of course. Deduct that from your 100k annual TAKE HOME salary, which leaves you about 2-3K every month.
Now lets figure out the car payment on a 200k exotic. Immaculate credit, 5% down perhaps? Lets thin it out to an 8-yr term w/ 6% interest, that leaves you with a monthly car payment of $3546 (edmunds.com). Well what do ya know, that already puts you in the negative. How are you going to pay for food, electricity, water, and gas? lol
But take that same 100K out to hmm lets say Oregon or even Texas or perhaps amish country lol or if you don't have a mortgage or rent then you're good to go. I think spending more than 50% of your annual income on a car is crazy talk, ESPECIALLY, when it's a depreciating asset.
I don't think those salary brackets can be universally applied to everyone spanning across the different states, let alone, the different countries of the world. Why? Simple, different standards of living i.e. different cost of living
100k annually in San Francisco doesn't get you much. The idealised idea of "driving a honda everyday and living in a 2-bedroom home, and still own a 200+k exotic" with an annual 100k salary is not even remotely realistic...not even if you're just renting the 2-bedroom (avg rent is 2,700 to 3,500)! or even if you're living off a daily diet of instant ramen.
Avg. cost of owning a 2-bed in the city of San Francisco = 700k to 1.5mill
Monthly condo HOAs are pretty steep here especially in a nice building and for the larger units = 600 to 1,800
So, lets say you do the standard 15% down, 30yr fixed loan, your mortgage would be in the high 3k to low 5k range, depending on your credit of course. Deduct that from your 100k annual TAKE HOME salary, which leaves you about 2-3K every month.
Now lets figure out the car payment on a 200k exotic. Immaculate credit, 5% down perhaps? Lets thin it out to an 8-yr term w/ 6% interest, that leaves you with a monthly car payment of $3546 (edmunds.com). Well what do ya know, that already puts you in the negative. How are you going to pay for food, electricity, water, and gas? lol
But take that same 100K out to hmm lets say Oregon or even Texas or perhaps amish country lol or if you don't have a mortgage or rent then you're good to go. I think spending more than 50% of your annual income on a car is crazy talk, ESPECIALLY, when it's a depreciating asset.
Last edited by mbphreak; 09-22-2006 at 02:55 PM.
#70
My dad always taught me to enjoy things while I'm young but not to screw myself and my credit up but if I have the means to enjoy nice cars or whatever to do so now before kids and all the other bs. His words to me about expensive cars was never spend more for a payment than you make in a week or less.
#72
Originally Posted by PorscheC4
Yea I lov ehte GT2 as well. you seem like the type of person who would appreciate that car as well, from what i know about you from talking to you on here. Although, you seem to mention a lot about how you JUST FINALLY got the car dialed in to where you want it. youve only had it for 9 months which is not a long time. its fast, its gorgeous and there are too many around like yours. someone was saying the night that while we love our cars and appreciate them for being on of the best in straightline and especially in handling, that WE NEVER(as regular drivers) even come close to touching the capabilities that these amazing machines are capable of. So in your situation while a GT2, a G, or a GT3 is what you desire for, why not keep honing your abilities in the car you have. because after all, its capable(and this goes for prob 95% of us) of so much more than you have done with it. So why not, no that you have it right where you want it, keep it, maybe go to a stage 3 or 4 for a little more power and really push it to its limit. granted this all goes out the window if you have already done all this, but i dont know so just my thoughts on it. hope it helps. i also thing your color is great but if a change of color is all you need then by all means, get going!
Come out to NY, i'll take you for a ride you wont forget, my backyard racetrack
#73
Originally Posted by Marc996Miami
My friend buying a car in FULL does not make someone smart once again like Tuner states there are alot of variables, I sell private Jets from 2-56m and no one pays for them in cash too much value gained other ways with that kind of $ as well my Dad taught me never sink my $ into a depreciating asset when you can lease it and write it off , now thats smart
Remember the old adage
If it flys, fuc** or floats --lease it don't buy it!
Remember the old adage
If it flys, fuc** or floats --lease it don't buy it!
#74
Originally Posted by iLLM3
Funny you mentioned its limits, just got back from a HARD drive in my car, pushing and exceeding the cars limits with oversteer, i can say i love it, but still i guerss its that Porsche's are built so damm well and they are so stable, that its not challenging in the turbo , its fun and excited me for a little bit, i still want something even stiffer, made even faster, even more raw though!
Come out to NY, i'll take you for a ride you wont forget, my backyard racetrack
Come out to NY, i'll take you for a ride you wont forget, my backyard racetrack