lease it, don't be pussy and enjoy your $100k car ... life is short ;)

someone is thinking:winkwink: :thumbsup

Same here, cars never were a big priority for me.

The moment you drive them from the stand you've lost 20% of their value.

true, but what's the point in pretending to be rich when you aren't?

just like you said you bought a new BMW when you could barely afford the first rate for it, few years ago

IMO you buy an expensive car, when you are already rich or wealthy, have some nice savings and biz is going good - then you can reward yourself :glugglug

i guess everyone has a different view on it though, as this thread proves

I could never leave $1M at the bank...rather buy some real estate and rent it for a nice monthly income.

but the point was I had FUN with it...and it motivated me to work on other things as I said...now I make more on a good day than before per month. I need 2 things to work hard:
1.) monthly payments of any kind
2.) people who laugh at my plans(profit, etc)

100k car? Sounds like... I have like a 1k car now! lol

ok, understand.....

( i think I do )



:thumbsup

You could always buy a second hand (shock horror) executive driven model. My father in law works for a large manufacturer that offers long term employees special pricing on their executive driven cars. Most of them are priced well below market value so in effect they are an investment. I figured out that one model I was interested in had employee pricing that was roughly the same as a 12-18 month old car - so I could acquire it, drive it for a year and sell it for a net depreciation loss of zero.

Pity it had a totally fugly plasticy dash and door trim. I bought something prettier elsewhere.

btw dont you have any type-in domains to sell? :glugglug

tell your buddy to buy my boat, the broads you pick up are already half naked in thong bikinis:winkwink:

The point is to not over-extend yourself. If you have $2M in the bank and spend $100k, it's no big deal. On the other hand, if you have $250k in the bank, and spend $100k you're going to feel it. I don't care what anyone tells you, cars like this are NOT an investment, if they were an investment you would NEVER drive them; owning a high-dollar car is a luxury, one that should only be attempted when you can reasonably afford to do so. :2 cents:

........

Ok, let's run a scenario. What happens if one day the Real Estate TANKS? You have just lost your entire savings and need money badly. Now what are you going to do? Sell your expensive car to raise the money? Not likely..... what do you do then?

Touche :thumbsup

not really...

well i'm buying f.e. one right now for $3.5k, maybe I could sell for it $20k ;)

Didn't mean to sound argumentative on this one, just food for thought :)

dont worry :)
Well, what about this. If I have a real estate for $1M, its going to make some nice monthly cash from renting it. That cash will produce some savings, too. And a bank isnt 100% safe either. :) Im not againts having something in the bank as back-up for "bad days". But most of the money has to make money or be spent on things that make me happy. But thats just me. :)

Im buying 2 atm. But not as good ones as you if it really works for you. But I want them for long term steady income, not to sell them again.

Doesn't sound like smart investing to me, what happens when your tenant moves out and your rental income dries up for the next 6 months? :) Diversify with 5 x $200k houses or 10 x $100k houses (etc, etc) to spread the risk...

Just go buy it. Until someone proves otherwise, you only live once. Enjoy it while you can. Just make sure you can afford it. Don't be scraping by on your house payment just so you can drive an 355 or a 911 or whatever it is that you want.

Buy what you can afford and enjoy it.

Life is uncertain and clearly goes by quickly.I've known many men that worked hard,made the right career moves,saved for their retirement and fell over dead in their early 60's.

of course, I wouldnt buy just 1 real estate for that kind of money...but spread it over 5-10 smaller appartments :)

Are you more likely to get a hard-on for a new car, or a new house? (Assuming that you already have both and they're "acceptable")

I know what my answer would be. :thumbsup

new car :)

Mine would be the same, and I bet the majority of others would also prefer a new car in that circumstance. I think we've come full circle now. :winkwink:

My thoughts on the original question: if you can comfortably afford the repayments now and you think you'll be able to for the term of the loan, then go ahead and finance it... but NOT to anywhere near 100%. If your income goes belly up you don't want to find out the hard way that your car's market value has depreciated to lower than what you still owe on the loan.

This way you get to enjoy your car now (or "sooner") but with a substantially reduced risk of going -ve if your income dries up.

thanks for the responses will point my friend to this thread.

About real estate it is a good investment, but you got to live a little. I know some guys that do well, but it seems they are saving their money to just buy another piece of property all the time. They are not actually enjoying any of the money they make. When you die they can't bury you with your money.

I leased my Ferrari and did VERY well on it. Bought out my lease towards the end and pocketed $20k. It all depends on the lease, and your CPA. My sl65 I bought, different car, different #'s, different economics.

Of cours if only people who could afford a $100k car posted in this thread, there would be fewer than 10 replies.

Sorry I killed your thread!

As rule of thumb never spend more than 5% of your net worth on a car.

Jealous much?

http://www.wielco.com/praha/images/IMGP1230.jpg

:321GFY

This is how we roll up here in the "519"

http://filebox.vt.edu:8080/users/bfr...3_103_full.jpg

DH

threads like this are my favorite ones and if there werent such thread here i would never come to GFY anymore

seriously, i love threads discussing different attitutes towards money/spending habits/lifestyle/life choices/investments etc

btw what happened to Andrej NDC?

Congrads on the sale/s

In his country Russia they do :thumbsup

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thats the truth. most people dont know shit about finance.:2 cents:

Finally, somebody in the know. :thumbsup

It won't slowly loose value. It will loose value at an extremely fast rate.

And yeah most arn't collectors so in as little as 5 years you are looking at loosing 25k-50k. Its a really bad investment.

lease for 24 months, pay $1,800 a month on the thing then fucking give it back and get yourself the new version.


only a fucking idiot buys a 100k car.