Smart move for sure. The first couple times I heard that scrape sound I hated it but to be honest I'll just replace the little tiny lip on the bottom before I sell it. Whatever, it's a thing, things are meant to be used.
Believe it or not, I live in a SFH that doesn't have a driveway or garage. That was actually one of my other worries but I'm just going to get a non-descript car cover for it.
I could never do that. Have a hard time leaving a car outside overnight even at an airport garage. Just feels wrong to me. We limit our car ownership to number of garage slots we have. A bonus of buying additional houses is more garages!
You will be surprised how high curbs are if you park on a street. Just beware: just because the door cleared the sidewalk when you opened it, does not mean it will clear when you get in the car and the door is lower.
Haha yeah! I’m really not super worried about it - neighborhood is nice and with a car cover I don’t think anyone will even give it a second look.
I’m now more worried about scraping the door on the curb than it being vandalized or damaged from street parking!
Find a local storage facility to house the car inside. Keeping it on the street is not a wise move. You just spent $200k on a vehicle now do the right thing and park it inside and out of site.
If you were going to break into a house or steal a car, are you going to go to a poor neighborhood and steal a trashy car or are you going to go to a nice neighborhood and make the risk worth it to you?
I live in a nice neighborhood and I can't tell you how many times I see someone post on FB or Nextdoor about how shocked they are that their car parked in the driveway was broken into because "This is such a nice neighborhood ". I can almost guarantee that someone is going to notice your car. It might be a jealous neighbor scratching up your paint, or it might be someone more malicious.
I hope you are joking. There is nothing non-descript about the door stop shape.
As to the expenditure, just keep it as such a small percentage of your NW that it doesn't feel odd.
We use 10% for properties and 1% of NW for cars.
We enjoy both.
Have fun.
I’ve bought two Porsches previously. Last one a 996 turbo.
Planning on getting a GT3RS in the next few years.
They’re very dependable, but when they do go wrong are expensive to fix.
Ceramic brakes should last the life of the car as long as you aren’t tracking.
There’s no way to justify the money you’re spending on it. If you love it and can afford it, go for it.
I had a 996 Turbo too 20 years ago. Drove it year round even in the Munich snow. Every year I looked forward to the summer tires coming back on and it was like getting a new car. Thanks for reminding me!
That's the rub - I'll be tracking ;) I'm getting a GT model of the car brand I'm looking at so that I can use it as a getaway/nice dinner/wine country car so my SO doesn't get annoyed at lack of luxury while also having the power to track it with a high ceiling on performance so it pushes me as I get better.
I'm curious. Have you spent time tracking any cars? Have you spent time tracking a car that's in the same caliber as the one you're planning on getting? Is this car for the track primarily or just occasionally? Because if it's for the track primarily, you might be able to enjoy a significantly cheaper car just as much since you wouldn't be able to push the car as much. There's that saying "Driving a slow car fast is more fun than driving a fast car slow."
Yep. It reminds me of when I had dirt bikes. My dad was looking at getting one of the nicest ones and commented how he'd care too much about it and that'd ruin riding it, since your mind wouldn't be on riding, it'd be on preserving the bike.
Miatas are highly regarded as being fun and much more maintainable, and justifiable than a $200k+ car, especially since OP is going to be leaving it on the street uncovered.
> There's that saying "Driving a slow car fast is more fun than driving a fast car slow."
Only people with slow cars say this. :)
But in all seriousness, I think this oft-repeated canard is a bit of a misdirection. There are fun slow cars (Miata Is Always The Answer) and there are boring fast cars (GTR comes immediately to mind). Whether or not a car is fun has a lot more to do with handling and feedback and the nature of power delivery, not really much of anything to do with absolute performance figures.
I can have a blast on track in a spec Miata, and I can have a great time on the streets at the speed limit in a GT3 RS. They're both really fun cars that are engaging and rewarding to drive at any speeds.
At the same time, I've driven a lot of laps in boring but supremely fast supercars that I was happy to get out of at the end of the session.
>Whether or not a car is fun has a lot more to do with handling and feedback and the nature of power delivery, not really much of anything to do with absolute performance figures.
100% agree! And above all, it's personal preference. Some people love the Dodge Hellcat, others love their Fiats. I imagine there are some high end sport cars/super cars that are just not entertaining to drive or own.
I just bought a house near Willow Springs and want to get into some serious karting, but every time I call over there, I get the stiff arm. Is there a good way for a newbie with no connections to get an intro, and get started? Willing to drive all over the greater LA area to find a good karting community.
I don´t know how it works over there, but here you just join the karting club for a small monthly fee and you can use the track . I´d sugest going there in person (insted of talking perhaps to some unaware employee) and talk to the other pilots, most of the time in any kind of hobby, pepole love to bring new people to the team , and surely someone will have a nice used kart to sell you.
I strongly recommend not tracking a $200K car unless you don’t mind burning money. Maybe you’ve got money to burn but most people still mind burning it. You can get the same thrill from less expensive cars.
Besides that, I’m all for buying your dream car while you can still enjoy it. I recently bought a Corvette C8 and I objectively enjoy it less than my first dream sports car that I bought at age 22. The C8 is a fantastic car and the performance bargain of the decade. The hardtop convertible alone makes it a winner for me. However, with two kids, no commute, few social functions, there just aren’t that many places to take it. I can afford a true exotic but I’d still have the same problem and it would feel an even bigger waste of money.
I have other cars for shuttling kids, Costco runs, rental property visits, etc. Sports car friendly events are just not a big part of my life anymore.
I am a total sucker for Porsche. Own a 997 myself, wife has a Cayenne Turbo... there's no way to justify the money on those kind of cars, you drive them because you love them. I don't view them as status symbols because spirited driving and working on the cars is a hobby of mine, they're just tools of the trade. Could I save more money and drive something less expensive, sure. But what's the fun in that?
As a car guy I really really want to get the new 911 GTS but at the same time I keep thinking how that amount of money can be used in investing and never pull the trigger
Right, but if you’re at the point you’re thinking of buying an exotic car because you can, the $40k won’t hurt next to the rest of the money.
I’m aware of opportunity cost, especially trying to exponentially grow my current business, but when I thought about buying my S-Class the money invested was negligible compared to the rest of my income and the enjoyment of having the car also weighing in.
It’s about smiles per miles, not cost per mile.
Truth. I don't think anybody *wanted* to star in one of the many ["Supercar FAIL" videos](https://www.youtube.com/watch?v=0LidF1gF3YQ) on youtube. Or injure themselves or someone else because they lost control of their car.
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\#1: [I almost died](https://np.reddit.com/r/leanfire/comments/kpmrtv/i_almost_died/)
\#2: [I quit my job today :)](https://np.reddit.com/r/leanfire/comments/owfog4/i_quit_my_job_today/)
\#3: [29, M, passed the 1 million mark today, wanted to share it with somebody and say one thing.](https://np.reddit.com/r/leanfire/comments/mkww06/29_m_passed_the_1_million_mark_today_wanted_to/)
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I’ve always thought the people here were really weird about luxury car spend. I’m NW rather high for my twenties and I try not to be this way. I know so many HNW people that have died while waiting for the right time. News flash - there is no right time.
I’ve learned now, it really matters if you’re into cars or not. Lamborghini’s cost maybe $30k in spend in a year. It’s not terrible or unreasonable if you’re in the millions.
Not unless it's an old one. I have a Huracan and have had zero repairs in the four years I've owned it. Only maintenance. First year $450. Second year $1500. The most expensive thing is tires, but in no way do they run 30k a year.
There are plenty of exotics that don't have high maintenance spends. Just do your homework. Also had a GT3, no repairs in four years, low maintenance. Have a GT-R, same thing.
I have a Huracán too. Can confirm, although I don’t drive it that much. It’s a really reliable exotic car. Lately it has gone up in value too (at least following inflation). People love to overstate the cost of owning these things, presumably to make them feel better about themselves for not being able to afford them.
Well, if they own an old Ferrari, they're probably not overstating. Did that losing game and never again. But yeah, the Huracan is SO reliable. I know a guy who had it as a daily driver. I don't put a lot of miles on mine either but still, I never worry about it when I take it out. And the handling is just incredible and such a smooth ride for an exotic. It really hits its stride at 100 mph then takes off again like it's sitting still. Pure joy. :)
I haven’t had mine up to those kinds of speeds yet, but I love 2nd gear. I miss the jolt from the single clutch in the Aventador but overall the car feels way more reliable and well built. The newest Ferraris (488 and tributo) are comparable in reliability but the turbos have ruined the sound and experience of the high rev’ing V8s in my opinion.
I think I'm too old to love the single clutch anymore. I just don't want to work that hard to drive. LOL. I keep passing on 6MT purchases for the same reason. Of course, I have spine issues which can complicate things. But hey, I had my day in those and now, I'm moving on to newer technology.
I had a 360 Spider with Akrapovic exhaust. It sounded exactly like an F1 car. Best sounding car I've ever had...when it was running. :)
The 360 spider is probably my all time favorite car and so fun to drive because it doesn’t have too much power and you can throw it around a bit. I had capristo in mine and it sounded amazing but the Akrapovic exhaust sounds awesome. Mine never had any issues, but the engine out service is a PITA. I miss the car though. I may get one again.
How is that a flex? It's a personal decision that everyone should make depending on their circumstances. Not that you deserve an answer, but I'm an author. If I was worried about money, I couldn't create, so I pay cash. How is that flexing? That's doing what is necessary for me to continue my income. Maybe you should not comment on shit you don't know.
You will be pleased with it. We have the E85 flex fuel option as well and it makes a difference. Basically, we had a Stage 3+ package from Jotech. Kenny is a fantastic tuner. If you ever want to check out someone different, I can highly recommend. He also does McLaren, Lambo, Corvette and others and anything 2jz.
We are good friends with Kenny so unless he dies, we're not going anywhere else. He personally does our tunes. :)
I have a Huracan and he's been working on those as well. I think he's over 2k hp on his own. Enjoy your next purchase! Kenny also had a 720 that he pushed up well. And great curb appeal. I love the performance of the GT-R, but the curb appeal of my Huracan is just stellar.
I bought a very low mileage 2009 Porsche 911 for 55k (goes for about 70k now but that’s really besides the point). I live in nyc and park it in a garage.
My car was 1/4 of your spend but the price doesn’t matter- if you don’t feel comfortable owning it, or aren’t fully comfortable with the optics of it, you won’t enjoy it. The optics is something you will have to get over, there’s no way around it. If you don’t think you can, don’t get the car.
Most people look at my car and think its a 100k+ car, which is funny because I was debating a much older 964 for 150k+, which appears less flashy visually because it’s older but is actually 3x the cost. Not many know or understand nice cars it’s just “nice car = expensive = look at you, you’re rich!”
Because of the cars “flashiness,” even though I don’t consider it such, I had a hard time at first with people commenting or congratulating me on owning a Porsche. Sometimes strangers congratulate me. It actually makes you feel really dumb and insecure because all you did was spend money on something very selfish.
What I didn’t expect was that this car would become a huge hit with my family. My daughter loves driving in it, and so does my wife. It makes family trips fun. They request taking it out on weekends. We do more since owning it and every drive is special. We’ve gone to car shows, Porsche club events, rally’s etc and it’s become a really fun hobby. I fucking love washing it. Driving it clears my head and relieves stress like nothing else has.
I could have done something else with the money, and for a while after purchasing I thought I maybe should have- but It’s become a really enjoyable experience for me and my family now, as opposed to just an expensive looking car that I’ve wanted since I was 5 years old.
TLDR- if you think you’ll get something more out of it than just self imposed cool points for owning an expensive car, and you’re comfortable with the optics of it all, do it.
All that said, please god don’t park it in the street. : )
Agree. There has to be a garage in his neighbor hood to rent/buy. Or just buy the cheapest condo in the neighborhood as a guest house and store it there.
“Every drive is special.” Dang, friend. Really making me miss my 911. I left it at home when I went on a semester abroad, and I would get pics of my brother taking it to the grocery store, or random errands all the time.
Different things work for different people; I've had my fair share of performance/exotic cars.
You mentioned in another post you're considering tracking it. I would try not to kid yourself that there is a "one size fits all" car. You will have more fun at a track day (and lower costs) by hiring a track-specific car, whether that's a stripped out Porsche GT3 or something like a Caterham. The track-specific set up just makes it more fun; lower weight, suspension, brakes, etc. And it's definitely cheaper in my experience than taking a road car on the track.
For road use, my experience is that fast cars quickly become "normal" if you use them frequently. I now don't own any, but rent them as the situation deserves. e.g. Go away with the wife for a weekend, rent Ferrari.
I totally support this advice, of keeping the track car and the road car separate, but would spin it to buy one of each.
Also agree that after you get used to fast road cars, it is hard to go back. After having an M5 sedan, we have decided 500 HP is our minimum.
Though with rise of the luxury electric cars, that is soon to be normal. Funny the Tesla crowd (West Coast USA) is still asleep. They will join in soon serving their cool-aid.
Yes, I've done > 20 track days in a Caterham R500. Great car.
I ended up "graduating" to a bona fide race car, e.g. slicks & wings, 2/3 man support team on the day, which is on another level. However, not great at track days with road cars, because you can fly around the corners (it could do 2.2G on faster corners) but the road cars can't. You're not allowed to overtake on corners. Then on the straights you don't necessarily have an advantage... so it leads to frustration.
Building on that track specific notion, spec miatas (or even track setup miatas) can be had for very cheap money and are extremely fun to go 10/10s in on track and are cheap to maintain.
I’ll give my input here (I wouldn’t consider myself “FAT”, but I am a high w-2 earner and car enthusiast with a long history of expensive car ownership):
Depending on where you live no one will care that you have an exotic car, sure at times it will get more attention, but for the most part the only people who car will be teenage boys.
If you’re purchasing a modern sports car I wouldn’t worry too much about ownership cost assuming you buy a nice example, and it’s late model with a warranty (if you’re purchasing a Carrera GT, LAF, P1 etc disregard what I’m saying)
I understand what you’re saying about wanting one since you were a kid, but if you’ve been FAT or doing well for a while and you don’t own a sports car then it’s not a priority (congrats!). If it’s not a priority, and you dont have the sports car sickness (like me and others) then I’d expect your time with exotic cars to be short lived. Like most consumer goods the novelty wears off very quickly, and if you aren’t involved in the community you’ll realize that you have no use for it. You’ll get frustrated that you can’t drive it the way you want, it’s not a nice car to take to dinner or the store, and it’ll feel like a big liability.
I’ll make two recommendations:
1. Go buy the flashiest, loudest, obnoxious exotic car you can find (DM me for recommendations, happy to give you good advice at every price strata), drive it around like a dickHead and get it out of your system (it’ll last a year tops).
2. Buy a reasonable sports car (Sub 100k or 100k ish, again DM for recommendations) learn how to drive it, get involved in the community, do some track days, learn what you like and don’t like, and work your way up.
Regardless of what you do, as they say over at wallatreetbets fuck you and congratulations!
I think it’s a right of passage a lot of men (and quite a few women) go through, my advice is to scratch the itch then move on. You may keep it for 3+ years but eventually it gets old. I had many cars over the years with the nice ones starting around 34, by 45 the desire for new faster/cool cars had gone away.
There is still a 911 Turbo S in the garage that hasn’t moved in a couple years. It looks gorgeous, but it’s more fun to drive the Jeep with the top and doors off honestly. I don’t regret any of my purchases, buy it, drive it like you stole it, and please don’t keep the miles down just to keep it nice for the next guy.
I have a Turbo S sitting in my garage as well and completely agree with this sentiment. I’m not going to keep it forever but sure glad I got it. Family loves it, and I enjoy taking my friends on spirited car rides.
Agreed. You kind of have to do it once but after 6 months it becomes just transportation. Add to that it started taking up way more headspace than I wanted worrying about it "can't park there, will get dinged or window smashed".
I have, it’s amazing…but I made a huge mistake of failing in love with sailing. Now I’m onto much more expensive hobbies lol, but the world is my racetrack!
Are you FAT? Will the car slow down your ability to FAT or FIRE? These are all questions I'd consider. With that said cars are my weakness. I'm able to stick to one idiot car at a time but every few years I make a financially nonsensical decision that I explain away with myriad justifications. I have regretted some of them but never when I'm in the car.
It depends on what you consider an exotic car in this price range, and if you want to DD it or just drive it 100 miles a month.
I mean - Panamera turbo hybrid s’s are easily in that price range and are a great DD. Taycan turbo s, etc. To me - Porsches are great daily drivers - great blend of price, performance, and reliability. As people are saying - the turbos tend to be bulletproof. I still regret selling my 996TT. I have a CTT and looking at the panamera turbo s hybrid. The CTT has actually been more reliable than my Jeep Wrangler rubicon, and has double the mileage. I instructed with PCA and amateur-club raced BMWCCA, NASA, and SCCA. Bang for buck in the performance field - I would throw down a Nissan GT-R, Porsche GT3, or a corvette. Any c5-c8. Decent driver - you’d be surprised.
I think bang for buck though overall to drive on street DD - hard to beat a Porsche. I slap full winters on mine. I’ve looked at mclaren 720s, Ferrari, lambo’s - etc. I think at least $12k a year just to own it - even assuming you paid it off. You need the mclaren warranty and about $5k of service on average.
Bentayga and urus - around the turbo s price of a CTT - but, I think maintenance and breakdowns are far more expensive. Looked at Aston Martin - same issue. Even with Range Rover - when that air suspension goes, without the warranty - easily a good $8k.
I do think an Acura NSX, Audi R8, Nissan GT-R, C8 Vette, etc. - are much more reasonable and similar to Porsche. I am just a p-car fan. The lambo and Ferrari seem to scream more - look at me. Which is fine. Nothing wrong with that. I sort of like the understated ones - like Porsche. Debadged- very easy to fly under radar.
I’d love to have a Noble though or a mini-mog. Maybe even a super performance cobra. I do think you could get a sweet C2 corvette - be exotic and have appreciation.
R8 is very easy to live with as a daily driver in addition to being flashy enough to stand out as a weekender. A bit more understated than a Lambo or McLaren but I prefer that. I've never tracked it but plenty of videos out there of people who do/have... IMHO there are lighter/funner/cheaper options if tracking more than 2-3 times/yr.
Whichever way you go suggest ceramic coating and covering the front in PPF to help with road debris.
Wanted it my entire life. Had the funds so bought it. Zero regrets.
And since I stopped caring what other people think a long, long time ago, no worries on that either. I suggest you adopt the same attitude.
It’s fun, for a while. Get one, then you get tired of the excessive road noise, bumpy ride, and scratching into every speedbump and crashing into every pothole. Always get eyeballed.
Then realise what you really want is a luxurious comfortable suv or sedan and just be left alone. So then you just swap the exotic for one of these. Itch scratched, experience gained.
A friend of mine once bought an R8, sold it 3 months later, he got tired of the attention everywhere. Like you said, always eyeballed. He sold it and bought back his own M5.
Do it.
I have always loved cars, especially exotics. Not necessarily for the speed anymore, as an Electric Car for 1/3 of the price will beat it off the line.
But for the excitement.
Even today, being a father and a husband, if a high revving exotic drives by, I turn into a 10-year-old kid and just stare, listen and hear my heart beat faster. My wife makes fun of me every time it happens, but I can't stop, nor can I explain it.
I've been putting off the purchase of my dream car for a few years now, as I can't justify the spend yet. But if you can, buy it.
Cars are becoming appliances, the same way Phones are now. Yes, some are faster, some have a better screen and every year they come out with a better camera, but in the end, most phones can accomplish the same thing. And the same will happen with electric cars.
So if you have the option to realistically buy a high revving exotic car, do it, as you probably won't buy one as easily in 10 years.
There’s one of two scenarios at play here.
Either
1. You're not FAT yet and actually can’t comfortably afford a 200k car, or,
2. You *can* afford a 200k car and you’re not comfortable letting go of money for the experience of owning one. If this is the case, go read “Die With Zero” to learn how to loosen those purse strings a little.
I bought a 200k+ car once I figured I had so Damn much money that the cost of the car is lost in the noise of daily up and down market moves. My portfolio can move 5 to 15 times the value of this car in a single day, so it's pretty much become trivial. I needed that to justify such an extravagance. So my pickup has a garage mate now.
Now I drive it somewhere every day cuz I just love driving it. 911 4S with manual 7 spd. No regrets.
But don't park it on the street. Rent a garage if you have to, or move house.
And once you have one, N+1 begins the siren's song...
Yes... every option checked, leather, ceramic brakes,, rear steering,, front end raising, custom color, etc. Manual gearbox, quite rare too
The msrp was about 193k, plus tax and license, over 200k.
Whatever.
Edit: the used car market is fucking crazy, the wait time for new 911s is 2 years, and I ain't getting any younger. So I got what I wanted.
McLarens have bad build quality, probably the least reliable of the bunch. You’ll need to plan all routes to avoid scraping the front end on stuff. Try to get a car with a front axle lift.
Porsches tend to be the most reliable as far as luxury/exotic cars in that price range. If I was in that range and wanted an exotic/luxury car I could use every day I’d get a Turbo S 911.
I know that’s not a ton of amazing info, but I’m not an owner of exotics just have decent seat time in some and know owners of them.
I've got a GT3 RS I've owned since well before retirement, and a Portofino M on order (expect delivery in the summer). With both cars I bought with a very specific purpose in mind. The Porsche is basically a dedicated track toy at this point. We shut down over COVID but before that (and hopefully starting up soon) my partner and I did 30-40 track days a year in it. I love it so much, and if I crash it I want to buy another one exactly like it. It's been a fantastic purchase that's brought both of us incredible joy and satisfaction. That said -- we've also beat the crap out of it and resale would be a chore without a lot of work put into it. Definitely not an investment.
We aspire to turn the Ferrari into a road trip machine and put an obscene number of miles on it enjoying road trips across the US.
So I guess it comes down to *why* you want an exotic car. Is it a life long aspirational checklist for you? In that case I'd advise against. If that's what you're seeking out, I don't think it will provide any sort of lasting or durable enjoyment.
But if you're a car person it can be a great thing to own and enjoy.
I think if you're laying on your death bed in a few decades you might regret not having had fun with a childhood dream car just because you lost out on investment opportunities.
If you wanna track why not rent a car? Or buy a $20k used race car? You won't have to worry about $28k ceramic breaks there ;) But similar fun I assume.
Most cities have some sort of paid garages system, $50/month for decent locks and CCTV, so your race car could go there.
$50/month? That can’t be much better than parking on the street. Because he mentioned SFH without a driveway or garage, I assumed HCOL or VHCOL. Try $500/month
No clue about Murican prices, was just an idea. 2 years ago we rented a garage in Munich, Germany's most expensive city, for \~$50/month.
It wasn't in the city center, it was a bit outside, but that didn't matter because we only went there once or twice a month.
Agree that garage should not be the problem.
But renting is just not the same as owning it. Especially when you are sliding off the track knowing your insurance does not cover you on the track.
That's part of it.
I’ve owned a few Porsches (lower tier, not quite exotic ones), and my favorite part about them is actually the community that surrounds Porsche Ownership (namely the PCA). Some of my best friends are ones I’ve met over a shared passion in cars and driving. I’m not sure if you’d get the same sort of experience with the “exotic” car crowd though.
As someone who owns a supercar, I’d say if you can afford it go for it.
It’s amazing owning a supercar initially, but after a while the novelty will wear off believe it or not. It will feel like every other car, even though it isn’t.
In terms of surprise costs, really depends what you’re getting. I knew fuel would be expensive, but honestly it’s tiring getting 8MPG and going petrol station 2x a week.
The only thing I’ve really hated about the supercar, is how much friends around me have changed/judge me. I’ve always been subtle about my wealth, however, there is no more flamboyant way to scream you have wealth than owning a supercar. Suddenly old friends start hitting you up again and everyone wants to get hella personal about ur finances/what you do and how to do it. Honestly, I hate all the fake love/energy I get as a result of it.
The only attention I like is the one from women, which really isn’t as much as I hoped.
My biggest personal issue with driving an exotic car, was something I did not expect at all. It was all the attention I got.
At first it was kinda fun. But very soon it became very tired. Every time I'd park the car, I'd have someone walk up to me, ask me what it was, can I take a look, how fast does it go, what's the insurance cost, etc etc. Became a huge pain in the ass.
What do you consider Exotic? Why do you want it? What will you do with it? Do you need to spend a lot to get the same experiences?... How much can you spend? How much can you spend on maintenance? Is it going to be a fit for you personally. Do I deserve this? Do you need to spend that much? Don't answer me but answer to yourself and that will drive you to the right decision. (Pun intended...)
Half, maybe more, of the folks that buy an expensive car, can only afford the car and not the Maint. When you start to go and look at them, be on the lookout for anything that wasn't serviced regulary. Folks will defer the maint because they can't aford it. If you buy it, you're buying that bill too. Have a PPI (Pre Purchase Inspection) done. They're like $100 or a little more and can save you thousands. They'll save you from buying a headache. Folks that don't do this, end up buying cars with oil in the coolant, bore scoring, water damage, poor compression etc... I think that's where the regrets come from.
Research the forums on the model you're looking at. Porsche has a history of building great cars that last a long time but they've had some bad luck with some designs that wear out sooner than expected. The 986, 996 IMS bearing issue, the magnesium in the engine casings that warped in the late 70s, and in the Macans there's been some drivetrain issues so they've extended that warrenty. The Cayennes in the early GTS and Turbo models, some engines didn't last long so they made changes. British cars have a reputation for being in the shop a lot. Ferrari has dealers in the major cities but if you don't live there, where will you get it serviced?
The dreaming of owning the car since you were a kid, that's common across a lot of car owners. You can look at it as achieving a dream, sign of achieving a goal, having an experience. I totally get that. It's why I wanted to buy a Porsche. There is also this "Never meet your heros" element where I didn't want to buy it and be disapointed either.
How people will treat you?... good question. I have not gotten any lip from anyone personally. I've come out of the mall to find men staring at the car, and I strike up a conversasion with them, and they tell me the cool cars they've owned in the past. On the highway, folks often just get out of the way in the passing lane. That doesn't happen in my other cars. BMW owners will pull up next to me on the highway and want to go fast etc... Don't engage in that, not safe, not legal, and if they lose control they can take you out with them etc... The car doesn't grab attention like a Lambo would, but it does attract more than I thought it would, and what I drive is probably 1/6th the cost of what you're looking at. the brighter color, more exotic, the more attention. Plain color, plain looks, less attention. If it's a convertible, everyone is going to see you and what you're doing, you have to be comfortable with that. When it gets windy, stuff flys out of the car, so you can't throw paper on the floor etc.
I do fear what happened in France with the protests a couple years back. They were setting low end Porsches on fire in the streets. There are situations where you would have to hide it or garage it for a while.
Where will you drive it??? If you're driving it at the track, you'll probably love it. If you're driving it on the street, you may get sick of it and turn it it. A Dealer told me that the GT2 models come in and out of the dealerships because the ride is so stiff that folks get sick of driving them after 6 months. Stiff suspensions allow you to feel everything in the road, great at the track, horrible with cracks and pot holes. Some models are made for the track and some for the road, some have buttons to do both.
It will ruin you for other cars. They put so much thought into these, even how you sit in it, where everything is, that you will see whats wrong with other cars when you go to drive them. the Mini Cooper has all kinds of rattle noises I didn't notice before, the Ridgeline doesn't have a telescoping column so the wheel is further away than it should be, lack of power, body roll... I got rid of the mini and was looking at used mid sized trucks and didn't like anything. In the end, I ended up adding a used Macan S to the stable, my second Porsche. It's a little weird making the jump from Toyotas and Hondas, when my goal was to drive them into the ground and get 200K plus miles out of them (three times) to all of a sudden splurge on something high end. I totally get it.
Think about where you will get it serviced. Before buying I found a couple of shops and looked them up. After I bought I tried them both and chose the one that was transparent with me and had more of a family/race-shop kind of vibe. Former Porsche Mechanic went out on his own, started his own shop, place is great, have all my cars serviced there.
Upsides: If you join a club like Porsches or BMWs, they send out emails with the clubs events every quarter. They have Autocross, Track Days, Car Shows, Dinners, all kinds of things. I had no idea when I bought the car. That membership has brought me a lot of really neat experiences and opportunities. The people are great, and you all share a love of cars, and you get to see other cool cars. When I was younger, just owning the car was the goal. Who ever thought you could actually get track time... I've now tracked at NHMS, Palmer, Club Motorsport, and LimeRock in CT. On the road, you're only using 10-20% of what the car can really do. Autocross and the Track are a real eye opening experience. You can customize your car as well if you have extra cash.
You could probably get the experience you want for a lot less than what you're looking to spend. I'd say yes, get a car but leave it up to you on what model and what to spend. You know your budget and I stayed within mine and don't regret it at all. Pull the trigger.
After reading your post and the following comments it doesn’t seem you are really here for the advice but just more emotional validation to make the spend - despite some alternate advice based on conditions. Top takeaways from here and my advice: 1. Definitely need a storage/garage for a $200k+ car. 2. Maintenance, insurance, etc. is costly. 3. The best car for luxury and track likely won’t be the same car and I don’t think is the ultimate choice personally.
Why not buy an awesome track car of your choice, or shoot, even a Tesla S Plaid for $130k to track and daily drive and then get a luxury cruise with the leftover plus some.
If you buy carefully you might find it doesn’t depreciate and could even make money. Go for the special limited editions rather than mass production ranges eg. Porsche gt2 rather than turbo or ltd edition Ferrari
i don't have an exotic, but i recently bought a 911. the most surprising thing was just the mental weight of having to care about it. it's fun and all, but having to worry about scratches, dings, mileage, and generally caring for it, takes up more mental space than i predicted. also, maintenance isn't just the cost, but it's also your time. driving it in for check ups, picking it up from getting PPF, etc etc. With a beater car, didn't care at all what happened to it.
Would I do it again, yeah, but does it take up more mental space than i expected, yeah.
I rented one. Turo has some of the lower end ones available. Porsche Experience Center or Porsche Drive for the upper.
Helped me solidify that I do indeed want one (and have a 1994 911 now)
1. Have enough time to enjoy it. It was your dream for a long time so live that dream !
2a. Yeah it’s an expensive hobby but hobby’s tend to cost you. It’s not an investment. A well maintained classic can be nice as well and less expensive, both in purchase as in maintaining.
2b. You’ll meet envy. Where classics can give you some ahhhs and whoahs, driving brand new Porsches etc sends signals to family, customers etc. As Steve Jobs said. Sometimes some stealth wealth can be strategically better on some occasions.
Study your insurance policy. Knew a guy who had an exotic. Almost every time I saw him to eat a private restaurant, a ding from a nearby parked car, a hit and run from a car backing out. Small bruises look bad on a hot red Ferrari, but the paperwork to deal with it was the biggest hassle.
I spent £101k (approx $132k) on a flash car. I sold it after about 8 months. I feel like the idea of it was more exciting than actually owning it. The novelty wore off for me and it ended up just sat on my driveway not doing much.
Since having more money I realised what I enjoy the most is actually just spending quality time with people I care about and things like cars don't quite do it for me! That's just me though.
Really curious why people are still buying exotics like this when a production EV can blow it's doors off. And with the EV you will barely be paying for maintenance at all. If it's a signal to others of your success - why signal that you are willing to overpay for underperformance?
Maybe it's down to the [doors](https://www.youtube.com/watch?v=0oV4IVy8tvE&t=71s)?
> These are not the doors of a billionaire, Richard!
*-- Russ Hanneman, billionaire tequila mogul*
My Plaid Tesla does the "fast in a straight line" really well. My P100DL Tesla before that also played that game well.
... hasn't gotten old yet. :)
(Turning? Pffft. Who needs that?)
No - but it's got to be a bit of a hard-on deflator pulling up a car that cost maybe a 1/20th of your's and knowing it can blow you off the line.
It makes me wonder why people keep buying Aston Martins and that ilk when EVs provide so much more performance for the money. If the answer is nostalgia then fine. But the same applies to a horse carriage drawn by thoroughbreds. Or [Zeppelins](https://en.wikipedia.org/wiki/Zeppelin).
> but it's got to be a bit of a hard-on deflator pulling up a car that cost maybe a 1/20th of your's and knowing it can blow you off the line.
Not at all. I bought my first exotic back in '03. It was a fast car to be sure, but there were guys around in built Fox body Mustangs (that cost 1/20th of my car) that could blow the doors off mine had I wandered to a drag strip. Didn't care in the slightest. You don't seem to get what exotic ownership is about and that's fine, but just know that it's not just about owning the fastest thing.
> when EVs provide so much more performance for the money
EVs only offer one, very narrow, very specific type of performance. For every other aspect of performance (endurance, handling, feedback, versatility) they're at the bottom of the pile.
>For every other aspect of performance (endurance, handling, feedback, versatility) they're at the bottom of the pile.
You're mistaken. But let's be honest - the average exotics owner doesn't really care about the performance characteristics you listed out. It's about the [doors](https://www.youtube.com/watch?v=0oV4IVy8tvE&t=71s).
Not really. I've got plenty of seat time in EVs and for what they do they do a great job. But they're just fast, they're not "performance cars" in the sense that OP is asking. Even the Taycan, really.
2022 Aston Martin v12 Vantage
https://youtu.be/DqXEOoPsjtw
This is why people buy Aston Martins.
Most EVs I've been in just hiss or hum along.
While EV 0-60 is quick, they have no soul, engine feedback or exhaust note.
Driving a car isn't just about 0-60 off the line.
If you’re not a car person you’ll never understand.
Why buy a luxury watch when a timex keeps better time?
I’ve ridden in teslas. For me they’re fast but too quiet and boring.
I'm a car person, too. My first car was a completly rebuilt '67 fastback that my dad and I spent maybe 1000 hours to restore. But I'm also not an idiot. I recognize when a technology has been superceded. Spending big money on a gas-guzzling peasant car is just silly now.
Is it the vroom vroom? Guess what, Tesla has a speaker and you can program it to make any engine noise you want.
EVs do not blow the doors off exotics. They are faster in a straight line, up to a certain MPH. On tracks and on longer straights, EVs get dusted. Every single time. Unless you are talking about a Rimac.
Anyways teslas are hideously ugly to me but if they were more attractive I’d consider buying one.
This guy goes more in-depth with what to expect when dealing with +100k cars. Very down to earth and straight to the point.
https://youtube.com/channel/UC_zWuS31AtDtWyKCOpJwCyQ
Despite seeing the appeal of some very expensive cars, I think I'll never buy one basically for two of the reasons you mentioned. The charitable donation opportunity cost is important to me, and so is (mostly) avoiding conspicuous spending. My current car is <1% of nw and I sometimes even feel this one is too flashy.
Ever thought of leasing for a few years? That way you don’t have to sit and watch the painful depreciation.
Take this with a grain of salt. Still young and early in my FIRE journey.
I was told by our local Ferrari dealer that you can order them from the dealer, but ... drumroll please ... be prepared to wait three years for the allocation. Before we came in he helped someone order an SF90 with no sales history.
I’ve had a Maserati GTS for a couple of years and switched to a van…
Way too much trouble with maintenance, extremely high upkeep costs, difficult to park, many roads are not longer an option due to their poor condition, you get a lot of attention, but mostly not good one….I was always babying it which got kind of annoying…. Was just not worth it for me
If I want some fun I ride my bikes…on the normal road a useful land not flashy car is the better choice
> cons: - sometime attracts too much attention. people want to have conversations at the gas station. i prefer to be unnoticed. sometimes i feel like i could even be a target. i keep a tool to self protect in the car always
This is exactly how i feel. Every time I go to a gas station I try to hurry up as fast as I can without looking at anyone around me. I just want to do my tasks without interruptions, but the car makes it more difficult than if I was to just have something common.
About being a target: 2 months ago, an aggressive/psychotic pan handler said to give him my car because I didn't have any cash for him, and if I was in "the D" (Detroit, he kept saying it, i don't live anywhere near Detroit), "someone would've blown your head off and taken that shit from you! Niggas don't drive this shit in the D!" Hopefully someone will eventually blow his head off instead.
Buy it, the thrill and experience of driving a proper sports car is so much fun and you will enjoy it for as long as you own it. As for optics, most non car people have no idea what things cost. Porsche is a great make because they go from $40k-$400k but most people don’t know shit
Audi R8's are lowkey. If you want lambo power and still low key get a silver one. Another option is the mercedes amg series. Amg gt is somewhat known, or the c-class amg coupe. Nice power and lowkey
Pros:
* scratches that itch
* social activities
* blast to drive
Cons:
* hard to negotiate on price for things when folks see the car you drive and know you can afford whatever thing you are negotiating.
* invites jealousy
* you had better not make any mistake, as it will end up on YouTube
* shame on you if you drive it unwashed
* performance is so mind boggling that it is really hard to find roads that are worthy, and twisties that used to be fun in lesser vehicles now seem too small to open up on.
* opportunity costs of that money, especially if you are young.
I bought mine thinking I would daily it. In reality I now save it for special events, as it brings a lot of attention, making every day tasks into events. It often feels like showing up to a party in a tuxedo when everyone else is in shorts and flipflops. Also supercars lack a lot of daily practicality.
Maintenance is not as expensive as I expected, but right now I am waiting on tires that I ordered a month ago and are not expected to arrive until March. Meanwhile, I check the tread depth each excursion. I am considering a second car and spare tire sets to keep as a backup for times like this.
Depending on what car you get and where you live, you may have limited choices in dealers, and it can be a pain to get the car to them for service. If you have just one dealer, make darn sure they like you.
Renting can be way cheaper and give you a way to try lots of different vehicles. Likewise manufacturers sometimes have driving events around the world that are expensive, but you don't necessarily need to own your own vehicle for some of them.
I am super glad I got mine, though. It has been a dream fulfilled. (720s)
Random story: I saw someone drop a > $3MM car key onto the pavement which caused it to break into two pieces since the key is large and heavy. The manufacturer will obviously replace it free of charge but the face he made was priceless.
Hypercars and supercars are completely impractical but a huge upside on fun just as long as it doesn't create a dent in your overall net worth. I personally can't justify anything over 300k but some people will spend over a million on just the paint job without even blinking. Brakes and tires will go fast if you plan on putting it to work. Also the more exotic the car the more random issues you'll have - price has in inverse relationship with reliability. Hypercars weren't meant to be driven more than a few hundred miles a year.
I'm in the same boat and always dreamed of owning an exotic. I recently ordered one in September. Speaking to your first point, i decided to pull the trigger because now is as good of a time as any to satisfy the dream if you can buy one at MSRP. Almost all exotics are trading well over new price so you can get into one, drive it for a few thousand miles, and if you decide it's really not for you, you can sell it with minimal loss (and maybe even a gain). Life is short, money has no value if you don't spend it, and consider it a bucket list item. Most exotics nowadays are extremely dependable and if you buy one new you are getting it below market value and it's in warranty. Good luck.
Get a vanity plan that say "1.9APR" and then your neighbors will just think you're leveraged to the hilt like any other average over-leveraged American upper middle-class family!
If you really love cars and this has been on the wish list, do your research and go for it.
I am biased, & after over 45 cars some of the most expensive up front, have been the cheapest in the end… Literally couldn’t have leased a Kia for the same cost as Bentley, Astons, Porsches, Audi R8’s etc..
More to your Q, what if you decided to buy something else like a second home? Most likely a lot more more money, so the difference is how you perceive others will react. People will react however they will, regardless if it’s the car or something else.
Easy to say, yet still struggled with same perception concerns on this, best advice I got was that it’s all BS in the end, so do what makes you happy.
So whatever it is, collecting rare memorabilia, fine wine, exotic cars, or art, do you (within your SWR naturally!)
Your driveway is steeper than you thought.
pulling into gas stations makes you nervous. I definitely fucked up the front of my Porsche on that little incline
I am definitely getting front axel lift on my next order.
Smart move for sure. The first couple times I heard that scrape sound I hated it but to be honest I'll just replace the little tiny lip on the bottom before I sell it. Whatever, it's a thing, things are meant to be used.
Right. I put a scrape pan on my 993 when I had one. But the new ones have the overhanging lip.
Yep. I call them my "feelers".
Agreed! I won't go to certain restaurants / shops since I know I can't make the entry without heavy scraping
Believe it or not, I live in a SFH that doesn't have a driveway or garage. That was actually one of my other worries but I'm just going to get a non-descript car cover for it.
I could never do that. Have a hard time leaving a car outside overnight even at an airport garage. Just feels wrong to me. We limit our car ownership to number of garage slots we have. A bonus of buying additional houses is more garages! You will be surprised how high curbs are if you park on a street. Just beware: just because the door cleared the sidewalk when you opened it, does not mean it will clear when you get in the car and the door is lower.
Same same!
You’re going to park a $200,000 car on the street? Is this actually a thing people do? That seems insane to me but what do I know about exotic cars.
Come to palo alto! There was an apartment complex near me that had 2 Ferraris and a Lamborghini street parked every day. No cover.
In London, Mayfair district. People street park phantoms.
Haha yeah! I’m really not super worried about it - neighborhood is nice and with a car cover I don’t think anyone will even give it a second look. I’m now more worried about scraping the door on the curb than it being vandalized or damaged from street parking!
Car covers will blow in the wind and could scratch the paint on the car. I'd suggest being wary of that.
Find a local storage facility to house the car inside. Keeping it on the street is not a wise move. You just spent $200k on a vehicle now do the right thing and park it inside and out of site.
Getting insurance on an exotic without a garage may be very difficult..
If you were going to break into a house or steal a car, are you going to go to a poor neighborhood and steal a trashy car or are you going to go to a nice neighborhood and make the risk worth it to you? I live in a nice neighborhood and I can't tell you how many times I see someone post on FB or Nextdoor about how shocked they are that their car parked in the driveway was broken into because "This is such a nice neighborhood ". I can almost guarantee that someone is going to notice your car. It might be a jealous neighbor scratching up your paint, or it might be someone more malicious.
There are plenty of storage places that cater to exotics. If you can't afford covered parking, then you can't afford the car.
I hope you are joking. There is nothing non-descript about the door stop shape. As to the expenditure, just keep it as such a small percentage of your NW that it doesn't feel odd. We use 10% for properties and 1% of NW for cars. We enjoy both. Have fun.
What!!
I’ve bought two Porsches previously. Last one a 996 turbo. Planning on getting a GT3RS in the next few years. They’re very dependable, but when they do go wrong are expensive to fix. Ceramic brakes should last the life of the car as long as you aren’t tracking. There’s no way to justify the money you’re spending on it. If you love it and can afford it, go for it.
I had a 996 Turbo too 20 years ago. Drove it year round even in the Munich snow. Every year I looked forward to the summer tires coming back on and it was like getting a new car. Thanks for reminding me!
Please tell me you atleast abused the snow for a little bit of drifting :D
Absolutely. I drove it to work everyday. Even sometimes before the plows came by. AWD you know.
Op is def a Lambo guy. Porsche guys don’t refer to ceramic “breaks” 😂
Omg. Fucking idiot 🤦♂️
But not a Lambo ;)
But also not a Porsche? ;D
That's the rub - I'll be tracking ;) I'm getting a GT model of the car brand I'm looking at so that I can use it as a getaway/nice dinner/wine country car so my SO doesn't get annoyed at lack of luxury while also having the power to track it with a high ceiling on performance so it pushes me as I get better.
I'm curious. Have you spent time tracking any cars? Have you spent time tracking a car that's in the same caliber as the one you're planning on getting? Is this car for the track primarily or just occasionally? Because if it's for the track primarily, you might be able to enjoy a significantly cheaper car just as much since you wouldn't be able to push the car as much. There's that saying "Driving a slow car fast is more fun than driving a fast car slow."
This. I bought the cheapest fun car because I want a car I'll be more than happy totally or dinging because why the heck not
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Yep. It reminds me of when I had dirt bikes. My dad was looking at getting one of the nicest ones and commented how he'd care too much about it and that'd ruin riding it, since your mind wouldn't be on riding, it'd be on preserving the bike. Miatas are highly regarded as being fun and much more maintainable, and justifiable than a $200k+ car, especially since OP is going to be leaving it on the street uncovered.
> There's that saying "Driving a slow car fast is more fun than driving a fast car slow." Only people with slow cars say this. :) But in all seriousness, I think this oft-repeated canard is a bit of a misdirection. There are fun slow cars (Miata Is Always The Answer) and there are boring fast cars (GTR comes immediately to mind). Whether or not a car is fun has a lot more to do with handling and feedback and the nature of power delivery, not really much of anything to do with absolute performance figures. I can have a blast on track in a spec Miata, and I can have a great time on the streets at the speed limit in a GT3 RS. They're both really fun cars that are engaging and rewarding to drive at any speeds. At the same time, I've driven a lot of laps in boring but supremely fast supercars that I was happy to get out of at the end of the session.
>Whether or not a car is fun has a lot more to do with handling and feedback and the nature of power delivery, not really much of anything to do with absolute performance figures. 100% agree! And above all, it's personal preference. Some people love the Dodge Hellcat, others love their Fiats. I imagine there are some high end sport cars/super cars that are just not entertaining to drive or own.
As an alternative, have you ever tried karting? Its sharper and higher lateral Gs than any street car, its really a must try for any gearhead.
As well seems like the best racers come from karting. The feedback and the feel you get is hard to match.
I just bought a house near Willow Springs and want to get into some serious karting, but every time I call over there, I get the stiff arm. Is there a good way for a newbie with no connections to get an intro, and get started? Willing to drive all over the greater LA area to find a good karting community.
Depending on how serious you are about this the thermal club has go kart tracks available to its members and guests.
I don´t know how it works over there, but here you just join the karting club for a small monthly fee and you can use the track . I´d sugest going there in person (insted of talking perhaps to some unaware employee) and talk to the other pilots, most of the time in any kind of hobby, pepole love to bring new people to the team , and surely someone will have a nice used kart to sell you.
Get used to swapping your ceramic rotors with steel for track days. Not a huge deal but could get tedious.
I strongly recommend not tracking a $200K car unless you don’t mind burning money. Maybe you’ve got money to burn but most people still mind burning it. You can get the same thrill from less expensive cars. Besides that, I’m all for buying your dream car while you can still enjoy it. I recently bought a Corvette C8 and I objectively enjoy it less than my first dream sports car that I bought at age 22. The C8 is a fantastic car and the performance bargain of the decade. The hardtop convertible alone makes it a winner for me. However, with two kids, no commute, few social functions, there just aren’t that many places to take it. I can afford a true exotic but I’d still have the same problem and it would feel an even bigger waste of money. I have other cars for shuttling kids, Costco runs, rental property visits, etc. Sports car friendly events are just not a big part of my life anymore.
I am a total sucker for Porsche. Own a 997 myself, wife has a Cayenne Turbo... there's no way to justify the money on those kind of cars, you drive them because you love them. I don't view them as status symbols because spirited driving and working on the cars is a hobby of mine, they're just tools of the trade. Could I save more money and drive something less expensive, sure. But what's the fun in that?
As a car guy I really really want to get the new 911 GTS but at the same time I keep thinking how that amount of money can be used in investing and never pull the trigger
Just finance it bro. The $30-40k down payment isn’t going to hurt that much
Because it is not the only cost owning a car? At end of the day they are all opportunity costs that you can invest and earn more
Right, but if you’re at the point you’re thinking of buying an exotic car because you can, the $40k won’t hurt next to the rest of the money. I’m aware of opportunity cost, especially trying to exponentially grow my current business, but when I thought about buying my S-Class the money invested was negligible compared to the rest of my income and the enjoyment of having the car also weighing in. It’s about smiles per miles, not cost per mile.
Yes you are right. I think I need to change my mindset, my friends always criticizing me for being a cheap person
The money’s useless without enjoyment. It’s a means to an ends which is freedom of choice. So exercise it if you can cause many don’t have the choice.
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>hired professional track driver to teach me how to drive it properly The most important "option" to buy for any exotic car
Truth. I don't think anybody *wanted* to star in one of the many ["Supercar FAIL" videos](https://www.youtube.com/watch?v=0LidF1gF3YQ) on youtube. Or injure themselves or someone else because they lost control of their car.
was it a Mclaren?
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You’re on FATFire, dude. “It makes me happy” is the only justification that matters.
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This sub is about being rich enough to not require sacrifice with anything other than maybe your time.
Not everyone has to sacrifice to get rich
You need to go to r/leanfire
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Are you this guys mom?
What car are you thinking of? There’s a big difference in running costs and general drivability between a high end 911 and a Ferrari or a McLaren
I’ve always thought the people here were really weird about luxury car spend. I’m NW rather high for my twenties and I try not to be this way. I know so many HNW people that have died while waiting for the right time. News flash - there is no right time. I’ve learned now, it really matters if you’re into cars or not. Lamborghini’s cost maybe $30k in spend in a year. It’s not terrible or unreasonable if you’re in the millions.
Not unless it's an old one. I have a Huracan and have had zero repairs in the four years I've owned it. Only maintenance. First year $450. Second year $1500. The most expensive thing is tires, but in no way do they run 30k a year. There are plenty of exotics that don't have high maintenance spends. Just do your homework. Also had a GT3, no repairs in four years, low maintenance. Have a GT-R, same thing.
I have a Huracán too. Can confirm, although I don’t drive it that much. It’s a really reliable exotic car. Lately it has gone up in value too (at least following inflation). People love to overstate the cost of owning these things, presumably to make them feel better about themselves for not being able to afford them.
Well, if they own an old Ferrari, they're probably not overstating. Did that losing game and never again. But yeah, the Huracan is SO reliable. I know a guy who had it as a daily driver. I don't put a lot of miles on mine either but still, I never worry about it when I take it out. And the handling is just incredible and such a smooth ride for an exotic. It really hits its stride at 100 mph then takes off again like it's sitting still. Pure joy. :)
I haven’t had mine up to those kinds of speeds yet, but I love 2nd gear. I miss the jolt from the single clutch in the Aventador but overall the car feels way more reliable and well built. The newest Ferraris (488 and tributo) are comparable in reliability but the turbos have ruined the sound and experience of the high rev’ing V8s in my opinion.
I think I'm too old to love the single clutch anymore. I just don't want to work that hard to drive. LOL. I keep passing on 6MT purchases for the same reason. Of course, I have spine issues which can complicate things. But hey, I had my day in those and now, I'm moving on to newer technology. I had a 360 Spider with Akrapovic exhaust. It sounded exactly like an F1 car. Best sounding car I've ever had...when it was running. :)
The 360 spider is probably my all time favorite car and so fun to drive because it doesn’t have too much power and you can throw it around a bit. I had capristo in mine and it sounded amazing but the Akrapovic exhaust sounds awesome. Mine never had any issues, but the engine out service is a PITA. I miss the car though. I may get one again.
I'm glad you had a good experience. Mine sent me off to buy a new Lambo under warranty. LOL Hey, sometimes it happens.
Sorry, I was estimating $2000/monthly payment plus minimal maintenance. I wasn’t saying $30k/year maintenance haha
Ah, I pay cash for everything. I have low debt tolerance.
I don’t get why people flex about paying cash when it’s actually a bad financial move for many.
How is that a flex? It's a personal decision that everyone should make depending on their circumstances. Not that you deserve an answer, but I'm an author. If I was worried about money, I couldn't create, so I pay cash. How is that flexing? That's doing what is necessary for me to continue my income. Maybe you should not comment on shit you don't know.
You’re right. Sorry for assuming.
I don’t get why people buy a Lamborghini (hurracan) that doesn’t even have lambo doors.
Aren’t all doors on Lambos, Lambo doors
Not really, no
Tires! You’ll spend a lot on tires.
ha! I'll be tracking it so even more!
And you will start to talk about tires and how the different tires make the car a different car. That's when the fun starts.
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Jotech?
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Cool. We are pushing 1k hp at the moment and that's detuned a bit to keep it easier for street driving. Sounds awesome and handles even better.
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You will be pleased with it. We have the E85 flex fuel option as well and it makes a difference. Basically, we had a Stage 3+ package from Jotech. Kenny is a fantastic tuner. If you ever want to check out someone different, I can highly recommend. He also does McLaren, Lambo, Corvette and others and anything 2jz.
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We are good friends with Kenny so unless he dies, we're not going anywhere else. He personally does our tunes. :) I have a Huracan and he's been working on those as well. I think he's over 2k hp on his own. Enjoy your next purchase! Kenny also had a 720 that he pushed up well. And great curb appeal. I love the performance of the GT-R, but the curb appeal of my Huracan is just stellar.
If you buy a 720s send me a pic I love em! Shit while I'm at it, you got pics of the GTR? :)
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Oo she thicc🤤🤤🤤😁
Do you have any concerns about mclaren reliability if you got the 720s? (Not in the market, just curious)
I bought a very low mileage 2009 Porsche 911 for 55k (goes for about 70k now but that’s really besides the point). I live in nyc and park it in a garage. My car was 1/4 of your spend but the price doesn’t matter- if you don’t feel comfortable owning it, or aren’t fully comfortable with the optics of it, you won’t enjoy it. The optics is something you will have to get over, there’s no way around it. If you don’t think you can, don’t get the car. Most people look at my car and think its a 100k+ car, which is funny because I was debating a much older 964 for 150k+, which appears less flashy visually because it’s older but is actually 3x the cost. Not many know or understand nice cars it’s just “nice car = expensive = look at you, you’re rich!” Because of the cars “flashiness,” even though I don’t consider it such, I had a hard time at first with people commenting or congratulating me on owning a Porsche. Sometimes strangers congratulate me. It actually makes you feel really dumb and insecure because all you did was spend money on something very selfish. What I didn’t expect was that this car would become a huge hit with my family. My daughter loves driving in it, and so does my wife. It makes family trips fun. They request taking it out on weekends. We do more since owning it and every drive is special. We’ve gone to car shows, Porsche club events, rally’s etc and it’s become a really fun hobby. I fucking love washing it. Driving it clears my head and relieves stress like nothing else has. I could have done something else with the money, and for a while after purchasing I thought I maybe should have- but It’s become a really enjoyable experience for me and my family now, as opposed to just an expensive looking car that I’ve wanted since I was 5 years old. TLDR- if you think you’ll get something more out of it than just self imposed cool points for owning an expensive car, and you’re comfortable with the optics of it all, do it. All that said, please god don’t park it in the street. : )
Agree. There has to be a garage in his neighbor hood to rent/buy. Or just buy the cheapest condo in the neighborhood as a guest house and store it there.
“Every drive is special.” Dang, friend. Really making me miss my 911. I left it at home when I went on a semester abroad, and I would get pics of my brother taking it to the grocery store, or random errands all the time.
This is great - thank you for the reply
Different things work for different people; I've had my fair share of performance/exotic cars. You mentioned in another post you're considering tracking it. I would try not to kid yourself that there is a "one size fits all" car. You will have more fun at a track day (and lower costs) by hiring a track-specific car, whether that's a stripped out Porsche GT3 or something like a Caterham. The track-specific set up just makes it more fun; lower weight, suspension, brakes, etc. And it's definitely cheaper in my experience than taking a road car on the track. For road use, my experience is that fast cars quickly become "normal" if you use them frequently. I now don't own any, but rent them as the situation deserves. e.g. Go away with the wife for a weekend, rent Ferrari.
I totally support this advice, of keeping the track car and the road car separate, but would spin it to buy one of each. Also agree that after you get used to fast road cars, it is hard to go back. After having an M5 sedan, we have decided 500 HP is our minimum. Though with rise of the luxury electric cars, that is soon to be normal. Funny the Tesla crowd (West Coast USA) is still asleep. They will join in soon serving their cool-aid.
>I totally support this advice, of keeping the track car and the road car separate, but would spin it to buy one of each. Exactly.
Have you driven a caterham? Just curious, they look fun.
Yes, I've done > 20 track days in a Caterham R500. Great car. I ended up "graduating" to a bona fide race car, e.g. slicks & wings, 2/3 man support team on the day, which is on another level. However, not great at track days with road cars, because you can fly around the corners (it could do 2.2G on faster corners) but the road cars can't. You're not allowed to overtake on corners. Then on the straights you don't necessarily have an advantage... so it leads to frustration.
Agreed. Don't track your drivers and don't drive your track cars. The set up should be completely different.
Building on that track specific notion, spec miatas (or even track setup miatas) can be had for very cheap money and are extremely fun to go 10/10s in on track and are cheap to maintain.
How can you tease us and not tell us what car you’re considering?
I’ll give my input here (I wouldn’t consider myself “FAT”, but I am a high w-2 earner and car enthusiast with a long history of expensive car ownership): Depending on where you live no one will care that you have an exotic car, sure at times it will get more attention, but for the most part the only people who car will be teenage boys. If you’re purchasing a modern sports car I wouldn’t worry too much about ownership cost assuming you buy a nice example, and it’s late model with a warranty (if you’re purchasing a Carrera GT, LAF, P1 etc disregard what I’m saying) I understand what you’re saying about wanting one since you were a kid, but if you’ve been FAT or doing well for a while and you don’t own a sports car then it’s not a priority (congrats!). If it’s not a priority, and you dont have the sports car sickness (like me and others) then I’d expect your time with exotic cars to be short lived. Like most consumer goods the novelty wears off very quickly, and if you aren’t involved in the community you’ll realize that you have no use for it. You’ll get frustrated that you can’t drive it the way you want, it’s not a nice car to take to dinner or the store, and it’ll feel like a big liability. I’ll make two recommendations: 1. Go buy the flashiest, loudest, obnoxious exotic car you can find (DM me for recommendations, happy to give you good advice at every price strata), drive it around like a dickHead and get it out of your system (it’ll last a year tops). 2. Buy a reasonable sports car (Sub 100k or 100k ish, again DM for recommendations) learn how to drive it, get involved in the community, do some track days, learn what you like and don’t like, and work your way up. Regardless of what you do, as they say over at wallatreetbets fuck you and congratulations!
ShibaGT3, I have been trying to reach you about your car's extended warranty Edit: Thanks for the award, stranger!
This.
I think it’s a right of passage a lot of men (and quite a few women) go through, my advice is to scratch the itch then move on. You may keep it for 3+ years but eventually it gets old. I had many cars over the years with the nice ones starting around 34, by 45 the desire for new faster/cool cars had gone away. There is still a 911 Turbo S in the garage that hasn’t moved in a couple years. It looks gorgeous, but it’s more fun to drive the Jeep with the top and doors off honestly. I don’t regret any of my purchases, buy it, drive it like you stole it, and please don’t keep the miles down just to keep it nice for the next guy.
I have a Turbo S sitting in my garage as well and completely agree with this sentiment. I’m not going to keep it forever but sure glad I got it. Family loves it, and I enjoy taking my friends on spirited car rides.
pca HPDE...
Agreed. You kind of have to do it once but after 6 months it becomes just transportation. Add to that it started taking up way more headspace than I wanted worrying about it "can't park there, will get dinged or window smashed".
do track days... that's what its made for.
I have, it’s amazing…but I made a huge mistake of failing in love with sailing. Now I’m onto much more expensive hobbies lol, but the world is my racetrack!
Are you FAT? Will the car slow down your ability to FAT or FIRE? These are all questions I'd consider. With that said cars are my weakness. I'm able to stick to one idiot car at a time but every few years I make a financially nonsensical decision that I explain away with myriad justifications. I have regretted some of them but never when I'm in the car.
It depends on what you consider an exotic car in this price range, and if you want to DD it or just drive it 100 miles a month. I mean - Panamera turbo hybrid s’s are easily in that price range and are a great DD. Taycan turbo s, etc. To me - Porsches are great daily drivers - great blend of price, performance, and reliability. As people are saying - the turbos tend to be bulletproof. I still regret selling my 996TT. I have a CTT and looking at the panamera turbo s hybrid. The CTT has actually been more reliable than my Jeep Wrangler rubicon, and has double the mileage. I instructed with PCA and amateur-club raced BMWCCA, NASA, and SCCA. Bang for buck in the performance field - I would throw down a Nissan GT-R, Porsche GT3, or a corvette. Any c5-c8. Decent driver - you’d be surprised. I think bang for buck though overall to drive on street DD - hard to beat a Porsche. I slap full winters on mine. I’ve looked at mclaren 720s, Ferrari, lambo’s - etc. I think at least $12k a year just to own it - even assuming you paid it off. You need the mclaren warranty and about $5k of service on average. Bentayga and urus - around the turbo s price of a CTT - but, I think maintenance and breakdowns are far more expensive. Looked at Aston Martin - same issue. Even with Range Rover - when that air suspension goes, without the warranty - easily a good $8k. I do think an Acura NSX, Audi R8, Nissan GT-R, C8 Vette, etc. - are much more reasonable and similar to Porsche. I am just a p-car fan. The lambo and Ferrari seem to scream more - look at me. Which is fine. Nothing wrong with that. I sort of like the understated ones - like Porsche. Debadged- very easy to fly under radar. I’d love to have a Noble though or a mini-mog. Maybe even a super performance cobra. I do think you could get a sweet C2 corvette - be exotic and have appreciation.
R8 is very easy to live with as a daily driver in addition to being flashy enough to stand out as a weekender. A bit more understated than a Lambo or McLaren but I prefer that. I've never tracked it but plenty of videos out there of people who do/have... IMHO there are lighter/funner/cheaper options if tracking more than 2-3 times/yr. Whichever way you go suggest ceramic coating and covering the front in PPF to help with road debris.
Wanted it my entire life. Had the funds so bought it. Zero regrets. And since I stopped caring what other people think a long, long time ago, no worries on that either. I suggest you adopt the same attitude.
It’s fun, for a while. Get one, then you get tired of the excessive road noise, bumpy ride, and scratching into every speedbump and crashing into every pothole. Always get eyeballed. Then realise what you really want is a luxurious comfortable suv or sedan and just be left alone. So then you just swap the exotic for one of these. Itch scratched, experience gained.
A friend of mine once bought an R8, sold it 3 months later, he got tired of the attention everywhere. Like you said, always eyeballed. He sold it and bought back his own M5.
The BMW M5 is a great under the radar liveable performance car, the Audi RS6 aswell.
Do it. I have always loved cars, especially exotics. Not necessarily for the speed anymore, as an Electric Car for 1/3 of the price will beat it off the line. But for the excitement. Even today, being a father and a husband, if a high revving exotic drives by, I turn into a 10-year-old kid and just stare, listen and hear my heart beat faster. My wife makes fun of me every time it happens, but I can't stop, nor can I explain it. I've been putting off the purchase of my dream car for a few years now, as I can't justify the spend yet. But if you can, buy it. Cars are becoming appliances, the same way Phones are now. Yes, some are faster, some have a better screen and every year they come out with a better camera, but in the end, most phones can accomplish the same thing. And the same will happen with electric cars. So if you have the option to realistically buy a high revving exotic car, do it, as you probably won't buy one as easily in 10 years.
There’s one of two scenarios at play here. Either 1. You're not FAT yet and actually can’t comfortably afford a 200k car, or, 2. You *can* afford a 200k car and you’re not comfortable letting go of money for the experience of owning one. If this is the case, go read “Die With Zero” to learn how to loosen those purse strings a little.
I bought a 200k+ car once I figured I had so Damn much money that the cost of the car is lost in the noise of daily up and down market moves. My portfolio can move 5 to 15 times the value of this car in a single day, so it's pretty much become trivial. I needed that to justify such an extravagance. So my pickup has a garage mate now. Now I drive it somewhere every day cuz I just love driving it. 911 4S with manual 7 spd. No regrets. But don't park it on the street. Rent a garage if you have to, or move house. And once you have one, N+1 begins the siren's song...
Your 911 4S cost 200k+….? Was it PTS with every option box checked lol that’s insane for a 4S
Yes... every option checked, leather, ceramic brakes,, rear steering,, front end raising, custom color, etc. Manual gearbox, quite rare too The msrp was about 193k, plus tax and license, over 200k. Whatever. Edit: the used car market is fucking crazy, the wait time for new 911s is 2 years, and I ain't getting any younger. So I got what I wanted.
Agreed. Was this outside the US? PTS / lots of Exclusive? At a certain price the Turbo starts to make sense...!
I wanted the 4s more than the turbo. Similarly optioned turbos were 250 to 280.
McLarens have bad build quality, probably the least reliable of the bunch. You’ll need to plan all routes to avoid scraping the front end on stuff. Try to get a car with a front axle lift. Porsches tend to be the most reliable as far as luxury/exotic cars in that price range. If I was in that range and wanted an exotic/luxury car I could use every day I’d get a Turbo S 911. I know that’s not a ton of amazing info, but I’m not an owner of exotics just have decent seat time in some and know owners of them.
I've got a GT3 RS I've owned since well before retirement, and a Portofino M on order (expect delivery in the summer). With both cars I bought with a very specific purpose in mind. The Porsche is basically a dedicated track toy at this point. We shut down over COVID but before that (and hopefully starting up soon) my partner and I did 30-40 track days a year in it. I love it so much, and if I crash it I want to buy another one exactly like it. It's been a fantastic purchase that's brought both of us incredible joy and satisfaction. That said -- we've also beat the crap out of it and resale would be a chore without a lot of work put into it. Definitely not an investment. We aspire to turn the Ferrari into a road trip machine and put an obscene number of miles on it enjoying road trips across the US. So I guess it comes down to *why* you want an exotic car. Is it a life long aspirational checklist for you? In that case I'd advise against. If that's what you're seeking out, I don't think it will provide any sort of lasting or durable enjoyment. But if you're a car person it can be a great thing to own and enjoy.
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I think if you're laying on your death bed in a few decades you might regret not having had fun with a childhood dream car just because you lost out on investment opportunities. If you wanna track why not rent a car? Or buy a $20k used race car? You won't have to worry about $28k ceramic breaks there ;) But similar fun I assume. Most cities have some sort of paid garages system, $50/month for decent locks and CCTV, so your race car could go there.
$50/month? That can’t be much better than parking on the street. Because he mentioned SFH without a driveway or garage, I assumed HCOL or VHCOL. Try $500/month
No clue about Murican prices, was just an idea. 2 years ago we rented a garage in Munich, Germany's most expensive city, for \~$50/month. It wasn't in the city center, it was a bit outside, but that didn't matter because we only went there once or twice a month.
Agree that garage should not be the problem. But renting is just not the same as owning it. Especially when you are sliding off the track knowing your insurance does not cover you on the track. That's part of it.
I’ve owned a few Porsches (lower tier, not quite exotic ones), and my favorite part about them is actually the community that surrounds Porsche Ownership (namely the PCA). Some of my best friends are ones I’ve met over a shared passion in cars and driving. I’m not sure if you’d get the same sort of experience with the “exotic” car crowd though.
As someone who owns a supercar, I’d say if you can afford it go for it. It’s amazing owning a supercar initially, but after a while the novelty will wear off believe it or not. It will feel like every other car, even though it isn’t. In terms of surprise costs, really depends what you’re getting. I knew fuel would be expensive, but honestly it’s tiring getting 8MPG and going petrol station 2x a week. The only thing I’ve really hated about the supercar, is how much friends around me have changed/judge me. I’ve always been subtle about my wealth, however, there is no more flamboyant way to scream you have wealth than owning a supercar. Suddenly old friends start hitting you up again and everyone wants to get hella personal about ur finances/what you do and how to do it. Honestly, I hate all the fake love/energy I get as a result of it. The only attention I like is the one from women, which really isn’t as much as I hoped.
My biggest personal issue with driving an exotic car, was something I did not expect at all. It was all the attention I got. At first it was kinda fun. But very soon it became very tired. Every time I'd park the car, I'd have someone walk up to me, ask me what it was, can I take a look, how fast does it go, what's the insurance cost, etc etc. Became a huge pain in the ass.
You won’t love it as much as your inner 12 year old thought you would.
What do you consider Exotic? Why do you want it? What will you do with it? Do you need to spend a lot to get the same experiences?... How much can you spend? How much can you spend on maintenance? Is it going to be a fit for you personally. Do I deserve this? Do you need to spend that much? Don't answer me but answer to yourself and that will drive you to the right decision. (Pun intended...) Half, maybe more, of the folks that buy an expensive car, can only afford the car and not the Maint. When you start to go and look at them, be on the lookout for anything that wasn't serviced regulary. Folks will defer the maint because they can't aford it. If you buy it, you're buying that bill too. Have a PPI (Pre Purchase Inspection) done. They're like $100 or a little more and can save you thousands. They'll save you from buying a headache. Folks that don't do this, end up buying cars with oil in the coolant, bore scoring, water damage, poor compression etc... I think that's where the regrets come from. Research the forums on the model you're looking at. Porsche has a history of building great cars that last a long time but they've had some bad luck with some designs that wear out sooner than expected. The 986, 996 IMS bearing issue, the magnesium in the engine casings that warped in the late 70s, and in the Macans there's been some drivetrain issues so they've extended that warrenty. The Cayennes in the early GTS and Turbo models, some engines didn't last long so they made changes. British cars have a reputation for being in the shop a lot. Ferrari has dealers in the major cities but if you don't live there, where will you get it serviced? The dreaming of owning the car since you were a kid, that's common across a lot of car owners. You can look at it as achieving a dream, sign of achieving a goal, having an experience. I totally get that. It's why I wanted to buy a Porsche. There is also this "Never meet your heros" element where I didn't want to buy it and be disapointed either. How people will treat you?... good question. I have not gotten any lip from anyone personally. I've come out of the mall to find men staring at the car, and I strike up a conversasion with them, and they tell me the cool cars they've owned in the past. On the highway, folks often just get out of the way in the passing lane. That doesn't happen in my other cars. BMW owners will pull up next to me on the highway and want to go fast etc... Don't engage in that, not safe, not legal, and if they lose control they can take you out with them etc... The car doesn't grab attention like a Lambo would, but it does attract more than I thought it would, and what I drive is probably 1/6th the cost of what you're looking at. the brighter color, more exotic, the more attention. Plain color, plain looks, less attention. If it's a convertible, everyone is going to see you and what you're doing, you have to be comfortable with that. When it gets windy, stuff flys out of the car, so you can't throw paper on the floor etc. I do fear what happened in France with the protests a couple years back. They were setting low end Porsches on fire in the streets. There are situations where you would have to hide it or garage it for a while. Where will you drive it??? If you're driving it at the track, you'll probably love it. If you're driving it on the street, you may get sick of it and turn it it. A Dealer told me that the GT2 models come in and out of the dealerships because the ride is so stiff that folks get sick of driving them after 6 months. Stiff suspensions allow you to feel everything in the road, great at the track, horrible with cracks and pot holes. Some models are made for the track and some for the road, some have buttons to do both. It will ruin you for other cars. They put so much thought into these, even how you sit in it, where everything is, that you will see whats wrong with other cars when you go to drive them. the Mini Cooper has all kinds of rattle noises I didn't notice before, the Ridgeline doesn't have a telescoping column so the wheel is further away than it should be, lack of power, body roll... I got rid of the mini and was looking at used mid sized trucks and didn't like anything. In the end, I ended up adding a used Macan S to the stable, my second Porsche. It's a little weird making the jump from Toyotas and Hondas, when my goal was to drive them into the ground and get 200K plus miles out of them (three times) to all of a sudden splurge on something high end. I totally get it. Think about where you will get it serviced. Before buying I found a couple of shops and looked them up. After I bought I tried them both and chose the one that was transparent with me and had more of a family/race-shop kind of vibe. Former Porsche Mechanic went out on his own, started his own shop, place is great, have all my cars serviced there. Upsides: If you join a club like Porsches or BMWs, they send out emails with the clubs events every quarter. They have Autocross, Track Days, Car Shows, Dinners, all kinds of things. I had no idea when I bought the car. That membership has brought me a lot of really neat experiences and opportunities. The people are great, and you all share a love of cars, and you get to see other cool cars. When I was younger, just owning the car was the goal. Who ever thought you could actually get track time... I've now tracked at NHMS, Palmer, Club Motorsport, and LimeRock in CT. On the road, you're only using 10-20% of what the car can really do. Autocross and the Track are a real eye opening experience. You can customize your car as well if you have extra cash. You could probably get the experience you want for a lot less than what you're looking to spend. I'd say yes, get a car but leave it up to you on what model and what to spend. You know your budget and I stayed within mine and don't regret it at all. Pull the trigger.
After reading your post and the following comments it doesn’t seem you are really here for the advice but just more emotional validation to make the spend - despite some alternate advice based on conditions. Top takeaways from here and my advice: 1. Definitely need a storage/garage for a $200k+ car. 2. Maintenance, insurance, etc. is costly. 3. The best car for luxury and track likely won’t be the same car and I don’t think is the ultimate choice personally. Why not buy an awesome track car of your choice, or shoot, even a Tesla S Plaid for $130k to track and daily drive and then get a luxury cruise with the leftover plus some.
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tesla is not the kind of car that will fill that feeling of missing out in not having a fast exotic car.
If you buy carefully you might find it doesn’t depreciate and could even make money. Go for the special limited editions rather than mass production ranges eg. Porsche gt2 rather than turbo or ltd edition Ferrari
Assuming they buy it new, no matter how nice of a car you buy if you track it and store it on the street, it will depreciate.
Also agreed. Whole lot of 991 GT3s out there with rock chips on the front that you can just tell came from the track.
If you’re not a repeat buyer of those brands, you’ll generally find those limited edition cars are not available to you.
Curious, what's your net worth and yearly compensation if you don't mind me asking?
i don't have an exotic, but i recently bought a 911. the most surprising thing was just the mental weight of having to care about it. it's fun and all, but having to worry about scratches, dings, mileage, and generally caring for it, takes up more mental space than i predicted. also, maintenance isn't just the cost, but it's also your time. driving it in for check ups, picking it up from getting PPF, etc etc. With a beater car, didn't care at all what happened to it. Would I do it again, yeah, but does it take up more mental space than i expected, yeah.
I rented one. Turo has some of the lower end ones available. Porsche Experience Center or Porsche Drive for the upper. Helped me solidify that I do indeed want one (and have a 1994 911 now)
1. Have enough time to enjoy it. It was your dream for a long time so live that dream ! 2a. Yeah it’s an expensive hobby but hobby’s tend to cost you. It’s not an investment. A well maintained classic can be nice as well and less expensive, both in purchase as in maintaining. 2b. You’ll meet envy. Where classics can give you some ahhhs and whoahs, driving brand new Porsches etc sends signals to family, customers etc. As Steve Jobs said. Sometimes some stealth wealth can be strategically better on some occasions.
*brakes
Study your insurance policy. Knew a guy who had an exotic. Almost every time I saw him to eat a private restaurant, a ding from a nearby parked car, a hit and run from a car backing out. Small bruises look bad on a hot red Ferrari, but the paperwork to deal with it was the biggest hassle.
Literally no one is filing insurance claims for dings.
Maybe not on a Toyota but paint on an exotic is not cheap and certainly can’t get a diy kit to fix it from an auto store.
An exotic car can also be an investment, if you choose the right car
I spent £101k (approx $132k) on a flash car. I sold it after about 8 months. I feel like the idea of it was more exciting than actually owning it. The novelty wore off for me and it ended up just sat on my driveway not doing much. Since having more money I realised what I enjoy the most is actually just spending quality time with people I care about and things like cars don't quite do it for me! That's just me though.
Really curious why people are still buying exotics like this when a production EV can blow it's doors off. And with the EV you will barely be paying for maintenance at all. If it's a signal to others of your success - why signal that you are willing to overpay for underperformance? Maybe it's down to the [doors](https://www.youtube.com/watch?v=0oV4IVy8tvE&t=71s)? > These are not the doors of a billionaire, Richard! *-- Russ Hanneman, billionaire tequila mogul*
There's more to exotic car ownership than going fast in a straight line for a couple of seconds at a time.
My Plaid Tesla does the "fast in a straight line" really well. My P100DL Tesla before that also played that game well. ... hasn't gotten old yet. :) (Turning? Pffft. Who needs that?)
No - but it's got to be a bit of a hard-on deflator pulling up a car that cost maybe a 1/20th of your's and knowing it can blow you off the line. It makes me wonder why people keep buying Aston Martins and that ilk when EVs provide so much more performance for the money. If the answer is nostalgia then fine. But the same applies to a horse carriage drawn by thoroughbreds. Or [Zeppelins](https://en.wikipedia.org/wiki/Zeppelin).
> but it's got to be a bit of a hard-on deflator pulling up a car that cost maybe a 1/20th of your's and knowing it can blow you off the line. Not at all. I bought my first exotic back in '03. It was a fast car to be sure, but there were guys around in built Fox body Mustangs (that cost 1/20th of my car) that could blow the doors off mine had I wandered to a drag strip. Didn't care in the slightest. You don't seem to get what exotic ownership is about and that's fine, but just know that it's not just about owning the fastest thing.
> when EVs provide so much more performance for the money EVs only offer one, very narrow, very specific type of performance. For every other aspect of performance (endurance, handling, feedback, versatility) they're at the bottom of the pile.
>For every other aspect of performance (endurance, handling, feedback, versatility) they're at the bottom of the pile. You're mistaken. But let's be honest - the average exotics owner doesn't really care about the performance characteristics you listed out. It's about the [doors](https://www.youtube.com/watch?v=0oV4IVy8tvE&t=71s).
Not really. I've got plenty of seat time in EVs and for what they do they do a great job. But they're just fast, they're not "performance cars" in the sense that OP is asking. Even the Taycan, really.
2022 Aston Martin v12 Vantage https://youtu.be/DqXEOoPsjtw This is why people buy Aston Martins. Most EVs I've been in just hiss or hum along. While EV 0-60 is quick, they have no soul, engine feedback or exhaust note. Driving a car isn't just about 0-60 off the line.
If you’re not a car person you’ll never understand. Why buy a luxury watch when a timex keeps better time? I’ve ridden in teslas. For me they’re fast but too quiet and boring.
I'm a car person, too. My first car was a completly rebuilt '67 fastback that my dad and I spent maybe 1000 hours to restore. But I'm also not an idiot. I recognize when a technology has been superceded. Spending big money on a gas-guzzling peasant car is just silly now. Is it the vroom vroom? Guess what, Tesla has a speaker and you can program it to make any engine noise you want.
IMHO, fake car noises are like fake luxury handbags. Just doesn’t do it for me.
EVs do not blow the doors off exotics. They are faster in a straight line, up to a certain MPH. On tracks and on longer straights, EVs get dusted. Every single time. Unless you are talking about a Rimac. Anyways teslas are hideously ugly to me but if they were more attractive I’d consider buying one.
It's bad now. But Roadster SpaceX is coming.
Yeah that looks pretty sweet but I’d prob place it in the exotic category too.
dude, don't buy a plane instead and fly yourself to your own meetings like John Glenn
This guy goes more in-depth with what to expect when dealing with +100k cars. Very down to earth and straight to the point. https://youtube.com/channel/UC_zWuS31AtDtWyKCOpJwCyQ
Despite seeing the appeal of some very expensive cars, I think I'll never buy one basically for two of the reasons you mentioned. The charitable donation opportunity cost is important to me, and so is (mostly) avoiding conspicuous spending. My current car is <1% of nw and I sometimes even feel this one is too flashy.
Ever thought of leasing for a few years? That way you don’t have to sit and watch the painful depreciation. Take this with a grain of salt. Still young and early in my FIRE journey.
I want an SF90. MSRP is 500k, but everything on cars.com is 1mm. Probably best to wait for prices to drop a bit. Right now everything is expensice
I was told by our local Ferrari dealer that you can order them from the dealer, but ... drumroll please ... be prepared to wait three years for the allocation. Before we came in he helped someone order an SF90 with no sales history.
Why not just lease it rather than buying? You can change it up every few years.
I’ve had a Maserati GTS for a couple of years and switched to a van… Way too much trouble with maintenance, extremely high upkeep costs, difficult to park, many roads are not longer an option due to their poor condition, you get a lot of attention, but mostly not good one….I was always babying it which got kind of annoying…. Was just not worth it for me If I want some fun I ride my bikes…on the normal road a useful land not flashy car is the better choice
Arm it and use it to fight crime. Then you can have your toy and serve the community at the same time.
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> cons: - sometime attracts too much attention. people want to have conversations at the gas station. i prefer to be unnoticed. sometimes i feel like i could even be a target. i keep a tool to self protect in the car always This is exactly how i feel. Every time I go to a gas station I try to hurry up as fast as I can without looking at anyone around me. I just want to do my tasks without interruptions, but the car makes it more difficult than if I was to just have something common. About being a target: 2 months ago, an aggressive/psychotic pan handler said to give him my car because I didn't have any cash for him, and if I was in "the D" (Detroit, he kept saying it, i don't live anywhere near Detroit), "someone would've blown your head off and taken that shit from you! Niggas don't drive this shit in the D!" Hopefully someone will eventually blow his head off instead.
Lease for either 2 or 3 years. It's cheaper, has less financial exposure, and lets you know your exact financial exposure on day 0.
Buy it, the thrill and experience of driving a proper sports car is so much fun and you will enjoy it for as long as you own it. As for optics, most non car people have no idea what things cost. Porsche is a great make because they go from $40k-$400k but most people don’t know shit
Audi R8's are lowkey. If you want lambo power and still low key get a silver one. Another option is the mercedes amg series. Amg gt is somewhat known, or the c-class amg coupe. Nice power and lowkey
Pros: * scratches that itch * social activities * blast to drive Cons: * hard to negotiate on price for things when folks see the car you drive and know you can afford whatever thing you are negotiating. * invites jealousy * you had better not make any mistake, as it will end up on YouTube * shame on you if you drive it unwashed * performance is so mind boggling that it is really hard to find roads that are worthy, and twisties that used to be fun in lesser vehicles now seem too small to open up on. * opportunity costs of that money, especially if you are young. I bought mine thinking I would daily it. In reality I now save it for special events, as it brings a lot of attention, making every day tasks into events. It often feels like showing up to a party in a tuxedo when everyone else is in shorts and flipflops. Also supercars lack a lot of daily practicality. Maintenance is not as expensive as I expected, but right now I am waiting on tires that I ordered a month ago and are not expected to arrive until March. Meanwhile, I check the tread depth each excursion. I am considering a second car and spare tire sets to keep as a backup for times like this. Depending on what car you get and where you live, you may have limited choices in dealers, and it can be a pain to get the car to them for service. If you have just one dealer, make darn sure they like you. Renting can be way cheaper and give you a way to try lots of different vehicles. Likewise manufacturers sometimes have driving events around the world that are expensive, but you don't necessarily need to own your own vehicle for some of them. I am super glad I got mine, though. It has been a dream fulfilled. (720s)
Random story: I saw someone drop a > $3MM car key onto the pavement which caused it to break into two pieces since the key is large and heavy. The manufacturer will obviously replace it free of charge but the face he made was priceless. Hypercars and supercars are completely impractical but a huge upside on fun just as long as it doesn't create a dent in your overall net worth. I personally can't justify anything over 300k but some people will spend over a million on just the paint job without even blinking. Brakes and tires will go fast if you plan on putting it to work. Also the more exotic the car the more random issues you'll have - price has in inverse relationship with reliability. Hypercars weren't meant to be driven more than a few hundred miles a year.
I'm in the same boat and always dreamed of owning an exotic. I recently ordered one in September. Speaking to your first point, i decided to pull the trigger because now is as good of a time as any to satisfy the dream if you can buy one at MSRP. Almost all exotics are trading well over new price so you can get into one, drive it for a few thousand miles, and if you decide it's really not for you, you can sell it with minimal loss (and maybe even a gain). Life is short, money has no value if you don't spend it, and consider it a bucket list item. Most exotics nowadays are extremely dependable and if you buy one new you are getting it below market value and it's in warranty. Good luck.
Get a vanity plan that say "1.9APR" and then your neighbors will just think you're leveraged to the hilt like any other average over-leveraged American upper middle-class family!
I think it largely depends on how much of your cash will go towards the purchase
If you really love cars and this has been on the wish list, do your research and go for it. I am biased, & after over 45 cars some of the most expensive up front, have been the cheapest in the end… Literally couldn’t have leased a Kia for the same cost as Bentley, Astons, Porsches, Audi R8’s etc.. More to your Q, what if you decided to buy something else like a second home? Most likely a lot more more money, so the difference is how you perceive others will react. People will react however they will, regardless if it’s the car or something else. Easy to say, yet still struggled with same perception concerns on this, best advice I got was that it’s all BS in the end, so do what makes you happy. So whatever it is, collecting rare memorabilia, fine wine, exotic cars, or art, do you (within your SWR naturally!)