Would you do this for $105k? (presumably negotiable down to $100k) (3 Viewers)

[seremify007]

http://www.carsales.com.au/all-cars...247 1252 1282 4294966380 4294966372&silo=1011

I know it's quite a lot of km's especially on an import rather than local delivered model, but it's still pretty cheap for a decent example of a prancing horse (which isn't an HSV).

I'd rate it and do it if I could afford the upkeep but realistically maintenance would probably be $5-10k per annum plus the cost of repairs would be horrendous if I were to damage it.

 

[Omnipotence]

You're rich. Side note, get a F430.

 

[Omnipotence]

Do you have any other selections?

 

[seremify007]

I looked at the $125k 360 (manual) previously but was turned off by the cost of maintenance. That being said, spending that much cash on a car is a bit difficult to justify at my age and used cars (especially used high performance cars) are bound to be a pain.

 

[Azure]

That would be so fun to drive, but I could never justify spending that much on a depreciating asset. If I had the $$ I would probably look into joining one of those exotic car clubs where you pay $xx,xxx/year and get to drive around in different exotics for a few years.

 

[zombie omie jay]

Jesus Christ mate $$$

Are you after the prestige or performance?

You probably know better than anyone else on this forum about it all but you can get something faster for less.

But prestige cant be beaten. $100K Ferrari. 360s are very recognisable.


Id go a used 911 GT2/Turbo etc (not really id just stick with a standard 911) for less than $100k.


But realistically. I saw that 05/06 Mazda 6 MPSs are <$20k these days. Delightful.

 

[seremify007]

Going after prestige if I went Ferrari. A 10 year old "supercar" is not really a supercar anymore in terms of performance, but the look/sound is still epic.

 

[twistedrebel]

are you like partner at your acouting firm now? $$$ is just too much

 

[abbeyroad]

lol spending 100K on a luxury good that depreciates over time m8 you don't do that until you're worth over 1-2 mil.

 

[ombuds]

Get an atom

 

[SnowFox]

Id go a S1000RR.

 

[Omnipotence]

Get an atom

That thing flies.

 

[RDX]

Probably not, would be such a pain to maintain and I'd probably want to be so cautious driving it.

 

[Ziva]

lol spending 100K on a luxury good that depreciates over time m8 you don't do that until you're worth over 1-2 mil.

Expected future income is really all that matters.

 

[abbeyroad]

emphasis on expected. I'd rather spend 105k on something that appreciates rather than depreciates if $105k is > 10-20% of my current net worth. roi should be of top concern when you're just starting to build your wealth tbh.

 

[hungwell1337]

not a bad fezza, doo it jace

 

[Ziva]

emphasis on expected. I'd rather spend 105k on something that appreciates rather than depreciates if $105k is > 10-20% of my current net worth. roi should be of top concern when you're just starting to build your wealth tbh.

my concurrent consumption much depends on my future expected income

~MILTON FRIEDMAN

Sure if you are trying to maximise your net worth it would be a bad investment, but you are forgetting one of the most important economic principles; utility maximisation.

edit: ie. last night I went out and spent $800 bucks, but had literally one of the best nights of my life.

 

[hungwell1337]

my concurrent consumption much depends on my future expected income

~MILTON FRIEDMAN

Sure if you are trying to maximise your net worth it would be a bad investment, but you are forgetting one of the most important economic principles; utility maximisation.

edit: ie. last night I went out and spent $800 bucks, but had literally one of the best nights of my life.

did you pay her by the hour?

 

[Ziva]

no but thats what happen when you stay at the four seasons in sydney and drink multiple bottles of moet & chandon

 

[abbeyroad]

my concurrent consumption much depends on my future expected income

~MILTON FRIEDMAN

Sure if you are trying to maximise your net worth it would be a bad investment, but you are forgetting one of the most important economic principles; utility maximisation.

edit: ie. last night I went out and spent $800 bucks, but had literally one of the best nights of my life.

m8 that's only because you derive more utility from present consumption than deferred consumption, in other words you have a high time preference. someone who's your opposite maximises his utility by saving rather than spending.

it all comes down to personal preferences tbh.