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/biz/ - Business & Finance

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12422903 No.12422903 [Reply] [Original]

Hey /biz/

So I make $250k/yr before taxes and I'm thinking about buying a $300k car.

Why shouldn't I do this?

>> No.12422911

do it

>> No.12422912

>>12422903

Why? Do you even like cars?

>> No.12422915

>>12422903
who said u shouldnt?

>> No.12422916

>>12422903
Well, if you don't already have a decent amount of savings and investments then it's a bad idea since it's a depreciating asset. But if you do have a good amount of savings and investments then by all means go ahead. Just make sure you get a good financing plan.

>> No.12422919

>>12422903
what happens if u lose ur job or become disabled

>> No.12422923

>>12422903
What’s your net worth? $250k a year doesnt mean shit if your bank account is in the 5 digits

>> No.12422940

Buying a lambo is basically fashion scape
You should be using that money to flip and invest in the GE
What you're doing is xp waste in real life

>> No.12422944

>>12422912
Yes I love cars and have wanted a Lamborghini since forever
>>12422915
Everyone I've talked to
>>12422919
I won't. I work as a doctor so unless I kill a patient on purpose my job is pretty secure.
>>12422923
I have no money in my bank account but I own my house which is worth about $800k

>> No.12422947

>>12422903
fucking do it

>> No.12422956

>>12422940
Wouldn't saving money be XP waste? We all gonna die someday, might as well enjoy life specially since I'm young still?

>> No.12422958

>>12422903
buy a 300k piece of property instead.

>> No.12422960

>>12422944
What type of doc? Who are you trying to impress?

>> No.12422969

>>12422956
You can have fun with a 10k car. Doesn't make sense to buy a 300k car unless you are making millions a year.

>> No.12422970

>>12422956
Lower level people at the hospital might resent you. I would never drive it to work. Thats the thing about these kinds of cars, they open you up to jealos assholes who want to fuck with your shit

>> No.12422972

>>12422960
ER. I'm not trying to impress anyone I've always wanted a V10 twin turbo or V12 Italian supercar

>> No.12422977

>>12422970
We have our own parking garage so no one at my job will know

>> No.12422999

>>12422977
There are far better cars you could buy and for a fraction of the cost. You are def buying it for the image mate, give your head a shake.

>> No.12423012

>>12422903
Just lease it. Devaluation and maintenance will fuck your little butthole.

>> No.12423017

>>12422999
I beg to differ. The only cheaper sports car that has a V10 would be a Viper and it doesn't sound as good since it doesn't rev as high. Also the Huracan is very reliable, this is my only car and will be my daily.

>> No.12423020

>>12422972
Get an old Ferrari F430 for under 100k so you don't lose your shirt in depreciation when you get bored of it in 2 months

>> No.12423023

Just get a 911

>> No.12423041

>>12423017
If you're bent on a v10 the Audi r8 would be a more reasonable option too

Have you ever rented luxury sports cars?
It's a lot cheaper to rent all the coolest cars and take them on a track to get your fix than it is to buy one

>> No.12423045

>>12423020
That car has a V8 and the only ones that are under $100k have the slushbox single clutch automatic. If I did buy an F430 I would get the manual
>>12423023
Literally everyone of my friends has a 911. It's so played out and boring

>> No.12423048

>>12422903
buy an A7 and invest in rental properties kid

>> No.12423053

>>12423041
I already owned an R8. It was too tame. Felt like any other Audi honestly. And want it for a daily driver

>> No.12423068

>>12423045
Get a Ferrari f12 from 2015 or something for 200k
Buying a new lamborghini is a meme

>> No.12423070

>>12423053
Mate you have already made up your mind.

>> No.12423073

Just rent it occasionally on weekends. You will probably stop doing that within few months after it loses the novelty effect for you.

There, just saved you like 290k.

>> No.12423079

>>12423070
He just wants attention. That’s why he won’t get a 911.

>> No.12423105

>>12422903
If it makes you happy, go for it. It's likely that the novelty wears off in 6 months and it ends up costing you a fortune to insure and maintain.

>> No.12423122

>>12422944
>I have no money in my bank account but

You are hood rich then. You shouldn’t be paying for that lambo, your money should be paying for that lambo. Save up 3 years salary then come back.

>> No.12423129

Anon that's an image car and would be an absolute shit DD.

There are faster cheaper cars out there

>> No.12423181

>>12422903
Why don't you get a superbike instead for a tenth of the price?

>> No.12423192
File: 1.54 MB, 1280x720, 5aa.webm [View same] [iqdb] [saucenao] [google]
12423192

Liberty, Freedom, and Possibilities

https://youtu.be/FeNYjYA2lVg

>> No.12423232

>>12422903
Why the fuck would you want to spend $300k on a car when a $30k car can do the exact same job (even better).

Honestly...

>> No.12423266

>>12423232
cant tell if bait or people like you are actually this autistic. Or maybe you just haven't driven anything other than a corolla

>> No.12423471

>>12422903
The rule is this: don't spend more than 10% of your gross income on a car. So your limit should be 25k

>> No.12423504

Maybe buy a second hand one, 5 to 8 years old. Bargain a bit so you get it just under market value hopefully, some rich persons usually needs to liquidate their assets to pay for unexpected shit. Have a year worth of fun in it, and by that time you can guage whether or not you would get extra enjoyment and personal (non dollar) value from a brand new late model one. If so, sell the second hand one at a smallish loss, if not, well youve already saved a huge amount of money going for the second hand one which will have a smaller depreciation gradient anyway since the first owner absorbed the brunt of the drive away value loss. Hope this helps mate :)

>> No.12423513

>>12422903
Get some consistency in your larping you stupid nigger, I saw you on /o/ today saying you already had the car.

>> No.12423520

>>12423122
I also highly support this view

>> No.12423547

If the Lambo is 1% of your net worth it's ok. You're fucking broke though and you're wanting to dump $300k into something instead of working that $300k and leasing the car. Fucking idiot.

>> No.12423563

>>12422972
Defo do it. Very fitting for an ER/surgical doc. Having said that, I was most envious of one of my orthopaedic consultant’s Harley Davidson here in the UK.

>> No.12423569

>>12423547
And we found our juden, gents

>> No.12423634

It sounds like you have your shit together. You own an 800k house for christ's sakes. You're allowed to indulge yourself.

>> No.12423708
File: 110 KB, 640x643, bmw-s1000rr-hp4-1.jpg [View same] [iqdb] [saucenao] [google]
12423708

>>12423266
he's basically right though: the most extreme ones don't even cost much. if the experience of insane speeds is what you're after, your best bet is an ~18.000$ (factory new) motorcycle that will accelerate faster than any lambo and make the same speed feel twice as fast due to everything being completely open
he won't save 95% though, because he's probably a pussy that would fear the lack of safety and/or be unable to actually handle it

>> No.12423762

>>12422903
How old are you op?

>> No.12423771

>>12423708
Actually the Lamborghini accelerates much faster than the bike because bikes have traction issues and if you accelerate too quickly the front comes up. Also a car can pull far more lateral G's due to having four wheels.

I used to ride until I got the money to buy fast cars. I see at least 1 motorcycle accident everyday in the ER. It's not a matter of if you will crash and become seriously injured, it's when. Especially if you do a lot of track days. Sure most of the time you just slide but it only takes one time for someone to run you over of you to high side or whatever and you're dead. Gear can only do so much

After owning a fast car I don't miss riding a bike at all.

>> No.12424201

>>12423771
>lambo accelerates faster than a bmw hp4

Topkek senpai no chance

>> No.12424357

insurance will probably bitch when they see it
>>12422944
if you don't have any money in your account then why are you even considering this

i'd save up at least 1.5x the cost of the car before buying it

>> No.12424375

>>12422903
Why don't rich people just lease luxury cars? That way you can swap it out for something different instead of getting stuck with just that one nice car. Leasing may be dumber in the long run financially but you're rich and you're just looking for a nice car to drive around.

>> No.12424396

>>12423266
Maybe you haven't anon. I've driven heaps of other peoples fancy cars and got over it before I could think about buying my own, I find no extra appeal, the comfort or enjoyment just seems like a meme to me, there is not any gains. One thing though that economy cars don't offer is a rifle bolt precision shift, but modern sports don't even feature an H pattern anyway so it's even worse. The only true purpose there can be is to appear rich, but in my country success is frowned upon so all that can happen is people talk shit and conspire behind your back, there is zero gain.

>> No.12424418

>>12423232
female/soiboi detected

>> No.12424485

>>12424418
Wrong. Females and the sois have no discipline, these are exactly the fags who will finance low end 'luxury' to satisfy muh feelings. These vehicles are literally of inferior performance and quality to lower cost competitors, the retards will pay more on purchase, tax and maintenance because they think people look at them and literally believe they were in the elite club. This is even worse than high end which even though there is not practical purpose the higher grade elements do at least exist on the machine. If you see anybody driving low or even mid tier european you can bet money that they are a literal poofter and are on a 5 year payment plan trying to buy self worth.

>> No.12424490

>>12422903
because you can't afford it retard

>> No.12424514

I think OP is trying to rp as Doctor Strange.

>> No.12424525

>>12422903
know how I know you're black?

>> No.12424534

>>12424485
>Females and the sois have no discipline, these are exactly the fags who will finance low end 'luxury' to satisfy muh feelings.
they are also the same kind of fags who think a Corolla is the same as a Mclaren.

>> No.12424618

>>12422903
unless you wanna live in a small house you cant afford it.

>> No.12424623

>>12424534
In practice it is the same, what I am telling you before is there are no practical gains from the McLaren. It is built with special materials and engineering that costs more money yes, but also there is no purpose for doing that. I am not a woman and I don't even put soi sauce on chinese food, these are merely the true facts that you need to cope with.

>> No.12425391

What's your net worth OP? Without 3 million liquid, don't do it.

>> No.12425751

>doesnt like R8 because its too tame
>buying a rebadged R8
>not just buying a R8 then add some custom exhaust if you want the noise
go to /o/ and let them laugh at you

even though they're nothing but a bunch of sour poorfags they see through that bullshit

>> No.12425770

I make $5k per year if I'm lucky. Living the dream.

>> No.12425771

>>12423504
Smart post :)

>> No.12425775

>>12422903
i wonder how an idiot like you manages ton make 200K/year
your a peasant and you want to buy a 300$k car, lol

>> No.12425823

>>12422903
This right here is why the west is debt fucked and in decline

>> No.12425833

OP listen to me

lease the car that way you can get this desire out of your system. once you've had it for a year, the novelty will wear off, you can sell it. you also don't want to buy a sportscar that becomes ugly and untrendy 2 years after.

these cars are expensive as fuck to maintain, like $20k-40k is routine. they're for people who can afford to buy a new one every year.

if you even have to ask yourself if you can afford it, you can't. if you even have to think about maintenance costs in your budget, you can't afford it.

get a GTR or something, that's much closer to your budget.

>> No.12425847
File: 102 KB, 2048x1024, 1522501086843.jpg [View same] [iqdb] [saucenao] [google]
12425847

>>12422903
because that's 120% of your annual income and you're losing money.

>> No.12425876

>>12422903
>Me like fast car go fast. It go vroom turn good and get speed go nicely! ;]

>> No.12425881

>>12425751
this
OP is a fag with no taste

>> No.12425886
File: 297 KB, 1910x1000, BF120220-2255-4D2A-9142-1FBA158BB033.jpg [View same] [iqdb] [saucenao] [google]
12425886

Fucking idiot dont buy this shitty meme car you’ll be paying a fuckload for repair costs and gas ontop of initial cost. Buy a completely maxed out tesla model s p100d for a 1/3 of the cost of a scambo and never pay for gas again. Its has same 0-60 and similar top speeds, self drive and is one of the safest cars.

>> No.12425903

Depreciating asset

>> No.12425931

>>12422903
Anon I did the same mistake you might be pursuing, it gets boring after 2 months even if you have friends to hang out with and it gets even more depressing once you have a girlfriend. There will just be a point that you don't care as much as you did before you had gotten the car, unless $300k is merely 20% of your savings then you should get it.

>> No.12425940

>>12422944
You could get in an accident on the way home from the dealership where the car needs minor repairs but you shatter all the bones in your hands and break your legs. No other car was involved, you just drive like shit. How are you going to make $250k a year now?

>> No.12425948

>>12422903
On second thought, just get it. If your're not smart enough to see why you shouldn't, this will teach you that lesson.

>> No.12425954

>>12425948
>you're'r'e're

>> No.12425966

>>12423708
This. BMW S1000RR. Bike is plenty fast and will smoke 99% of cars out there.

>> No.12425975

>be not german
>buy fast car
>not allowed to drive fast

>> No.12425982

Loses half its value the moment you leave the caryard. Buy a 2nd hand mint one for 150k instead. Boom.

>> No.12425990

>>12423569
Guess what moron? Compounding interest and leverage is how the Jews got their money in the first fucking place. Enjoy plateauing and never growing your wealth. He can still enjoy the 10 year old's toy car by leasing it, you can be lavish but don't be reckless.

>> No.12425998

>>12422944
My dad works as a pediatric doc. Has been one for over 30 years. Never bought a new car until about eight years ago.

Focused on safety, reliability, depreciation and insurance cost (mix the last two and gas for a per mile cost). Bought Fords mostly, then Honda and Subaru. Has millions saved up for retirement and unforeseen expenses. Able to help support multiple other siblings and his kids if something comes up.

Lives in a not so grand one story house with a basement that is fully paid off.

His focus isn't on finances, but smart financial spending allows him from being caught up in the "buy all the nice things" mentality I've seem so many doctors fall prey to. I'm surprised at how many doctors have relatively little savings with money in illiquid assets and some being stuck in unexpected debt after having a severe medical or malpractice issue that keeps them from continuing work.

I agree that renting and getting your fix in on occasion is the best approach. Save up money and when you have a cool million in liquid assets, then look into it. Also, pay off your house.

Smart about avoiding motorcycles. I've heard a good number of ER stories from when my dad and his doc buddies moonlighted there. 18 Wheelers and motorcycles are a dedly combo. Really, motorcycles in general.

>> No.12426014

>>12425998
*deadly, not dedly.

>> No.12426045

>>12422903
>Why shouldn't I do this?

Because you make $250k a year after taxes. You are working one full year for a car. For a doctor, you seem to be quite dumb for not realising supercars are meant for people who make 500k/yr min

>> No.12426238

>>12422903
It's pissing money away on decadent status objects with no lasting value or purpose.

Instead of pissing money away on consumption, you could save for a few years and open many opportunities such as:

- Financial independence
- Having cash on hand for opportunities like a probable stock market crash
- Assets that have a better return on quality of living, such as a luxury home

>> No.12426335

>>12423053
get a porsche

>> No.12426337

>>12423053
Lok what? You do realize that the R8 and Hurracan are basically the same car, right? Why are you larping?

>> No.12426340

>>12422903
Cause you should never buy a car you can't afford cash! Its a depreciation asset! More of liability!

>> No.12426343

>>12422940
This

>> No.12426344

protip: go to a car auction and buy a 2010-2011 lambo for ~100k
they won't be beat to shit like most used cars because they're all owned buy carfags

>t. owner of several jaguars bought at car auctions

>> No.12426657

>>12422903
I make 140k€ a year before taxes and could only afford an audi a3

>> No.12427426

>>12423266
>>12424418

yes, good goy!
spend 300K on this over-engineered and extremely expensive to repair/maintain car!
do it, my insurance company can not wait any longer!

>> No.12427436

>>12422940

Based and scapepilled

>> No.12427447

>>12423068
>buying old ferrari which will break down at any moment

>> No.12427525

>>12422903
>>12422940
>>12422944

Sounds like a retard. You don't love cars, you want status. Get a used lambo for 1/3 of the price or actually get a decent retro car. Hell even get a bmw i8. Buying a lambo is retarded and people will look at you as a poor fag for not getting a new bugati instead.

You're mr. moneybags, right? can't afford a $1,000,000 car? You make $300,000 sucking dick a year right? Why are you poor. Why are you buying a poor person's car?

>> No.12427540

>>12422944
Aight, just know that Lambo's are a bitch to maintain.

>> No.12427556

>>12422903
Rent it for a week.
Sit inside of it in your garage.
Realize it's just another car.
Then buy a Tesla.

>> No.12427623

>>12427556
and then realise your electrical bills have shot up

>> No.12427691

Why not buy a Nissan gtr nismo?

>> No.12427892

>>12422944
do it pussy

>> No.12427927

i make around the same and have been using a 2011 bmw335 as my daily. not too flashy and it's fun to drive. no major issues besides water pump. will probably keep it as long as possible.

>> No.12427960

>>12422903
I mean if you love cars, especially at those prices, and you do realistically make right now 250k a year then yes.
But if your one of those "I am going to make X once I graduate" then no don't buy it.

>> No.12427967

How the fuck do you make 250k/y and end up with no savings?

>> No.12427982

>>12425886

>Comparing a NA V10 lambo to a onions boy racer.
Man where the fuck is the world heading.

>> No.12427992

>>12427967
hes larping, why would a real doc w a 800k pad ask you losers for advice

>> No.12427996

>>12422903

What do you have to do to make $250k/yr?

That sounds like either a medical doctor or some executive/managerial role. I doubt any biztards have the job to be institutional traders.

>> No.12428027

>>12427982

Why does S-O-Y filter to onions ?

>> No.12428037

>>12422903
buy it enjoy life but these cars are made to kill young rich guys

>> No.12428048

>>12422903
>a $300k car.

You can get a good lambo for way less than that. Buy used with a little bit of millage and you will save plenty and get the same experience.

>> No.12428089

>>12422903
I would first make sure you have some money in case of emergencies but after that, it's your money. Go enjoy it OP

>> No.12428246

To OP:
I would wait another two years to save up and then buy with cash if you really really think it's worth it to you.

To the bizlets:
Would you consider buying one if you had a net worth of 10 million and made 300k passive income yearly?

>> No.12428510

>>12422903
You shouldn't do it because you probably don't own a home yet. You probably don't have sufficient savings yet. You probably WILL lose 75k on the car in under 2 years when you get tired of the attention. You truly DON'T make enough money to afford it. You are simply scaling your expenses to your income, so when some shit happens eventually, you'll be fucked just like everyone else.

- 350k/year after taxes brainlet that lost 2k on crypto in the last 2 weeks

>> No.12428670

>>12423017
While i commend you trying to daily a supercar like that, youre going to hate it soon. Those cars arent built for comfort

>> No.12429252

>>12422903
Sure why the fuck not? But heres the thing, decide first, are you going to be one of those guys who buys it and then barely drives it because they fear that its going to devalue, or are you going to be one of those guys who actually drive it how it was created to be driven.

OR are you going to be one of those guys who just buys cars to collect them and never drive them.

If youre buying a huracan then you arent in the collectible category, and by the looks of it you want to drive it so first you have to figure our for yourself are you actually going to drive the fuck out of it how you are envisioning or are you going to be one of those guys who buys it, then realizes its worth a shit ton and then barely ever drive it and be constantly paranoid once you get it becuase you KNOW you are losing money every single day.

>> No.12429276

damn summer is early this year

>> No.12429349
File: 6 KB, 182x276, daveramsey.jpg [View same] [iqdb] [saucenao] [google]
12429349

>>12422903
Don't be so DAD GUM stupid.
Never invest more than half your income in something that depreciates 50%+ as soon as it rolls off the lot.
You FREAKING moron. GOSH DARN.

>> No.12429377

>>12425998
That motorcycle thing got me
You and your dad are such a pussies
Yolo dude, chill for once man

>> No.12429420

>>12422903
>mehhh income (basically the bottom of high earners)
>wants to waste it on a new car worth double his take home
>doesn't want to invest money
>doesn't want to buy used
>doesn't want to pay off all debt
>doesn't want to buy property
>goes to /biz
There is no way you make $250k a year,

>> No.12429422

>>12422903

A $300k house is better than a $300k car, obviously.

>> No.12429470

>>12422903
>Why shouldn't I do this?
Trick question, you SHOULD do this. That way when your employer gets bought out, and you get laid off, and your car breaks down in 3 months, you'll be living out of your lambo.

>> No.12429537
File: 61 KB, 500x404, 52525252.jpg [View same] [iqdb] [saucenao] [google]
12429537

>>12422903

>> No.12429575

>>12429349
>50% depreciation when you leave the lot
50% not even after 3 years.
The absolute state of poor biz brainlets.

>> No.12429583

>>12429537
What is wrong with his thumb?

>> No.12429589

>>12422903
Do it and finance through your local credit union. You can't take wealth to the grave.

>> No.12429621

>>12422903
You will never drive it properly unless you live near a track. Get an off-road rally car with a 500 HP engine,move to Utah and tear it up on desert roads in the middle of nowhere.

>> No.12429652

>>12423547
>%1
BAAHAHAHAHAHAHABA FUCKING JEW

>> No.12429787

>>12429377
My dad's the smart guy.

I've tried the YOLO thing a couple of times in my twenties. Got close to dying more than once and almost ended up with a record another time. Ain't trying to make life any harder than it could be.

I'm good with not living that life at 30 anymore. Had some friends who never did give it up. They just keep chasing that adrenaline high and want more and more. Some died before reaching 30 and others are well on their way.

https://m.huffpost.com/us/entry/us_1880348 - YOLO gone wrong.

>> No.12429796

>>12429377
That said, I tend to be high strung, so the chill out advice is good.

>> No.12430106

>>12422903
Nobody cares faggot. Why are you even here?