Hi,
I'm currently reading The Fastlane Millionaire and came across this forum so maybe you can help me.
Briefly about me:
I'm a programmer in mid-thirties working for a software company in Europe.
I live in my own apartment, own one other real estate for renting airbnb-style.
I have some savings for the next apartment for rent but not enough to buy it yet.
After-hours I am working on an app I am planning to launch myself in a couple of weeks / months.
Question:
My current car lease is coming to an end in a couple of months and I have to make a decision what to do next.
I currently drive a normal mid-size sedan, new with warranty til the end of the lease.
It costs 10% of my salary + annual insurance.
I lease the car for the time of warranty because I don't want to deal with mechanics or servicing it myself.
I am considering realizing my dream of owning and driving, at least for a few years with warranty, a 3-sec-to-60 sports car.
The sports car payment would take 20% of my salary + annual insurance.
I have no interest in traveling the world or any other expensive dreams or wishes.
I do not have a family to take care of, no debts.
Would you take the lease of the dream sports car or would you wait till I could pay cash for the whole thing or something ?
The other options are:
I'm currently reading The Fastlane Millionaire and came across this forum so maybe you can help me.
Briefly about me:
I'm a programmer in mid-thirties working for a software company in Europe.
I live in my own apartment, own one other real estate for renting airbnb-style.
I have some savings for the next apartment for rent but not enough to buy it yet.
After-hours I am working on an app I am planning to launch myself in a couple of weeks / months.
Question:
My current car lease is coming to an end in a couple of months and I have to make a decision what to do next.
I currently drive a normal mid-size sedan, new with warranty til the end of the lease.
It costs 10% of my salary + annual insurance.
I lease the car for the time of warranty because I don't want to deal with mechanics or servicing it myself.
I am considering realizing my dream of owning and driving, at least for a few years with warranty, a 3-sec-to-60 sports car.
The sports car payment would take 20% of my salary + annual insurance.
I have no interest in traveling the world or any other expensive dreams or wishes.
I do not have a family to take care of, no debts.
Would you take the lease of the dream sports car or would you wait till I could pay cash for the whole thing or something ?
The other options are:
- Taking a new lease for the more affordable model - like the one I have
- Buying out the current car I drive for 5.5 times my current salary and having to deal with servicing it at the dealer etc.
- ??
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