Hey guys,
interested in hearing your opinion, particularly from guys who own or have owned exotic cars in the past.
What is a good rule of thumb when buying your first super car? Should you lease, finance or just pay in cash? Obviously MJ and some other guys who I follow say that you should only buy an exotic car if you can actually afford it. There's a lot of conflict with "affordability" from these guys. One said, if you can buy 10 of them in cash, then you can afford one. While another said that 20-25% of your cash flow should go into your fun fund and if the price fits within that percentage, then go for it.
I think it makes a lot more sense to lease a regular car, like a brand new Mercedes-Benz, BMW or Audi as these drop in value a lot when driving and getting some miles on them. Especially the new R8, so it would make more sense to lease a brand new one. Or just buy a used model from 2015-2019 that's got a high mileage because they've already lost a lot of value afterwards.
Ferraris and Lamborghinis on the other hand, hold their values extremely well. McLarens not so much, but they're still awesome cars. Some Porsches do it too, like the 911 Turbo or GT3. For context, I'm looking for either the Lamborghini Huracan or the Audi R8 V10(post 2015 models).
Or should you make so much money that the price becomes irrelevant?
interested in hearing your opinion, particularly from guys who own or have owned exotic cars in the past.
What is a good rule of thumb when buying your first super car? Should you lease, finance or just pay in cash? Obviously MJ and some other guys who I follow say that you should only buy an exotic car if you can actually afford it. There's a lot of conflict with "affordability" from these guys. One said, if you can buy 10 of them in cash, then you can afford one. While another said that 20-25% of your cash flow should go into your fun fund and if the price fits within that percentage, then go for it.
I think it makes a lot more sense to lease a regular car, like a brand new Mercedes-Benz, BMW or Audi as these drop in value a lot when driving and getting some miles on them. Especially the new R8, so it would make more sense to lease a brand new one. Or just buy a used model from 2015-2019 that's got a high mileage because they've already lost a lot of value afterwards.
Ferraris and Lamborghinis on the other hand, hold their values extremely well. McLarens not so much, but they're still awesome cars. Some Porsches do it too, like the 911 Turbo or GT3. For context, I'm looking for either the Lamborghini Huracan or the Audi R8 V10(post 2015 models).
Or should you make so much money that the price becomes irrelevant?
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.