I'm thinking about buying a supercar anyone here done this and feedback?

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities
User avatar
Summit111
Posts: 233
Joined: Sun Mar 17, 2013 6:32 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by Summit111 » Sun Jun 09, 2019 8:34 pm

NASA will start selling trips to the ISS for $50 million...make a down payment then report back🤦‍♂️

Summit
“Got my mind on my money, and my money on my mind!” Snoop Dog

User avatar
whodidntante
Posts: 5606
Joined: Thu Jan 21, 2016 11:11 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by whodidntante » Sun Jun 09, 2019 8:52 pm

KandT wrote: ↑
Sun Jun 09, 2019 8:23 pm
I own a Tesla - Please don't spread rumors. What they are doing is good for us all. The constant negative narrative against one of the few companies that has a clear positive corporate mission statement is growing old.
I also like what Tesla is doing, but I don't consider it a good track car. At least I've never soon one at a road course. But I could be wrong. Take your Tesla out for a track day and see how it does. It's an hour and 40 minutes on the track at least around here, so you'll get to know its capabilities and issues at the limits well. It's fun to drive any decent car at the limits.

chessknt
Posts: 172
Joined: Wed Jul 13, 2016 3:15 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by chessknt » Sun Jun 09, 2019 9:06 pm

Most humblebrag post I've seen in some time. The equivalent cost of this car for op at his income level would be like someone making 120k/year asking if 3.5k was too much to spend on their dream car.

User avatar
corn18
Posts: 1457
Joined: Fri May 22, 2015 6:24 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by corn18 » Sun Jun 09, 2019 9:11 pm

chessknt wrote: ↑
Sun Jun 09, 2019 9:06 pm
Most humblebrag post I've seen in some time. The equivalent cost of this car for op at his income level would be like someone making 120k/year asking if 3.5k was too much to spend on their dream car.
That's not what the OP asked.
Don't do something, just stand there!

User avatar
mrspock
Posts: 401
Joined: Tue Feb 13, 2018 2:49 am
Location: Vulcan

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by mrspock » Sun Jun 09, 2019 9:27 pm

Time to move to 50/50, top threads are about 100% equities, buying super cars and buying multi-million dollar houses. :shock:

sambb
Posts: 2513
Joined: Sun Mar 10, 2013 3:31 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by sambb » Sun Jun 09, 2019 9:57 pm

whodidntante wrote: ↑
Sun Jun 09, 2019 8:52 pm
KandT wrote: ↑
Sun Jun 09, 2019 8:23 pm
I own a Tesla - Please don't spread rumors. What they are doing is good for us all. The constant negative narrative against one of the few companies that has a clear positive corporate mission statement is growing old.
I also like what Tesla is doing, but I don't consider it a good track car. At least I've never soon one at a road course. But I could be wrong. Take your Tesla out for a track day and see how it does. It's an hour and 40 minutes on the track at least around here, so you'll get to know its capabilities and issues at the limits well. It's fun to drive any decent car at the limits.
Tesla.. funny. Exotics are more than a 0-60 sprint. And teslas are not exotics at all, but are fast. But hope that company starts to work for the sake of innovation.

JackoC
Posts: 795
Joined: Sun Aug 12, 2018 11:14 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JackoC » Sun Jun 09, 2019 10:04 pm

visualguy wrote: ↑
Sun Jun 09, 2019 4:05 pm
JustinTime wrote: ↑
Sun Jun 09, 2019 12:24 pm
So, here's an interesting one that I want to see if any Bogleheads have ever been in a similar scenario and have purchased a supercar and more importantly do you think it has provided any value/happiness/fun in your life, and would you or have you done it again?
I did it 3 times. The fun on public roads is limited, and anything other than point A to point A needs to be carefully planned because you don't want to park such cars just anywhere. Once you drive them aggressively a few times, it becomes a "been there, done that" kind of thing. It was fun, but you don't necessarily feel like doing it again and again - getting up at dawn to go to mountain roads, or going to the race track gets old pretty quickly unless you are REALLY into it.

These cars are a pain to maintain, and it's hard and sometimes impossible to find anyone who can repair them correctly.

There's a lot of stress and anxiety that comes with owning these things even if money isn't an issue for you. Also, a big time sink.

My opinion and experience - not worth it. Temptation comes, you buy one, and then after a few months you are eager to sell it. You get it out of your system for a while, and then you get tempted again, and go through the cycle again because you forget what made you sell it last time. Kind of nuts - it's best to stay away from this temptation unless you truly love these things.
I haven't done it, but everything you said rings true as what I'm pretty sure my experience would be and why I've always let the temptation pass, so far. Different stage of life than OP, but a super car would also be quite affordable for us. That's not the issue. It's extrapolating in my mind from my experience with my most 'exotic' car to date, a BMW M2, v previous 'regular' BMW's. Took a 5k mi road trip recently, driving the car much more in two weeks than I have locally in a whole year I've had it (in potholed, congested, often bad weather NY area of NJ). Often drove aggressively on beautiful coastal and mountain roads. Car performed sublimely. Hard to see how I could wring a lot more enjoyment out of a higher performing car also considering a lot of the fun is wife's companionship (also hiking in national parks, the other big part of the trip). She always says 'have at it', but I can tell from her body language when it's getting to be a little much, with the M2 nowhere near letting go of the road. Maybe zipping around people on 2 lane roads, a faster straight line car would be more fun? (the M2 isn't slow but stacks up less well in the straight line dept than getting around curves where it's a fairly serious car). But on winding wide open public roads it's harder for me to see any car being significantly more fun within practical limits.

Then, I do worry a little even in a new BMW 100's of miles from a dealership (though zero problems so far). A McClaren in the absolute middle of nowhere in NV or UT? I don't know about that. And I've trained myself not to worry too much parking the M2 in normal places (and no one has messed with it, locally or on the trip), but again w/ a super car such worry might be more of a mental burden.

I've done some tracking in other BMW's but not this one. I guess the % of people taking even their new M cars (and comparable models of other manufacturers) and throwing then around hard on tracks is pretty small and I guess for super cars it might be even smaller. If I ever took the leap to a super car it would be another leap to run it really hard on a track when brand new.

srt7
Posts: 375
Joined: Mon Sep 29, 2014 12:19 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by srt7 » Sun Jun 09, 2019 10:17 pm

corn18 wrote: ↑
Sun Jun 09, 2019 7:53 pm
My advise, don't mess around and buy something you think is a compromise. Buy the best car (in your mind) the first time, even if that means a P1 or 918 or Veyron. Otherwise you will just keep buying cars until you have "the best" to see what the best is all about.
+1
I can't think of anything more luxurious than owning my time. - remomnyc

srt7
Posts: 375
Joined: Mon Sep 29, 2014 12:19 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by srt7 » Sun Jun 09, 2019 10:21 pm

OP - You want to park a $200,000 car in a Denver neighborhood where your house is worth $550,000? Or did I read something wrong?

$550K for a house in Denver isn't all that much and it might draw unnecessary attention.
I can't think of anything more luxurious than owning my time. - remomnyc

visualguy
Posts: 1375
Joined: Thu Jan 30, 2014 1:32 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by visualguy » Sun Jun 09, 2019 10:33 pm

srt7 wrote: ↑
Sun Jun 09, 2019 10:21 pm
OP - You want to park a $200,000 car in a Denver neighborhood where your house is worth $550,000? Or did I read something wrong?

$550K for a house in Denver isn't all that much and it might draw unnecessary attention.
Presumably OP has a garage. Which reminds me of the other problem with getting supercars - your start needing more garage space, so need to upgrade the house too!

aristotelian
Posts: 5804
Joined: Wed Jan 11, 2017 8:05 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by aristotelian » Sun Jun 09, 2019 10:41 pm

Personally I would rather donate to charity. Just a waste of wealth to indulge in pure luxury when the money could do good to people in need.

Anyway, 150K isn't close to a supercar. I would say 500k to 1M to get into supercar territory.

visualguy
Posts: 1375
Joined: Thu Jan 30, 2014 1:32 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by visualguy » Sun Jun 09, 2019 10:49 pm

aristotelian wrote: ↑
Sun Jun 09, 2019 10:41 pm
Personally I would rather donate to charity. Just a waste of wealth to indulge in pure luxury when the money could do good to people in need.

Anyway, 150K isn't close to a supercar. I would say 500k to 1M to get into supercar territory.
These products are made, sold, and maintained by people who rely on sales revenues. These items create work for people who make a living from them just like with any other goods. A waste is when the money isn't put back into the economy, but here it is put back.

NoGambleNoFuture
Posts: 290
Joined: Tue Feb 02, 2016 8:17 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by NoGambleNoFuture » Sun Jun 09, 2019 11:29 pm

OP - if you head out west check out Dream Racing in Vegas (dreamracing.com).

They have about 30 different super cars that you can race on the track - might be fun to get out there and test out a few of the cars. I know this isn’t a very “boglehead-ish” type thing to do but raced the new NSX and the 488 for 9 laps each last year and now I can’t wait to purchase a 488...

123
Posts: 4808
Joined: Fri Oct 12, 2012 3:55 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by 123 » Sun Jun 09, 2019 11:42 pm

Situations with a twenty-seven year old and an expensive powerful car often don't end well. If you spouse doesn't object she may already see the writing on the wall and is planning ahead for her next boyfriend/husband.
The closest helping hand is at the end of your own arm.

Wannaretireearly
Posts: 706
Joined: Wed Mar 31, 2010 4:39 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by Wannaretireearly » Sun Jun 09, 2019 11:49 pm

Congrats. In your spot I'd be tempted to hire/lease or use one these supercar rental services.
Try this for a year or two. Drive something different, dont need to worry much about long term costs/headaches. Life is short.
Now if you have Leno money....;) game changes!

Good luck. As a non car guy, try it out. Rent something for a month. See how ya like it
Buy Low, Sell High

SoAnyway
Posts: 394
Joined: Tue Jul 31, 2018 11:49 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by SoAnyway » Mon Jun 10, 2019 12:05 am

chessknt wrote: ↑
Sun Jun 09, 2019 9:06 pm
Most humblebrag post I've seen in some time. The equivalent cost of this car for op at his income level would be like someone making 120k/year asking if 3.5k was too much to spend on their dream car.
Hahaha.
1. OP, if you and your post are "for real", buy whatever you want and enjoy it!
[off-topic comment removed by moderator prudent]
Nothing in this post constitutes legal or medical advice. | Consult your attorney or physician to verify if/how anything stated might or might not be applicable to your specific situation.

hansatsu
Posts: 12
Joined: Wed May 01, 2019 2:41 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by hansatsu » Mon Jun 10, 2019 12:45 am

Bought a 2018 NSX and no regrets at all. The hybrid powertrain is a rocket ship, yet the car is comfortable enough to daily drive. Much cheaper to service & maintain compared to similar class of cars, and rare enough to be a head turner on the streets. Highly recommend you test drive a NSX at a nearby Acura showroom (call around as not all of them have one in stock) before making the decision.

dekecarver
Posts: 342
Joined: Mon Feb 22, 2010 10:24 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by dekecarver » Mon Jun 10, 2019 5:20 am

Just remember with a rear wheeled high performance sports car, unless you know what you are doing, the arse end can be going forward in the blink of an eye and that isn't fun or good.

Also, as I was talking with a Posche owner about my interest, Porsche 911s, he asked "is your marriage strong, because the attention the car is gonna bring you will test your marriage?" I laughed, then he told me his P cars had lasted longer than his 3 marriages. :shock:

Have fun with your new interest.

User avatar
Topic Author
JustinTime
Posts: 490
Joined: Wed Jul 01, 2015 6:52 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JustinTime » Mon Jun 10, 2019 6:12 am

Thanks for the feedback!

Guilt? If you earned your money legally, more power to you. Perhaps your company employs people. You sure as heck are going to pay some taxes. And, besides, no one knows (or should know, IMHO) of the charities you might support now or later.

;) Yes, I do pay a lot of taxes! Outside side our 401ks, employee payroll, and charitable contributions that's about the only deductions I can take since it's a pretty low overhead business which is good I suppose.
Broken Man 1999 wrote: ↑
Sun Jun 09, 2019 4:58 pm
I would just throw caution to the wind and go to the nearest Toyota dealer, and buy the Camry with the absolute most bells and whistles! :D

I wouldn't be surprised if someone doesn't suggest a 2-3 year old Camry. :oops:

But seriously, at your income level, you aren't even close to being in the danger zone for a fun ride.

Congrats on your good fortune via your business.

What people on this site fail to realize is your high car spending, though not necessarily required, pumps the economy and keeps people working.

A painter loves rich people, poor people don't hire painters (and neither do some rich people). Poor people aren't keeping the lights on and the wrench-pullers busy at upscale car dealerships.

Guilt? If you earned your money legally, more power to you. Perhaps your company employs people. You sure as heck are going to pay some taxes. And, besides, no one knows (or should know, IMHO) of the charities you might support now or later.

Don't be dissuaded by guilt-trips others want to lay on you.

Maybe you could start smaller and buy a MB AMG and keep my BIL pulling wrenches!

Broken Man 1999

User avatar
Topic Author
JustinTime
Posts: 490
Joined: Wed Jul 01, 2015 6:52 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JustinTime » Mon Jun 10, 2019 6:14 am

Good point, I could definitely feel the power and how dangerous these cars could be on the couple test drives. I think it's something I would respect and would certainly take some classes around proper driving as mentioned.
123 wrote: ↑
Sun Jun 09, 2019 11:42 pm
Situations with a twenty-seven year old and an expensive powerful car often don't end well. If you spouse doesn't object she may already see the writing on the wall and is planning ahead for her next boyfriend/husband.

User avatar
hand
Posts: 1296
Joined: Sun May 17, 2009 8:42 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by hand » Mon Jun 10, 2019 6:49 am

Recognize that there's a difference between the driving experience and the ownership experience.

While the cars are beautiful, and can be lots of fun (with the right weather, open road / track) buying necessitates that you deal with the realities of ownership with purchase probably cost being the least important component (if you couldn’t afford, hopefully you wouldn’t buy in the first place):

What are the maintenance requirements (standard service, repair, as well as simply keeping looking good).

Do you care about residual / collector value of the car? If so, prepare to spend a lot of time thinking about where / when / how you drive.

Do you care what your neighbors, business partners, domestic staff think about you? All will have opininons…

Strayshot
Posts: 563
Joined: Thu Mar 05, 2015 8:04 am
Location: New Mexico

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by Strayshot » Mon Jun 10, 2019 7:14 am

Don’t pull a Paul Walker!

Someone earlier commented that you should start at the top. I disagree. I would find something with mainstream dealer (and parts) support but still a sports car, maybe an Acura NSX or an Audi R8 or a Nissan GTR. Buy new and under warranty, beat it up learning to drive, and be completely unafraid to take it to the movies or the store and park near other cars.

If you really end up with the bug, you will have more than one car anyways because each will have its own appeal. If you don’t end up with the bug, you will really enjoy any of the cars I mentioned above which each have their individual merits and when you decide track days are too much time and energy you will still enjoy taking it to the store or out for a road trip.

That’s my .02. Exotics are a hassle all their own for maintenance and other stuff. An acquaintance is an specialist surgeon and makes bank, he has several “exotics” mostly because at least one is in the shop at any given time and the repairs take forever (hit a tumbleweed? Good freaking luck getting that bumper repaired in under 2 months).

azanon
Posts: 2462
Joined: Mon Nov 07, 2011 10:34 am
Location: Little Rock, AR
Contact:

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by azanon » Mon Jun 10, 2019 7:20 am

If i were as wealthy as you or higher, I think I'd pick something on the higher end of luxury sports car, but something that wouldn't draw excessive amounts of attention. My dream car (at any price) would be an Audi TTRS (then I'd tune it with Unitronic). So in other words, I wouldn't get the Audi R8 since that's Audi's "supercar". I'd want something I'd feel comfortable owning, and comfortable driving most places. I guess I put safety pretty high up there too.

I currently own a GTI tuned stage 2+ (so it has the Golf R turbo). Honestly, even its power scares me, and I know I can smoke 99+% of what I drive past.

bgf
Posts: 959
Joined: Fri Nov 10, 2017 9:35 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by bgf » Mon Jun 10, 2019 7:26 am

this has been a serious question i've had ever since i heard cadillac has their own rental/lease program where you can get a car delivered to your door and pick any car in the lineup for a monthly fee of like $1000-1500.

i know there is turo where you can rent an exotic car, and i wonder if there is another more high end service? anyway, instead of spending several million on an exotic car, insuring it, dealing with maintenance on it every couple months, etc. what is wrong with using one of these services? why would OP not use one? is it the lack of status? or in fact, the exact opposite message that you would want to send, ie, clearly i CANNOT afford one of these which is why im renting?

it just seems like the most efficient use of resources if you are only going to drive it twice a month to just rent something...
“TE OCCIDERE POSSUNT SED TE EDERE NON POSSUNT NEFAS EST"

alfaspider
Posts: 1990
Joined: Wed Sep 09, 2015 4:44 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by alfaspider » Mon Jun 10, 2019 7:32 am

Jack FFR1846 wrote: ↑
Sun Jun 09, 2019 1:25 pm
JustinTime wrote: ↑
Sun Jun 09, 2019 1:16 pm
And yes, the model S and future roadster looks very interesting since they and hang with and the roadster will dominate even the best of traditional supercars.
......for one lap, then the motor overheats and puts the car into limp mode....
This is a problem unique to the Model S, which uses an induction motor instead of a permanent magnet motor. The Model 3 uses a permanent magnet motor, which has no issues with heat. They've also announced that the Model S will be updated with permanent magnet motors for next year. It is true that the Model 3 performance only gets a limited number of laps before the power output is limited somewhat, but it's far from limp mode and reported as being still very enjoyable. The new Roadster is very likely to further improve the thermal management (and also has double the range).

Of course, I would never recommend a Tesla as a track car in 2019 (who knows what the future brings), but some of the critiques from a performance driving standpoint are a bit dated.

Bacchus01
Posts: 2887
Joined: Mon Dec 24, 2012 9:35 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by Bacchus01 » Mon Jun 10, 2019 7:36 am

Buy whatever you want.

As for whether you are worried about it as a cost, there are choices to be made. For example, buying a current Ford GT is likely to depreciate some. Buying a mid-2000's Ford GT (the better looking car, IMHO) will likely not depreciate at all.

alfaspider
Posts: 1990
Joined: Wed Sep 09, 2015 4:44 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by alfaspider » Mon Jun 10, 2019 7:57 am

Bacchus01 wrote: ↑
Mon Jun 10, 2019 7:36 am
Buy whatever you want.

As for whether you are worried about it as a cost, there are choices to be made. For example, buying a current Ford GT is likely to depreciate some. Buying a mid-2000's Ford GT (the better looking car, IMHO) will likely not depreciate at all.
Depends what you are looking for- a collector car or something to drive fast. A new GT350 would be quicker than an old GT for less than 1/4 the price.

researcher
Posts: 979
Joined: Thu Mar 12, 2015 7:05 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by researcher » Mon Jun 10, 2019 8:18 am

alfaspider wrote: ↑
Mon Jun 10, 2019 7:57 am
A new GT350 would be quicker than an old GT for less than 1/4 the price.
In what way is a new Ford Mustang GT 350 "quicker" than a first gen Ford GT?

It is certainly not quicker in any way based on the performance metrics I've seen.

itsgot8
Posts: 129
Joined: Thu Dec 14, 2017 11:20 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by itsgot8 » Mon Jun 10, 2019 8:33 am

Strayshot wrote: ↑
Mon Jun 10, 2019 7:14 am
Don’t pull a Paul Walker!

What an ignorant statement. Paul was a passenger.

Also, I second the recommendation to go to Dream Racing and try out their exotics to see which ones provide you with the most satisfying driving experience.

User avatar
Topic Author
JustinTime
Posts: 490
Joined: Wed Jul 01, 2015 6:52 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JustinTime » Mon Jun 10, 2019 8:38 am

Thanks for the info! Cool, to hear someone with an NSX on the forum! I'm definitely going to check out the NSX. I think it could make a lot of sense with how much the pricing has dropped. It's 200k new and yet a 2017 <6k at a local dealer for 140k. I'm going to go test drive this one that is relatively close to me https://www.milehighacura.com/inventory ... 09hy000934. I think they look awesome, but probably wouldn't get as much attention as saw a Ferrari or Lambo which is something I would prefer. Do you get many questions when you go out or can you slip under the radar pretty easily?

I really like that it's AWD vs. the McLaren's I've test drove so far.
hansatsu wrote: ↑
Mon Jun 10, 2019 12:45 am
Bought a 2018 NSX and no regrets at all. The hybrid powertrain is a rocket ship, yet the car is comfortable enough to daily drive. Much cheaper to service & maintain compared to similar class of cars, and rare enough to be a head turner on the streets. Highly recommend you test drive a NSX at a nearby Acura showroom (call around as not all of them have one in stock) before making the decision.

User avatar
Topic Author
JustinTime
Posts: 490
Joined: Wed Jul 01, 2015 6:52 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JustinTime » Mon Jun 10, 2019 8:41 am

Do you care about residual / collector value of the car? If so, prepare to spend a lot of time thinking about where / when / how you drive.

No, I would go into it knowing this is just for fun and not a smart financial decision. I expect I would put a lot of miles on the car so I wouldn't be in it to never drive and try to retain value.

Do you care what your neighbors, business partners, domestic staff think about you? All will have opininons…

Negative :D
hand wrote: ↑
Mon Jun 10, 2019 6:49 am
Recognize that there's a difference between the driving experience and the ownership experience.

While the cars are beautiful, and can be lots of fun (with the right weather, open road / track) buying necessitates that you deal with the realities of ownership with purchase probably cost being the least important component (if you couldn’t afford, hopefully you wouldn’t buy in the first place):

What are the maintenance requirements (standard service, repair, as well as simply keeping looking good).

Do you care about residual / collector value of the car? If so, prepare to spend a lot of time thinking about where / when / how you drive.

Do you care what your neighbors, business partners, domestic staff think about you? All will have opininons…

alfaspider
Posts: 1990
Joined: Wed Sep 09, 2015 4:44 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by alfaspider » Mon Jun 10, 2019 8:42 am

researcher wrote: ↑
Mon Jun 10, 2019 8:18 am
alfaspider wrote: ↑
Mon Jun 10, 2019 7:57 am
A new GT350 would be quicker than an old GT for less than 1/4 the price.
In what way is a new Ford Mustang GT 350 "quicker" than a first gen Ford GT?

It is certainly not quicker in any way based on the performance metrics I've seen.
Lap times.

GT350R did a 7:32 around the Nurburgring. Ford GT 7:52.

https://nurburgringlaptimes.com/lap-times-top-100/

Similar stories on other tracks.

LFS1234
Posts: 95
Joined: Fri Feb 08, 2019 4:13 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by LFS1234 » Mon Jun 10, 2019 8:44 am

One more vote here for going ahead, since you easily can afford it. Either you will find that it doesn't provide enough pleasure for the money and you will get it out of your system, or you will join the small group of people who come to the opposite conclusion and become committed to the hobby. Either would be a good outcome. If you're going to have a vice, cars are cheaper than boats or airplanes.

I've owned a couple of cars one notch below supercars. They don't get much use, for reasons mentioned upthread. If you own (and can comfortably fit in) a Miata or S2000, you can have a lot of fun on public roads because there are opportunities to drive them close to their potential without breaking traffic laws or posing a danger to others. If you have a car that does 0-60 in three seconds, this is just not possible - you're basically idling 90% of the time. Other than on a racetrack, I get a lot more pleasure driving a well-designed 7-second car than a 3-second car. Modern supercars just aren't much fun to drive on public roads, in my opinion.

Bear in mind that many of the classic Porsches and Ferraris from the 60's and 70's essentially were 7-second cars, if even that. The current crop of extremely fast cars are a recent phenomenon.
visualguy wrote: ↑
Sun Jun 09, 2019 10:49 pm

These products are made, sold, and maintained by people who rely on sales revenues. These items create work for people who make a living from them just like with any other goods. A waste is when the money isn't put back into the economy, but here it is put back.
I would add to this that many of these cars are also art, and that the people driving them (responsibly) on public roads are providing the rest of us with a free art exhibit. This holds also for those who maintain and drive classic cars of all types.

While wandering around Copenhagen a few years ago, I heard a strange sound and turned around to see three septuagenarians, complete with leather racing caps and goggles, driving their 90-year old Bugattis through the city streets. It was a fantastic sight, much more memorable than the (very good) museums I visited on the same trip.

User avatar
Topic Author
JustinTime
Posts: 490
Joined: Wed Jul 01, 2015 6:52 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JustinTime » Mon Jun 10, 2019 8:45 am

Someone earlier commented that you should start at the top. I disagree. I would find something with mainstream dealer (and parts) support but still a sports car, maybe an Acura NSX or an Audi R8 or a Nissan GTR.

Scheduled a test drive with an NSX this week. It looks like a really cool car and should be much more practical and even has an EV mode. R8 is definitely on the list to test as well. I currently have an S4 and have liked Audi and the service centers I have locally.

Buy new and under warranty, beat it up learning to drive, and be completely unafraid to take it to the movies or the store and park near other cars.

Couldn't agree more with this. It would be something I would plan to drive a lot maybe not at the daily driver level but certainly not just a weekend car.
Strayshot wrote: ↑
Mon Jun 10, 2019 7:14 am
Don’t pull a Paul Walker!

Someone earlier commented that you should start at the top. I disagree. I would find something with mainstream dealer (and parts) support but still a sports car, maybe an Acura NSX or an Audi R8 or a Nissan GTR. Buy new and under warranty, beat it up learning to drive, and be completely unafraid to take it to the movies or the store and park near other cars.

If you really end up with the bug, you will have more than one car anyways because each will have its own appeal. If you don’t end up with the bug, you will really enjoy any of the cars I mentioned above which each have their individual merits and when you decide track days are too much time and energy you will still enjoy taking it to the store or out for a road trip.

That’s my .02. Exotics are a hassle all their own for maintenance and other stuff. An acquaintance is an specialist surgeon and makes bank, he has several “exotics” mostly because at least one is in the shop at any given time and the repairs take forever (hit a tumbleweed? Good freaking luck getting that bumper repaired in under 2 months).

azanon
Posts: 2462
Joined: Mon Nov 07, 2011 10:34 am
Location: Little Rock, AR
Contact:

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by azanon » Mon Jun 10, 2019 8:47 am

JustinTime wrote: ↑
Mon Jun 10, 2019 8:38 am
Thanks for the info! Cool, to hear someone with an NSX on the forum! I'm definitely going to check out the NSX. I think it could make a lot of sense with how much the pricing has dropped. It's 200k new and yet a 2017 <6k at a local dealer for 140k. I'm going to go test drive this one that is relatively close to me https://www.milehighacura.com/inventory ... 09hy000934. I think they look awesome, but probably wouldn't get as much attention as saw a Ferrari or Lambo which is something I would prefer. Do you get many questions when you go out or can you slip under the radar pretty easily?

I really like that it's AWD vs. the McLaren's I've test drove so far.
hansatsu wrote: ↑
Mon Jun 10, 2019 12:45 am
Bought a 2018 NSX and no regrets at all. The hybrid powertrain is a rocket ship, yet the car is comfortable enough to daily drive. Much cheaper to service & maintain compared to similar class of cars, and rare enough to be a head turner on the streets. Highly recommend you test drive a NSX at a nearby Acura showroom (call around as not all of them have one in stock) before making the decision.
Now this is more of a used vs. new question. Guess everyone's different, but whatever i did decide on buying, i'd most certainly be new. "New" NSX's supposedly start at 157,500 (according to the front page of Acura's website), so I'd just pick/order the exact color i wanted with exact options I wanted, if that's the one you want.

Oh, and I'd love that NSX too (over TTRS), from just the car perspective. But that's definitely a supercar though so you'd have to be more cautious about where you take it so... its all a tradeoff.

User avatar
Topic Author
JustinTime
Posts: 490
Joined: Wed Jul 01, 2015 6:52 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JustinTime » Mon Jun 10, 2019 8:48 am

Yup, I don't really have any desire to upgrade our house at this point. If we do in the near future, it would mainly be to get a place with more land and maybe some horse stables.
srt7 wrote: ↑
Sun Jun 09, 2019 10:21 pm
OP - You want to park a $200,000 car in a Denver neighborhood where your house is worth $550,000? Or did I read something wrong?

$550K for a house in Denver isn't all that much and it might draw unnecessary attention.

User avatar
Topic Author
JustinTime
Posts: 490
Joined: Wed Jul 01, 2015 6:52 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JustinTime » Mon Jun 10, 2019 8:51 am

That is awesome!
LFS1234 wrote: ↑
Mon Jun 10, 2019 8:44 am
While wandering around Copenhagen a few years ago, I heard a strange sound and turned around to see three septuagenarians, complete with leather racing caps and goggles, driving their 90-year old Bugattis through the city streets. It was a fantastic sight, much more memorable than the (very good) museums I visited on the same trip.

typical.investor
Posts: 931
Joined: Mon Jun 11, 2018 3:17 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by typical.investor » Mon Jun 10, 2019 8:52 am

JustinTime wrote: ↑
Sun Jun 09, 2019 12:24 pm
Hey Everyone,

A little background. I'm married, and 27.
Thanks
What does the spouse get?

Is the assumption that the spouse wants a supercar too?

Will the spouse worry about you getting carried away?

Just asking ....

User avatar
Topic Author
JustinTime
Posts: 490
Joined: Wed Jul 01, 2015 6:52 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JustinTime » Mon Jun 10, 2019 8:54 am

Interesting, there's one at a local dealer listed for 200k. I suppose it had a lot of upgrades though, but it sounds like new NSX's may be worth checking out.
azanon wrote: ↑
Mon Jun 10, 2019 8:47 am
Now this is more of a used vs. new question. Guess everyone's different, but whatever i did decide on buying, i'd most certainly be new. "New" NSX's supposedly start at 157,500 (according to the front page of Acura's website), so I'd just pick/order the exact color i wanted with exact options I wanted, if that's the one you want.

User avatar
Topic Author
JustinTime
Posts: 490
Joined: Wed Jul 01, 2015 6:52 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JustinTime » Mon Jun 10, 2019 8:56 am

She's into horses, so that's her expensive hobby ;)
typical.investor wrote: ↑
Mon Jun 10, 2019 8:52 am
What does the spouse get?

Is the assumption that the spouse wants a supercar too?

Will the spouse worry about you getting carried away?

Just asking ....

azanon
Posts: 2462
Joined: Mon Nov 07, 2011 10:34 am
Location: Little Rock, AR
Contact:

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by azanon » Mon Jun 10, 2019 8:57 am

JustinTime wrote: ↑
Mon Jun 10, 2019 8:54 am
Interesting, there's one at a local dealer listed for 200k. I suppose it had a lot of upgrades though, but it sounds like new NSX's may be worth checking out.
azanon wrote: ↑
Mon Jun 10, 2019 8:47 am
Now this is more of a used vs. new question. Guess everyone's different, but whatever i did decide on buying, i'd most certainly be new. "New" NSX's supposedly start at 157,500 (according to the front page of Acura's website), so I'd just pick/order the exact color i wanted with exact options I wanted, if that's the one you want.
Yeah if you're dropping that kind of coin, I'd sit down an order that badboy just like i wanted it. Make them do a little work.... :)

typical.investor
Posts: 931
Joined: Mon Jun 11, 2018 3:17 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by typical.investor » Mon Jun 10, 2019 8:58 am

JustinTime wrote: ↑
Mon Jun 10, 2019 8:56 am
She's into horses, so that's her expensive hobby ;)
typical.investor wrote: ↑
Mon Jun 10, 2019 8:52 am
What does the spouse get?

Is the assumption that the spouse wants a supercar too?

Will the spouse worry about you getting carried away?

Just asking ....
Aaah, horsepower.

Ok I see the attraction.

User avatar
Topic Author
JustinTime
Posts: 490
Joined: Wed Jul 01, 2015 6:52 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JustinTime » Mon Jun 10, 2019 9:00 am

Haha, nice play on words!
typical.investor wrote: ↑
Mon Jun 10, 2019 8:58 am
JustinTime wrote: ↑
Mon Jun 10, 2019 8:56 am
She's into horses, so that's her expensive hobby ;)
typical.investor wrote: ↑
Mon Jun 10, 2019 8:52 am
What does the spouse get?

Is the assumption that the spouse wants a supercar too?

Will the spouse worry about you getting carried away?

Just asking ....
Aaah, horsepower.

Ok I see the attraction.

chicagoan23
Posts: 347
Joined: Thu Jan 29, 2015 4:34 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by chicagoan23 » Mon Jun 10, 2019 9:00 am

srt7 wrote: ↑
Sun Jun 09, 2019 10:21 pm
OP - You want to park a $200,000 car in a Denver neighborhood where your house is worth $550,000? Or did I read something wrong?

$550K for a house in Denver isn't all that much and it might draw unnecessary attention.
This seems like the right answer.

If you make $5 million a year you can afford literally any car being sold including Bugatti, so your question, rightfully, was whether others found the exotic car purchase to increase their happiness.

If you don’t care at all about what your peers or neighbors think, then I would buy the car; or even buy two or three and keep them in a car condo. Enjoy the heck out of them.

If you do care about their opinions in assessing how it would affect your life (the happiness question) then you will want to carefully consider your social circle. Are your friends or peers driving similar cars? Do you see similar cars in your neighborhood? What would those social groups think if you suddenly pulled up in that car? Would you care what they think? Fair or not, those questions are relevant to determining your post-purchase happiness.

Also, while you are obviously doing great you seem to be a few notches behind from the conspicuous consumption standpoint given your income. Assuming you live in a high rise now, do you want to upgrade the house first? Maybe a $3 million penthouse? Then after a few years, add a chalet somewhere for the weekends? Then a vacation house on the beach? A $200k car “fits” better in those locales than a $550k house/apartment.

Unfortunately, conspicuous wealth comes with a social cost. Only you can assess what that cost will be. If you keep making that type of money and are looking at a $20 million net worth in 5 years, with the lifestyle to match, then no one will bat an eyelash at a super car purchase. Before then, however, you may see some relationships change. That may be OK but I suggest you consider that aspect of the purchase too. Good luck!

JackoC
Posts: 795
Joined: Sun Aug 12, 2018 11:14 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JackoC » Mon Jun 10, 2019 9:00 am

visualguy wrote: ↑
Sun Jun 09, 2019 10:49 pm
aristotelian wrote: ↑
Sun Jun 09, 2019 10:41 pm
Personally I would rather donate to charity. Just a waste of wealth to indulge in pure luxury when the money could do good to people in need.

Anyway, 150K isn't close to a supercar. I would say 500k to 1M to get into supercar territory.
These products are made, sold, and maintained by people who rely on sales revenues. These items create work for people who make a living from them just like with any other goods. A waste is when the money isn't put back into the economy, but here it is put back.
I agree at least that in the sense that a supposed hierarchy of socially 'useful' or not 'useful' consumption spending, or even non-spending, is itself a socio-political construct with little if any economic validity. Even if you 'let money sit there' as in a money market mutual fund account, that's lending money to other people to conduct economic activity. There's hardly any real case where money you earn is not 'put back into the economy'.

The valid distinction is between spending or investing money for your own benefit, your own consumption now (spending) or later (investing), vs. giving money away. But as OP politely pointed out, we don't know what portion of the very high income (even compared to the price of exotic cars) is already going to charity. For wife's and my spending we tend to target a certain % for charity. If we increase our level of consumption spending we increase our charitable giving commensurately. If I were ever to ask 'can I afford it?' about something on an internet forum (though I doubt I ever would, and technically OP might say isn't either but kind of is suggesting that question by giving income and assets), it would be beside the point to suggest I spend the money on charity instead. We've already decided what we want to spend on charity v selves/family.

User avatar
corn18
Posts: 1457
Joined: Fri May 22, 2015 6:24 am

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by corn18 » Mon Jun 10, 2019 9:02 am

JustinTime wrote: ↑
Mon Jun 10, 2019 8:56 am
She's into horses, so that's her expensive hobby ;)
typical.investor wrote: ↑
Mon Jun 10, 2019 8:52 am
What does the spouse get?

Is the assumption that the spouse wants a supercar too?

Will the spouse worry about you getting carried away?

Just asking ....
I concur, horses are way more expensive than supercars.
Don't do something, just stand there!

User avatar
Topic Author
JustinTime
Posts: 490
Joined: Wed Jul 01, 2015 6:52 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by JustinTime » Mon Jun 10, 2019 9:04 am

Yeah, this was really my main interest in the fun/happiness/experiences for those who had fun cars. It's less about the money because clearly, the math works out just fine at this point. I'm getting a lot of valuable answers as well, and I'm a little surprised how many of us Bogleheads have pretty awesome cars :D
chicagoan23 wrote: ↑
Mon Jun 10, 2019 9:00 am
If you make $5 million a year you can afford literally any car being sold including Bugatti, so your question, rightfully, was whether others found the exotic car purchase to increase their happiness.
No high rise, it's a modest home in a suburb that work's well for us right now. We might look at a house in the future, but the main interest there would probably be to have a bit more land and maybe some stables.
chicagoan23 wrote: ↑
Mon Jun 10, 2019 9:00 am
Also, while you are obviously doing great you seem to be a few notches behind from the conspicuous consumption standpoint given your income. Assuming you live in a high rise now, do you want to upgrade the house first? Maybe a $3 million penthouse? Then after a few years, add a chalet somewhere for the weekends? Then a vacation house on the beach? A $200k car “fits” better in those locales than a $550k house/apartment.
Last edited by JustinTime on Mon Jun 10, 2019 9:09 am, edited 3 times in total.

User avatar
William4u
Posts: 1353
Joined: Fri Jun 01, 2012 3:02 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by William4u » Mon Jun 10, 2019 9:05 am

Bfwolf wrote: ↑
Sun Jun 09, 2019 1:00 pm
I'm going to do something awful and uncalled for and completely unfair and guilt trip you.

You can afford this. But are you sure that this $175K will bring you more pleasure than trying to help other people with that money?

Even in the USA, you could help someone with $175K. And if you were to go outside the USA, you could potentially make a huge difference on a bunch of people's lives.

As in: you could probably save a bunch of people from dying of malaria. https://www.givewell.org/charities/amf

Or: prevent an even bigger group of people from getting intestinal worms that don't kill but lead to poor life outcomes. https://www.givewell.org/charities/Schi ... Initiative

Or: you could finance the education of some of the smartest, poorest kids in Tanzania who will go on to become engineers and doctors because of you rather than living in poverty because they never got a real education. https://www.youtube.com/watch?v=pYZqkTPmXQE&t=5s

This isn't what you asked about, and what I'm saying is 100% completely unfair. The logical conclusion of this argument is we should all be living bare-bones lives so we can help the less fortunate. And I know *I* am not willing to do that, so I am the pot calling the kettle black. BUT, I think when we're talking about super-cars, it really raises the question whether this kind of consumption is really going to make you happy enough to be worth the trade-off. Can't you buy a season pass to Six Flags instead? :)
Matt Wage, a Princeton grad and Peter Singer student, did this and estimated that he would save thousands of lives using the best data available. He works for Wall Street and gives his money to the most effective charities on earth.

Wage compared it to how he would feel if he ran into a burning building and saved ten peoples lives. It would feel great, and would be a great legacy. But he is saving far more than that!

https://www.coursera.org/lecture/altrui ... tice-cf31a
https://www.nytimes.com/2015/04/05/opin ... s-pay.html

User avatar
fire5soon
Posts: 567
Joined: Tue Feb 20, 2007 3:07 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by fire5soon » Mon Jun 10, 2019 9:07 am

I am a car guy. If it were me I would buy a relatively inexpensive car that has a large parts aftermarket, build it up, drive the **** out of it, break it, fix it, repeat. Half the fun is learning how the vehicle works and wrenching on it. I'd be so scared that I'd just scratch a supercar that I'd have a difficult time enjoying it for what it's meant to be enjoyed for. That's just me though. Good luck and have fun!
A man is a success if he gets up in the morning and gets to bed at night, and in between he does what he wants to do. - Bob Dylan

researcher
Posts: 979
Joined: Thu Mar 12, 2015 7:05 pm

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Post by researcher » Mon Jun 10, 2019 9:14 am

alfaspider wrote: ↑
Mon Jun 10, 2019 8:42 am
A new GT350 would be quicker than an old GT for less than 1/4 the price.

Lap times.
GT350R did a 7:32 around the Nurburgring. Ford GT 7:52.
That makes a bit more sense if you're talking about the GT350R instead of the GT350 mentioned in your initial post.

Post Reply