Supercar owners of blind

Uber / Eng a9r0fm
May 2, 2018 24 Comments

Update: I'm a mechanic, also I like cars a lot

Is anyone here a supercar owner (Ferrari, Lambo, Aston, Bentley, RR, r8, i8, NOT Tesla)? How much do u make?
I'm asking because my friend has a used Ferrari that he can sell me for about the price of a nice bimmer. And even though I can definitely afford it I don't think I deserve to, unless there are other owners of supercars that also aren't millionaires.
The plan is to fix it up and sell it for a profit once its value starts going up again in a few years

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TOP 24 Comments
  • Duke Energy / Other
    DukeNukem

    Duke Energy Other

    PRE
    Microsoft
    DukeNukemmore
    I’m a millionaire (not multi) and drive a 25 year old beat up truck. However, if given an opportunity to get a good deal on a cool car, I would consider it. In the end, I expect I’d decide that getting to millionaire took sacrifice and buying a toy like that is not how I got there or how I retire young. I’m currently 45 and tracking to retire comfortably at 57. I hope to move that number to 55. A Ferrari won’t get me there.
    May 2, 2018 2
    • Twitter tKcD74
      Love it . I am multi millionaire and used drive Corolla
      May 2, 2018
    • VMware lounau
      O, we're opposites. I am multi hundred (not single) and drive a 25 hour old ferarri. Planning to retire uncomfortably at age 570.
      May 2, 2018
  • Sirius XM Jd0swKf
    Be sure to spend some time understanding how much it will cost to fix it up before buying... maintenance costs can be enormous. Just because you can afford to buy it doesn’t mean you can necessarily afford to own it.
    May 2, 2018 0
  • Live it up a little. I have millions but I regret not spending more when I was younger. You can always make more money but you wouldn’t get that time back.
    Go get that f430.
    May 2, 2018 0
  • Apple John!
    Don’t do it. Invest it and retire early.
    May 2, 2018 0
  • Microsoft IhsL73
    Something I was told about owning a supercar is that even though it may be used/old, the spare parts and specialized labor needed to repair them are still for a 100k+ car. So, it’s not the cost of the car that’s the issue, it’s the maintenance. Example: a Lamborghini’s clutch is an 8k replacement, and the don’t last much longer than 60k miles.

    It’s not how much you earn or have - if you want and can afford the car and will get enjoyment out of it, go for it. Others spend their money on travel, or on their house. It’s about your priorities and values, no-one else’s.
    May 2, 2018 0
  • Facebook uoxriokbxz
    Millionaires don't drive supercar
    May 2, 2018 1
    • Microsoft BADCODE
      Hmm, I know several, and a few of them have supercars (mostly Ferrari’s), so that is blatantly false.

      As I/others have said - it’s up to the individual and their priorities. Certainly not advisable if you don’t have the basics - house, good pension, savings, etc - but once those are ticked off why not?
      May 2, 2018
  • Amazon ToGp3$
    Don’t do it unless you have at least $10 millions. I drive a $99 lease Nissan Leaf
    May 2, 2018 1
    • Jet DLL
      Good advice if you’re level 3 or below at a company
      May 2, 2018
  • Amazon / Mgmt
    sanon

    Amazon Mgmt

    PRE
    Amazon
    sanonmore
    A lot of people buy super cars as toys, not daily drivers. If you are considering this a daily driver then the maintenance issue will likely be the biggest cost component.
    May 2, 2018 1
    • Apple Babar
      Ferrari a daily driver ? Lol. I mean a Porsche or R8 is definitively designed to be a daily driver. Lambs and Ferrari are toys. And nothing wrong with that, I love Lambo. Mine will be orange :)
      May 2, 2018
  • Google Idle
    What model of Ferrari is this?
    May 2, 2018 3
  • Yahoo / Eng maybeno
    A millionaire didn't get to be a millionaire by driving Ferrari.. A used car would do fine
    May 2, 2018 1
    • New cbbu61
      Hahahaha, this is what poor people say.
      Jun 7
  • Amazon / Eng sozǝq ɟɟǝſ
    Don't do it. I'm a multi millionaire and drive a 12 year old Accord.
    May 2, 2018 1
    • New cbbu61
      Me too but I have a 458 and a 997TTS in my garage. I'm not sure what you're trying to say here.
      Jun 7
  • Facebook public
    They are awesome if you love cars. Figure about 2 dollars a mile for maintenance on a Ferrari and it is definitely not a daily driver even if a lower end model. Investing and buying 2 super cars or 1 hyper car is of course better but at a certain point you will decide life is too short to deprive yourself forever. You will also find that driving a Ferrari will help your career and networking.
    May 2, 2018 0
  • Cisco AAdP87
    I love the level-headed responses here. The same point is echoed in books like "Life or Debt" and "Rich Dad, Poor Dad", (which btw you all should read). FWIW tho, there was a Blind survey not long ago asking what we all drive.
    May 2, 2018 0
  • Google Idle
    Old supercars are very difficult to "fix up". You need many specialized tools and it's difficult. It's not a DIY project and for the cost you will pay to have someone else do it, you could afford a newer car.

    Your friend probably knows this and is trying to get our of his bad purchase.
    May 2, 2018 0