Quote:
Originally Posted by ShiftingG82
Good Morning from NY. I've been thinking about this since I saw the G82 in person.
I would like to know how many others who are pulling the trigger on a G8x M3/M4 are still renting an apartment. I really want a G82 but I'm tired of renting and want a home for myself where I could park my cars inside my own garage. If I pull the trigger on the G82 I won't be able to buy a house for another five years which doesn't really bother me that much, but it will be on the back of my mind especially since I don't have a garage near my current location so I'll end up parking the car on the street.
I know the car is going to lose value everyday I drive it, while a house might stay the same or go up in value in most cases. But, I'm a car guy, I love cars, I do most of my mechanic work myself, and LOVE high speed, shifting my own gears, and car technology. I've had numerous days where work was horrible, but the minute I turn on my car I forget about everything and just pay attention to the operating temperature of the car before I hammer it!  Sadly, when I come home from a horrible day at work I don't admire my apartment. I just want my bed and start a new day the next day.
I just want to know how irrational or rational my thoughts are and whether I'm the only one that's going through this. If you were in a similar boat in the past can you tell me what you ended up going with and how things are now? |
Many people have said this already - have to decide for yourself the opportunity cost of the money sunk into the car.
All the rest is just advice and worth about what you are paying for it. I'm older than most on this forum I think at 48, and I did a little of both in my life. Bought the fast car in my twenties. Loved it, but couldn't afford it. And the apartment angle was awful. A house/driveway/garage is so much easier, even if you don't put your car in the garage each night.
Then I sold the car. Smart move, but regretted it for 15 years. Finally in my forties got to buy a fun car again. And even at this late age with so-called financial security, you may still decide to sell it. I did and had to go back to sensible for a while AGAIN.
While it will never be a smart financial move to buy an expensive car, looking back I don't regret the purchases. Life is strange and you never know what it will throw at you later. I think saving for the future or investing is smart. To an extent.
But living for when you're old, like me doesn't fully make sense either. So try to do some of both.
My advice (worth as much/little as everyone else's): the G8x is a lot for someone who wants to, but still hasn't gotten the house purchase done yet. Buy a fast car, but maybe not THAT much car. Go with a 2017 F8x instead, and be 85% as fast on 40% of the cost.
And then buy your first house sooner rather than later. But don't overspend there either. You'll probably move in a few years anyway. Most young people move a few times before really settling down. So you'll have more chances at this house thing down the road.
Now that I really sound old, I think I'll stop there. Good luck!