Am I a Douche?
Would buying a used Maserati Ghibli for 40k after my SA (assuming I received a return offer) make me a douche?
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Why though?
Because it's cool
What's not cool is the maintenance. Oil changes, premium gas, tires and pray to god nothing else goes wrong.
depends on how much you showboat it
It honestly isn't that expensive of a car. I just think it would be cool to own a Maserati at age 21
MASERATI'S are OSTENTATIOUS and WASTEFUL. You'd be better off buying a TESLA MODEL 3 with that money. DISRUPT the FOSSIL FUEL ECOSYSTEM!!
Ghibli interior has parts from a $16k Dodge Dart. Not worth the money IMO. Use the cash to enjoy your senior year at whatever school you're at.
how tf are u making 40k after taxes lol
I definitely wouldn't be paying the entire 40k up front man
No.
Assuming that you'll be in NYC, will be living solely off the analyst compensation, and don't have a rich family that doesn't make you a douche. It makes a moron.
Upgrade your suit and tie instead.
Could not agree more with attack hound. Would also add that affording the sticker price is a portion of the cost... affording the maintenance is a whole new world of hurt. Maserati's (like all Italian cars) are very temperamental. Take fiat for instance, it's actually an acronym for: Fix It Again Tony! Oh... and unsurprisingly Maserati is owned by FIAT Chrysler Automobiles "FCA."
Without a lengthy diatribe, I know someone who didn't consult his WSO elders before prematurely purchasing his Italian sports car. He sold it year later for a loss of $10-15k after it was in the shop every month. So far you've taken the correct steps by asking for a second opinion.
Please continue on your path of righteousness and heed our warnings.
If you're in New York, you're going to need to factor in the cost of parking, and it just seems silly to pay for a $40k car + hundreds a month in parking + never being able to use it. Let's be real, you'll either be hanging out in the city, drinking (so no driving), or working. Not really useful. If that's the case, then it really looks like you're buying that car for signaling, which I would probably label "douchey".
I think regardless of where you live, though, it would probably signal to your company that either a) you are blowing all your money (even though you may have this carefully calculated) or b) you're a spoiled rich kid (even though that may not be the case), and I think people may brand you negatively on that basis. Same deal if you're a first-year analyst coming in with a $40k watch.
Also, I like how this post is in the IB category as if the douchiness of buying a Maserati couldn't pertain to any other industry
I too found this amusing.
It would be douchey for you not to buy it. Bulge bracket bro. Go big or go home.
Lol you can't afford it. So yes.
Personally, I would wait until I had a FT position and was established in my lifestyle before springing for a new car. I am bigger fan of saving rather than spending.
The fact you even have to ask makes you a douche
I was going to say this. If you have to ask, "am I a douche?" you've likely answered it. Never hurts to look less wealthy than you really are.
You'd be douche supreme but it'd be very funny.. until you see the kid with family money hop in his AMG Benz to go to brunch on Sunday morning while you sweat over the mechanic's bills lmao
Financial Management Professional
If you have to ask, the answer's yes.
Ask yourself this: if it wasn't a Maserati, would you buy it? I doubt it. Check out some of the car's reviews. They're not great.
Fun fact. Maserati is owned by fiat Chrysler (NYSE:FCAU). They also own Jeep, Dodge, Ram, Chrysler, Fiat, Alfa Romeo, and (up until recently), Ferrari.
So the switchgear on the new Maseratis are lifted straight from the Chrysler 300, and the infotainment system has the same shape as a Dodge Dart (a car cheaper than a Corolla). Lots of mechanical components (front suspension, transmission, etc) also from Chrysler.
My point is, don't buy expensive cars from the FCAU family. Buy a car that's mechanically unique and doesn't whore out its components from/to other cars.
So basically OP, your car is a whore and it shouldn't buy it.
Not a douche, but you don't sound to covfefe
Itching all day to say that eh
Nah, but it would make you seem like someone trying too hard to show off what little money they have. There's luxury and then there's fake luxury, Ghibli is the latter. A used Corvette Z06 costs just a few grand more. Get that instead.
Do it bro. Haters gonna hate.
Yes buy it and turn it into a side hustle, Uber for the rich.
The fact that you asked makes you a douche. Use the 40K to make yourself more money.
No idiot, spend your 40k at the bars and on spring break your senior year
That's so dumb for your future.
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