Having car issues and am thinking of saying fuck it and getting a nice car. Anyone have personal experience in making bad financial decisions?
So I drive a Camry and have been having issues with mold in my A/C system. There's a lawsuit against Toyota going on, and Toyota has basically come out and said they can't do anything about the mold.
My car is paid off and I can sell it for around $26k. It's a few years old but runs perfect besides the A/C. I do not want to sell it and would not except for the fact I can't fucking breathe when my A/C is on. Smells like a sweaty gym locker that hasn't been cleaned in years.
I was at the dealer and 2023 Camry's (non-V6) are going for $40k. That's absurd and I refuse to spend that much on a fucking Camry, so the thought crept into my head about getting an actual nice car.
My dream car is a 911 Turbo S, but that's way too much money for me rn. Also can't find one anyway and even if I got an allocation, it would take too long.
I've been looking at the M8 Comp and RS7. The M8 spec I want comes out to around $150k MSRP and my dealer says they could feasibly have it built within 3-4 months.
RS7 comes out to $140k. 911 Turbo S is $250k+ but damn near impossible to get an allocation at Porsche right now.
I've always been extremely conservative with my money. This has allowed me to save a significant amount. The fact my Camry has this issue and that I was unable to find out it existed when I did so much research before buying the car pisses me off. My family has owned several BMW's and have never had a bad experience with the dealer.
I have no debt and currently rent. I know spending $150k on a car when that's my salary is insane, but I plan on making money for the foreseeable future. I am thinking of business school in 2 or 3 years which means selling the car. I've also thought of leasing it (around $2.5k monthly payment with $7k down), but that's $100k down the drain, and I'm confident I could sell a 2023 M8 Comp for more than the remaining $60k or so I would still "owe" if I bought.
I drive max aroundyear. Please do your best to talk me in / out of making this horrible financial decision.