Supercars, anybody?
I'm interested to know how many of my fellow monkeys own supercars/sports cars. I've loved cars since I was a kid, and I'm debating on when is the right time to pull the trigger. I've been eye-ing cars in the AMG/R spec jag tier, but being it's my first year in banking, I realize it might not be the best time to do so. On the flip side, I've worked my ass off and I want to live for today. What super car or sports car do you own? When did you buy it? Was it all cash/finance/lease?
Are you a first-year analyst or associate?
Analyst
not a supercar but i have a bmw m340
It depends on what you define as a supercar. I had several cars with a lot of power, either built or bought. If you are referring to exotics alone (McLaren, Ferrari, Lambo, ..), the answer is no. I would maybe buy a crashed exotic and fix it up, but I am pretty focused on American Muscle and otherwise German cars. My old E46 M3 had a compressor and was very fast.
M3 definitely fits the bill of what I'm asking. I know you said an older one (e46), but when did you buy it? Couple years into your career? Way down the line?
I grew up around cars and started my collection at 16 years of age. So my cars come and go and I also buy all the cars for my family members, or at least advise them which options to get, spec them, etc. therefore cars were always around me, probably owned more than 15 by now.
If you absolutely need a car with a lot of power, then make sure to research the cost of ownership first.
1) Who will do the service? Can you do this on your own, or do you have to pay a BMW technician 125$ an hour plus tax? Inspection II on a high performance EU premium car can run several thousand $, depending on what it needs and how it is driven.
2) A car also requires constant attention regarding cleaning, paint protection, storage/parking/garage, insurance, crime/theft, and more
3) Depreciation on higher performance cars is normally worse.
Also, any plans on going electric? Check out the Tesla Model 2 and Model 3.
Looking to start my car collection in the next year or so. Going to start with a '70 Challenger or '70 Cuda. Can't get more American Muscle than that. Would take a classic muscle car over exotic sports car 9 times outta 10.
70’s challenger in purple or orange would be wild
My brother has a La Ferrari since he deals and collect cars if that counts. Otherwise I used to drive a Monza 2 seat and trying to save up to asking Maranello to custom me a one in a lifetime to the teeth detailing Ferrari Roma right now.
That’s wild. From my understanding not everybody can get a Laferrari (not considering price). How did he get his hands on one ?
No no everyone can get their hands on a La Ferrari or even get one customised if you know the right people. La Ferrari is all sold in 3rd party markets now. You can get one for 2M euros easily but I doubt anyone would want to sell them. The design is the best Ferrari design next to the new Roma in my opinion. Just too beautiful and timeless.
And if you are going to buy a super car and it is going to eat away your cash savings. Invest in something first and then use the passive payback to pay for the car with financing is what my brother is recommending you. Or if you want on right away go buy a 2018 AMG or a Japanese super car if you really have the taste for a super car. Since a Huracan is just straight up plain and tacky and everyone will know you paid for the cheapest one. Either get one with purpose or get the best one, not the one in between. If you just like speed. I recommend picking up a Ducati Superleggera. Top of the line beautiful bike comes with all the pimp and toys pre-installed. And you can keep it and service it yourself or a technician for cheap. Runs you 60k max with helmets and a nice leather suit and jacket.
You cannot get a la Ferrari because Ferrari believes you have to spend some thing like 5 millions on their cars to be invited to buy a LA Ferrari.
Currently have a Cayman (which i wouldn't consider a supercar, very fun though) but am planning on buying an R8 very soon. Going to get one a few years old, waiting to see a good one on the used market. I have a friend with one, and being around that convinced me, and its also probably the most easy-to-own supercar.
That’s fucking exciting! How are you paying for it ? Have you been saving up ?
I have the cash but with interest rates so low probably just get get it on finance. But yeah, super fucking excited haha.
Yep Audis are so fucking reliable as super cars.
I have a 2014 911S 7-speed, a 1976 911S and a 1981 911SC. Very fun cars to drive.
omw
Solid! Did you purchase your 2014 911 cash ?
Yes, all of my cars have a clean title. I also have a 1956 Rolls Royce Silvercloud, but thats not really a super car
Know of a couple of NY IB analysts living in Long Island/NJ who have newer generation BMW M3/M4s. Wouldn't think about it if you live in Manhattan, which probably isn't the case anyways.
PaulTwodoorJonesI'm interested to know how many of my fellow monkeys own supercars/sports cars. I've loved cars since I was a kid, and I'm debating on when is the right time to pull the trigger. I've been eye-ing cars in the AMG/R spec jag tier, but being it's my first year in banking, I realize it might not be the best time to do so. On the flip side, I've worked my ass off and I want to live for today. What super car or sports car do you own? When did you buy it? Was it all cash/finance/lease?
My list to own one day:
Ferrari 355, 360, 458, f12
Porsche 997 turbo
Audi R8Aston Martin vantage 2012 only
Lamborghini performante convertible
F12 is a fucking beast of a machine. I’ve seen some videos of the f12 with a Novitec exhaust and that thing sounds absolutely mental.
https://bringatrailer.com/listing/2017-ferrari-f12-berlinetta-4/ this would fit the bill nicely
Currently own a 911 turbo and on a waiting list for a Ferrari Roma, although unsure if I’ll pull the trigger if I can get one.
I don’t get the hype over the Roma, it just looks too much like an Aston Martin and doesn’t have the wow factor imo
Yeah and that’s partially what has me on the fence (in addition to thinking of spending that much in general…). But whatever I get has to be “practical” in that I plan to use it frequently (and live in nyc), I don’t really trust the other ferraris (outside of the lusso/FF) to do that (which is why I originally went with Porsche). Maybe supercars and the city just don’t mix.
Which version of the turbo? 997. 991, 992?
The 991.2
Lotus Evija
https://www.caranddriver.com/lotus/evija
Love lotus and the racing pedigree behind the brand, but $2.3 mm for sauced up Exige is over the top
EDIT:
Those numbers are mental. AWD and 1,975 Ponies holy fuck that must feel like a mule kicking you from a dig
The sauced up Lotus Elise/Exige is the Hennessy Venom GT. They dropped a V8 in that car.
https://en.m.wikipedia.org/wiki/Hennessey_Venom_GT
How are people buying these all-cash/payment plan or lease?
I bought a new M series BMW recently as a first year. No particular need for a car, but grew up racing and nice cars makes me happy so I said fuck it. I financed mine at 4.75%, which isn't terrible.
Did you already have decent savings or something before starting FT? Looks kinda pricey for a first year analyst? Assuming not NYC here too
Nope. Just used most of my post-tax bonus as the down payment
Which m car did you get?
New arrival.Aston martin vantage convertible.
Hell yeah man. What color ? Are you an An/As/VP?
Grey but getting it wrapped to Pearl White soon. Never-ending what my job title is.
Sadly, this app does not make it feasible to add a picture, even though it provides the icon to.
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