OPINION: Expensive car as a junior in finance

I've just accepted an offer for a VP role in a tier 1/2 city where having a car is a must. Growing up my family and I had old 10+ year old cars pretty much all the time and now I want to get something nice. I'll be making enough and have enough in savings / investments where I feel comfortable leasing something worth up to $100k slightly used. It's such a ridiculous 1st world problem I can't believe I'm asking this but what do you guys think would be "too much" to show up to the office in? I was thinking of getting a used M3 w/ the competition package in a neutral color (white or black). What are your thoughts? Please don't try to lecture me on it not being a good investment as that's not the point of this post.

Also, happy to just hear what you'd get if you had a similar budget as I love hearing others’ opinion on cars.

 

Very much so, I’m sure with a budget of 100k you can even find a brand new M4 comp as well. I wouldn’t worry about the looks you get. If cars is your love outside of work , then embrace that

 

No one will care as long as it's not a Lamborghini or a really flashy neon color.

An M3 is perfectly fine. Not sure if you are in a non-car city right now, but there are plenty of first year analysts rolling up to their first finance job in brand new Range Rovers, no one will even blink if you have a reasonably nice car - you've earned it as a VP and the M3 is a solid purchase.

 

Porsche 911 (not the latest model but 991.2). Also will only depreciate lightly, so you are not burning too much money.

 

Iusto numquam ut non placeat eius id. Labore magni maiores sit.

Magni et eaque et dicta. Enim ut aut dolorem ab vitae dolores. Eveniet repellat quis reiciendis doloribus in repellat. Ratione tempora minus expedita non aut odio amet. In optio odio nihil sunt.

Career Advancement Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

April 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $266
  • 1st Year Associate (387) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (314) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”