I'm buying a $60k car as soon as I graduate.

My car is going to be so sick bros. I'll save up for retirement when I make MD.

Oh, and I'm not living in NY so I'll just get cheaper housing and spend my cash on sexier goods.

 
ekudfoekud:
Audi S5 (pictured above)

Funny story about an S5 I saw one of my way home from picking up one of my friends from school. The guy looked like he was in his 60s or so and he was driving in the right lane going 5 under the speed limit. Can someone explain to me why people spend so much money on nice cars and then just drive like a bitch.

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 

I agree with the above, don't buy a new car unless it's an exotic (and even then it's OK sometimes).

blackfinancier:
ekudfoekud:
Audi S5 (pictured above)

Funny story about an S5 I saw one of my way home from picking up one of my friends from school. The guy looked like he was in his 60s or so and he was driving in the right lane going 5 under the speed limit. Can someone explain to me why people spend so much money on nice cars and then just drive like a bitch.

haha I hear what you're saying. I think it's because of the gas mileage.

MKballer
 
GoodBread:
BankMonkey21:
I may grab the porsche cayman s when.i graduate. Get it 2 years old for 30k and its 60k new.

Depreciation really does wonders. Used CL500s for 20k is probably one of the more impressive examples.

It sure does. There are alot of great buys when you really look. And regular people and (most importantly) the women dont know that you got a car thats 85k new for 20-30k used

I Got a dollar and a dream...
 
BankMonkey21:
I may grab the porsche cayman s when.i graduate. Get it 2 years old for 30k and its 60k new.

Yo I just checked it out on Porsche's site and on carmax - that is a sick deal (wth is up with this insane depreciation). 2 year old S5's are still ~$42k!

 

just buy a bike for $10k and a camry for $10, now you've got excitement and comfort and reliability (instead of just the first two) plus $40k for your vice of choice (maybe $40k can buy you roadhead on a bike? not sure how it would work but you'd live forever if it did)

 
Apocalypse Meow:
just buy a bike for $10k and a camry for $10, now you've got excitement and comfort and reliability (instead of just the first two) plus $40k for your vice of choice (maybe $40k can buy you roadhead on a bike? not sure how it would work but you'd live forever if it did)

When did illiniprogrammer change his screen name!?!

 

Haha, that wasn't me. If you get a Ducati- this is after you've spent two years on a 250 or 500cc bike so you learn to ride a 110 hp bike with a bigger power/weight ratio than an F16 safely and with a degree of finesse- you will have more girls falling over you than in a Porsche. And everyone will know you paid for it with your own money- a big question mark for young kids under 27/28.

 

While you and I respect riding skill, you hardly need any to impress bitches with a Ducati, and I don't ever think I've heard one ask to see the title or chicken strips.

As for 110hp, why would anyone pick up a 749? The 1198 has about 150hp (to those that don't ride, 30-40hp is a hell of a difference).

IlliniProgrammer:
Haha, that wasn't me. If you get a Ducati- this is after you've spent two years on a 250 or 500cc bike so you learn to ride a 110 hp bike with a bigger power/weight ratio than an F16 safely and with a degree of finesse- you will have more girls falling over you than in a Porsche. And everyone will know you paid for it with your own money- a big question mark for young kids under 27/28.
If the glove don't fit, you must acquit!
 
WalMartShopper:
While you and I respect riding skill, you hardly need any to impress bitches with a Ducati, and I don't ever think I've heard one ask to see the title or chicken strips.

As for 110hp, why would anyone pick up a 749? The 1198 has about 150hp (to those that don't ride, 30-40hp is a hell of a difference).

IlliniProgrammer:
Haha, that wasn't me. If you get a Ducati- this is after you've spent two years on a 250 or 500cc bike so you learn to ride a 110 hp bike with a bigger power/weight ratio than an F16 safely and with a degree of finesse- you will have more girls falling over you than in a Porsche. And everyone will know you paid for it with your own money- a big question mark for young kids under 27/28.
Well, the fastest bike I've ridden has about 115 hp. That's more than enough power for me to ever be able to efficiently manage on the track let alone the road. If you can actually benefit from the extra horsepower in the 1198, more power to you- I will stick with my lighter weight CBR 600 RR or maybe switch to a Duc 848 for the next few years at least.
 
alexpasch:
Dude get a nicer car, but that's used and 2 or 3 years old. Women won't know, so you'll get more pussy for the same amount of money. That's what smart people do.

It'll also be a smarter financial decision, since the depreciation curve is less steep for used vs. new...

2nd that as well. Combine the two and your strategy is to buy a 2008 Duc 848 or 2008 Ninja 500 depending on your riding experience.
 

IP,

Do you really find the Ducati that squirrelly? We should probably compare notes at some point, because I've heard that before but I've never ridden one. I'm thinking about picking up a Triumph before I head back to the States, but I've always been intrigued by the Ducatis. Obviously, the Triumph is the more practical bike, but buying a bike isn't usually a matter of practicality anyway.

Just curious if you can feel that big a difference between a Ducati and the average crotch rocket.

 
Edmundo Braverman:
IP,

Do you really find the Ducati that squirrelly? We should probably compare notes at some point, because I've heard that before but I've never ridden one. I'm thinking about picking up a Triumph before I head back to the States, but I've always been intrigued by the Ducatis. Obviously, the Triumph is the more practical bike, but buying a bike isn't usually a matter of practicality anyway.

Just curious if you can feel that big a difference between a Ducati and the average crotch rocket.

It's not squirrely- I would just not recommend anything over about a 500 cc for a first sportsbike. You need to have experiences like accidentally getting the bike on some gravel, getting into a few "Oh $*#**@" situations in a curve on the road and knowing what to do, and hitting a few potholes to know how your right hand is supposed to react when you hit some turbulence on the road. You need to have experiences like tipping the bike too far over when you're waiting at the light in crowded manhattan traffic- when your 500 cc weighs only 275 pounds and a good strong lift and the adrenaline from a guy honking at you can help you get it back up and let you learn to avoid making that mistake on a 400 lb bike.

A Duc 848 IMHO is a racing machine not unlike a formula 1 racecar. The horespower and torque are either consistent with or exceed that of the Big Fours' 600 cc race replicas- often with a 600cc making it into the top five or ten in the MotoGP. Learning to ride on a smaller bike- that does not have the power/weight profile of a fighter jet- is a bit safer- especially in Manhattan traffic- and the best part is that it helps you develop more skill faster. It is a lot less scary going into a 35 mph curve on 9-W at 65 mph on a supersport if you've taken the curve a zillion times at 65 mph on a 30 horsepower 250 cc and weren't worrying about the fact that a slight bump in the throttle is going to change the centripetal acceleration required to hold that turn and send you skidding off into the ravine and the trees.

So even if you don't care that starting on a 250 or a 500 is safer, starting on a smaller bike- and staying on it for at least a year or two makes you a better rider. It lets you keep up with kids on 600 ccs with your little bitty 500 at track days and smoke them on a 600. You've got the confidence to know how to take turns on a 600 cc because you did not have to worry about a 100 horsepower engine when you were first learning them on a 30 or 50 hp bike.

At the end of the day, your first bike won't be your last bike. You're also not the bike itself. You're the guy who knows how to ride the bike. How well do you want to be at riding it in a year or two? If you want to be better- if you want to avoid dropping the bike- to the crunching of fairings and egos- in front of friends- if you want to take turns at faster than the posted curve warnings- spend a year- ideally three- on a smaller bike.

 
Edmundo Braverman:
IP,

Do you really find the Ducati that squirrelly? We should probably compare notes at some point, because I've heard that before but I've never ridden one. I'm thinking about picking up a Triumph before I head back to the States, but I've always been intrigued by the Ducatis. Obviously, the Triumph is the more practical bike, but buying a bike isn't usually a matter of practicality anyway.

Just curious if you can feel that big a difference between a Ducati and the average crotch rocket.

ducatis are pure unpleasantness anywhere other than the track. i rode a SXV 550, the worlds most Bananas ducati, very fun on the track, horrible on the street. leave the Ducs for the track.. get a Triumph Bonneville or Thruxton (mmmmmm...sick)...

dont buy a car, unless you wanna prove your dumb.

 
Batrick Pateman][quote=Edmundo Braverman:
IP,

Do you really find the Ducati that squirrelly? We should probably compare notes at some point, because I've heard that before but I've never ridden one. I'm thinking about picking up a Triumph before I head back to the States, but I've always been intrigued by the Ducatis. Obviously, the Triumph is the more practical bike, but buying a bike isn't usually a matter of practicality anyway.

Just curious if you can feel that big a difference between a Ducati and the average crotch rocket.

ducatis are pure unpleasantness anywhere other than the track. i rode a SXV 550, the worlds most Bananas ducati, very fun on the track, horrible on the street. leave the Ducs for the track.. get a Triumph Bonneville or Thruxton (mmmmmm...sick)...

dont buy a car, unless you wanna prove your dumb.

 

Jesus Christ Superstar, there is soo much wrong with your post...

  1. SXV550 is a street legal RACE bike, not a typical street bike as you have to adjust the valves more frequently than an oil change on other bikes. Also it is an Aprilia, not a Ducati. Lastly it's a supermoto, which everyone knows is made to raise hell or race on a tight track with a little off-roading for good measure or urban commuting, NOT highway cruising (hence no fairings).

  2. Ducatis make great street bikes, the Monster is their best seller year after year, of course posers never notice this model as the sexy superbike is what they want to ride to work and back along with an occasional trip to Starbucks. Also the ST is a sport tourer that most wouldn't mind putting 500 miles on in a weekend.

Yes I like bikes, I've had all kinds and unlike cars, they are specific purpose built machines. You must clearly understand the role the bike will play, then choose.

Batrick Pateman][quote=Edmundo Braverman:
IP,

Do you really find the Ducati that squirrelly? We should probably compare notes at some point, because I've heard that before but I've never ridden one. I'm thinking about picking up a Triumph before I head back to the States, but I've always been intrigued by the Ducatis. Obviously, the Triumph is the more practical bike, but buying a bike isn't usually a matter of practicality anyway.

Just curious if you can feel that big a difference between a Ducati and the average crotch rocket.

ducatis are pure unpleasantness anywhere other than the track. i rode a SXV 550, the worlds most Bananas ducati, very fun on the track, horrible on the street. leave the Ducs for the track.. get a Triumph Bonneville or Thruxton (mmmmmm...sick)...

dont buy a car, unless you wanna prove your dumb.

If the glove don't fit, you must acquit!
 
Batrick Pateman][quote=Edmundo Braverman:
IP,

Do you really find the Ducati that squirrelly? We should probably compare notes at some point, because I've heard that before but I've never ridden one. I'm thinking about picking up a Triumph before I head back to the States, but I've always been intrigued by the Ducatis. Obviously, the Triumph is the more practical bike, but buying a bike isn't usually a matter of practicality anyway.

Just curious if you can feel that big a difference between a Ducati and the average crotch rocket.

ducatis are pure unpleasantness anywhere other than the track. i rode a SXV 550, the worlds most Bananas ducati, very fun on the track, horrible on the street. leave the Ducs for the track.. get a Triumph Bonneville or Thruxton (mmmmmm...sick)...

dont buy a car, unless you wanna prove your dumb.

 
Best Response
michaelj901:
Hey for those who are in the know what would be a good starter bike for someone with no experience. Dropping the 8-10k for a bike isn't the problem I just dont want to pull a Jason Williams/ Kellen Winslow II ya know.
I would go with a Ninja 500 or a Suzuki GS500F. Spend at least one year and 6000 miles on it- ideally three- before you upgrade to a 600cc. And maybe do a trackday or two on it if you can after ~3K miles. If you want to get good at riding bikes, that's where to spend your money.

For the college kids out there planning on moving to NYC, you ideally want to learn outside NYC. If you hit a gravel patch in downstate IL and go sliding off the road, a friendly motorists stops to help you tip the bike back up rather than the parking authority stopping to give you a parking ticket. There's less traffic and the roads are just a lot more forgiving. Everyone makes a lot of mistakes when you're starting out; having friendlier, more patient non-New Yorkers to laugh with you and help you rather than get impatient- is always a good thing to have.

 
Weazel3:
Don't want to hijack but I want peoples opinion on a lotus

Super douchey or chicks wont know the difference between that and a lambo

Lotus is good value for money if you're looking for that sort of car.

That said, chicks will definitely be able to tell the difference between that a lambo, especially the sort of superficial girls you seem to imagine will hook up with you for your car.

 
Weazel3:
Don't want to hijack but I want peoples opinion on a lotus

Super douchey or chicks wont know the difference between that and a lambo

LOTUS AND LAMBO LOL. If a girl can't tell them apart she's either blind or a freaking idiot!

 
Weazel3:
Don't want to hijack but I want peoples opinion on a lotus

Super douchey or chicks wont know the difference between that and a lambo

Most people have no idea a Lotus is a Lotus.... and thats if they even know what a lotus is...

Go with the Lambo Broski

.
 
gopadub:
get a M series BMW
M is starting to losr its appeal because people who dont know shit about cars are getting them. They still offer great performance and looks for the price you can get them for but if you get fast/cool cars for the wow factor and their losing that.
I Got a dollar and a dream...
 

Bikes are for 10 year olds. Big boys drive vehicles with more than 2 wheels.

And if you don't care about safety, I wouldn't either if I were probably driving a motorcycle since it probably means my life is worthless.

 
ekudfoekud:
Bikes are for 10 year olds. Big boys drive vehicles with more than 2 wheels.
Big boys do drive cars- because they need four wheels to support their mass. :D
And if you don't care about safety, I wouldn't either if I were probably driving a motorcycle since it probably means my life is worthless.
It's a calculated risk. You get to enjoy the freedom of riding on the open road on a nice day, of racing through a chicane, of leaning over at 30 degrees in a tight turn, the rush of weaving past a few cars maybe a little faster than you should be going. The trade-off is that there's significant risk. You mitigate the risk by taking a basic rider course before setting foot on the road, of spending at least a year or two on a smaller 250 cc or 500 cc bike, and following a policy of all-the-gear-all-the-time, especially in Manhattan. Obviously also not riding when you're not in good shape to ride and making sure that the risks you may choose to take in traffic- like going down FDR drive 15 mph faster than everyone else or lane splitting (which is a generally accepted practice in New York City but not NJ)- have well-reasoned limits.

Life is a calculated risk- it's worth it to take some calculated risks as long as they're well managed. IMHO, starting on a 600 cc bike- or a Duc 848 for that matter, is just not worth the same trade-off as a track day. A 500 cc is still a lot of fun to ride, fewer things can go wrong, 99% of the population can't tell the difference, and those that can are totally cool with it and respect it. Besides, regardless of whether it's safer, you never learn to ride quite as well starting on a more powerful bike. Ten years from now, you'll remember the track day, not the horsepower on the bike.

If you don't believe me, compare your insurance premium for medical coverage on a 600 cc vs a 500 cc as a new rider. Three years later, it's about a 15% difference. Starting out it's 200% in some cases. So at least according to the insurance company, you're three times as likely to hurt yourself on a 600 cc than on a 500cc starting out (remember, the 100cc also includes race tuning and a lot more power to piston displacement). You're already taking a huge risk getting on a motorcycle in NYC traffic- why exacerbate it with a much more dangerous bike?

The best things in life take a long time and a lot of commitment to learn and do well. And I'm not totally amazing at riding a motorcycle, but I have the wisdom to know that you want to start small, ride a 250 or a 500 cc until it's boring- then ride it some more because you're only learning if you're bored- and then move up to a 600cc. Riding sportsbikes is a bit like math. If you don't understand the building blocks like algebra or calculus- or in this case throttle handling, cornering, braking, clutch control, and balance, it's impossible to learn how to ride a two-wheeled vehicle with a power/weight ratio that doubles nearly every street-legal car- or solve differential equations without the building blocks.

 
drexelalum11:
Cartwright:
my father taught me many things and chief among them was never finance a depreciating asset.

Pretty sure my dad used the exact same words

Brothers?!? LOL.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 
Cartwright:
my father taught me many things and chief among them was never finance a depreciating asset.

So you're never going to buy a car? And all companies should never pay for depreciating capital such as tractors, machines, factories, etc?

Also, better stop eating food since I'm pretty sure the value of a big mac depreciates when it comes out my asshole.

 
ekudfoekud:
Cartwright:
my father taught me many things and chief among them was never finance a depreciating asset.

So you're never going to buy a car? And all companies should never pay for depreciating capital such as tractors, machines, factories, etc?

Also, better stop eating food since I'm pretty sure the value of a big mac depreciates when it comes out my asshole.

So you take out a loan to pay for a big mac? Jesus dude, that's pretty ghetto - I'm assuming you use a payday loan?

 
ekudfoekud:
Cartwright:
my father taught me many things and chief among them was never finance a depreciating asset.

So you're never going to buy a car? And all companies should never pay for depreciating capital such as tractors, machines, factories, etc?

Also, better stop eating food since I'm pretty sure the value of a big mac depreciates when it comes out my asshole.

I wouldn't worry too hard about making MD.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 
ekudfoekud:
Cartwright:
my father taught me many things and chief among them was never finance a depreciating asset.

So you're never going to buy a car? And all companies should never pay for depreciating capital such as tractors, machines, factories, etc?

Also, better stop eating food since I'm pretty sure the value of a big mac depreciates when it comes out my asshole.

never FINANCE it..... not never buy it.

 
ekudfoekud:
Cartwright:
my father taught me many things and chief among them was never finance a depreciating asset.

So you're never going to buy a car? And all companies should never pay for depreciating capital such as tractors, machines, factories, etc?

Also, better stop eating food since I'm pretty sure the value of a big mac depreciates when it comes out my asshole.

I think you meant defecate not depreciate

 

No one is going to care if you buy an Audi at 22. Most likely they will think your parents bought it for you, and if not that, then they'll think you are a tool/idiot/dbag for dropping 60K on a car when you are 22. Plus, as mentioned, its an Audi. Its not like you are getting driven around in a Maybach or cruising in an Aston-Martin. Do what you want but do remember that we are probably going to see another financial crisis within the next three years and massive consolidation in the financial industry: that car might not be looking so slick if you ever lose your gig.

looking for that pick-me-up to power through an all-nighter?
 
<span class=keyword_link><a href=/finance-dictionary/what-is-london-interbank-offer-rate-libor>LIBOR</a></span>:
No one is going to care if you buy an Audi at 22. Most likely they will think your parents bought it for you, and if not that, then they'll think you are a tool/idiot/dbag for dropping 60K on a car when you are 22. Plus, as mentioned, its an Audi. Its not like you are getting driven around in a Maybach or cruising in an Aston-Martin. Do what you want but do remember that we are probably going to see another financial crisis within the next three years and massive consolidation in the financial industry: that car might not be looking so slick if you ever lose your gig.

This is very true. I had a nice car out of college and no one I met randomly thought it was actually mine, lol. In retrospect, it's not worth it. If I can afford it, I'll get an ultra nice car in 10 years (assuming I still care to get one), but in the meantime there's no point. Zuckerberg doesn't drive around in a Ferrari, as but one example. If you have money and class, it will show; you don't need a car to advertise it, especially at our age. If I were to do it all over, I would've spent $20K and gotten a used 3 series.

 
alexpasch:
<span class=keyword_link><a href=/finance-dictionary/what-is-london-interbank-offer-rate-libor>LIBOR</a></span>:
No one is going to care if you buy an Audi at 22. Most likely they will think your parents bought it for you, and if not that, then they'll think you are a tool/idiot/dbag for dropping 60K on a car when you are 22. Plus, as mentioned, its an Audi. Its not like you are getting driven around in a Maybach or cruising in an Aston-Martin. Do what you want but do remember that we are probably going to see another financial crisis within the next three years and massive consolidation in the financial industry: that car might not be looking so slick if you ever lose your gig.

This is very true. I had a nice car out of college and no one I met randomly thought it was actually mine, lol. In retrospect, it's not worth it. If I can afford it, I'll get an ultra nice car in 10 years (assuming I still care to get one), but in the meantime there's no point. Zuckerberg doesn't drive around in a Ferrari, as but one example. If you have money and class, it will show; you don't need a car to advertise it, especially at our age. If I were to do it all over, I would've spent $20K and gotten a used 3 series.

I disagree. If cars are your thing then cars are your thing. Im a car guy. I dont wanna golf,or have 2 homes and 2 vacation homes like a typical MD will have. I dont want a yacht or to collect dumb shit. I would much rather have a few exotic cars an amazing pad and invest the rest

I Got a dollar and a dream...
 
<span class=keyword_link><a href=/finance-dictionary/what-is-london-interbank-offer-rate-libor>LIBOR</a></span>:
No one is going to care if you buy an Audi at 22. Most likely they will think your parents bought it for you, and if not that, then they'll think you are a tool/idiot/dbag for dropping 60K on a car when you are 22. Plus, as mentioned, its an Audi. Its not like you are getting driven around in a Maybach or cruising in an Aston-Martin. Do what you want but do remember that we are probably going to see another financial crisis within the next three years and massive consolidation in the financial industry: that car might not be looking so slick if you ever lose your gig.

I like having a high leverage ratio on myself.

 
ekudfoekud:
<span class=keyword_link><a href=/finance-dictionary/what-is-london-interbank-offer-rate-libor>LIBOR</a></span>:
No one is going to care if you buy an Audi at 22. Most likely they will think your parents bought it for you, and if not that, then they'll think you are a tool/idiot/dbag for dropping 60K on a car when you are 22. Plus, as mentioned, its an Audi. Its not like you are getting driven around in a Maybach or cruising in an Aston-Martin. Do what you want but do remember that we are probably going to see another financial crisis within the next three years and massive consolidation in the financial industry: that car might not be looking so slick if you ever lose your gig.

I like having a high leverage ratio on myself.

ekudeofekude=dukeofduke don't feed the troll.

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 

Again, this is why I like the idea of a Ford Mustang GT Convertible if you're going to go with a car- ideally used but get one of the later models that has better gas mileage. 1/4 the squirrely rich kid factor, same sporty vibe.

Still, a Ninja 500 can kick your Audi's and my Mustang GT's butt on the 0-60- even giving a Ferrari or Lambo competition to within a few tenths of a second. And for a supersport Duc or Aprilia, there's really no contest short of ~150, a speed you're barely going to approach on the track in either vehicle.

Taking a bike past 130-140 mph for that matter isn't a whole lot of fun unless you've got stuff to help you mitigate headshake. So I would not recommend getting in any high speed chases unless you really enjoy visiting the chiropractor.

 

What do you guys recommend if you plan to go abroad after 2 years?...buy a nice used car or consider leasing a pre-owned/new car. I wasnt thinking anything crazy...anyone know how the Lexus IS350 or ISf are performance/luxury wise? Also anyone driven a BMW 1-series?

 
Gobears88:
What do you guys recommend if you plan to go abroad after 2 years?...buy a nice used car or consider leasing a pre-owned/new car. I wasnt thinking anything crazy...anyone know how the Lexus IS350 or ISf are performance/luxury wise? Also anyone driven a BMW 1-series?

I've driven a 1-series, it is a decent car for getting around the city, but nothing special and a bit small for my taste.

It really depends what you are going to use it for, how much you are going to use it, and where you are going to live. If you'll just be in the city, driving rarely, ZipCar is all you really need. Short term leases are generally a bad idea and I haven't seen many for a year, but what you might want to look at is purchasing a lease that someone wants out of, which might be cheaper. I would normally never advocate leasing a car, but if you know you'll have to leave in a year, it might be worth it so that you don't have to worry about reselling it before you go.

 

I still love the fact that MDs at Goldman Sachs drive in to work in 15-year-old minivans and rusted Hondas. This is classic, classic old-money behavior. Buy a car two years used, and proceed to drive it for the next 25 years doing repairs as necessary. This reminds me of the time I got a stain on my $10 T-shirt and took it to the drycleaners to spend $5 having it removed. I'm not old money but come from a similar culture.

 
IlliniProgrammer:
I still love the fact that MDs at Goldman Sachs drive in to work in 15-year-old minivans and rusted Hondas. This is classic, classic old-money behavior. Buy a car two years used, and proceed to drive it for the next 25 years doing repairs as necessary. This reminds me of the time I got a stain on my $10 T-shirt and took it to the drycleaners to spend $5 having it removed. I'm not old money but come from a similar culture.

the nicest car my dad ever had (for himself, this does not include my mother) was an old Tahoe. Meanwhile the people that worked for the people that worked for the people that worked for him, drove Ranges.

I wish I possessed quite that level of "dont give a shitness" but I dont.

ekudfoekud:
Cartwright:
my father taught me many things and chief among them was never finance a depreciating asset.

So you're never going to buy a car? And all companies should never pay for depreciating capital such as tractors, machines, factories, etc?

Also, better stop eating food since I'm pretty sure the value of a big mac depreciates when it comes out my asshole.

Wow. If you think you can't buy a car without financing it, I guess I blame your parents. Let me guess, home ownership is also "right", finances be damned?

 

OP is stupid. Why would you drop 60k on that shit out of college? At least get a used one and pay like half the price. Poor people who spend so much money on unimpressive fast cars are fucking stupid insecure bitches trying to make up for their small dick sizes. Wait until you're actually rich and buy an R8.

Weazel3: I think Lotus Elise's look really cool but I'd prob never buy one b/c they're supposed to be really small and uncomfortable on the inside since they're made purely for driving (I've never been inside one though). Their exotic design makes them look like they'd cost $100k more and you almost never see them around (at least where I live). Where I live, I'm pretty sure they'd confuse a lot of chicks. For only $40k it's a pretty sweet deal if you don't care about comfort.

NickTheRichard: Ride terribly? Are you serious? They're supposed to be one of the best riding cars and they have incredible handling.

 
TropicalFruit:
OP is stupid. Why would you drop 60k on that shit out of college? At least get a used one and pay like half the price. Poor people who spend so much money on unimpressive fast cars are fucking stupid insecure bitches trying to make up for their small dick sizes. Wait until you're actually rich and buy an R8.

Weazel3: I think Lotus Elise's look really cool but I'd prob never buy one b/c they're supposed to be really small and uncomfortable on the inside since they're made purely for driving (I've never been inside one though). Their exotic design makes them look like they'd cost $100k more and you almost never see them around (at least where I live). Where I live, I'm pretty sure they'd confuse a lot of chicks. For only $40k it's a pretty sweet deal if you don't care about comfort.

NickTheRichard: Ride terribly? Are you serious? They're supposed to be one of the best riding cars and they have incredible handling.

Thanks for the advice. Knowing what some guy who thinks a Lotus looks like a >$100k car thinks I should do gives me an undoubtedly clear idea of what I should do: the opposite of whatever this dude says.

 
ekudfoekud:
TropicalFruit:
OP is stupid. Why would you drop 60k on that shit out of college? At least get a used one and pay like half the price. Poor people who spend so much money on unimpressive fast cars are fucking stupid insecure bitches trying to make up for their small dick sizes. Wait until you're actually rich and buy an R8.

Weazel3: I think Lotus Elise's look really cool but I'd prob never buy one b/c they're supposed to be really small and uncomfortable on the inside since they're made purely for driving (I've never been inside one though). Their exotic design makes them look like they'd cost $100k more and you almost never see them around (at least where I live). Where I live, I'm pretty sure they'd confuse a lot of chicks. For only $40k it's a pretty sweet deal if you don't care about comfort.

NickTheRichard: Ride terribly? Are you serious? They're supposed to be one of the best riding cars and they have incredible handling.

Thanks for the advice. Knowing what some guy who thinks a Lotus looks like a >$100k car thinks I should do gives me an undoubtedly clear idea of what I should do: the opposite of whatever this dude says.

Don't kill yourself

 
ekudfoekud:
TropicalFruit:
OP is stupid. Why would you drop 60k on that shit out of college? At least get a used one and pay like half the price. Poor people who spend so much money on unimpressive fast cars are fucking stupid insecure bitches trying to make up for their small dick sizes. Wait until you're actually rich and buy an R8.

Weazel3: I think Lotus Elise's look really cool but I'd prob never buy one b/c they're supposed to be really small and uncomfortable on the inside since they're made purely for driving (I've never been inside one though). Their exotic design makes them look like they'd cost $100k more and you almost never see them around (at least where I live). Where I live, I'm pretty sure they'd confuse a lot of chicks. For only $40k it's a pretty sweet deal if you don't care about comfort.

NickTheRichard: Ride terribly? Are you serious? They're supposed to be one of the best riding cars and they have incredible handling.

Thanks for the advice. Knowing what some guy who thinks a Lotus looks like a >$100k car thinks I should do gives me an undoubtedly clear idea of what I should do: the opposite of whatever this dude says.

Don't sleep on Lotus, they've made some great cars in the past and look to be getting back into the game...srrrrriously...

http://www.autoblog.com/2010/11/01/report-esprit-only-new-lotus-under-d…

http://www.lotuscars.com/en/future-cars

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

i can assure you that your "60k" car will be min 75K by the time you pay it off....or you might sell it before the principle is paid and get raped on the depreciated value that you sold it for. Buying a new car is the worst way to spend money. You almost always incur a heavy loss. dude just buy a car that is 2 or three years old for a fraction of the price of a new one....

 
IlliniProgrammer:
So is anyone going to buy a rusty 10-year-old Honda for $4K? That is still my plan. I want to look like the height of Old Money transportation.

99 honda civic EX 80k miles 6k. You'd love it

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 
IlliniProgrammer:
So is anyone going to buy a rusty 10-year-old Honda for $4K? That is still my plan. I want to look like the height of Old Money transportation.
if you buy a shitty car to prove you are understated, you're still not really understated. you still give a shit and just try to prove really hard that you don't.
 
IlliniProgrammer:
Awesome. Does it have any rust? The drive train needs to be in excellent, well-maintained shape, but mild rust on the body is preferable.

No visible rust drive train, impeccable well maintained like it gets synthetic oil every 3500 miles and what not, perfect condition and ZERO ricer modifications

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 
IlliniProgrammer:
Drats. I will keep looking for my perfect-drive-train, rust-bucket-looking, old-moneymobile.

IP you can submerge it in water if you want haha.

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 

Hey Tropical Fruit- I am buying a $4700 '99 Honda with a perfect drivetrain but covered in large splotches of cosmetic rust that blackfinancier will sell me after he moves to NYC and gets hit with the acid rain. What are your plans for your OldMoneymobile? A 1997 Ford Windstar with working air-conditioning and the fuel economy package? It would leave a lot of room to keep a couple spare '80s vintage Hart-Schaffner-Marx suits in the back.

Guys, OldMoneymobiles are so much more elite- or at least fun to talk about- than fighting about $60K cars or whatever is supposed to be interesting. Let's start planning them.

 

I sold my Audi after I graduated school and I've been living in China for almost 3 years now... when I go back home for business school in another 18 months (or a little less) I think I'm gonna buy myself a serious ride... I'm a little afraid about what the kids at business school might think though.

from anyone who's been to business school --- how does that go over when some kids are taking out loans and living poor college student style and other kids roll around in brand new BMW convertis? I'm fearful of backlash and resentment

 

Are you all buying cars to save money?

Virtually every response in favour of used cars (instead of new ones) refers to lower purchase price (and slower depreciation in the next few years). Guys, this is well known in advance that used cars are cheaper than new cars, why to stress this point so much?

There are actually various reasons to opt for a new car instead of a used one - it all depends on the personal preferences. Benefits of buying a new car could be: 1) Better technical condition (it is clearly less probable that something will break down on a new car, as all the parts have their mileage life) 2) On average, you will spend less time in the car service with a new car 3) On average, you will spend less money on maintenance/repair (and will also be able to get some additional value out of warranty) 4) You will own a car that no one has driven before you, which might be very important psychologically (will you chose brand new clothes or opt for second-hand clothes for half the price, knowing that this thing was already used by someone?), and not just psychologically actually - new car smells like a new car :) 5) You will get better rates for car insurance 6) In terms of enjoyment it also differs - depends on the person, on what does this person want. Purchase of a new car could bring much more joy, while a purchase of a used car is usually driven by either financial constraints (of course, you should only buy something you could easily afford) or an attitude (for many people, buying a car is nothing more than an economic decision of buying means of transportation - in this case it is mostly about financial efficiency). Some other people think differently - they might work in order to being able to allow themselves certain lifestyle, and to allow themselves to actually SPEND money on what they love, not to think just about making as efficient financial decisions as possible all the time:)

So, people are different, and there is no single "correct" solution :) 7)

 

Everything IP said about bikes is true. Take it from the kid who did the opposite because he didn't know and almost killed himself enough times to realize it was time to walk away until he knew how to ride.

I am permanently behind on PMs, it's not personal.
 

I almost killed myself on a 250. Came into a turn at 50 mph on the track; should have been 45. Would have made it if it hadn't been raining, but got into a rear slide. Hit the ground at 40 mph; not fun. (No broken bones or hospital visits, though.)

But for every one or two of those instances I had on a smaller bike, I would have had three or four on a 600 cc.

 

I had no idea you rode. No idea.

Like I said, I went straight to a CBR 600xxr and it took a matter of months of not that frequent riding + three times I almost killed myself before I just sold my half to the other guy I bought it with and figured I'd come back when I was smart enough to ride.

I am permanently behind on PMs, it's not personal.
 
A Posse Ad Esse:
But what does Sterling Archer NOT rely on to impress women?
Was wondering as well. For someone so 'over it all', what is it that actually gets this person going. I ask this sincerely, as I do not see a car as impressive to women

perhaps someone will put this up as a new thread: what impresses women.

Get busy living
 
UFOinsider:
A Posse Ad Esse:
But what does Sterling Archer NOT rely on to impress women?
Was wondering as well. For someone so 'over it all', what is it that actually gets this person going. I ask this sincerely, as I do not see a car as impressive to women

perhaps someone will put this up as a new thread: what impresses women.

Do you even know the show to get the joke?
I am permanently behind on PMs, it's not personal.
 
Solidarity:
this guy is just that dukeofduke guy again

except his username is now spelled backwards

Which is why we have to saboutage the thread by taking it off-topic to talk about motorcycles and/or OldMoneymobiles. Best way to troll back at the trolls is to steer the conversation off in some random direction that renders their original supposedly inflammatory post irrelevant.
 
IlliniProgrammer:
Solidarity:
this guy is just that dukeofduke guy again

except his username is now spelled backwards

Which is why we have to saboutage the thread by taking it off-topic to talk about motorcycles and/or OldMoneymobiles. Best way to troll back at the trolls is to steer the conversation off in some random direction that renders their original supposedly inflammatory post irrelevant.

oldsmobile cutlas sierra, nothing says oldmoneymobiles like a brand with Old in it!

 

No. It's just that the height of old money prestige is driving into GS and paying $60 to park your cosmetically rusty $2300 minivan with an immaculately maintained drivetrain. Afterwards, you drive home, and go sailing on Long Island Sound in your 1927 25' sailboat which has also been very well taken care of, have your friendly cook make dinner in your original stainless steel kitchen that has not changed since 1914, and sleep on a bed that was hand-carved in Brittany in 1873 and has been in the family for five generations, even if it has a few dings and dents in it.

Why would anyone want anything different? Fast cars are for the aspirational spenders who need to borrow lots of money to buy something to make them feel happy. They need that happiness and we shouldn't be too mean to them. But everyone knows the height of prestige is driving a well-maintained rustbucket, sailing in a well-maintained rustbucket, and living in a well-maintained rust-bucket.

So now that you have graduated to the more prestigious old-money class, what kind of well-maintained $5K rustbucket are you going to drive? Mine will be a '99 Honda with rust splotches on it with an impeccable drive train. You can drive a newly-borrowed-money $60K Audi, or you can choose to drive a '77 Volvo Station Wagon with the air-conditioner still working- much rarer than one of these newfangled LookAtMeMobile thingamabobs and also leaving you a lot more room for ferrying impressionist artwork to and from Sotheby's.

 
IlliniProgrammer:
No. It's just that the height of old money prestige is driving into GS and paying $60 to park your cosmetically rusty $2300 minivan with an immaculately maintained drivetrain. Afterwards, you drive home, and go sailing on Long Island Sound in your 1927 25' sailboat which has also been very well taken care of, have your friendly cook make dinner in your original stainless steel kitchen that has not changed since 1914, and sleep on a bed that was hand-carved in Brittany in 1873 and has been in the family for five generations, even if it has a few dings and dents in it.

Why would anyone want anything different? Fast cars are for the aspirational spenders who need to borrow lots of money to buy something to make them feel happy. They need that happiness and we shouldn't be too mean to them. But everyone knows the height of prestige is driving a well-maintained rustbucket, sailing in a well-maintained rustbucket, and living in a well-maintained rust-bucket.

Couldn't agree more. I can't think of a more fun way to spend a Sunday afternoon than repairing the transmission in your 1990s GMC, putting a new window in the addition you're building, or patching a hole in your canoe by hand. I just pity the people who are so insecure that they can't enjoy such things.

 
drexelalum11:
IlliniProgrammer:
No. It's just that the height of old money prestige is driving into GS and paying $60 to park your cosmetically rusty $2300 minivan with an immaculately maintained drivetrain. Afterwards, you drive home, and go sailing on Long Island Sound in your 1927 25' sailboat which has also been very well taken care of, have your friendly cook make dinner in your original stainless steel kitchen that has not changed since 1914, and sleep on a bed that was hand-carved in Brittany in 1873 and has been in the family for five generations, even if it has a few dings and dents in it.

Why would anyone want anything different? Fast cars are for the aspirational spenders who need to borrow lots of money to buy something to make them feel happy. They need that happiness and we shouldn't be too mean to them. But everyone knows the height of prestige is driving a well-maintained rustbucket, sailing in a well-maintained rustbucket, and living in a well-maintained rust-bucket.

Couldn't agree more. I can't think of a more fun way to spend a Sunday afternoon than repairing the transmission in your 1990s GMC, putting a new window in the addition you're building, or patching a hole in your canoe by hand. I just pity the people who are so insecure that they can't enjoy such things.

Uhh why the hell would not finding excitement in manual labor that I can pay someone to do make me insecure? Maybe you're insecure by calling everyone else who doesn't like or agree with you insecure. Sorry, u mad?

 
IlliniProgrammer:
No. It's just that the height of old money prestige is driving into GS and paying $60 to park your cosmetically rusty $2300 minivan with an immaculately maintained drivetrain. Afterwards, you drive home, and go sailing on Long Island Sound in your 1927 25' sailboat which has also been very well taken care of, have your friendly cook make dinner in your original stainless steel kitchen that has not changed since 1914, and sleep on a bed that was hand-carved in Brittany in 1873 and has been in the family for five generations, even if it has a few dings and dents in it.

Why would anyone want anything different? Fast cars are for the aspirational spenders who need to borrow lots of money to buy something to make them feel happy. They need that happiness and we shouldn't be too mean to them. But everyone knows the height of prestige is driving a well-maintained rustbucket, sailing in a well-maintained rustbucket, and living in a well-maintained rust-bucket.

So now that you have graduated to the more prestigious old-money class, what kind of well-maintained $5K rustbucket are you going to drive? Mine will be a '99 Honda with rust splotches on it with an impeccable drive train. You can drive a newly-borrowed-money $60K Audi, or you can choose to drive a '77 Volvo Station Wagon with the air-conditioner still working- much rarer than one of these newfangled LookAtMeMobile thingamabobs and also leaving you a lot more room for ferrying impressionist artwork to and from Sotheby's.

Since when did having a shitty car and refusing to enter the 21st century? Old money, is estates, fine aged wine, tailored clothing, vintage european cars (ex. Betnleys, Rolls Royce, select Benz models), classic yachts. New money on the other had is McMansions, austentatious many times poor quality designer labels (ex. Gucci, Louis, Prada), Cristal and Dom, pastel colored lambos and ferraris, and 500 foot yachts with more ammenities then a 7 star hotel.
 
Studiofan:
Since when did having a shitty car and refusing to enter the 21st century? Old money, is estates, fine aged wine, tailored clothing, vintage european cars (ex. Betnleys, Rolls Royce, select Benz models), classic yachts. New money on the other had is McMansions, austentatious many times poor quality designer labels (ex. Gucci, Louis, Prada), Cristal and Dom, pastel colored lambos and ferraris, and 500 foot yachts with more ammenities then a 7 star hotel.
You've watched too many movies of us. It is time to graduate to old money with vintage well-made cars like Volvos and Hondas. Besides, flaunting wealth is bad for business.
 

Are A5s 60K?

Buying a car brand new is a waste of money. There is probably no durable good that depreciates more during the first week of ownership than a brand new car. Why not just buy a used A5 for like 30K?

http://cgi.ebay.com/ebaymotors/Audi-A5-2-0T-quattro-2010-Audi-A5-_W0QQc…

And when is see a kid driving a car like that, the first thing I wonder is "when's the last time that tool got laid?" If you're going to blow your money, at least blow it on cool shit. Like bottles, vacations, clothes, a bad ass apartment. Whatever. No one is going to see you in your sweet Audi. If they do, they probably won't give a shit...especially if you're living in the city.

 
Dr Barnaby Fulton:
Are A5s 60K?

Buying a car brand new is a waste of money. There is probably no durable good that depreciates more during the first week of ownership than a brand new car. Why not just buy a used A5 for like 30K?

http://cgi.ebay.com/ebaymotors/Audi-A5-2-0T-quattro-2010-Audi-A5-_W0QQc…

And when is see a kid driving a car like that, the first thing I wonder is "when's the last time that tool got laid?" If you're going to blow your money, at least blow it on cool shit. Like bottles, vacations, clothes, a bad ass apartment. Whatever. No one is going to see you in your sweet Audi. If they do, they probably won't give a shit...especially if you're living in the city.

A5s are different from S5. Kind of like comparing a BMW M3 with a 3 series. With the M corresponding to the S in audi
 
Studiofan:
Dr Barnaby Fulton:
Are A5s 60K?

Buying a car brand new is a waste of money. There is probably no durable good that depreciates more during the first week of ownership than a brand new car. Why not just buy a used A5 for like 30K?

http://cgi.ebay.com/ebaymotors/Audi-A5-2-0T-quattro-2010-Audi-A5-_W0QQc…

And when is see a kid driving a car like that, the first thing I wonder is "when's the last time that tool got laid?" If you're going to blow your money, at least blow it on cool shit. Like bottles, vacations, clothes, a bad ass apartment. Whatever. No one is going to see you in your sweet Audi. If they do, they probably won't give a shit...especially if you're living in the city.

A5s are different from S5. Kind of like comparing a BMW M3 with a 3 series. With the M corresponding to the S in audi

Haha Dr. Barnaby that is a foolish comparison....

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 

What IP is saying is so true. Some of the riches people I have ever met's cars:

Toyota Prius BMW 3 Series (2) An old Merc BMW 6 series (2) An old Volvo

Many of these people are worth hundreds (or at least tens) of millions. Not a single one has a Ferrari or other supercar. I have met people that own Ferraris, Maseratis, etc. but they are not as wealthy as those above; supercars are not as popular among the ultra rich as most people think. If the ultra rich bought supercars like the middle class buys BMWs, there would be a LOT more Ferraris, Aston Martins, Maseratis, etc. on the road.

 
alexpasch:
What IP is saying is so true. Some of the riches people I have ever met's cars:

Toyota Prius BMW 3 Series (2) An old Merc BMW 6 series (2) An old Volvo

Many of these people are worth hundreds (or at least tens) of millions. Not a single one has a Ferrari or other supercar. I have met people that own Ferraris, Maseratis, etc. but they are not as wealthy as those above; supercars are not as popular among the ultra rich as most people think. If the ultra rich bought supercars like the middle class buys BMWs, there would be a LOT more Ferraris, Aston Martins, Maseratis, etc. on the road.

Wow what a bunch of f-ing morons. Can't wait to show them up after I make my billions.

 
ekudfoekud:
Wow what a bunch of f-ing morons. Can't wait to show them up after I make my billions.
Sweet. Then uncle Warren will show up in his Volvo with $70 Billion of Berkshire stock certificates in the back, waive out the open window (his AC is broken), and everyone will turn to stand in awe of his amazing Oldmoneymobile.

I really hope you get the affirmation you need from your BorrowedMoneyMobile. For us long-term rich folks, people know we're rich when they see us driving our clunkers, and we do not really see the point of buying a car that makes most people think we're in debt up to our eyeballs.

 
blackfinancier:
Studiofan:
Dr Barnaby Fulton:
Are A5s 60K?

Buying a car brand new is a waste of money. There is probably no durable good that depreciates more during the first week of ownership than a brand new car. Why not just buy a used A5 for like 30K?

http://cgi.ebay.com/ebaymotors/Audi-A5-2-0T-quattro-2010-Audi-A5-_W0QQc…

And when is see a kid driving a car like that, the first thing I wonder is "when's the last time that tool got laid?" If you're going to blow your money, at least blow it on cool shit. Like bottles, vacations, clothes, a bad ass apartment. Whatever. No one is going to see you in your sweet Audi. If they do, they probably won't give a shit...especially if you're living in the city.

A5s are different from S5. Kind of like comparing a BMW M3 with a 3 series. With the M corresponding to the S in audi

Haha Dr. Barnaby that is a foolish comparison....

My bad. I may be foolish, but I guarantee you the average slam piece doesn't know the difference either.

OP,

If you're going to get some wheels, you should get a Triumph Bonneville. Cooler, cheaper, classic, more fun to ride (especially in the city) and will be cool for a life time. You're S5 is going to be outdated in 2 years.

 
Dr Barnaby Fulton:
blackfinancier:
Studiofan:
Dr Barnaby Fulton:
Are A5s 60K?

Buying a car brand new is a waste of money. There is probably no durable good that depreciates more during the first week of ownership than a brand new car. Why not just buy a used A5 for like 30K?

http://cgi.ebay.com/ebaymotors/Audi-A5-2-0T-quattro-2010-Audi-A5-_W0QQc…

And when is see a kid driving a car like that, the first thing I wonder is "when's the last time that tool got laid?" If you're going to blow your money, at least blow it on cool shit. Like bottles, vacations, clothes, a bad ass apartment. Whatever. No one is going to see you in your sweet Audi. If they do, they probably won't give a shit...especially if you're living in the city.

A5s are different from S5. Kind of like comparing a BMW M3 with a 3 series. With the M corresponding to the S in audi

Haha Dr. Barnaby that is a foolish comparison....

My bad. I may be foolish, but I guarantee you the average slam piece doesn't know the difference either.

OP,

If you're going to get some wheels, you should get a Triumph Bonneville. Cooler, cheaper, classic, more fun to ride (especially in the city) and will be cool for a life time. You're S5 is going to be outdated in 2 years.

Why would you buy a car to impress a girl? Also the OP is a troll. So Troll is Successful and you made a bad comparison haha. Life is rough

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 

Here is the break down of the wealthy people I have met....

5-10MM Net Worth- Most have 2-5 cars: Beamers, Benzs, Aston Martins, Masserati, Porsches, Bentleys, Ferarris (they are not afraid to flaunt their wealth)

10-50MM Net Worth- Usally a Benz or Beamer much less in your face ( I have money but I dont want to make it known to the world)

1B+ Only know one person worth this much and he drives a s550, his son on the other hand who is planning to live of the trust fund has a yellow Lambo.

 
Studiofan:
Here is the break down of the wealthy people I have met....

5-10MM Net Worth- Most have 2-5 cars: Beamers, Benzs, Aston Martins, Masserati, Porsches, Bentleys, Ferarris (they are not afraid to flaunt their wealth)

10-50MM Net Worth- Usally a Benz or Beamer much less in your face ( I have money but I dont want to make it known to the world)

1B+ Only know one person worth this much and he drives a s550, his son on the other hand who is planning to live of the trust fund has a yellow Lambo.

You personally know a Billionaire that is pretty sweet.

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 
blackfinancier:
Studiofan:
Here is the break down of the wealthy people I have met....

5-10MM Net Worth- Most have 2-5 cars: Beamers, Benzs, Aston Martins, Masserati, Porsches, Bentleys, Ferarris (they are not afraid to flaunt their wealth)

10-50MM Net Worth- Usally a Benz or Beamer much less in your face ( I have money but I dont want to make it known to the world)

1B+ Only know one person worth this much and he drives a s550, his son on the other hand who is planning to live of the trust fund has a yellow Lambo.

You personally know a Billionaire that is pretty sweet.

You don't know any billionaires? You hang out with a bunch of losers.

 
blackfinancier:
Studiofan:
Here is the break down of the wealthy people I have met....

5-10MM Net Worth- Most have 2-5 cars: Beamers, Benzs, Aston Martins, Masserati, Porsches, Bentleys, Ferarris (they are not afraid to flaunt their wealth)

10-50MM Net Worth- Usally a Benz or Beamer much less in your face ( I have money but I dont want to make it known to the world)

1B+ Only know one person worth this much and he drives a s550, his son on the other hand who is planning to live of the trust fund has a yellow Lambo.

You personally know a Billionaire that is pretty sweet.

Haha he is a close friend of my dad's, he sold a majority ownership in his tech business at the height of the bubble and is also a very intelegent investor
 
YouMyBoyBlue:
I don't plan on buying a car for a long time. When you live/work in London, the tube gets you everywhere and the traffic is the most infuriating thing possible.

I'd imagine it's the same for most New Yorkers.

To be honest, a car makes even less sense in New York, which boasts a better underground than London (hardly difficult), cheaper taxis, worse traffic, and less parking.

 
drexelalum11:
YouMyBoyBlue:
I don't plan on buying a car for a long time. When you live/work in London, the tube gets you everywhere and the traffic is the most infuriating thing possible.

I'd imagine it's the same for most New Yorkers.

To be honest, a car makes even less sense in New York, which boasts a better underground than London (hardly difficult), cheaper taxis, worse traffic, and less parking.

...worse traffic and less parking than London? Have to disagree there. London was largely designed pre-1800, when people still predominantly walked in the streets. There are streets in London barely fit for one lane of traffic, nevermind parking.

The Subway (in Manhattan, at least - outer boroughs are a different story) and Tube are a push - Manhattan subway is convenient because Manhattan is a rectangle, but the Tube is in much better condition.

 

Why would someone want to buy a car to look like old money or new money? Who cares if people think your wealthy or not. Society puts too much emphasis on what others think. I will drive whatever I want to drive.....be it a Honda Accord or Ferrari.

"yeah, thats right" High-Five
 

Ratione nihil enim magnam voluptatem iure quasi pariatur. Voluptatem consequatur esse et eligendi non delectus ea. Omnis ex eos consequatur reprehenderit reprehenderit et deserunt. Nostrum nihil non sint fuga a laborum maxime.

 

Assumenda cum tempora enim consequuntur iure quam accusamus. Quia facere eius vel. Totam sint ullam tenetur consequatur. Dolorem delectus corrupti nam provident qui consequatur. Et quia tempore aut dolor consequatur.

Quia dolorem id quasi quia dolorem. Rerum impedit aut dolore id numquam quam ipsa. Omnis quia reprehenderit et est est fugit consequuntur. Quia possimus et perferendis ea vitae commodi. Qui expedita iure consequatur minima odio.

 

Sint quis sunt et et. Occaecati dignissimos cupiditate error assumenda quis minima.

Voluptas mollitia laboriosam consequatur fugiat. Veritatis est aut ipsum ratione fugit dignissimos sunt. Dolores eaque veniam distinctio est corrupti perspiciatis vel.

Occaecati optio quisquam molestiae aut quod dolorem. Sit et perspiciatis illo fuga. Ipsam est minus voluptatem alias quos esse.

Ratione molestias doloribus ipsam suscipit veniam ullam. Consectetur et nihil corporis voluptatum minus saepe cupiditate reiciendis.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
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

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
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...”