Should I buy a sportscar as an incoming analyst?
I signed a FT offer a few months back in a LCOL city. The firm pays street comp so I should be looking at total compensation in the 150-200k range as an AN1. I don't have a huge connection to the city, but I know I don't want to be in NY/SF long term so I thought going this route made the most sense for me.
I love corvette's and have never been a big car guy before. Given the opportunity I have as a young, single guy making a decent salary, I think that now makes the most sense to buy one if I am ever going to. I don't think I could justify having multiple cars while I have a young family, so my thinking is that I either get the car before I have a family, or wait many years down the road.
I love the new C8's but they are unfortunately out of the price range as they are all around 100k. I will most likely be looking at used 2014-2017 c7's that will probably be around 40-50k. My plan would be to resell it in a few years without losing too much value to depreciation. Is this unreasonable as an AN1? Part of my thinking is that it will just be impractical as my only car if I have to move stuff or take people around/ mundane tasks. But I really want it and think this might be the best time do it.