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?

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Comments (74)

Aug 12, 2021 - 3:20pm

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.

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Most Helpful
Aug 12, 2021 - 3:33pm

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.

Aug 13, 2021 - 2:27am

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.

Aug 13, 2021 - 9:54am

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.

Aug 13, 2021 - 9:59am

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.

Sep 4, 2021 - 2:22pm

PaulTwodoorJones

That's wild. From my understanding not everybody can get a Laferrari (not considering price). How did he get his hands on one ?

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.

SafariJoe, wins again!
Aug 13, 2021 - 3:59am

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.

Aug 13, 2021 - 9:58am

I have a 2014 911S 7-speed, a 1976 911S and a 1981 911SC.  Very fun cars to drive.

  • 2
  • Intern in IB-M&A
Aug 15, 2021 - 12:01pm

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.

Sep 4, 2021 - 1:46pm

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

SafariJoe, wins again!
  • Investment Manager in HF - Other
Sep 5, 2021 - 9:12am

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. 

Sep 5, 2021 - 1:18am

Investment Manager in HF - Other

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. 

Which version of the turbo? 997. 991, 992?

SafariJoe, wins again!
Sep 5, 2021 - 12:36am

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

  • Analyst 2 in IB-M&A
Sep 7, 2021 - 6:09pm

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. 

  • Analyst 1 in IB - Gen
Sep 7, 2021 - 6:12pm

Did you already have decent savings or something before starting FT? Looks kinda pricey for a first year analyst? Assuming not NYC here too

Sep 13, 2021 - 2:45am

New arrival.Aston martin vantage convertible.

SafariJoe, wins again!
Sep 13, 2021 - 8:20pm

PaulTwodoorJones

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.

SafariJoe, wins again!
Sep 13, 2021 - 8:22pm

Sadly, this app does not make it feasible to add a picture, even though it provides the icon to.

SafariJoe, wins again!
Sep 13, 2021 - 9:19pm

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