I like it too.

The car looks a lot better in person.

 

well the S is $15,400 more...so he'd have to be on a 24 month term to make the payment $650 higher...I don't think most people buy really expensive cars on that short of a term...Forbes says the median 911 buyer makes $390,000/yr (Link); I'm sure for those people it is just easier to pay cash and forget about filling out the paperwork for a loan.
But the point remains, $15k more is substantial.

 

I don't know if a salary of 400k justifies buying a 100k car with cash (both numbers rounded).

If you take home 200k (the is assuming living in California), and have funded your IRA (50k gross) so your take home is more like 175k, then you consider house payment. Lets say 5000/month round number= 60k...take home is 115k. Monthly expenses plus vacation=115k. You are SOL.

These are real numbers. Soooo, that car is on your corporate lease, or a straight up purchase or lease.

 

Gotta love the Panamera.


Anybody have links of this car outperforming the S2000? Or are we not debating it this time?

 

ha. I guess it isn't about how much you make, but how much you spend, right?


It's not as grim as you make it out to be though:

-If you have $60k a year of mortgage payments and you incremental tax rate is 50%, you're going to get back like $25k in taxes

-I guess it depends on what kind of vacation you take, but $115k for just living expense (not including mortgage and car payments and savings) is pretty insane...$10,000 a month? I mean, I know people that make WAY more than $400k a year and don't spend that much consistently (some months, sure). My wife and I go out to eat at will, go where we go when we want to, belong to expensive wine clubs, etc and I don't think we've EVER had a $10,000 bill unless we bought an expensive durable item that month (like a couch set, or a new TV, or remodeled the pool). You run out of those types of things to buy pretty quickly if you're doing it every month.

-I'm sure when you've got it, you find a way to spend it...art, cristal, throwing $1M baby showers for your mistress, but it still sounds like a spending problem and that problem would probably exist at any level of income.

I don't know, I'd consider buying a porsche in cash next time we're due for a new car, and we don't make $400k a year. Then again we don't make $400k a year and save more than $50k a year, so maybe we're just fiscally conservative.
I guess the point I'm trying to make is that if you make $400k a year and don't buy your panamera in cash, it was a choice - you certainly COULD have, you just blew it on crack, hookers, and copious amounts of bling.

 

Dombey, I did miscalculate. The 10k/ month should have included the mortgage payment. I bought my Murci cash so I know how long it takes to save a disposable 100k. It's not easy

 

Let me sum it up for you,

Which is a ragtop? Advantage S2000

Which is pretty? Advantage S2000

Which doesn't cost as much as a small house? Advantage S2000

Debate over.

 

Good writeup. I checked out a Bananarama Turbo the other day (didn't drive it) and I was surprised at how much better it looks in person than in photos, and at how HUGE it is.

 

yeah I hear you; it's tough not to spend it or invest it...not to mention it is a lot of money. I'm racking it up to pay off my IS-F at the 2 yr mark (just to get rid of the payment)...and it sucks.
Not nearly as much as it would suck to save up for a lambo though!