I don't want to sound too harsh but thats a joke, right?

I know many people who make that much and its not near enough money to be able to [I]comfortably[I] afford a Ferrari. I would say at least 250,000 a year, but more like 1 million in the bank (meaning not locked up in CDs or Stocks or whatever) and making $300,000+ a year.

At $150,000 you have to think about kids college (your not getting any financial aid) and if they go private your spending at least $20k a year. Have multiple kids, add more. House in the burbs, mortgage check every month. Wife is screwing the pizza delivery guy?, cut your earnings in half.

I think you have to make much, much more than the car is worth. I mean this is a vehicle, not a house. This is not some 30 year investment. I don't think we would be telling guys who work at Red Lobster and make $18,000 a year to go out and buy a new S2000.
You buy within your means, and if your making $150,000 a year, a $160,000 car is not within your means

IMHO

Note: I noticed you said "unless you have a huge mortgage" so disregard some of my statements.

2nd Note: Spell check doesn't know Ferrari and wants to change it to "Farrari", also it doesn't know "S2000" it makes suggestions for the "S".

 

Figure inflation, and one of those two numbers might be a little higher.

 

you would also have to figure that everything else they buy is more expensive....

i mean house/clothes/accessories/etc....

some people actually dont care about what the car can do....as opposed to the "name" of the car.....

you could afford a ferrari only making $100K a year....but you might live in a $100K house....

there are so many factors you have to look at

 

$50K















But I'd need a generous wife with a six figure income.

 

I think someone makes enough money to own a Ferrari when they have enough money in the bank to write a check.

 

It depends on disposable income not just how much you make.

 

my uncle is the sultan of brunei. i drive a corolla.

 

You know what I find interesting? Take an '85 Ferrari 308 (or whatever it was back then) and compare it to your 02 S2K, it'll get the pants spanked off of it, and your build quality is a zillion times better. Hell, your car probably spanks a 328, maybe even a 348. I say, you already have your Ferrari, you just don't know it.

The point is also that you really can't save for a Ferrari 'cause by the time you save up for it, it's weaker than a new Civic.

Oh yeah, and if you have to ask how much a new Ferrari is you can't afford one, that's how much you have to make, enough that you don't have to ask the price.

 

I'd probably want between $250K and $300K a year plus about $1M in savings/investments.

That said, if I made $1M in any given year, I'd probably consider buying one straight out. Still, those things are expensive to maintain and I'd want an awfully high disposable income before I plunked down $200K on an F430.

 

It would be an F40 before an F430 for me...