Author Topic: Do any Mustachian in here own expensive cars ???  (Read 18533 times)

Last Night

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Re: Do any Mustachian in here own expensive cars ???
« Reply #50 on: January 12, 2017, 07:26:30 AM »
Currently drive a 12 year old Toyota as a daily and I've always had nicer "fun cars"

The good thing about "dream cars" or whatever you want to call them is that many don't depreciate the same as regular cars, mostly because of enthusiasts propping up the market and because they are well maintained and not driven a lot.  With that said, my last nice car was a BMW M3.  I owned it for 6 years, I put 30k miles on it over that period and sold it for 80% of what I paid for it (used).  That's less than 4% of annual depreciation.

If you do the math, a regular car depreciates at 15% a  year:

Regular car: $30k @15% depreciation will be ~11k after 6 years.
Enthusiast car (BMW M3): $30k @ less than 4% depreciation is $23k.

The biggest argument MMM makes about cars is wealth erosion and he is 100% correct, however for some of us cars are part of our life.  I definitely wouldn't sacrifice my financial security over a piece of metal, but I am always thinking/looking of how to make it part of my life for the least amount of money.

Had I bought a Porsche instead of a BMW I would've made money in appreciation, but we are in a bubble when it comes to Porsche pricing at the moment.

Regardless, there are some great examples of cars that you can own and enjoy without losing your shirt on (BMW M3, Honda S2000, Honda NSX, Toyota Supra, MB SL, etc).  European/Japanese cars have a very strong/cult like following, kind of like the old muscle cars from the 60's, this is the next wave.

For those of you still not buying it, check www.bringatrailer.com and see for yourself what "collector" cars are going for.
« Last Edit: January 12, 2017, 08:47:34 AM by Last Night »

rtrnow

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Re: Do any Mustachian in here own expensive cars ???
« Reply #51 on: January 12, 2017, 07:59:18 AM »


I would dearly love a Porsche 911 4S cabriolet -- never felt so safe going around a corner at ridiculous speed; I don't think I could push that puppy off the road if I tried (as compared to the Mustang, which corners like a truck).

What year mustang? The newer ones handle really well. Now my 01GT on the other hand was fun but could be scary in the corners. I had a G37 6MT 4 door which I really enjoyed, but the maintenance cost got old quickly. My fit is the longest I've owned a car. The fit is a surprisingly good handling car for what it is, and the manual shifts well and doesn't mind quick shifts or down shifting to redline. I do miss the power on occasion. If honda put out an SI version, I would probably buy it. 

Secretly Saving

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Re: Do any Mustachian in here own expensive cars ???
« Reply #52 on: January 12, 2017, 08:08:58 AM »
Currently drive a 12 year old Toyota as a daily and I've always had nicer "fun cars"

The good thing about "dream cars" or whatever you want to call them is that many don't depreciate the same as regular cars, mostly because of enthusiasts propping up the market and because they are well maintained and not driven a lot.  With that said, my last nice car was a BMW M3.  I owned it for 6 years, I put 30k miles on it over that period and sold it for 80% of what I paid for it (used).  That's less than 4% of annual depreciation.

If you do the math, a regular car depreciates at 15% a  year:

Regular car: $30k @15% depreciation will be ~11k after 6 years.
Enthusiast car (BMW M3): $30k @ less than 4% depreciation is $23k.

The biggest argument MMM makes about cars is wealth erosion and he is 100% correct, however for some of us cars are part of our life.  I definitely wouldn't sacrifice my financial security over a piece of metal, but I am always thinking/looking of how to make it part of my life for the least amount of money.

Had a bought a Porsche instead of a BMW I would've made money in appreciation, but we are in a bubble when it comes to Porsche pricing at the moment.

Regardless, there are some great examples of cars that you can own and enjoy without losing your shirt on (BMW M3, Honda S2000, Honda NSX, Toyota Supra, MB SL, etc).  European/Japanese cars have a very strong/cult like following, kind of like the old muscle cars from the 60's, this is the next wave.

For those of you still not buying it, check www.bringatrailer.com and see for yourself what "collector" cars are going for.


I agree with all of this.  We have used the classic car market to increase our net worth quite efficiently.  That said, I think that it is absolutely NOT for people who don't know cars, aren't handy and certainly not for people that have debt that they need to address.

A while back I inquired about people who were using other types of investment strategies.  I was thinking cars, art, antiques, wine - you know the stuff on the fringes that people usually see as wasteful extravagances (and that usually are), but that CAN be lucrative if you know what you are doing.  I  was basically told that those were not ways to make money/investments.  Since then I've stayed fairly quiet about our extra strategies and how successful they have been for us...  (Yep, we've used Bring a Trailer. ) I figured that maybe this wasn't the right forum those types of topics.  But, hey, that just leaves more opportunity for us if fewer people know about it.  It's like flipping houses.  Now the market is saturated with people who want to flip houses and it's harder to find a great deal in our area. 

Camarillo Brillo

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Re: Do any Mustachian in here own expensive cars ???
« Reply #53 on: January 12, 2017, 08:22:05 AM »
Yep, I own several.

I've been lucky and have picked cars that have all gone up in value.

Currently I have: 1) 1975 Porsche Carrera Coupe valued at $120K, 2) 1990 Porsche C2 Cabriolet valued at $38K, and 3) 1996 Porsche  C2 Couple valued at $55K.  In the spring I'm selling my Audi Q6 daily driver and will replace it with a 2001 - 2004 Porsche Turbo Coupe.   That will probably run about $50K.

My justification is that cars are my main hobby, they have not been declining in value, and they collectively represent a very small percentage of my net worth.  And, in a pinch, with the exception of the '90 Cab, they are all very easy to sell.

Camarillo Brillo

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Re: Do any Mustachian in here own expensive cars ???
« Reply #54 on: January 12, 2017, 08:33:31 AM »
Currently drive a 12 year old Toyota as a daily and I've always had nicer "fun cars"

The good thing about "dream cars" or whatever you want to call them is that many don't depreciate the same as regular cars, mostly because of enthusiasts propping up the market and because they are well maintained and not driven a lot.  With that said, my last nice car was a BMW M3.  I owned it for 6 years, I put 30k miles on it over that period and sold it for 80% of what I paid for it (used).  That's less than 4% of annual depreciation.

If you do the math, a regular car depreciates at 15% a  year:

Regular car: $30k @15% depreciation will be ~11k after 6 years.
Enthusiast car (BMW M3): $30k @ less than 4% depreciation is $23k.

The biggest argument MMM makes about cars is wealth erosion and he is 100% correct, however for some of us cars are part of our life.  I definitely wouldn't sacrifice my financial security over a piece of metal, but I am always thinking/looking of how to make it part of my life for the least amount of money.

Had a bought a Porsche instead of a BMW I would've made money in appreciation, but we are in a bubble when it comes to Porsche pricing at the moment.

Regardless, there are some great examples of cars that you can own and enjoy without losing your shirt on (BMW M3, Honda S2000, Honda NSX, Toyota Supra, MB SL, etc).  European/Japanese cars have a very strong/cult like following, kind of like the old muscle cars from the 60's, this is the next wave.

For those of you still not buying it, check www.bringatrailer.com and see for yourself what "collector" cars are going for.


I agree with all of this.  We have used the classic car market to increase our net worth quite efficiently.  That said, I think that it is absolutely NOT for people who don't know cars, aren't handy and certainly not for people that have debt that they need to address.

A while back I inquired about people who were using other types of investment strategies.  I was thinking cars, art, antiques, wine - you know the stuff on the fringes that people usually see as wasteful extravagances (and that usually are), but that CAN be lucrative if you know what you are doing.  I  was basically told that those were not ways to make money/investments.  Since then I've stayed fairly quiet about our extra strategies and how successful they have been for us...  (Yep, we've used Bring a Trailer. ) I figured that maybe this wasn't the right forum those types of topics.  But, hey, that just leaves more opportunity for us if fewer people know about it.  It's like flipping houses.  Now the market is saturated with people who want to flip houses and it's harder to find a great deal in our area.

Hah, the 1st site I hit every morning is BaT.  When I was 26 I bought my 1st Porsche.  It was a '73 911S coupe with 60,000 miles, and I paid $12,000.  Over the next 19 years I drove it over 220,000 miles, restored it twice, and sold it for $62,500.  I thought I hit a home run, only to watch the guy I sold it to sell it for $241,000 at Amelia Island.  The Concours  judges at Amelia declared it 'the standard by witch all early 911's were to be judged'.  It was a beauty.

Chris22

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Re: Do any Mustachian in here own expensive cars ???
« Reply #55 on: January 12, 2017, 08:42:35 AM »
I have a third enthusiast car, and agree, given its resale value, it costs me very little to own it.  Probably around $1k/yr for the 10 years I've owned it, and I don't anticipate selling it any time soon.  As my sig notes, I have little use for money if I can't spend it on cars. 

My other cars (wife's and mine) are very expensive relative to the average MMMer, but it's my money, and they are a small percentage of our NW and income.

Last Night

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Re: Do any Mustachian in here own expensive cars ???
« Reply #56 on: January 12, 2017, 08:46:24 AM »
Currently drive a 12 year old Toyota as a daily and I've always had nicer "fun cars"

The good thing about "dream cars" or whatever you want to call them is that many don't depreciate the same as regular cars, mostly because of enthusiasts propping up the market and because they are well maintained and not driven a lot.  With that said, my last nice car was a BMW M3.  I owned it for 6 years, I put 30k miles on it over that period and sold it for 80% of what I paid for it (used).  That's less than 4% of annual depreciation.

If you do the math, a regular car depreciates at 15% a  year:

Regular car: $30k @15% depreciation will be ~11k after 6 years.
Enthusiast car (BMW M3): $30k @ less than 4% depreciation is $23k.

The biggest argument MMM makes about cars is wealth erosion and he is 100% correct, however for some of us cars are part of our life.  I definitely wouldn't sacrifice my financial security over a piece of metal, but I am always thinking/looking of how to make it part of my life for the least amount of money.

Had a bought a Porsche instead of a BMW I would've made money in appreciation, but we are in a bubble when it comes to Porsche pricing at the moment.

Regardless, there are some great examples of cars that you can own and enjoy without losing your shirt on (BMW M3, Honda S2000, Honda NSX, Toyota Supra, MB SL, etc).  European/Japanese cars have a very strong/cult like following, kind of like the old muscle cars from the 60's, this is the next wave.

For those of you still not buying it, check www.bringatrailer.com and see for yourself what "collector" cars are going for.


I agree with all of this.  We have used the classic car market to increase our net worth quite efficiently.  That said, I think that it is absolutely NOT for people who don't know cars, aren't handy and certainly not for people that have debt that they need to address.

A while back I inquired about people who were using other types of investment strategies.  I was thinking cars, art, antiques, wine - you know the stuff on the fringes that people usually see as wasteful extravagances (and that usually are), but that CAN be lucrative if you know what you are doing.  I  was basically told that those were not ways to make money/investments.  Since then I've stayed fairly quiet about our extra strategies and how successful they have been for us...  (Yep, we've used Bring a Trailer. ) I figured that maybe this wasn't the right forum those types of topics.  But, hey, that just leaves more opportunity for us if fewer people know about it.  It's like flipping houses.  Now the market is saturated with people who want to flip houses and it's harder to find a great deal in our area.

Hah, the 1st site I hit every morning is BaT.  When I was 26 I bought my 1st Porsche.  It was a '73 911S coupe with 60,000 miles, and I paid $12,000.  Over the next 19 years I drove it over 220,000 miles, restored it twice, and sold it for $62,500.  I thought I hit a home run, only to watch the guy I sold it to sell it for $241,000 at Amelia Island.  The Concours  judges at Amelia declared it 'the standard by witch all early 911's were to be judged'.  It was a beauty.

wow, got any pics of this beauty?

Glad I am not the only one who sees the opportunity with "expensive cars".  It's not for everyone, but there most definitely is an opportunity if you are smart about it.

Camarillo Brillo

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Re: Do any Mustachian in here own expensive cars ???
« Reply #57 on: January 12, 2017, 08:51:33 AM »
Currently drive a 12 year old Toyota as a daily and I've always had nicer "fun cars"

The good thing about "dream cars" or whatever you want to call them is that many don't depreciate the same as regular cars, mostly because of enthusiasts propping up the market and because they are well maintained and not driven a lot.  With that said, my last nice car was a BMW M3.  I owned it for 6 years, I put 30k miles on it over that period and sold it for 80% of what I paid for it (used).  That's less than 4% of annual depreciation.

If you do the math, a regular car depreciates at 15% a  year:

Regular car: $30k @15% depreciation will be ~11k after 6 years.
Enthusiast car (BMW M3): $30k @ less than 4% depreciation is $23k.

The biggest argument MMM makes about cars is wealth erosion and he is 100% correct, however for some of us cars are part of our life.  I definitely wouldn't sacrifice my financial security over a piece of metal, but I am always thinking/looking of how to make it part of my life for the least amount of money.

Had a bought a Porsche instead of a BMW I would've made money in appreciation, but we are in a bubble when it comes to Porsche pricing at the moment.

Regardless, there are some great examples of cars that you can own and enjoy without losing your shirt on (BMW M3, Honda S2000, Honda NSX, Toyota Supra, MB SL, etc).  European/Japanese cars have a very strong/cult like following, kind of like the old muscle cars from the 60's, this is the next wave.

For those of you still not buying it, check www.bringatrailer.com and see for yourself what "collector" cars are going for.


I agree with all of this.  We have used the classic car market to increase our net worth quite efficiently.  That said, I think that it is absolutely NOT for people who don't know cars, aren't handy and certainly not for people that have debt that they need to address.

A while back I inquired about people who were using other types of investment strategies.  I was thinking cars, art, antiques, wine - you know the stuff on the fringes that people usually see as wasteful extravagances (and that usually are), but that CAN be lucrative if you know what you are doing.  I  was basically told that those were not ways to make money/investments.  Since then I've stayed fairly quiet about our extra strategies and how successful they have been for us...  (Yep, we've used Bring a Trailer. ) I figured that maybe this wasn't the right forum those types of topics.  But, hey, that just leaves more opportunity for us if fewer people know about it.  It's like flipping houses.  Now the market is saturated with people who want to flip houses and it's harder to find a great deal in our area.

Hah, the 1st site I hit every morning is BaT.  When I was 26 I bought my 1st Porsche.  It was a '73 911S coupe with 60,000 miles, and I paid $12,000.  Over the next 19 years I drove it over 220,000 miles, restored it twice, and sold it for $62,500.  I thought I hit a home run, only to watch the guy I sold it to sell it for $241,000 at Amelia Island.  The Concours  judges at Amelia declared it 'the standard by witch all early 911's were to be judged'.  It was a beauty.

wow, got any pics of this beauty?

Glad I am not the only one who sees the opportunity with "expensive cars".  It's not for everyone, but there most definitely is an opportunity if you are smart about it.
I'm not sure if we can post pics at this site.  Try cutting and pasting this url:  https://flic.kr/p/yMpNHL

TheAnonOne

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Re: Do any Mustachian in here own expensive cars ???
« Reply #58 on: January 12, 2017, 08:53:40 AM »
Yes, you can add pics. I did earlier

big_slacker

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Re: Do any Mustachian in here own expensive cars ???
« Reply #59 on: January 12, 2017, 09:19:55 AM »
The best thing I ever did as a car guy was to get into sportbikes. They kind of ruined cars for me, in that yo could buy a $4k used bike that would blow the doors off almost anything a mere mortal could afford and give you a more raw and involved experience than most cars could hope for along with it. I passed on a 911 and a cayman S after test driving them, compared to bikes no thrill.  Although I have to say the cayman s was AWESOME in tight cornering. Then came kids, I sold my last sportbike because I needed to be around for the kiddos and it's a risky business riding them. I now just love offroad SUVs and truck and they fit better in my lifestyle and outdoor activities. Although I *DID* recently drive an '16 STi and it was entertaining, just doesn't have much ground clearance for trails. :D

Anyhow, I agree with the person above who mentions that *IF* vehicles of whatever type are a big part of your life as they always have and likely always will be with mine.... The spend is justified.

Laura33

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Re: Do any Mustachian in here own expensive cars ???
« Reply #60 on: January 12, 2017, 09:36:40 AM »


I would dearly love a Porsche 911 4S cabriolet -- never felt so safe going around a corner at ridiculous speed; I don't think I could push that puppy off the road if I tried (as compared to the Mustang, which corners like a truck).

What year mustang? The newer ones handle really well. Now my 01GT on the other hand was fun but could be scary in the corners. I had a G37 6MT 4 door which I really enjoyed, but the maintenance cost got old quickly. My fit is the longest I've owned a car. The fit is a surprisingly good handling car for what it is, and the manual shifts well and doesn't mind quick shifts or down shifting to redline. I do miss the power on occasion. If honda put out an SI version, I would probably buy it.

2013.  It is honestly better than I thought it would be, but it's still in a totally different class than the Porsche.  Got to drive the Porsches on a racetrack (16 turns, not the big oval version), and it made me realize that my "oh shit" point is only about 5% of the car's.  I have never felt so secure going well over 100 mph in my life.

If I need another daily driver in the next decade, it'll probably be a WRX -- last one I drove was @'08-09 and it was a little sloppy in the handling, but I've heard they've improved that, and it seemed to have a decent fun-per-dollar ratio.  Plus I'm a small-nimble-car girl at heart.

Secretly Saving

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Re: Do any Mustachian in here own expensive cars ???
« Reply #61 on: January 12, 2017, 10:59:16 AM »
Currently drive a 12 year old Toyota as a daily and I've always had nicer "fun cars"

The good thing about "dream cars" or whatever you want to call them is that many don't depreciate the same as regular cars, mostly because of enthusiasts propping up the market and because they are well maintained and not driven a lot.  With that said, my last nice car was a BMW M3.  I owned it for 6 years, I put 30k miles on it over that period and sold it for 80% of what I paid for it (used).  That's less than 4% of annual depreciation.

If you do the math, a regular car depreciates at 15% a  year:

Regular car: $30k @15% depreciation will be ~11k after 6 years.
Enthusiast car (BMW M3): $30k @ less than 4% depreciation is $23k.

The biggest argument MMM makes about cars is wealth erosion and he is 100% correct, however for some of us cars are part of our life.  I definitely wouldn't sacrifice my financial security over a piece of metal, but I am always thinking/looking of how to make it part of my life for the least amount of money.

Had a bought a Porsche instead of a BMW I would've made money in appreciation, but we are in a bubble when it comes to Porsche pricing at the moment.

Regardless, there are some great examples of cars that you can own and enjoy without losing your shirt on (BMW M3, Honda S2000, Honda NSX, Toyota Supra, MB SL, etc).  European/Japanese cars have a very strong/cult like following, kind of like the old muscle cars from the 60's, this is the next wave.

For those of you still not buying it, check www.bringatrailer.com and see for yourself what "collector" cars are going for.


I agree with all of this.  We have used the classic car market to increase our net worth quite efficiently.  That said, I think that it is absolutely NOT for people who don't know cars, aren't handy and certainly not for people that have debt that they need to address.

A while back I inquired about people who were using other types of investment strategies.  I was thinking cars, art, antiques, wine - you know the stuff on the fringes that people usually see as wasteful extravagances (and that usually are), but that CAN be lucrative if you know what you are doing.  I  was basically told that those were not ways to make money/investments.  Since then I've stayed fairly quiet about our extra strategies and how successful they have been for us...  (Yep, we've used Bring a Trailer. ) I figured that maybe this wasn't the right forum those types of topics.  But, hey, that just leaves more opportunity for us if fewer people know about it.  It's like flipping houses.  Now the market is saturated with people who want to flip houses and it's harder to find a great deal in our area.

Hah, the 1st site I hit every morning is BaT.  When I was 26 I bought my 1st Porsche.  It was a '73 911S coupe with 60,000 miles, and I paid $12,000.  Over the next 19 years I drove it over 220,000 miles, restored it twice, and sold it for $62,500.  I thought I hit a home run, only to watch the guy I sold it to sell it for $241,000 at Amelia Island.  The Concours  judges at Amelia declared it 'the standard by witch all early 911's were to be judged'.  It was a beauty.


You're one of us!  BaT is always up here.  Do you miss the Porsche?  We've got a newer 911 mid-restoration right now.  I think we'll be enjoying for a while... Sold one at Amelia as well.  That's a fun weekend. 
« Last Edit: January 12, 2017, 11:49:58 AM by Secretly Saving »

Retire-Canada

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Re: Do any Mustachian in here own expensive cars ???
« Reply #62 on: January 12, 2017, 11:15:46 AM »
My truck was expensive and if I had a do over I would have bought a travel van [equally expensive] that would provide more utility to me. On the plus side I paid cash, I write it off as a business vehicle and I use the full capacity of the truck semi-regularly. I also will keep it for 13 - 15yrs.

Racer X

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Re: Do any Mustachian in here own expensive cars ???
« Reply #63 on: January 12, 2017, 12:00:09 PM »

You're one of us!  BaT is always up here.  Do you miss the Porsche?  We've got a newer 911 mid-restoration right now.  I think we'll be enjoying for a while... Sold one at Amelia as well.  That's a fun weekend.

I love BaT.  Part of my morning ritual.  Brew some coffee, settle down at the laptop, and review the day's BaT email.  That is often followed up with forwarding various cars to friends imploring/ridiculing/encouraging them to buy.  And then sorting through my inbox where friends have forwarded ME cars they are imploring/ridiculing/encouraging me to buy. 

No, I in fact do NOT need a 1962 Mercedes-Benz 200D with rare coachbuilt kombi sheet metal.  Yes, it's kind of cool.  It might make a fun hauler for the shifter kart.  But NO - stop emailing me.  LOL!

sw1tch

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Re: Do any Mustachian in here own expensive cars ???
« Reply #64 on: January 12, 2017, 02:10:48 PM »

2013.  It is honestly better than I thought it would be, but it's still in a totally different class than the Porsche.  Got to drive the Porsches on a racetrack (16 turns, not the big oval version), and it made me realize that my "oh shit" point is only about 5% of the car's.  I have never felt so secure going well over 100 mph in my life.

If I need another daily driver in the next decade, it'll probably be a WRX -- last one I drove was @'08-09 and it was a little sloppy in the handling, but I've heard they've improved that, and it seemed to have a decent fun-per-dollar ratio.  Plus I'm a small-nimble-car girl at heart.

I know I'm getting off-topic (no longer talking about expensive cars) but your post got me thinking about what I want to do someday when I'm FIRE'd - it's the "small-nimble-car" comment.

I want a widebody NB Miata w/ hardtop and a Honda K24a2 (TSX) engine.  Full suspension, roll bar, wide tires, basic bolt-ons and tuned.  It seems like it would be a fun, lightweight, and reliable machine.  Someday I'll build this.  But, we'll see.

PizzaSteve

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Re: Do any Mustachian in here own expensive cars ???
« Reply #65 on: January 12, 2017, 02:29:39 PM »
I worry that some of these topics might help people who fish to identify higher net worth individuals for targeting by on line thieves.  Just a thought.

2Birds1Stone

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Re: Do any Mustachian in here own expensive cars ???
« Reply #66 on: January 12, 2017, 02:34:24 PM »

What year mustang? The newer ones handle really well. Now my 01GT on the other hand was fun but could be scary in the corners. I had a G37 6MT 4 door which I really enjoyed, but the maintenance cost got old quickly. My fit is the longest I've owned a car. The fit is a surprisingly good handling car for what it is, and the manual shifts well and doesn't mind quick shifts or down shifting to redline. I do miss the power on occasion. If honda put out an SI version, I would probably buy it.

Yikes, I have the coupe version, what maintenance costs are you referring to?

luigi49

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Re: Do any Mustachian in here own expensive cars ???
« Reply #67 on: January 12, 2017, 03:17:14 PM »
I want a new car but electronics on the car makes me avoid buying one.

Retire-Canada

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Re: Do any Mustachian in here own expensive cars ???
« Reply #68 on: January 12, 2017, 03:22:23 PM »
I want a new car but electronics on the car makes me avoid buying one.

Riding a bike is healthier anyways. ;)

Laura33

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Re: Do any Mustachian in here own expensive cars ???
« Reply #69 on: January 12, 2017, 03:33:32 PM »

2013.  It is honestly better than I thought it would be, but it's still in a totally different class than the Porsche.  Got to drive the Porsches on a racetrack (16 turns, not the big oval version), and it made me realize that my "oh shit" point is only about 5% of the car's.  I have never felt so secure going well over 100 mph in my life.

If I need another daily driver in the next decade, it'll probably be a WRX -- last one I drove was @'08-09 and it was a little sloppy in the handling, but I've heard they've improved that, and it seemed to have a decent fun-per-dollar ratio.  Plus I'm a small-nimble-car girl at heart.

I know I'm getting off-topic (no longer talking about expensive cars) but your post got me thinking about what I want to do someday when I'm FIRE'd - it's the "small-nimble-car" comment.

I want a widebody NB Miata w/ hardtop and a Honda K24a2 (TSX) engine.  Full suspension, roll bar, wide tires, basic bolt-ons and tuned.  It seems like it would be a fun, lightweight, and reliable machine.  Someday I'll build this.  But, we'll see.

You could totally have some fun with that combo.  But if you want lightweight and awesome power to weight ratio, why not just go directly to the Atom? :-)

golfreak12

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Re: Do any Mustachian in here own expensive cars ???
« Reply #70 on: January 12, 2017, 08:42:36 PM »
I'm 45 now and in my lifetime, I never had any car over $15k until this past year when I got my wife a 2015 Lexus IS as a 5 yr anniversary present.
- Bought a 2000 Honda Civic Si for $13K as a present to myself for having a first real job.
- Bought a 2002 S2000 for $15K back in 2006.
Thats about it.

I have 5 other brothers and sisters and none of them ever own a luxury car.
- Oldest brother is a millionaire. Only drives Hondas.
- 2nd oldest is the poorest of the family.
- Oldest sister bought a new Accord in 2010 and still has it. Probably a millionaire too.
- 2nd oldest sister bought a new Accord in 2006, still has it. A pharmacist with a doctor husband.
- Youngest sister drives Accord. Makes tons of money.

Needless to say, none of my family knows we have a Lexus.


Do you still have the '00 SI?  I own one myself, an EBP one. Car I always wanted when I was 19/20yo and I bought one at 33yo cause I could.   Great, fun car.

Man, do I have a great story on my '00 SI.
So my first SI was indeed the EBP(Electron Blue Pearl). I was living in Florida and I moved to Cali a year after I had the car. I only had liability on the car so before I left for Cali, I got full coverage on the car but I ended up forgetting to pay the extra premium.
Within my first week in Cali, I came out one morning to find the car missing. I'll be damn. Call the police and they found it. Fortunately, they only took the wheels and left the car sitting flat on the ground. I found out from the adjuster that its really easy to steal the Civic. You just have to break the ignition key part in half and you can stick anything in there to start the car.
I called the insurance asking what I should do and they said if I just pay the premium due, they can still take care of it. I ended up making almost $2K on the car but after they paid me but they dropped me right afterward.

After a year in Cali, I went back to Florida. The car is a bit beat up by now. I only have liability on the car now since I'm back in Florida. Didn't think anything of it. One morning, I walked outside and its WTF !!! Deja vu time. Car is gone. Called the police and they found it again. This time They took a bunch of parts from the car. I ended up selling the car for $1000 after I got it back and the guy told me he fixed it and sold it for $7K.

Chapter 3. Looking for another car to buy, I some how ended up with another 00 Si. Its black now and its too good to pass up. I kept that sucker in the garage the entire time now. I have a 2nd car and rotate between the 2. One summer I took the SI out of the garage prepping it so be driven again. I didn't finish the job and left it outside. I ended up leaving it outside for a couple of days and on the 3rd day, I stepped outside and WTF !!! gone again. Car stolen for a 3rd time. Only liabiilty and and the police never found that car. I would call from time to time and NO everytime. Last time I called was a year later and they never found that car. $7K down the drain.

So there you go. '00 Civic SI stolen 3 times. Gotta be a record.
« Last Edit: January 12, 2017, 08:45:29 PM by golfreak12 »

sw1tch

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Re: Do any Mustachian in here own expensive cars ???
« Reply #71 on: January 13, 2017, 06:47:03 AM »

2013.  It is honestly better than I thought it would be, but it's still in a totally different class than the Porsche.  Got to drive the Porsches on a racetrack (16 turns, not the big oval version), and it made me realize that my "oh shit" point is only about 5% of the car's.  I have never felt so secure going well over 100 mph in my life.

If I need another daily driver in the next decade, it'll probably be a WRX -- last one I drove was @'08-09 and it was a little sloppy in the handling, but I've heard they've improved that, and it seemed to have a decent fun-per-dollar ratio.  Plus I'm a small-nimble-car girl at heart.

I know I'm getting off-topic (no longer talking about expensive cars) but your post got me thinking about what I want to do someday when I'm FIRE'd - it's the "small-nimble-car" comment.

I want a widebody NB Miata w/ hardtop and a Honda K24a2 (TSX) engine.  Full suspension, roll bar, wide tires, basic bolt-ons and tuned.  It seems like it would be a fun, lightweight, and reliable machine.  Someday I'll build this.  But, we'll see.

You could totally have some fun with that combo.  But if you want lightweight and awesome power to weight ratio, why not just go directly to the Atom? :-)

Heh, that would be fun.  I just want something that I can drive the wheels off of for a long time and be cheap to work on and maintain.  Consumables shouldn't be too expensive either.

Racer X

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Re: Do any Mustachian in here own expensive cars ???
« Reply #72 on: January 13, 2017, 07:59:44 AM »

2013.  It is honestly better than I thought it would be, but it's still in a totally different class than the Porsche.  Got to drive the Porsches on a racetrack (16 turns, not the big oval version), and it made me realize that my "oh shit" point is only about 5% of the car's.  I have never felt so secure going well over 100 mph in my life.

If I need another daily driver in the next decade, it'll probably be a WRX -- last one I drove was @'08-09 and it was a little sloppy in the handling, but I've heard they've improved that, and it seemed to have a decent fun-per-dollar ratio.  Plus I'm a small-nimble-car girl at heart.

I know I'm getting off-topic (no longer talking about expensive cars) but your post got me thinking about what I want to do someday when I'm FIRE'd - it's the "small-nimble-car" comment.

I want a widebody NB Miata w/ hardtop and a Honda K24a2 (TSX) engine.  Full suspension, roll bar, wide tires, basic bolt-ons and tuned.  It seems like it would be a fun, lightweight, and reliable machine.  Someday I'll build this.  But, we'll see.

That would be a fun combination. 

I own one of the original Monster Miatas.  From what I've been able to piece together from its history, it was one of the first 10 or so converted by Monster Motorsports back in the early 90's.  For those not familiar with them, they were NA Miatas with 5.0L Ford V8s.  Nothing is more fun than surprising Mustangs and Camaros in a so called "hairdresser's" car.  It's also hilarious to take to cruise ins.  I like to stand about 20 feet back and just watch people's reactions as they notice the engine, and then circle the car and find the nitrous bottle in the trunk.

Obviously now a days you'd do a LSx swap, and not that old Ford 5.0, but it's loud and quick enough to be enjoyable.

Much Fishing to Do

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Re: Do any Mustachian in here own expensive cars ???
« Reply #73 on: January 13, 2017, 09:09:55 AM »
Even car lust aside I think its pretty easy to justify spending almost that much if its not a big hit to your savings rate or stache.  I'm not a car person, but for the family car I bought a new Pilot in 2009 (large family, rough winters, and bad roads).  Will probably replace it with the same in 2019 (and I bet it will cost almost $40k) and hand off the 2009 to my oldest. 

I've never had much luck finding that car that was just driven off the lot and costs 25% less that people always talk about, so I buy new and drive a long time, and that kind of car doesn't come cheap. 

frugalmom

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Re: Do any Mustachian in here own expensive cars ???
« Reply #74 on: January 13, 2017, 10:07:08 AM »
Fortunately for me, driving my dad's dodge airies station wagon with the wood on the sides during my formative years means that I can look at any POS as ceasars chariot.

Awesome!  I agree

golfreak12

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Re: Do any Mustachian in here own expensive cars ???
« Reply #75 on: January 13, 2017, 08:53:12 PM »
I think the consensus here is that a lot of us own expensive cars, just not brand new ones.
When I was shopping for a Lexus for my wife, I couldn't justify buying a brand new one. I ended up buying a 2015 that was 1 yr/4 months old. I found the old sticker for that car at $42,500. Ended up buying for $26K+TTT. Car still looks brand new.


2Birds1Stone

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Re: Do any Mustachian in here own expensive cars ???
« Reply #76 on: January 14, 2017, 06:53:35 PM »
I think the consensus here is that a lot of us own expensive cars, just not brand new ones.
When I was shopping for a Lexus for my wife, I couldn't justify buying a brand new one. I ended up buying a 2015 that was 1 yr/4 months old. I found the old sticker for that car at $42,500. Ended up buying for $26K+TTT. Car still looks brand new.

That's the way to do it! The seller I purchased my Infiniti from still had his window sticker and financing paperwork in a folder, I did the math and after financing and tax he paid ~$47,000 for the car over the course of 5 years, only drove it 21,450 miles........and sold to me for $16,900.

The beatles

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Re: Do any Mustachian in here own expensive cars ???
« Reply #77 on: January 14, 2017, 07:45:26 PM »
1967 Ford LTD and a 25th Anniversary Camaro.

stashyMel

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Re: Do any Mustachian in here own expensive cars ???
« Reply #78 on: January 14, 2017, 08:04:09 PM »
I work for an automaker and am middle management. That entitles me to internal lease vehicles which include the insurance. I pay for them but I always choose the discounted ones. I must lease a vehicle each model year but they include insurance, unlimited mileage and maintenance. Right now, I have 2. My teenage daughters are in 1 of them. The cost their car insurance would have been exceeds the cost of the car payment on their car easily.

Currently, 2 2017 and a 2015 Model year vehicles sitting outside. I'm a clown I know it. But when you are automotive, it's what you do. I'll still retire at between 20 - 23 years of service before age 45.   

rtrnow

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Re: Do any Mustachian in here own expensive cars ???
« Reply #79 on: January 15, 2017, 10:38:58 AM »

What year mustang? The newer ones handle really well. Now my 01GT on the other hand was fun but could be scary in the corners. I had a G37 6MT 4 door which I really enjoyed, but the maintenance cost got old quickly. My fit is the longest I've owned a car. The fit is a surprisingly good handling car for what it is, and the manual shifts well and doesn't mind quick shifts or down shifting to redline. I do miss the power on occasion. If honda put out an SI version, I would probably buy it.

Yikes, I have the coupe version, what maintenance costs are you referring to?

Some of it was hassle not even cost. I had a couple warranty issues. The evaporator assembly took 4 trips to the dealer to solve and would have costs a couple grand if warranty was up. The car is supposed to use ester oil though many don't bother. There is a noticeable difference in the way the car runs though. That meant a $100 oil change every 3,500 miles. The tires lasted less than 15k miles and were pricey. Premium gas at 17mpg, etc. The last straw was a grinding noise developed whenever you depressed the clutch. The dealer said maybe a clutch but couldn't tell without taking it apart. Assuming it was the clutch, it was $2,500 not covered by warranty because of the dual plate design the g uses. I sold it and let the next owner figure out the clutch/tranny issue. Luckily, I didn't really lose any money because the 4 door with a stick is rare. It just took a few weeks to find a buyer.

markbike528CBX

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Re: Do any Mustachian in here own expensive cars ???
« Reply #80 on: January 16, 2017, 11:19:20 AM »
...WAS expensive.   2000 Porsche Boxster base 2.7L, MSRP+ Options in 2000, 48K --- 2700 wheels alone!
Spent 15K in 2011 (4th owner).   
It does not even have variable speed intermittent wipers (the spot for the knob is on the dash though).
 I guess the original (Texas) owner only needed high and lowspeed wipers.

retired?

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Re: Do any Mustachian in here own expensive cars ???
« Reply #81 on: January 16, 2017, 11:42:08 AM »
This thread shows what I already thought - many, perhaps a majority, of the people that enjoy MMM and the forum are not only mostly frugal, but also high earners.

I like seeing all the tips, but am far from being Mustachian.  I was able to FIRE due to high pay and solid savings rather than being frugal.  Now, to make it last, I am more interested in the frugal side.  I bought a "weekend car" ten years ago.  Still have it, still drive it, and don't plan to upgrade.

hudsoncat

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Re: Do any Mustachian in here own expensive cars ???
« Reply #82 on: January 17, 2017, 03:04:03 PM »
Sorry if this was brought up already.
I know we all expressed the desire to FIRE and we all know expensive cars are the BIGGEST waste of money but do any of you secretly has expensive cars ??? Like over $40K+++
I mean if you are so well-off, you can justify having one right ???
I ask because my LUST is becoming a REALITY in a short time. I've been lusting over a Corvette C7 ever since I first saw one and I figured one day but not any time soon. However, I'm joking with my DW one day and she actually gave me the approval if we don't spend any money this year.
I even started my year long countdown to getting my dream car journal.
So lets fess up and tell us what expensive car(s) you have hiding in the garage.

I really have nothing of value to add to the convo or your question (Driving a Rav4 over here), but I do secretly lust for a C7... There is one that visits my neighborhood fairly regularly. On those days, my running route takes me down that neighbor's street several times.

So sad it's winter now, I haven't seen the car in a few months. It's fine though, another neighbor has a new Tesla. I do enjoy looking wistfully at that as well, but the Corvette, man, the Corvette...

Dave1442397

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Re: Do any Mustachian in here own expensive cars ???
« Reply #83 on: January 17, 2017, 04:20:49 PM »
This thread shows what I already thought - many, perhaps a majority, of the people that enjoy MMM and the forum are not only mostly frugal, but also high earners.

I like seeing all the tips, but am far from being Mustachian.  I was able to FIRE due to high pay and solid savings rather than being frugal.  Now, to make it last, I am more interested in the frugal side.  I bought a "weekend car" ten years ago.  Still have it, still drive it, and don't plan to upgrade.

I really got into this forum because I needed some pointers on getting finances back on track, and it has been useful for that. However, my intent is to make more money without changing much of my lifestyle. I would definitely buy nicer cars at some point, even if I might still have trouble buying new...I don't think I'll ever want to take that initial depreciation hit.

I might have posted this before, but these keys belong to an associate and his wife. I'm sure he has a couple of million in cars, if not more, but that's a tiny percentage of his net worth.


RWD

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Re: Do any Mustachian in here own expensive cars ???
« Reply #84 on: January 17, 2017, 04:56:49 PM »
This thread shows what I already thought - many, perhaps a majority, of the people that enjoy MMM and the forum are not only mostly frugal, but also high earners.

I like seeing all the tips, but am far from being Mustachian.  I was able to FIRE due to high pay and solid savings rather than being frugal.  Now, to make it last, I am more interested in the frugal side.  I bought a "weekend car" ten years ago.  Still have it, still drive it, and don't plan to upgrade.

I really got into this forum because I needed some pointers on getting finances back on track, and it has been useful for that. However, my intent is to make more money without changing much of my lifestyle. I would definitely buy nicer cars at some point, even if I might still have trouble buying new...I don't think I'll ever want to take that initial depreciation hit.

I might have posted this before, but these keys belong to an associate and his wife. I'm sure he has a couple of million in cars, if not more, but that's a tiny percentage of his net worth.

Those are pairs of keys, right? He doesn't actually own two Lamborghinis and two Rolls Royces, right?

Dave1442397

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Re: Do any Mustachian in here own expensive cars ???
« Reply #85 on: January 17, 2017, 05:10:57 PM »
Those are pairs of keys, right? He doesn't actually own two Lamborghinis and two Rolls Royces, right?

Correct! Just one of each :)


golfreak12

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Re: Do any Mustachian in here own expensive cars ???
« Reply #86 on: January 17, 2017, 05:35:31 PM »
Those are pairs of keys, right? He doesn't actually own two Lamborghinis and two Rolls Royces, right?

Correct! Just one of each :)

If you can afford it, go for it.

AJ41

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Re: Do any Mustachian in here own expensive cars ???
« Reply #87 on: January 17, 2017, 08:20:48 PM »
Those are pairs of keys, right? He doesn't actually own two Lamborghinis and two Rolls Royces, right?

Correct! Just one of each :)

Lovely pictures. Good for motivation. One day for me.

effigy98

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Re: Do any Mustachian in here own expensive cars ???
« Reply #88 on: January 18, 2017, 12:24:50 AM »
I bought my (BMW and Porsche) cars off 3-4 year leases. They were 50k+ new but are around 25k used and usually come with a couple more year warranties. Set me back a good year before FI but I plan to drive them till they die and by then we will all be subscribed to a ride share self driving car service.

Yaro

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Re: Do any Mustachian in here own expensive cars ???
« Reply #89 on: January 18, 2017, 01:26:17 AM »
I love cars and my wife as welll! And I think this is one of the reasons I don't own a place yet.
Currently have:
- 2006 BMW z4 3.0si, Fully loaded with M suspension and M seats. In 4 years of ownership and 20k miles probably lost only $4k (20%) in depreciation. Still hoping the value will go up. Mine daily driver.
- 2009 Infiniti FX50S, Fully Loaded. I have this car 1.5 years already and it depreciated around $5k (20%). Honestly trying to sell it and get something more rare to avoid fast depreciation. Her daily driver.

Ah and pre-ordered tesla model 3 in first minute when orders started. I don't know if i will get it still.
Looking for e92 Bmw m3 (manual of course), last v8 manual m3 and Porsche 997.1. I am sure they will go up eventually in price.

But for now need to save for downpayment for the house. Seattle area is pretty damn expensive now.


You're one of us!  BaT is always up here.  Do you miss the Porsche?  We've got a newer 911 mid-restoration right now.  I think we'll be enjoying for a while... Sold one at Amelia as well.  That's a fun weekend.

I love BaT.  Part of my morning ritual.  Brew some coffee, settle down at the laptop, and review the day's BaT email.  That is often followed up with forwarding various cars to friends imploring/ridiculing/encouraging them to buy.  And then sorting through my inbox where friends have forwarded ME cars they are imploring/ridiculing/encouraging me to buy. 
I just found out about BaT couple days ago. Do they have great deals compare to other general craigslist private party sales?

Dave1442397

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Re: Do any Mustachian in here own expensive cars ???
« Reply #90 on: January 18, 2017, 05:35:41 AM »
I just found out about BaT couple days ago. Do they have great deals compare to other general craigslist private party sales?

You'll see some interesting cars go for a good price, but most sellers set a reserve when they know they have an in-demand car. I think the best part of BaT is the comments made on the cars for sale. You can learn a lot about a marque or individual car just by reading the comments.


dogboyslim

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Re: Do any Mustachian in here own expensive cars ???
« Reply #91 on: January 18, 2017, 08:41:25 AM »
Our 99 suburban kept having repair issues, and when the brakes failed and I had a close encounter with a plow truck we decided to replace it.  Because of my unmustachian boat, we need a vehicle that can tow 8,000 lbs.  Because of our multiple kids, we need a lot of seating.  We purchased a used 2015 Expedition EL.  It was under $50k, but not much.  We ended up financing it because the finance rate was so low.  I suspect face-punching is in order, but we like the car.  We are less enthusiastic about the monthly payment, but its the only debt we have, and we can choose to pay it off at any point.

Tetsuya Hondo

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Re: Do any Mustachian in here own expensive cars ???
« Reply #92 on: January 18, 2017, 09:20:37 AM »
Wow. I'm cured.

Reading these posts made me realize that when I first encountered the MMM world, I would have reeled off a litany of sports cars. Long before as a 20 year old, owning a Porsche was my primary ambition in life.

Now, I can't even conjure up a dream car. I'm more excited by the idea of living in a place where I don't need a car at all. Huh. 

I'm not judging any of you at all, and I get it, or I used to. I just had this revelation and it made me realize that I'm turning more Mustachian than I realized. So... thank you for this thread, I guess.


Icecreamarsenal

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Re: Do any Mustachian in here own expensive cars ???
« Reply #93 on: January 18, 2017, 10:12:29 AM »
I just purchased a new Honda Ridgeline RTL-T for ~40.  Food festivals and such.  Have not used the bed more than 2 days out of the month that I've owned the thing.  Plan to drive it until 2030.
Odyssey is 10 years old, wife plans to drive it until 2030 or 250k miles, whichever comes first.
Plan to treat myself at FI with Mazda miata RF club 6-speed.  33k flat price, new.  Hope to find a used one.

Drove a coworker's aventador lp700-4, nice ride I suppose.  Pretty impractical and glitchy.  Nice to look at.  I prefer the r8.  Friend's bentley cont. gt had a lot of issues, frame cracked at 20k.  Bentley forums and 6speedonline show frame cracks are plaguing the continentals.  Haven't drove the new ghost but same electronics as bmw now?

The hundred millionaire that I know drives a land cruiser only, wife has the g65 (shocking, I know.)  Very misogynistic but loves to say, "If it flies, floats, or fucks, rent it."

Those are pairs of keys, right? He doesn't actually own two Lamborghinis and two Rolls Royces, right?

Correct! Just one of each :)



Does he drive his Rolls him/herself?  From what I hear, might as well employ a driver.  The people I know with RRs employ drivers so they can drink at dinner.

The next step for the ultra-consumer is planes, helicopters, yachts.  A coworker bought an R22 heli to get to his hunting lodge and racetrack up in Monticello faster.  Bought it used for 250k, but a 2 hour drive from NYC to monticello becomes 30 min, 5 hour drive to PA vineyard/hunting becomes 1.5hrs.  You see some crazy things up in Monticello!  I'm pretty sure I saw a 959 up there!  I know bill gates and jerry seinfeld both have one, must have been Seinfeld's.

Still waiting for any acquaintance/friend to buy a Huayra, definitely more up my alley than the Zonda.  Art deco fiend + billet + 730hp merc v12 + morphing body: hits all of my engineering pleasure points.

Wow. I'm cured.

Reading these posts made me realize that when I first encountered the MMM world, I would have reeled off a litany of sports cars. Long before as a 20 year old, owning a Porsche was my primary ambition in life.

Now, I can't even conjure up a dream car. I'm more excited by the idea of living in a place where I don't need a car at all. Huh. 

I'm not judging any of you at all, and I get it, or I used to. I just had this revelation and it made me realize that I'm turning more Mustachian than I realized. So... thank you for this thread, I guess.



I feel you Tetsuya.  I have no dream car.  I'd like the miata, but am ok without it.  I like to drive my friends' sports cars but would prefer a life without a need for a car.

Chris22

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Re: Do any Mustachian in here own expensive cars ???
« Reply #94 on: January 18, 2017, 10:33:18 AM »
The hundred millionaire that I know drives a land cruiser only

The Land Cruiser is THE car that says "I have so much money I only want other guys with lots of money to know about it."  It's the ultimate stealth wealth vehicle, and for a while it had some of the highest owner demographics (income and net worth) in the US.  It's also built to have a service life of 25 years.  If I could A) afford one and B) had the room to park it, I'd love to have one. 

Giro

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Re: Do any Mustachian in here own expensive cars ???
« Reply #95 on: January 18, 2017, 12:33:41 PM »
I love cars as well and this post made me feel a bit better about them.

I paid $80k for a car in December 2016.
I paid $60k for a car in July 2015.

We have 6 vehicles and only 2 drivers. 
#noshameinmygame....kidding.  I'm a little ashamed and almost kept my very stressful part time gig to help defray the cost of the newer one.

good thing we spend almost nothing on everything else.


golfreak12

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Re: Do any Mustachian in here own expensive cars ???
« Reply #96 on: January 18, 2017, 07:48:09 PM »
I love cars as well and this post made me feel a bit better about them.

I paid $80k for a car in December 2016.
I paid $60k for a car in July 2015.

We have 6 vehicles and only 2 drivers. 
#noshameinmygame....kidding.  I'm a little ashamed and almost kept my very stressful part time gig to help defray the cost of the newer one.

good thing we spend almost nothing on everything else.

Please divulge more....

Dave1442397

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Re: Do any Mustachian in here own expensive cars ???
« Reply #97 on: January 19, 2017, 06:27:51 AM »
Does he drive his Rolls him/herself?  From what I hear, might as well employ a driver.  The people I know with RRs employ drivers so they can drink at dinner.

The next step for the ultra-consumer is planes, helicopters, yachts.

He does drive the RR himself. He doesn't drink alcohol, so no worries about going out to dinner, etc. He has a few other vehicles too, so the RR is not necessarily his daily driver.

As for planes, he leases one. With the amount of travel he does for business, waiting around at airports would be a waste of time and money. This is the latest one:


RWD

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Re: Do any Mustachian in here own expensive cars ???
« Reply #98 on: January 19, 2017, 08:05:38 AM »
This is the latest one:
Looks like a Cessna Citation.

AJ41

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Re: Do any Mustachian in here own expensive cars ???
« Reply #99 on: January 19, 2017, 08:43:23 AM »
I love cars as well and this post made me feel a bit better about them.

I paid $80k for a car in December 2016.
I paid $60k for a car in July 2015.

We have 6 vehicles and only 2 drivers. 
#noshameinmygame....kidding.  I'm a little ashamed and almost kept my very stressful part time gig to help defray the cost of the newer one.

good thing we spend almost nothing on everything else.

What cars do you have?