$175k annual salary pretax w/last years bonuses. Currently renting with my boyfriend and pay only about $1k in rent on my end, and utilities are covered free. My other expenses generally go towards lifestyle (social outings, clothing, luxury things) though I can easily cut down on those.
Been driving my parents 2011 RAV4, which has been an absolutely amazing experience. It’s been maintained properly and has zero issues, but lacks any sort of sporty flair. I’ve almost given up on life except for my career and education the past 5 years and I thought it was due for a refreshment. I’ve never made my own car purchase, nor do I know the inner workings of them – simply looking for a fun ride. I don’t do much driving as I live downtown and my work/school is very accessible through transit or Uber.
Yesterday I drove home one of my dream cars: a second hand 2017 Porsche 911 turbo with some aftermarket modifications. I financed it through a dealership for $105k 68 months at 6.6% with 25k down.
This is my first big luxury purchase and I’m feeling a little bit worried about the finances… the monthly payments are extremely high, and while my current month to month expenses are very low, I’m not sure if it will stay that way. I think these cars hold value okay (?) so I was considering doing damage control and trying to make back what I spent by immediately selling, but I’d like to get some more opinions first.
I absolutely absolutely absolutely adore this car. It’s been a dream of mine for a long time to eventually sit behind the wheel of one of these, but it’s 2 am and I can’t sleep because of the stress of maybe making a horrible impulse decision on the cost of the car.