Can I afford an Aston Martin V8 Vantage
Discussion
Strange question I know.. let me explain.
I've never owned a modern car, never mind something so special as an Aston in my 34 years. I've always had classics cars / motorcycles as always fell for there charm. I still feel that way about 99% of modern cars, except the V8 Vantage. I'm abolsutely in love it, and have been racking my brain to see if I can afford it, and /or should put the money towards something more sensible like a first house.
I'm presuming you are all better off than my goodself, and apologize if all this seems uncouth. Based on the following what do you think?
earn £80 PA, no mortgage, monthly bills /rent of approx £1K. I could save up the £40-45k for a used 4.3 V8 vantage by next summer. currently no debts, own BMW 635 / new Ducati outright.
I always had the mindset that truely exotic motors are the privalage of the very sucessful... which I certainly don't consider myself to be.
Wishful thinking? Or do-able dream?
I've never owned a modern car, never mind something so special as an Aston in my 34 years. I've always had classics cars / motorcycles as always fell for there charm. I still feel that way about 99% of modern cars, except the V8 Vantage. I'm abolsutely in love it, and have been racking my brain to see if I can afford it, and /or should put the money towards something more sensible like a first house.
I'm presuming you are all better off than my goodself, and apologize if all this seems uncouth. Based on the following what do you think?
earn £80 PA, no mortgage, monthly bills /rent of approx £1K. I could save up the £40-45k for a used 4.3 V8 vantage by next summer. currently no debts, own BMW 635 / new Ducati outright.
I always had the mindset that truely exotic motors are the privalage of the very sucessful... which I certainly don't consider myself to be.
Wishful thinking? Or do-able dream?
I reckon that if you can save up the £40-45k you need AND are comfortable with ~80% of your NET income in a car, then you CAN afford it (btw - I WOULD be perfecty happy to do such a thing 
)
I think when it comes down to these types of purchases then only you can say if you can afford it or not.
Go over to the AM forum and do a search for threads on running costs - if feel you can cover those costs should problems occur, then you can most definately afford it!
Btw, I'm no expert on such things, so wait to see what the more informed people say!
HTH
) I think when it comes down to these types of purchases then only you can say if you can afford it or not.
Go over to the AM forum and do a search for threads on running costs - if feel you can cover those costs should problems occur, then you can most definately afford it!
Btw, I'm no expert on such things, so wait to see what the more informed people say!
HTH
thole? unless you have some serious savings/pensions under way....nuts idea. it just sums up why so many people are going to be screwed at retirement in 30 years time. you have an opportunity to get a house and your later years sorted while you can and be one of the few olde people living a nice lifestyle.
and your asking in the wrong place...99% here will say "buy one, and post the pics" but they wont help when your working at 75 to clear your mortgage you started at 40
and your asking in the wrong place...99% here will say "buy one, and post the pics" but they wont help when your working at 75 to clear your mortgage you started at 40
I agree with Tiggsy, you're 34 and still haven't bought a house yet. You say you can save £40k by next summer. Do that anyway but use it as a deposit on a house. Who iin their right mind wants to give someone else £1k a month in rent!!
I bought my first house when I was 32 and really regret not getting one 10 years earlier!
I bought my first house when I was 32 and really regret not getting one 10 years earlier!
Anthony Micallef said:
I agree with Tiggsy, you're 34 and still haven't bought a house yet. You say you can save £40k by next summer. Do that anyway but use it as a deposit on a house. Who iin their right mind wants to give someone else £1k a month in rent!!
I bought my first house when I was 32 and really regret not getting one 10 years earlier!
You can't take that house with you, and I am sure its going to cost more than 1k a month all in to keep a house of your own. So many people seem to think you must own a house.. I don't see why, apart from maybe making some money in rising values.I bought my first house when I was 32 and really regret not getting one 10 years earlier!
34 isn't old, and I would assume that OP has not peaked financially either, its not like he is going to be earning less in five years time unless something drastic occurs, so if he wants to enjoy the fruits of his labour before maybe he buys a house or does whatever else with his life why not?
You can buy a house at any age!
It may well cost more than £1k to pay for a house but it also depends where you live and how much your mortgage is. You can't live in a car either.
I just don't understand why someone would want their 1st major purchase to be an Aston Martin. Also paying £1k a month rent just seems like a waste of money to me as you won't have anything to show at the end of it.
I just don't understand why someone would want their 1st major purchase to be an Aston Martin. Also paying £1k a month rent just seems like a waste of money to me as you won't have anything to show at the end of it.
Anthony Micallef said:
It may well cost more than £1k to pay for a house but it also depends where you live and how much your mortgage is. You can't live in a car either.
I just don't understand why someone would want their 1st major purchase to be an Aston Martin. Also paying £1k a month rent just seems like a waste of money to me as you won't have anything to show at the end of it.
you don't have anything to show for it when you die in your bought house either.. Most people on that amount of money will have made major purchases earlier in life, just because OP might not have, I don't think its an issue.I just don't understand why someone would want their 1st major purchase to be an Aston Martin. Also paying £1k a month rent just seems like a waste of money to me as you won't have anything to show at the end of it.
okgo said:
Most people on that amount of money will have made major purchases earlier in life, just because OP might not have, I don't think its an issue.
i was making twice what he's earning when i was 10 yrs younger than he is....and the most i ever spent on a car was £20k......but when i'm retired and able to afford it knowing it wont screw with my retirment, kids education, holidays, etc....i'll drive round in whatever i want and do so happyily.if i met someone my age that had an aston and no house i'd think them a bit daft to say the least!
Tiggsy said:
i was making twice what he's earning when i was 10 yrs younger than he is....and the most i ever spent on a car was £20k......but when i'm retired and able to afford it knowing it wont screw with my retirment, kids education, holidays, etc....i'll drive round in whatever i want and do so happyily.
if i met someone my age that had an aston and no house i'd think them a bit daft to say the least!
So you were earning ~160k when you were 24? Doing what exactly?if i met someone my age that had an aston and no house i'd think them a bit daft to say the least!
Tiggsy said:
okgo said:
Most people on that amount of money will have made major purchases earlier in life, just because OP might not have, I don't think its an issue.
i was making twice what he's earning when i was 10 yrs younger than he is....and the most i ever spent on a car was £20k......but when i'm retired and able to afford it knowing it wont screw with my retirment, kids education, holidays, etc....i'll drive round in whatever i want and do so happyily.if i met someone my age that had an aston and no house i'd think them a bit daft to say the least!
Result!Horses for courses.
I guess you could look into the depreciation and running costs and figure if that is an acceptable loss if you later change your mind and want to buy a house (for example) and need to sell her? You should factor in the cost of capital too, i.e. return on investment above inflation you could otherwise earn.
Vantage - total dream car for me, alas I don't expect I could ever justify buying one what with "responsibilities" and all. Maybe if I came into a shedload of cash all at once, otherwise there are always more "sensible" things it can be spent on - bigger house, saving for kids, wife giving up work blah blah blah.
Sod it, buy the Aston, and let me have a drive
I guess you could look into the depreciation and running costs and figure if that is an acceptable loss if you later change your mind and want to buy a house (for example) and need to sell her? You should factor in the cost of capital too, i.e. return on investment above inflation you could otherwise earn.
Vantage - total dream car for me, alas I don't expect I could ever justify buying one what with "responsibilities" and all. Maybe if I came into a shedload of cash all at once, otherwise there are always more "sensible" things it can be spent on - bigger house, saving for kids, wife giving up work blah blah blah.
Sod it, buy the Aston, and let me have a drive
I really don't get what so many people see in owning a house.. It isn't a world wide thing. I would rather have things I want and be able to enjoy them.. I don't want a Ferrari when I'm 60, I (expect to) want a waftmobile, maybe a SL55 AMG.
You only live once, what is the point of saving all the fun things until you're too old to properly enjoy them?
Sure you eventually own your house, but that goes with all assets you buy.
You only live once, what is the point of saving all the fun things until you're too old to properly enjoy them?
Sure you eventually own your house, but that goes with all assets you buy.
Gassing Station | Finance | Top of Page | What's New | My Stuff