Dr. Hess wrote:
That's a 100K car. You can't retire on 100K. Interest on that won't even get you a Starbucks coffee a day.
I have low 7 figures invested, not assets, and I cannot retire on that. Not in California and not at 34 years old. Nothing is paying more then 2% reliably with minimal risk. Pulling about 5-6% above inflation but its a hell of a mix in real estate, cash, cars, vanguard and some individual stocks here and there. I am hustling hard to get that. I wish I could pull 4% without risk at the rates that are out there. I would not be buying a fancy car that is for sure, I would just be throwing money into vanguard.
So onto cars since you guys are the only ones I know who actually like this sort of stuff. Nobody in the family cares and my fiends are more interested in hiking and biking which I like to do as well.
Driving the F350 to work until I get things worked out with the i3. The i3 apparently only has 7-8 months left on the lease so I can walk out of it for 2-3K if they refuse or cannot fix its persistent issues. The F350 is a xl Its an automatic, it high up so I can see easily and every single body panel on it is already destroyed. If someone wants to hit me from behind they get 1/2 inch of steel in the form of my lift-gate, the front has a brush guard that I can push them out of the way. Best 5K I have ever spent on a car. It has AC and a Radio that plays a few stations. Fine for puttering back and forth to work while I get something for the weekends and say two days a week when the traffic is light. Until I get bored of it.
So drove some stuff today.
F430 is a fantastic car at speed, it is the most annoying thing in the world in traffic. Unlike a 360 though you can actually use it in traffic. Got to drive it today in traffic for the first time, the F1 kills the car. The manual adds 80K to the price though. Drove a spider in the F1 as well, its serious fun. Actually has a automatic mode and the maintenance is not terrible, very Italian feeling if that is a thing. The thing at 30 miles an hour is 10x time the fun of my old R8 at 100mph. It is so eager to go fast, and has so much more usable power then the F360. Super clean on the inside design as well. Stock it sounds amazing, the 360 is better sounding but the 430 is actually usable. 430's are almost fully depreciated out right now so I would not loose my shirt on it.
Drove the new Viper is fantastic, but its got all the issues of the ones I have had in the past. Much better OEM suspension though and its much more controllable. Its a riot to go fast in a straight line but the limit is so high on the street that its not fun unless you are breaking all the rules.
Looking at a V10 Manual R8 spyder tomorrow, might be the best of all worlds. Though I have had the V8 in the past. There is a sapang blue manual v10 roadster for sale about 200 miles from here that would fit, but it has the light interior.
The 4C is the cheapest bolted together thing I have ever seen. Its laughable.
The MP4-12C is the fastest, most controlled, most comfortable and to my eye worst looking of all the cars that I have looked at. But to get a good one I am looking at 140K to say 95-100K for the F430. Plus both times I have driven one they have had warning lights on the dash light up for no reason. So comfortable, but 20-30K repair costs for the transmission and no local dealer cut it out of the running.
Still thinking of getting a SS Bentley or a CGT Bentley. Both are fun, I can get a CGT for sub 70K now all day long with no miles. Maintenance cost is not a issue but they are not depreciated out fully by any stretch. So lots of downside there.
Before anyone says Miata, I actually am going to go look at one. I still like a simple roadster. Its a classic MG to me in every way except it actually runs, the electrics work and it will not overheat.
Also 911 is not the answer, they are boring to look at in the low spec's and in the GT3/Turbo/GT2 range they are bordering on idiotic in price. Though a 09 or so Turbo with PDK would be the smart choice in all of this.