Shanghai Porsche 918 Crash

[Perfectlap]

Originally Posted by Flavor 987S

It's a $1,000,000 car BFD. If you have $10 million what's 10% of your net worth? BFD. If you have $100 million what's 1% of your net worth? BFD. This is not just a billionaires toy.

10% of your net worth in one car? Not too smart no matter how rich or poor...
Odds are if someone's making those kinds of decisions they're probably making other bad decisions elsewhere (bad investments, over-leveraging, etc.) and won't be rich for too long. Plunking 10% of your dough into a single car? LOL... not even if I had it.

As one top 0.001% rich person once told me (from a family that was at least five generations outrageously rich),
"it's not about what you make, it's about what you keep."

[Nine8Six]

hang on you are saying everyone here on 986forum are either millionaire, or not smart?

Just pulling your leg PL.... lol

(at the time my Boxster was over 10% of what I owned if my memory is good... ouch)

[FirstPorsche987]

Originally Posted by Perfectlap

10% of your net worth in one car? Not too smart no matter how rich or poor...
Odds are if someone's making those kinds of decisions they're probably making other bad decisions elsewhere (bad investments, over-leveraging, etc.) and won't be rich for too long. Plunking 10% of your dough into a single car? LOL... not even if I had it.

Not at all. That car is an investment. (As long as you don't set fire to it or drive it into a tree.) It will appreciate must faster than just about anything else--with the possible exception of a LeFerrari.

[jdlmodelt]

Originally Posted by Perfectlap

10% of your net worth in one car? Not too smart no matter how rich or poor...
Odds are if someone's making those kinds of decisions they're probably making other bad decisions elsewhere (bad investments, over-leveraging, etc.) and won't be rich for too long. Plunking 10% of your dough into a single car? LOL... not even if I had it.

As one top 0.001% rich person once told me (from a family that was at least five generations outrageously rich),
"it's not about what you make, it's about what you keep."

I get the feeling you are out of touch. Think about the income of the average worker and the cost of new cars that can be $20-$50k. At ten percent of their income that would suggest they are earning $200k-$500k. That's way above average income for most folks. But, that's what they have to pay to purchase a new car. People are spending way more than 10% of their income to buy a car everywhere...

[Perfectlap]

Originally Posted by jdlmodelt

I get the feeling you are out of touch. Think about the income of the average worker and the cost of new cars that can be $20-$50k. At ten percent of their income that would suggest they are earning $200k-$500k. That's way above average income for most folks. But, that's what they have to pay to purchase a new car. People are spending way more than 10% of their income to buy a car everywhere...

you're talking average income. I'm talking about what is owned minus what is owed.
two very different things.

Also, a car does not represent the same thing for a driver earning the average income and someone in the top 0.01%.
The average guy needs it to get to work, it's not a speculative play or toy. Living expense vs. (supposed) investment.