When do you know to buy one?

Nice job everyone, this fellow will probably resurface as the next MDM Eurotics!!

 

Thanks I appreciate it.

 

You are 18, don't get a Ferrari.

Although, a Corvette and the Cayman are both in your price range...

 

Nope! A Vette or Cayman are in his DAD's price range.

 

I smell a troll...5 posts, no humility, boastful!. I knew a guy who was the world kick boxing champion several times. You would never expect how tough he was! My experience has been, those who can kick your ass don't advertise it, those who can't are all mouth.
Also knew a guy who was very well off money wise, but you would never know it looking at him..t-shirt, jeans, yet very down to earth, average guy.

just to prove my point, (this was about 10 yrs ago) I was at the mirage in Las Vegas, touring the dolphin exhibit... A guy in a wet suit was all alone with a dolphin & I went over and started talking with him since I like the ocean/scuba. We spoke for awhile discussing the dolphins, and after I asked the tour guide who all the people were in the exhibit, she told me; marine biologist, trainer etc..but she didn't identify who I was talking to, so I asked who he was. She told me Steve Winn... very down to earth guy..

 

Boy - I'm HOPING this is a troll

Agree with the entitlement comment - how did he turn out this way? His dad seems to be a on solid ground. When I was 18 I was in the Marines because my dad was a farmer and had 7 kids to put though college. When I had an extra 200 I would figure out which sibling needed it the most and send to them because THATS what mattered - a ferrari much less a house was out of the picture.

Now I'm a 44 y.o. fairly successful trader, business owner and want-to-be Professor and I have NEVER bought a 100,000 dollar car. I don't even own a Ferrari - guess my midwest upbringing worrys about the maintenence tab (althought I've owned airplanes!?)

Kid - buy yourself a used RX-8 (wonderful car!) and use the 35K left to learn from your dad. Or FIND WHAT YOU LIKE TO DO IN LIFE!

Ferraris (like money) do not buy happiness. Find something you like to do because you will spend most of your waking life doing it.

I'll step off my soapbox now...

 

I did not even graduate high school. Worked at one dead end job after another. When I turned 30 I borrowed Six Grand and started my own business. Last year right after my 50th birthday I bought a 92 512TR and paid cash for it. Knowing that I worked my ass off for that car made it very special. I just wish I had started when I was your age. I probably could have had a half dozen Ferraris by now. Moral of the story is, don't worry about a fancy car right now. If I had my TR when I was 18 I would be dead now. Get into real estate make your own money, and before long you can get the car of your dreams and have the satisfaction that you earned it and not had it handed it to you. I think you would appreciate it alot more knowing that it is truly yours.

 

What is it with you midwest guys? My brother still lives in Ohio, sold his 911 and now wants another 911 because all the exotics he likes can have big maintenance/repair bills...

You guys both probably out-earn me. Life is happening. Open the checkbook.

 

Keeping the Volvo and waiting is probably the best (most logical) choice but if you must get a new car I'd go with some entry level peformance car and then you'd start gaining experience with sports cars for your eventual Ferrari purchase. There will always be an older "cheaper" Ferrari available so it's highly likely you will be eventually be able to afford at least that given your want for it, level of schooling and your financial background.

Plus are you going to be driving this car and parking on a college campus? I don't even park my Z on campus (I take the train) I don't care what school your going to you will get dinged alot or even worse.

 

hahahahahahha! I liked the story.

 

Oh I didn't mean it would be intentionally dinged or messed with though thats highly possible too since many people take offense to young people with nice cars. The main thing is that 99% of people don't care about cars. They park crooked in their giant SUV's and swing there doors open and bam you've got yourself a shiny new dent. Just something to think about. I'm paranoid about my car so I worry about that kind of stuff.

If you've never driven a performance car jumping into something high dollar and high performance might not be the best idea. Especially since I'm guessing you only have maybe 3 years of driving experience (I don't know the driving age in canada). So my vote is get an entry level performance car drive it through college have fun with it gain some experience, when your done and have your own money then start working your way up. Best of luck.

 

You've been given good advice, but you seem not to have read it.

#1 would probably make your father happy as it maintains the status quo.

#2 would disappoint your father, but is something which he would apparently tolerate as being within his ground rules.

#3 is irrelevant, since it presupposes that you actually have paid attention to the lessons and opportunities that your father provided for you, which you haven't (so far).

A variant of #1 is probably what would make your father happiest. Go to him and tell him, "I'm OK with a Volvo, but since you offered to buy me a $40K car, give me the difference and let me invest it and show you that I can make something more of that grubstake than you expect."

Your father knows that chasing after hot cars or prestige is an illusory endeavor. It's a non-productive, self-indulgent activity which is only earned after the important things in life are addressed. What he cares about most is that you will be able to take care of yourself, that you know what's important (family and security) and that you can be counted on to do the right thing with what you're given. Chasing after hot cars or even mid-range cars, which you haven't earned, will show none of these.

 

you could get a ponari

 

Sit back and think (REALLY think) about this for a moment. You are 18 years old and consider a G35 or Lexus ES350 to be an AVERAGE car for YOURSELF! The concept of reality continues to elude you.

 

In all honesty, here is my advice to you. Print out this entire thread, then sit down with your dad and have a serious discussion about cars, finances and priorities in life. Hopefully you'll both benefit from such a conversation.

 

So you have a House and a Volvo at 18 and you are complaining ?

awesome

 

Good advice.

 

When I was 18, my dad theoretically could have bought me a Porsche, or whatever.
I drove the hand me down Buick (ah... the Electra Estate Wagon with wood paneling... good times... but I digress....).

I considered myself very fortunate that I HAD A CAR TO DRIVE.

Besides... would it really be that great to drive a Ferrari / Porsche all the time that you did not work for? (well, maybe for the first few months!!!).

There is a great sense of satisfaction that, once your **** is in order (house, kids, $$ in the bank, insurance paid, etc), if you have worked hard, saved, made good decisions... to open the garage and see XXXX car (for me, the 308), and know it is yours, and that good things happen to good people... not just members of the lucky sperm club.

 

Ther's still no prestige, or rather it doesn't matter...even though we can now afford the expensive driver and big house on our own, we don't want them. The house that we moved into in Sept 2004, after I spent 1 1/2 years remodeling it to design perfection, is going to be sold this year in favor of a much smaller cottage, and there are no plans to upgrade from the '99 paid-for 4Runner. My cousin brought over the new 2007 5-series BMW sedan that he bought as a family and self reward for turning 60, etc...completely awesome car but I'd have to be insane to even consider something like that, especially if financed like his is.

Looks like the 330 2+2 is about as good as it gets...very cool with that.

 

You put a pretty big ass smile on my face Jon.

And your probably right - but the TT runs pretty good...

 

I would never give one of my kids anything like a high performance car when they turn 18. Especially if I see that glint in the eye and hear stuff like "I just want to drive it around for fun". At best they can get an interest free loan for a regular car and I'll pay for the advanced driving training. A lot of it...

I remember too well what I was doing in cars when I was 18.

 

Step into the world of Classic Ferrari.... buy a Testarossa, 308, 355, 328, 348 or a Dino. They are every bit of Ferrari, much more roar. They give you same great sensation feeling as new guy 430 with more sensible investment.

I would rather own a Testarossa, 308, Dino and a 412 than just one 2007 430.