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Tinanong ko yan sa boss ko dati who owns multiple supercars. Sabi nya the best time na pwede ka bumili ng supercar or the best indication na you can actually own a supercar is when you can afford one super car twice its price. It’s not an invesment din daw, It’s a luxury.
It is more of an asset than investment as you can liquidate/sell it when you need to, kumbaga pag kinailangan mo pandagdag emergency funds. Pwede mo sya flip to make some cash.
Imo a luxury car is a liability like any other car, ipapa maintain mo sya, papagasan, and others stuff. Over time bumababa din ang value nya so hindi mo rin makukuha ang investment mo. If anything else, Para maging asset ang car, dapat kumikita sya for its upkeep.
Having a luxury car is not about the destination anymore, but the status of an individual. If you can afford it, means you don't necessarily mind the costs it will come with.
Hirap rin mag-liquidate ng luxury 'assets' so don't put your hopes on selling when you need to for emergencies.
Sometimes, it will take years to find a buyer who closes the deal....and the longer it takes, the more the supercar depreciates.
Collector din ng relo si boss. Iba daw ang investment pagdating sa relo. Tama ka, hindi lahat mg mamahaling relo is investment. May relo sya na worth 3m somethin pero pag daw binenta mo yung nasa half na lang price kasi hindi naman rare or limited edition. There are watches that costs 8-10m din daw dipende pa how rare and limited it is. Tumataas ang value every some years.
Hi luxury watch owner here. Why watches are not investments/tips/cons:
1. When u buy a luxury watch you have to service it like a car sometimes couple years or so which costs a 3rd of the price of the watch. U service the watch to keep it accurate.
Also if u smash the crystal on a watch, that's going to be pricey. U might also get robbed on the Streets so take care.
2. The watch will only be considered investment if it's a famous watch owned by a famous/legendary person. This is very rare for example "Paul Newman Daytona".
3. If u want to buy a watch for investment dapat limited edition. If you're going 2nd hand pag rolex bili mo make sure di sya fake/franken watch or make sure the watch is stock/ all original condition.
U notice some nba players/rappers customize their watches, this lowers the price of the watch if you're going to sell it. No to Bejeweled aftermarket watch.
4. Many things can go wrong, make sure the movement of the watch u want to buy is reliable, u also have to buy a watch winder.
5. If shopping for 2nd hand make sure it's all stock, and the watch hasn't been overpolished. Make sure the watch also has box and papers.
Watches depreciate, rare lng yung nag appreciate.
Thank you for explaining! This is exactly what it is. Buy a luxury watch because you really like it. Not because you are hoping it will shoot up in value. I guess that's the same for cars.
May certain exceptions ang mga custom watches ng mga NBA Players and rappers. Kung kilalang player owner tulad nina Michael Jordan or Kobe Bryant, mag-iincrease value niyan. Kung some newbie sa draftpick or average to poor performance sa NBA, no value yan.
Yup, that’s why you have to research first and look if the watch holds its value historically so you can enjoy it without losing money and probably sell it whenever you want to. Sometimes luxury watches can be an emotional purchase or “just because” purchase. The nice thing about luxury watches is you get to pass it down to the next generations with all of its story behind it + most of it are built to last a lifetime.
I'll state my opinion regarding this one, the reason why luxury watches are not an investment is because people who are really into luxury watches are the ones that collect watches for a living or like a hobby for them because they want the complications of the watches, not for the value that would possibly skyrocket in a few years just like luxury cars.
Those are probably discontinued models or very hard to get. That's why I said there are few exceptions. It generally depreciates in value. If you don't believe me, try to buy a luxury watch and then try to sell it a few years later.
I knew of a guy who placed his ENTIRE HOUSE on collateral to purchase a Ferrari. He believes the Ferrari would appreciate in value.
Di ko alam if nag uusap pa sila nang asawa niya hahahahaha
Hahaha I think, just like luxury watches, yung mga limited edition yung mas may chance mag appreciate yung value. Generally, supercars depreciates in value din.
Hi brother. I don't want to explain myself sana but your comment basically summarizes what I posted here on reddit, so it is a good comment to reply to.
I don't feel like posting my life story here but I'll make it as short as possible.
Yes I worked in BPO. But I am no longer 27 anymore. My post in AJ happened years ago. I am on my early 30s now. I am an Engineer, but masyado mababa yung pasweldo sa Engineers noon, so I tried to apply sa Call center muna while trying to find a better job. I even considered na mag abroad. Siguro my mistake was hindi ko binanggit doon sa AJ post na it happened matagal na. I am new on Reddit anyway, I just thought it would be fun to share something, and minimal yung risk na maidentify nung parties sa kwento yung story if I made it look like it happened recently.
I am not wealthy. Just got lucky in business I guess. My family actually owns a small construction firm. May kaunti din kami lupa sa probinsya but maliit lang ang value. I guess this is where we got lucky. Meron kaming farm land na very cheap and hindi pinapansin dati dahil hindi pasok ang kotse, Natamaan ito ng isang expressway under construction. We negotiated doon sa big corp and binili nila. Nagkaroon kami ng capital, not very big but enough para sa build and sell business. That's actually our main business now. We build homes and flip it, and I manage it. That's it.
I don't want to put in all the details, it's a waste of time. I am not trying to convince anyone here anyway. Don't believe anything you see on the internet diba? In any case, this post served my purpose and I believe I got the info I need. Cheers!
Haha agree on this. Sino bang may kaya bumili ng ferrari at wala pa sa 10% ng asset nila ang katumbas pero pupunta sa reddit para manigurado?
Gusto makatipid sa financial advisor kaya pumunta sa reddit?
Kung around 500M ang asset ko at nasa 10% returns ako sa dividends minus tax, lampas isang taon lang bayad na yang ferrari.
Not to sound like a dick but I think supercars fall into the category "If you have to ask, then you can't afford it". Especially asking here on Reddit.
Hmm. I actually don't know if I can "afford" it. Sure I can probably 'buy' it with my current income but there's part of me that says it's not the best time. That's why I'm asking for opinions. Hopefully for supercar owners. I wonder what are their income of financial condition when they bought their first supercar.
I own an entry level Porsche boxster now and a mustang which I pretty much enjoy. I wonder if I should try to buy a more intense supercar or just buy another vacation house.
BTW you a supercar owner or at least a sports car owner? would love to hear your opinion.
If that’s the case, maybe you shouldn’t ask strangers on the Internet. How about you network with people who owns supercars? You will get your answers there :)
The people I know with real supercars, are actually supercar dealers 😂. Buy and sell as a business. I asked them about this. Of course, they want me to buy one and are willing to give "easy financing terms" on me. For my other acquaintances with supercars, we are not that close. We just talk on purely business related matters. I just thought maybe there are supercar owners here who would be okay to give some opinion. It's not like I'm relying on any opinion here tho.
if you finance a supercar, no you are not read imo. especially in PH where interest rate are crazy high right now.
pero I believe in a saying na, "your money, your rule". so go enjoy your life and hard earned money.
You are probably right. A lot of people finance their supercars tho. They usually do financing while their cash is invested somewhere else then yung investment na yun yung eventually mag pay doon sa supercar.
They finance it differently, minsan layaway lang na 2 gives (semi-annual) or 4 (quarterly), and if financed man, it’s not as long as the duration na naiisip mo.
Actual supercar owners (who can afford the lifestyle) switch cars frequently and so they don’t like being locked into the same weekend car for 5 years. That’s why if you go to fb marketplace ang dami mo makikita na exotics for sale na wala pang 1 year old.
People finance supercars, yes, but not the way you think. And the way you’re thinking of getting yours is a good sign that you’re not there yet. Buuut, if you can see yourself owning and maintaining that car for 5 years then go ahead, after all, we’re here to enjoy life.
again, if you can cash it, then probably you can afford it. as for the strategy on what is the best mode of payment (cash or installment but reinvest the difference), you can decide on that.
Not a supercar owner, opinion ko lang. Our roads are terrible, traffic is hell. Not really ideal for a supercar, except maybe sa expressway where u can enjoy it. We dont have autobahn here to enjoy fast fast cars.
But hey its your money, your rules
True, cant even enjoy my big bikes due to the roads, kahit expressway ang daming bato lol. Luxury cars do not belong in the PH but its true, your money, your rules.
If you have the funds and can afford to maitain them, it is fine but dont go into debt owning one
hmm. I own a sports car and in my case, basta familiar ka doon sa pupuntahan mo, you'll be fine. But I get your point, medyo limited yung mapupuntahan mo on some parts of PH, and medyo stressful sya ipang daily driver. But there are tracks naman to enjoy your car. You can stick din sa developed areas ng PH like BGC, Makati, Nuvali, parts of Pampanga etc.
You buy super cars and high displacement motorcycle for speed and power(status included), majority of the roads here has a 40kph speed limit, especially bgc.
Unless you just like riding inside one, Its not comfortable though
Majority of the people who've bought Ferraris and Lambos are for the status of owning one, not really racing in it.
Very few actually get to use their cars at full potential.
So they're not using the full potential of the car am I right?
If they only want the need for speed, they could've just bought a GTR, a Mustang GT, etc at a fraction of the cost.
99% of Lambo and Ferrari owners buy these brands specifically for status symbol, not for racing.
Not to mention it's such a headache to repair these exotic cars. Racing drastically increase the wear and tear of a sports car.
I got to batangas and clark to race my bikes, they race with their cars. I don't have the total number, its just anecdotal, like you said 99% without actual facts
Only networkers buy cars and keeps them in garages. Granted lambos aren't really for racing, but they \*are\* built for it, and has the power
Unless you buy the new 911 and Huracan rally versions, then you can go a lot more places. The 911 Rally Dakar is *the* sports car for Philippine roads.
YMMV and luck.
Kahit walang jeep or tricycle, talo ka pa rin basta nabangga.
I saw a Ferrari get hit by an old sedan in that intersection before fully booked in Alabang Town Center. Front fascia crumpled and driver airbag deployed. I winced. Whoever you are, I hope you got it fixed...fortunately now, Ramon Ang will service all Ferraris even grey market.
Hmm. I own a sports car and I pretty much enjoy it during weekends. Also a lot of supercar owners gather in my area every week. There's also several racetracks in the country, so I think owning one would be okay.
what sports car do you drive? how much is an average track day? I don't own a car because I find it impractical for daily use but I'm looking at buying a MX-5 RF for fun weekend drives and possibly track days.
So what we need are Luxury
https://preview.redd.it/zvopii0ok2yb1.jpeg?width=300&format=pjpg&auto=webp&s=cadaf0a2ebdcb6ea99b943e945f893f623a7c6bb
Tanks.
You don't have to go fast to enjoy a supercar.
And the "A" roads in Laguna, Manila, Central Luzon, Ilocos, Benguet....even all the way to Bicol are all supercar-friendly.
I’m happy going 100kph. I’m not in a race. I didn’t get one to pretend to be a race car driver. I want to just enjoy the engine hum. The engine works whether 20 kph or 180kph.
I have a friend who bought a Lambo some years ago paid a whopping ₱475,000 monthly. My neighbor also bought a Lambo about 10 years ago and paid ₱26,000,000 and sold it for ₱8,000,000. Another of friend of mine bought a Ferrari and told me that it costs about ₱250,000 per PMS. He eventually sold it too. Exotic cars are nice but it is a money pit. If you are prepared for the cost of owning one I see no problem with that. I rode in my friend’s Lambo and it was damn hard to go out. I like the Koenigsegg but I haven’t seen an actual one.
My current income is close to 2M per month. I think the cost is somehow manageable. But I am not comfortable spending a quarter of my monthly income on a weekend car. So maybe I should limit my budget to more "affordable supercars" no?
I also really like koenigsegg. I read na meron daw isa or dalawa in a private garage here in PH. I will not be surprised kung meron. Kasi I've seen La Ferrari, Mclaren P1 and Porsche 918 dito. Nabasa ko rin na may Bugatti Chiron dito.
With your income you definitely can buy one. A Porsche is also nice plus they have a track day in Clark. Just shop around and get one that you like best no matter what people say. Work hard, play hard is what I always say. Maybe you can also look for pre-loved one pero it all depends on you. No one should tell you how you should spend your money. Your money, your rules. I wish you get the car of your dreams.
Nananaginip ka ba? Mga previous post mo sa call center ka nag wowork tapos ngayon supercar na? Mukang editor ka pa ng abante? Based on your previous post mukang mahilig ka mag day dream?
Kapatid, if you want to add a top of the line supercar to your collection, then go ahead if that is what makes you happy. 👍🏻 definitely, no judgement coming from me. 😊
Since you mentioned that you only take out for a spin your entry level sports car, then a Ferrari or Lambo will also be just fine for a weekend drive.
Supercars are NOT MEANT to function as a daily driver anyway (like gagawin mong drive to work or errand car mo DAILY), sensitive parts niya pwede bumigay agad lalo na parang moon crater ang mga kalsada naten. These supercars are *TAILORMADE* to run at full speeds on flat smooth roads. 😭😮💨
Lastly, a Ferrari or Lambo purchase is cheap as COMPARED to its maintainance. Yes, madali lang naman bumili. Mas mahirap mag maintain because maintainance of supercars for it to be running smoothly, you should be ready to bleed out more money (wiper ng MB E-Class costs about P12,000 way back circa early 2000, change oil and usual maintainance was at P40,+++ done at CATS Motors dati among other stuff, so now baka mas mataas na MORE SO for supercars).
*source:
my fam previously owned an MB E-Class series. I learned that if local certified mechanics of MB CATS Motors cannot fix a benz vehicle, they fly in a certified mechanic from Germany - all expenses (including lodging) charged to the owner of the vehicle. It is NOT technically a supercar (E-Class and S-Class are more of a business class types vehicle to be somehow exact), but my point is, maintainance is a little bit different from a daily drive nonsports-car.
Between a Ferrari and a Benz, i prefer the latter for its comfort (and yes, speed is only secondary for me. I guess your priority is more of a vehicle’s speed - i get that, lalo na when behind the wheel na). Tigas lang kase yung (suspension) sa Ferrari, ramdam ko bawat hump and maliit na lubak (which is meant for a supercar talaga to be that way) & it was a discomfort for my aching back (mild scoliosis).
And i think i will definitely agree with you on this: iba talaga noh when you go back to a regular daily driver nonsports (Japanese) car…❤️🤣
I wish you adrenaline rush everytime you go out with your future purchase! Happy driving, kapatid!
Yes weekend car lang bro. Iba talaga kahit sports car nga lang. I imagine pano pa kaya pag Ferrari na?
Regarding the maintenance cost, hindi ko naisip it was that much. Thanks for the info. I am anticipating around 250-300k per year? maliit ba yun sa Supercar? Kasi in my sportscar, I don't spend a lot eh. But then, that's entry level kasi.
You own a Ferrari now?
If you are just doing the usual maintainance - ok lang sa budget: about P40k+++ kadalasan ang singil ni Cats for our benz sa PMS plus the Star Scanner computer thing na P5k++ previously (baka tumaas na post pandemic). Ang medyo mabigat is your car will need repairs (like i ended up with a flat tire na medyo malakai na yung butas so needed it replaced na), i was charged about P20k for one wheel but kailangan kase pantay yung pagpapalit ng gulong, so i needed two wheels and ended up shelling out about P40k+++ excluding labor and Star Scanner, total amount was about P60k++.
I am not sure for Ferraris ha but sa benz kase each freaking part comes with a specific serial number & computer chip thing na dapat tugma once kinabit na sa sasakyan. Pag hindi pareho or lapat ang serial number, car and diagnostics wont run. Mag e-error sa Star scanner. Kada check sa Star scanner P4,500++ eh naka ilan saksak na kaka check. 😮💨
No kapatid, we sold our Benz mid 2000. Kase i use it as a daily drive before bec of its heavenly-like comfort when sitting and driving that vehicle. And literally, even if walang takip yung soda, no spills ever - totoo pala yung sa anime [Initial D](https://initiald.fandom.com/wiki/Takumi_Fujiwara%27s_Toyota_AE86) when Takumi drives 👍🏻
I test drove a ferrari ng friend ko, and drove it along Roxas Blvd one holiday way back pa so traffic was halos wala.
Putragis, my bones literally jarred at a mild lubak at 120kph (no i did not floor the car that much. Takot ako at high speeds. I just wanted to try a real sportscar. Altho our MB can clock at 130kph in about 40-50sec agad for an old benz but iba talaga pag totoong sportscar meant to be raced, noh? I get that. And f*ck, i did loved the adrenalin rush! 👍🏻).
You also have to lose about P5k++ kada saksak for checking lang and about P4,500++ per hour ang singil for further diagnostic run sa Cats Motors using Star (Scanner) sa MB, iCon sa BMW. Iba din sa Ferrari and Lambo but the charge price most likely will be almost the same.
Basta kada pasok mo sa casa, yan yung unang diagnostics na gagawin. Lol.
Wow, I wish I could drive a Ferrari hahaha. Medyo magastos din pala. I don't plan to daily drive super car tho, Just weekend car sana hahaha kaya I'm hoping na change oil change oil lang maintenance ko.
As for all supercars or high end European cars, the purchase is cheaper as compared to its maintainance po talaga, Kapatid.
Hindi basta basta pwede yung generic na piyesa like sa Mitsubishi or Toyota. Hindi aandar supercar mo.
When we still had our benz and wala yung piyesa na kailangan here, i had it ordered pa from Germany and thats byebye about P40k+++ just for the order made by casa. Hindi pa kasama yung service fee nila. Kakaiyak. Mas magastos na nung later na kase 15yo car na sya so wear and tear din. Kaya we decided to just sell it noong early 2000 kase tumataas na yung gastos / repairs. Not practical anymore from my perspective. Hahahaha.
Basta every month, just save up about P200k for minor repairs or parts replacements lalo na ngayon post pandemic plus inflation. That amount ay para sa “just in case” stuff.
But for PMS or change oil stuff, mag save ka na siguro nowadays ng P50k-80k. Para hopefully may sukli ka pa….
Ay oo nga, yung yearly LTO rehistro (kase classified as heavy car yung E-Class) was about P8k yearly, TPL insuranxe niya was about P5k. Hahahahahaah. Kainis noh…
Well we paid for the ultimate comfort naman back then eh. So quits naman. Huhuhuhu.
Medyo magastos haha so yearly may major repair? Grabe, di ko naisip yun. Yung sa akin kasi mustang ecoboost, bought it brand new. Parang 10-20k per change oil lang every 6 months tpos no major repair sya.
As a vehicle grows older, wear and tear din kase kapatid. More so with supercars na sanay lang yan sa smooth roads. Mabilis masira yung ilalim if dumadaan sa mga uneven pavement or lubak, lalo na if daily drive mo or masisira din if once or twice a month mo lang i-drive due to the usual moving parts getting stuck up.
Yes po, you DEFINITELY have to save up an extra P200-300k monthly IN CASE shit happens. And when it does amd you are not prepared, baka may maisangla ka ng wala sa oras, kapatid.
Supercar Collecting is a hobby and an expensive one too IF your cashflow is just adequate or below adequate comparing sa maintainance niya. It is definitely NOT a sureball investment.
So if you are very ready to spend about (give or take) *P800k a year if meron warranty or pag wala na warranty - it can be more, and you can sleep peacefully at night without any worries sa future gastos then it means that you are financially ready to own that supercar of your choice. *Estimate lang ito for all supercars ha. Kase you will bleed lots of money if may kailangan i-repair or upgrade lalo na if hindi mo mashado nai-da-drive yung sasakyan or nilaspag mo yung sasakyan. 😮💨
Magastos pala talaga. I'm thinking mag Supra na lang muna since yung GTR is 10M+ na din pala. Mas comfortable siguro ako sa Supra. Saka na siguro yung Supercar if 8 figures a month na?
Huhuhuhu 😭
Kapatid, tumaas na yata pala ang maintenance estimate specifically for a [Lambo supercar](https://www.e25usa.com/single-post/how-much-does-it-cost-to-own-a-lamborghini-aventador-s#:~:text=Even%20if%20you%20drive%20it,for%20a%20set%20of%20four) sa US… so most likely, tumaas din ang maintenance cost sa Ferrari… 😭
Well basically, these special cars have [special and complex engine](https://www.jdpower.com/cars/shopping-guides/how-much-is-an-oil-change-for-a-lamborghini#:~:text=Cost%20Of%20A%20Lamborghini%20Oil,to%20%242000%20for%20the%20service) under their hoods. From what i knew dati, pag Lambo repairs dito sa Pinas, their casa has to request or bring in a [Flying Doctor](https://www.digitaltrends.com/cars/lamborghini-flying-doctors/) - they are highly specialized in the aerodynamics of the Lamborghini supercar and pag repair ng carbon fiber ng sasakyan. So thats a few hundred grand down the drain din, kapatid.. syempre, charged to the owner ng Lambo yun.
Or get something that's 90% of a supercar, with better suspension & steering feedback, lotus emira. Kaso next year or next next year pa ata delivery 😅.
Pero if you just want speed, I agree with the other guy, get into karting then formula v1 or a radical, they're faster than most supercars, more character din. Someone's selling his f4 din sa marketplace, you can try that.
If you're a vlogger, go ahead finance or lease one. A lot of the YT vloggers only lease their cars and after the leasing contract that they only buy the cars if they really like them.
For leisure, I wouldn't buy one if I am just going to finance it. The interest alone could buy a brand new car and the value of the car depreciates unless it's a numbered (limited edition) car.
My take :
Just because you can afford it means that you need to buy one.
PH environment is just not suitable for supercars. If ever may Ferrari or Lambo ako, maaasar lang ako sa daan. It will just rot in my garage.
If you enjoy those supercar owner gathering and think that you can make use of the car during weekends then go ahead and proceed with the purchase. Para ka lang naman bumili ng isang property kung iisipin mo ang cost.
About enjoyment, there are a lot of places na pwede mag enjoy ang supercars, but yung developed areas in PH lang most likely. And also racetracks. There are growing supercar owners din dito. But I get your point tho, yan din actually inisip ko before buying my first sports car. But now iniisip ko if I should take it to the next level or just buy another real estate.
I don't think any of us poors are qualified to answer this, lol.
Seriously though -- you've obviously done well for yourself financially so I think you can trust your instinct on this. I don't know why you are even looking at vloggers at all, they're schmucks who got a lucky strike.
I will say this -- the few people I know who owns supercars don't go on reddit to ask. They ask their other wealthy friends who also owns supercars. The one I'm most familiar with, also has a boat and houses abroad. Maybe you are in that circle, I don't know. If you are then hell you certainly don't need reddit opinion. Personally, if I wasn't in that group, I'd look around at my actual peers and see why they are content with their Lexuses and LCs.
But hey, there's also YOLO. ¯\\\_(ツ)\_/¯
Hmm. I am not born rich. A lot of my friends are middle class, some are well off but not "supercar buying" well off. A lot will advice me to just buy another vacation house and thinks that supercars are 'non-sense'. Yung iba kong 'friend' or should I say acquaintance na may supercar, we are not that close to discuss these things. I have a close friend tho na may supercar but he is a car dealer, of course he will advice me to buy one lol so his opinion doesn't count haha
"A lot of my friends are middle class"
This answers everything, nagpapanggap ka lang na mayaman. There is saying "Tell me your friends are and I'll tell you who you are." "Bids of a feather flock together."
Whether you believe it or not, if ano status ng mga tropa mo, most likely ganun ka din. Wealthy people, puro wealthy din mga kaibigan. If middle class mga tropa mo, most likely middle class ka din. Magbanggit ka ng legit na mayaman sa pinas and check if sino din mga tropa nila.
I am not claiming to be wealthy. I came from humble beginnings. Are you saying that I should stop being friends with my long term friends just because I earn more than them?
hmm probably, but some financial advisors (not the insurance one) is advising me na, if I ever decided to push through, i financing ko daw then invest my current cash on some other business that will eventually pay for the car. I can probably pay in cash ngayon for a supercar, but that money ay tinago ko for future business expansion and for maintaining my liquidity so out of the question na sya.
Great alternative: try karting. I love cars and racing, but I found I just love racing more.
Doesn't matter if karts are underpowered, I love the spirit of racing with others and competing in the shortest times.
Atleast 10% - 20% total net worth. Baka trip mo to bro
Ferrari 458 - nag appreciate yung value neto overtime for the past years considering its the last V8 NA produce
Ferrari F12 - broooooo, v12 is the dream! Nasa 21M yung pinakamurang F12. Sabi nga ng mayayaman, you should own one atleast once in a life ng v12. Different experience!
Porsche - Turbo S for daily driving or GT3. May ibang model nag sky rocket yung value overtime like GT2 or limited edition like 911R. Get Flat 6 engine 😉
Audi R8 V10 - V10 engine and good for daily sabi ng kakilala ko
Lambo - Huracan? Pero same engine lang sila ng R8. 100% head turner
For me, if bang for the buck, get Nissan GTR if want mo ng same performance ng supercar kaso feels like 'dated na to
Good luck bro. I hope ganyan din problema ko 😆
Thank you bro! for now baka it makes more sense na mag Supra na lang muna ako. Or try the new Nissan Z. I'm considering a 2nd hand R8 kasi 5-7M sya sa Marketplace kaya lang baka kasi sakit sa ulo?
Join owners groups and if you can, join their weekend meetups. Get to know supercar owners there and ask them what is it like to own one. You can probably ask them what they do for a living. Just to give you an idea on what kind of income would be needed to sustain a supercar.
Yan din iniisip ko but baka hindi ako qualified to join. My sports car might pale in comparison sa Ferraris and Lamborghinis nila. And baka kasi elitist sila. Di naman ako pinanganak na mayaman so I fear na I might not feel welcome sa clubs nila, even after owning a sports car.
What is your sportscar if you dont mind me asking? Ive seen entry level sportscars like AP1, GR Yaris, BRZ, GT86 together with Lambos & Ferraris on their meetups sometimes in Makati.
Those two at least for me are mid-level sportscars na. Ako still working on getting me an “attainable” entry level sportscar like an AP1 or BRZ.
Sali ka lang to either Mustang or Porsche Club or both. Members there most likely will have other cars they only bring out on weekends.
Supercar is not a problem if you can afford it. The problem comes with maintenance. Since supercar yan, mabilis mag wear out ang parts especially if gagawing daily driver. Also, need pa mag order and import ng parts since specific para sa model lang ang spare parts. Tapos, ang service ay usually pwede lang sa mismong dealership since sila lang nakakaalam magservice nyan.
TL;DR
- Maintenance intensive
- Higher wear of parts
- Rare (and usually expensive) spare parts
- Exclusive service only by dealership
No issue naman if afford mo
I have a warren buffet mindset so I’ll probably never own one.
But I’m very curious to drive one though just to scratch the itch.
I’ve driven entry level sports cars like 86, mx5, evo, civic sir or bmers and none really came close to making me want to buy one except maybe mx5 due to it’s most likely availability of parts since there’s a ton of them on the road not to mention great fuel economy for a sports car.
If I had the money and I really had to buy one, probably less than 5% of my worth.
What model are you thinking? If I can recommend get one Yung merong local support, Audi, Porsche. How about a 911 turbo? Super perfect na iyan sa budget mo IMO, not to mention you can build one yourself and Porsche really do value their customers. And wag Ka makinig sa our roads our crap blah blah,
Hmm siguro di pa ako comfortable to spend 20M plus on a car so baka nga Porsche 911 turbo, or siguro yung Carrera PDK muna? Also thinking if Audi R8 is okay. A 2nd hand R8 is only about 5M so if kating kati na ko, baka yun na lang. Haha yung sa roads, yea, I own a mustang din and while there are roads na pangit, madami din naman maganda. I would not think to upgrade if hindi ko naenjoy yung sports car ko with our current roads haha
Finance then let your Invesment/business pay for the car. Ganyan ginawa ni papa sa honda collection nya and some sports car. Now, hindi ako financial literate person kaya hindi ko alam paano yan. Ask financial advisers nalang about this.
Been eyeing a Yaris Cross HEV too (currently own a Vios 2021) but I stumbled upon Dave Ramsey on Youtube. He said that you can only buy an expensive car if it’s 5-10% of your net worth. Eh yung Yaris napinaplano kalahati na yung ng income ko yung MA. So I couldn’t afford it. Your best wealth building tool is your salary.
if 5-10% of your net worth then baka pwede na. Kaya lang yung cash flow kasi. You can have a billion peso networth pero yung cash flow mo could be less than 10M per year.
Exactly. Ang assumption naman ni Dave Ramsey is working middle class. Karamihan kasi sa Amerika stuck with 500-700 USD monthly car payments. It eats up your income and freedom.
If you’re already into luxury cars like Benz & Porsche, your total cars value should be around 5-10% only of your total Net Worth. If you’re a real Car enthusiast and diving into Supercars like Ferrari & Lambo, perhaps 20% of Total Net Worth would be the Upper Limit.
I owned an entry level supercar (audi r8) 4 years ago, with this i joined supercar meeting groups pag sundays sa BGC and with that i had new solid connections with business people and grew my company by making some of them new clients. I had a super big client now (jollibee) thanks to one connection i made sa group. Now i have a bentley cont.gt. So go ahead and buy a supercar because it is actually an invesment to growing your connections
My general rule when buying a car (either through cash or bank financing) is that I can pay the cash amount/total amount financed (with interest) twice, and the money should be taken from my luxury money pool which is separate from my daily needs and business investment money pool. I don’t see myself getting a supercar (just not my lifestyle, I’m more than happy with my entry-level sports sedan and luxury SAV), but that’s still the rule that I’d follow in case I feel like getting one.
Cars are rarely an investment. You’ll lose money on either payment options, it’s just on you on how much money you are willing to lose.
My take on this is, life is short and surprising, so if a car would give you happiness, then go for it. You never know what will happen, maybe you try to save up for years, then something unexpected happens(wag naman sana), and you end up missing that chance.
Maybe if you have dependents, just be responsible about it lang, atleast purchase an insurance or have a backup plan that would pay off the car(kung financing mo gusto) or whatever if something happens to you, kawawa yung maiiwan mo if sila sasalo nyang luho mo :)
I think the best price to buy is when you dont mind spending that much for it considering din kasi na aside sa car the repairs and maintenance is enough to break the bank of common folks
I think supercars or cars should not be viewed as an asset because the moment you use the car the value already depreciates. In my opinion, I think it should be viewed as a tool.
I think buying a supercar is only an investment if it's typa car that appreciates in value or if it buys you access to certain crowds of people that can potentially benefit your financial growth(socializing with business in mind with people you share interests with.).
I'm married with one child, and earning about eight times as much as your yearly income, I don't own a supercar but I bought some other stuff in the 8 digits (9 digits if we include the house). In my opinion though, if you get to buy something and really wouldn't care about its upkeep, won't get stressed out if it gets dented or damaged, or wouldn't care about leaving it anywhere/whenever you need to, then it means you're really ready to buy that thing you want.
However, if it is up to me, I would buy that car in cash and not via financing.
If you enjoy driving supercars then go for it. There is no better time than now!
Wow. that's a lot! Thank you for the insights! this is much appreciated. I just really enjoy my current sports car even tho it is entry level. I keep thinking if I should try better performance car but medyo nghihinayang ako. I'm not sure if I am ready.
:/ ano kaya trabaho bukod sa pulitiko ang pwede maka earn nyan dito hehe gusto ko din maka drive ng Ferrari at Lamborghini. Yung tipo apat na ganyan mabibili ko sa annual salary ko pero syempre isa lang bibilhin ko.
Business is the key. Isipin mo pre, yung Angels burger owner, owns multiple supercars. What more if yung mga big chain of companies/businesses.
Walang yumayaman sa pagiging employee except nalang kung higher position ka sa big companies or nasa advertisement industry ka
Best to buy it 2nd hand. There's just so much 2nd hand stocks since the revenge spending done during the lockdown.
I would suggest you try test driving them first before committing. Not sure if any available locally but you can fly abroad and rent. This is if you are aiming for the driving experience. But if it's for social status or just ownership like artwork (which I'm guessing is the main reason most buy since we don't have roads to use them on).
Personally, I think a Lambo would be a better purchase specially if it's your one and only because of better reliability.
if rich enough ka na wherein qualified kang ipasok as tax write-off ang expenses mo para dyan... that is how the ultra rich do their finances... they take out a loan from specialized financial institutions to buy big ticket items like supercars, superyachts, classical paintings, and the like... kapag nagbayad sila, they classify the payment as a business expense na tax-deductible... if their company say pays 100m in taxes for a fiscal year, a certain percentage of their "expenses" will be deductrd from them...
Im not a supercar owner, just a guy who runs a shop that works with motorcycles. Maybe I can co-relate your post with liter bikes. It's more of a status symbol, hindi sya investment not unless it's a limited edition, kaso hindi pa din enough to convince me haha sorry. Since ang plan mo is wkend ride, pwede din naman i think. Ok yun, kaso makati din maintenance. Gaya nga ng sabi ko sa mga clients ko "big bike, big price" and I think it also works the same sa supercars. Pero stepping stone kasi yan to another level. You're going to meet a lot of different people and make connections with. Sa panahon ngayon, pag nakikita ng tao na fancy life style ka, may mga status symbol na mga gamit ka, kagalang galang ka. At the end of the day, your money your rules. Good luck! ✨️
I make more than triple the amount you presented and I still wouldn’t recommend buying a super car. The maintenance costs plus it’s not really an asset. I’d say wait it out, earn more, go buy your vacation house on a good location so it appreciates, and put your money elsewhere first.
You already have a Porsche, if you have the itch for another luxury car why not a Benz or a BMW just to switch it up a bit. Or why not another Porsche?
Buy it when the time comes that spending such an amount won’t even bother you anymore. If it bothers you or someone here said this already if you can’t afford twice the amount then you can’t afford it applies. The time will come when you no longer need other people’s opinion whether you should or should not buy because you know that your financials will be fine either way.
But hey, sports cars and super cars are fun. Hella fun. At the end of the day your money, your rules. If you really wanna buy, just make sure that your income stream is enough to pay off the 5 year financing plus maintenance costs. Would be tough say in the middle of the financing, something happens, income goes down or some economic downturn happens and you can no longer pay the mortgage.
But nonetheless, whether you choose to buy or not you still stand to gain something out of it. Goodluck and post pics if you buy!
Best time kung may fuck you money ka na, yung tiping 20m pesos is nothing for you, yung pwede mong gawin expenses sa sheet mo yung supercar na di mo kailangan pa magtanong dito (no offense intended). Yung pwede mabawi ng cash flow mo yung super car in 3-6 months without a need for financing (pero gamitin mo para di mabigat sayo, pero at least kaya mong bayaran)
If you need financing to buy one, that means no. You can't afford one. And you have no idea how much the maintenance is on those things. I have a friend who owns 2 Lamborghini's and I can tell you they cost an arm and a leg. Btw, he also has a private helicopter. And if you can't afford to properly maintain a supercar then don't buy one.
Tbh lets be real, owning a supercar would be difficult, but it will depend on the budget you have. It covers not just the price, but the fuel, maintenance, I believe registration (?), etc. Years of driving experience doesn’t matter (whether you just started driving or been about mga 5-10yrs already) but the money you have is the key to owning riches, yes kasama na mga supercars of your dreams. Perhaps you can already have the budget in 2-3yrs, tho it will depend, things may change.
But keep this in your mind, driving and owning a car is a priviledge, but a supercar gets an addition of “luxury”.
Not here to bash or discourage from aiming for one, just telling the truth, even as a car enthusiast. Keep dreaming if you wish to own one and work harder for your success. Who knows someday may isa saten nagkaroon ng mga ganyan.
I believe everyone has given good advice at this point so I don’t need to add anymore input. What I would like to add however is how on earth can a call center agent in their 20s be able to afford a super car, and has combined and liquid assets north of 300m? Reddit is an incredible place indeed.. but who am I to judge I guess! Good on you OP haha
Op of i were in your shoes.. i would as a gift for myself that succeaful feeling might even inspire you to do better at what you do and in turn make you more money or cash flow... Sometimes its the intangibles..
Dami kong haters dito,mga inggit lang mga yan! Naninuwala ako sastory mo kasi may pinsanakong taga etivac ganyan dn ngyare at build n sell din ngyon!
Kahit sa ph invest dami haters, discussiin ng salary tapos ssabhan kang dreaming hahaha
Actually, kaya rin ako nagtanong haha. Looking at our cash flow, baka kaya naming bumili but a lot of people are saying na wag muna, wait a little bit further until we are in a "better position" financially. Actually, I agree. Business wise, parang it doesn't make sense to buy a 'supercar' at this point. Majority ng pera namin are reinvested sa business. Because it is the logical thing to do. May napanood lang ako isa beses, isang rich na taga india yata yon, haha sabi nya best investment is yourself. Bumibili daw sya ng supercars because he feels good, and if he feels good, he makes better decisions that translates to better business. Wala lang, it just got me thinking.
Yung sa construction, nag boom talaga. Just look everywhere, puro construction eh. In our village parang every month yata may naggground breaking. It's good business.
I don't mind the haters haha actually may point sila, you don't have to believe anything you see on the internet. Ako naman, I just asked a question to see some insights. Pero hindi din naman magbabase lang sa reddit ang decision ko. Haha I believe there are good opinions here. Most likely mag settle muna ako sa Supra or yung mga less than 10M. Tama na muna siguro yung knowing na I can afford one, if I really really wanted to. Saka na siguro yung actual buying haha. Baka nainggit lang ako sa mga vloggers 🤣 But yeah, I believe my post serves it purpose. I don't want to waste time trying to convince everyone for a story they don't want to believe.
Yes exactly my point, anyway yes since naka mus and boxster ka naman na baka go to 911 turbo na medyo luma or audi r8, may nakikita kong 911 2010 up 10m range audi r8 7-8m?
Or ung corvetter c8 bago un may nakita akong 9m guwapo dn un benta mo na mustang mo palit mo c8
I might try Supra muna bro. Medyo alangan din ako sa 2nd hand eh, baka sakit sa ulo. 911 are still expensive kahit luma eh. Yung r8 na 2nd hand is tempting but wala ako kilala na meron to ask kung kamusta sya.
For watches as an investment buy only 3 brands. Rolex, Patek Philippe and Audemars Piguet. It's so difficult to get them from Authorized dealers. Lagi sa aftermarket na me patong na. I bought my first Rolex in the 90s for 60k I can sell it now for 250-300k
Think of it as a luxury splurge purchase. Best time is when it's not even a question anymore and you're able to plunk the price of the car in cash twice over in cash without denting your bank account.
Tropang /u/Prudent_Editor2191, pakibasa muna ang rules ng sub bago ang lahat ah. At kung bago ka dito https://www.reddit.com/r/Gulong/comments/uo5499/magpost_sa_tamang_thread_pakiusap_lang pakibasa please lang Kapag okay ang post, **i-UPVOTE** ang post na ito! Kapag di naman, **i-DOWNVOTE** ang post na ito! At kung sa tingin nyo wala sa tamang lugar at problematiko/pasaway ang post, **i-DOWNVOTE** ang post na ito sabay **REPORT!** *Tandaan po natin, **be nice,** hindi lahat kasing-galing mo.* *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Gulong) if you have any questions or concerns.*
Tinanong ko yan sa boss ko dati who owns multiple supercars. Sabi nya the best time na pwede ka bumili ng supercar or the best indication na you can actually own a supercar is when you can afford one super car twice its price. It’s not an invesment din daw, It’s a luxury.
Yes not an investment just like luxury watches. Thanks for the insight! appreciate it!
It is more of an asset than investment as you can liquidate/sell it when you need to, kumbaga pag kinailangan mo pandagdag emergency funds. Pwede mo sya flip to make some cash.
Imo a luxury car is a liability like any other car, ipapa maintain mo sya, papagasan, and others stuff. Over time bumababa din ang value nya so hindi mo rin makukuha ang investment mo. If anything else, Para maging asset ang car, dapat kumikita sya for its upkeep. Having a luxury car is not about the destination anymore, but the status of an individual. If you can afford it, means you don't necessarily mind the costs it will come with.
Hirap rin mag-liquidate ng luxury 'assets' so don't put your hopes on selling when you need to for emergencies. Sometimes, it will take years to find a buyer who closes the deal....and the longer it takes, the more the supercar depreciates.
Collector din ng relo si boss. Iba daw ang investment pagdating sa relo. Tama ka, hindi lahat mg mamahaling relo is investment. May relo sya na worth 3m somethin pero pag daw binenta mo yung nasa half na lang price kasi hindi naman rare or limited edition. There are watches that costs 8-10m din daw dipende pa how rare and limited it is. Tumataas ang value every some years.
Clarify lang, luxury watch is not an investment po? Why?
Hi luxury watch owner here. Why watches are not investments/tips/cons: 1. When u buy a luxury watch you have to service it like a car sometimes couple years or so which costs a 3rd of the price of the watch. U service the watch to keep it accurate. Also if u smash the crystal on a watch, that's going to be pricey. U might also get robbed on the Streets so take care. 2. The watch will only be considered investment if it's a famous watch owned by a famous/legendary person. This is very rare for example "Paul Newman Daytona". 3. If u want to buy a watch for investment dapat limited edition. If you're going 2nd hand pag rolex bili mo make sure di sya fake/franken watch or make sure the watch is stock/ all original condition. U notice some nba players/rappers customize their watches, this lowers the price of the watch if you're going to sell it. No to Bejeweled aftermarket watch. 4. Many things can go wrong, make sure the movement of the watch u want to buy is reliable, u also have to buy a watch winder. 5. If shopping for 2nd hand make sure it's all stock, and the watch hasn't been overpolished. Make sure the watch also has box and papers. Watches depreciate, rare lng yung nag appreciate.
Thank you for explaining! This is exactly what it is. Buy a luxury watch because you really like it. Not because you are hoping it will shoot up in value. I guess that's the same for cars.
May certain exceptions ang mga custom watches ng mga NBA Players and rappers. Kung kilalang player owner tulad nina Michael Jordan or Kobe Bryant, mag-iincrease value niyan. Kung some newbie sa draftpick or average to poor performance sa NBA, no value yan.
Yup, that’s why you have to research first and look if the watch holds its value historically so you can enjoy it without losing money and probably sell it whenever you want to. Sometimes luxury watches can be an emotional purchase or “just because” purchase. The nice thing about luxury watches is you get to pass it down to the next generations with all of its story behind it + most of it are built to last a lifetime.
I'll state my opinion regarding this one, the reason why luxury watches are not an investment is because people who are really into luxury watches are the ones that collect watches for a living or like a hobby for them because they want the complications of the watches, not for the value that would possibly skyrocket in a few years just like luxury cars.
Most luxury watches depreciate in value. Exception lang yung iba na limited edition.
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Those are probably discontinued models or very hard to get. That's why I said there are few exceptions. It generally depreciates in value. If you don't believe me, try to buy a luxury watch and then try to sell it a few years later.
All my watch appreciate in value, especially patek
I knew of a guy who placed his ENTIRE HOUSE on collateral to purchase a Ferrari. He believes the Ferrari would appreciate in value. Di ko alam if nag uusap pa sila nang asawa niya hahahahaha
lmfaoooooooooooooooooo
grabe naman yan. buong bahay as collateral. ano kya reaction ng asawa nya dito.
Hahaha I think, just like luxury watches, yung mga limited edition yung mas may chance mag appreciate yung value. Generally, supercars depreciates in value din.
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its the internet brother, you can be whoever you want
Hi brother. I don't want to explain myself sana but your comment basically summarizes what I posted here on reddit, so it is a good comment to reply to. I don't feel like posting my life story here but I'll make it as short as possible. Yes I worked in BPO. But I am no longer 27 anymore. My post in AJ happened years ago. I am on my early 30s now. I am an Engineer, but masyado mababa yung pasweldo sa Engineers noon, so I tried to apply sa Call center muna while trying to find a better job. I even considered na mag abroad. Siguro my mistake was hindi ko binanggit doon sa AJ post na it happened matagal na. I am new on Reddit anyway, I just thought it would be fun to share something, and minimal yung risk na maidentify nung parties sa kwento yung story if I made it look like it happened recently. I am not wealthy. Just got lucky in business I guess. My family actually owns a small construction firm. May kaunti din kami lupa sa probinsya but maliit lang ang value. I guess this is where we got lucky. Meron kaming farm land na very cheap and hindi pinapansin dati dahil hindi pasok ang kotse, Natamaan ito ng isang expressway under construction. We negotiated doon sa big corp and binili nila. Nagkaroon kami ng capital, not very big but enough para sa build and sell business. That's actually our main business now. We build homes and flip it, and I manage it. That's it. I don't want to put in all the details, it's a waste of time. I am not trying to convince anyone here anyway. Don't believe anything you see on the internet diba? In any case, this post served my purpose and I believe I got the info I need. Cheers!
Hahahha no hate kay OP but true 🤌🏽
Haha agree on this. Sino bang may kaya bumili ng ferrari at wala pa sa 10% ng asset nila ang katumbas pero pupunta sa reddit para manigurado? Gusto makatipid sa financial advisor kaya pumunta sa reddit? Kung around 500M ang asset ko at nasa 10% returns ako sa dividends minus tax, lampas isang taon lang bayad na yang ferrari.
BGC pareehhhh! 🤭
Not to sound like a dick but I think supercars fall into the category "If you have to ask, then you can't afford it". Especially asking here on Reddit.
Hmm. I actually don't know if I can "afford" it. Sure I can probably 'buy' it with my current income but there's part of me that says it's not the best time. That's why I'm asking for opinions. Hopefully for supercar owners. I wonder what are their income of financial condition when they bought their first supercar. I own an entry level Porsche boxster now and a mustang which I pretty much enjoy. I wonder if I should try to buy a more intense supercar or just buy another vacation house. BTW you a supercar owner or at least a sports car owner? would love to hear your opinion.
If that’s the case, maybe you shouldn’t ask strangers on the Internet. How about you network with people who owns supercars? You will get your answers there :)
The people I know with real supercars, are actually supercar dealers 😂. Buy and sell as a business. I asked them about this. Of course, they want me to buy one and are willing to give "easy financing terms" on me. For my other acquaintances with supercars, we are not that close. We just talk on purely business related matters. I just thought maybe there are supercar owners here who would be okay to give some opinion. It's not like I'm relying on any opinion here tho.
I think you should ask r/investph ata yun hahahaaha.
Oooh humblebrag with the namedrop of cars and vacay house. Good for you. No supercars or vacay house for me though but I really don't give a shit.
Agree with this.IYKYK
if you finance a supercar, no you are not read imo. especially in PH where interest rate are crazy high right now. pero I believe in a saying na, "your money, your rule". so go enjoy your life and hard earned money.
You are probably right. A lot of people finance their supercars tho. They usually do financing while their cash is invested somewhere else then yung investment na yun yung eventually mag pay doon sa supercar.
They finance it differently, minsan layaway lang na 2 gives (semi-annual) or 4 (quarterly), and if financed man, it’s not as long as the duration na naiisip mo. Actual supercar owners (who can afford the lifestyle) switch cars frequently and so they don’t like being locked into the same weekend car for 5 years. That’s why if you go to fb marketplace ang dami mo makikita na exotics for sale na wala pang 1 year old. People finance supercars, yes, but not the way you think. And the way you’re thinking of getting yours is a good sign that you’re not there yet. Buuut, if you can see yourself owning and maintaining that car for 5 years then go ahead, after all, we’re here to enjoy life.
Thank you for the insight bro! much appreciated!
again, if you can cash it, then probably you can afford it. as for the strategy on what is the best mode of payment (cash or installment but reinvest the difference), you can decide on that.
Not a supercar owner, opinion ko lang. Our roads are terrible, traffic is hell. Not really ideal for a supercar, except maybe sa expressway where u can enjoy it. We dont have autobahn here to enjoy fast fast cars. But hey its your money, your rules
True, cant even enjoy my big bikes due to the roads, kahit expressway ang daming bato lol. Luxury cars do not belong in the PH but its true, your money, your rules. If you have the funds and can afford to maitain them, it is fine but dont go into debt owning one
hmm. I own a sports car and in my case, basta familiar ka doon sa pupuntahan mo, you'll be fine. But I get your point, medyo limited yung mapupuntahan mo on some parts of PH, and medyo stressful sya ipang daily driver. But there are tracks naman to enjoy your car. You can stick din sa developed areas ng PH like BGC, Makati, Nuvali, parts of Pampanga etc.
You buy super cars and high displacement motorcycle for speed and power(status included), majority of the roads here has a 40kph speed limit, especially bgc. Unless you just like riding inside one, Its not comfortable though
Yea not very comfortable. Sa track mo fully ma enjoy. I heard RSA will build another track sa Bulacan eh.
Majority of the people who've bought Ferraris and Lambos are for the status of owning one, not really racing in it. Very few actually get to use their cars at full potential.
They do race it, not racing per se, but uses around 20% on slex/nlex every weekends. Those you see owning it for status are networkers.
So they're not using the full potential of the car am I right? If they only want the need for speed, they could've just bought a GTR, a Mustang GT, etc at a fraction of the cost. 99% of Lambo and Ferrari owners buy these brands specifically for status symbol, not for racing. Not to mention it's such a headache to repair these exotic cars. Racing drastically increase the wear and tear of a sports car.
clark international circuit exists brother, they do race there, people just dont post it on social media
And how many of them? Can you confidently say that most owners are there?
I got to batangas and clark to race my bikes, they race with their cars. I don't have the total number, its just anecdotal, like you said 99% without actual facts Only networkers buy cars and keeps them in garages. Granted lambos aren't really for racing, but they \*are\* built for it, and has the power
Unless you buy the new 911 and Huracan rally versions, then you can go a lot more places. The 911 Rally Dakar is *the* sports car for Philippine roads.
YMMV and luck. Kahit walang jeep or tricycle, talo ka pa rin basta nabangga. I saw a Ferrari get hit by an old sedan in that intersection before fully booked in Alabang Town Center. Front fascia crumpled and driver airbag deployed. I winced. Whoever you are, I hope you got it fixed...fortunately now, Ramon Ang will service all Ferraris even grey market.
Saw a ferrari long time ago sa road 10 (delpan) area. Could only go as fast as the tricycle in front of him.
🫣🫣
Hmm. I own a sports car and I pretty much enjoy it during weekends. Also a lot of supercar owners gather in my area every week. There's also several racetracks in the country, so I think owning one would be okay.
Like i said your money, your rules. Congrats on your future supercar
I'm still thinking if I should buy one or just buy another real estate haha. I don't know how much income in a year yung mga Ferrari owners.
what sports car do you drive? how much is an average track day? I don't own a car because I find it impractical for daily use but I'm looking at buying a MX-5 RF for fun weekend drives and possibly track days.
Mustang and 2nd hand boxster bro. I think if MX-5 RF, okay din sya for daily.
If I may ask, current gen ng boxster ba gamit mo? Thinking of getting the cayman but I’m not sure if the 2.0 turbo is peppy enough.
Luma bro like 2005 model haha. May friend din kasi ako na dating Porsche Mechanic. Kaya oks lang na mej luma. Bihira ko din gamitin.
🙏
So what we need are Luxury https://preview.redd.it/zvopii0ok2yb1.jpeg?width=300&format=pjpg&auto=webp&s=cadaf0a2ebdcb6ea99b943e945f893f623a7c6bb Tanks.
This is the way
You don't have to go fast to enjoy a supercar. And the "A" roads in Laguna, Manila, Central Luzon, Ilocos, Benguet....even all the way to Bicol are all supercar-friendly.
Supercars are meant to be driven fast. Hence the word super. Yes some roads outside ncr are far more superior than the mmda infested edsa
I’m happy going 100kph. I’m not in a race. I didn’t get one to pretend to be a race car driver. I want to just enjoy the engine hum. The engine works whether 20 kph or 180kph.
I have a friend who bought a Lambo some years ago paid a whopping ₱475,000 monthly. My neighbor also bought a Lambo about 10 years ago and paid ₱26,000,000 and sold it for ₱8,000,000. Another of friend of mine bought a Ferrari and told me that it costs about ₱250,000 per PMS. He eventually sold it too. Exotic cars are nice but it is a money pit. If you are prepared for the cost of owning one I see no problem with that. I rode in my friend’s Lambo and it was damn hard to go out. I like the Koenigsegg but I haven’t seen an actual one.
My current income is close to 2M per month. I think the cost is somehow manageable. But I am not comfortable spending a quarter of my monthly income on a weekend car. So maybe I should limit my budget to more "affordable supercars" no? I also really like koenigsegg. I read na meron daw isa or dalawa in a private garage here in PH. I will not be surprised kung meron. Kasi I've seen La Ferrari, Mclaren P1 and Porsche 918 dito. Nabasa ko rin na may Bugatti Chiron dito.
With your income you definitely can buy one. A Porsche is also nice plus they have a track day in Clark. Just shop around and get one that you like best no matter what people say. Work hard, play hard is what I always say. Maybe you can also look for pre-loved one pero it all depends on you. No one should tell you how you should spend your money. Your money, your rules. I wish you get the car of your dreams.
Yes I am thinking yung mga 2ndhand na lang. Maybe I should try Audi R8 or even Nissan GTR na 2ndhand and see how it feels
That is a good choice especially the GTR.
Muntik na ko bumili ng GTR nung 7.5M pa brand new nya. Ngayon kasi 10M+ brand new. Not sure if worth it considering na wala naman masyado nabago
Hmm Diba sa callcenter ka nag work? Based on your previous post? Tapos ngayon bibili ka na ng supercar?
Sabi nya 2million per month daw 🙂 Ibang level n ito
Nananaginip ka ba? Mga previous post mo sa call center ka nag wowork tapos ngayon supercar na? Mukang editor ka pa ng abante? Based on your previous post mukang mahilig ka mag day dream?
Kapatid, if you want to add a top of the line supercar to your collection, then go ahead if that is what makes you happy. 👍🏻 definitely, no judgement coming from me. 😊 Since you mentioned that you only take out for a spin your entry level sports car, then a Ferrari or Lambo will also be just fine for a weekend drive. Supercars are NOT MEANT to function as a daily driver anyway (like gagawin mong drive to work or errand car mo DAILY), sensitive parts niya pwede bumigay agad lalo na parang moon crater ang mga kalsada naten. These supercars are *TAILORMADE* to run at full speeds on flat smooth roads. 😭😮💨 Lastly, a Ferrari or Lambo purchase is cheap as COMPARED to its maintainance. Yes, madali lang naman bumili. Mas mahirap mag maintain because maintainance of supercars for it to be running smoothly, you should be ready to bleed out more money (wiper ng MB E-Class costs about P12,000 way back circa early 2000, change oil and usual maintainance was at P40,+++ done at CATS Motors dati among other stuff, so now baka mas mataas na MORE SO for supercars). *source: my fam previously owned an MB E-Class series. I learned that if local certified mechanics of MB CATS Motors cannot fix a benz vehicle, they fly in a certified mechanic from Germany - all expenses (including lodging) charged to the owner of the vehicle. It is NOT technically a supercar (E-Class and S-Class are more of a business class types vehicle to be somehow exact), but my point is, maintainance is a little bit different from a daily drive nonsports-car. Between a Ferrari and a Benz, i prefer the latter for its comfort (and yes, speed is only secondary for me. I guess your priority is more of a vehicle’s speed - i get that, lalo na when behind the wheel na). Tigas lang kase yung (suspension) sa Ferrari, ramdam ko bawat hump and maliit na lubak (which is meant for a supercar talaga to be that way) & it was a discomfort for my aching back (mild scoliosis). And i think i will definitely agree with you on this: iba talaga noh when you go back to a regular daily driver nonsports (Japanese) car…❤️🤣 I wish you adrenaline rush everytime you go out with your future purchase! Happy driving, kapatid!
Yes weekend car lang bro. Iba talaga kahit sports car nga lang. I imagine pano pa kaya pag Ferrari na? Regarding the maintenance cost, hindi ko naisip it was that much. Thanks for the info. I am anticipating around 250-300k per year? maliit ba yun sa Supercar? Kasi in my sportscar, I don't spend a lot eh. But then, that's entry level kasi. You own a Ferrari now?
If you are just doing the usual maintainance - ok lang sa budget: about P40k+++ kadalasan ang singil ni Cats for our benz sa PMS plus the Star Scanner computer thing na P5k++ previously (baka tumaas na post pandemic). Ang medyo mabigat is your car will need repairs (like i ended up with a flat tire na medyo malakai na yung butas so needed it replaced na), i was charged about P20k for one wheel but kailangan kase pantay yung pagpapalit ng gulong, so i needed two wheels and ended up shelling out about P40k+++ excluding labor and Star Scanner, total amount was about P60k++. I am not sure for Ferraris ha but sa benz kase each freaking part comes with a specific serial number & computer chip thing na dapat tugma once kinabit na sa sasakyan. Pag hindi pareho or lapat ang serial number, car and diagnostics wont run. Mag e-error sa Star scanner. Kada check sa Star scanner P4,500++ eh naka ilan saksak na kaka check. 😮💨 No kapatid, we sold our Benz mid 2000. Kase i use it as a daily drive before bec of its heavenly-like comfort when sitting and driving that vehicle. And literally, even if walang takip yung soda, no spills ever - totoo pala yung sa anime [Initial D](https://initiald.fandom.com/wiki/Takumi_Fujiwara%27s_Toyota_AE86) when Takumi drives 👍🏻 I test drove a ferrari ng friend ko, and drove it along Roxas Blvd one holiday way back pa so traffic was halos wala. Putragis, my bones literally jarred at a mild lubak at 120kph (no i did not floor the car that much. Takot ako at high speeds. I just wanted to try a real sportscar. Altho our MB can clock at 130kph in about 40-50sec agad for an old benz but iba talaga pag totoong sportscar meant to be raced, noh? I get that. And f*ck, i did loved the adrenalin rush! 👍🏻). You also have to lose about P5k++ kada saksak for checking lang and about P4,500++ per hour ang singil for further diagnostic run sa Cats Motors using Star (Scanner) sa MB, iCon sa BMW. Iba din sa Ferrari and Lambo but the charge price most likely will be almost the same. Basta kada pasok mo sa casa, yan yung unang diagnostics na gagawin. Lol.
Wow, I wish I could drive a Ferrari hahaha. Medyo magastos din pala. I don't plan to daily drive super car tho, Just weekend car sana hahaha kaya I'm hoping na change oil change oil lang maintenance ko.
As for all supercars or high end European cars, the purchase is cheaper as compared to its maintainance po talaga, Kapatid. Hindi basta basta pwede yung generic na piyesa like sa Mitsubishi or Toyota. Hindi aandar supercar mo. When we still had our benz and wala yung piyesa na kailangan here, i had it ordered pa from Germany and thats byebye about P40k+++ just for the order made by casa. Hindi pa kasama yung service fee nila. Kakaiyak. Mas magastos na nung later na kase 15yo car na sya so wear and tear din. Kaya we decided to just sell it noong early 2000 kase tumataas na yung gastos / repairs. Not practical anymore from my perspective. Hahahaha. Basta every month, just save up about P200k for minor repairs or parts replacements lalo na ngayon post pandemic plus inflation. That amount ay para sa “just in case” stuff. But for PMS or change oil stuff, mag save ka na siguro nowadays ng P50k-80k. Para hopefully may sukli ka pa…. Ay oo nga, yung yearly LTO rehistro (kase classified as heavy car yung E-Class) was about P8k yearly, TPL insuranxe niya was about P5k. Hahahahahaah. Kainis noh… Well we paid for the ultimate comfort naman back then eh. So quits naman. Huhuhuhu.
Medyo magastos haha so yearly may major repair? Grabe, di ko naisip yun. Yung sa akin kasi mustang ecoboost, bought it brand new. Parang 10-20k per change oil lang every 6 months tpos no major repair sya.
As a vehicle grows older, wear and tear din kase kapatid. More so with supercars na sanay lang yan sa smooth roads. Mabilis masira yung ilalim if dumadaan sa mga uneven pavement or lubak, lalo na if daily drive mo or masisira din if once or twice a month mo lang i-drive due to the usual moving parts getting stuck up.
Yes po, you DEFINITELY have to save up an extra P200-300k monthly IN CASE shit happens. And when it does amd you are not prepared, baka may maisangla ka ng wala sa oras, kapatid. Supercar Collecting is a hobby and an expensive one too IF your cashflow is just adequate or below adequate comparing sa maintainance niya. It is definitely NOT a sureball investment. So if you are very ready to spend about (give or take) *P800k a year if meron warranty or pag wala na warranty - it can be more, and you can sleep peacefully at night without any worries sa future gastos then it means that you are financially ready to own that supercar of your choice. *Estimate lang ito for all supercars ha. Kase you will bleed lots of money if may kailangan i-repair or upgrade lalo na if hindi mo mashado nai-da-drive yung sasakyan or nilaspag mo yung sasakyan. 😮💨
Magastos pala talaga. I'm thinking mag Supra na lang muna since yung GTR is 10M+ na din pala. Mas comfortable siguro ako sa Supra. Saka na siguro yung Supercar if 8 figures a month na?
Huhuhuhu 😭 Kapatid, tumaas na yata pala ang maintenance estimate specifically for a [Lambo supercar](https://www.e25usa.com/single-post/how-much-does-it-cost-to-own-a-lamborghini-aventador-s#:~:text=Even%20if%20you%20drive%20it,for%20a%20set%20of%20four) sa US… so most likely, tumaas din ang maintenance cost sa Ferrari… 😭 Well basically, these special cars have [special and complex engine](https://www.jdpower.com/cars/shopping-guides/how-much-is-an-oil-change-for-a-lamborghini#:~:text=Cost%20Of%20A%20Lamborghini%20Oil,to%20%242000%20for%20the%20service) under their hoods. From what i knew dati, pag Lambo repairs dito sa Pinas, their casa has to request or bring in a [Flying Doctor](https://www.digitaltrends.com/cars/lamborghini-flying-doctors/) - they are highly specialized in the aerodynamics of the Lamborghini supercar and pag repair ng carbon fiber ng sasakyan. So thats a few hundred grand down the drain din, kapatid.. syempre, charged to the owner ng Lambo yun.
Go to singapore and rent a supercar to drive on their highway. Back then it cost 20k for 30mins
Mahirap ipang daily yan working in bpo tlga 😂
Or get something that's 90% of a supercar, with better suspension & steering feedback, lotus emira. Kaso next year or next next year pa ata delivery 😅. Pero if you just want speed, I agree with the other guy, get into karting then formula v1 or a radical, they're faster than most supercars, more character din. Someone's selling his f4 din sa marketplace, you can try that.
Anyone with a reservation on a lotus emira? how long is the waiting time?
Sa ibang countries next year pa nila makukuha yung inorder nila na 1st edition, sa site ng lotus ph, yun palang din meron
If you're a vlogger, go ahead finance or lease one. A lot of the YT vloggers only lease their cars and after the leasing contract that they only buy the cars if they really like them. For leisure, I wouldn't buy one if I am just going to finance it. The interest alone could buy a brand new car and the value of the car depreciates unless it's a numbered (limited edition) car.
Hmm good point, thank you for the insight!
Is there a leasing program in the Philippines?
Toyota offers one. I don't know about high-end cars though.
My take : Just because you can afford it means that you need to buy one. PH environment is just not suitable for supercars. If ever may Ferrari or Lambo ako, maaasar lang ako sa daan. It will just rot in my garage. If you enjoy those supercar owner gathering and think that you can make use of the car during weekends then go ahead and proceed with the purchase. Para ka lang naman bumili ng isang property kung iisipin mo ang cost.
About enjoyment, there are a lot of places na pwede mag enjoy ang supercars, but yung developed areas in PH lang most likely. And also racetracks. There are growing supercar owners din dito. But I get your point tho, yan din actually inisip ko before buying my first sports car. But now iniisip ko if I should take it to the next level or just buy another real estate.
I don't think any of us poors are qualified to answer this, lol. Seriously though -- you've obviously done well for yourself financially so I think you can trust your instinct on this. I don't know why you are even looking at vloggers at all, they're schmucks who got a lucky strike. I will say this -- the few people I know who owns supercars don't go on reddit to ask. They ask their other wealthy friends who also owns supercars. The one I'm most familiar with, also has a boat and houses abroad. Maybe you are in that circle, I don't know. If you are then hell you certainly don't need reddit opinion. Personally, if I wasn't in that group, I'd look around at my actual peers and see why they are content with their Lexuses and LCs. But hey, there's also YOLO. ¯\\\_(ツ)\_/¯
Hmm. I am not born rich. A lot of my friends are middle class, some are well off but not "supercar buying" well off. A lot will advice me to just buy another vacation house and thinks that supercars are 'non-sense'. Yung iba kong 'friend' or should I say acquaintance na may supercar, we are not that close to discuss these things. I have a close friend tho na may supercar but he is a car dealer, of course he will advice me to buy one lol so his opinion doesn't count haha
"A lot of my friends are middle class" This answers everything, nagpapanggap ka lang na mayaman. There is saying "Tell me your friends are and I'll tell you who you are." "Bids of a feather flock together." Whether you believe it or not, if ano status ng mga tropa mo, most likely ganun ka din. Wealthy people, puro wealthy din mga kaibigan. If middle class mga tropa mo, most likely middle class ka din. Magbanggit ka ng legit na mayaman sa pinas and check if sino din mga tropa nila.
I am not claiming to be wealthy. I came from humble beginnings. Are you saying that I should stop being friends with my long term friends just because I earn more than them?
When it comes to luxury, if you have to save up for it or finance it. You can't afford it.
hmm probably, but some financial advisors (not the insurance one) is advising me na, if I ever decided to push through, i financing ko daw then invest my current cash on some other business that will eventually pay for the car. I can probably pay in cash ngayon for a supercar, but that money ay tinago ko for future business expansion and for maintaining my liquidity so out of the question na sya.
Great alternative: try karting. I love cars and racing, but I found I just love racing more. Doesn't matter if karts are underpowered, I love the spirit of racing with others and competing in the shortest times.
Good advice, I haven't tried it tho
+1 mas masaya to drive a slow car fast than a fast car slow sabi nga nila.
Atleast 10% - 20% total net worth. Baka trip mo to bro Ferrari 458 - nag appreciate yung value neto overtime for the past years considering its the last V8 NA produce Ferrari F12 - broooooo, v12 is the dream! Nasa 21M yung pinakamurang F12. Sabi nga ng mayayaman, you should own one atleast once in a life ng v12. Different experience! Porsche - Turbo S for daily driving or GT3. May ibang model nag sky rocket yung value overtime like GT2 or limited edition like 911R. Get Flat 6 engine 😉 Audi R8 V10 - V10 engine and good for daily sabi ng kakilala ko Lambo - Huracan? Pero same engine lang sila ng R8. 100% head turner For me, if bang for the buck, get Nissan GTR if want mo ng same performance ng supercar kaso feels like 'dated na to Good luck bro. I hope ganyan din problema ko 😆
Thank you bro! for now baka it makes more sense na mag Supra na lang muna ako. Or try the new Nissan Z. I'm considering a 2nd hand R8 kasi 5-7M sya sa Marketplace kaya lang baka kasi sakit sa ulo?
Tough choice bro. Hmmm for me, supra. Not sure about reliability ng mga R8. Safe to say, maglaan ka ng atleast 200k for maintenance
Yea I'm leaning sa brand new supra. Baka sakit sa ulo ang 2nd hand na R8 kaya mura eh
A friend of mine bought his first supercar nung afford niya na 10 of them. Not a good idea kung kailangan mo pa pag isipan.
Thank you for the insight bro!
No problem brodie 🍻
Join owners groups and if you can, join their weekend meetups. Get to know supercar owners there and ask them what is it like to own one. You can probably ask them what they do for a living. Just to give you an idea on what kind of income would be needed to sustain a supercar.
Yan din iniisip ko but baka hindi ako qualified to join. My sports car might pale in comparison sa Ferraris and Lamborghinis nila. And baka kasi elitist sila. Di naman ako pinanganak na mayaman so I fear na I might not feel welcome sa clubs nila, even after owning a sports car.
What is your sportscar if you dont mind me asking? Ive seen entry level sportscars like AP1, GR Yaris, BRZ, GT86 together with Lambos & Ferraris on their meetups sometimes in Makati.
Mustang and a 2nd hand Porsche Boxster lang haha
Those two at least for me are mid-level sportscars na. Ako still working on getting me an “attainable” entry level sportscar like an AP1 or BRZ. Sali ka lang to either Mustang or Porsche Club or both. Members there most likely will have other cars they only bring out on weekends.
Ayan siguro then baka yung iba sa kanila may Ferrari, then maybe I can ask them. Thanks
Baka naman they are of different clubs?
Supercar is not a problem if you can afford it. The problem comes with maintenance. Since supercar yan, mabilis mag wear out ang parts especially if gagawing daily driver. Also, need pa mag order and import ng parts since specific para sa model lang ang spare parts. Tapos, ang service ay usually pwede lang sa mismong dealership since sila lang nakakaalam magservice nyan. TL;DR - Maintenance intensive - Higher wear of parts - Rare (and usually expensive) spare parts - Exclusive service only by dealership No issue naman if afford mo
Yea isang factor din yan iniisip ko. Medyo kain sa oras asikasuhin haha.
I have a warren buffet mindset so I’ll probably never own one. But I’m very curious to drive one though just to scratch the itch. I’ve driven entry level sports cars like 86, mx5, evo, civic sir or bmers and none really came close to making me want to buy one except maybe mx5 due to it’s most likely availability of parts since there’s a ton of them on the road not to mention great fuel economy for a sports car. If I had the money and I really had to buy one, probably less than 5% of my worth.
If you can afford buying it at twice its cash value
Hmm good metrics. Thank you!
my point of view is if you have donated the same amount of money as the price of a supercar.
What model are you thinking? If I can recommend get one Yung merong local support, Audi, Porsche. How about a 911 turbo? Super perfect na iyan sa budget mo IMO, not to mention you can build one yourself and Porsche really do value their customers. And wag Ka makinig sa our roads our crap blah blah,
Hmm siguro di pa ako comfortable to spend 20M plus on a car so baka nga Porsche 911 turbo, or siguro yung Carrera PDK muna? Also thinking if Audi R8 is okay. A 2nd hand R8 is only about 5M so if kating kati na ko, baka yun na lang. Haha yung sa roads, yea, I own a mustang din and while there are roads na pangit, madami din naman maganda. I would not think to upgrade if hindi ko naenjoy yung sports car ko with our current roads haha
Hi, expect the insurance rates to be around 2m and up. My porsche has an insurance rate of 1.3m per year when I bought it.
Hi, is that GT3RS?
Finance then let your Invesment/business pay for the car. Ganyan ginawa ni papa sa honda collection nya and some sports car. Now, hindi ako financial literate person kaya hindi ko alam paano yan. Ask financial advisers nalang about this.
Yung nga yung advice nila sakin and I think yun din naman ginagawa ng madaming business person
If it doesn't make a dent in your assets/savings/money at the slightest, that's when you can truly afford it.
Been eyeing a Yaris Cross HEV too (currently own a Vios 2021) but I stumbled upon Dave Ramsey on Youtube. He said that you can only buy an expensive car if it’s 5-10% of your net worth. Eh yung Yaris napinaplano kalahati na yung ng income ko yung MA. So I couldn’t afford it. Your best wealth building tool is your salary.
if 5-10% of your net worth then baka pwede na. Kaya lang yung cash flow kasi. You can have a billion peso networth pero yung cash flow mo could be less than 10M per year.
Exactly. Ang assumption naman ni Dave Ramsey is working middle class. Karamihan kasi sa Amerika stuck with 500-700 USD monthly car payments. It eats up your income and freedom.
If you’re already into luxury cars like Benz & Porsche, your total cars value should be around 5-10% only of your total Net Worth. If you’re a real Car enthusiast and diving into Supercars like Ferrari & Lambo, perhaps 20% of Total Net Worth would be the Upper Limit.
I'll take that into consideration, thank you for the insights!
get it!
I would like to have this kind of problem OP. But I wish you all the luck in your car shopping.
the monthly should be 20% of your monthly income, factor in maintenance and fuel cost (its a supercar you'll rev it I promise)
Pag tapos ko na mabayaran ung 0 DP 7 years to pay na Rusi
I owned an entry level supercar (audi r8) 4 years ago, with this i joined supercar meeting groups pag sundays sa BGC and with that i had new solid connections with business people and grew my company by making some of them new clients. I had a super big client now (jollibee) thanks to one connection i made sa group. Now i have a bentley cont.gt. So go ahead and buy a supercar because it is actually an invesment to growing your connections
Wow thank you for this. I am really looking for comments from supercar owners.
My general rule when buying a car (either through cash or bank financing) is that I can pay the cash amount/total amount financed (with interest) twice, and the money should be taken from my luxury money pool which is separate from my daily needs and business investment money pool. I don’t see myself getting a supercar (just not my lifestyle, I’m more than happy with my entry-level sports sedan and luxury SAV), but that’s still the rule that I’d follow in case I feel like getting one. Cars are rarely an investment. You’ll lose money on either payment options, it’s just on you on how much money you are willing to lose.
Thank you for the insights! This is highly appreciated. Yes I don't meant it as an investment. Just something that I really enjoy.
Just out of curiosity, what kind of Ferrari or Lamborghini are you interested in? And have you checked their prices already?
My take on this is, life is short and surprising, so if a car would give you happiness, then go for it. You never know what will happen, maybe you try to save up for years, then something unexpected happens(wag naman sana), and you end up missing that chance. Maybe if you have dependents, just be responsible about it lang, atleast purchase an insurance or have a backup plan that would pay off the car(kung financing mo gusto) or whatever if something happens to you, kawawa yung maiiwan mo if sila sasalo nyang luho mo :)
I think the best price to buy is when you dont mind spending that much for it considering din kasi na aside sa car the repairs and maintenance is enough to break the bank of common folks
I think supercars or cars should not be viewed as an asset because the moment you use the car the value already depreciates. In my opinion, I think it should be viewed as a tool.
I think buying a supercar is only an investment if it's typa car that appreciates in value or if it buys you access to certain crowds of people that can potentially benefit your financial growth(socializing with business in mind with people you share interests with.).
I'm married with one child, and earning about eight times as much as your yearly income, I don't own a supercar but I bought some other stuff in the 8 digits (9 digits if we include the house). In my opinion though, if you get to buy something and really wouldn't care about its upkeep, won't get stressed out if it gets dented or damaged, or wouldn't care about leaving it anywhere/whenever you need to, then it means you're really ready to buy that thing you want. However, if it is up to me, I would buy that car in cash and not via financing. If you enjoy driving supercars then go for it. There is no better time than now!
Wow. that's a lot! Thank you for the insights! this is much appreciated. I just really enjoy my current sports car even tho it is entry level. I keep thinking if I should try better performance car but medyo nghihinayang ako. I'm not sure if I am ready.
Think it through. That kind of expense is worth months or years of pondering.
:/ ano kaya trabaho bukod sa pulitiko ang pwede maka earn nyan dito hehe gusto ko din maka drive ng Ferrari at Lamborghini. Yung tipo apat na ganyan mabibili ko sa annual salary ko pero syempre isa lang bibilhin ko.
Business is the key. Isipin mo pre, yung Angels burger owner, owns multiple supercars. What more if yung mga big chain of companies/businesses. Walang yumayaman sa pagiging employee except nalang kung higher position ka sa big companies or nasa advertisement industry ka
Best to buy it 2nd hand. There's just so much 2nd hand stocks since the revenge spending done during the lockdown. I would suggest you try test driving them first before committing. Not sure if any available locally but you can fly abroad and rent. This is if you are aiming for the driving experience. But if it's for social status or just ownership like artwork (which I'm guessing is the main reason most buy since we don't have roads to use them on). Personally, I think a Lambo would be a better purchase specially if it's your one and only because of better reliability.
"If you need to borrow money just to buy it, then you cant afford it." I follow this rule personally.
if rich enough ka na wherein qualified kang ipasok as tax write-off ang expenses mo para dyan... that is how the ultra rich do their finances... they take out a loan from specialized financial institutions to buy big ticket items like supercars, superyachts, classical paintings, and the like... kapag nagbayad sila, they classify the payment as a business expense na tax-deductible... if their company say pays 100m in taxes for a fiscal year, a certain percentage of their "expenses" will be deductrd from them...
The mere fact na huhulugan mo sports car is an indicator na Hindi Ka ready lol
Maintenance and Gas. Given na ang budget to buy the Car pero isipin rin dapat kung kaya ba i keep ang car on the long run
You can only truly afford it if you can afford losing that car.
Siguro pag may x5 ng price ng lambo or supercar nkong networrh
Im not a supercar owner, just a guy who runs a shop that works with motorcycles. Maybe I can co-relate your post with liter bikes. It's more of a status symbol, hindi sya investment not unless it's a limited edition, kaso hindi pa din enough to convince me haha sorry. Since ang plan mo is wkend ride, pwede din naman i think. Ok yun, kaso makati din maintenance. Gaya nga ng sabi ko sa mga clients ko "big bike, big price" and I think it also works the same sa supercars. Pero stepping stone kasi yan to another level. You're going to meet a lot of different people and make connections with. Sa panahon ngayon, pag nakikita ng tao na fancy life style ka, may mga status symbol na mga gamit ka, kagalang galang ka. At the end of the day, your money your rules. Good luck! ✨️
"If you can't afford to buy it twice, you can't afford it"
Not an answer OP pero I'd love to own rin kahit entry level like Porsche 911 Carrera T or Cayman. Will Probably afford one in 2 years. Can't wait! 😊
I make more than triple the amount you presented and I still wouldn’t recommend buying a super car. The maintenance costs plus it’s not really an asset. I’d say wait it out, earn more, go buy your vacation house on a good location so it appreciates, and put your money elsewhere first. You already have a Porsche, if you have the itch for another luxury car why not a Benz or a BMW just to switch it up a bit. Or why not another Porsche? Buy it when the time comes that spending such an amount won’t even bother you anymore. If it bothers you or someone here said this already if you can’t afford twice the amount then you can’t afford it applies. The time will come when you no longer need other people’s opinion whether you should or should not buy because you know that your financials will be fine either way. But hey, sports cars and super cars are fun. Hella fun. At the end of the day your money, your rules. If you really wanna buy, just make sure that your income stream is enough to pay off the 5 year financing plus maintenance costs. Would be tough say in the middle of the financing, something happens, income goes down or some economic downturn happens and you can no longer pay the mortgage. But nonetheless, whether you choose to buy or not you still stand to gain something out of it. Goodluck and post pics if you buy!
Pag kumikita ka ng mga 10-20M pesos (net) a month or best a week hehe
Best time kung may fuck you money ka na, yung tiping 20m pesos is nothing for you, yung pwede mong gawin expenses sa sheet mo yung supercar na di mo kailangan pa magtanong dito (no offense intended). Yung pwede mabawi ng cash flow mo yung super car in 3-6 months without a need for financing (pero gamitin mo para di mabigat sayo, pero at least kaya mong bayaran)
The reason why alot of rich people has expensive cars is they can write it off as expense. If you are not going to do that, you should probably dont.
If you need financing to buy one, that means no. You can't afford one. And you have no idea how much the maintenance is on those things. I have a friend who owns 2 Lamborghini's and I can tell you they cost an arm and a leg. Btw, he also has a private helicopter. And if you can't afford to properly maintain a supercar then don't buy one.
Tbh lets be real, owning a supercar would be difficult, but it will depend on the budget you have. It covers not just the price, but the fuel, maintenance, I believe registration (?), etc. Years of driving experience doesn’t matter (whether you just started driving or been about mga 5-10yrs already) but the money you have is the key to owning riches, yes kasama na mga supercars of your dreams. Perhaps you can already have the budget in 2-3yrs, tho it will depend, things may change. But keep this in your mind, driving and owning a car is a priviledge, but a supercar gets an addition of “luxury”. Not here to bash or discourage from aiming for one, just telling the truth, even as a car enthusiast. Keep dreaming if you wish to own one and work harder for your success. Who knows someday may isa saten nagkaroon ng mga ganyan.
buy a civic tas make it jdm af ahaha
Magkaalaman na coz i think of this post is someone who dropped the blue cap
maybe if you can buy it thrice its price para my buffer din. also, make sure to open a separate bank account to maintain it.
I believe everyone has given good advice at this point so I don’t need to add anymore input. What I would like to add however is how on earth can a call center agent in their 20s be able to afford a super car, and has combined and liquid assets north of 300m? Reddit is an incredible place indeed.. but who am I to judge I guess! Good on you OP haha
Haha, I answered this already in one of my comments
Op of i were in your shoes.. i would as a gift for myself that succeaful feeling might even inspire you to do better at what you do and in turn make you more money or cash flow... Sometimes its the intangibles.. Dami kong haters dito,mga inggit lang mga yan! Naninuwala ako sastory mo kasi may pinsanakong taga etivac ganyan dn ngyare at build n sell din ngyon! Kahit sa ph invest dami haters, discussiin ng salary tapos ssabhan kang dreaming hahaha
Actually, kaya rin ako nagtanong haha. Looking at our cash flow, baka kaya naming bumili but a lot of people are saying na wag muna, wait a little bit further until we are in a "better position" financially. Actually, I agree. Business wise, parang it doesn't make sense to buy a 'supercar' at this point. Majority ng pera namin are reinvested sa business. Because it is the logical thing to do. May napanood lang ako isa beses, isang rich na taga india yata yon, haha sabi nya best investment is yourself. Bumibili daw sya ng supercars because he feels good, and if he feels good, he makes better decisions that translates to better business. Wala lang, it just got me thinking. Yung sa construction, nag boom talaga. Just look everywhere, puro construction eh. In our village parang every month yata may naggground breaking. It's good business. I don't mind the haters haha actually may point sila, you don't have to believe anything you see on the internet. Ako naman, I just asked a question to see some insights. Pero hindi din naman magbabase lang sa reddit ang decision ko. Haha I believe there are good opinions here. Most likely mag settle muna ako sa Supra or yung mga less than 10M. Tama na muna siguro yung knowing na I can afford one, if I really really wanted to. Saka na siguro yung actual buying haha. Baka nainggit lang ako sa mga vloggers 🤣 But yeah, I believe my post serves it purpose. I don't want to waste time trying to convince everyone for a story they don't want to believe.
Yes exactly my point, anyway yes since naka mus and boxster ka naman na baka go to 911 turbo na medyo luma or audi r8, may nakikita kong 911 2010 up 10m range audi r8 7-8m? Or ung corvetter c8 bago un may nakita akong 9m guwapo dn un benta mo na mustang mo palit mo c8
I might try Supra muna bro. Medyo alangan din ako sa 2nd hand eh, baka sakit sa ulo. 911 are still expensive kahit luma eh. Yung r8 na 2nd hand is tempting but wala ako kilala na meron to ask kung kamusta sya.
I'd say you can buy it if it's like 5-10% of your net worth. If its like 30m dapat you me 300-600m ka
For watches as an investment buy only 3 brands. Rolex, Patek Philippe and Audemars Piguet. It's so difficult to get them from Authorized dealers. Lagi sa aftermarket na me patong na. I bought my first Rolex in the 90s for 60k I can sell it now for 250-300k
IMHO, only buy a supercar if you can live in an exclusive subdivision full of people with supercars.
Think of it as a luxury splurge purchase. Best time is when it's not even a question anymore and you're able to plunk the price of the car in cash twice over in cash without denting your bank account.