Can I Buy a $225K McLaren?

[@brianl.8610]

People who can afford this car would not call this show.

[@D4N63ROU5]

He can very clearly afford it, this show and their guidelines were not meant for people like him.

[@ngkeong3387]

I bought my 488gtb, 992 carrera s , 718 gts , 991.2 gts without calling anyone 😅😅 All paid in cash , no loan

[@toohda]

@@ngkeong3387lies

[@OtisFlint]

@@D4N63ROU5 He's can't afford it responsibly. You don't buy a $225k car when you're barely worth $1M and only making $200k. You can, however, you shouldn't.

[@thegenxgamerr]

@@OtisFlint he absolutely can. He has 350 K cash in the bank and the ability to replace it with his income. Replacement opportunity is one of the metrics The Ramsey network does not use In their advice for debt spending. Which this isnt even debt spending he’s got the cash. Noticed they didn’t ask of the 200,000 that you’re making a year, What’s your outflow? He could replace this in 2 to 3 years and retain the asset considering the only debt he mentioned was a 15 K car loan.

[@Mamson608]

Tyler: *I'm looking to buy a Mclaren* John: *Hell yeah!!* Tyler: *I make 200k per year* John: *Hell no!!!*

[@youbetterslayshay]

😅😅 I know right. I thought he was making millions a year. His yearly salary is less than car. The repairs and maintenance is going to be crazy

[@SlavaBagmut]

@@youbetterslayshayand he's thinking he could sell it for more or the same, he's straight up gambling with 16% of his net worth

[@sn4rl277]

Best summary of a call yet.

[@Infamous_wu13]

What if you make roughly 250 a month

[@lax_mike11]

@@youbetterslayshayhow would the repairs and maintenance be the same? Drive it every once in a while and don’t wreck it. Simple.

[@BrianW211]

No, bro. Neither your income nor your net worth support ownership of a $223K vehicle.

[@VinodhBallout6711]

Facts

[@LaneDenson]

I know people with 10-20x this dude's net worth and much higher salaries. They're "car guys" and drive nice cars. But McClaren $225K nice? No - they have more sense than that.

[@letstalkaboutgermany8288]

I am shocked how those two moderators started out saying yes, you can afford it… WTH?

[@Davide1709]

AFAIK this guy is single, no kids, no wife - should he bring his money with him in the grave?

[@coderider3022]

Ridiculous idea to buy this.

[@jasonrodgers9063]

Caller- "Should I pay cash for it, or do a lease financing?" Has caller ever HEARD the show??

[@dobia4486]

Yeah he called the wrong show, math-wise he should finance

[@reniedavisson8532]

🤣

[@RabianskiT]

@@dobia4486 Math-wise he shouldn’t get the car. If he’s worth $3M then ok…

[@sooner1125]

If he gets tax benefit to lease that might make sense if he can lease it through the business.

[@davinasquirrel7672]

I suspect more of a brag call

[@kenreliableb18b]

Brother acts like he got $10M net worth. Stop it…😂

[@SalisburySnake]

There's no way I'd pay 16% of my net worth for a car. That's like if John was buying that '98 4runner with a net worth of $18,000.

[@zerafians8145]

​@@SalisburySnake Im a firm believer in if you are an extreme car enthusiast, dont buy a car that is more than 7-8% of your overall liquid wealth. So yeah, maybe have $3.5-4mil, not counting any other assets.

[@johnathanvale8634]

Meh he can afford it. Especially if he finances it.

[@702prodigy]

😂😂😂😂

[@j_mars_cars]

@@SalisburySnakehow cheap is the 4runner?? Cuz it’s probably $8-12k

[@BraddPaisley]

If he can afford the car and has cash for it that’s smart with his money.

[@BarbaraPearson55]

$1.4million net worth isn’t impressive at all.

[@LSBContractingLLC]

People downplay planner’s role, until they are burnt by their mistakes.

[@cherylhills3227]

They can help you stay on track and avoid making an impulsive decisions that can harm your financial future.

[@sebastiaanthijn7982]

How did you find a good finance advisor? How do you know if they are trustworthy and competent.

[@cherylhills3227]

It’s *Joseph Nick Cahill*

[@kylesnyder9452]

There’s a lot of really sick sports cars in the $110k range.

[@calinator51]

C8/C8 Z06. I'd love a Z06. Amazing sound and performance.

[@Retired_Life_1]

Exactly. My net worth is around $4m but I personally would never pay more then $150k for a car. Purchased a 2023 corvette stingray convertible for $92k. I considered the Z06 but I really don't need the extra horses at this point in my life (I'm 57). I originally priced a Porsche 911 turbo S for $217k but could not justify the extra $125k especially since I do not track my cars. Plus I wanted a hardtop. I personally think the C8 is the best performance value on the market today for an ICE propelled car. I invested the difference and did not compromise my net worth.

[@kylesnyder9452]

@@Retired_Life_1 I’ve also seen Dodge Vipers below $60k for a really nice late model year with around 10k miles. Plus we can’t forget the Nissan GT-R! Pick up one of those bad boys for about $70k and put $20k in mods into it and you’ll be over 800whp with AWD.

[@trueseeker262]

Bad built quality coming from UK. Go get a JDM!

[@ginopadula8171]

Of yet to find a more fun car than a Mazda MX-5

[@chazzkramer7676]

There's a major difference between a brand new vehicle and a quarter-million midlife crisis.

[@compendiousperspicacity]

"mid life crisis" is a psy op term to shame men who finally become successful at their peak sexual market value and want to spend the money on themselves

[@penguin12902]

The one difference on a McLaren vs. a regular car is - assuming he takes excellent care of it and it's not a daily driver, it won't depreciate...the value might actually increase over time. If he's going to try to put 100k miles on it then forget it, it's a regular car at that point.

[@gahaha8565]

Different people, different priorities. Mid-life crisis for those who don't care about cars, and an irreplaceable experience for those who are auto-enthusiasts. It truly is a wretched existence to be an auto-enthusiast, finally pulling trigger on your dream car, only to find you are 50-60 yrs old and unable to drive any faster than 10mph under speed limit. At that point you've let life pass you by, this concept applies to every hobby too, love traveling? Hold off on that dream trip until you are 65 and can't wipe your own behind versus taking that trip when you are 30...

[@erikmarchese4290]

@@gahaha8565Dude, what kind of 50-60 YO have you been hanging out with?

[@rcairforceone]

He owns a tech company and wants to look the part. I have a feeling that's his biggest motivating factor.

[@MrWolf2212]

Those cars are super expensive to maintain. There's a reason why there is so many used ones available for sale. They have more red flags than a Chinese communist parade.

[@isaiahmartinez2061]

That's what I'm saying this dudes going to lose his ass on this car just from maintenance costs

[@Eighties_garage717]

No if you do it yourself they aren’t anymore than most other modern cars. 150$ oil changes etc take it to a dealer and it becomes a 2500$ oil change. Brakes and things are all labor. Learn how to turn wrenches and you save sooooo much !

[@gahaha8565]

Consider that you can purchase annual service warranty that covers everything for about 5-6k. No they aren't that expensive to maintain. Its not 2000 anymore, most super cars nowadays are quite cheap to maintain versus 2 decades ago.

[@fichterfactor]

@@Eighties_garage717 Brakes are easy. Engine and transmissions are expensive. Can't just go to Rockauto for a McLaren or a Lambo. This is clearly lifestyle creep on steroids. I'd take the ROI and drive a Chevy any day of the week and twice on Sunday. My net worth is higher than his before rocks be thrown.

[@goforbroke2]

@@Eighties_garage717This dude doesn’t sound like the type to wrench on his own cars.

[@dannymartial7997]

He definitely can’t afford it 😂 I was shocked when he said he only makes $200k and he wants a $225k car

[@zunedog31]

Dave would have torched this guy. Why he turned most of his show over to people like this is beyond me.

[@zachjones2346]

He 100% can afford the car. LMAO. You realize that if he was worth $1.2 million and didn't have the car, he would be the same position he is now, right? And, he is still worth way more than the rest of the population. LOL. There are people making $50k per year driving $60k vehicles that have a negative net worth. Your opinion is wrong.

[@mastersilence3446]

@@zachjones2346can he afford it. Yes… should he buy it… probably not right now.

[@stevekru6518]

@@zachjones2346 You couldn’t be more correct. McLaren will depreciate at most 50% over 5 years. He can do whatever he wants at $20,000 per year.

[@zachjones2346]

@@mastersilence3446 At what point do you say "I have enough cash in the bank." Some people think $50k is an ungodly amount. This guy would have more than that left over and still has no other payments in his life. If the maintenance is too much, which is easy to afford on his salary, he could sell it in a couple years.

[@markmurrell1894]

I think Dr John should buy the 4Runner. Great year! 😂

[@j_mars_cars]

Hopefully manual with the e-locker

[@HelloWorld-hb7yt]

Isn't he a PhD from Harvard? Dave needs to pay him more.

[@rvog6584]

​@@HelloWorld-hb7yt think he has multiple doctorates but not sur of the institutions. Regardless, he truly lives the ramsey lifestyle. He has his truck ... & if he feels the needs 4 an additional vehicle, wel, used Toyota is jus fine by him. 😊

[@HelloWorld-hb7yt]

@@rvog6584 you would think he is a multi-millionaire by now. he has multiple books published already.

[@Bigoleboi]

If you want a supercar get a Porsche. Better resale value and won't break down in 2 years costing 25k a part

[@XennialGuy]

But then at the end of the day you still have a Porsche.

[@user-bm6wu9zw9m]

I love Porsche

[@mike-yo8qj]

I completely agree. I've run the numbers on Ferrari, but I don't like Ferrari culture and the way they handle new customers. McLaren makes sharper looking cars, IMHO, compared to Porsche. But, McLaren's aren't known for reliability and fall in value like bricks. Hence, Porsche makes the most economic sense in that world even though they're not uncommon... but at least they're reliable and always have a good secondhand market.

[@iJSabelle007]

​@@XennialGuyyeah and you don't owe so much😅

[@MrSchn3ll]

@@XennialGuy Says the guy driving a Geo Metro.

[@skateata1]

I love Jade and Dr Delony together. They make a good duo.

[@Undefined14]

2:20 is the dumbest thing I've ever heard. It won't stop depreciating just because it doesn't have a loan on it anymore. The interest rate is -1.6%. It's dumb to pay it off. Move on.

[@cassnate6259]

That argument made no sense to me, either. It's going to depreciate if it's paid off anyway. That said, the difference is so minute I'd just pay it off. If it were making 4+% that might be another story.

[@kamarwashington]

There’s a reason why he’s the psychology guy and not the finance guy

[@clarke4222]

By keeping the 15k loan he’s pocketing $225/year. $18.75/month….. nice piece of business….

[@nailatiyllufm7325]

My favorite is when George tells people “if you liquidate your investments to pay off debt you can put more into investments every month”.

[@Undefined14]

@@clarke4222 It's really the principle more than anything. Someone's gonna be making that $20/mo. I'd rather it be me than the bank. Good personal finance management compounds the small effects over time of good principles. Nobody's life is really affected by buying a $6 coffee, but a $6 coffee every day costs enough to buy a house. You don't get to be wealthy by giving away free money to the bank.

[@Mortgage_Mastery]

Go get an R8 or a porsche for 130k & call it a day my friend.

[@number36420]

Much better and more reliable route. Good call

[@Oncipian]

Some of us have a passion for expensive cars man idk

[@Mortgage_Mastery]

@@Oncipian You got a passion for being broke as well? Because that's the trade. Very few can truly afford a 200k+ car. You can get a great driving experience in a 50k scat pack

[@ItzCaptGaming]

@@Mortgage_Mastery but you won't be near broke, if it's truly your passion and what you work for I'd say buy it. What's the point in making all that money if you don't buy your dream car as a passionate car guy.

[@metubeglvz]

still to expensive just buy a 40k toyota

[@xavier_lucas]

Before I stopped dca-ing into my retirement account, it was 220k and has now depleted to 175k in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.

[@AnkurYo]

If you want to rebuild your retirement by yourself, without the help of a partner, I will tell you it is near impossible. Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.

[@xavier_lucas]

How can one get in touch with them? I’m looking for a fiduciary what’s the kinda fee for consulting?

[@simone_maya]

The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Jennifer Mackimm Wesley‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@BenRovello]

I have seen advisors and commentary on them but not one that looks this classy. She experienced as detailed in the report. I set up a call. How soon should one expect feedback?

[@xavier_lucas]

Looks good. I hope my email doesn’t end up ignored, lady is very young for that experience and looks quite brilliant. Thanks for sharing.

[@user-vi5vd3ty9d]

lol at John reaction to his salary and bonus after hearing he wants to buy the car. Pure gold.

[@ConiRis964]

In the 50's my Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep this household going. It's the destruction of the American dream right before our eyes.

[@RhoadesStephen]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@NorwoodGuernsey]

I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@MalcolmStewart-r8r]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation

[@DrewMercantile]

I was a late bloomer, but Tracy Britt Cool Consulting, my financial advisor helped me bring it all together and got me into crypto. Now retired for 6 years at 72, my managed portfolio with Tracy generates about 9k a month on average more than my RMD on my retirement accounts. Not real big, but together with SS we're able to live reasonably with 160k a year. While being mortgage free.

[@DrewMercantile]

She is really a good investment advisor. Was privileged to attend some of her seminars.that's how I started my own crypto investment

[@drn13355]

The call could be "should I take 100K and throw it in the trash?"

[@siva47931]

That's pretty much what your parents did when raising you

[@Boostguru]

@@siva47931 oh shit 🤣

[@Dontrolling]

@@siva47931we found the McLaren guy

[@zachjones2346]

If he buys the car and replaces the engine 2 times, he will still be a millionaire. I say he can throw it away.

[@mike-yo8qj]

Except he's not taking $100k in cash and throwing it away. He's done well in life and wants to enjoy his hard work. Meanwhile, a bunch of broke Ramsey YTers are yelling at their screens b/c homeboy isn't spending HIS money the way they would.

[@frankrobinson5453]

He has a net worth of $1.4M, but only $330K liquid. He can't afford this car on $200K salary per year.

[@markroberts8975]

I don’t understand why they acted like this was a tough call. This is one of the easiest NO’s I’ve ever heard on the show.

[@MrClassicmetal]

And yet there's a bunch of people in the comments section who claim that he can "easily afford it"...

[@NohSpinZone]

The total cost of ownership would sink him.

[@MrClassicmetal]

@@NohSpinZone Exactly, that's what some here don't think about. There's even someone who claims that he could save money by doing some maintenance himself. Right, as if this is what most people normally do.

[@phased3941]

Dude he has 300k cash. If he bought the car he would still have more liquid cash than the average fkn persons annual income... He's literally a millionaire, and will still be a millionaire after buying the car. Sure I wouldn't buy it, but I'm not a materialistic or car person. But that purchase will literally not affect his life in any capacity ​@MrClassicmetal

[@riceball777]

1.2 million net worth is way way too low to buy, maintain, use, enjoy, and insure a used $250,000 mclaren. i say minimum of 4 million net worth. This guy is no where near rich enough to comfortably afford this car. When buying and enjoying such an expensive car you got to get rid of that annual salary rule. Net worth is what matters and what you have to look at. I'm a huge car guy by the way but this purchase is very bad idea.

[@zachjones2346]

I don't think anyone cares about your opinion when you aren't even worth 1/4 of that.

[@masoquistaeo]

Jade did say that she salary rule doesn’t apply if you have a big enough net worth.

[@Davide1709]

4M? what exactly would you do with the other 3.75M left? be the richer of the graveyard when you're dead?

[@LeftBehind666]

Right, this comment sections wanna live like jews until they died. He can totally afford the car.​@@Davide1709

[@2011hwalker]

@@Davide1709 Err its called having money when you are 60+

[@truthsayer9534]

I make more per year and have twice the net worth of this guy and there’s no way I would buy a $225k car. Not smart. I didn’t hear him say anything about him having anything in retirement. Insurance, maintenance and repairs on a $225k car is EXPENSIVE.

[@DiscoFang]

He said he's been maxing his 401k. I wouldn't either but he can afford it. I don't know your expenses or obligations but so could you. Indeed might be "smarter" not to, but... life.

[@erikgabrieljimenez4622]

My parents are worth more than 4 million dollars. They make around 350k a year and are pretty much retired. The newest car they have is a 2018 Toyota Camry.

[@cz4928]

adopt me please

[@truthsayer9534]

@@cz4928 lol. It’s not rocket science. You can do it, too. Just $200/month in a whole market index fund from age 20-60 gets you $1.2 million. Maybe you can afford more per month as you get a little older and double that result. If it’s in a Roth IRA it is TAX FREE.

[@jmdyt3626]

You can always make decisions on what’s the smartest choice, you only live once and if he had a bit more money and can afford it I say go for it

[@TheJonOrtiz]

This guy doesn’t have enough money to justify a purchase of an asset like that. He has 1.4 million in net worth and is going to spend upwards of 250,000 on a vehicle.

[@QuadTap]

agreed

[@cooltkll]

dave would be against it...his net worth should be 2.3-2.5m

[@in4theride75]

of a "liability" like that.

[@classic595]

It’s not even an asset lol

[@markeayers]

Exactly I was thinking he needs at least 3.4-4

[@ronvancleave3085]

Rent a McLaren for a week, or do it "Rent a exotic vehicle for a week" twice a year.... and get it out of your system. No Way ...... Classic, best day when a person buys a Boat is the day they Sell it!

[@dw4525]

Nice rental

[@investingVS]

He's about 2M short of this being an easy choice....

[@VinodhBallout6711]

It should still be no lmao

[@fatlindjashari7342]

@@VinodhBallout6711not everyone wants to drive boring Toyota’s

[@vbelbel490]

@@fatlindjashari7342 It's Toyotas (plural), not Toyota's (possessive).

[@Hibiscus123]

He’s not only 2M short he’s a few fruit loops short of a bowlful

[@VinodhBallout6711]

@@fatlindjashari7342 Not everyone wants to waste $70k on a depreciating asset either

[@fattrolls8094]

Perfect example of how people present themselves doing better than they actually are.

[@phased3941]

He's literally a millionaire...

[@DiscoFang]

@@phased3941 What does that actually mean today? It's only 4 cars by some metrics.

[@MrWarrenRB]

@@phased3941 a millionaire can't afford that. A multi-millionaire can. McLarens have a horrible record for maintenance and depreciation

[@jwardTLS]

@@phased3941 his net worth is 1.4 - claiming "i'm a millionaire" with that is like the poors who like to try and brag themselves up saying "yeah I make six figures" when in reality they make barely over 100k, which means they are at the extreme bottom end of 6 figures but it sounds better than saying "i make 115k please validate me". This person cannot afford a Mclaren.

[@strawdemindset]

He CAN buy the car, should he? Maybe get a 100k+ used gallardo first … build up some more income then get the McLaren car

[@TheOriginalLugnuts]

It’s a McLaren except for the F1 and the P1 NONE of them appreciate and will never appreciate they are the worst supercars when it comes to value retention. The guy is trying to convince himself it’s not a bad financial decision.

[@alberttang6955]

He talked about the rarity of the McLaren model he wants because of its limited production, so he's got a bad case of the FOMO. It's a terrible financial decision, but probably no one can talk him out of it. He's been imaging how cool he will look in the car.

[@slickest123452]

that’s not true the 600LT is definitely one of the more desirable models that won’t depreciate as much as a standard one at minimum, and may appreciate in the future. Average sales have stabilized around $200k 5 years after being released on a $240k msrp. that’s 17%, which is a far cry from the 40-60% normal cars lose in that time.

[@Eighties_garage717]

Dude - F1s are 25-30 million dollars now and P1s are 2.5-4 million. You need to be in the tres commas club for those cars lol

[@mike-yo8qj]

The irony is that apparently McLaren is one of the better driver cars in the supercar world, but they depreciate like a brick in the ocean. I think a Porsche might be a better buy in this world in terms of what you get for the price and how much you're in for. Yes, you will lose money, but Porsches tend to be more reliable and there will always be a secondhand market for Porsche.

[@TheOriginalLugnuts]

@@mike-yo8qj Porsches are more reliable. I have a friend that has one of the top independent McLaren repair shops in the country, he’s kept very busy.

[@ryanl3812]

I'm just about in the same financial shape as this guy and couldn't imagine buying a 225k car. That's insanity

[@Art-is-craft]

It is probably a dream car for him. Probably has been driving his fantasy for a good decade. At this point he could buy a Corvette for $70000.

[@beaniemac]

Mcclaren purposely makes every model of their car in limited quantities to create artificial scarcity. It's highly unlikely this car will appreciate

[@fabsmaster5309]

I think you meant to say "depreciate", but if you did mean it's unlikely that it will "appreciate", you are spot on. McLarens depreciate much more quickly than Ferraris or Lamborghinis, outside of the P1. I say that as a Day 1 McLaren fan by the way.

[@truckercowboyed2638]

If it's rare it's gonna appreciate obviously you don't know anything about super cars

[@beaniemac]

@@fabsmaster5309 I said the car will likely NOT appreciate. So yes, it will depreciate

[@chris_0018]

@@truckercowboyed2638what is your definition of rare? Every Mc Laren is rare, cause they only build a few hundred every year. But that doesn‘t mean it is so special that it will appreciate. And if you want a chance that it really appreciates, you should never drive it and even if your only hit your rim, the car depreciates 10K instantly.

[@19hundoc47]

We have a 2 million net worth and make almost 500k a year and wouldn’t even dream of spending 200k on a car. That’s nuts dude. And I’m a car guy as much as anyone.

[@mattstephenson4345]

I’m in your similar range and thought the same. I hesitated to purchase an $80k SUV recently.

[@froggore52]

I can't imagine turning a quarter million cash into a stupid car. The opportunity cost of that would make me lose sleep for the rest of my life.

[@99adpadp]

He is probably not buying a car, but a dream

[@BigJohnM]

Spot on.... 225k in a good account makes you GREAT money.

[@blakeharrison3972]

Buy it used, McLaren’s have reliability issues so even if you can take the depreciation hit, still get it used

[@XennialGuy]

It is used. 600LT Spider was only made in 2020. I had one for two years, drove it for free because I sold it for more than I paid.

[@isaiahmartinez2061]

That's what I'm saying this dudes going to lose his ass on this car just from maintenance costs

[@MauriceSingletary-e8d]

Jade and John need their own show! 🤣🤣🤣

[@strangeroamer3219]

John has his own show already.

[@Vs-hl7zq]

If u got to call and ask then it’s a NO

[@BigPhil2024]

Isn’t it Lamborghini or someone who said the reason they don’t make ads is because the people who buy them don’t watch tv? I feel like that listening to this caller. People who can afford cars like this likely wouldn’t be calling in for financial advice.

[@bmmk12]

I appreciate Jade willing to overlook the 50% of annual salary rule IF the net worth is over a certain figure. It makes sense to see these as rules of thumb, and not dogma. Every situation is unique.

[@droid2D2C3P0]

That's a standard rule for Dave it's not special to Jade, Dave says that about every car purchase..

[@bmmk12]

@@droid2D2C3P0 I don't think I said it was unique to Jade...I'm just saying it's nice to see rules treated as she treated them.

[@droid2D2C3P0]

@@bmmk12 you literally said it was nice that she overlooked the 50% rule.. But net worth of over a million already trumps that by standard. Which makes your comment incorrect lmao. You know you can just accept being wrong and thank the person who corrected you? Doesn't diminish your character to be wrong. Hope this helps!

[@bmmk12]

@@droid2D2C3P0 LMAO It is not a Dave rule to ignore the 50% of income rule if you're a millionaire. He simply lets you buy a new car. Jade was, in this video, saying she would be ok to overlook the 50% rule of thumb if the net worth was more. Hence, they didn't recommend he get the car...he's a millionaire, but not enough so where the 50% rule didn't matter anymore. LOL I love the back and forth!

[@voidfroze]

YES! It’s nice to see the hosts admitting that there are in fact exceptions/edge cases to their rules

[@sirahgale]

I have a million dollar net worth and there’s no way I’d buy a car even half that amount. We “splurged” on a $36k car (paid cash) and that felt excessive! 😂

[@davinasquirrel7672]

I bought a $23k car last year (5yo), but at least it was less than 50% annual salary. Scary though, I have never paid so much for a car in my life. Last one was $5k, got a good 8 years out of it, but in that last year, cost too much to keep going. Both were economical to run (until the old one started costing in repairs). With the 'new' one, even more fuel efficient, which offsets the more regular servicing. Hopefully it will serve me for the next 15 years.

[@ian234234234]

Its different for a car guy

[@shafiaahmad4061]

and? everyone has a different mindset and things they like. His car is faster than your toyota RAV4.

[@susanpage8315]

My dream car costs $45k, and I think that’s expensive!

[@jasondueck9130]

So I have owned several expensive / fast cars in my life, including an Aston Martin and a new C8 Corvette. My advice is that unless you can pay for it in cash, and it is no more than 10% of your net worth, you should not do it. It is a nice to have, but your future security is even more nice to have. Don't underestimate the ongoing maintenance, insurance, and registration costs either.

[@randomrendered1856]

No sell the McLaren before buying it

[@jtg2525]

Short the McLaren I like it

[@RabianskiT]

@@jtg2525 Short the f***ker with 20X leverage!

[@mannyrichards2074]

@@jtg2525😂😂😂

[@EnergizedAgent]

This guy shouldn’t be calling about a McLaren. He should be calling about a 2013 Camry. Net worth 1.4 million… not 14 million

[@DAcheekO]

Even by Dave’s rules he can afford something a lot better then a 2013 Camry

[@stealth210]

There's some middle ground here between what he wants and a 2013 Camry. If he has 350 in liquid of total 1.4M NW, I would feel comfortable with a 50-70K cash purchase, but no more than that. That's just my opinion.

[@farzana6676]

​@@DAcheekO What are Dave's rules. Please summarize them here.

[@DAcheekO]

@@farzana6676 he has 3 main rules 1.used cars only if your net worth is less than a million (his is over so we don’t care) 2. Cash only (he said he had cash) 3.All family cars > 50% of household income The caller made no mention of a wife or kids so I’m going to assume he’s single. That means he can afford up to a 50k car (100k if you include his bonus). So he can not afford this car, but he can get most decent cars on the market or get a used super nice car

[@farzana6676]

@@DAcheekO Thanks for the response. All family cars below 50% of household income is really tough.

[@pastorquangful]

He should buy a $60-75k 1991 Acura NSX if he wants a future collector's car. He can always upgrade to the McLaren in the future.

[@user-bm6wu9zw9m]

Nah, Porsche is way better

[@pastorquangful]

@user-bm6wu9zw9m I thought about a 993 but it's too expensive.

[@georgiadriven]

@@user-bm6wu9zw9mPorsche isn’t the only brand that exist ..

[@mxerb5912]

😂 ok

[@DiscoFang]

haha NSX is a nice car but not in the league of the McLaren. Not as an investment but as a driver. That McLaren will tank in price.

[@carguyuk7525]

223k on a car is a waste. Once you buy it after 6 months you won't drive it much. After a year you will sell it at a loss.

[@zachjones2346]

If he was worth $1.2 million and didn't have the car, then he is in the same position as he is right now. I wouldn't call that a waste any more than you spending money on ANYTHING. Like why would you buy a Big Mac at McDonalds? It's waaaay cheaper if you just eat some canned vegetables from the grocery store. Don't waste your money on stuff like that. See how dumb that sounds? Life is more than about saving money and being a cheap ass just to make your net worth a certain amount.

[@VinodhBallout6711]

Not to mention it's 16% of his net worth lmao. Terrible idea

[@patrickhassing120]

@@zachjones2346 this is the worst advice for several reasons. A - by the numbers, this will have a lasting felt impact on is net worth and retirement. It’s 1/6 of his life’s work - that is massive. It’s not getting a Big Mac every now and then. Buying this car is as stupid as buying 45,000 big Mac’s at once. Probably stupider once you account for maintenance. If you can afford it fine, but he ain’t there. B. He has 300k of liquid cash. Not only would he be spending most of his liquid cash, he would be spending all of the potential earnings if he had invested it. When I talk to new college grads about finance, I saw if you consider compound interest over time, the dollar you have today isn’t simply a dollar, it is $20 when you retire. That McLaren is way more than 200k if you consider what that money could have gone to. It’s likely over 1M in retirement cash. C - most importantly - “just get the toy cuz you only live once” is not a singular decision, it is a mindset. If you think this is true then you also get the boat in a year. And the Gucci jacket. And the Rolex watch. I’ve seen it time and again it’s not the decision that’s the problem, it’s the mindset that makes the same decision day in and day out.

[@BradDiBenedetto]

The second he said 1.4 million for net worth, the answer is no. Go buy a nice corvette for 80k

[@DerrickJames-bg3dn]

I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,,

[@Amobifreeman]

Investing in crypto/forex is a good idea, a good trading system would put you through many days of success.

[@gloryokpo416]

YES!!! That's exactly her name (Mrs Maria d) so many people have recommended highly about her and am just starting with her 😊 from United States

[@FrankMcKnight608]

So you guys know her too?... Wow she made my husband and I have our own house and car. She is good! 👌

[@MelissaTity]

I have heard about her excellent trading expertise in CNBC news, guess she's more popular in United Kingdom.

[@AhmedRobert-ph7pt]

Started with 5,000$ and Withdrew profits 89,000$

[@mechy2k2000]

No don't buy the car you only make 120k in salary.

[@GeorgeAlexander-bj4fk]

Right show to ask such a question.

[@reniedavisson8532]

🤣

[@fnamelname7296]

I am at over $7M net worth at 50 and I drive a 2012 Nissan Altima! When I had reached $5M networth few years ago, I did a test drive with Lamborghini and couple of other super cars. They are super uncomfortable! They are fast, but I don’t get any thrill out of driving fast! 🤷‍♂️

[@fabsmaster5309]

The thrill is mostly in the way they take corners and go up winding mountain roads in my opinion, although going fast is fun too. Also, if you are judging an exotic sports car by how comfortable it is, you are losing the plot. It's like people who see a model wearing a cocktail dress and go "Oh, I would never wear one of those. Imagine how cold you would be running down to the Wawa!". If comfort is your priority, you made the right choice so good for you.

[@KathleenMcNe]

I have zero debt and a net worth of almost $14 million. My daily-driver is a 2014 FJ Cruiser.

[@theblessedtraveler7477]

Congratulations!!

[@Neubs-xv8tw]

19 million dollar net worth here, 150k is about the most I would ever spend on a car.

[@musume7723]

He's going to spend more than a year's salary on a car. Broke mentality is broke mentality no matter how much money you make

[@ugmcfj]

Calling a guy with practically no debt and a 1.4 million net worth broke mentality is funny. Dumb purchase sure, but the guy clearly has made a lot of responsible decisions up until this point. If he wants an expensive toy he’s earned it.

[@mike-yo8qj]

@@ugmcfj Yup, and that's why people blasting the dude... I mean, there actually might be legit tax write-offs his CPA can allow him to do being self-employed buying this car. But, I would estimate most of the commenters that are laughing at him don't have $1.4 million liquid. The guy wanted advice, but asked the wrong people. I would sit the dude down as equal and give him effectively a psych exam to ensure he's thinking through all of this clearly before giving him my blessing. I honestly think the dude will be fine no matter what he choose... A) buy outright, B) lease, or C) punt to a lesser car or hold-off.

[@goforbroke2]

The guy isn’t balling enough to buy that car. I have friends worth 2-3x his net worth and they don’t even make purchases that large, especially on a depreciating asset. Dude only clears 200K a year. Bonus money isn’t guaranteed.

[@zachjones2346]

@@ugmcfj Most people don't understand that life isn't just about making your net worth a certain amount.

[@ugmcfj]

@@goforbroke2if he buys the car cash he’s a guy with practically no debt and 1.2 million net worth. All I’m saying is judging a guy who is clearly doing well when probably over 50% of the people commenting are probably still in massive debt is hilarious to me.

[@cassnate6259]

With 350k cash assets, there's no way he should be looking anywhere near McLaren territory. Maybe 50-60k.

[@kenwilliams3279]

I love the way people use the interest rate to justify the debt, like suddenly it's not a debt that matters

[@beerkegaard]

Also interest rate changes. Won’t stay 5% forever

[@pooofykittens]

If the effective (after tax) interest rate that you earn is higher than the loan interest rate, then paying off the loan is just setting money on fire. And whether the vehicle depreciates or not has nothing to do with handling the load. It’s completely separate. Paying off the vehicle wouldn’t stop the depreciation 😂 I can’t believe this show gets away with such bs

[@pooofykittens]

@@beerkegaardnothing stops him from paying off the debt after the drop

[@xxtoptankxx6873]

@@pooofykittensagreed. It doesn’t matter whether he paid cash or financed. The car will depreciate the same. It’s all a mindset in that scenario. Are you a numbers or emotional person. The numbers say you come out ahead keeping the loan. The emotions would be you’d feel better with it paid off. Entirely depends on the person.

[@ItzBHeadz]

@@pooofykittens Was looking for this comment. These people in the comments and on the show are idiots. Cars gonna depreciate either way. By paying off the loan you're just throwing away the spread.

[@JoeGalic-g8j]

This guy is crazier than crazy. $1.4 million is not a lot of money, plus most of this asset is tied to his condo and 401K (which are not available as disposable income - cannot sped them). This guy, if he loses his job, he would become paycheck-to-paycheck, or if he gets sick, he would become a poor man. If you work for your income of $200K per annum, do not buy a $225k car. If your money/ investments makes you $200K per year (in addition to your wages), then maybe you can afford this car. Remember you only look good when driving but at a cost of at least $5 per mile you drive. Young man, invest that $225K, and buy a house, instead, and retire early. Do not tie a weight to your ankle and jump into the sea.

[@oshkoshbegone]

We all wish Dave took this call

[@M2c-718GTS]

Used / heavily discounted vs new: buy cash or finance New: lease it, enjoy, give it back and buy a Camry- cash

[@jailanrayvon434]

All these broke keyboard warriors trying to roast a millionaire for asking for advice on buying a car that costs more than their house. I would buy it because it will force me to step up my game. I would take 120k from 340k in savings and use that as a down payment. Total Loan Amount $120,610.00 Sale Tax $15,610.00 Upfront Payment $120,000.00 Total of 60 Loan Payments $136,563.57 Total Loan Interest $15,953.57 Total Cost (price, interest, tax, fees) $256,563.57 *MONTHLY PAYMENT = $2,276.06* His monthly income is around 15-16k he can more than afford it, this life is short, why wait?

[@KevG]

Buy it brotha!🤝🏼

[@huskiefan06]

Let’s say he’s 35 years old. He could drop $50k cash on a brand new luxury car. Invest the remaining $173k in the market for 30 years. In a simple S&P index fund, he’d have over $2.6 million just from that initial investment! This guy is seriously overcompensating for something!

[@Davide1709]

oh nice, now in your example he's now 65yo and ready for the elderly house and has been driving a crappy car during his best years... But yeah, he's now worth 4-5-6M... wow!

[@gregorypeterson9]

Yeah, I recently saw a eighty year old at Walmart park in the handicap spot,😮 crawl out of his new corvette with not one but two canes. Was one of the saddest things ever. 😮

[@huskiefan06]

@@Davide1709 In what universe is a $50k new car crappy? Just curious.

[@Davide1709]

@@huskiefan06 my bad, my choice of wording wasn't exactly nice. Let's rephrase it with a "normal car". Now, my reasoning still applies... why do you Americans want to become rich at 65+ when you don't even know if you'll live till then? I'm not saying you should YOLO, but cmon man, this guy has 1.4M, it's 16% of his net worth. Speaking of ratio, it's like if a man with a $100k net worth bought a $16k car. Does it look so terrible? And that's purely math, but spending 225 on a 1.4M is definitely better than spending 16k over 100k.

[@huskiefan06]

@@Davide1709 It’s an entire years salary for him, that’s the problem. I’m curious why you comment on a Ramsey video when you don’t agree with the Ramsey basics?

[@your_humble_investor]

My net worth is 2+ millions and I am happy with my 2013 Honda CRV which does barely need maintenance 😊

[@jivangill]

You are a smart guy but get a nice car in the future always reward yourself but if love your Honda then end of story congrats

[@your_humble_investor]

@@jivangill Don't laugh but I dream to buy a Corvette 😅

[@rvog6584]

​@@your_humble_investorgo 4 it! Current model vettes r like 90k. The math works. /ful disclosure, my employer supplies a few components of the vette. 😊

[@pooofykittens]

He’s not talking about a daily vehicle, but a car for a car guy (it’s a hobby / passion)

[@rvog6584]

@@pooofykittenscorrect. But as w/ many things, Dave has devised rules on that. No toy (in general, things w/ motors & wheels that r not basic transport) is supposed 2 cost no more than x% of yer annual take hom pay & when u add up all yer toys their aggregate value isn't supposed 2 exceed y% of yer net worth since they almos always depreciate. X may b 50 & y may b 10 but don't hold me 2 that, jus wot I've heard on air, I'm not yet @ a pt. In my life where toys r much of an option. 🙂

[@joeriveracomedy]

New mutants 98 is a collectors item too. And way cheaper. Get the last 20 of those.

[@erikyoshi5549]

Great post. I remembered being a millionaire was a criteria to buy a new car. Next is it bought with cash? Finally this post confirmed that a new car should not be more than 50% of one’s salary for the year. If he buys McLaren used then he qualifies. I bought a used BMW and have put money repair over the years. Loving the car for the price and plan to drive until the wheels fall off. I drove a Honda for 19 years and bought a used Honda and Toyota. Glad my registration tags, insurance, and maintenance is not high as me having a new car.

[@riceball777]

this guy is talking about a very old used Mclaren A new one would be double this at least.

[@etpass8595]

Love this kind of call. Car people should hop on more often

[@Yeorange10]

This caller is way too perfect for there channel

[@ColossusFitness]

Never thought someone would call in about buying the same Mclaren I have

[@jessicaamy6711]

As someone that used to sell McLarens, Bentleys, Aston’s etc. it will not appreciate, I can guarantee you. McLarens were the brand that depreciated the most and were sold at the highest discount

[@FransceneJK98]

Really? Unless they’re collectors item right? Which not many are

[@thatfishingnoob]

Love hearing this.

[@JSICycles]

Depreciation is not the only thing to consider when buying a car like this. It’s not like he’s going to be turning wrenches on it. Tires are probably $2-4K, oil change is $1-2K, detailing, proper storage, insurance must be high, all kinds of extra maintenance. Dude don’t do it

[@Nickbronline]

Braindead purchase

[@tdgdbs1]

I would rent for a week with a manual transmission, that's the only way to drive the Mclaren. But then he may not know how to drive a manual.

[@georgiadriven]

@@tdgdbs1I can tell you don’t know about cars😭

[@airkrd]

As someone who's both pretty financially savvy and a car guy I would say he should not get a $223k car. My net worth and annual income are significantly more than his and I wouldn't feel comfortable spending that much. At his net worth, he could comfortably buy something in the price range of BMW M2/3/4, Porsche boxter/cayman or a Corvette. Great cars, at 1/3 of the price, within his price range and with much less expensive maintenance. At a price of 223k I feel that someone should have a net worth above 5M and have an income above $450k a year to comfortably afford that much, especially with all the taxes, insurance and maintenance which will undoubtedly be very high.

[@superucheck199]

I think if the interest in your bank account can’t cover for the car don’t buy it. Should be the golden rule for things that pricy.

[@airkrd]

@@superucheck199 never thought about it that way. Not a bad idea.

[@indigopajamas]

wow another millionaire. apparently every millionaire in the US is in the comments. your advice is correct but why does everyone here have to prefix it with "i make and have way more money than the guy calling in and i wouldnt even buy that car!" like stfu youre broke otherwise you wouldnt be flaunting it on a youtube video comment

[@steve3585]

It’s 16% of his networth, and 110% of his annual before tax salary….absolutely no way he should buy that car. Networth needs to be at least over £2m. Plus, the market could crash tomorrow. He may not be worth £1.4m for very long.

[@zachjones2346]

Says a person who will never be worth $1 million lol

[@danielfurr7356]

$1.4m net worth is not NEARLY enough to be purchasing a car like that.

[@zachjones2346]

Why?

[@vbelbel490]

@@zachjones2346 Ratio is not in his favor. That's why.

[@zachjones2346]

@@vbelbel490 Why? If the guy called up and said he was worth $1.4 million and had $60k in liquid cash, you would be praising him for doing a good job. Once you found out he also had a McLaren, that becomes an issue suddenly? Well the numbers I gave you is what he has left after buying it. I'm not sure how that ratio doesn't work out. LMAO. I love watching broke people think how rich people should spend their money.

[@desimo147]

$1.4 million is a great start in life, but $225,000 would be more than 1/7th of your entire net worth tied up in a depreciating asset, that will also be insanely expensive to insure, maintain and operate. And it also forces you into a 2nd vehicle because you don't want to pour miles into an expensive vehicle like that, it only holds two people and would make you a target of car jackers and thieves throughout the city. This is a toy for the ultra-wealthy ($5 million and up), not for someone in this guy's situation.

[@flightTime123]

We can’t pretend like a $1m net worth is rich anymore. That’s just kinda standard for a middle class family in the later stages of life.

[@davidlkleinman]

I’d keep the $15k loan. The car depreciates either way. That’s like saying I have a $150k mortgage at 3% and $150k earning 5% but I’ll pay it off (assuming you’re only factoring in math).

[@AH-ne3qn]

2:44 totally doesn't know what to say! 😂

[@cdsullivan2]

Because the advice doesn’t make any sense. 3.5 is less than 5.

[@CJ-cv1ds]

If caller reads this, PLEASE avoid. The only McLaren to go up in value is a P1/F1. They have some of the WORST depreciation, even the LT models.

[@aznsumthing]

This dude is why you can’t assume someone is doing well, even if he’s driving a McLaren.

[@vikasd.7139]

"Depreciation" doesn't reduce if you paid cash or not.

[@jaypence332]

Repair cost would be $15,000 a year on that car.

[@sabretechv2]

They do extended factory warranty, unlimited miles for 5k a year

[@XennialGuy]

6:00 Drive one and you'll know.

[@captainh3831]

The car is 20% of said net worth... ridiculous..

[@peaceful4you408]

A $225k Porsche would be a much better investment for him if that’s the direction he wants to go. Porsches maintain their value extremely well!! 👍

[@georgiadriven]

Non car people wouldn’t understand

[@vbelbel490]

What is it that we wouldn't understand?

[@jasonk446]

Don’t forget to factor in insurance and maintenance on that car. Your 1k repair bill on a regular car will now run you 10k.

[@FransceneJK98]

How much does insurance cost on a McLaren?

[@jerrypollo65]

For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time

[@silver45q]

I'm new to cryptocurrency and i don't understand how it really works. How can someone know the right approach to investing and making good profit from cryptocurrency investments?

[@Norberth67]

As a beginner, what do i need to do? how can i invest, on which platform If you know any please share.

[@jerrypollo65]

GREAT NWES!!started working with Christina back in April , and my financial goals have been clearer. It's like having a strategic partner for my money with a solid track record.

[@EricJohnson-st1pg]

She is really a good investment advisor. I was privileged to attend some of her seminars. That is how i started my crypto investment

[@phelps078q]

I've seen different people talking about this Christina jane she must be very amazing for people to talk this good about her.

[@andres198able]

a McLaren that is not a flagship (F1,P1 or the Senna) is going to LOSE its value really quickly. Those cars have terrible build quality. get a 911 turbo like a grown up

[@teebone2157]

200k a year before 40% taxes

[@PabLow-zx6mr]

The head on the desk 😂

[@Alex-mj5dv]

You really need at least $5m + liquid access to make a purchase like this on the hoof in full and not think too much about it or the depreciation, or for it to not move your ‘life needle’ too much. The guy is quite young and in tech - he needs to exercise restraint at this stage in his life. As Dave would say, it’s a toy, and has no practicality whatsoever, so there is not even that justification. Sticker price is about 16% of his net worth - no matter how he funds it, it’s a big mistake as it will be burnt cash. As stated, if he was worth $10m+ and had liquidity access for a portion of that, that’s more justified.

[@vhol93]

John ending with the highlander was mega hahahah

[@Nathan34581]

One could argue he has no business spending more then 50-75k for a car.

[@syntekz317]

I've heard the maintenance on a car that expensive is pretty insane as well, not sure he is considering that in the equation either.

[@Ironmon007]

He's calling just to show off, but he don't have much net worth lol

[@GeorgeAlexander-bj4fk]

@@Ironmon007 a lot of people called the show just to show off.

[@julienalford]

I think that’s your insecurity talking ngl.

[@indigopajamas]

do you have a high net worth? you can barely type with proper grammar, so i doubt it.

[@KingsleyOkonkwo]

He should do a corvette instead , that's his price range right now

[@tubenachos]

Buy a Nissan GT-R NISMO and call it a day 😂😂😂

[@LibertyDrives]

He should just buy a lightly used, pre-owned 570S instead of the 600. There goes 75k-100k of the cost and he still gets to enjoy a McLaren🤗

[@dannymartial7997]

Maybe I’m just bad at math, but I can’t see how the car’s depreciation factors into why he should pay off the $15k loan when the interest he’s making on his savings is higher… Depreciation plays no part in the math equation. If he pays it off immediately, the car’s value is still the same, but now, he’s no longer earning 5% on that $15k

[@818silencer818]

You are correct. The car depreciates at the same rate whether you own it outright or have a loan on it, makes no difference.

[@vikasd.7139]

It actually could be other way round.. one might be motivated to better upkeep a loaned/leased car vs an owned one.

[@realizreal510]

This had me scratching my head too.

[@isaacinmon4086]

True but it's still stupid. He is make a 1.5% spread... so 225bucks.... a year....... actually less since it is being paid down so probably like 150-200 the headache isn't even worth that...

[@GeorgeGoire]

That 5% on 15,000 spread is taxable income, so he probably breaking even to keep the loan if you count taxes. For a 1.4M net worth, not worth keeping that loan. If there is any spread after tax, its pennies for what he makes so its not life changing money. Pay that loan off.

[@j_mars_cars]

Heck yeah 98 4runner mentioned. Dr John has taste

[@Azel247]

Brother, not on a 1.4mil net worth. Sorry to say but if you want to do it the financially responsible way, you should be spending 5% of your net worth in cash on the car. For a 225k car, that means having a net worth of 4.5mil before you think about the car. Be truly rich, not fake rich. Getting a 225k car with a 1.4mil net worth just to "show off" is fake rich... it's emptiness. I can hear that you want to live that rich instagram life and brag about it but unfortunately you're not there yet.

[@veryincredibly]

Some people just like causing problems for themselves and are attracted to chaos

[@TripleCM239]

If he’s got cash for it, he can afford it. Whether or not it’s a good idea is an entirely different story.

[@olasek7972]

Exactly

[@butskiiueepp1625]

My thinking too.. he’s got a paid off house, $350k liquid in the bank.. & a $15k loan for maybe a couple hundred bucks a month. He’s doing better than 99% of ppl financially.. his retirement has been funded being a biz owner, so he is responsible.. nobody saves up $350k worth of money is stupid with their $. One bad purchase even at a $225k price tag Isn’t going to make him homeless

[@olasek7972]

@@butskiiueepp1625 I only hope he figured insurance, maintenance costs.

[@danzellbanksgoree23]

@@olasek7972Unless he is getting an entire new engine I’m sure he can handle maintenance costs even on the 200k salary alone. Also it’s dependent on how much he is going to actually drive the car when you talk about consistent maintenance costs like that.

[@danielfair4675]

​@@olasek7972insurance isn't as bad as you think on sports cars. My Vette was triple the cost of my '21 Subaru Crosstrek Limited. I pay $350 MORE a year for insurance on it than the Vette.

[@ProfitBoss]

As someone who recently bought an expensive car (to me) and then sold it not even a year later.. I wouldn't do this deal buddy.. It won't make you happier.. Well it will for about a month.. Then issues will start happening with it (it's a Mclaren after all) and the costs will start adding up.. You'll get fed up with it and likely be forced to sell it for a loss.. Try to make the decision with your head and not your heart.. I wish I had done with my previous car.. Now I drive a relatively cheap Lexus hybrid which is super reliable and I know the costs are low for it.. Look for happiness elsewhere that won't cost an extreme amount of money