I just got a job offer for around 360K TC. I have about 160K cash, 500k stock, 100k in 401k. I grew up poor, and I’ve never made a big purchase in my life and considering buying a Porsche 718, C43AMG, or Corvette C8. Genuine question - does it make sense or can I afford to buy 60-70K car? (M, 30)

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Sure. Enjoy life. You deserved it. Congrats on getting the new job. Can you tell me where your new gig is? And what is your skills?

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Probably time to buy a house

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No debate, buy the house first. You’ll be much happier.

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Obviously you can afford it.

It never “makes sense” from a FIRE perspective to drive anything other than a $500 beater until it breaks since cars are depreciating assets. Treat this as an expense not an asset; do YOU want it enough to take the hit?

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Also D1, can you elaborate? Genuinely curious.

if all of your other expenses are covered and you have plenty left over, go for it and treat yourself.

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That Corvette C8 though

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Why not a RC F? It’ll have better resale

funny

They definitely do not over a C8 or 718.

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Why do you have so much cash?

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No. My question was why? Losing out on gains

What about a house?

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Sure enjoy your life. But I would personally buy a car that will hold value, like a Lexus GSF, it’s a Japanese muscle car that is relatively cheap to maintain compared to the rivals and they stopped production so it will retain its value

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You can do it, you're ahead of where I was back when I turned 30 and I did it without regrets. The harder issue is getting allocations for some of these cars you listed. You will not find any C8 for $70k and 718s at that price will probably be only used cars; not many allocations for the 4cyl variants when the factory would rather pump out $100k+ GTS and GT4/Spyders. Forget Lexus suggestions; I've had a RC and it's just more of the same luxury yacht blandness. Nothing can substitute a proper sports car.

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You’re totally right. It’s tough to find inventory right now. What type of car do you have or have owned?

I have 90k car in a 120 salary (wife also is at 200)

It’s still less than 15% of our net take home for both cars + insurance and gas

Go for it! Congrats.

Everyone has their splurges. Do whatever you want!

And what role/company are you moving too?

Can I ask what your career path was to get to where you’re at?

FANG, MBA, Consulting, and now industry potentially

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