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To the OP, there is absolutely nothing wrong with delayed gratification.

It is probably why you have been successful thus far.

I personally don't subscribe to the "you only live once" camp to justify doing it too early. Sounds to me like you are young, and have plenty of time, so from there it really just depends on your goals. Capital can do fantastic things when you are young, so be careful with your "powder"---

If business is good, that is great, but that can always change too. I personally like the concept of setting the car as a goal, and then leveraging your hustle to make that happen (house paid off, etc.). My feeling is it is a toy, you pay cash, in an amount that isn't a big % of your net worth.

A Lambo is a fun thing to buy, when the timing is right.

You'll know when timing is good/right for you. Meanwhile, enjoy the community and the hunt.
OP this is sage advice...........read and learn or at least be aware there are two schools of thought regarding this big ticket item. In the end do what is best for you and your family and everything will work out, and then it's just a matter of choosing the proper timing to realize your dream.
 

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OP this is sage advice...........read and learn or at least be aware there are two schools of thought regarding this big ticket item. In the end do what is best for you and your family and everything will work out, and then it's just a matter of choosing the proper timing to realize your dream.
Yeah it seems like there's the: "You only live once" crowd that is all about early enjoyment and motivation. And there's the being financially prudent crowd, which is don't spend more than X% of your networth or income and only buy it after you have everything else in your life perfectly paid off and taken care of. I would say I'm somewhere in the middle. I don't want to buy it when I'm 60 and retired but have tons of money, but I also don't want to be wasteful and get it too early where I have to stress about it. Sounds like no one has any regrets after they buy it though, no matter what camp you're in :D
 

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Yeah it seems like there's the: "You only live once" crowd that is all about early enjoyment and motivation. And there's the being financially prudent crowd, which is don't spend more than X% of your networth or income and only buy it after you have everything else in your life perfectly paid off and taken care of. I would say I'm somewhere in the middle. I don't want to buy it when I'm 60 and retired but have tons of money, but I also don't want to be wasteful and get it too early where I have to stress about it. Sounds like no one has any regrets after they buy it though, no matter what camp you're in :D
I hear you and really it's whatever works for you. I have only been doing the Sport car thing for 3 years and have had 5 Sports cars and TBH I get bored quickly but be aware there no Nirvana to be had. Having said that I love the sound of my 10-cylinder gas guzzler........and I better because they always make sure to charge that hefty Gas Guzzler tax for the privilege.
 

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I hear you and really it's whatever works for you. I have only been doing the Sport car thing for 3 years and have had 5 Sports cars and TBH I get bored quickly but be aware there no Nirvana to be had. Having said that I love the sound of my 10-cylinder gas guzzler........and I better because they always make sure to charge that hefty Gas Guzzler tax for the privilege.
I don鈥檛 know if you are keeping the cars or trading them but I have amassed a collection on purpose and on accident.
I can鈥檛 seem to part with some and purchased some just because I like them too much.
 

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Here is the best thing I've read on the thread. Purchases like this only motivate to go harder and do better.

I SAY BUY IT AND DON'T LOOK BACK.
 

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I'd suspect that there are plenty of regrets from those who time it wrong (on either camp).

Those who wait too long and are too old to really enjoy, and those who've bought too early and spent money that should have gone towards securing their future.

I for one would feel a great deal of resentment towards my Lambo if I bought it with a loan, and fell on hard times. Waiting to be debt free, with passive and paying cash was a better recipe for me.

Again, it's definitely personal on when you do it now that you have decided one is in your future.

I could have bought one several years before I did, but my ultimate trigger was to do it while I had young kiddos at home, but old enough to enjoy (and not so old that they would think they were too cool for school). Picking up elementary school kids in the Lambo is awesome- Financially, I debated putting more money to work to bring early retirement that much closer similar to you.

What pushed me over the edge was evaluating what a really nice vacation in Europe costs, as a way to make memories with my family. Spending $20-$30K on a summer vacation with my family is likely money well spent on memories/bonding that could last a lifetime. I figured similar costs of running a Gallardo a few years, which also ticks many boxes, including unforgettable experiences, memories, bonding with the family, etc.

I've no regrets, but I may have them if I had timed it differently---




Yeah it seems like there's the: "You only live once" crowd that is all about early enjoyment and motivation. And there's the being financially prudent crowd, which is don't spend more than X% of your networth or income and only buy it after you have everything else in your life perfectly paid off and taken care of. I would say I'm somewhere in the middle. I don't want to buy it when I'm 60 and retired but have tons of money, but I also don't want to be wasteful and get it too early where I have to stress about it. Sounds like no one has any regrets after they buy it though, no matter what camp you're in :D
 

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It is funny how we all have are own different ways of justifying our indulgences. Age certainly has a lot to do with it, as you get to the point where you either spend it or leave it to the vultures, lol.
 

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Much good advice and the logic is sound on both sides of the debate so now OP it is up to you as to if or when. All the advice offered was well intended and you can accept part, all or none of it. At the risk of sounding like a bad kungfu movie.......grasshopper the answer lies within or in more modern terminology it can be found after some inward reflection and not so much on a forum.
 

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As far as I can tell, life is all about experiences and relationships. If you don't know whether a lambo fits well into your lifestyle, I suggest you find out. As successful as you have been at your age, I can't imagine you are a person who dwells on your past mistakes, so why are you so afraid about potentially making one here? A $200 k toy clearly falls into your "can afford" column at this stage, and if it turns out to be a bad decision, sell it and move on.

I, too, dwell on things that I wish I wouldn't... but the thrill of firing up the lambo, and going out on a drive for no other reason than to experience the exhilaration is hard to match. Very few things keep me up late at night filled with positive energy, but lambos certainly do. The acquaintances, friends, and experiences that I've made through lambo ownership are very valuable to me.
 

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My only regret from buying a Lambo was why the heck didn't I do it sooner. Just like Murciful said, "but the thrill of firing up the lambo, and going out on a drive for no other reason than to experience the exhilaration is hard to match". It just must be experienced to know what we mean.
 
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If you buy the right car that has hit the depreciation curve you actually won鈥檛 lose any money.

I鈥檝e had an 09 Gallardo in at $135k out at $130k after a year

15 Huracan in at $179k out at $185k in 6 months

16 Aventador SV in at $365k out at $380k in 6 months

16 gt3rs in at $157k out at $160k in 4 months

I don鈥檛 watch my miles with any car and drive as much as I want. Once a car has hit a certain point then the right model, spec, and year will not put you in a spot where you鈥檙e taking huge hits.

I learned a system called Exotic Car Hacks that shows this. Look it up.

I recently bought a 19 aventador s roadster which i鈥檒l have for minimal cost for the next 6-12 months then flip out.

Note that I have close friends with dealer licenses so I鈥檓 able to transfer sales taxes but this just applies to how I鈥檓 able to have so many cars.

look into this stuff with the right info and you won鈥檛 be scared.

hope this helps
 

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hope this helps
Interesting. It's definitely true that if you go about buying it the right way and don't make a series of extremely bad decisions you aren't likely to lose your arss.

So many different perspectives on what people are after and how to go about it. We all want a good deal. Who wouldn't? I buy a Lamborghini to stir my soul, so I wouldn't pick something up just because it's a good deal.

Unless you've been dreaming of a specific car since childhood... I suggest you start looking for a vehicle that inspires you, has been well maintained and is offered at a fair price within your budget.

Buy it, drive it, and see if ownership is something that adds to your life. If you find yourself lamenting and guilt ridden, then sell it and move on. Maybe try skydiving, bungee jumping, surfing, or literally anything else instead.

OP, you've obviously considered this path for a reason. You even created an account, and shared some of your personal financial situation with a bunch of strangers. Why not find out what is there, deep inside you, that's beckoning? LOLOL
 

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If you buy the right car that has hit the depreciation curve you actually won鈥檛 lose any money.

I鈥檝e had an 09 Gallardo in at $135k out at $130k after a year

15 Huracan in at $179k out at $185k in 6 months

16 Aventador SV in at $365k out at $380k in 6 months

16 gt3rs in at $157k out at $160k in 4 months

I don鈥檛 watch my miles with any car and drive as much as I want. Once a car has hit a certain point then the right model, spec, and year will not put you in a spot where you鈥檙e taking huge hits.

I learned a system called Exotic Car Hacks that shows this. Look it up.

I recently bought a 19 aventador s roadster which i鈥檒l have for minimal cost for the next 6-12 months then flip out.

Note that I have close friends with dealer licenses so I鈥檓 able to transfer sales taxes but this just applies to how I鈥檓 able to have so many cars.

look into this stuff with the right info and you won鈥檛 be scared.

hope this helps
Lucky you haven't been rear-ended or T-boned or resale on any of your exotics would plummet and you would eat a lot of coin.

Also the average owner isn't flipping cars every 6-12 months. Excise tax alone in many states would make this cost prohibitive. Your situation is unique with dealers friends. In my state you only pay the difference between new car and trade-in so it's not bad either. Nonetheless, getting in and out of cars every 6 months would give me a headache. The search alone takes months. I would be perpetually searching for the next car if I was on your timeline.

I look at the car purchase price as a sunk cost. Buy my toys in cash. Even if taking a loan, have enough cash to purchase it outright if you wanted to.
 

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My father gave me great advice when I was younger. Do not compromise your lifestyle for your income. Go out and make the money you want to live the way you want. Make a goal to make an extra 150 or 200k next year and buy a lambo with it. No Guilt there. Having the Lambos are great for the state of mind that I can do fu$%#ng anything I set my mind to. I will probably set another goal for next year and buy another one. The problem is I like the older ones that I can work on. Maybe a Countach or Muria. (If I have a really good year)
 

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I bought a 2016 AV roadster about 3 weeks ago for $A570K (easy guys, this is in Australia!). It was A LOT of money to me, but I could afford it. Sure I was scared with what could go wrong financially BUT "if" I need to sell it tomorrow surely I could get, say, $450k for it, so my risk is $570-450 =120K. Can I afford $120k? Would I bother even telling my wife if I lost this in an investment? (stock market?) No - she wouldn't even know because $120k isn't THAT BIG of a deal. What I'm saying is I'm happy to take the $120k "risk" for the fun I'll have.

Having a Lambo is "life changing", even when you go to the gas station it's an "event" - people ask you questions - little kids want to sit in it, etc.. I'm an extravert so I love it.

OP you are obviously well on your way financially and as you get even "richer" your friends will change..... they won't be able to keep up with you...... your ideals will change.... THEIR ideals/opinions won't be yours anymore.... they may even be jealous of you..... It's part of life.

Conclusion, If you can "afford" the $120k (in my example) do it (and YOU CAN afford this price differential!) - it will be "scary' for a while BUT after about 3 weeks the "scariness" wears off because I know (in my example), I'm "only" risking $A120k.
 

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Those are great points BB. Your risk of loss is only the difference between what you paid and what you can dump for.Many people never grasp that. Also the thing about friends is really true on multiple levels. I bought a new special edition Dodge pick up as a daily driver on Dec 31st. For me just a tax writeoff. The fact I bought the Murcie and 3 other new trucks this year has many people treating me different. It is so true when your income so far surpasses theirs that there is really no longer a frame of reference. At a Christmas party many people began to treat me different. "oh ,I heard you bought another Lambo." "How many cars did you buy this year and so on" . I am still the same guy but felt a lot of animosity from guys I used to hang out with. I am just doing what I want .. For them it is out of their realm of reality and either creates jealousy or feelings of insecurity. Sucks for them. I just tell them to set goals higher, work harder and quit laying down when they should be fighting. Success is about NEVER giving up and ALWAYS striving for more. Great comments BB.
 

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I imagine the OP is long gone, but fwiw, I do suggest you set your expectations about the likely total cost of the experience above the purchase price, particularly with older models.

I sold my murci for $3k more than I purchased it, but I it wrapped in ppf ($4,000) Bought SV wheels ($9,000), put new tires ($3,300), installed Escort radar ($3,500), insurance ($200-300/month) replaced the door shocks (???), Replaced tail lights with LP640 lights ($4,000?). And I never had any major mechanical or electrical issues, which are possible. To each their own, but part of the experience for me is having the Lambo the way I want it. This can become quite a money pit if you let it, as with anything (house, boat, racecar...).
 

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Did you get the door shocks oem or aftermkt? My drivers door is getting weak
 

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I think I got them from Glen, OEM
 

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Thanks. Does he have good prices. I have been ordering from Scuderia.
 
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