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I'll chime in since I bought a 150K entry level supercar last year.
While I could have paid cash, my approach was putting down enough cash that I will never be "upside down" on it and I do extra shifts each month to make the payment. If I ever reach the point where I decide the amount of extra work required to keep it isn't worth it (not likely), I'll get rid of it. No harm, no foul as it was all play money anyways.
I notice that some are quick to judge but it's hard to understand the draw if you are not a car guy. Car guys don't do it for the luxury or prestige but because they appreciate the engineering, technology, and most importantly the way it drives, even when not thrashing it around a racetrack.
Another misconception is that a person that buys such vehicles makes poor financial decisions. While it is an expensive hobby, as long as your are putting away a 1/3 of your income for investments, I don't see the issue with it. Isn't that the reason we work? Or is the goal to stop working in less than 10 years after spending 26 years in school/residency getting the degree.
I give your partner the go ahead. You live only once. These cars are far enjoyable in my early to mid thirties than when you are 50+ and can barely get in and out.
An added perk is the car community. I've met so many new and interesting friends thru car events in the past year. You also quickly learn that doctors are the small fish when you get to the 150K+ range.
While I could have paid cash, my approach was putting down enough cash that I will never be "upside down" on it and I do extra shifts each month to make the payment. If I ever reach the point where I decide the amount of extra work required to keep it isn't worth it (not likely), I'll get rid of it. No harm, no foul as it was all play money anyways.
I notice that some are quick to judge but it's hard to understand the draw if you are not a car guy. Car guys don't do it for the luxury or prestige but because they appreciate the engineering, technology, and most importantly the way it drives, even when not thrashing it around a racetrack.
Another misconception is that a person that buys such vehicles makes poor financial decisions. While it is an expensive hobby, as long as your are putting away a 1/3 of your income for investments, I don't see the issue with it. Isn't that the reason we work? Or is the goal to stop working in less than 10 years after spending 26 years in school/residency getting the degree.
I give your partner the go ahead. You live only once. These cars are far enjoyable in my early to mid thirties than when you are 50+ and can barely get in and out.
An added perk is the car community. I've met so many new and interesting friends thru car events in the past year. You also quickly learn that doctors are the small fish when you get to the 150K+ range.
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