What would you choose for a daily driver with $3.5M in the bank?

[cotmfk]

Originally Posted by 996ttelise

Again, for daily driver, the DB11. I have access to and drive everything including Rolls Royce. The DB11 is a phenomenal daily driver. Drive it JUST ONCE and you will understand.

For fun, I can hook you up with a 2009 1 of 2 in existence full Mansory Bugatti Veyron. I am assisting in the sale and have full history and tons more photos I took of it on February 3. The Mansory Package alone costs $1.1 euro. The car is actually cheaper than one might think as my friend needs to sale before his Chiron gets here.

No manual, no care.





:troll:

That's awesome!

[cotmfk]

As a couple of others have alluded to, I would keep my current life and invest that $3.5M. If it's an inheritance, I'm assuming someone worked hard to be able to pass that money along. I'd try to make it something bigger for the next generation. Try to turn it into $10M+.


For some reason, if it were lottery winnings, completely different story. Maybe half on a car and half investing!

[sdshah]

Originally Posted by cotmfk

As a couple of others have alluded to, I would keep my current life and invest that $3.5M. If it's an inheritance, I'm assuming someone worked hard to be able to pass that money along. I'd try to make it something bigger for the next generation. Try to turn it into $10M+.


For some reason, if it were lottery winnings, completely different story. Maybe half on a car and half investing!

Lol at people spending 700k on a depreciating asset with 3.5 million in the bank. 20% of your net worth on a car.

Lease a m5 or 991 GTS and invest the money.

[M-Pilot]

Originally Posted by CanAutM3

M5 or E63S for the DD and a 911 GT2RS for the track

This!

[Blksnowflake]

3.5 M. AMG GLE63S and a 991.2 GT3.
Would not go crazy. In the scheme of things 3.5 isn't a whole lot.
Invest.

[Blksnowflake]

That's a AMG GLE63 S Coupe. : )

[dmboone25]

I had no idea the board had so many go-zillionaires on here.

3.5 M is a TON of money...I doubt I will ever have that much in the bank. I agree that spending a majority of that amount on a car would be borderline insane but hey, what else is a windfall for?

[REDEV217342]

Ford GT

[REDEV217342]

Originally Posted by sdshah

Lol at people spending 700k on a depreciating asset with 3.5 million in the bank. 20% of your net worth on a car.

Lease a m5 or 991 GTS and invest the money.

pretty sure OP said inheritance....if you are 50 and get a $3.5mm inheritance and that's all you had and you spend $700K on a car, then yes that's moronic. If you have already amassed a nice $2-3MM retirement, are debt free and then get a windfall for another $3.5mm, then hell....I would.

[SROC3]

Porsche 918 Spyder or La Ferrari

I don't think the OP is asking for financial advice - more just "what would you do if you had an EXTRA $3.5 to spend on a car?"

[GMe90]

I would buy a 981 Boxster S with MT and keep the M4 as the daily.

[48Laws]

A chauffeur

[asuh1991]

I literally just posted in another thread about how baffled I am with how much people spend on their cars relative to their financial situation.

3.5 mil is NOT enough money to buy an exotic car. I cannot believe some of these responses.

I wouldn't even think about ferraris and mclarens before I hit networth of 15 mil at least (excluding my house) and hope it can generate me what... hopefully 600k in annual passive returns?

[JmikeMillz]

Originally Posted by asuh1991

I literally just posted in another thread about how baffled I am with how much people spend on their cars relative to their financial situation.

3.5 mil is NOT enough money to buy an exotic car. I cannot believe some of these responses.

I wouldn't even think about ferraris and mclarens before I hit networth of 15 mil at least (excluding my house) and hope it can generate me what... hopefully 600k in annual passive returns?

I’m baffled by this extreme. People spend money on different things I guess. 15mil net worth excluding your home, and a Ferrari - at what, 2% of that - is going to break the bank?

If I had 3.5mil free money, I’d happily turn that into 3mil free money and waste the rest on a dream car - 911GT3 RS 4.0 if I could get one.
I didn’t spend my entire childhood dreaming I could be the richest man in the cemetery.

[48Laws]

Originally Posted by asuh1991

I literally just posted in another thread about how baffled I am with how much people spend on their cars relative to their financial situation.

3.5 mil is NOT enough money to buy an exotic car. I cannot believe some of these responses.

I wouldn't even think about ferraris and mclarens before I hit networth of 15 mil at least (excluding my house) and hope it can generate me what... hopefully 600k in annual passive returns?

You can buy a pre-owned Bentley GT for $130k. Pre-owned Mac 570S for under $200k. Aston Martin AMV8s on the cheap etc. so many option. Not sure what matrix you’re on.

[CloudVIII]

New M5 as a daily

[asuh1991]

Originally Posted by 48Laws

You can buy a pre-owned Bentley GT for $130k. Pre-owned Mac 570S for under $200k. Aston Martin AMV8s on the cheap etc. so many option. Not sure what matrix you’re on.

Ok well your talking pre owned, I meant new. Even then you think its good idea to buy that when your only worth 3.5 mil?

But if its 3.5mil free money for someone already well into the millions then yeah by all means go buy that exotic.

[FC4]

I'd take the money and carry on with my day. $3.5m would not effect any purchasing decisions for me.

[FC4]

Originally Posted by dmboone25

I had no idea the board had so many go-zillionaires on here.

3.5 M is a TON of money...I doubt I will ever have that much in the bank. I agree that spending a majority of that amount on a car would be borderline insane but hey, what else is a windfall for?

It's really not. Depending on where you live, $3.5m buys you a very average 2,200 sq. ft. home such as this. Now of course you'd have to be a fool to pay cash for a home, but that sum as a downpayment and a $15-20K/mo mortgage could get you into something nice. Regardless, if $3.5m is life-changing...your life probably sucked.

[dmboone25]

Originally Posted by FC4

It's really not. Depending on where you live, $3.5m buys you a very average 2,200 sq. ft. home such as this. Now of course you'd have to be a fool to pay cash for a home, but that sum as a downpayment and a $15-20K/mo mortgage could get you into something nice. Regardless, if $3.5m is life-changing...your life probably sucked.

15-20k a month for a mortgage? That’s insane.

And no, my life hasn’t sucked because I believe 3.5M to be a lot of money or life changing, because it would be for me (and 99% of the general population AND population on this board, regardless of what people are saying).

[REDEV217342]

Originally Posted by FC4

It's really not. Depending on where you live, $3.5m buys you a very average 2,200 sq. ft. home such as this. Now of course you'd have to be a fool to pay cash for a home, but that sum as a downpayment and a $15-20K/mo mortgage could get you into something nice. Regardless, if $3.5m is life-changing...your life probably sucked.

Must be another coastal elitist to make an absolutely asinine comment like that.
BTW - I live in Maryland and have a place in SW Florida so I'm quite familiar with elitists. 95% of the population will never have $3.5MM in the Bank.

$3.5M in the Bank and just a 6% return will get you over $200K per year and NEVER touch the principal. To put that $200K in perspective, that is the equivalent of what just 7% of households in the entire country make in A YEAR.

You can cherry pick your Palo Alto, DC, NY homes all you want. DO you really think ANYONE that came into a $3.5M windfall would blow that $$$$ on a house just to impress their friends? Who in their right mind thinks you need to have a house with a $15-20K monthly mortgage to "get you into something nice"? You are delusional.

[REDEV217342]

Originally Posted by dmboone25

15-20k a month for a mortgage? That’s insane.

And no, my life hasn’t sucked because I believe 3.5M to be a lot of money or life changing, because it would be for me (and 99% of the general population AND population on this board, regardless of what people are saying).

Just go read the first page of his "comments" and that's all you need to do. You will see "poor people" mentioned countless times. I don't think I have encountered a bigger insufferable dbag on ANY car forum like this cat.