Every man has a dream car they would love to own, what’s yours? It could be a Bugatti, a Lambo, a Merc and the lists goes on. Perhaps it’s more unique than that. After various successful Fast & Furious movies, there are certain to be a lot of men who would love nothing more than to have their very own Nissan GTR. We would say Skyline, but Skylines have been out of production for years. The GTR, despite having a different name is more or less the latest version of that particular model. So, what’s stopping you from buying your dream car right now? Why instead, do you settle for a people carrier or perhaps a more typical saloon?
Well, there are a few issues that probably stop you going out and purchasing that dream car and let’s start with the cost. There’s no point in denying that the cost of the car is an issue and, as we’re about to discover, the initial cost of the purchase is just a fraction of the problem There’s also the practicality to consider. These cars don’t tend to offer massive amounts of space for more than two people and let’s not even mention the mileage. Actually, we will mention it, and we’ll give you a good reason why you shouldn’t let it bother you.
In fact, by the end of this article, we think you’ll agree that there is absolutely nothing in your way of buying your true, dream car, whatever that may be.
Wait What About The First Expense?
The first expense is the amount you’ll need to pay to get your hands on the car, and there’s no denying that this can be a massive cost. For classic dream cars like Ferrari or a Lamborghini, you could be expected to pay at least a couple hundred thousand and maybe something closer to a million. If you’re being a tad more realistic with your goal, you can get a great sports car for around sixty. But that’s still a lot of money. How do scrounge this cash together? Even the moderately rich have trouble getting enough money for this type of frivolous purpose. And, it is a frivolous purpose due to the weight of the depreciation. It can be a crushing blow.
You need to think about this purchase like another expensive piece of property that you may buy on the market. Yes, we’re talking about the home. The bottom line here is that if you can save up for a house so you should be able to save for a car. And, don’t forget, like a house you can take out a loan that will allow you to cover most of the costs. This is a great option and one that you should certainly consider if you’re serious about purchasing this vehicle.
The other thing to consider is how much you want it. If you are desperate to get your hands on this particular car, there’s a very simple solution. All you need to do is think about what you’re willing to give up. For instance, you often see small homes with beautiful cars parked on the driveway. Perhaps you wonder how the owner of the home could afford that type of car? The answer is that they sacrifice the dream home to get the dream car.
If you have a partner or a family, this might be a tad more difficult to swing. But hey, maybe your loved one adores sports cars as much as you do.
Yes, there are a few other costs that you do need to consider, and these can actually rival the first fixed cost that you’ll need to pay. Insurance is a big one that you need to think about and we have a few buying car insurance tips for you to consider. With insurance, it can actually be more expensive over the years than the actual car and far more difficult to manage. This is where being a great driver comes in handy because if you are fantastic at driving, you don’t need to worry about the cost of your insurance being more than it should. You see, all those years of sticking to the speed limit are now going to pay off in a big way. You need to think about where you live as well. If you want your dream car, we suggest relocating to a rural area. Why? Crime rates are lower here, and that means that insurance drops through the floor. There’s a reason why you won’t see sports cars in apartment blocks in the middle of the city. It’s just far too expensive to actually keep them on the road.
What about the cost of fuel? You might be worried that if you go from a car that does sixty MPG to a car that barely scrapes thirty you’re going to feel it. Or, rather your bank balance is. But it really depends how you drive the vehicle. If you constantly go on long trips a sports car is probably not the best option. However, if you only make small trips in your vehicle and use it for long journeys on occasion, there’s no reason to purchase something a little more nippy that burns a lot more fuel.
As well as this, it’s worth pointing out that modern sports cars can be very fuel efficient indeed and may be better for your bank balance than your current set of wheels.
Why Not Both?
Of course, if you have the money or at least a way of handling the costs, the best option is to have your cake and eat it too. What we’re suggesting here is that you invest in your brand new car and keep your old typical set of wheels. By doing this, you can have a typical car for daily activities and something more exciting for the weekends or even the tracks. The additional benefit here, of course, is that you can actually reduce the level of depreciation because you won’t be driving the car quite as often.
We hope you see now that there’s absolutely nothing stopping you purchasing that dream car. It’s just a question of how much you want it.