So, say the 60K you don't spend today is worth 120K when you retire in 2031. Is 120K really going to make a difference if you retire in 2031 or not? If it is, you might be cutting it a little too close. For many that RE'd , 60K is merely a daily market fluctuation.
Also, you might want to rent one for a weekend before you buy. Visibility is really poor in those.
Yeah it's more the allure of having more in retirement and sacrificing today. 60k today is likely going to be 120k+ in 2031 (good eye on knowing my ER year) vs the car just being an expense.
I've never spent 60k on a new vehicle before, so its partially the price point. Maybe used would be a better choice for this "want". It wouldn't move the needle a ton in terms of future retirement expenses...nor would it set me back today in terms of cash flow...but just knowing I could double or triple that money in the next 10 years and be able to spend more later was alluring.
Nobody in my family seems interested in the car. So selfishly (which is totally ok) it would just be something that benefits my own desire for a fun car. Then I got to thinking...I could easily take 10 trips to Disney world with 60k... and the family really enjoys these trips we go on... so maybe that is where I spend it instead. DW said she wouldn't even bother to learn how to drive a manual, and isn't keen on the purchase...even though she knows we can afford it.
I ran FIRECalc and it says we have 100% success rate so long as we continue to earn and save what we did last year for the next 8 years.
55k plus sales tax, registration and of course the added maintenance costs of a third vehicle (insurance, oil changes, new tires since those things are like 305 F1 racing tires that only hold tread to about 5,000 miles).
I might keep thinking about it. Just a little longer. So maybe I'm not 100% talked out of it. It seems though if I am not 100% "all-in" than maybe it might be something I regret. Who knows.
I rented the same car in Austin, TX a few months ago. it was a REALLY fun car. Visibility wasn't any worse than a Corvette, or any other sports car I've been in.
For 60k I could rent QUITE a few different sports cars, QUITE a few times and still walk out ahead. Certainly a car like this isn't an investment, and that is kind of messing with me, since we have been in total saver mode pushing as much dough as we can into the markets.