To buy a 750S new? Hard to really say because it depends on your net worth and how you’re spending your money and where you live. A single person in a low cost of living area could buy a car like this while making $400-500k maybe, but you’d need a lot more if you’ve got a family or live somewhere more expensive, or have a lot of money tied up in real estate.
Everyone’s situation is different so it’s hard to say. Especially because there’s a level where you can buy a car like this, but then that doesn’t necessarily mean it’s a financially responsible move.
Greatly depends on lifestyle It’s always a give and a take with any purchase. The guy with 4 kids in school and vacations 4x a year is probably going to need more income to justify the car than the single guy whos only hobby is cars.
Anyways, the cheapest McLaren is the McLaren GT at around 200k. A substantial amount of super car owners lease the vehicle and with a high residual you could get into a McLaren GT for a 3 years lease with 25k down for 2500 a month plus or minus. Just rough numbers here but it’s in the ball park.
So, say you want to be diligent and put most of your income into savings etc, you’d need around 20k - 25k post tax income per month. But realistically we’re enthusiasts here so 15k post tax would probably be fine provided your other expenses allow for that.
So basically you want 200 - 270k post tax income (300 - 350k pre tax in a 0 income tax state) per year to get into a McLaren comfortably depending on your priorities. If you live an otherwise frugal lifestyle or love cars, then even less may be needed.
A substantial amount of super car owners lease the vehicle and with a high residual you could get into a McLaren GT for a 3 years lease with 25k down for 2500 a month plus or minus. Just rough numbers here but it’s in the ball park.
That makes sense. Then over the life of the lease they’re only paying 90k.
FWIW I think people somewhat overplay “rules” with getting one of these cars.
Yeah I agree with that, if you’re making 300k+ things like daily necessities and life expenses just aren’t a factor. All you have to do is make sure you don’t blow all the money on a house that’s too big or stupid things.
With these high dollar toys, it’s a good idea to start thinking about net worth and not just income. If you’re considering a 750, your finances are presumably well sorted, so will a rapidly depreciating asset compromise your investment goals?
Random question, what sort of annual income would you need to reasonably afford a McLaren?
To buy a 750S new? Hard to really say because it depends on your net worth and how you’re spending your money and where you live. A single person in a low cost of living area could buy a car like this while making $400-500k maybe, but you’d need a lot more if you’ve got a family or live somewhere more expensive, or have a lot of money tied up in real estate.
Everyone’s situation is different so it’s hard to say. Especially because there’s a level where you can buy a car like this, but then that doesn’t necessarily mean it’s a financially responsible move.
Thanks so the minimum is around 500k other factors aside.
Greatly depends on lifestyle It’s always a give and a take with any purchase. The guy with 4 kids in school and vacations 4x a year is probably going to need more income to justify the car than the single guy whos only hobby is cars.
Anyways, the cheapest McLaren is the McLaren GT at around 200k. A substantial amount of super car owners lease the vehicle and with a high residual you could get into a McLaren GT for a 3 years lease with 25k down for 2500 a month plus or minus. Just rough numbers here but it’s in the ball park.
So, say you want to be diligent and put most of your income into savings etc, you’d need around 20k - 25k post tax income per month. But realistically we’re enthusiasts here so 15k post tax would probably be fine provided your other expenses allow for that.
So basically you want 200 - 270k post tax income (300 - 350k pre tax in a 0 income tax state) per year to get into a McLaren comfortably depending on your priorities. If you live an otherwise frugal lifestyle or love cars, then even less may be needed.
That makes sense. Then over the life of the lease they’re only paying 90k.
Yeah I agree with that, if you’re making 300k+ things like daily necessities and life expenses just aren’t a factor. All you have to do is make sure you don’t blow all the money on a house that’s too big or stupid things.
With these high dollar toys, it’s a good idea to start thinking about net worth and not just income. If you’re considering a 750, your finances are presumably well sorted, so will a rapidly depreciating asset compromise your investment goals?