Do any of you get buyers remorse after buying a exotic car? | Page 4 | FerrariChat

Do any of you get buyers remorse after buying a exotic car?

Discussion in 'Ferrari Discussion (not model specific)' started by JustAnotherCarPerson, Feb 3, 2020.

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  1. paulchua

    paulchua Cat Herder
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    I've answered everything you asked. You have yet to answer my Mars question.

    The moment you answer it, you'll understand why your premise is out of wack.
     
  2. Matteo165

    Matteo165 Rookie

    Aug 6, 2018
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    Matteo Gruelle
    If you are a true automotive enthusiast, as the brotherhood here is, then you realize you should never regret anything that brings you joy!

    I regret writing a lot of checks in investing and business and some pretty dumb decisions along with them. I never regret anything I do for my wife and kids nor any of my pursuits that bring me happiness.
     
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  3. paulchua

    paulchua Cat Herder
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    #78 paulchua, Feb 5, 2020
    Last edited: Feb 5, 2020
    Matt,

    I've asked the same question, but he hasn't given a reason.

    I love it when youngsters are passionate about these cars, I was so happy to see his interest at first.

    Unfortunately, it became evident it was never about the 'cars.'

    I'm a tough-love guy when it comes to kids, and what's he's exhibiting is a toxic mindset that I don't think he is even aware of. I hope he grows out of it because I see the most miserable adults do what he's doing:

    Justifying ahead of time, that one's dream/goal is actually a negative, so it gives one a pass to not work toward it.

    Maybe the analogies I gave him earlier in this thread went over his head, I'll try again with High School analogies:

    "When I think of my self being the Valedictorian, getting a 5.0 GPA, you know, I fear I'll think it's not the 'perfect' academic record."
    or
    "Yeah, I've always thought to be the captain of the basketball team would be great, but you know, I would feel guilty about it."

    Kid,

    Work hard, believe in yourself, be willing to sacrifice for your dreams, and if you truly do this, I have no doubt you will achieve things beyond even your imagination. Stay in the now, focus on your school, bettering yourself, and being the best version of yourself you possibly be.

    After you've done these things and saved up enough money to actually buy an 812, then come back here and ask us if you think the 812 Superfast's handling is not perfect enough for you or if you think you would get along with that famous actress you're planning to propose to, or how many rooms in a mansion would be 'perfect' and not make you feel too 'guilty.'

    Stop convincing yourself your dreams are actually things you'll end up regretting. What you're doing is telling yourself to not even consider racing before the lights have even gone out, so not to hurt your ego on the possibility of losing (and burst that bubble in your subconscious psyche that has given you the hutzpah to question the 812's handling when you don't even have a driver's license.)
     
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  4. moysiuan

    moysiuan F1 Rookie
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    Nov 1, 2005
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    Part of an exotic purchase should be the hunt to find the right car. Drag this process out, the careful deliberation around what are many different and excellent choices is enjoyable in of itself, you meet different people, you learn about the cars, you start to get a feel for what subculture you might enjoy being part of. You also get to test or try different vehicles, sometimes simple ergonomics can make one car feel much more appealing than another arguably more objectively appealing vehicle.

    The purchase itself has very short lived gratification, exciting for sure to take the ownership, but it is an "in the moment" pleasure.

    The owning and use of the car can indeed be a letdown, in that many modern cars, even non-prestige ones, can be so good that the differential between them and exotics is not as great as it once was, certainly in daily driving, and the most exciting exotics can be difficult to live with day to day and using them as daily drivers well under their performance thresholds can be very tiring or more boring than one might expect. Sometimes they don't even sound good until the revs are in the high rpm's where you are probably putting yourself and others at risk in a street setting. Many luxury cars suffer from this lack of specialness letdown, in that case is has become more about complex interior electronics which can be really annoying, and you don't really get proportional value for money as the price goes up. A lot has to do with how you value the brand association and prestige to others as the main goals being satisfied. Don't be embarrassed about buying for looks or prestige, it is as valid a reason as any other, although may not prove as durable as tastes and prestige trends change rapidly.

    I think if you enjoy the hunt, you will refine your expectations and have a better overall experience. If you do have buyers remorse for more practical reasons, thinking of an exotic car as a form of rolling art helps, sometimes just sitting in an exotic, or looking at it can be satisfying - assuming you buy a beautiful design in the first instance. Not all current exotics would be viewed as beauties, there are a lot of beasts available these days.
     
  5. JustAnotherCarPerson

    Nov 29, 2019
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    Butt head
    I know it’s kinda late to be answering this but, as I said earlier in this thread I get buyers remorse after I buy expensive items example: recently my computer died and I had to spend all my money on a new one but after I bought it I felt the buyers remorse kick in even though I really needed a computer for school and for fun so it’s kind of a important piece of equipment that I need so I didn’t really know why I had buyers remorse because cause I think it was a smart way to spend 500 bucks.

    But my buyers remorse went away after it didn’t over heat and shut off and I now have better frame rates and can play with my friends again.

    I don’t really know why I have buyers remorse after I buy expensive things and the reason I asked this cause I wondered if anyone else had this problem cause if I get BR (I’m gonna call buyers remorse BR now) after just spending 500 bucks I wonder how I’m gonna feel when I spend 100k+ on car.

    But that remorse will probably go away as soon as I get it out on the open road and here orgasmic exhaust and downshifts.

    You guys are right, if you work hard and save your money up then why would you feel remorse after something you wanted for so long and worked hard for? Thanks so much and happy driving!
     
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  6. paulchua

    paulchua Cat Herder
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    #81 paulchua, Feb 5, 2020
    Last edited: Feb 5, 2020
    Appreciate the info.

    If you got the $500 from your parents, nothing to be ashamed of, after all you are only 15. If you earned it yourself, you definitely have nothing to be feel bad about. A computer I think is a great way to spend $500, after all it's not like you gambled it away on an online casino.

    Really the key thing here is why the regret/remorse? If you feel this way about a $500 computer, I assume you'll feel this way about other things. Do you feel that one has to live a minimalist life? If so, nothing wrong with that either if this is who you truly are and gives you happiness. In fact, millions of people believe just that - see Buddhism.

    Kind regards,
    Paul
     
  7. LightGuy

    LightGuy Three Time F1 World Champ
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    I'm remorseful of the ones that got away.
    Almost all on that list have appreciated.

    Buying a new depreciating one...remorse ?
    You betcha !
     
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  8. Pis7a2020

    Pis7a2020 Formula Junior

    Dec 17, 2019
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  9. IloveGT

    IloveGT Formula 3
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    Somehow I still have a feeling the op is not 15 years old. A $500 computer for gaming?? The games 15 years old boys play could not be handled by a $500 computer nowadays.

    Why are we still entertaining the op? I don't think we are inspiring a 15 year old to be more interested in Ferrari. Who knows he could be a 50 year old loser living in his mom's basement with Farrah Fawcett and AC/DC posters on the wall.
     
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  10. JustAnotherCarPerson

    Nov 29, 2019
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    I don’t really play heavy games that require a beast of a computer. And if you don’t believe my age well that’s fine.
     
  11. IloveGT

    IloveGT Formula 3
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    Oh what games are you playing then?
     
  12. tbakowsky

    tbakowsky F1 World Champ
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    Every exotic car owner experiances remorse weather they like to admit it or not. When they get that massive estimate for repairs they never thought would happen to them. I get it all the time... stupid expensive car almost zero time to drive the dumbass thing..why do I really need this thing..that's why I dont have one anymore..
     
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  13. MalcQV

    MalcQV F1 Rookie

    Oct 11, 2004
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    I don't think it is a bad question. It is difficult for me to answer.
    I feel bad spending $2500 on kitchen worktops (it really is a small kitchen) but $2500 on a service on my 360 is money well spent :D
    However spending $90k of cash on a car I would feel guilty about :eek:
    Part financing using the bank I couldn't really care less.
    Though today I don't owe anybody a penny for my 360, it is all paid for.

    There are two issues here for me. The amount of money spent vs my annual salary and the amount of money spent vs my annual salary :D. Yes you read that [twice] right.
    For the things I love I am willing to spend more of my salary on. For the things I [might need but] don't love I want to spend less of my salary on!

    JustAnotherCarPerson, I think currently you aren't sure you want a Ferrari :p
     
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  14. paulchua

    paulchua Cat Herder
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    #89 paulchua, Feb 6, 2020
    Last edited: Feb 6, 2020
    I would have to disagree, getting my Ferraris has been one of my life's greatest pleasures, bested only by the love of my family and friends and spending time with them.

    I'm actually most happy driving around my Ferraris with family and friends in tow..(2+2s rule!)

    No regrets at all. (Bills included)

    :)
     
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  15. paulchua

    paulchua Cat Herder
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    For what it's worth, I believe you are 15. That's said, you have the habbit of asking questions, having folks answer, and not answer their questions in return..that would be considered rude.

    So again, for the 5th time now.

    Why do you feel guilty? Is it you think you should save the money? Is it you think you should give it to the poor? Is it you are trying to distance yourself from material things?

    We're trying to get to the 'root' of your anxiety, it's obvious to me now that's a box your scared to open.
     
  16. steved033

    steved033 F1 Veteran
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    Don't be throwing poo on my aspriations...

    sjd
     
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  17. steved033

    steved033 F1 Veteran
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    Yep, he's 14. I have a nephew his age...LOL

    It's pretty simple. Whatever it is you have in life, enjoy it! I have a 31 year old Ferrari. It's not fast by today's standards, but it's just a joy to drive. I haven't come home not smiling yet.

    sjd
     
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  18. IloveGT

    IloveGT Formula 3
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    Lol. That's a good one!
     
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  19. tomc

    tomc Two Time F1 World Champ

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    Not "every". At least not yet. Mine is due for its annual service though, so that might change!

    OP...buy things for other people you care about before focusing on your own wants & desires. Then when you indulge yourself, you won't feel so remorseful. That's my free advice, and as with all free advice, you get what you pay for!

    T
     
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  20. kahrl

    kahrl Karting
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    Buyer remorse is a character trait of some personalities. But that doesn't mean that a person must suffer from it, even if having a proclivity for it. I agree with schwoo, above, that careful study can minimize buyer remorse. I bought my first Ferrari from a collector after careful study, and talking to people who were knowledgeable, and investigating the reputation of the seller. After that study, I was convinced that I could not do better than buying from this person. Even though I had to spend several thousand dollars to get the car into perfect mechanical condition, I had already anticipated that this expense would be necessary. I do have one piece of advice to minimize buyer remorse. BUY A 12-CYLINDER Ferrari. If I hadn't started out with the top of the line Ferrari of its era, I would have struggled with buyer remorse over whether I should have gone ALL THE WAY! Today, I would accept a 488, but that's because I have already had the 12-Cylinder experience. However, don't hold your breath waiting for me to down-size!
    Today, you can buy a Maranello or a 599 for a reasonable amount of money, as they hit the bottom of the depreciation curve. The 12-cylinder experience is an important first step. The next time you are at the liquor store and somebody asks you to pop the hood so they can see the engine, you don't want to have to apologize for the fact that they are looking at yet another V-8.
     
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  21. LightGuy

    LightGuy Three Time F1 World Champ
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    Thats why I buy cars that have bottomed out on the depreciation curve and are headed back up. Yes there are maint costs but the apprecition covers that.
    Choose wisely.
    Its a mix of love, recognition and timing.

    Discipline, analysis and experiance.
     
  22. tbakowsky

    tbakowsky F1 World Champ
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    That's a good plan..but you cannot convince me you do not second guess putting 20k into a 40k car regardless of where you think it will head value wise.
     
  23. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    5,687
    So I'm not a rich guy (as some know around here), and it takes YEARS to save up enough money for an exotic......9 years for my Lamborghini Diablo Roadster and now 6 years to cobble together $200k to buy a 2nd toy.....do I question these decisions at times?.....Hell Yes I do....and not because I should be using it to save whales or polar bears....but because of opportunity costs for other things. The Diablo sits in the garage except for 500 miles a year, the new one will live a similar life. If we run into trouble paying for my children's college (one in college now, another starting high school) or paying our mortgage, the toys will be the first to go.

    Because of my situation and hating depreciation, I'm limited to older cars with collector value....not the newest whiz-bang super/hyper car. But I'm good with that, still have the hottest garage in my upper middle class hood.
     
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  24. MalcQV

    MalcQV F1 Rookie

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    Ultimately it is easy spending money on something you're passionate about and a lot less so if you're not.
     
  25. arizonaitalian

    arizonaitalian F1 World Champ
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    I have.

    I loved most of them.

    But the last one I didn't like from the start. I drove it only 1000 miles in 5 months before getting rid of it, and lost $25,000 total for that. I did the usual research and thought I'd like the car, but it just wasn't right in several ways for me, for the role I wanted it for.

    I'm sure folks that have unexpected, expensive repairs and bad experiences with finding unobtanium parts when repairs are needed that sideline the expensive toy for months also are not happy about buying it.

    Of course most folks "here" will say they love it, have no regrets, etc.
     

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