To want a Porsche?

Buy a home before a porsche. They aren't even that great to drive anyway, stall all the time, my family member didn't last long with theirs.
And yes, THERAPY!

Well done with university and doing so well in your career.

Tbh, if you want a Porsche, buy a Porsche, you most certainly don't need random strangers online to validate your choices. The thing is though, anyone can buy a Porsche or other luxury car. It has more to do with credit rating and/or cash. Money just buys stuff. Personally, I think some therapy and/or counselling would be a far better use of your money.

If you want to come across as 'doing well' it's more about clothing, grooming and most importantly confidence, often combined with a five year old car paid for with cash.

Agree with other posters, it's great you have done so well for yourself largely through hard work, but there was nothing 'wrong' with you in the first place.

Leases have totally robbed 4x4s of the prestige they once had. Buy an old one and it will cripple you financially - a broken rear climate panel on my sister's Q7 cost over a grand to fix, the tyres are ridiculous and so on. Also agree with others though that the main problem with Porsche SUVs is that they are utterly hideous.

Consider a Lexus if splashing that sort of cash and don't forget big cars depreciate hard. Only a mother could love this face.

Congratulations on getting to where you are now.

Honestly, I wouldn’t be buying a fancy car if I didn’t own my own home. Buying a house, a stable and secure base for my family, would absolutely always come first.

Once you have a house then look to the fancy add-ons such as cars. If you’re going for a Porsche get a classic vintage / older model. You’ll look less of an idiot and they have a much better drive, the classic Porsche feel.

Don’t finance anything. Save and buy outright.

I think you might be right in questioning why you want the Porsche, it does seem to be about impressing others, validating your achievements but a sense of validation needs to come from within not from showing off for others.

I would set your next goal as buying a home not a Porsche. It's a good investment and will create stability for you . It's a grounding feeling owning your own home vs renting . The Porsche can come later x

If you can afford a Porsche then you most likely can afford to buy a property. By anyone's reckoning those you still seek to impress would be more impressed by that.

I always wanted a Carrera. Not for either of your reasons @NaMaStayInBed1 but because I think they’re gorgeous cars.

By all means get one if you want one, but don't expect it to make you happy or solve your problems.

Because of finance, anyone can drive a luxury vehicle, it's really not the marker of financial success that it used to be.

I wouldn't parking a Porsche outside a rented home, that's ridiculous to me. Cars depreciate, property (generally) doesn't. Theres a house being used as an HMO on our street and I do side eye when someone moves in with a brand new Audi or whatever, I think that's a strange priority financially when you're an adult renting a room in a shared house to be driving a car worth that much

Poor people stay poor by making bad choices like driving expensive cars when they don't even own their own home.

You sound like you have major hang ups & insecurity from childhood. I get that. It's not uncommon.

But the good choices now to show you've changed is prioritising capital accumulation & your dc's education.

I'd be embarrassed driving an expensive car if I was renting and if I met someone who admitted that I'd think less of them. Sorry.

@NaMaStayInBed1
What a waste of money.
Car depreciate especially in the first 3 years.
Homes nearly always appreciate in value, and besides you need a home. Home ownership generally gives you much more security than renting (especially if in the private sector).
Would you want to be still re when you reach retirement age?
Save your money and keep saving for a deposit on a house, that's more impressive than a flash car.
I own my own home and I drive a Fiesta and I don't care what people think. I have a roof over my head for the rest of my life. That's security.

Where I live (affluent north west village filled with middle class academics) a Porsche just screams new money and is really considered a bit tacky. Sorry.

If you're trying to hide your working class origins you need a much less blingy car. Old Land Rover, a Skoda of some sort, Subaru Forester etc.

You'll never have your house if you continue to buy expensive cars that you don't need.

Buy a car because you love the car, OP - not for any other reason. I don't think buying a flash car will help to fix your insecurities.

Only you can answer what your motives are. I like nice cars because they drive better, they are more comfortable, quick acceleration, they look nice. I don't think 'I hope Mrs Jones down the road thinks my car is cool.' I couldn't care less.

Be prepared for judgement though, and jealous men trying to race you on the motorway.

One of the reasons certain groups of people seem to do well for themselves is that they make investments that will appreciate in the future. An obvious exaple would be putting money into property over a house. The concept of delayed gratification is also an important one. It sounds like you have been spending quite a bit on cars and would like to increase that spend further on a Porsche. In my view you would be better off prioritising the purchase of a house. Drive a modest, reliable car and use the extra to put aside for rainy day repairs for your home. It really does seem.madness to be driving premium cars when you don't own a house!!
I do understand where your thinking is coming from, but I would say now is the time to let go of that old mindset and approach the future doing what is best for you and your family, rather than trying to impress with external toys that will depreciate in value. Most people just won't care and those who do don't matter.

Can't really say it any better than this.

This. Get a cheap run around and save for a house deposit.

What you’re saying is you will finance a Porsche at a high cost per month.

I understand the draw nice things have, especially when people come from humble beginnings.

However, a prestige badge only ever impresses yourself or those foolish enough to make an assumption that you’re wealthy. Renting a house and renting a Porsche gives you nothing from either at the end. It’s literally burning income.

Wealthy people tend to buy cars outright that have depreciated already. They move them on regularly before they drop too far.

A trait of people from humble roots who have gone on to have decent careers is that often they think their salaries are brilliant. It all depends on what you’re comparing them to.

Try and strike a balance - think long term and pay extra in to your pension. Lay down some cash, rather than giving it to a finance company to fund a metal box with a Porsche badge in it.

It matters to you more than those around you and that feeling it gives you isn’t worth the high cost. IMO

You don’t own the roof over your head - how is driving round in a Porche going to impress anyone? If anyone is remotely interested (unlikely) they are more likely to think your life choice is a poor one.

Are you even going to own this Porsche? Or is it lease it loan?

If you can buy a Porsche outright and it’s a car you’ve always wanted for yourself I’d say go ahead. If it’s a car you are thinking of because it’s flashy and expensive and will (you think) impress people and are going to pay a high monthly payment don’t bother.

Mental if you don’t own a home.

A home is really useful for your inheritance allowances for your child. I would look at that and make it a priority over a Porsche.

Also, try to be a bit less inward-looking and concerned about what people might think of you. You say your post is "deep" but it really isn't. You want to impress people with the car you drive because of self-esteem issues. That's understandable given your background, but it won't solve anything because, amongst other reasons, most people simply aren't that interested in other people's lives.

Can you afford to pay for it twice in full? If not then you can’t afford it.
Focus on buying a house if that’s what you would like. No one sensible is impressed by what car you drive. We own several properties outright and I drive a £10k second hand car. I don’t need to impress anyone. We didn’t have a lot of money growing up either.
You are a success! Be proud of what you have achieved. Aim for the house next!