To want a Porsche?

Your priorities are all kinds of wrong OP! And your inferiority complex is getting in the way of this. 🤷‍♀️

DH got the car of his dreams some years ago, but the stress of owning it (scratches, vandalism etc) was so great that he sold it after three months. And for a lot less than he paid for it.
My mantra: anything that costs you your peace, is too expensive.
Ps anyone else thinking of Joey from Friends?

Clearly you have done well in your career, and have raised children. and this alone should give pride.

it seems absurd to being driving a prestige vehicle if you don’t own a property.

maybe owning a property isn’t so important. But surely investing in assets that will grown in value makes more sense? Super investing in your pension? Building up funds so you can retire early? Buying a holiday home that you can let out now, but live in when you retire?

Suggest you look on you tube especially if you are considering a Taycan, multitude of problems.
The depreciation on these vehicles are enormous as are the repair costs.
Suggest looking at BMW's

Buying a Porsche won’t help you deal with your past. It’s not going to erase the bad experiences you had. Invest in yourself and get some therapy. You deserve to be proud of your accomplishments without feeling like you have to prove yourself to others by buying signs of success like trousers without holes and fancy cars. Having a fancy car is often a sign of having high debt these days as people aren’t paying outright and have loans etc

Personally I’d save for when you’re ready to buy a house. You might not want to live in your current area forever and the housing market could change.

I don’t want to pile in and be mean but it will indeed label you but not in a good way.

Bonkers that you base your self esteem on what car you drive , totally understandable if you felt differently from others as a child but
get some therapy and sort yourself out
house would be my preferred choice
I just don’t understand why people pay thousands for lease hire posh cars etc
rather than saving for their future!
some of the most wealthy people I know drive old cars

Sorry pressed too soon.

If I had money to waste on a Porsche or other fancy car and I didn't own my own house then that is where my money would be going, buying a house. At least it will generally appreciate in value and not lose money the longer you have it.

Interestingly as a young police officer I queried with a colleague why so many people on council estates had big expensive cars and wouldn't it make more sense to save up for a deposit on a house. I myself drive a really basic car but got my first mortgage at 24.

It was pointed out that a car is a mobile status symbol. How many people can see you driving round in your fancy car and think you're some high flyer with status and prestige. Conversely how many people actually come to your house, see where you live or even recognise your address as being on a council estate or a multimillion mansion?

Your priorities are out of whack with having a secure life base. Work on those, this will bring value and balance to your life. It doesn't matter what other people think of you, the important thing is what you think about yourself. Do you like who you are? Do you love yourself?

When you feel comfortable with yourself, you find that material things lose their allure. You have nothing to prove to anyone.

I completely agree with the above plus the Porsche family cars aren’t really head turning vehicles (the teenager in me still loves the Carrera though).

Your financial priorities are skewed. You want to buy a depreciating but very expensive assets, but wont buy a house, an asset that tends to go up in value.

I suppose it depends on what you want from life, long term and why you feel like your self worth and value to others is routed in material possession

YABU. I own my own home, have prestigious cars / SUVs, and IDGAF about what people think. You do not have a stable living situation, have cars (on credit?) and most likely are not in a situation you can afford to run a Porsche.

As an example, my SUV is fully paid for but I still spend £200-300 per month on petrol (utter shite fuel economy), insurance is £350 per month, general maintenance is £1,500ish per annum (usually more :( ), and tax is £600 per annum. My friend’s Porsche Macan is only cheaper in insurance, and I think tax? The rest is generally pretty close.

As you don’t own your own home, buying a Porsche is the worst idea. Get therapy instead.

I think you’d be better off spending your money on a good therapist. You need some help to learn to love and accept yourself rather than pour money into your insecurities and external validation. Good therapy will change your life forever. A Porsche won’t.

A few things to think about-

A) the vast majority of people driving flash cars now don't own them they are on lease agreements. I never see a car like that and think that person is doing really well and owns a special car. I think that person has a company car/lease car. If your motivation is that other people will think you're doing well, it don't think they will.
B)sinking money into a depreciating asset when you dont own your home - an appreviating asset - is madness.
C)it won't fix your insecurities at all. But the safety of your own home might help.
D) money would be better spent on therapy to help you.

If buying a Porsche is what you want, then they’re easily accessible so just do it!

But be aware nobody else is really noticing or caring much either way.

It kinda feels like you’re overplaying your hand a bit here, thinking everyone is noticing you and how well or not you’re doing..?

As a humble reminder, you’re the main character ONLY in your own story.
For friends and fam close to you, you’re a support act or various ranking at best.
For everyone else your name doesn’t even feature in the credits. They’ve got no idea who you are, let alone what car you drive 😆

So just do you.

eta people worth absolute fortunes earning more in cash reserves interest that you earn in a year, might be sitting next to you at the traffic lights in a 10 year old vw golf. They don’t all drive Rolls Royce’s y’know 🤣🤣

I’m not sure this will get the response from people who see you driving it that you are hoping for. My first thought was that a Porsche family car (I assume you are talking about the Cayenne?) is simply not that nice and having one is a bit flashy and WAG like. I’d be far more likely to admire a top range Audi or Mercedes even if they do cost less.

Add in that you don’t even have a house with a mortgage, far less a paid off property, I’m afraid I’d be thinking ‘all fur coat and no knickers’ like the previous poster.

Get one by all means, but just remember a Porche is what people drive until they can afford an Aston Martin.

There's a cliche about drug dealers driving BMWs and living with their mums. But it's a cliche because there's some truth in it: drug dealers aren't known for making "sensible" life choices.
A fancy car is a lot of money to shell out, particularly if you replace it every few years, instead of keeping it for its whole useful life.
But this is your life - if owning a posh car makes you happy and means more to you than better financial security, in the same way that owning a rescue donkey and half a dozen dogs makes other people happy, then it's not for others to say that choice is not valid, if it is an informed one, and you understand the financial risks.

Buying a Porsche will definitely affect the way people will think of you, but probably not in the way you think or want them to. I certainly know what my gut reaction would be.

Waste of money. Materialistic things are meaningless.

If you have to put it on a credit agreement, then no. If you have the money to buy it outright, then why not put that as a deposit to buy a home and provide security for you and your DC?

Porsches and other former luxury car brands don’t do the “look at me, I’ve made it” thing the way they used to, as so many people on decent incomes just lease them.

Expensive cars aren't a wise financial move as they go down in value. Do you want to actually have money or just look like you do to people who won't notice or care much?

Do you invest for the future/have an emergency fund? I wouldn't do it even if I owned a house unless I had a high net worth. You'll get an initial dopamine hit and then your happiness level will be back to where it was.

Sorry if that sound harsh. You should be very proud of what you've accomplished.

I originally voted YANBU then I saw you didn't own your own house yet so I voted YABU. Stop chasing these expensive cars (with high payments that are stopping you saving for a mortgage), buy a decent (condition, not fancy branded) older car outright, save the money every month in an ISA or LISA if eligible, and get that house deposit built up! Then talk Porsches once your housing is secure.

I realise this is judgemental, but if I see someone with a fancy car and a rented house, I'm not impressed by the car - I just think, there's someone who doesn't know how to manage their money properly.