To want a Porsche?

Spend the money buying an asset which will appreciate in value (a house) first before something which will depreciate (the car).

You sound very insecure.

If you're buying a 'prestige car' so it looks like you've 'made it' you need to know that nobody else really cares about the car you drive.

I live in a well-off area of Cumbria. Nobody here has anything to prove. There are a few 'prestige' cars but there are many more Skoda Yetis, Volvos, Panda 4x4s and very many ageing but well maintained Land/Range Rovers.

Ultimately, it's up to you. But I'd personally be putting my cash into bricks and mortar or investments rather than a depreciating asset.

A car will depreciate in value but a house generally increases in value.
A vauxhall or mini gets you from A to B in just the same way a porsche does.
You need to keep to the speed limit, despite the vehicle being able to do 180mph or whatever.
I was a teenager in the 80's. Porsches always remind me of yuppie city types shouting " Ya! Buy! Buy!" into an original brick of a mobile phone

@NaMaStayInBed1

congratulations on doing so amazingly well for yourself. That shows a sheer drive and focus regardless of where it comes from, this is to be celebrated for you by you.

would the car show that? By that I mean looking at yourself in the mirror and telling your younger you “kuddos kid! You ve done very well with your own elbow grease and you should be very very proud”.

i wonder if this would help you more?

at some stage, you re going to have to find a way to get over the stigmas of your upbringing, with or without outside help. You certainly may have had more hurdles than some of what you perceived in your school friends, but they are just that perception because no one what it s like behind closed doors.
you may own your home, but if there is neglect it is tragic anyway.

good luck Op

Okay honestly, it doesn't sound like the car is the issue here, it sounds as though you are chasing the next thing that you think will make you look better to other people. That's actually quite sad. In your position I would focus on owning a home and possibly seeking some counselling for how you're feeling.

No way would I be buying a Porsche (or anything other than a basic functional car) if I didn’t own my own home, and I say this as someone who’s likely to buy a Porsche for our next family car!

Yes cars are nice but they are luxuries once the basics and beyond have been paid for. No way would I prioritise a car over giving my children stability through owning my own home.

Embarrassing to own a Porsche and not a house tbh but if you want it then do it

We have a Porsche and they are expensive to run so bear that in mind .. my dh lives it because he loves cars bling because it validates him though .

Is that the thing that matters the most to you? How about financial stability for your family? Education? Your family provided you that, and most people value that over cars.

I currently drive an Audi, and previously a Merc. I'm looking at my next car and want to step up in prestige so for a long time have said it would be a Porsche family car

This doesn't sound like you want one at all.

Tbph, posh expensive cars don't really impress nowadays anyway. Finance is too widespread, they're not a signifier of wealth anymore. Our local Council Estate is full of cars worth ten times what ours is 🤷‍♀️

Buy a Porsche because you love the look and feel of the car and the simple "OMG, I've got a fucking Porsche!" feeling. Accept that it is ugly, ridiculously expensive to run but will make you grin like an idiot whenever you drive it.

Do not buy a Porsche because of what you think other people think about you.

Therapy is cheaper.

If you want a Porsche and can afford it - go ahead ( but it seems you don’t as your housing situation is not resolved)
I don’t think buying Porsche will help you, it seems the two previous cars didn’t.

If you can afford it do it. You know 2nd hand ones are affordable right?

Can you easily afford one?
If so get one but only if it will make you happy. It doesn't matter if it makes you happy because you think its impressing people, if it makes you happy the reason doesn't matter.
I would say though that its not as impressive as it used to be due to all these PCP and Lease schemes that make cars more affordable. I see plenty of Porsches in my not so posh Northern town.
BUT if you want one and can afford it why not?

You'd be better off spending the money on therapy to deal with your crippling insecurities.

You've done well for yourself but instead your need for external validation is your entire identity. THAT's very unhealthy and very unsustainable. If you lose your job or get a health issue that stops you working, your entire identity goes out of the window.

If I didn’t own my own home then I wouldn’t be spending money on fast expensive cars personally.