Should I “let” my husband buy this car?

[Anonymous]

He wants a Porsche Boxster. With the options he wants, it’s around 110k. He makes > 500k.

We “technically” have a net worth over 6 million BUT 750k is money earmarked for kids’ educations, ~ 500k is our house, and ~ 300 is in illiquid investments.

Liquid investments excluding the 529s is probably around 4.5 million.

No debt.

He already has an expensive car (SUV) so idk why he needs another one. But I feel bad saying no since we can technically afford it.

Can you think of reasons to say no?

[Anonymous]

I would say no until liquid investments, excluding college funds, are over 5 million.

Make it his goal. Can’t buy it until the goal is achieved.

[Anonymous]

Yes, if he sells the other car.

[Anonymous]

Anonymous wrote:Yes, if he sells the other car.

OP here. I should have mentioned, the suv is our “family” car. I drive a smaller car (a crosstrek) because I hate parking big suvs.

[Anonymous]

What a waste of money

[Anonymous]

Anonymous wrote:What a waste of money

+1

[Anonymous]

Anonymous wrote:He wants a Porsche Boxster. With the options he wants, it’s around 110k. He makes > 500k.

We “technically” have a net worth over 6 million BUT 750k is money earmarked for kids’ educations, ~ 500k is our house, and ~ 300 is in illiquid investments.

Liquid investments excluding the 529s is probably around 4.5 million.

No debt.

He already has an expensive car (SUV) so idk why he needs another one. But I feel bad saying no since we can technically afford it.

Can you think of reasons to say no?

boxsters are fun. SUVs are family haulers, they are not viscerally fun. let him buy the car but make sure his life insurance policy is up-to-date. also tell him he needs to schedule regular dates with you. Figure out a hairstyle that can handle zooming around in a convertible. A convertible is much less expensive than a mistress, let the guy enjoy the money he's making.

[Anonymous]

Everyone I know who gets the Boxster or even the Carrera rarely drives it. Plus, when I see a middle aged guy driving one I instantly think midlife crisis.

If he wants a Porsche why not trade in the SUV for the Cayenne. Or get the Cayman and make it a family car.

Or if he is feeling the itch, get the new SUV Rivian. Though who knows how long they'll be in business. That is a super cool car.

[Anonymous]

You can’t afford it

[Anonymous]

Anonymous wrote:

Anonymous wrote:He wants a Porsche Boxster. With the options he wants, it’s around 110k. He makes > 500k.

We “technically” have a net worth over 6 million BUT 750k is money earmarked for kids’ educations, ~ 500k is our house, and ~ 300 is in illiquid investments.

Liquid investments excluding the 529s is probably around 4.5 million.

No debt.

He already has an expensive car (SUV) so idk why he needs another one. But I feel bad saying no since we can technically afford it.

Can you think of reasons to say no?

boxsters are fun. SUVs are family haulers, they are not viscerally fun. let him buy the car but make sure his life insurance policy is up-to-date. also tell him he needs to schedule regular dates with you. Figure out a hairstyle that can handle zooming around in a convertible. A convertible is much less expensive than a mistress, let the guy enjoy the money he's making.

PP here. To be clear, I say this as a woman who has owned a (then 100k) porsche for the last 24 years. I bought it after I made my first million. Still love that car, so much. (currently trying to figure out how to wedge a carseat for my toddler in the back.)

[Anonymous]

Why do we think it’s your job to tell your husband what he is allowed to value? So you’re not a car person, fine, move on. Do you want him to tell you what you’re allowed to value and spend money on? No? Didn’t think so! As for the, “you cant afford it” posters, suck my lilly white *ss!

[Anonymous]

Why not get one that's used? This one is basically brand new for $68K: https://www.cars.com/vehicledetail/a99dd3dc-2ab0-462d-b7b3-1132ceab2f42/

2022, 10K miles, CPO for significantly less than your $110K stated above.

[Anonymous]

Let him have the car. It’s a waste of money, but it’s a better mid life crisis than an affair. You won’t miss the cash.

[Anonymous]

Anonymous wrote:Everyone I know who gets the Boxster or even the Carrera rarely drives it. Plus, when I see a middle aged guy driving one I instantly think midlife crisis.

If he wants a Porsche why not trade in the SUV for the Cayenne. Or get the Cayman and make it a family car.

Or if he is feeling the itch, get the new SUV Rivian. Though who knows how long they'll be in business. That is a super cool car.

SUVs are in no way a replacement for a mid-engined convertible! jesus.

But really I think the whole point IS a midlife crisis. Yeah, OPs husband wants an expensive shiny toy, a little bit of automotive joy. And she can probably easily talk him out of it. But then what? Maybe he then tries to fix that lack of adrenaline rush by going to the gym a lot more, and gets distracted by an expensive bit of feminine excitement instead. Yeah, ok, the car is going to lose money just being driven off the lot, and maybe he decides to sell it in a few years at a loss. The man earns more than 500k a year. Let him have his toy and take joy in it. Also go for rides with him and try to share his enjoyment.

[Anonymous]

Can you compromise and have him buy used. Owners of sports cars (especially high end ones) are usually meticulous about maintenance.