sports cars under 50k image
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I love working on cars. And I also love high end exotics like Ferrari, Lamborghini, Lexus(LFA), etc.
What kind of jobs give good pay or atleast enough in the automotive field to afford a exotic plus a decent life. I mean I don't want to drive a Ferrari and live under a bridge.
I know how to fix basic things on cars(I'm a freshman in highschool) and I love upkeeping/detailing cars. I'll eventually learn the bigger things like engine repair, transmission rebuild, collision repair etc.
I mean can owning a dealership that sells around 6-10 cars a month with $500-2000 profit make around $100k or more a year? I live for cars and just don't have the mindset of being a doctor or something. I can't spend a day without seeing atleast 1 car of any sort. Picture form or in person.
Answer
Sorry to burst your bubble, but the guys that drive exotics aren't in the automotive field. They are investment bankers, sports stars, CEOs or celebrities.
The math just doesn't work. First, owning a car dealership involves several hundred thousand dollars (minimum) start-up capital - and that's cash (you need to borrow more than that). Guessing you don't have that. Also, when you say $2000 profit on a car (which is a reasonable assumption), you're forgetting you've got to pay overheard on the dealership, staff and just everyday expenses. You'd go bankrupt in a hurry at 10 cars a month with $2000 profit each. More like 10 cars per day........but there is still that problem of rounding up a few hundred thousand in cash in upfront capital, plus having the credit for loans for the rest of it. Even assuming you had your own dealership, while it can provide a good life, it still won't be Ferrari good.
For a $250K exotic (which is on the low end for your list - maybe a Lambo Gallardo, but that's about it), you better have income of at least half a mil a year. Same ratio as a guy making $50K buying a "regular" $25K car. There is no job in the auto industry short of CEO or other top exec that provides that kind of coin. You'll need to set your sites higher.
Good luck!
Sorry to burst your bubble, but the guys that drive exotics aren't in the automotive field. They are investment bankers, sports stars, CEOs or celebrities.
The math just doesn't work. First, owning a car dealership involves several hundred thousand dollars (minimum) start-up capital - and that's cash (you need to borrow more than that). Guessing you don't have that. Also, when you say $2000 profit on a car (which is a reasonable assumption), you're forgetting you've got to pay overheard on the dealership, staff and just everyday expenses. You'd go bankrupt in a hurry at 10 cars a month with $2000 profit each. More like 10 cars per day........but there is still that problem of rounding up a few hundred thousand in cash in upfront capital, plus having the credit for loans for the rest of it. Even assuming you had your own dealership, while it can provide a good life, it still won't be Ferrari good.
For a $250K exotic (which is on the low end for your list - maybe a Lambo Gallardo, but that's about it), you better have income of at least half a mil a year. Same ratio as a guy making $50K buying a "regular" $25K car. There is no job in the auto industry short of CEO or other top exec that provides that kind of coin. You'll need to set your sites higher.
Good luck!
Is the Ford GT one of the best American sports cars?
A p
I watched the Top Gear review, and found out that though American cars typically are not as good as foriegn cars, that the Ford GT is an exception to that, partially because it handles turns rather well.
Just curious what those of you on Y!A think
Answer
The Corvette is still the best American sports car. In production continuously since 1953, and you can still buy one for under $50K. The Ford GT was an extremely limited production copy of an exotic race car, and hugely expensive to buy and maintain. If it were better than Corvette, you could still buy a new one.
The Corvette is still the best American sports car. In production continuously since 1953, and you can still buy one for under $50K. The Ford GT was an extremely limited production copy of an exotic race car, and hugely expensive to buy and maintain. If it were better than Corvette, you could still buy a new one.
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