Curious as to the type of owners we have on these boards. These cars after all are not cheap and farrr from practical. I'm posting a poll so that the answers can be as open or as anonymous as y'all would like.

In US dollars, what is your household net worth? That is, everything your household owns minus everything your household owes.

 

The poll is somewhat flawed - is it really an assessment of the net worth of an F-Type owner or the net worth of someone who regularly visits this forum ? If I had several million, would I be here ? I don't know....but it makes the demographic seriously skewed.

 

I think you will find no correlation between wealth and automotive enthusiasm.

 

Maybe not from that standpoint, but it certainly doesn't represent age well. Net worth is built over a lifetime working. I bought my F-type at 25 and certainly haven't built up the net worth that someone at 55 with a fully funded 401k and a paid off mortgage would have. Yearly income might be a better indicator.

Having just upgraded and put about 15k into my garage in the last two months, i doubt i'm above zero all things considered, even thought I don't owe anything on the F-type and have a stable savings account.

 

Net worth is also not necessarily a good indicator of financial state. I know very little about finance, but I do know that a retiree with a net worth $500,000 is not in a better position as a 35 year old with a negative net worth but who has a great cash flow. You will likely see this in these people who are buying f types in their 20s/30s.

 

Yes I am sure there are a lot of profiles here. Some with good income but little net worth because of high debt, some with very high net worth a several expensive cars, some with good assets but not necessarily a lot of cash.

I am in my 50s I have a solid technical net worth, but the vast majority of it is equity in a house and retirement savings.

 

Why not? A million dollars really isn't that much money anymore and it's clear from many members' stables that they are definitely in the "high net worth" catagory. I have several friends with extensive car collections with a dozen cars or more worth over $100k each.....they are just as passionate about their cars as a man of more modest means....


Dave

 

wow. the financial dick flapping usually gets reserved for the buy vs lease threads....

 

I thought about hitting the $1 million button because when I'm driving in my F-Type I feel like a million smiles, ie mean bucks ;-)

TLDR: It's a pointless poll IMHO

 

^This.

 

Just buying an ftype could put some guys in the "behind" category. Lol..

Agree that net worth is inconsequential. At 25 I had more $$$ in toys than I do now. But my net worth is more now. Toys and net worth rarely equate..

Did I just call my ftype a toy?

 

uncalled for; the only reason I participated in this thread at all is that it was anonymous. I made zero inference about my own net worth, nor would I. My point was only that the people I know with high net worth are just as passionate about their hobbies as someone on the other end of the spectrum

Cheers,

Dave

 

Knowing rather a lot about Finance, I'd say neither one should be buying a F-Type.

 

I would like to see an income poll like this. (I would if I knew how to set one up).

Agreed net worth can be deceiving, but also agree that it is just a harmless poll and should get people worked up.

i must agree with a previous post....as I too am familiar with finance, (been an advisor for the past 10yrs), it is difficult to "justify" any vehicle at 100k price point...but as we all know, these type of vehicles are not purchased for practicality, nor are they "investments" (just look at what he used R are selling for...as bad at the 2008 stock market).

Anyway....let me know when the income poll is setup .

Makes my head hurt to think there are people with 100k cars and a negative net-worth.🤔

 

I agree with the previous two posters though I'd think that income becomes more of an issue if you're leasing or borrowing and net worth might be a better indicator of affordability if you're purchasing.

I also agree that the F type is a horrible investment. I sold a classic car that was appreciating every year and bought an F type that is depreciating every year at an even more rapid rate.......very poor decision from a purely financial perspective but you only live once I suppose

Cheers,
Dave

 

From a joy per dollar standpoint, the F-type is a great investment.

 

+1

 

My reaction to this poll:

Everyone who has less money than me who owns an F-Type is fiscally irresponsible!

Everyone with more money than me who owns an F-Type is basically the guy from Monopoly.

 

I think this poll is right in line with the owner demographics of any car in the F-Type price range. When it comes to vehicles in this bracket, the ownership group skews toward older.

Approximately, 60% in this poll reported a net worth over $1M, and I'd bet 60% or more of F-Type owners are over 40. If one's net worth isn't increasing along with age, that's not good.

 

Well said. ....my net worth decreased suddenly about 9 years ago when I got divorced.....and you're right: it wasn't good! LOL

Cheers,
Dave