Is It Worth It to Buy a Sports Car?

Let's be honest. The only drivers who need sports cars are those who earn a living by winning races with them. The rest of us are hobbyists or car enthusiasts. If you're strict about your finances and your life's organization; no, it's probably not worth it to own a sports car. But who's really that scrupulous about their finances? Everyone has to have a little fun sometimes. Maybe you want to get your kicks by commuting in a Corvette. Nothing wrong with that. If you're on the fence, think about these questions.

Do you have other hobbies?

What gets you going? Do you regularly take part in any recreational activities? Is the sports car going to be a third or fourth hobby? If so, maybe its not necessary to go for it. On the other hand, if cars is the only hobby you really love, it's probably a good idea to satisfy your desires. You only live once. Just make sure whatever you do isn't going to put you in financial trouble. That brings us to the next question.

How's the financial situation?

If you have any doubt about whether you should spend money to purchase and maintain a sports car, you should audit yourself. Add up all your bills, designate money for emergencies and then calculate your disposable income (Ideally, you're putting some money aside for retirement, the children's college, etc. as well). If you don't have any leftover funds or if you have very little, try to find a sports car that's affordable to own or settle for something that's not sporty but nonetheless likeable and enjoyable.

How slow is too slow?

You probably know there's a huge selection of sports cars on the market. They range from under 200 hp to upwards of 600 hp. Prices are from around $20K to a couple million. Decide which tier of sports car will float your boat. At the lower end of the spectrum, you'll find cars like the Nissan 370Z and the Subaru BR-Z. At the next step up are muscle cars and race-spec imports like the AMG series and the Challenger Hellcat. From there, it gets expensive; Ferrari, Aston Martin, etc.

Take a look around and choose a tier that suits you without breaking the bank. Yea, money is a theme here. It has to be. You just can't ask "is it worth it to buy a sports car" without talking about money. If the tier you really want can't be attained without borrowing money or spending your retirement savings, revisit a lower tier or settle for renting a sports car during vacations.

The Next Steps

If you have determined it's not time for a sports car, you can always revisit the possibility later on. Maybe it's a retirement goal. Never give up on your dreams. However, if you've determined that it is indeed time for a sports car and you know what you want, it's time to get quotes from your local dealers.

The easiest way to compare offers is to request quotes online. Here at CarLeasingSecrets.com, our quotes are free. Dealers make generous offers in online quotes because they know they'll be competing directly with the other dealerships in the region. It's in your best interests to get quotes from all the dealerships you can.

Click here to get your free, no-obligation lease quotes from each local dealer.