Anyone got a spare £40k??

[john-e89]

I can't see the point of buying it - if you use it the value will tank. If you don't use it, what's the point of having it?

To make money on it...

I’d be interested to see it’s service history however.

Make money on it...maybe if you store it for 20 years perhaps and fetch a little bit.

Better to stick 40k on a deposit for a rental house, 60k buy to let mortgage, rent out @ £500-550 pcm, mortgage approx £220 interest only, make yourself £250 pcm after tax. Use that £250 to pay the mortgage on a 2nd house then fetch £500 pcm for yourself.

[R60BBA]

I can't see the point of buying it - if you use it the value will tank. If you don't use it, what's the point of having it?

To make money on it...

I’d be interested to see it’s service history however.

Make money on it...maybe if you store it for 20 years perhaps and fetch a little bit.

Better to stick 40k on a deposit for a rental house, 60k buy to let mortgage, rent out @ £500-550 pcm, mortgage approx £220 interest only, make yourself £250 pcm after tax.

Could do it that way but then you have stamp duty to pay.

Or with stocks/shares you have capital gains tax.

You could probably get a decent return on it in 5 years as opposed to 10 assuming you put no more than 3,000 miles on it.

Not saying I would do it but can understand why someone would buy a car such as this at that mileage.

[john-e89]

To make money on it...

I’d be interested to see it’s service history however.

Make money on it...maybe if you store it for 20 years perhaps and fetch a little bit.

Better to stick 40k on a deposit for a rental house, 60k buy to let mortgage, rent out @ £500-550 pcm, mortgage approx £220 interest only, make yourself £250 pcm after tax.

Could do it that way but then you have stamp duty to pay.

Or with stocks/shares you have capital gains tax.

You could probably get a decent return on it in 5 years as opposed to 10 and if you put 2,000 miles on it.

Not saying I would do it but can understand why someone would buy a car such as this at that mileage.

16 months would have the stamp and on costs paid, then it’s free sailing. Put the £250 to pay another mortgage then pull in £500 pcm for yourself for as long as you want the houses. Make a hell of a lot more than an M sitting there doing nothing. But let’s not get carried away, I see the appeal of it but you couldn’t use it, it’s a trophy car to look at or use for the odd show.