ilmscore | How Much Car Can You Afford: $30K vs $75K vs $265K Supercar

How Much Car Can You Afford: $30K vs $75K vs $265K Supercar

Published: 2024-07-25
Status: Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Prediction
Topic
Status
McLaren Artura (2023 model) is predicted to depreciate by 25% over 5 years, resulting in a yearly depreciation of $13,250.
"assuming a 25% depreciation rate over 5 years I think that's rather reasonable which means that our total depreciation for this car on a yearly basis is $13,250"
McLaren Artura Depreciation
Pending
McLaren Artura insurance cost for normal mileage (10,000-15,000 miles per year) is predicted to be $6,000-$7,000 per year.
"if we were actually driving this car with normal mileage it could be upwards of $6,000 maybe even $7,000 per year or more depending on your driving record"
McLaren Artura Insurance
Pending
McLaren Artura maintenance costs are estimated to be a minimum of $3,000 per year.
"we'll set the maintenance cost at $3,000 as an approximate estimate for now"
McLaren Artura Maintenance
Pending
McLaren Artura financing costs (assuming 10% down and 5-year term) are predicted to be $38,500 over 5 years, or $7,630 annually.
"your cost to finance it over 5 years is going to come out to $38,500 that comes out to roughly $7,630 per year"
McLaren Artura Financing Costs
Pending
The annual cost of owning a supercar like the McLaren Artura could be double ($62,770) or triple ($94,155) the estimated $31,385 if driven 15,000 miles per year.
"if you did drive a superar for 15,000 mi I could easily see our cost being double that or maybe even triple that depending on what you had to replace"
Supercar Annual Cost (High Mileage)
Pending