It sounds like you’re riding a serious wave of buyer’s remorse after a high-octane “YOLO” moment. At 32, with no debt and a solid savings track record, you’re in a position many would envy, but that doesn’t make the “half my life savings” pill any easier to swallow—especially when real estate investment and long-term financial security are weighing on your mind.
The $10k Mistake? Balancing Luxury EV Dreams with Financial Stability
Navigating the world of high-end electric vehicles (EVs) often leads to a clash between emotional desire and rational wealth management. For one 32-year-old investor, a “YOLO” moment at the dealership resulted in a significant vehicle deposit that now threatens their home ownership goals and portfolio diversification.
After spending seven years building a robust savings account, the allure of premium automotive interior design and cutting-edge tech led to a snap decision. Now, with the cooling-off period likely expired, the focus shifts to contract rescission, deposit recovery, and the opportunity cost of a luxury car loan versus a mortgage down payment.
The story:
Regret putting deposit on a car costing half my life savings, anyway to refund?
I put down the deposit in late jan… so 7 days cooling period wont apply?
Been thinking about the big ticket purchase and having second thoughts cos it took me about 6-7 years to save up the amount.
Test drove the car and it was really a yolo moment. Its a cool car but i could have put that money towards a house downpayment.
Now the rational me is beating up the yolo side in me. I’m pretty sure i will enjoy driving the car a whole lot but I’m doubly sure ill enjoy a larger house more.
I’m 32….single no loans or family commitments
Netizens’ comments
- Can sleep well tonight….you took 6-7 years just to save the downpayment?
So many shit advice in this thread, enjoy slaving into your 60s- (OP) No 6-7 years is to save entire car amount. Dp is around 10k iirc
- sorry for asking but what car is it? im curious
- (OP) Its an ev car with one of the nicest interiors. And yes i topped up for the interiors cos the test drive car was that spec…
- Unless you think you’ll have problems paying the monthly instalments, perhaps just lean into your original decision and enjoy the drive when the car arrives.
Life is short, you won’t be able to take all your savings to the grave anyway… might as well spend some of it when you’re relatively young and have no commitments yet.