Hilton CEO Chris Nassetta says buying a black Porsche 944 for $20,000 was the worst purchase he ever made—especially because he made $17,000 a year at the time.
That's because buying it in the first place was his worst. He was in his 20s and fresh off a breakup when he saw the sleek model in a used car lot near his home in Arlington, Virginia. He had a third party ensure the car and the deal were legitimate, then paid $20,000 for it, taking out a loan to cover part of the cost.In retrospect, it was a bad decision from the start, Nassetta says: He was only making $17,000 per year at the time.
Today, a Porsche 944 can be worth upwards of $30,000, depending on the year and condition, according toBut Nassetta sold his car just 18 months after buying it, and maintains it was his worst spending mistake — and the last sports car he'll ever own. Sports cars are both a popular purchase and a common regret. Ex-NBA star Dwyane Wade, for example, told
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