The tale of overextending on a used sports car, only to have the thing become a parasite on your finances, is a familiar one for many enthusiasts. It is also one that Hilton CEO Chris Nassetta has some past experience with, centered around a Porsche 944 purchase during his 20s, which he calls the worst financial decision of his life. The details of the story come by way of an interview with CNBC, and take us back to the 1980s.
The problems only escalated from there, with the young Porsche owner unable to keep up with the expensive service bills. “It nearly broke me,” Nassetta said, CNBC Make It reports. “I spent all my money on that stupid car.”The Porsche would only stay in the garage for around 18 months before Nassetta had to move on from it, vowing to never purchase another sports car again. That reaction is probably a bit extreme, especially considering how robust many modern platforms truly are.