12-15-2016, 03:55 PM | #15 | |
"M1SS1LE"
Drives: 2017 SS 1LE Join Date: Dec 2015
Location: Upstate SC
Posts: 2,906
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No one here is buying these cars for investments and if they are its crazy because by the time these cars are worth any (if ever) they will be old men with 40+ year old cars with essentially no miles on them because they refused to enjoy them because it would ruin the value. I'll never understand the arguing about which car holds its value better. Stop looking at car's as an investment and enjoy them the way they were meant to be. Think how sad it is for the people that bought 2007 GT500's and kept them as garage queens. They never enjoyed the car's performance and now its old tech and performance specs have pushed it pretty far down the food chain. For what?!
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12-15-2016, 08:44 PM | #16 | |
Drives: Many Join Date: Sep 2016
Location: Colorado
Posts: 220
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New cars are one of the most expensive things you'll ever buy. You won't make money on one except in a few special cases, but you can sure lose a lot of money in a very short period of time if you buy something with poor resale. Ask any Cadillac or Lincoln owner. If you are really interested in making money, you buy a used sports car that was limited production, had a huge buzz, but is currently not "hot". I work with a guy who bought an Acura NSX for $20K in 2009. Those are now $40K and up. Another guy daily drives (even in snow) a late-80s 911 Turbo convertible. I asked him why on earth he did that, and he said he only lives 5 miles from work, and he couldn't justify buying a car that would depreciate year after year even though he barely drove it. He said it is now worth $20K more than he paid for it 10 years ago even though it has a little rust. It can be done, but you have to find the right car and have a bit of luck. As expensive as they seem, getting a GT-R with under 40K miles for under $70k is probably a no lose deal in the long run. They fit the profile: huge buzz, low production, prices level off once they are five or so years old. Lotus Elise is another that has bottomed out and is now rising. The C5 Z06 is probably not going any lower, either. |
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12-16-2016, 09:32 PM | #17 | |
Drives: 2017 Corvette Stingray Grand Sport Join Date: May 2015
Location: Dallas
Posts: 143
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