-
What Cars Are Great Investments
Cars in general depreciate. Mass produced cars such as sedans, pickups, mini-vans, SUVs, convertibles, and daily drivers will lose up to 30% to 40% of its value the minute they leave the dealership. From there on cars will depreciate and in about ten years it will be worthless. Some decked out pick up trucks and sports utility vehicles can surpass the $100,000 mark. A Dodge RAM TRX and Ford Raptor fully loaded can cost over $110,000 brand new. However, after five years, these luxury trucks will be worth less than half of their MSRP. After ten years, these trucks will be worth $20,000 or less. On the other hand, there are limited edition exotic cars like some Ferrari’s and older vintage vehicles that are worth hundreds of thousands of dollars. A Ferrari Testarossa sold for $50,000 price range in early 2000s all day long. Ferrari Testarossa was mass produced so the price was stagnant for over a decade and was not budging. However, today, Ferrari Testarossa is selling for close to $200,000. Same with older Ferrari’s such as the Ferrari Dino and the Ferrari Boxer. The Lamborghini Miura is selling over a million dollars. The Ferrari Lusso is a multi-million dollar car. The Mopar muscle cars are selling over six figures and some that has been restored in the mid to upper six figures. So what type of vehicles can you get for an investment. So what cars are the next winners? I say the Ferrari 599 GTB, the Ferrari 812 Superfast, the Lamborghini LP 640 hard top and convertible, Lamborghini Diablo Roadster, and the 1968 to 1973 Chevrolet Corvette Convertible.
-
1 Reply
-
2007 to 2012 Ferrari 599 GTB is hands down the best investment if you are looking to invest in Ferrari exotic cars. CE stock big block corvette convertibles are the best American sports car that is priced reasonably. I think the 1987 to 2005 Porsche 928 S4 is a great 👍 investment if you buy the right car. Porsche 930 Wide Body Turbo is another amazing investment if you buy it under $100,000. C2 Corvettes have already skyrocketed in value and can be a long term good investment.
