Exotic cars from famous luxury brands like Ferrari, Lamborghini and Porsche are more likely to retain their value over time than regular cars and therefore represent a better investment. While most new cars depreciate significantly in the first few years of ownership, many exotic models actually appreciate as they age. For example, a In the late 1980s, a new Ferrari F40 sold for about $400,000. But 30 years later it can now fetch over $1 million at auction.
Limited production operations and Iconic styling of exotic cars making them sought-after collectibles. Choosing the right model to buy can lead to strong resale value in the future.
The fewer miles, the higher the value
One of the biggest factors in an exotic car retaining its value is low mileage. Exotic cars that are rarely driven and well maintained can fetch more than models with average mileage. For those looking to purchase an exotic car as an investment, finding one with less than 5,000 original miles is ideal. Cars should be stored in a climate-controlled garage and driven with care to minimize wear and tear.
Completing all recommended maintenance and keeping detailed repair records will also help keep your car's mileage low. The lower the mileage, the higher the potential resale value.
Appreciation of limited edition models
Limited edition exotic cars almost always appreciate in value compared to standard production models. automakers like Ferrari and Porsche Special limited edition cars are usually produced with unique specifications, unique color schemes and consecutive VIN numbers.
For example, the 2015 Ferrari Sergio is limited to 6 units, with a starting price of $3 million. Just two years later, it Valued at US$5 million.
Due to their exclusivity and low production numbers, limited edition exotics tend to be in high demand from collectors, driving up values. Buy a new limited edition exotic for the chance of higher appreciation over time.
Owning an exotic car offers a unique experience
In addition to the financial benefits, owning an exotic car provides a unique experience and additional added value. Exotic car owners can often attend private events, rallies, and car shows where they can network with other enthusiasts and display their cars. These money-can’t-buy experiences create lasting memories. Exotic car clubs also organize driving tours and track days to allow owners to properly exercise the capabilities of their cars. This kind of visit and the connection that is created often strengthens the owner's emotional attachment to their vehicle.
While it's difficult to quantify, the experience and joy that comes from owning an exotic car contributes to its value.
Things to consider when buying an exotic car
- Choose limited production or special edition models as they offer the best value.
- When evaluating a car, prioritize condition and service records over mileage.
- Have your car inspected by a trusted mechanic before purchasing.
- Invest in appropriate storage facilities, such as a climate-controlled garage.
- Be sure to use exotic car transport company Delivery of your new car.
Things to consider when buying an exotic car
- Don’t go over your budget just for name brand appeal.
- Don't neglect regular maintenance and repairs.
- Don't rack up excessive mileage or make extensive modifications to the car.
- Don’t rely on your car as your only means of transportation every day.
- Don't expect exotic ownership to be hassle-free and free.
Due to their limited availability, prestige and the lifestyle they bring, exotic cars can make for valuable investments.
