Thread 28552826

Is buying an absurdly expensive limited car a good investment?

Yes, but not that one.

>>28552826 (OP)
NO

>>28552826 (OP)
Of course not.
Fortunately for you, it's not something you need to trouble yourself thinking about.

>>28552826 (OP)
Yes, no, and maybe. Nobody really knows if a supercar will appreciate in value over time that exceeds inflation and traditional market gains.

I think its every hyper-luxury car (Rolls, Bentley, Maybach, et.al) are expected to fall off in value because the only people buying used luxury are broke people wanting to appear wealthy.
Super high performance cars -might- appreciate, it just depends how autistic the market get. McLarens ironically drop in value despite being the beginners super car; its expensive and built by morons (the british) so everything will break on it, and that everything costs so much more than every other manufacturer for no reason.
But an actually special halo car from another manufacturer? They probably will go up in price. The next flagship Ferrari will sell out before production starts, and you'll see them being sold a few years later for more than was originally paid provided those with money haven't lost money in the last year on everything else.
Ford GTD lost the record already, that $450k car will probably still be $450k or more 5 years from now because its a super special halo car. No its not a GT, but they don't make the GT anymore. Those are highly sought after too because they're good, perform well, and aren't ludicrous to repair when shit breaks on them. Plus everyone knows they're good cars, its the market conditions promoting higher prices of the car.

>>28552826 (OP)
a 6 cylinder 'supercar' isn't going to appreciate

>>28552826 (OP)
if you just want it to get pussy, you could go to thailand and spend a fraction of the price.

>>28553277
That's pucchi, not pussy

>>28553261
>GTR
>Ford GT
>That one Lancia clone built from a Ferrari
>basically most of the high end porsches now
>Jaguar XJ220
>Acura NSX
>Maserati MC20
>Ferrari 296GTB
>Mercedes AMG ONE
>Aston Martin DB5
>Lotus Evora
Did all of these depreciate?

>>28552826 (OP)
Really depends on the potential of becoming a collectable.

>>28553345
Which ones of those are even supercars?

>>28553355
Sorry, let me add another you may be familiar with
>honda accord (v6)

Have F40s peaked?

>>28553345
>big list of depreciated shitters
911s, first gen nsx, gtf, and db5 are are not super cars.
try again.

>>28553817
No, now its your turn to list off all the V8, V10, and V12 supercars that depreciated.

>>28553817
An LP5000 Quattrovalvole costed $118k new in 1985 (source: https://www.supercars.net/blog/1985%E2%86%921988-lamborghini-countach-lp5000-qv/ )
That's $560k adjusted for inflation (source: https://www.in2013dollars.com/us/inflation/1985?amount=188000 )
LP5000 Quattrovalvole are now selling for $530k to $650k. That's if you drove the car less than 500 miles a year for the past 40 years (Source: https://www.classic.com/m/lamborghini/countach/lp5000-quattrovalvole/ ).
On the other hand, if you had invested $118k in the S&P500 in 1985 and kept reinvesting the dividends you'd now have $8.2M (source: https://ofdollarsanddata.com/sp500-calculator/ )

Cars have appreciated significantly from their used value floor, but they are not a good investment new (and maybe not even from their floor value, you may want to check).
Also: I didn't take into account maintenance costs.

>>28552826 (OP)
A car you own is a liability. Storage, insurance, and maintenance eats up most of the opportunity cost. Depending on where you live you my need to pay property tax on the car. Car collecting has historically been one of the worst investments unless you own some crazy true one of one like Hitlers car or something. You "one of one" boomer board car trash need not apply.

Also you end up dead some day and someone else enjoys the car you kept bubble wrapped for 60 years.

>>28553345
I think you underestimate how many people are keeping cars parked planing to sell them in 30-50 years for retirement. Just look at most pre-war cars, boomers cant get rid of them. That is the future of most of the modern cars people are holding on to today. And those pre-war cars you can actually keep running because no plastic or computers.

>>28553817
yeah the ford gt, i picked one up for cheap

>>28552826 (OP)
only if it's an investment in your happiness. drive the fuckin wheels off and enjoy it, and yeah it's a great investment. keep it in a garage (that you pay for) and only drive it enough to keep the rubber from rotting immediately and it's a terrible investment

>>28554040
>I think you underestimate how many people are keeping cars parked planing to sell them
See pic related.
No, no I don't. There are a lot of "enthusiasts" doing that today. I can see this as a representative on craigslist. Boomers selling their 50th anniversarry california package with 1 of 4 dealer installed ceramic window tint and wheel lock option for more than current MSRP because its never been exposed to UV rays and the tires have never gone below 30psi. These fucking morons really think "investment vehicle" meant it must be a vehicle of investment grade.
>boomers cant get rid of them.
Correct, because nobody wants them. Theres a very large trend graph for every vehicle. A 1930's Hudson or Cadillac at one time sold for big money because thats what people of that era grew up yearning for. Today you basically cannot give them away because nobody but ancient boomers even know what they are. You and I watched that trend line happen to 60's and 70s muscle cars. Only enthusiasts want the cool models, nobody gives a shit about a 1968 Honda Civic because nobody in their 20s today could identify one and think its cool. This is further evident with late 70s, 80s, and now early 90s OBS trucks. Those sell for big money because kids that grew up riding in them now have money to buy them. Thats the entire hype-cycle for cars. You grow up remembering cool shit from 20-30 years ago, now that you have money, you pay big money for nice examples of them.

Idiots using "special" cars as investments deserve to lose every penny they parked into them.

No. The world is in rapid decline because of brownification. There won't be any decent streets to drive that thing on in 40 years.

>>28554040
>those pre-war cars you can actually keep running because no plastic or computers.
They most certainly do have plastic, shitty wiring, thin metal, and unobtainable parts. You're a wrenchlet talking out of your ass on the internet if you think ancient cars are easy to fix because there are no computers.

>>28554040
random unfindable plastic shit has been solved by 3d printing

>>28552826 (OP)
kinda? it really depends look at carrera gt enzo prices nowdays, if you bought these cars when new you would make a profit
but thats over 2 decades
better to invest in real estate

>>28552826 (OP)
>investment
Cars are almost never an investment, they're a liability far and wide.
>but muh ultra hypercar
Yeah, that might APPRECIATE, but are you actually making money on it? You're spending an assload on insurance and storage for it, plus most likely financing it. Unlikely that it's actually even keeping up with inflation.

You have to buy the right car at the right time for it to be an investment, you can't just go buy [INSERT SUPERCAR THAT HAS APPRECIATED] and expect to actually make any money.

>>28554856
>better to invest in real estate
Bingo. Car market is really speculative. Was it the F355's people loved initially but now that they've aged they're known fire hazards so they're basically depreciating even with "dealership fixes" of the shoddy fuel system?

>>28554903
Insurance for something you are going to keep stored is pretty fucking cheap actually
But you can't drive it without getting raped in court

>>28554912
If you aren't even driving it then it's an even worse investment. You would make far more money buying real estate with that gigahypercar cash. If you're driving it at least you can say "well it's a crappy investment but I'm still enjoying it". If you aren't driving it you aren't enjoying it and you aren't making money, double fail.

>>28552826 (OP)
They make for great tax-free "gifts" if your billionaire friend doesn't want another painting.
Aside from that, they're not worth the money whatsoever.

>>28554912
>>28554916
You're both morons. People with car collections basically have 1 policy that pools the entire risk together. 1 car might cost $2000 per year to insure. 10 cars might only cost $7500. 100 cars again might also cost $20,000.

>>28554934
Who said anything about collections? OP is talking about a single car, learn english ESLjeet

>>28554959
>Who said anything about collections? OP is talking about a single car, learn english ESLjeet
Yeah, I'm sure OP is buying just 1 single hypercar concerned about the cost of insurance, storage, maintenance, and other shit you doofs think matters to wealthy people.

Try using your brain for once and recognize a supercar owner rarely if ever just owns 1.

>>28554856
Still a bad investment.
Carrera GT, price new in 2003
$440k according to https://www.supercars.net/blog/2003%E2%86%922007-porsche-carrera-gt/
$390k according to porsche: https://www.porsche.com/stories/mobility/the-legend-of-the-porsche-carrera-gt-a-classic-sports-car-inspired-by-le-mans/
I'll use $400k for the calculations as a happy in-between
$400k from 2003 are now the equivalent of $700k due to inflation https://www.in2013dollars.com/us/inflation/2003?amount=400000
Carrera GT now sell for an average of $1.4M https://www.classic.com/m/porsche/carrera-gt/
From $700k to $1.4M.. you doubled your money (adjusted for inflation)! Good investment?
If instead you'd just invested in the s&p500 you'd now have $3.4M, with continuous dividend reinvestment. That's almost 5 times the money (adjusted for inflation).
And the carrera gt is an exception. The SLR McLaren also sold for about that price new at that time, it now sells for $400k-500k. And let's not forget in 20 years you've spent more than $100k (nominal) in maintenance.

Buy a supercar if you want because you like the looks and how it drives and sounds and whatever. But it is not a good investment.
If you want the best of both worlds buy a used supercar that you know you'll be able to sell in about a year for approximately the same amount. Drive the shit out of it, look at it in the garage, have fun, sell it, then invest in the s&p500 and wait.