Is a Testarossa a good investment? What other classic cars in that price range should I consider?
Is a Testarossa a good investment? What other classic cars in that price range should I consider?
Wyatt Brooks
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Ethan Watson
F355 with a gated manual would be better. Testarossa has that nostalgia factor, but an F355 has the performance to boot
Blake Allen
>good investment
no one is going to want a Ferrari from two or more owners. Do what boomers do and buy one new and keep it until you're just about dead and then spend your money on your medical bills
Grayson Miller
Will modern Ferraris still be worth much down the track? I am open to getting a modern Ferrari/Lamborghini/etc if this is the case
Kayden Campbell
>Will modern Ferraris still be worth much down the track?
idk lmao, that's why getting supercars is considered an investment and not guaranteed money
Daniel Lewis
just keep in mind that the cars that hold their value the best are the ones plastered on kid's walls
pic related
Bentley Nguyen
Fair enough, I am just fairly new to quality cars and am looking to purchase one now I have the means, sorry for the ignorance
Any quality cars you like personally that you think I should look into?
Jason Gray
I am not going to tell you, I don't want to possibly lead you down the wrong path. This is for you to figure out. Just look at what kids are into now, when they grow up, they'll want to buy one
Chase Cruz
As much of a douche as Rob Ferreti is, he explains why "investment" cars are usually a bad idea unless you're rich enough to eat the $100k loss anyway.
youtube.com
He explains it from super cars, to vintage, to whatever. Buy a car you like, and you'll enjoy it. If it holds its value or goes up by the time you want to sell, great. If it goes down because there isn't a market for it, it doesn't matter because you've enjoyed the car.
Everyone got their dick hard about the McLaren F1 still in its factory wrapping and that guy made a fucking killing off selling it. It could have gone the other way; pay $1mil for the car, and because it could have ended up a piece of shit, only sold for $100k 20 years later even after never driving it.
Joseph Bailey
Thanks for the advice guys, it has been very helpful. I guess ideally then I will go for a car that I will be able to enjoy even if it doesn't hold its value.
Can you recommend some personal favourites of aesthetic supercars? Just so I have some reference points and incase its something I wouldn't discover on my own, cheers
Ryder Green
through taste and knowledge, you will learn to weed out future classics from the shitboxes of tomorrow
Josiah Brooks
>future classics
like the kia stinger?
Aaron Peterson
the new flat plane Shelby GT350 is a surefire hit, or a Porsche 911R
Logan Roberts
LC500, friend
Carter Powell
Are you looking for modern 2005+ cars, or 1990+ what? Whats your price, what do you like?
For an every day man's modern supercar, I would definitely get a GT350R, GT-R, Alfa Romeo C4/C8, hell even a Corvette ZL1. The problem is these are all $100k+ cars.
Alternatively, I'd also love a restomod 1954 Ford Pickup. A barn-find chassis restored with a TT Coyote engine.
With enough money you can buy and do anything. If you're on a budget, your options are limited and with cars, you should expect to lose at least 50% of that money (even if you don't). Its why I suggest you find a car you like and will enjoy.
Liam Russell
honestly we're in a golden age of automotive investments. i don't care what anyone says
599 GTB Fiorano with a 6-speed stick 799,000 asking price
dupontregistry.com
2006 Ford GT 299,000
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Porsche 911R 399,000
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Ferrari LaFerrari 3,700,000
of course not every single little sports car is going to be skyrocketing in value, but there is a huge surge in the pricing of rare sports cars since people are trading them like commodities nowadays.
Lincoln Rivera
>since people are trading them like commodities nowadays
What happens when that stops? When the billionaires stop seeing them as investment vehicles (pun not intended) and that $3.7mil Ferrari turns into a $1mil pretty car? Also, those are asking prices and sometimes after they go to auction they get a fraction of asking, and the seller pays exorbitant fees just to auction it.
>of course not every single cryptocurrency is going to be skyrocketing in value, but there is a huge surge in the pricing of bitcoin since people are trading them like commodities nowadays.
See the analogy? OP isn't some futures wizard on the price of expensive cars and won't know exactly what to buy or when to sell. If you suggested he buy a really expensive car that he can never drive because it'll "probably" go up in value, I'd say that increase in value isn't infinite and he's likely to lose his shirt over it. You can't look at a specific car, know it'll increase 300% over the next 20 years, and have a plan to sell it. That just doesn't exist for any car out there.
Nolan Powell
A good condition E30 M3 only increase in value each year. 20 years ago they were $15k now they are $40k-$60k
Jaxson Phillips
invest in stocks instead.
Josiah Howard
And you think that's just going up forever in perpetuity?
Gabriel Baker
Honestly something that just looks incredible and drives well would be ideal for me, being iconic is just a bonus. It doesn't have to be the best spec car every because I highly doubt I'll ever be able to drive at that level anyway.
I am definitely leaning more to Ferraris and Lamborghinis as those were the car's that defined my childhood idea of a supercar. I was looking at a testarossa or oldschool diablo but a considering more modern lamborghinis at the moment
Price isn't too important but under 250k would be a bonus
Logan Young
well, just look at 2008 when the stock market tanked and no one could afford to buy anything. for example, the ferrari enzo was selling for around $1.2m in 2009.
jalopnik.com
now you're paying at least $3m for one
dupontregistry.com
so when this bubble pops (and yes it is a bubble brought on by an overvalued stock market and an overly eager US administration) we get to see how far these prices drop
Lucas Fisher
already heavily invested in stocks, crypto and property. This is more a diversification and reward for my efforts
Evan Rogers
he should have invested in stocks a year ago. we're on the verge of a big 'adjustment'
Kevin Johnson
I'm not even memeing.
Christopher Adams
sorry meant to reply to OP above you.
Jackson Brown
Considering that bmw doesnt make chasis that light or small anymore...
Jeremiah Sullivan
or you could buy a superior S2000
Noah Foster
>I am definitely leaning more to Ferraris and Lamborghinis as those were the car's that defined my childhood idea of a supercar
Okay, So I'm guessing an F355 or F360 then.
Everyone has a gallardo so you could probably pick one up for cheap. A Murcielago would probably be over $250k.
Whatever you get, just keep $25k+ in savings for repairs or whatever. 2012 Maserattis are going for $35k because repairing them costs about that much. New convertable top? $22k. Need a fuel system? $9k. Ferrari AC went out? That'll be $6k to repair.
Wyatt Walker
Cars are tools not investments. After HCCI, former supercars will be like the carburated racers of old, classic but no longer beasts.