General Question

andrew's avatar

How much do ultra-luxury cars depreciate?

Asked by andrew (16562points) March 13th, 2008

We all know that a 2009 Camry loses half of its value when you drive it off the lot, but how about cars in the $100K range, like Porsches, Teslas, Aston Martins, and Bentleys?

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7 Answers

cheebdragon's avatar

Value will go back up when it becomes a classic car, all of the greatest cars from the 50’s and 60’s are worth 3x (at least) of the original sales price.

andrew's avatar

So when is the break even point? 20 years?

Randy's avatar

Probably sometime around that point. I’m thinking that’s why they are called investiments. You buy it, but to come out on top, or at least even, you have to wait 1/4 your life. At least you get some good use outta them in that time.

Poser's avatar

A car is a poor investment. It’s a great expense.

Eight's avatar

Buying fully depreciated luxury or high-performance cars can be a great way to upgrade your ride. For example,you can buy a perfectly functional Rolls-Royce or Ferrari for 40K, drive them for six months, sell them for what you paid; repeat with a Porsche Carrera or Aston Martin. Your biggest expense will be insurance and possible repairs.

TrenchMouth's avatar

Depends on who drives it…

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