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Originally Posted by Minte
True,a 3 year old 360 is about the same cost as the new 911TT.But consider that the list new on the 360 was around 200k+ they've already lost 45% of their value.
All that being said, buying an exotic car is not about making sound financial decisions.It's about because you want it.
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you're right, it's the price of love.
I manage highline automobiles and i laugh every time someone says that they are investing in an automobile.
I've made investments in aircraft and automobile positions, but even those are very risky.
Just look at the Vesuvius Range Rover. #3 sold for $120k on ebay back in mid 2005 and there's 15 people in line right now at the local dealer to get one for $75k. If they take delivery of the car they are in it for $82.5. Meanwhile there's a guy on ebay that just sold one for $80k. He still lost money on it even if he did sell it for $5k over sticker.
The smartest guy in vehicle investment is Nellie Jackson. She makes money no matter what it is sold for.
For every buyer there is a seller and the true value of anything is what someone else is willing to pay for it.