Exotic cars from prestigious luxury brands like Ferrari, Lamborghini, and Porsche are more likely to hold their value over time – and so represent a better investment – compared to regular cars. While most new cars depreciate significantly in the first few years of ownership, many exotic models actually appreciate in value as they get older. For example, a Ferrari F40 sold new for around $400,000 in the late 1980s but now can sell for over $1 million at auction 30 years later.
The limited production runs and iconic styling of exotic cars make them sought-after collector’s items. Choosing the right model to buy can lead to strong resale value down the road.
Lower Miles Equals Higher Value
One of the biggest factors in an exotic car holding its value is having low mileage. Exotic cars that are rarely driven and well cared for can sell for a premium over models with average miles. For those looking to buy an exotic car as an investment, finding one with less than 5,000 original miles is ideal. The car should be kept in a climate-controlled garage and only driven sparingly to minimize wear and tear.
Completing all recommended maintenance and keeping detailed service records will also help preserve the car’s low mileage status. The lower the miles, the higher the potential resale value.
Limited Edition Models Appreciate
Limited edition exotic cars almost always appreciate in value compared to the standard production models. Auto makers like Ferrari and Porsche often produce special limited run cars that feature unique specifications, exclusive color schemes, and sequential VIN numbers.
For example, the 2015 Ferrari Sergio was limited to just 6 units and had a starting price of $3 million. Just two years later, it was worth $5 million.
Because of the exclusivity and low production numbers, limited edition exotics tend to see strong demand from collectors which drives up values. Buying a limited edition exotic while still new gives the opportunity for even higher appreciation over time.
Exotic Car Ownership Offers Unique Experiences
Beyond the financial benefits, owning an exotic car also comes with unique experiences and perks that add to the value. Exotic owners often get access to private events, rallies, and auto shows where they can network with fellow enthusiasts and show off their cars. These types of money-can’t-buy experiences create lasting memories. Exotic car clubs also organize driving tours and track days at race circuits that allow owners to properly exercise their cars’ capabilities. This access and the connections made tend to strengthen owners’ emotional attachment to their vehicles.
While hard to quantify, the experiences and joy from owning an exotic car contribute to its value.
Do’s of Buying an Exotic Car
- DO opt for limited production or special edition models, as these hold value best.
- DO prioritize condition and service records over miles when evaluating cars.
- DO have a trusted mechanic inspect the car prior to purchase.
- DO invest in proper storage like a climate-controlled garage.
- DO use an exotic car shipping company to deliver your new vehicle.
Don’ts of Buying an Exotic Car
- DON’T exceed your budget just for name brand appeal.
- DON’T neglect regular maintenance and repairs.
- DON’T accumulate excessive mileage or modify the car extensively.
- DON’T drive the car daily as your only vehicle.
- DON’T expect exotic ownership to be hassle and cost free.
Exotic cars can make for worthwhile investments due to their limited availability, prestige, and the lifestyle they enable.
