Can buying a performance vehicle be an investment?
Do performance vehicles go up in value after purchase?
Everyone is looking to make investments these days. Whether you are putting small amount so money into the stock market or making big plays in property, there are countless ways to make money. What about performance vehicles? Do performance vehicles go up in value after purchase? At Aristocrat Motors Lee’s Summit, we’ve seen more than our fair share of performance vehicles. We can provide a brief primer on how to navigate the waters of performance car investing. While you are here, feel free to check out our pre-owned inventory by clicking the link below.
Are performance vehicles depreciation proof?
If you thought you could dodge depreciation in the performance car market, think again. You may have been watching car auctions and seen the classic cars that could have once been purchased for a few thousand dollars now reaching for hundreds of thousands, but even that will not last.
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The people who value the muscle cars from the ‘60s and ‘70s are looking for places to put their money. They are not typically trying to make an investment, but rather recapture a piece of their youth. The market for these cars will inevitably go down, just like it did for Model Ts. There will always be enthusiasts, but when it comes to performance cars, these high dollar amounts will pass.
Advantages of buying a pre-owned luxury vehicle
Can you invest in a modern performance car?
Modern performance cars are certainly a different market. Most will still drop in value the second you drive them off the lot, but some will make that value back as they become more appreciated by enthusiast communities especially if they were rare cars to begin with. What it comes down to is supply and demand.
Unfortunately, knowing the supply can be difficult for most vehicles when they are new, unless specifics have been announced, and knowing demand, especially demand 5 or 10 years down the road is all but impossible. This doesn’t mean that you should avoid performance cars, but rather that you should seek them out for their thrill and not as an investment opportunity.