Did you know that some new exotic sports cars increase in value? Unlike your standard mom-and-dad SUVs and sedans, which depreciate anywhere from 40% to 70% after the first five years, many rare exotic cars may actually fetch you more money than your initial investment over time. These supercars, when kept in absolutely pristine condition, can eventually turn into a collector’s item, like the Bugatti Divo.
In that respect — can buying a supercar be an investment? Absolutely. However, finding such a sports car is no small feat; you’d have to be lucky enough to nab one of the limited edition models to really see your rare exotic car’s resale value shoot through the roof. If you’re not friends with Lady Luck and not uber wealthy, you may have to get creative when buying at a supercar dealership
Braman Bugatti Miami may not be Lady Luck, but we’ve been doing this long enough to know how the cookie crumbles. So, we’d like to help you out. As you begin your Google search for “affordable exotic cars near me,” take these 5 tips, tricks and pieces of advice to heart. Best of all, there’s no subscription needed for these legit exotic car hacks, either! Simply read ‘em and weep reap the rewards of being a savvy supercar shopper.
5. Find used exotic cars for sale
If you can’t buy a new supercar twice, with cash, and have money left over, you shouldn’t buy it once. That’s a good rule of thumb. Exotic car leasing is a better option in those instances, but the best investment would be to shop used. Many of the pre-owned exotic cars you’ll see are much more affordable low-mileage leases – which would be an excellent investment for you since you’re less likely to find yourself upside down on an exotic car loan. (Buying a vehicle under its value is always a smart decision, whether it’s a used Bugatti Veyron or a beat-up Sonata.)
4. Search for exotic car brands that were popular 20 years ago
Twenty or thirty years ago, what supercar brands were most popular? Which vehicles were teenagers salivating over? It’s likely that those vehicles and brands will increase in value as those teenagers, now in their thirties and forties, will want to own. If you can get the keys to one of those vehicles, its value may climb. Take the Bugatti Veyron 16.4, as an example. When it won Top Gear’s “Best Car Driven All Year” award in 2005, its poster started adorning boys’ rooms from Miami Beach to San Diego. Now? Its appreciated in value by about 50%, with potentially more to come.
3. Identify a model nearing the end of its “depreciation curve”
If you can’t find a supercar that’s appreciating in value, the next best option is to find one that’s already hit the bottom of its depreciation. This is the used exotic car’s sweet spot, so to speak. Usually, you’re looking at vehicles that are 5 years or older, though this is fluctuates based on exotic car brands, models, rarity, and model year releases. It’s best to create a list of vehicles you’d like to own, then keep track of their current resale or Blue Book Values to monitor this depreciation trend.
2. Find those (legal) tax loopholes
Now, we’re certainly not suggesting that anyone to break the law when buying an exotic car. What we are recommending is this: research car buying loopholes that are available, then take advantage of them to reduce your out-of-pocket costs. Some car shoppers may avoid Uncle Sam by registering as an LLC in another, tax-free state, though this tactic is far from ethical and could very well land you in hot water, both legally and financially, so beware. (Some states, like Florida, are beginning to crack the whip on these shady practices.)
However, you can legally purchase the exotic car as a business or fleet vehicle, which allows you to write off a portion of its use (in mileage) to lower your taxable income. We advise you to speak with a tax professional for more detailed information – we just sell beautiful, gorgeous, stunning supercars in Miami.
1. Fly south to avoid rust and corrosion
Anyone living in places like New England will tell you that the winter season absolutely tears up cars. When you choose to buy a used exotic vehicle, it may be worth your time and effort to buy from an exotic car dealer further south, like Braman Bugatti. When you buy a pre-owned supercar in Miami, there’s less risk of hidden rust damage caused by road salt. Just drive it back up north, keep it in good condition, and you should enjoy it for many years to come.
