Chances Are You'll Lose Money If You Buy Cars As Investments

Classic Cars

But there is a secret to success. You're not going to like it.

Some people have the impression that buying old cars are good investments. In reality, the opposite is true. Sure, some cars, namely Ferrari and other exotic brands, do increase in value and owners have the option of making a nice profit. However, you need to be rich enough in the first place to buy into the Ferrari or whatever brand club. As Rob Ferretti points in this informative video for anyone considering taking the investment car plunge, when a car’s generation dies off, so does the value.

Will it go back up? One day, maybe. There are no guarantees, so the purchase itself is a risk. While one is waiting (rather hoping) for their car’s value to (maybe) appreciate, they’re forced to hold it. Congratulations! This means you need to spend money on regular maintenance and any other issues that may arise.

You Might Also Like
7 Hatchbacks That Are Better Than Their SUV Counterparts
7 Hatchbacks That Are Better Than Their SUV Counterparts
10 Cars That Started Life As Race Cars
10 Cars That Started Life As Race Cars

All the while, you’re losing money on your so-called rolling investment. What about driving your car? You could, assuming it’s running, but then you’ll be freaking out about every mile increase. The point of all this is that in order to make a small fortune when selling a collectible car, you need to start with a big one. As for Ferretti, he’ll be putting his 1,000-hp Toyota Supra up for auction at some undecided event later this winter. Oh, and by the way, just placing a car up for auction, such as this Supra, costs upwards of $7,000 whether the car sells or not.

Jaguar XE 300 Sport And XE SV Project 8 Create Modern Art

Two vastly different sports sedans that share a common thread.

All-New Revolutionary Mazda3 Teased Ahead Of LA Reveal

Along with its game-changing sparkless ignition engine.

WatchThe Extraordinary Nissan GT-R50 Being Built By Hand

It’s all about bending sheet metal the old-fashioned way.

Here's How Aerodynamics Make The Lamborghini Aventador SVJ So Much Faster

Take a behind the scenes look at this amazing system.

Fake Lamborghini Murcielago SV Reverse-Engineered By Iran

The Chinese couldn’t have done it better.

Hennessey Trackhawk Is World's Quickest SUV

That's what a thousand horsepower will do for ya.

5 Things You Need To Know About The 2019 BMW X5

After driving the car for the first time, here are our key takeaways.

Watch The BMW M2 Competition Lap The Ring In 7:52

That was supercar territory not long ago.

Kim Jong-un Gets Classy With New Ride

So much for sanctions.

What's Hot

Related Cars

Starting MSRP
$26,255

Related Reviews

2017 Toyota 86 First Look Review: Name And New Possibilities
First Look
31
2017 Toyota 86 First Look Review: Name And New Possibilities
2016 Toyota GT86 Review: Here's Why We Love It
Test Drive
28
2016 Toyota GT86 Review: Here's Why We Love It
2017 Toyota 86 Review
Model Overview
0
2017 Toyota 86 Review