Track Car

Rich Car Flippers Are Making It Impossible To Afford Track-Focused Collectibles

Specialized track models have been appreciating like crazy.

If you have been paying attention to the resale market you've noticed track-focused collectibles jumping in price. We have seen a number of ridiculous stories behind these sales. There is only one real reason why someone would buy a track-focused sports car and sell it without driving it. They obviously bought it as a flip! Although this practice is a bit (a lot) awful, you can't argue how cool it is to buy a car for $400,000, and sell it with almost no work for $600,000. That sounds too good to be true!

Buying a car and selling it for double the price is becoming almost too common. On track-focused models like the new 911 GT3 RS you can easily reach double the original price tag. The 2016 911 GT3 RS was sold for a price of $175,900. However, good luck buying a new one! Porsche only gives its best customers the privilege of buying one for this low price. Do a quick search for a used one and you will see prices of well over $300,000, even reaching $400,000. In fact, you won't find a single 2016 for less than $250,000. Why is this happening? Well, because car companies like Porsche and Ferrari only let the "best" customers purchase these models. "Normal" rich people can't even get their hands on them.

These privileged customers are not the ones that these car companies should be selling to. It seems like the vast majority of first owners (though not all) keep these track-focused cars under a cover in the garage and wait to flip them. When Ferrari, Porsche, McLaren, and even BMW build these types of cars it is assumed that they will be used on the track. However, if the car can be sold for a huge profit, why would you waste your time having fun with it? If you want to participate in this practice, just buy any expensive, limited production model and sell it right away. While not all cars will appreciate, many have. The aforementioned GT3 RS, 458 Speciale, 675 LT, M4 GTS, and Cayman GT4 are all destined to jump in price.

We can't even wait to see how expensive the 911 R will be once it hits the used market. We wouldn't be surprised if someone gets $500,000 for it early on. Honestly, we wish this practice would stop. It means that these cars will never be attainable even if you become reasonably wealthy. The criteria to be considered for one of these models is obviously in need of reform. We like Ford's new strategy with the GT that requires potential owners to drive the car a lot and keep it for a while. If more manufacturers stopped giving special treatment to these "preferred" customers then maybe actual gearheads would be able to afford these cars in the future.

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