Of course it’s not like investing in equities. Short of Porsche GT cars and of course Italian supercars, this will hold value as well as anything out there.
Funny you link to a Throttle House video. Even limited run cars very rarely beat inflation. The Smoking Tire Podcast had an interview with Throttle House 6 days ago where they literally went through a list of some very limited run cars with almost no miles driven and compared their recent sale price on Bring a Trailer to inflation and the S&P. Of those, the ones that kept up with inflation would be considered to be doing well. And that's not counting registration, insurance, costs, etc. and not having the enjoyment of driving those cars. Your car will lose value.
Yeah. It's rare that a car gains value, even rarer that it outperforms a benchmark. It's a fickle market that hinges on demand more than supply. And great point about not being able to enjoy your "investment". Might as well just own a museum piece trailer queen.
Very wealthy people die with a bunch of money. What’s the point in that?
The Blackwings are great cars. A league of their own today with a big V8, monster power, and manual transmission with 4 doors. Unlike the Hellcats, they actually can go around a track very well.
Reminds me of the '87 AMG Hammer, a W124 E-class with the 5.6L V8 from the W126 S-class, or the '93 E500 Benz.
Funny you link to a Throttle House video. Even limited run cars very rarely beat inflation. The Smoking Tire Podcast had an interview with Throttle House 6 days ago where they literally went through a list of some very limited run cars with almost no miles driven and compared their recent sale price on Bring a Trailer to inflation and the S&P. Of those, the ones that kept up with inflation would be considered to be doing well. And that's not counting registration, insurance, costs, etc. and not having the enjoyment of driving those cars. Your car will lose value.
I have a lot more invested in the S&P (and real estate and private companies) than I do in my car. I’m not delusional that it’s going to be my retirement, but it’s nice to know that I may be able to sell it for more than I paid for it (probably not inflation or cost adjusted though). Much better than buying a $100K luxury car and selling it for $30K five years later. 10-15 years from now, low mileage limited run ICE vehicles with a manual transmission will be rare. Corvette doesn’t make one currently, Ferrari doesn’t make one, Lambo doesn’t make one. Of course it’s not going to keep pace with my real investments, but it’s a lot more fun.
Thomas from Throttle house has the base M2 and Chris Harris from Top Gear owned a CS.
This one (not manual transmission) was only bid to $54K recently, but still shows what buyers are willing to pay now. Looks like most recent listings on BaT don't hit reserve, so sellers are being delusional.
Bid for the chance to own a 8k-Kilometer 2020 BMW M2 CS at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #115,435.
This one (not manual transmission) was only bid to $54K recently, but still shows what buyers are willing to pay now. Looks like most recent listings on BaT don't hit reserve, so sellers are being delusional.
Canadian cars typically don’t sell well on BaT. Americans don’t want to deal with the paperwork and metric gauge conversion, and it’s not a great car for Canadian winter. I’m on the BMW forums and people have recently sold in the $90s and high $80s.
One member just last week said he got an offer from one of the online dealers for $82K on a CS with higher mileage. They will turn around and flip it for $90+K.
I know it will depreciate for a few years, especially with the new G87 M2 fully loaded at $70K. I still think in 10 years, maybe 15 years that true BMW enthusiasts will prefer the F87 CS over the new G87. The CS version of the G87 will almost certainly be automatic like the current M3 CS and M4 CSL.
I may be wrong and I can sell it for $50K in 10 years. What a great way to spend $35K in depreciation. I think it’s more likely I break even or better (again on real dollars not inflation adjusted). Look at low mile 1st Gen M3s, 2000-2004 M5s, 2011 1M, 2013 E90 M3 Lime Rock Park Edition.
This post was edited 5 minutes after it was posted.
This one (not manual transmission) was only bid to $54K recently, but still shows what buyers are willing to pay now. Looks like most recent listings on BaT don't hit reserve, so sellers are being delusional.
Most sought after color, transmission and most importantly a US car. Good starting bid with 6 days to go in auction. Also keep in mind there’s a 4.5% buyers commission. So first bidder is willing to pay $73K plus tax on this one. I’ll be watching even though I have no plans to sell.
I want an M3 Touring so bad...shame we don't get it here in the US. We may get the upcoming M5 Touring, but that's more expensive than I'd be willing to spend (same with the RS6).
Fun seeing the car people show up on this thread. Lots of valid points here.
I recently picked up my GR Corolla Circuit (MSRP and no forced add-ons) and love it. Does get a little more attention than I like (all positive so far).
Warren Buffet is worth about $120 billion and drives the same klunker he has been driving for years.
That’s a misleading example. That’s one rich nerd. Whenever you see a Lamborghini driving, most likely that individual has a net worth of $10M (provided it’s not a rental).
those super nice cars are for the real heavy hitters. There are plenty of silent/invisible $10M net worth individuals who drive super expensive cars because they can afford it.
this is especially true nowadays when the price of cars has skyrocketed. Even middle class people struggle with a standard run of the mill suv because it’s like $60,000 just for a stupid effing car.
so if you see someone now in a luxury sports car, they are more likely than not wealthy.
I think the answer is the cars are depreciating toys at the end of the day. It could mean the person is a lot of money or is struggling and it doesn’t matter. If you have money &want to have fun, go get the car though.
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