Very possible. My dad never lost a dollar on any of his exotics, EXCEPT the Vanquish S, because he passed and I drove it for a while. Had he been around, he would have flipped it earlier than I did. But the answer is definetely YES. You just have to be good at it!

 

Thats a question I need answering, You have one ?....

 

Absolutely, a friend in hong kong has done this for nearly 20 years.

Of course you'll need to open your definition of 'exotic' up to classics (or 10-15 year old RARE AND desirable exotics) and be willing to pounce on a good deal instead of what you ultimately prefer.

But he's bought and sold everything from speedsters to F40's and once told me on 20 or 25 deals he's made money including the cost of money on something ridiculous, like 15/17 of them.

 

I do (a 5k mile car).

As of today I could flip mine for an easy $10k+ (I bought super right), but, I wouldn't sell it today for +$15k ... I need this car ... it completes me (shhhh, I can't let the wife hear that )

G

 

I get it completely...so what is buying it right now mean u think ?....I am potentially in market

 

I think 430 owners lost very little to no money when they sold there cars.

The 996 GT3 hasn't taken a huge hit compared to the 996tt, they are being sold for high 70's for a low mileage model. I'm pretty sure you can buy a used 996 GT3 and resale it with either a profit or break even.

 

It's going to be hard as hell to find something with less than 10k miles for under $190. I think most cars now days are going somwhere near $195k+.

I found mine through a broker before it was offered to the public. I don't think he knew how hot the market was ... over the past 2-3 months it's been HOT !!! As I waited for my Modena to sell, I watched prices climb an easy $10k ... I had to open the budget if I didn't want to miss, what I hope was, the window of opportunity. Another couple of months at this rate and I would have had to do without.

G

 

They (F430's) are starting to lose a little now and stand to lose a lot more soon.

G

 

Oh never mind PM, just read your post...thx again man

 

Not going to read all of the responses, but not free:

1) Sales tax
2) Opportunity costs
3) If it's the same $ value in 10 years, those dollars now have less buying power due to inflation.

 

It can be done:

I pulled the trigger on RS Porsche cars. I just sold my 73 RS for $80k more than I paid two years ago. It went over the pond.

This time last year I hopped a plane and went to Europe. Came home with a 993 RS and a 964 RS. They have increased in value by at least $50K.

If you study the market and are ready to pounce when the time is right you can make good money....I fugure the values of my cars have increased by over $200K. I contribute alot of that to the Weak Dollar/Strong Euro.....

I love my cars. I drive them every day. I could care less if I make any $$. The added value is a bonus. It also keeps the wife happy. It is hard for her to complain about a 6 figure proffit on auto's in less than 12 months... Keeps her from micro managing my car problem...

 

We're not talking about 10 years, we're talking about rotating every year or every two years. It can be done for sure. There are many cars where even if the value doesn't up much or stays even, the value in owning an exotic and the lack of depreciation (which carries value in itself) outweighs the monetary loss you may incur from tax or something small like that. And when you're talking about one or two years, inflation isn't even an issue. I mean two years, you're talking about maybe 7% at the most.