I constantly see people saying a car is a depreciating investment (which I know is generally true) but there are 911s made in the pre 2000s still work about their same value with a rare few being worth more when you calculate for inflation. Given that by 2050 most cars on the road will be electric, I theorize the novelty of having a well kept gas powered Porsche from the early 2000s will hold its value with inflation, if not be worth even more by 2050 even when taking into account maintenance, insurance. Having the privilege of owning and driving a luxury vehicle, if well maintained for that long is priceless in and of itself. Any thoughts on my theory?
Buy bonds, they’re safer and more liquid :)
Edit: Sorry I forgot to mention, I didn’t mean investment as in comparison to the s&p500, I meant as in just being able to enjoy the experience of owning a Porsche while having a little + on the side that it would hold its value well compared to like a 1998 toyota camry which is viturally worthless compared to a 1998 911. In the long run although the 1998 Porsche is more expensive up front, it’s actually worth something in 20 years.
they’ve done studies on this. the market is a better return unless you get ‘very’ lucky with a certain car. you still need to maintenance, insure it, many states have some way of collecting tax or some type of annual fee. if you sell the car for a very large sum the IRS may look and see if you are paying your capital gains tax.
Foolish investment. Buy the car to drive it, the vast majority of vehicles will depreciate indefinitely and even if you strike gold with one of the rare ones that appreciates, odds are still high that you would have been better off with a super conservative index fund investment.
You’ve missed the bell curve so to speak.
If you happen to have disposable income. Then yes, get a GT4RS or even a GT4 since they will be the last of the gas powered version. And sit on it for 3 to 5 years, then maybe you can make some money off of them.
They won’t depreciate very much (unless the dealer mark up is screwing you on that end). And the well maintenance means ensuring you are following factory services (all based on Years or mileage, not just mileage) by the dealer. Keep all records. So added cost, including insurances.
But there is no guarantee they will appreciate in value.
Buy bonds instead.