Future Value of Performance Cars
Discussion
Hi all,
I'm currently test driving/considering purchasing something like a M, 440, RS, S, AMG, F car.
Absolutely loved taking them out as I'm not used to performance cars.
Silly as it may seem, one of my concerns is if (powerful) petrols are seriously pushed/taxed out over the next few years and a car I pay 30k for now, will be worth a nominal amount in a few years as no one will want to buy it for one reason or another.
I understand there will be depreciation and not expecting to make money from what is a depreciating asset, but as much as I'd love to own and enjoy a performance car, the prospect of losing; 25k or so over the next few years is making me hesitate.
Looking at the price of 15 year old cars of the same ilk on autotrader, you may lose around 20k in depreciation over 10years or so of ownership.
I'm currently test driving/considering purchasing something like a M, 440, RS, S, AMG, F car.
Absolutely loved taking them out as I'm not used to performance cars.
Silly as it may seem, one of my concerns is if (powerful) petrols are seriously pushed/taxed out over the next few years and a car I pay 30k for now, will be worth a nominal amount in a few years as no one will want to buy it for one reason or another.
I understand there will be depreciation and not expecting to make money from what is a depreciating asset, but as much as I'd love to own and enjoy a performance car, the prospect of losing; 25k or so over the next few years is making me hesitate.
Looking at the price of 15 year old cars of the same ilk on autotrader, you may lose around 20k in depreciation over 10years or so of ownership.
Edited by b80 on Tuesday 25th August 11:14
My view is that there will be a gradual polarisation, within the overall trends towards lower pollution / ICE vehicles.
One trend within an overall drop in demand for ICE cars could be for charismatic, larger-engined ICE vehicles to retain a decent level of demand. Some of this will be nostalgia and / or lack of modern equivalents. You already see this with, for example, the ongoing fondness for Golf R32s, 130i etc.
I certainly wouldn't expect a brand new vehicle to be catastrophically affected by future government action. In general, other than fuel prices, regulation and taxation towards goals like lower Co2 are not applied retrospectively. There are some exceptions, like with possible diesel bans and low emissions zones, but these are more about discouraging marginal use than ownership per se.
One trend within an overall drop in demand for ICE cars could be for charismatic, larger-engined ICE vehicles to retain a decent level of demand. Some of this will be nostalgia and / or lack of modern equivalents. You already see this with, for example, the ongoing fondness for Golf R32s, 130i etc.
I certainly wouldn't expect a brand new vehicle to be catastrophically affected by future government action. In general, other than fuel prices, regulation and taxation towards goals like lower Co2 are not applied retrospectively. There are some exceptions, like with possible diesel bans and low emissions zones, but these are more about discouraging marginal use than ownership per se.
I don't think petrol heads will stop buying powerful/fast/loud petrol cars for a long time. If anything you could look at it from the perspective that manufacturers are not making them like they used too and that might create demand and reduce depreciation.
I am going to be buying a W204 generation C63 Coupe in April when my Cupra lease is up. I am not worried about that car becoming worthless as they are beasts and there will never be another production engine like that again.
I am going to be buying a W204 generation C63 Coupe in April when my Cupra lease is up. I am not worried about that car becoming worthless as they are beasts and there will never be another production engine like that again.
I bought my 1st BMW M car last December and my only regret is that I didn't do it sooner!
If you want one and could take a financial hit (even if you'd prefer not to) why not just do it?
Whatever happens in the future you will have had that experience, and at the end of the day you can't take it with you.
If you want one and could take a financial hit (even if you'd prefer not to) why not just do it?
Whatever happens in the future you will have had that experience, and at the end of the day you can't take it with you.
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