These Supercars Will Bankrupt you | 2024 Update
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- Опубліковано 11 вер 2024
- The sports- and supercar market is down by 7% compared to last year, while this used to be 9.8%. However, this 7% is an average number and does cover the most extreme cases. Some cars lost up to 30%
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Most cars lost between 1% and 11%. As a value conscious owner or buyer, you most likely want to avoid the cars that lost more than 11%. This includes cars like the Corvette Z06, Masarati MC20, BMW M4, Nissan Z, and Aston Martin Vantage. But buying a car is not only about the financials, it is also about the intangible value that is brings.The aim of this video, and of all other videos for that matter, is then also merely to provide you with the numbers so that they can assist you in your decision making process.
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision.
Thanks to this channel in March I purchased a heavy spec 2020 Aston Martin Vantage for $86k with new brakes ($10k cost for pads and rotors and labor) and 27k miles. Original msrp sticker for mine was $187$ so I basically saved $100k to buy the current model Vantage. Love my car, it’s amazing.
If I ever get to the point in life where I can afford a $200,000 car, I want a deal like yours. Congratulations.
Awesome car, congrats.
Wow that’s a great deal for a great car, I think the exterior looks better than the new refresh! Congrats and enjoy
I’m looking roughly in that price range. BMW M3 Audi RS5/RS6 McLaren mp4-12C Porsche 911 and of course a used Aston. Quite a spread to choose from!
@@ryanc4955 That’s a nice spread and me personally bc I was trying to find something firstly that didn’t depreciate a lot it was between 911 and Vantage and I chose Vantage and have zero regrets, the car is so much fun to drive. While the Audi RA6 is nice, my next door neighbor has one, it doesn’t have the wow factor of the rest of your list. McLaren could end up very expensive with repairs so I would do a lot of research in to the common issues before buying. The Vantage both visually and sound is a wow car so expect people on road next to you recording you and people taking pictures of your car so if you’re don’t like that attention I would suggest the 911.
The price premiums on the Z06 corvette and Nissan Z we're extortionate, the price correction was bound to happen especially since the hype died down on both cars
The Z06 is mass produced and the supply going up was always going to bring prices down.
I got the z06 for msrp so ill pretty much always hold value at the worst only lose 10-15k over a few years and i think will appreciate back up
Do 😮not think 🤔 no price correction only price correction is home price lol
@@TheilliterateLibrarian strong assumption considering pretty much every other generation of Vette drops 75% of MSRP. C8 Z06 isn't a limited production car. Enjoy the ride, enjoy the car, just don't count on it only dropping 10-15% every.
The McLaren brand not even on the list is incredible.
They paid him off
McLaren’s can drop 50% when second hand with under 1k miles.
They can’t even sell new ones. So tough to calculate depreciation. Most of them probably sell 30% off list NEW in a good day
The Stingrays were never going to hold the lofty prices they had initially… Both in 2020 and in 2021, production was low due to Covid and really didn’t catch up with demand until the last year or so which is when prices took a tumble because now they were out there to be found and people couldn’t keep prices as high. In other words, supply/demand equation stabilized.
If you look at your chart, you can see that the 2020 through 2022 used prices for them were actually above their original sticker price, which was unprecedented due to the popularity of the new mid engine version and production shortages from Covid, which of course was never going to be permanent as more and more and were being produced. So the higher than normal depreciation rate you see further is basically prices going from elevated demand/restricted supply-driven prices to prices more in line with historic norms. From this point forward, barring any major disruptions, they should follow normal Corvette depreciation patterns, which are generally pretty favorable to owners.
Unfortunately still so many think their cars are worth 20% more then they are 🤦🏻♂️🤦🏻♂️🤦🏻♂️
If you can’t afford a supercar, don’t buy one! Easy you won’t get broke.
I’ve just bought a 996 Turbo. Fingers crossed the depreciation will be minimal on that, even in this market.
Just enjoy the car
@@verhu010 I miss my 996 TT. If you got a manual, you will be fine. I have been following the Porsche market daily for the last 10 years, and the 996TT will probably drop another 5% this year, but I don't think any version will drop under $50k anytime soon unless it is in terrible condition or has over 80k miles. As above, enjoy the car!
Porsche sports cars generally do far better for depreciation compared to their equivalents.
Just enjoy the car. You won't be any better off in any of the alternatives.
FFS just drive it.
My daily driver is a 997.1 tt. They are great cares. It currently has 75k miles and I plan to keep it until at least 125k. Will it be worth anything with this many miles? Don’t know, don’t care. You bought it for the joy it brings, not as an investment. Relatively, 996 tts with those Mezger engines will definitely do better than most sports cars, but don’t focus on how much you can sell for in the future, otherwise you’ll leave it in the garage when you should be behind the wheel.
Thanks for a dropping another video, Harald. The past couple Saturdays have lacked their usual car depreciation education.
LC500 and Toyota Supra update plx ❤❤❤❤
Buying cars - modern supercars are not investments. The crash was always in the Cards. Too many produce, artificial high prices like the Porsche GT3 people paying £120k over the sticker price because they had to have the newest toy and now they are sitting after a year on market sites for sale not selling.
Can you do a market update on the 911 targa?
Bought my ‘85 garnet red metallic 3.2 Targa for $15k in 2009. I think good condition drivers trade somewhere between $50k and $60k today.
@@steveo85think he meant the current gen
@@8dHb8easy, those don’t depreciate 😂
Are Ferraris worth it? Decent 458s are still well over $200k and over 10yrs old already.
IMHO, yes. The 458 is the last naturally-aspirated mid-engine V8 Ferrari. And many consider it to be one of the best looking Ferraris. Look at 355 and 328 prices as well. The best deals are in the 348, 360 and 430. I'd get a 348 if I was looking for a budget Ferrari, but they are rare so good luck.
Cars ALWAYS loose money… even holy grail cars like 288GTO/250GTO/F40 depreciated and were tough to sell on back in the day. Lamborghini back catalogue is littered with with cars that plummeted in value for decades. Jaguar XJ220 were still in showrooms years after they ceased production, as too Lancia Integrale EVO 3’s… 🤦🏻♂️
We now have a market where cheap money and tax advantages make some cars “investments”… which is not a good combination for people really passionate about petroleum… we get locked out the market by speculators. Worse, now the manufacturers are in on it and Porsche with its GT3 and Ferrari are gaming the market to the consumers disadvantage 🤷🏻♂️
Wish you would do the US market occasionally
This video covers the US market
Another great analysis of the market. I’d like to see a trend analysis of the C7 vs C8 corvettes. Particularly the stingrays and grand sports, because I sense that the C7 grand sport values are depreciating slowly enough that we will soon see C8 stingray values drop below them. What do you think?
I will include the C7 again in the next Corvette market update.
So glad I managed to get my Z06 for MSRP. I love the car!
Great summary. I love the pricing insight into these supercars. Thanks for sharing 😎
Enjoy my 718 Boxster base model ICE engine and glad it’s not on this list!!!
As always, a great video. Thankyou.
MC20 was overpriced from day 1, i early '23 one took for a test drive quite liked it and asked dealer what is the discount. The answer was if u go with heavy options then up to 5%, otherwise max 2%. Now they sing to a different tune.
Artura will depreciate heavily, same happens with SF90. The premium they asked for hybrid is not resonating well with customers.
765LT Vs 75Os pls
765LT is the way better option
Great vid, thanks from California
Hi great video. What is a good value 911 2017/18/19 to buy?
90K
Please have a look at the current SL. I saw cars who are basically new for 50.000€ less than MSRP (SL 43 AMG) and would want to know more about the depreciation situation with all the SL Models
Other than Ferrari, Lambo, Porsche, and some extremely rare hypercar makes (like Bugatti and Pagani), almost all the sport cars will depreciate as hell.
BMW I8 UPDATE PLEASE!!
The next video will include some high level numbers on the i8
@@fourwheeltrader thank you so much!!
Great video as usual. Keep it up 👍🏻
How about an analysis on the Lexus GSF and RCF
Looking at a 3year old Cayenne. Is that the sweet spot for the depreciation curve?
interested to see what price Uruses will get down to, i.e. what the floor will be
I wonder when would be a good time to get into an MC20
Alfa Romeo Giulia Quadrifoglio 2024
Another great video. Love your format. If this isn't too personal, love the accent, where are you from?
Thanks, it is great to hear that you enjoy the video. I am from the Netherlands.
Can you check the audi 2.5l RS cars, please? And Audi R8 update
Audi Rs3 ttrs Rsq3 r8
Very interesting analysis as usual, thanks for carrying on such a good work. When do you think to expand it to European (first of all German) market?
I already started to include some preliminary numbers for the Lotus and Mclarens models. By september i have enough data to integrate the German market completely. This will be for the aforementioned models, R8, 911, R8, M2/3/4. The mid-engine Ferraris are next on the list to be added.
Can't comprehend why people pay way over MSRP for a car. Dealers only get away with that crap because idiot customers let them.
2018 Aston Martin Vanquish S?
Ferrari F8, F8 Spider?
Why would it bankrupt me when I will buy the depreciated car. Not brand new. 😂.
Nissan G-TR s ? I’m looking for nice stock
After 4 years , you can get a free taycan turbo? 😂😂
Any lambo v12 update? Been forever…
First insights in the next video.
What about the 296
MY19+ Vantages are continuing to be a fantastic value. The refresh is exciting and awesome, but it is not worth a 150k+ premium. They will hold well and continue to do well. Overall supply of the MY19+ Vantage continue to remain dry for desirable specs.
100% agree, bought a 2020 Vantage in Scorpus red heavily specd with full dealer service records and new brakes earlier this year in March, couldn’t be happier
LOTUS??
C7 prices please!
Please do a video on i8 values skyrocketing in the near future. No reason in particular, and nothing to do with my buying one last week
Great looking car, but I feel the inline 3cyl and small electric motor will keep these trending down unfortunately.
I8's are a certain demographics car....
Hilarious. 3-cylinder engine and a dead battery = weak prices forever.
The next video includes some high level numbers on the i8
@@fourwheeltrader I’m looking forward to it! Thank you for what you do, your work is great 👍
Ive seen the MC20 take a nosedive lol
Thanks for tuning in Lucky, great channel.
The normal car market has definitely returned for most makes/models.
I am very much looking forward to grabbing a new Z when they hit 50% depreciation in a couple of years.
Edit: Or Emira.
If your waiting for a 50% depreciation your going to be waiting a LONG time or get one with massive miles on it. Not necessarily a good thing given how we drive our Z06’s ✌🏼
@2020matrix8 We don't have many Corvettes in my country. As they have to be converted to RHD first. But we have the new Z. And they have already dropped 20% from MSRP in one year.
Give it 5 years, and they will definitely be at 50% depreciation. Just like the good old days.
@@ForgetfulFoot sorry but I don’t think a C8 Z06 dropped $23,000 unless it’s very used. You’re not gonna go and buy one and then turn around the very next day and lose 20%.
Buy a 911 instead. Way better value and more fun to drive. I have both.
@@boxterjeff I actually recently sold my base 987.2 Manual Cayman for a base 981 PDK. Such great cars. I would love a 911. But the only ones in my price range is the 996 generation. And the 996 isn't better then a 981 or 987.2 in my eyes.
Here is what needs to be fixed on your channel. The graphs you made have no title. If I skip ahead even a little bit, I end up stuck in the middle of a sequence of untitles graphs, with you talking. It then takes a long time to figure out what car you are talking about, and by the time I figure it out, you are usually on to the next car. Please title your graphs. The legend saying median spider and confidence interval spider isn't good enough.
It is a conscious choice to do it this way. I used to include chapters but it didn't work for the channel unfortunately.
So OP… he would make less money if he made his videos easier to consume ✅
not chapters, titles for the graphs. not sure if you understood what I meant.
At the very least, please make the legend comprehensible. Don't just say spider, say Ferrari SF90 Spider, McLaren 720S spider. Please make the graphs comprehensible with no additonal context beyond what is provided on the graph.
@@goat9199he understands. He didn’t want to come out and say it directly… but labeling charts like that would make it EASIER for you to skip around in the video without having to listen to the whole thing.
If he allows you to more easily skip around, he would make less ad money.
Always remember that free content creators care more about their ability to earn money than your consumption comfort.
Excellent video thank you
It is great to hear that you liked the video.