Generally, the point of buying a supercar is to own a brand-new motor that’s the fastest on the market. This is why there isn’t a huge market for ones that are over a year or two old.
When it comes to being the owner of a car like this, there are plenty of things to consider that you’d be musing over if you were buying a typical car. However, one thing in particular that’s different to choosing a standard model is how the value of the supercar works. Although they deprecate in price like most cars, the nature of these vehicles mean their value works slightly differently to others.
Should you be thinking of buying a supercar of your own, here’s a look at why this is and how to maintain the value of your very special car.
Why the Value Alters
Although the value deprecates to begin with, this changes as the car evolves to become a classic model. There will always be an appetite for the supercars that have evolved over time to become cars that are thought of fondly as forerunners to the current versions.
With this in mind, it’s worth investing in a car that will reduce in price slower than other supercars. Do your research and see what cars are likely to still be considered iconic in years to come. For example, cars made famous by legendary characters like James Bond will always be valuable models.
Similarly, those associated with racing, like the McLaren from Romans International, have longevity thanks to their global appeal and premier models.
What to Buy?
The supercar you opt for depends on several factors. Do you want the iconic car that will become a classic or are you solely focused on speed? How about the ones that are already classic supercars?
In order to make your decision, you have to think carefully about the models that will have the slowest deprecation in value and, even better, the ones that go up in value again. To do this research in the current market look at how prices are being affected over the years on the models you have in mind and work out what you think will be best investment from there.
Caring for Your Supercar
Another way to maintain the value of a supercar is to care for it once you’ve taken the plunge and bought it. While all of the regular things apply, such as getting it serviced regularly and making sure you have it valeted, these are cars that need extra care.
Make sure that you always have the right tyres for your car, choose a mechanic/ dealership that specialises in supercars like yours and source mechanics that can use the right replacement parts, and kepp all the paperwork maintained and a log book impeccably stamped.
Selecting a supercar is a thrilling investment if you consider all your options. Good luck.