Buying and Selling Supercars

[mrzonda]

I just saw this website www.blackenzo.com. This guy is selling an Enzo for $1.2 Million. Now, didn't the Enzo have an MSRP of about $650k? Seems like a great investment. Even better than a McLaren, probably.

Now, Jabba, you probably know a bit about buying and selling supercars, and a lot of us have our own ideas and opinions about the business. I think we can all agree on the fact that serious money can be made providing you have an 'in' on getting the cars, provided that you have the capital to get started, and provided that you can pick the right car.

Are there other supercars out there right now selling for 50-100% premiums on their MSRP? What cars have the potential to be selling like this 5 or 10 years down the road?

Also, in the late 80's and early 90's we saw a boom in the supercar market. Many supercars on offer. Then the market crashed. Does anyone think we might see the same thing in the near future and not see new supercars for another 8-10 years?

What does everyone think?

(I hope I haven't opened an old can of worms).

[bobafett]

F50s are selling for more. F40s are selling for more (when they came out, they were selling for $1MM and they have an MSRP of ~300k. That would be like an Enzo for 2MM).

BTW, Enzos are being offered at those prices, but are selling just shy of the 1MM mark.

Zondas will sell for a premium if they can be had. The Lotus Elise is selling for a premium right now (of $10k!!! on a $40k car!).

The fad always happens with desirable sports cars when they are new. People are planning on selling the new Ford GT for $500k or thereabouts (MSRP of 150). Unfortunately for them I'll pick one up for 90k one year later when Ford has made 3000 of them.

If you look at car prices, car auctions (high end), collector car values (a *very* important barometer of the car industry that is often overlooked), etc - there's definetly signs of a buying market emerging. Look at the currency fluctuations: europeans are swallowing up cars in american collections whole.

--Dan

[KaBlookie]

yeah I noticed that too. A year or so ago, a Ferrari dealership near me was selling an F50 for around $730k!! certainly a lot more than Ferrari were originally selling it for.

also, this guy I know, Les Brun, has all sorts of exotics, and he recently took delivery of his Carrera GT...with another one on the way. The thing is that he got this one, he's putting it up for sale (on consignment?), once it's gone then he'll get his other one and keep it. That, in my mind, is a crime. Using exclusive, exotic, rare supercars to your advantage simply to make money when you already have enough to send your great-grandchildren and all their cousins through grad school, and have enough left to buy them houses and cars.

[Ford Capri 2.8i]

Its a good chance,....to get a topic....and discuss which of the supercars is supposed to be a bargain(a first hand supercar cheap for purchasing, and expensive for selling to another person)

[No.1]

In the UK, Carrera GTs are advertisesd at about £375-400k (£75k over list).

Enzo's are going for about £550k, or euro830k

The DB9 is new, at £140k, up £30k and the continental GT used to carry a £20k premium, now only £5k over list.

All Lambos are highly priced, a Gallardo £25-30k over list, and a 1 year old Murcielago goes for retail price with less than 3000miles.

The F50 seems to be at £300k, the F40 at £140-180k and the 288GTO at £180-200k

:D


[EDIT]

BTW - check out these sites for some new exotics and their prices in the UK :wink:

:arrow: www.williamloughran.co.uk

:arrow: www.tomhartley.com