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Which is the better investment

Discussion in 'Ferrari Discussion (not model specific)' started by 360+Volt=Prius, Jul 27, 2017.

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  1. 360+Volt=Prius

    360+Volt=Prius Formula 3
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    #1 360+Volt=Prius, Jul 27, 2017
    Two closely speced and priced cars. Thinking for speculative investment reasons (10+years). Would drive car minimally.

    Would you rather have for this purpose a very clean car with better service records that needs nothing with almost 10k miles.

    Or a less clean car in need of cosmetic work (dash leather, wheel scrapes, CF needs refurbishment, and incomplete service records) with 3.5k miles.

    I guess the question is would the lower mileage in this case offset condition and records.

    Records may be able to be found, minor cosmetic issues can be addressed. You can't roll back an odometer (Ferris Bueller proved that).

    Any thoughts?

    Thanks -ray


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  2. glob1971

    glob1971 Formula Junior

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    #2 glob1971, Jul 27, 2017
    If it is for investment I would go for the second one, and fix those cosmetic issues.
     
  3. flat_plane_eddie

    flat_plane_eddie F1 Rookie
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    #3 flat_plane_eddie, Jul 27, 2017
    I think the difference in mileage is quite small given 10+ years from now so I'd personally rather go with the 10k mile car depending on how much it costs to fix the second one.
     
  4. itsablurr

    itsablurr Formula 3
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    #4 itsablurr, Jul 27, 2017
    The delta between perception of a 9,xxx mi and 3.5k mi car as far as value is concerned is minimal, IMO. I would consider them similar with the major differentiating factor being condition and originality. From that perspective, the former car would be the better buy as it needs less work and is ostensibly more original. Now, if were talking a deliver-mileage or sub-1k car, that would change things.
     
  5. toggie

    toggie F1 World Champ
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    #5 toggie, Jul 27, 2017
    How many mikes will you put on the car over 10 years time.

    If more than 15k miles total, I'd go with the cleaner higher miles car.

    I typically put 2k miles per year on my sports cars.
    .
     
  6. 360+Volt=Prius

    360+Volt=Prius Formula 3
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    #6 360+Volt=Prius, Jul 27, 2017


    I would drive maybe in 200-300 mile range/year. Enough to keep her moving and hopefully not become stagnant.


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  7. 360+Volt=Prius

    360+Volt=Prius Formula 3
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    #7 360+Volt=Prius, Jul 27, 2017


    Good points. I suspect In 10 years will be 11.5k vs 5.5k miles. Also, the lack of service records concerns me. I could see how this one could become a "storied" car.


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  8. Statler

    Statler F1 World Champ

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    #8 Statler, Jul 27, 2017
    Depends on the car/year.
     
  9. furmano

    furmano Three Time F1 World Champ

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    #9 furmano, Jul 27, 2017
    Yeah, what car are we talking about? Depending on the car, either example might work out fine.

    I assert a car with good records and higher miles trumps a car with little records, needing of work, with lower miles.

    However, the idea that these cars are investments is WAY off because in general, they aren't.

    I suggest buying what YOU like because you might be stuck with it for a while.

    -F
     
  10. 360+Volt=Prius

    360+Volt=Prius Formula 3
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    #10 360+Volt=Prius, Jul 27, 2017


    Good advice overall, and I agree generally bad idea and speculative to invest in these things. Don't know if I'm delusional and "rational-lies-ing" my passion for cars as an investment. I'm just in the early phase.


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