Stan Austin wrote:Why the depreciation? Broke rear seat speaker?
Stan
This is what happens with many of the Supercars, rarely Ferraris but even they have the same issue, as long as I can remember.
Real Bentley owners want new. So the next line are people that cannot afford a new one. Then comes the 4-6year mark, and the price falls through the floor. Why?
The tune up on a Bentley or Ferrari is about $3,000 - $5,000. Parts and pieces are insane. I remember waaaaaaay back int the 70s. A Rolls Royce, A Ferrari and a Fiat all ran the same oil filter. Fiat $4.00, Ferrari $40,00 Rolls Royce $60.00. Fram 7 oil filter. MGB rear tail light lens $60,00 Rolls Royce tail light lens, same as MGB upside down, $500.
So they fall into this strange land no one wants to touch them but fools and car lovers.
BUT, on the flip side, they often come back huge.
A Lamborghini Muira, could have been had for $8,000. Today $1 - $2 million. A Jaguar XKE early 80s, about $6,000 today as much as $100.000. A real Shelby Cobra, as low as $7,000, now as much as $2 million.
Only Ferrari seems to avoid a lot of this. Most of their models are appreciated from the time they were ordered to delivery, and continues up. However they do have some terrible models for resale.
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