Here’s how you can drive an exotic car for “free” by timing it right and without losing money on depreciation, and potentially even selling it later for a profit - enjoy! Add me on Snapchat/Instagram: GPStephan
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I’ve been fortunate enough that I’ve been able to drive my last two sports cars for “free,” while losing absolutely ZERO money on them. In fact, my Lotus Exige S240 has been CHEAPER to own than my last Toyota Prius and I’ve actually MADE money on this car since I bought it…and some cars even appreciate in value higher than the stock market…so let me explain.
Here’s how the concept works. Most mass produced cars will depreciate about half of their value over the first 4 years…after that, depreciation slows down to maybe about 5-10% annually depending on the car and mileage. After about 10-12 years, the car has lost the majority of its value and it just continues to slowly drop in value, although the depreciation isn’t so intense after 10 years or so - but the value continues going down.
Exotic cars work a little different - they’ll see most of their depreciation within the first 5 years, and then they’ll continue slowly dropping in price for a few years after that depending on mileage. But then they’ll reach a bottom…where they just tend to stay. Exotic Cars all seem to have this base level value where they’re always going to be worth a certain amount.nAnd with interest rates relatively low on cars like this for 3-5 year periods, as long as you have the income and credit history to qualify for a loan - you can often just buy the car, invest your money elsewhere at a higher return, and drive the car without losing any money on depreciation.
Sure, you WILL be tying up money in the car - and you will have to pay insurance, taxes, gas, etc like you would on any car - but when done right, the car is basically just a savings account you can drive. And in some situation, your savings account actually makes money.
It’s quite easy to spot these price trends, as well. A few weeks of searching and going on car forums will give you a solid foundation of knowledge to see which cars tend to hold their values better than others. Some examples of potential cars to drive:
$12,000-$30,000: Honda S2000
$27,000 - $65,000: Lotus Elise and Lotus Exige
$30,000-$70,000: Original Acura NSX
$50,000-$70,000: 1997 or 1997 Viper GTS
$60,000-$90,000: First Generation Aston Martin Vanquish
$60,000-$200,000: Air Cooled Porsche 911 993
$100,000-$120,000: Lamborghini Gallardo
$135,000-$180,000: Lamborghini Murcielago
$150,000-$200,000: Manual Ferrari F430
$170,000-$290,000: BMW Z8
$200,000-$300,000: Lamborghini Diablo
$250,000-$500,000: Ford GT
In addition, I’d also say the Porsche Carerra GT is a good one, the Porsche 918…any Ferrari F40, F50, Enzo..the original Mercedes 300SL, I’m sure there are plenty more…but let me know your thoughts in the comment section.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c
I’ve been fortunate enough that I’ve been able to drive my last two sports cars for “free,” while losing absolutely ZERO money on them. In fact, my Lotus Exige S240 has been CHEAPER to own than my last Toyota Prius and I’ve actually MADE money on this car since I bought it…and some cars even appreciate in value higher than the stock market…so let me explain.
Here’s how the concept works. Most mass produced cars will depreciate about half of their value over the first 4 years…after that, depreciation slows down to maybe about 5-10% annually depending on the car and mileage. After about 10-12 years, the car has lost the majority of its value and it just continues to slowly drop in value, although the depreciation isn’t so intense after 10 years or so - but the value continues going down.
Exotic cars work a little different - they’ll see most of their depreciation within the first 5 years, and then they’ll continue slowly dropping in price for a few years after that depending on mileage. But then they’ll reach a bottom…where they just tend to stay. Exotic Cars all seem to have this base level value where they’re always going to be worth a certain amount.nAnd with interest rates relatively low on cars like this for 3-5 year periods, as long as you have the income and credit history to qualify for a loan - you can often just buy the car, invest your money elsewhere at a higher return, and drive the car without losing any money on depreciation.
Sure, you WILL be tying up money in the car - and you will have to pay insurance, taxes, gas, etc like you would on any car - but when done right, the car is basically just a savings account you can drive. And in some situation, your savings account actually makes money.
It’s quite easy to spot these price trends, as well. A few weeks of searching and going on car forums will give you a solid foundation of knowledge to see which cars tend to hold their values better than others. Some examples of potential cars to drive:
$12,000-$30,000: Honda S2000
$27,000 - $65,000: Lotus Elise and Lotus Exige
$30,000-$70,000: Original Acura NSX
$50,000-$70,000: 1997 or 1997 Viper GTS
$60,000-$90,000: First Generation Aston Martin Vanquish
$60,000-$200,000: Air Cooled Porsche 911 993
$100,000-$120,000: Lamborghini Gallardo
$135,000-$180,000: Lamborghini Murcielago
$150,000-$200,000: Manual Ferrari F430
$170,000-$290,000: BMW Z8
$200,000-$300,000: Lamborghini Diablo
$250,000-$500,000: Ford GT
In addition, I’d also say the Porsche Carerra GT is a good one, the Porsche 918…any Ferrari F40, F50, Enzo..the original Mercedes 300SL, I’m sure there are plenty more…but let me know your thoughts in the comment section.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
You should make new version of this video and compare values what you had back then and what it is now.
Why just exotic cars why not classic cars
Motorcycles are cool because they don't always depreciate the same as a typical car
That exige is worth about $90k gram sold tooo soon
Hacking?
Predicted the s2000 price increase
Can you make a video for "girlfriend hacking"?
Viper is my favorite car!
Ngl I thought you were gonna use it as collateral for real estate or something and have it pay itself off through monthly payments/loans but this works too 😂
hands down fastest speaking utuber
Great video. Very informative, I loved its content. Thanks
It's the maintenance. That's what is expensive. Besides that yeah, this is fantastic info!
The last V8 BMW M3 and the E46 M3 are going up in value
Can you please make a video on buying luxury watches and then selling it
what is that ticking sound in your audio?
Also so stoked to see you mention the ford GT and now you OWN one!
I have noticed (in South Africa) well maintained Volkswagen Beetle have started to see massive appreciation in value. But this is by no means *exotic, just a childhood obsession.
can you make a new video for today's market
Love that you watch Doug DeMuro!
I smashed all your buttons, btw.
😞😞 Maserati is not an exotic car you can compare it to BMW and Benz
What about a Audi S8 with the V10 engine? Last of such a big engine in a normal stock car.
2019 Corvette… last front engine model!
Anyone know how well the Scion FR-S holds its value?
You forgot Nissan R34 Skyline GTR
Waching this 600 dollars in the pocket 🙁
You don’t strike me as a car guy. You strike me as the guy who calls AAA so you don’t get your suit dirty.
Really cool and enjoyable video! The used guitar market works in a similar way. Cool to see it applied to cars.
On the price tag more than $200k, why not nissan skyline r34?😂😂 Just asking anyway…
That car is fire bro!
Last comment
Thank you for the info Stephan! This video gives me motivation 🙏🏻 most of my life it felt like owning a nice sports car was out of reach, but seeing how it works makes it reachable! Thanks!!
I just picked up a 1995 Viper RT10 with 18k miles, amazing condition and in the rare yellow color. I know the GTS’ are shooting up, but do you see the 1st Gen RT10 Vipers appreciating (while not at much as the GTS) even more than they have the last few years?
I’m not a huge fan of yellow but I figured it’s a very rare color and the possibility of it increasing in value greater than, say, the green or black variants.
Driving exotic car for free. *pays $10k just in sales tax 😬
Any rolls royces that do this?
So I had to delete and re-upload this video because YouTube blocked and shadow-banned my original version…so enjoy while this video is up 🙂