by "AC2 - The Now 15 Year Old Jalop" (ac-2-shoes)
Published 09/29/2017 at 17:25
by "AC2 - The Now 15 Year Old Jalop" (ac-2-shoes)
Published 09/29/2017 at 17:25
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Ive been having a recurring question pop up in my head, usually while at school: Should someone who has an exotic/rare car drive it like theres no tomorrow, or garage queen it and get more money when they sell it.
This question came after I remembered about reading an article about that Maserati MC12 above, the article was not of the MC12 itself or its Edo modifications, it was about the fact that this Ultra rare version of the Ultra rare Ferrari Enzo had about 50,000 Miles on the odometer.
This prompted me to wonder, and truthfully I still dont have an answer. So what do you opponauts think?
P.S: The orange MC12 above sold for $1.5Million, while the stock one sold for $1.6Million
"For Sweden" (rallybeetle)
09/29/2017 at 17:29, STARS: 5
You can invest in other neat things that you can’t drive, like art.
"Nothing" (nothingatalluseful)
09/29/2017 at 17:32, STARS: 3
Drive it. Ultra rare exotic cars don’t depreciate like, say, a 911.
"Chuckles" (chucklesw37)
09/29/2017 at 17:41, STARS: 3
I guess it depends on what you care about. Are you a car person, or a money person?
"benjrblant" (benjblant)
09/29/2017 at 17:43, STARS: 1
I think it comes down to what gives you the most satisfaction. If taking it outside stresses you out so much because you’re worried about a rock chip, fender bender, or door ding, you should probably garage queen it for your sanity.
If you’re of the opinion that cars are machines meant to be driven, then drive it and enjoy the thought and engineering that went into developing it to perform just that.
"AC2 - The Now 15 Year Old Jalop" (ac-2-shoes)
09/29/2017 at 17:46, STARS: 1
Why not both?
"Chariotoflove" (chariotoflove)
09/29/2017 at 17:52, STARS: 2
I have never understood the practice of buying a gorgeous car and then not driving it, unless you are someone like Doug DeMuro whose business model depends on being able to sell the car again without much depreciation. Buy a car you’d like to drive and then drive it!
"vicali" (vicali)
09/29/2017 at 17:52, STARS: 1
Drive it > Yes
Let someone else drive it > No;
https://www.castanet.net/edition/news-story-207842-21-.htm#207842
"Cash Rewards" (cashrewards)
09/29/2017 at 17:53, STARS: 3
But then what do you do with art? Everytime you looked at it the eyedometer would go up, and it’ll be worthless
"AC2 - The Now 15 Year Old Jalop" (ac-2-shoes)
09/29/2017 at 17:53, STARS: 1
Is that a Superleggera?
"For Sweden" (rallybeetle)
09/29/2017 at 17:59, STARS: 2
High eyedometers cause appreciation. Just look at the pieces in top museums.
"Urambo Tauro" (urambotauro)
09/29/2017 at 18:01, STARS: 3
I couldn’t bring myself to own a garage queen. I just love driving too much.
But I’m also of the opinion that there ought to be one perfect example of each car somewhere out there, not as an investment, but for the sake of history. I don’t want any cars to go 100% extinct, not even a [insert your most hated car here]. But because shit happens *coughNationalCorvetteMuseumcough*, maybe it’d be better to have more than just one example tucked away, lest the last one be lost forever.
So I think that each individual owner has to determine how rare their car is, and if it’s super-rare, take extra-special museum-level care of it, or sell it to someone who will. But if it’s not that rare, then drive it (or sell it to someone who will)!
"Saracen" (manualdoucheelitist)
09/29/2017 at 18:03, STARS: 1
Drive it. And keep it meticulously maintained (both cosmetically and mechanically.)
It’s a rare exotic, it’ll retain its value even with a lot of miles on it.
"Chan - Mid-engine with cabin fever" (superchan7)
09/29/2017 at 18:06, STARS: 0
That looks like a Mac, not a Lambo.
"Chan - Mid-engine with cabin fever" (superchan7)
09/29/2017 at 18:09, STARS: 1
Cars in general are terrible investments unless you have the scratch for things in the > $1M range.
I would never daily an exotic, no matter how easily I could afford to...it loses the special feeling. But I would take it on errands and drives when I can.
Case in point: Stereotypical garage queen Corvette
Case in point: People who hoarded 911Rs because they thought Porsche would never make a manual GT3 again.
"415s30 W123TSXWaggoIIIIIIo ( •_•))°)" (415s30)
09/29/2017 at 18:10, STARS: 1
I know where a Maserati Enzo is in Honolulu and they drive it.
"promoted by the color red" (whenindoubtflatout)
09/29/2017 at 18:15, STARS: 2
Hypercar values never drop, so I’d drive it. A number of the 250 GTOs have been crashed hard and repaired, yet they still trade for millions.
"vicali" (vicali)
09/29/2017 at 18:23, STARS: 0
570S
"Elumerere" (elumerere)
09/29/2017 at 18:25, STARS: 0
I like your take on it. I’d counter with ‘sometimes legends are important too, mythical stories of mythical cars whose forms defied all odds, whose powers were too much to handle even for giants..’
Or something like that.
"jasmits" (jasmits)
09/29/2017 at 18:27, STARS: 1
I would only ever buy a car I can afford to drive and enjoy.
I’m not saying I would daily drive and rack up miles a rare vintage Ferrari if I could afford one, but if I couldn’t afford or would worry about maintenance, damage risk and depreciation(or less appreciation as it may be) from regularly taking it out and enjoying it, it just wouldn’t seem like a worthwhile thing for me to own.
"SPAMBot - Horse Doctor" (spambot2002)
09/29/2017 at 18:27, STARS: 2
As much as I hate to say it, it’s hard to find the time. Driving an exotic is most enjoyable when you have the combination of free time, perfect weather (not hard in SoCal), no traffic, and the desire to drive over all else.
A quick trip is fun, but I never want to be rushed for time on a pleasure drive. My free time is mostly limited to weekends or the occasional weeknight where I skip something else.
Bad weather is never fun, IMO.
To avoid traffic, I normally drive early in the morning on the weekends. Sometimes I want to sleep in. Most weekend mornings though, I have prior commitments/gym/track workouts/other fitness obligations
Finally, I don’t always feel like going for a drive. I’ve rarely felt worse after a drive, but when I’m tired/had a long day/etc, I typically don’t feel like driving. Also, if it is a perfect day, I normally go to the beach or do another outdoor activity.
This is my first and secondhand experiences but YMMV
"B_dol" (bdolan40)
09/29/2017 at 18:40, STARS: 0
Amen. Especially with modern machines that I feel are a ticking time bomb of electrical or expensive repairs - enjoy it!
Now that I am back to a 1-car garage I find A) I take the car for granted more often, B) Not all miles are fun miles. A 2-car garage was the life except when 1 car had to be stored. Storing it elsewhere lessens the ability to grab the keys and drive and it severely dropped miles put on the car.
"SPAMBot - Horse Doctor" (spambot2002)
09/29/2017 at 18:49, STARS: 0
I’m not sure I could go back to a 1-car. Driving a fun car in not fun situations is the worst. I had to DD my Miata for about a month after I was rear ended. All the things I modified to make the car enjoyable on a twisty road made my commute almost unbearable. At the end of the month, I almost loathed the Miata. I needed some time off and then a perfect drive in the mountains to cure my attitude.
"B_dol" (bdolan40)
09/29/2017 at 18:54, STARS: 1
A 2-car setup was fantastic when both were situated at my residence. Once a car was 15 min away it wasn’t as readily enjoyable.
Some days I just want to drive around the cool/fun car no matter what. When I am forced to drive 30 miles on crummy pavement to get to hockey and back I wish for a 2nd option. Having my wife in the picture allows me a ~1.5 car garage if you will.
"Chuckles" (chucklesw37)
09/29/2017 at 18:59, STARS: 2
Because the scenario that you proposed involved choosing one. That’s literally the entire point of your post.
"Chan - Mid-engine with cabin fever" (superchan7)
09/29/2017 at 18:59, STARS: 0
Hey, that 348 isn’t enough motivation for a drive? How has the car been?
"Cash Rewards" (cashrewards)
09/29/2017 at 19:06, STARS: 0
Damnit, you’re right. I botched that joke
"Chan - Mid-engine with cabin fever" (superchan7)
09/29/2017 at 19:15, STARS: 0
I think now that cars are fully CAD-designed, they are easier than older cars to restore and replicate.
"Chan - Mid-engine with cabin fever" (superchan7)
09/29/2017 at 19:17, STARS: 1
It probably costs a mill or so to completely restore a car down to every last nut and bolt, so it’s economically impossible to total a 250 GTO.
"promoted by the color red" (whenindoubtflatout)
09/29/2017 at 19:18, STARS: 1
Same for the McLaren F1. Rowan Atkinson wrecked his twice and it was “economically feasible” to rebuild it.
Also, kudos to the former 250GTO owners for not scrapping them! I remember reading how some were trashed in nasty, sometimes fatal, crashes and yet they were all rebuilt and passed on to another owner.
"Bman76 (hates WS6 hoods, is on his phone and has 4 burners now)" (bman76-4)
09/29/2017 at 20:16, STARS: 0
The reality is that some of these “ultra rare” cars are gonna be worth a ton no matter what the mileage is.
Does anybody care about the mileage on a 250 GTO, a Muira, or a 300SL Gullwing? No.
"Nauraushaun" (nauraushaun12)
09/29/2017 at 22:06, STARS: 1
If you’ve got the money for an MC12 you’ve got other investiments. You’ve got enough money to not need the car as an investment. For fucks sake you’ve bought a car that will appreciate no matter what you do with it and you’re worth north of one hundred million dollars. It’s not even a good investment. You’ve spent more than a million, you can spend a few hundred k enjoying the damn thing.
I think, on the assumption that you’re already crazy rich, not driving it is stupid.
"Nauraushaun" (nauraushaun12)
09/29/2017 at 22:08, STARS: 0
If you’ve got the money and the insurance for it, why not spread the fun? Espesh with a Macca where they bring out a slightly better one every few minutes causing the value of the old ones to drop sharply. You’d thank someone for crashing it.
"SPAMBot - Horse Doctor" (spambot2002)
09/29/2017 at 22:42, STARS: 0
It’s my greatest motivator! I would rarely take the Miata out on a weeknight just for the hell of it. I don’t like to drive when I’m tired and the last 5 weeks have been exhausting and have a ton of other commitments. Was planning on taking her out tonight but it was a long week so I might just have a beer instead. I’m not allowing myself to keep it in the garage all weekend though! It’s due for a wash, drive, and maybe a bit of leather treatment :D
"gmporschenut also a fan of hondas" (gmporschenut)
09/29/2017 at 22:46, STARS: 1
I was at a PCA event last year and the dealership had just receive 2 gt3 rs and 2 senior members were joking about the 100k markup and the other guy goes “and the sick part is they’ll get it”
between people freaking out over the gt3rs, 911R, 50th anniversary edition, do you guys see this pattern? It really is amazing to see a company print its own money.
"Party-vi" (party-vi)
10/01/2017 at 14:55, STARS: 1
Sounds like, in the case of this ultra-rare car, the mileage doesn’t seem to matter all that much. 7% difference in sales price for 50,000 miles of driving bliss? Yeah I’d drive the fuck out of it.
"AC2 - The Now 15 Year Old Jalop" (ac-2-shoes)
10/01/2017 at 15:58, STARS: 0
This is the best answer I’ve gotten
"Chan - Mid-engine with cabin fever" (superchan7)
10/02/2017 at 15:09, STARS: 1
The penny-wise, pound-foolish crowd will be outraged. “You would just throw away 7% of your hard-earned money?” they scream as they line up to buy a brand new 328i that depreciates 50% in 3 years, regardless of miles.