The conventional wisdom is that as soon as you drive a new car off the lot, it depreciates substantially. This may certainly be true for most cars and logically, you want to keep your mileage as low as possible to attain the best returns no matter the vehicle. However, if you choose wisely and have the purchasing power, new car ownership can actually be a smart and feasible investment.
So, what should you look out for? Typically, the best way to make substantial returns on new luxury car investments is to purchase a vehicle in high demand for the lowest price possible. Attaining the vehicle early on in its sales cycle and directly from the dealer is the key to success. Building up a good relationship with the dealer will help in staying ahead of the game – especially when it comes to knowing launch dates and receiving pre-order priority.
Cars can be in high demand for several different reasons. However, as an investor you should look at the price, marque, desirability of the model and how many were built. For example, if you aim to invest in signature models that will be produced in a limited run, then there is a higher potential for an upside to your new luxury car investments.
Below we look at five new luxury car investments with the potential to make you money from day one.