Why Buying A Brand New Exotic Car Is A Bad Deal

It is a common belief that an exotic car loses 30% of its value when it leaves the car lot. This may not be a fixed rule but there are quite a few ways in which these prized purchases depreciate so quickly in the first couple of years. Buying a pre-driven exotic vehicle is a better way of getting all the fun and prestige you have ever wanted. Car Geeks Florida has a hand-picked inventory of modern exotics including Bentleys. Rolls Royces, Porsches, Ferraris, Mclarens, and others can guarantee you all the joy without the guilt.

Before having a look at the top picks from our inventory, let us discuss why there is so much rapid depreciation on new exotic cars.

Marketing Hype

The cost of most modern exotics is inflated by the market of the product rather than its production value. It causes many cars to depreciate around $100k within the first ten minutes of ownership. A new Lamborghini Huracan drops its value down by $80K within a year. Many people are willing to pay the price, just to be the first ones to get the new car that was just recently launched.

Check out our 2016 Rolls Royce Wraith with Starlight.

Car Condition

When looking at the condition of the exotic vehicle, multiple things need to be kept in mind. There are several luxury trims and pieces inside the cabin which are either electronically functional or there to increase the aesthetic. Luxury vehicles are made with high-end materials, any button not working or the leather starting to peel off causes the value of the car to drop.

On the exterior, rock chips on the paint, rims, or glass can take the value down by tens of thousands of dollars. A 10% depreciation is seen if the car has basic bumper repaints or a minor accident. Major accidents can take around 30% off the value of the exotic.

Have a look at our 2013 Bentley Continental GTC Base 12 cyl Turbo.

Mileage

Most exotic car owners do not use them as their daily driven vehicles and store them like the prized possession they are. This means that miles on an exotic have been driven which will depreciate the value more than a normal car. If it is below 2000 miles, it’s in mint condition and can even demand a premium. 5000 to 10000 miles means that the owner had enjoyed the car but did not drive it every day of the week. 15000 to 20000 is a high mileage which means a lowered price as there can be some issues. Exotics showing above thirty thousand miles is a bargain as the owner wants to get rid of it anyways.

Car Geeks Florida Exotic Car Collection

You can head on to our website and have a look at the inventory of pre-owned exotic vehicles. These have different mileages, models, and prices to match your needs.  

Here are our top picks for you today!

·         2018 Ferrari 488 Spider Convertible in Red with just 7904 miles and priced at $299,995.

·         2018 McLaren 570s Spider Convertible in Ventura Orange with 29980 miles and priced at

$169,995.

·         2019 Lamborghini Urus in Lime Green with 41,484 miles and priced at $270,000.

·         2013 Porsche 911 Carrera Premium with only 1,438 miles and priced at $150,000.

There are plenty more for you to visit and choose your pick!