3. Low buyback rate
The cheapest Ferrari car goes for at least around $200,000. As most cars in general, the value will go down when you try to sell it back. Unless, it has some historical value like the 1984’s GTO.
Spending that much money may give you buyer’s remorse. Even if you don’t, when you buy a luxury car, you either love the speed or the look. Those will get old sooner and later. Thus, you will want to upgrade to a better, faster, newer car. You will end up selling it anyway.
The antique Ferrari cars may generate profit for its owner. But think about the effort and money they have spent in keeping the car in shape for all those years.
In the end, you will lose money for something that you mostly left lying around in your garage after all these years. So, think twice before deciding which car you really want to buy.
