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Lv 5

could I buy a car and then in 40 years sell it for a million dollars?

I see cars all the time on barret jackson for a million dollars with no miles on them in perfect condition. If I bought a car didn't drive it at all, kept it in a climate controlled garage could I sell it for multiple times what I bought it for 40 years later?

8 Answers

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  • J T
    Lv 5
    9 years ago
    Favorite Answer

    99% of cars, no. They'll all depreciate. Even Ferraris and Lamborghinis. You can buy a 2012 458 Italia for $280k. 40 years later, you'll be lucky to get $50k for it.

    The only cars that go up in value are very limited run Supercars that are ultra-high performance and known to have made history in their day that no other car could match for years to come. But those cars already start at a price tag too steep for the average joe to invest in.

    For instance, the Ferrari 250 GTO, 39 cars produced in the early 1960s, which sold for $13-15k at the time (still an amazing amount in the 60s), now having records sold for 30+ million second-hand.

    More modern examples would be the 2003 Enzo Ferrari (400 made worldwide), original MSRP for $650k US, currently sells for $1.2-1.6m, and The McLaren F1 (106 worldwide), selling in the mid 90s for a little under $1m, now selling for 2-5m used.

    Great appreciative value, but would you have the $$$ to buy these cars at their launch price anyways?

  • Anonymous
    5 years ago

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  • 9 years ago

    Depending on the car and the current level of its manufacturing, production, and rarity, yes

  • 9 years ago

    the way inflation is going, a Honda Civic will coast $1M in 2052

  • 9 years ago

    It depends on you dear

  • Brent
    Lv 7
    9 years ago

    Can you find someone to be bored enough to buy your ride for a cool mil...?

  • 9 years ago

    Depends on what it is.....and the big possibility of probabaly not.........

  • 9 years ago

    Depends on what it is...

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