Buyer Beware! Five Great Cars Guaranteed* To Depreciate HARD
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- čas přidán 26. 08. 2022
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In this video, five cars I think that could cost their owners serious cash in the next couple of years.
Want to see your car on the channel? Email me on talk@jayemm.com
*Depreciation may not be guaranteed. In fact, now I've released this video, all these cars are certain to become future classics. Your mileage may vary. Terms and conditions apply, etc.
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On the Emira: "naturally aspirated V6 lump"
Correct me if I'm wrong, but it's supercharged.
One of the things holding me back from "upgrading" from my current Evora 400 is I'm worried it'll be too soft and the lovely V6 is going to be muffled by the now mandatory GPF. Would love a 570S spider, but prices are crazy at the minute.
You are correct - what I was thinking (and not saying) was the supercharged lump gives you that more naturally aspirated throttle response/power curve - versus the turbo which I tend to find dulls things.
There's no GPF on the Emira V6 First Edition, just 3 cats like the Evora. Replacing the 3rd cat with a straight pipe will be a simple mod if you want more exhaust noise
@@TMGE1967 That's interesting, thanks (is it because it's low enough volume not to be mandatory?). I wonder why it sounds muted compared to the Evora in that case... something to do with modern noise/emission regulations?
I sold my Evora S, went Exige then been all over the place! Honestly? Keep the Evora, as Jayemm says, prices will dip (then hold as all lotuses do) and you could get one 2-3 years in for a bit of a steal. I wanted a McLaren at the bottom of the dip, those times have passed now and there market will need another decent dip to make them a good buy (maybe 15k up at the moment?). Lots of cheap tatty ones I saw, awful!
@@TMGE1967 How have they managed to get away with not fitting OPF?
People seem to forget that you are probably only going to have around 80 years or so on this planet based on current average life expectancy in the UK.
Of that you will likely have 60 odd years of driving time, assuming you pass your test at 18 and hand your licence in at 78. Of that your window of being able to afford a dream car is further reduced, since you will likely have to work and save whilst going to college/uni, buying / renting a house/flat, having a relationship, maybe kids etc . Realistically your window of opportunity to realise this dream is likely to be 10-20 years…if you are lucky and don’t get ill.
So, you get the chance, the planets align and you buy your dream car.......whereupon you stick it in the garage, drive it once a month watching every mile scared to lose money on something that will probably depreciate anyway. For the likely time you are able to enjoy it, you should drive the pants off it and maximise your RETURN ON LIFE investment. Relax about the depreciation, you’ll be dead soon and it won’t matter anyway. Moral - Buy what you love and enjoy driving it.
Just rent noe for a month?
Couldn't have put it better myself! An Irishman once said to me "ah jeez, just do it, you'll be dead for 2,000 years!!!" I bought my F Type R as I probably have 12 years of driving left, if I stay well and my eyesight is good, so you are bang on. I've done all the family growing stages of car, now I am reaping the benefits of having worked for 40 years! I don't worry about the mileage & fuel (maybe tyres lol) but I know I am living (alive) whilst I am in it that's for sure.
@@TheSteinbitt a good Porsche 911 £250 a day/£7.5k a month to rent. Roughly the depreciation on my Turbo S in 3 years. Another month’s rental pays for everything else.
Truer words have never been spoken
This is exactly why I've just gone in on a little old mx-5. It's a lot of money in my world but I don't want to miss out on the opportunity to enjoy something like this.
Thanks for the advice on that Ferrari. I was going to buy one but I'll stick to my knackered old Ford Focus.
S Reg 1999 in pepper red. Still not a bad car. People too proud to push UK. Keep up Jones’s
@@zzhughesd well if its in red, it's basically a Ferrari anyway.
@@JamesandRibble well said !!!
Lady Di’s Old Ford escort just sold for 650,000 so don’t give up there’s hope for you.
@@Fee.1 It was £650,000 GBP plus 15%
The moral of the story: buy the great cars which are out-of-fashion from the people who bought high when they were "in fashion" and are now selling low to chase the next fad. That usually involves looking past the cars being hyped, and digging up the forgotten models which were actually quite good.
Doug did something similar and I agree. 12C, the new NSX and others . Still great cars
Xk x150 next ;)
Yes sir. I have the 996 Turbo S manual.
I love my 1988 Ferrari Mondial 3.2 QV coupe, manual, 270bhp, fast enough, great ride, very easy to see out of, lots of luggage space, ok servicing cost. I paid £31k for it in Sept 2019 & value today £38k Mondial’s are popular with Historic Racers as they handle well! I can’t think why people look down on them! I’ve had 6 previous Ferrari’s & this 3.2 Mondial does me fine.
yes some gems are left although a lot are now gone not worth value anymore
Agreed on the SF90. I haven't seen any praise for it besides "it accelerates fast"
Problem with the SF90 is it is more of a computer on wheels it is insanely fast but as drivers car it's not that good. Chris Harris said it on Top Gear Evo during their car of the year said it, it is more of a technical achievement than an actual drivers car.
Honestly the 296 GTB looks the better car out of the new hybrid Ferrari's. SF90 is just a numbers machine and nothing else really. That and having seen one at Ferrari Nottingham parked next to a Maserati MC20 which is a very pretty car in the flesh the SF90 it is just not a good looking car.
That is the one thing I disagreed with in this video although, looks are subjective I think the MC20 in the flesh is stunning.
@@teabagtowers3823 You're right; I was going to put down something about Chris Harris' review and how he's called it out a few times. The problem with numbers cars as well is that a) they don't always add up (eg Pikes Peak results this year), and b) there's always something coming along soon with a better number; I'm surprised the AMG Black has held the Nordschliefe record for nearly 2 years, though I suppose an inevitable 992 GT2 RS will topple it.
Haven't seen an MC20 myself so I can't pass judgement
The car isn’t ugly, but its not pretty either. The 296 on the other hand is beautiful.
@@deanchur With the MC20 it is much better in person at least that's what I found. Whereas the SF90 from the front is meh and from the back god awful side profile is bearable. Ferrari's design department is all over the place at the moment they have beautiful cars like the Roma/296 and then ugly things like the SF90.
At that price point, tech achievement is more important than driver's car.
Cars are not an investment. They are a gamble. The stock market is an investment, real estate is an investment. Sport cars are like any luxury item. People who buy sports cars can afford to lose value. My 718 spyder bought for MSRP is one month old and has a 1000 smiles. If it loses value, so be it. Worth every shilling or penny or paisa! I agree with James though, go in eyes wide open with those big ticket depreciating “ass”ets.
981 GT4 owner here. I'm not too worried, the sound alone is worth the money. I love that car 🥰
Anything else you’d consider for the money?
@@willryan5508 Good question. I would not know how to replace that car. I guess, I would buy another 981 GT4 😊
What I would fancy is a 991.2 GT3 Touring or a manual swapped BMW E46 M3 CSL in mint condition.
The GT3 is basically double the price and the BMW is a totally different car 😊
Is the steering feel a lot better than the standard 981? I wasn't overly impressed with the feedback and steering on the 981 - reminds me of Audi, BMW etc of that era. I'm used to cars from the 90s and 2000s though. I didn't particularly enjoy the long gearing and heavy clutch either. Loved the 6 cylinder sound (once revved) and convertible experience though in the 981 Boxster. Lower revs and it's just a refined, quite boring car. I sat in a GT4 the other day but i've never come close to driving one.
@@MadelnMachines The whole front end of the 981 GT4 is directly from the 991.1 GT3, so yes, big difference.
Well the sound of the GT4 RS, with those side intakes, is much much more incredible, better than a GT3 IMO
When I was waiting for my 718 Spyder (not Boxster officially) I was offered an allocation for a 992 Targa (limited) whatever it’s called. I declined and eventually got my Spyder. That 992 is supposed to be super limited but here. I was being offered the allocation.
And If you would’ve bought it, you’d be up $50k lol. This guys take on porche is so bad.
@Jonathan s I don’t buy cars as investments. And it’s easy to look back and say that but you don’t know that ahead of time.
As usual very well informed and interesting. Thanks James. Loving the channel.
I have owned a Vantage v8 for 14 years, and over that time it has been incredibly reliable and inexpensive, and it is what many on the forums seem to experience. The Ford engineering at the time of development , has held good. So I do not understand the scare story here on high cost ownership.Probably one of the most beautiful cars in the last 30 years, I have had very little depreciation and even a bit more is no big deal .Also have an Emira on order , and remember these cars are going to be the last of the breed , so honestly as choice becomes more limited prices will not plummet, and even some depreciation is not a big deal on a 75k base.
Here in the UAE the worst car for depreciation seems to be the Bentley Continental GT. You buy it and watch it just hemorrhage cash. Also, recently there have been lots of ads for 'used cars' with less than 100km on them, offered for well over list, notably all the new corvettes and also some others eg DB11s.
I'd love to buy something, a new model vantage, DB11, or a 911 but the price distortions leave me very uneasy.
You have the best voice and presentation that along with your rationalizing of car markets is a joy to watch.
One thing about the Evora six cylinder is the manual transmission. That alone should help with value as I assume (maybe wrongly), the next gen 4 cylinder will be auto only.
The Emira V6 can be purchased with a manual but you are correct that the I4T is DSG only.
@@skilgour44 Yes, I have one on order.
@@ms8742 you are a fortunate individual.
@@skilgour44 Thanks friend. I am fortunate.
If there is only a 4 cylinder and no manual, it's basically just a base cayman
Prices in Australia are stratospheric compared to the UK, for example a 718 Cayman GT4 is 145 thousand pounds & the M5 CS is 25O thousand pounds right now.
So 425.000 australian dollars for the M5?
That is what happens when you live in an island thousands of miles away from industrial centers.
@@iaintdonknow there are 3 2021 M5 CS for sale in Australia at the moment. Cheapest being a private sale at $416,000 AUD. And two others at dealers for $458,000 AUD and $500,000 AUD.
For fun. The cheapest 718 GT4 is $245,000 AUD with 14000kms and the cheapest 718 base car is $104,000 with only heated seats, base white paint and 30,000kms on the clock.
Picking up a new hilux invincible x on a few weeks £36500 gbp in Australia these are making double rrp atm
@@JoJoJoker it’s a fucking continent so hardly a island in the traditional sense and the typical island economy issues should have minimal if any place in this context
we need more of these videos! well done James!
Thanks J, interesting selection, although I don't think I'll be troubling those price brackets!🙏
Mandatory speed limiters and data loggers, on Emira, in EU, including UK. I think that will lower demand second hand. Evora v6 manual, will see increase in demand, and prices towards the end of the decade
Love your talking videos, thanks James.
The customer experience with the MC20 will depend on where you buy it, there are still some dealers such as Graypaul who have kept the franchise along with Ferrari so I don't see why the service received from them would be any different to a Ferrari customer. My trade contacts at the upper end are saying good things about the MC20, it seems to have hit a sweet spot between supercar and GT, it's almost that through irony the Maserati brand is becoming cool again.
Have to agree I've had a 650s Spyder for 2 years and love it only problem broken shock spring £250 not the end of the world just had a full McaLren service and it cost £900 with a little bartering ...after owning new R8 ,911 GTS and 2 GTRs the McLaren is a different animal to drive and you would have to spend close to 250k to match it.....
Nice video, James. I’d also add on cars like the new Range Rover - big jump in price over the previous iteration, and which will be produced in massive quantities. They will likely have a long way to fall from their £120k+ prices. I’d also add on the new M3; with prices hovering around the £100k mark for a specced Touring, I very much doubt the second hand market will support such lofty pricing.
I felt you were a tad harsh about the 540c. I bought mine (a 2017 car with one previous owner) when it was less than a year old. Where I live I'm surrounded by loads of country roads, and the car is great fun to push hard without being OTT. In four years of ownership the only issue has been a leaky air con. I looked at the 570S before I bought it and could not see the difference was worth the price gap. Yes, I fancy a 720S, but there quite a step up in price, and in truth I really like my 540c.
PS you also mention the Aston Martin Vantage. I've had the same V12 Vantage (2012 manual) for nine years. Only one issue during this entire period (seized brake caliper nipples) , a great car to drive, and sounds like a rocket ship! Also, it is worth today what I originally paid for it - which is always good. Chalk and cheese with the 540c - but still a pleasure to throw around. I can 't let it go either! Happy ending.
I was very impressed of this video by James (a first for his vids). All the cars mentioned are not bad cars, even far from it. It takes someone with extensive knowledge of the model history, driving experience, ownership considerations, pricing and options available, brand prestige, market availability, technical performance, production volume and biz tendency of the brand to come up with such analysis. I didn’t buy or have any desire to buy any of the cars mentioned here (even tho I could afford any of them), and while I can list a few common reasons i am nowhere as comprehensive as what James outlined. Bravo! Btw GT blk prices already came down relatively hard (20-35%), sf90 flippers are running in secret, v8 vantage was really “been there done that”, mc20 was humongous in person it’s just bad value and I never thought of the new Gt4 that way other than I was extremely disappointed with the sound (have a gts 4.0 as daily)….great insights!
Great vid! 👍🏽 Kept me watching all the way through. D
You need to do a similar list but with old/used cars, as that would be more useful for people. I would say generally, there more people think something is unique, the less unique and valuable is (like the M3s) and the more hated a car is, the better buy in the long run (we will see this when 718s will worth little in 10-15 years and start to gain value again after that)
Great video. I’d like to suggest you mark your calendar for a year and/or two from now to do a follow up & see how your predictions have fared.
Agree all that. Especially people realising the costs of running modern classics over last couple of years. Got out of my e46M3 few months ago even though people say I was wrong. But box ticked for no money.
I recently sold my B5 RS4. Owned for over 15 years was turning into a big money pit !
Had my fun with it time for something completely different ie Cayman 981 S
Congratulations on getting to enjoy your E46 M3. Many years ago I owned an E36 M3. And I could barely afford even that well used car. I used to hope to one day, step Up to an E46. IMO they are still the best looking of all M cars… any size or generation.
@@foesfly3047 From just word of mouth from the old farts at car shows, Owning old cars or long terming any car that isnt a basic toyota or honda is going to be a very expensive venture until you manage to go through the whole car.
I'm currently going through the early stages of that with my 09 mustang gt. Currently trying to relegate it to a 2nd car before it throws me a multi thousand dollar repair bill that I dont have the cash for. And I'm capable of paying a 2k repair bill in cash for reference... I'm scared of getting a 5k or more repair quote cause that just isnt feasible.
@@carllynch8798 Cars get scary at around the 12-15 year mark if you arent prepared to pay up or prepare for whats coming when you long term a car past 10 years. I just spent 900 dollars fixing brake stuff and a serpentine belt on my 09 mustang Gt. Currently trying to make it a 2nd car before I get slapped with a repair bill thats over 5k.
@@joshuakhaos4451 yes and it's the time as well. I've got 3 kids!
I was wondering if the MC20 was going to be on this list and glad you covered it. Here in the US i think MSRP is like $217k but i've seen some listed for sale well over $300k, i'm sure with options. But i agree with you that prices will drop and in a few years they'll go back up. From the reviews i've seen/read they do seem like really good fun but for the money there's so much to choose from in the market. I've also been watching 650S prices just out of curiosity, i'm not in the position to buy any of the cars mentioned in this video. I'm just an enthusiast but i remember when the McLaren GT came out and i looked at the performance numbers. I immediately thought it seemed very similar to a 650S just an upgraded version of it? Styling wise i didn't think it looked all that good. I could be wrong but i haven't seen much excitement for the GT or the Artura.
Glad I watched this, currently shopping for a vantage but thought prices were a bit high so I haven’t pulled the trigger
Interesting episode, the market is so hard to predict. I remember when Ferrari dealers were offering discounts on new 458 Speciale…look at them now!
Only time will tell, so buy what you love and use it.
Nice video, would love another one like this
Jayemm is the man to go to for buying a good car.
I am sorry but given some of the examples of cars (not type of car!) he bought in the past, I beg to differ. Some cars screamed shady history and upcoming issues.
😂
Interesting analysis. It would be great to revisit this list in 12 and 24 months
Here’s another for the pile - AMG GT-R. Couldn’t give them away for £90k the other year and now at £118k.
Add to that the excess of model like you say, and it’s sure to lose £20k+ when the bubble pops
I think the Porsche "T" models deserve a mention. Pay a premium for the base model with some upgrades. You might as well pay a bit more and get the added HP in the S model which will help the resale over a base engine car.
Agreed with you on the black series. Waiting for the right car to become
Available
I moved across the Atlantic so I could enjoy JayEmm’s Saturday video with my morning coffee - life is soooo good
I’ve been waiting for this video 👍
Always informative Jay, Do you stil lhave the video of the Ferrari California-T as i cant seem to find it and i do like the way you look at things,
Love the "now guaranteed to double in the next 12 months" near the end.
I'm currently sitting on a £500 plus electric bill that I can't quite pay at the moment, whilst some people out there are spending £400k on a car that I don't like. The mind boggles.
It has never been any different, sadly
AMG GT Black series is the second fastest production car in Nurnburgring ever. Only next to Porsche 911 GT Manthey. It's a seriously fast and track oriented car.
If I were rich I'd still buy the lotus, the Maserati and the Ferrari even if they would lose value, amazing cars!
When I bought my MX-5 NB in 2020, I paid just 2.400 € for a rust-free example. In the meantime the prices have doubled and that despite the fact that this is the less popular MX-5 compared to the NA. It's totally crazy what people now suddenly want for an ordinary NB 1.6.
I find it difficult to predict which cars will lose value and which will not. When I think that I loved the SLK R170 when I was 6 years old and now 23 years later there value is next to nothing.
In 2019 i was close to take one nb... after many visit of few examples... i choose honda crx ed 9. Thank god for have listen to my instict. Good investment and tank sport car
Not that difficult surely. Desirable new = desirable old
981 GT4 is the one to have. More visceral, better sound, better clutch feel. Lower production numbers that the 718.
I got mine November 2015 and it gets better and better.
Spot on about Emira. Currently own multiple Evoras and im that guy waiting on more colors and that higher HP AMG option to order. Launch color options were a bit underwhelming as well.
I'd be interested in a video about the cars whose prices plummeted the most (aka "the worst investments in automotive history")
Those would be MercBenz S-Class and Audi A8. Boring. :(
@@bluehead_info Just about any 12 cylinder sedan
I always LOVE the analyses by Jay. He is very entertaining and informative.
But you should love me more because I could punish you with eternal torture if your refuse to.
@@PutsOnSneakers Ooh dear Lord, I will love you infinitely more than I love Jay and his analyses, if you send a new Porsche and new Ferrari my way. And you know how..... But ofcourse you already know that in your endless wisdom and - knowledge.
Great honest, informative reviews! I can't find a review for an Aston Martin Rapide on you're list of videos, any chance you can do one please? I'm considering one🤔 Also do you think the 2010 models will depreciate any more?
great video mate
Ahhhh James, if only any of those cars you brought up, had any relevance to me, or anyone I know personally for that matter 😂.
Don't get me wrong, I enjoyed it, I enjoy your presentation skills and its good knowledge to have. I'll revisit when my euromillions ticket comes in next time 👍😉
James, the one car I thought would be sat on the top of your list is the 992 GT3! I appreciate that everyone thinks it is the dog's doo da's however, these cars are being offered so far above list that I cannot believe anyone with any sense would part with north of £200k. We are, I think, on the cusp of a very significant correction in car values (and other toys!); and I think that the 991.2 (one of these is being advertised at £168k) and particularly 992 GT3's values will be well and truly walloped. Whilst the last major market correction may not be repeated, I can cast my mind back to the days when GT3 RS models were being offered in the high £70k's. So, fantastic cars they may be, these are the last place I'd be putting my money right now.
2022 used GT3s in the US are running about $310k plus. I saw one at Chicago Porsche downtown just yesterday. Cost as much as a two bedroom apartment in the same building. I really can’t believe ppl are paying that much money over a $170k MSRP.
Gret video to learn which cars you will be able to buy in a few years time
Any Ferrari GTO, the new Ferrari Daytona SP3 (I hadn't got it yet and had offers for ten times the money I paid, I don't like Ferrari that much, I buy them as investments), The AMG One, Lexus LFA, NISMOS, imported from Japan (to be fair most iconic cars imported from Japan). However, high-end, numbered, Ferraris are always a safe bet.
I like the emira v6 because it’s a Camry with cheap long term available parts, has port injection, passive suspension manual gearbox none of the new stuff which costs a bomb when it goes wrong. Looks fabulous and drives like only a Lotus should. ❤ it’s long term residuals will hopefully be as good as the other models. The 4 pot Merc will end up being the most common and values will drop…. If I am wrong never mind 😅
Merc. SL r 129 is the car to buy for APpreciation AND driving well. Without all the financial and technical hassle of all other cars !
Jay, love this video. Any chance of doing a video about the opposite, for ones that will hold their value in 2023, similar to the bull list one?
Agreed with the Emira. If the Evora and Elise are any indication, Lotus will make it for 10+ years with progressively better versions
Emira will only be built until the 2030 ICE vehicle regulation kill it, assuming that doesn’t get pushed back, as it should. It will also share the line with the 135 (Lotus / Alpine) JV EV that will land in MY 2025 or 26. Agree they will probably have higher output versions but overall production volumes will always be a fraction of it’s competition. I don’t see Base version losing much over time, especially the last V6 Manual versions.
@@mjw930 It might get a hydrogen version eventually as a lot of countries won't be banning those
Good call on the Aston Martins, DB9 is due a massive bath too.
£35k for a GT car with crippling bills if any of the underlying problems rear their head.
one of your better videos james, you should do more of these
Couple of points, I really agree with the older vantage points, this also goes for DB9s of the same age, they get passed around at a big service. Look for low owners. The Maserati though… I wasn’t convinced until I seen it in person. Didn’t hear much from it but I presume you can put an exhaust on it. My god it looks amazing in person. I thought Maserati might be done but they still know a few tricks. Same with the lotus, looks much better in person.
You can put any exhaust you want on it but it's still going to be a turbo V6
Was thinking of buying a
Zonda tri-color. My bank
Manager's still laughing.
Probably continue with the
Mx-5 for now. Thanks J.
Nice update. 👍
Great video👍😀
I paid 1500 USD over MSRP last year for my GT4... they were basically giving these away. Now if you want one, be prepared to be pay 15K + for an allocation. Some dealers are no longer take deposits. Now with PDLS+ and PCCBs in short supply the earlier builds will be way more desirable. And in my case you couldn't get Miami Blue for 2021 either. Edit: realized you were talking about future values but then I realized their next mid-engine platform will be electric
$1,500 over MSRP is giving them away 🤣
Agree don’t think the gt4 pdk will tumble that far… especially with great spec and colour choice
@@simonmason7420 mine is manual. May be the last time Porsche ever sells a mid-engined manual GT. While I didn't buy it to flip it, a lot of the options makes sure it's easier to sell or to get more of the money back
Very interesting video. GT4 - not sure I agree entirely with your comments here. There is a clear supply difference between manual and pdk. Way more manuals around than pdk’s. Also 2 separate Porsche retail GB owned dealers have told me in the last 3 weeks that no new orders are being accepted on GT4’s or spyders (despite Configurator suggesting you can still spec one) as very limited supply going forward and fewer allocations than current deposits taken. Also the 718 GT4 and spyder WILL be the last ICE cayman/boxsters. Not saying all this means they will be value accretive but potentially some mitigating factors worth a mention!
It's only the recent political events which have slowed supply - PDK was due to outnumber manual by about 2:1, and the reason it doesn't currently is manuals were delivered earlier
The window on the Spyder closed early this year. I hadn’t heard the same with the GT4. The end is coming for the 718
Also, I love how Jay never does click bait titles like “5 cars guaranteed to lose value! #4 will shock you!”
The SF90 segment. Tim will love you for that! hahahahahaha
I would be interested to hear your thoughts on future values on the last gen (ie 2017 facelift) Nissan GTR. These sold new for around £80k-£90k depending on which spec and in which year you bought it, but even 2018 cars are currently being listed for £85k+. Later cars are up for over £100k. Curious to know whether you think these will continue to rise, or perhaps when they (eventually) announce an R36 will the bubble burst?
Surely the over inflated prices for the g - class , urus and latest gen 911 carrera would be a good place to start . Something is clearly wrong when a 3 year old 911 ( non limited model ) is still at list price
Good provocative thoughts.
It is difficult to see why anyone would be naff enough to fall for a decorative carbon fibre option costing more than £200...it is not as if the alternative proposed in most cases is Rover plastic wood circa 1998. [This may upset so folks, sorry]. Let me put it more kindly: no prospective buyer is going to place any value on such an option.
Let's face the general theme: GB imports so many flashy cars, the market is completely saturated.
Unless LHD is specified (a wise choice if you enjoy a proper drive), this gives a stomach turning mix of high purchase price and big depreciation. For example, a LHD V8 Vantage is probably worth at least twice the GB price in Europe.
I remember when the SF90 was announced, you did a video where you were excited specifically because they weren't a limited production run and could depreciate to the point where you might be able to afford one.
Is that still something you're thinking about and just waiting to see how much further they will fall? Or off the table now?
Brilliant!!!!!
You are correct about the Mercedes GT Black Series. I’ve been watching them come down from $550,000 to about $450,000 in the span of 2 months and I think they will continue to trend down to the $350,000 MSRP.
If you managed to get one from new at the dealer listed price.... you ain't gonna lose out thats for sure!!! all AMG blacks hold their value...
Fascinating!!!
Jay keep up great work would love to see your comparison of C8 corvette to the other exotics you are now so familiar with.
I am eager to hear JayEmm‘s take on the C8 Corvette Z06!
C8 Corvette is a worry-free no brainer car purchase. For reasons you already know.
@@sprezzatura8755 I am on the waiting list.
Where i live ( a small village near montreal quebec canada ) there's alot of supercar specially ferrari mid engine v8. Since the sf90 came out i have seen 1 F8 tributo. And 7 sf90. There's four persons who own one in the village
So true about M5 CS being used on the track. Pointless.
Great vid
Hi Jay, what you think about the MCL 720S ? See those prices dump in the recent month as well and see many cars just sitting at dealers. Anyways, thanks for your video, as alway much appreciated.
Bought a new Focus RS and sold it for what I paid after 4 years of ownership and 21k miles despite a lot advertised for sale although mine was grey. Now own a GR Yaris so hopefully residuals stay strong on that one as well. Would never buy a premium German car or anything from JLR new such is the crippling depreciation.
Seen the residuals on new defender and Range Rover?
Considering how many times I watched you say "I was wrong" about valuation/demand on cars I applaud you for still doing these :D That must be a Panasonic camera losing focus that often and in that manner?
I've never expected to make money on a car. To me its a ridiculous thing to be buying and getting cars for. If you make money on a car, AWESOME!! But it shouldnt be a huge driving reason to "InVeSt" in a car. The only thing you should invest in a car is enjoyment of the experience to see if you like the car or to make memories with said car you enjoy.
I want a go at one of my former car's that I owned simply because while I did enjoy it for what it was, That specific car always had been a bit of a gremlin with its over all reliablity. Never left me stranded, but it needed things about every 6 months. Thing ate headlight bulbs like a MoFo too. But if it was just a side car that I wasnt concerned about needing it every day, I might really get to enjoy one more.
@@joshuakhaos4451 30%+ price increases in used sports cars in the last 24 months wasn't very predictable
Fabulous episode James, sadly I only got 2 numbers, not even a bonus ball, but I'll keep trying :)
I think the order book for 718 GT4 (manual or PDK) is closed now. I ordered a 718 GTS 4.0 last summer, it has just arrived at the port for shipping nearly 18 months later and dealer tells me wait times are now up to two years for the Boxster GTS 4.0. At the time no dealer would consider me for a GT4 with no Porsche history so not sure stories of dealers calling to offer GT4 allocations is entirely true. Certainly not prepared to pay over list for one that someone else has specced.
Good choice. I’m hearing possibly the Cayman 4.0 finishing next year. Can no longer spec it with LED’s. Had mine for 18 months.
Enjoy!
Average sticker with dealer markup MC-20 in U.S.A. is about $234,00 Aside from color, options on stock cars are same.
couldn't agree less on the GT4. in US or Canada specifically, maybe the standard 718. The fact still remains its the last manual, Na mid engined w/ large displacement. it'll be strong for time to come.
I second that. I have a 718 gt4 in manual, and strongly believe that as the last of its kind it will at least hold a good value. Honestly, it’s so good I don’t intend to part with it any how
As someone who has had their fingers burnt, buying a desirable performace car is one thing, running it afterwards
requires very deep pockets!
And that dosn't take in to account depreciation, they must be serviced correctly by a specialist that knows the brand
and model, not some local garage that will probably fill it with the wrong oil.
Listen to James and choose wisely, i think that a lot more will come down in price when the owners savings start
to run out, and they struggle to pay the new rise in energy bills.🤔
I think the market is going to absolutely free fall over next couple of years, repercussions and extent of the cost of living crisis has no where near hit
@@GTFour I agree, there will be a lot of buyers of performance cars who can't realy afford to run them desperate
for cash to pay for the basics of living, the prices will then collapse with plenty of choice for the lucky few who still
have money left at the end of the month.
Also, owning an old performance car(Old school classic or modern classic) long term also requires deep pockets. Long term ownership of a performance car past a decade old is not for small pockets or budgetary overspenders. Has been for ever.
I worked with a guy who grew up in the 80s when you could get any classic muscle car for cheap. He got a 70 Hemi Cuda when he was like 19 and his friends had mustangs, camaros and stuff. They all had to eventually sell them because they were too costly to keep repairing. His Cuda especially since he said it had engine issues and he couldnt find a mechanic that wanted to get near a Hemi because parts were hard to get and because it was a pain to work on.
@@joshuakhaos4451 I can only agree, i bought my performance cars in my mid to late 40's, not having been married
and having more money than sense at the time, even though they were cheap to buy, the repairs and maintenance
quickly drained my savings.
These cars are as you say for those with deep enough pockets to run them, not just buy them.
Cars over 10 years old of any type are going to need money spending on them to keep them on the road.
As the recesion bites even harder, there will be a lot of cars to choose from.
Is this a round up of the cars Shmee120 has or has on order?
'Poor old Tim Schmee' 🤣😂
Jay, on the same topic, what is your view on a black Jaguar XJR X308?
I'll be looking to by a used Emira in 2 years, thanks!
In my thoughts at some point (not sure when mind) is either the 981 Cayman S or a 997.2 C2 S 911, I actually think 911’s prices are still quite high, so leaning more towards the Cayman but honestly still abit 🤷🏻♂️
Cayman R
Emira is already done...two week old car, 20 miles on the clock, most of the Lotus network didn't want the car at all, List was £83K...ONLY offers were early £70's - so unless you are happy with the depreciation and are holding for long use, you need to move quickly. These cars will be in the £60's in 2023.
Interesting about your thoughts on Emeria jay
Do you still think so?
Was thinking of putting down deposit down on a Amg version, probably poverty spec ( nope cs spec!) as I’m tight/poor! the amg sort of appeals to me a bit more truthfully, and a bit cheaper new. I would prob get it remapped in a year or so as it easily goes 400plus but if they do bring out a factory hot one, umm other than it will be more expensive
dealers won’t give you a lead time but factory say mid 24 if order now so hopefully would have announced that by then
I’m a long term lotus fan, I’ve had a few but let’s face it they really not going to sell that many it’s a lotus!
And your right the dealerships experience is pretty shoddy, one of them Ive been to is a shed in a corner of a Korean hatchback dealership parking lot!
The factory sales lead machine is pretty average too, I put in a request for info and test drive, had no contact from a dealer, no brochure, email or letter from lotus, they can’t give you an option list, you have to use the configurarater and do the maths
There trying to let us know they have grown up and credible! But they need to visit a Porsche dealer, or an apple store!
I’ve just sold my GTS and miss the whole ownership experience. I was looking at the 4 cylinder Emira but think money will be safer with Porsche and so much more personalisation available. Although finance deal on Emira are really good!
Rising interest rates and energy prices plus an eventual return of chip supplies will most likely have a big effect on prices but very difficult to be confident of anything predicting the future. In 2000 I bought a Ferrari 328GTS for £33k sold it after 6 years for £25k so definitely not an expert!
Amateur
@@er98ah true but I spoke to dealers who had owned 328s for 18 months at the time without sale and only offered me £22k. My sale was forced by circumstances unfortunately.
Chip supply will only get worse due to world wide energy supply problems and weather in China which is forcing many factories to close for periods of up to 2 weeks at a time and would dry up completely if China invade Taiwan
Time in stock = time cash tied up. Paying X for a car will influence margins, but X over time = X amount of cash tied up restricting cash flow. For example: a dealer looks to pay £100k for a car, which it intends to sell for £130k. The dealer anticipates £5k of servicing costs etc. to get the car ready for sale and targets £25k in gross margin (19%).
The seller is looking for £110k in p/x for a new car the dealer has in stock, which the dealer also anticipates will generate £25k in margin. Whilst paying that price will take £10k out of the gross margin (all things being equal), the dealer's main concern is actually: "If I buy this car at £100k, £105k or agree to the full £110k, that's £100k+ in cash tied up for an unknown period of time, which I could use to buy more sought after makes and models."
Laying out £100k in cash for one car in p/x for another that it makes £25k on still leaves the dealer with a net £75k shortfall. A risky game indeed, especially when buying in marques with greater uncertainly of sale.
It used to be virtually any car was a depreciating asset.
Very much a "buy with your heart" over your head type of list
5:22 I thought the Toyota engine in the Emira was supercharged not naturally aspirated?
It is. I'm dumb. It feels more NA than the turbo ones is what I meant
Shmee will be “delighted” with your list, he has at least 3 of your list!
Lol I never ask you what I should buy I always message you with what terrible idea I’ve gone and done now 🤣🤣🤣👌