Are 370 worth more now than when you bought it?

BrianMSmith · 07-31-2011, 01:18 AM

A car is worth whatever someone else will pay. But generally no, a car always depreciates in value except for some very rare circumstances of rare or unique cars becoming highly desired by rich people with more money than sense, and the vehicle becomes a work of art rather than transportation.

If you got your car for a great price, odds are everyone else is too. Maybe you could flip your car for a few grand extra, but then you'd have no car, would you? And you'd have to buy another one, maybe even at a higher price.

I have heard of people buying junkers and putting a lot of labor into fixing them up cheaply, and selling them up.

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07-31-2011, 01:18 AM	#11 (permalink)
BrianMSmith Enthusiast Member Join Date: Dec 2009 Location: secret Posts: 267 Drives: 370Z, Ducati 748S Rep Power: 16	A car is worth whatever someone else will pay. But generally no, a car always depreciates in value except for some very rare circumstances of rare or unique cars becoming highly desired by rich people with more money than sense, and the vehicle becomes a work of art rather than transportation. If you got your car for a great price, odds are everyone else is too. Maybe you could flip your car for a few grand extra, but then you'd have no car, would you? And you'd have to buy another one, maybe even at a higher price. I have heard of people buying junkers and putting a lot of labor into fixing them up cheaply, and selling them up.