How to own a supercar for free. Autohacker’s way to hack supercars
Last edit: November 14 2023 • 259 view
Ever thought about buying a supercar? I’ll show you a few ways to hack the industry and get the best possible deal. This way you can even drive supercars for FREE.
The first method is to buy or lease new
This option is only viable if you’re purchasing something extremely exclusive and limited in production, which guarantees immediate appreciation. These vehicles are hard to come by. Often sold at prices significantly over the manufacturer’s suggested retail price (MSRP). I’ve even seen a Porsche 911 GT3 go for $270K over MSRP, which is quite humorous. They are also out of reach for most of us. McLaren P1, originally sold for $1.4 million, now fetching well over $2.5 million. This reserved for a chosen few. Great way to park money for super rich people.
For the rest of the supercars, such as Aston Martins, Lamborghinis, and McLarens, don’t do it. I wouldn’t recommend financing or leasing a new car at all. It can be a money pit. Let me explain.
I recently came across the 2024 McLaren Artura leasing offering.
Lease options for McLaren Artura
Let’s crunch the numbers.
We start with a $25,000 down payment. Then, we have a 36-month lease at $1,999 per month, totaling $71,964. So, the grand total for the 3-year lease is $96,964.
Now, what about the price of a new McLaren Artura in 3 years? Will it hold its value? Probably not. Leasing is designed for the company to make money. McLaren estimates that the 3-year-old car will depreciate by around $90,000 to $100,000. If the price of a new car is $233,000 today, it might be valued at around $135,000 in 3 years.
This trend is consistent with what I’ve observed with other supercars. Aston Martin DB11, which was priced at over $245,000 new in 2017, can be found selling for around $130,000 to $150,000 after 3 years.
The same goes for the McLaren 570S. It starts at $200,000 new but can be valued at around $120,000 after 3 years.
Most everyday supercars do experience a significant drop in value within the first 3 years. This depreciation often falls in the range of 40% to 50%.
I’m Autohacker, and I share your aversion to losing money on cars, even supercars. So, is there another way to buy and save?
The second method is to buy used after a significant drop in price
Here’s how it works: We patiently wait for 3 years and then purchase the car after its lease period ends. These cars often become available for sale from financing companies. The best ones, with low mileage and in excellent condition, tend to find their way to reputable car dealers’ lots. The rest end up at auctions like Manheim or Adesa. These auctions are exclusively for car dealers, and the general public has no access to them. Having a dealer friend, like CARS4.BID, can be extremely beneficial. CARS4.BID can help you source these cars at the lowest possible prices.
So, in 3 years, you could potentially purchase the same McLaren Artura for around $135,000. The best part is that the car has already depreciated by 40-50%. It won’t lose much value in the next 1-2 years. You can comfortably drive it and only experience approximately 10% depreciation in its value each year. For instance, if you initially bought it for $135,000, you might be able to sell it for around $125,000 a year later. Yes, there’s still some depreciation, but you get to enjoy the car at an equivalent cost of $1,000 per month. That’s comparable to leasing some BMWs and Mercedes out there. It’s a much better deal when compared to losing $96,964 in a 3-year lease.
In this scenario, you’re minimizing your depreciation and enjoying the car for less overall cost.
If you’re interested in finding a supercar with the assistance of CARS4.BID, please complete our car finder questionnaire, and we will get in touch with you.
The third method is the Autohacker way
This is the only approach where you can drive a supercar for FREE and even make money by selling it.
Here’s how it works: You purchase salvage, repairable, minor-damage, or rebuildable supercars from insurance auto auctions.
I walk the talk, and I bought a 3-year-old Aston Martin DB11 in 2020. Its retail price was $150,000, but I managed to acquire a rebuildable one with minor damage for $88,000:
After making the necessary repairs, my total investment came to $100,000. So, this was $50,000 cheaper than the average car on the market. I enjoyed driving it for 3 years. I participated in amazing rallies, met incredible people. Now I am selling the car for the same price three years later. I didn’t lose any money at all in those 3 years. That’s how you can drive supercars for free.
Summary
So, I’ve covered three strategies on how to minimize loses buying a supercar.
These strategies are designed to help prospective supercar owners minimize depreciation and maximize the value of their investments.
- The Exclusive Purchase (For Select Models): This approach involves the acquisition of exclusive and low-production supercars that are likely to appreciate rapidly. Because these vehicles often command prices significantly above their manufacturer’s suggested retail price (MSRP), they remain out of reach for the average buyer.
- Smart Buying After Depreciation: Waiting for a few years and then purchasing a used supercar after it has undergone substantial depreciation is a pragmatic alternative. Many of these vehicles become available through auctions or reputable dealers. This method allows buyers to enjoy the car without incurring significant financial losses.
- The Autohacker Approach (Driving for Free): The Autohacker’s unique method revolves around buying salvage, repairable, slightly damaged, or rebuildable supercars from insurance auto auctions. By investing in repairs and maintenance, the Autohacker successfully drives a supercar for free and may even sell it at a profit. This approach minimizes depreciation and provides an affordable means to relish high-performance vehicles.
And remember: Your Dream Car is a Click Away at CARS4.BID! Happy bidding!
Cheers, Andrew Autohacker.
