Lamborghinis CAN be INVESTMENTS/minimally depreciating assets

[cactus]

Didn't have to beg or hold anyone at gun point to sell my patio furniture. The couch sold less than 12 hours, I posted at night and someone came up the next morning. And was able to sell for top dollar, I already had like 2-3 people asking for it so if she were to low ball me I could easily say no.

My 2 patio lounge chairs sold in 1-2 days when I posted it.

The best one was trying to sell EDC tickets. I had like 20 text per minute, my phone was blowing up.

From patio furniture salesman to part-time Lamborghini renter. Congrats.

[xudaniel1949]

Sorry that this is my first post, but as I read through the forum, I notice that there are an abundance of people who have simply accepted significant depreciation as a fact; and that if you don't accept this significant depreciation then you shouldn't be buying a Lambo. This couldn't be further from the truth..

If you buy a BRAND NEW LAMBO--yes, you will have much more depreciation than someone who waits a few years or capitalizes on mileage. I don't suggest buying a new lambo, even if you have 100 million in the bank, because it's just unwise. I don't believing in WASTING, no matter how much I have, and that's why I have in the first place. I save on EVERYTHING. Just look at the Huracan-- if you waited just a year, you saved 70k.

I've made money on all of my exotics, from my SL550, to my Gallardo, to my Bentley GT. I am about to get a Huracan for a STEAL and I could literally make money off of it immediately if I so chose. The trick is to buy after they slightly depreciate, due to both age and mileage. Then, after the first guy takes the hit, you can actually DRIVE the thing without having to worry about losing thousands everytime you take it out.

Who else has either MADE MONEY or lost very little?

Oh yeah, your profit sounds dismal and lots of work, I made about 3 million cash from selling my LaFerrari.

[Kermit]

^^ easy money

[Red Mark]

Sorry that this is my first post, but as I read through the forum, I notice that there are an abundance of people who have simply accepted significant depreciation as a fact; and that if you don't accept this significant depreciation then you shouldn't be buying a Lambo. This couldn't be further from the truth..

If you buy a BRAND NEW LAMBO--yes, you will have much more depreciation than someone who waits a few years or capitalizes on mileage. I don't suggest buying a new lambo, even if you have 100 million in the bank, because it's just unwise. I don't believing in WASTING, no matter how much I have, and that's why I have in the first place. I save on EVERYTHING. Just look at the Huracan-- if you waited just a year, you saved 70k.

I've made money on all of my exotics, from my SL550, to my Gallardo, to my Bentley GT. I am about to get a Huracan for a STEAL and I could literally make money off of it immediately if I so chose. The trick is to buy after they slightly depreciate, due to both age and mileage. Then, after the first guy takes the hit, you can actually DRIVE the thing without having to worry about losing thousands everytime you take it out.

Who else has either MADE MONEY or lost very little?

Do you REALLY have money to buy a brand new Lambo?

[Its_a_lambo]

Sorry that this is my first post, but as I read through the forum, I notice that there are an abundance of people who have simply accepted significant depreciation as a fact; and that if you don't accept this significant depreciation then you shouldn't be buying a Lambo. This couldn't be further from the truth..

If you buy a BRAND NEW LAMBO--yes, you will have much more depreciation than someone who waits a few years or capitalizes on mileage. I don't suggest buying a new lambo, even if you have 100 million in the bank, because it's just unwise. I don't believing in WASTING, no matter how much I have, and that's why I have in the first place. I save on EVERYTHING. Just look at the Huracan-- if you waited just a year, you saved 70k.

I've made money on all of my exotics, from my SL550, to my Gallardo, to my Bentley GT. I am about to get a Huracan for a STEAL and I could literally make money off of it immediately if I so chose. The trick is to buy after they slightly depreciate, due to both age and mileage. Then, after the first guy takes the hit, you can actually DRIVE the thing without having to worry about losing thousands everytime you take it out.

Who else has either MADE MONEY or lost very little?

Not to rain on your theory bro...some of us if not most in this forum prefer new Cuz we could. You would do the same don't even try to deny it.....this sound just like those asshole on YouTube who bought a used Gallardo and claim ..."I'm driving a lambo by the age of 25 ...gtfo ta here lol....baller status is NEW car PERIOD.

Ps I got mine new also I write it all off!

[xudaniel1949]

Word of advice to OP, threads relate to money issues don't sit well with members here. lol

[Its_a_lambo]

Word of advice to OP, threads relate to money issues don't not sit well with members here. lol

I'm fortunate to do what I do and dealt with many affluent friends none of them like to get a used car. The OP said he saved on everything..sound to me like he's a cheap kinda person. I lived that life before and believe it or not I never hit the milestone where I wanted to me ...with exotic Cars like Huracan or Lambo we know we know what we're getting into when we buy new however like some of these guys said if you can afford it why wouldn't you? Also I'm willing to bet that between the OP vs the guys that can go new and take a hit..the guys that can take a hit is a lot more successful financially and in life .

Being cheap person or savings kind of person .. Penny pinchers stuff just never pann out in a way to success.

Believe I been there.

[Cmazza]

I'm fortunate to do what I do and dealt with many affluent friends none of them like to get a used car. The OP said he saved on everything..sound to me like he's a cheap kinda person. I lived that life before and believe it or not I never hit the milestone where I wanted to me ...with exotic Cars like Huracan or Lambo we know we know what we're getting into when we buy new however like some of these guys said if you can afford it why wouldn't you? Also I'm willing to bet that between the OP vs the guys that can go new and take a hit..the guys that can take a hit is a lot more successful financially and in life .

Being cheap person or savings kind of person .. Penny pinchers stuff just never pann out in a way to success.

Believe I been there.

Dude, I don't know what you do for a living, however your recipe for financial success goes against the formula of many successful people. Living below ones means and valuing money by saving where you can is a way to get ahead in life. Most successful people are also humble regarding their wealth. Would you still be buying an exotic car if you were not able to use it as a tax write off?

[Its_a_lambo]

Dude, I don't know what you do for a living, however your recipe for financial success goes against the formula of many successful people. Living below ones means and valuing money by saving where you can is a way to get ahead in life. Most successful people are also humble regarding their wealth. Would you still be buying an exotic car if you were not able to use it as a tax write off?

Formula is easy dude make the money get new ,,see?

Also most of my exotic car buying adventure have to do with business if it wasn't a way to kill or lower my taxes I wouldn't of done it my man.

Btw I'm in Wall St.

[jim.nalls79]

The problem with most exotics will be how you get rid of it, if you are going to trade in vs selling private which is not easy to do. Most used buyers rather buy from a dealer directly to avoid issues unless its a really unique car/color. In a trade: you are still going to take a major hit, so say if you buy a 15 Huracan at $220K now that had an original MSRP of $280K, great, you saved a lot and let the first guy take the hit, however say u drive it for a year or so and want to get rid of it, most dealers are going to offer you 20-30% less than market value. Your loss is much less but it's still a loss, don't see anyone come out without any loss let alone profit. Now if you were talking about a 911 GT3 RS and you were lucky enough to get an allocation, THEN you are making a profit.