Did you know only 550 Ford Ford GTs are made per year?
In most cases, the answer is “no”, buying a new car loses 20% value when you drive it off the lot.
But in some instances, if a car is limited in its stock it does not depreciate in value. The Ford GT is an example of one of those cars. In the case of millionaire Robert Price Jr., He purchased a Ford GT in 2022 for 500k. Two years later the car has doubled in value and amassed to $1 million.
A bad investment for a car would be a car that is mass-produced and still expensive. A Cadillac would be a bad investment because they are not limited in stock and can still cost over 100k. That’s 20k lost as soon as you leave the dealership.
Now, if you want to avoid an extreme amount of money on a car I would recommend a classic car. You can buy a classic car. A classic car would not go down in value and you can get one for cheaper than other cars. For example, a 1960s Mustang.
If you need a family car, focus on a car with good gas mileage because that is a way you can save money.
