A Used Ferrari – How to Buy a Supercar During a Recession

In a world where recession has pretty much put a stop to everybody's big spending habits, you would probably expect to see less extravagance in the world. By rights there should be less luxury yachts moored at every harbor, less luxury apartments with "Sold" signs on them and certainly less luxury cars parading up and down the high streets. There is, however, one way that I am aware of that should keep a steady stream of luxury cars on the highways and byways and that is the used car market.

It is no surprise that there is a booming trade in used prestige and luxury cars during the recession, but it may come as a surprise as to why this is the case. Shrewd buyers will know that luxury cars always experience a [phenomenal drop in value as soon as they are driven away from the dealership for the first time. This means that those of us who don't mind owning a used luxury car can come along and drive one away for up to 50% off the original price tag.

This drop in value comes directly as a consequence of used luxury cars like (Ferrari, Porsche and Lamborghini etc …) having less sales potential due to the "new or not at all" factor. Put simply, this means that those people who can afford luxury car brands are keen to have a new model that hasn't been owned by anyone else, or not have the car at all.

The plus side to this is that it means those of us with less material wealth now have a better chance to own a Used Ferrari or whatever supercar floats your boat!



Source by Pete Ridgard