• Average Prices for Buying New Exotic Cars: Realistic Expectations

    When buying a new exotic car you can expect that it is not going to be cheap. There are many reasons for the larger prices, but the most important is engineering and performance. These cars are labeled as exotic because of the incredible rarity and prestige that circles them. Names like Lamborghini, Ferrari, Aston Martin, Spyder, Lotus, and Porsche are all among the top brands and most highly respected. If you are thinking about buying a new exotic car, here are some realistic expectations about the cost of buying one of these super cars.

    Under $100,000?

    Unless you are looking to buy a very used super car, do not expect to pay under $100,000 for a new exotic car. These prices are not inflated as far as trying to achieve more money for the car, but very well deserved. These super cars are highly tuned, very engineered machines that can attain high speeds in just a matter of seconds. Starting out at $100,000 is a way to help regulate the use of these amazing machines.

    An Uneven Playing Field

    The best super cars are not going to be starting out in the $100,000 range. Depending on what type of exotic car you are looking for you can expect to pay up to $400,000 and even $500,000 for a brand new car. Sometimes where prices are going to reflect the name that is associated with it, but oftentimes the quality of the car is at stake. Cars like the Audi R8 and the Corvette ZR1 are in the low $100,000 price range. This is not a reflection of the quality, but of how far they have to go to reach other names in the exotic car field. The Mercedes Benz CLR McLaren can be had at $450,000 is near the top end of the price field. However, the price is well deserved.

    More in America

    Some of the more exotic cars can not be had in their original form in the United States. This is because there is just too much power under the hood for them to be safe on the U.S. roads. Limiters are often installed or they are just plain banned from the roads. In other cases, these exotic cars will actually cost more in the U.S. than in other countries. The import taxes, delivery costs, and premium attached to the car itself will drive up the price. 

    Insurance Costs are not Average

    One of the prices you must think about when buying a new exotic car are the insurance costs associated with them. Typically these can range into the tens of thousands per year just for basic coverage. Full comprehensive coverage will cost more depending on the actual make and model.

    An Investment for Future Gain

    While the Audi R8 may cost $100,000, the Lamborghini Gallardo $220,000, Ferrari Fiorano $250,000, and the Mercedes Benz McLaren a whopping $450,000, they are not just a car purchase. Think of these as an investment. With the way the car market has stabilized over the years, especially in the demand for rare exotic cars, you will not be losing a lot of money with this investment. With even just a few years of ownership you can resell for a slight profit, or to break even.