Is a exotic car a good choice for a long term car?

Question

im 19 and i will use the car to go to college, work, supermarkets, hangouts, and possibly still use the car when i get married and have kids so is a exotic car a good choice for a long term daily drive car?

Answer 1

Absolutely not. Maybe for a second "toy" car, but not your primary car. One, it costs too much. Save your money and buy a cheaper car. Two, maintenance is too expensive. Three, most exotic cars have very bad gas mileage. Four, insurance will out the roof.

Answer 2

Speaking from my own observations and experience, an exotic just isn't a good daily driver, for several reasons, especially if one is talking something high-performance like a Jaguar or Ferrari:

1) Factory parts and quality labor are expensive unless you can do any major repairs or service yourself--never forget that tires, spark plugs/wires and ignition coils are all high-performance items, and often special order;
2) The engines run strictly premium fuel (and anything less than Chevron or Shell just doesn't cut it), and are mildly fuel efficient only if you're lucky or running 70-90 mph;
3) The proper insurance coverage is unusually expensive (daily driver as opposed to collector car)--especially since you are male and under the age of 25;
4) When driven frequently, they're targets for damage (such as dings, keying, paintballing, and egging), and bodywork in the event of damage comes with a substantial price tag;
5) The cars must be run through all their gears--including the top two--on a regular basis and for 2+ hours to keep them operating properly;
6) They aren't practical for hauling a family-sized load of groceries or more than one passenger--a Ferrari 308 has a duffel-sized storage space behind the engine, but the radiant heat is capable of melting lipstick within an hour. Any perishable foods wouldn't survive the drive home.

An exotic would be a great investment on your part, as for the most part they go up in value, and even when "used" (instead of "classic") retain their value well. But no one I know who's not filthy rich uses their exotic car as a daily driver. And even they prefer their Land Rovers to run around in.

Just to illustrate, all Ferraris must have their engines pulled and timing belts changed every 3 years or 30,000 miles. This is not optional--it is required. The belt service alone on a 308 is USD $3,000-$5,000. Something like a 512 or 355 will run you $8,000-$15,000. Jaguar v12's are famous for head gasket issues--and for the late v12's, it's impossible to get at the heads without disassembling some of the engine compartment.

My suggestion to you would be to get your exotic, and keep it for "fun" driving--use something else as your daily commuter. That way the commuter can take the damage and the wear-and-tear, and it won't hurt either your pocketbook or your heart so badly as it would if it were your high-performance baby.

Answer 3

At one time, 60+ years ago, if you bought a Rolls Royce you could reasonbly expect it to be the only car you would ever own. While the price, of course, is high, the fact that you would never need to buy another car, and given the likelyhood of it retaining (or even increasing) it's value, it would have been a very worthwhile investment. A Bentley would also be in this category.

At one time, Mercedes also had a reputation that, with proper maintence, they would last for hundreds of thousands of miles.

Can this be said today? I don't really think this is the case with Mercedes anymore. But after a number of years of ups and downs, Rolls Royce seems to have a winner with their new Phantom. I guess only time will tell.

Now, if you're considering anything else in the "exotic" market, likely the answer is "No".

Answer 4

That's too many places to go with an exotic car. Exotic cars are in the shop. Exotics are meant to be driven once every other month or less. Talk to some mechanics of exotic cars. Maintanence for Italian cars would run from $6000 to $10,000 every 15,000 miles. Usually italian cars end up in the shop after 100 miles. And of course avoid french exotics.

Answer 5

hmmmmmmmmm......... NO its good as a second car. My Mustang is a second car mostly due to its fuel consumption of 15mpg. My Focus does everything well and gets 33mpg. "if" you wanted a "exotic" for everyday i would suggest a Porsche 911. Assuming u can afford it. Or a Acura NSX i drove one for two weeks and it was very well for me but i can drive my Mustang everyday too but it would kill me on commute gas wise.

Answer 6

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Answer 7

cars depreciate no matter what you think is exotic my friend. unless you are talking about a true classic car that you can pay CASH for it forget about it.

Answer 8

Uhhh, yea. I suggest one with two seats, no radio, hot as heck, but sooo fun to drive.