Exotic cars can set you back quite a bit, so before you go diving in headfirst for that brand new Ferrari, it’s best to sit down with the finances and figure out your best course of action. A lowballed, low point estimate for a nice, new exotic car could be anywhere from $50,000 to $70,000, so here are some tips to consider when shopping for exotic cars.
• First things first. It’s in your best interest to do some research into dealer invoice pricing before strolling into a car dealership. Since exotic cars can potentially earn a dealership huge profit margins, their original price points may be significantly lower than what the sticker says. Therefore, you should always know what the dealer invoice price is on any exotic vehicle that you’re thinking of buying. At certain websites like Kelley Blue Book or Edmunds, you can find a wide variety of cars and their respective dealer invoice price. With this tool in your hands, you can feel comfortable walking into a car dealership with an upper hand. Use these negotiating tactics to earn yourself a lower price on that new exotic car.
• Leasing an exotic car is always an option. If you’re short of cash and still want to purchase an exotic vehicle, leasing one can save you hefty monthly payments that you otherwise would’ve made had you bought it direct. This means you pay a much smaller down payment and lower monthly fees, but the car is still yours!
Leasing your exotic car makes it so that your monthly payments are low enough to be considered a steal. Plus, leasing means that you have the great option of driving the car for a short amount of time, even as short as two or three years.
• Buying brand new, fresh onto the scene exotic cars is ridiculously expensive. If you have the money for it, by all means, take it. But for those who want to be a bit more frugal, it may be worth your while to think of off lease. These cars are essentially on sale at much lower prices than the original manufacturer’s suggested retail price. More often than not, people will lease exotic cars and promptly release the car back to its original leasing company. Afterwards, these cars tend to be auctioned and sold to car dealerships across the United States for cheaper prices- saving you money.
If you decide to go ahead and buy an exotic car, you’ll have some serious choices to make down the line. What color? What special features? What maintenance shop? What insurance package? The last one there is the kicker. Insurance packages for exotic cars tend to be on the expensive side due to their knack for getting into serious wrecks, but if you’re set on it, then there’s no better agency than the Boardwalk Insurance Group. With years of experience in the car insurance market, their highly knowledgeable staff will help you pick out the plan that suits your budget and your taste. They’ll have you wondering why everything else in life isn’t this easy.