There is no denying that buying a sports car is one of the pinnacle symbols of pride and success. Sports cars are designed to offer premium performance and far superior driving experience. Their world is elite, as not many people can afford to buy one.
However, there are a few considerations you need to make before investing in a sports car, due the high costs of maintenance and ongoing expenses.
Before you hit the pedal and proceed to purchase one, here are 4 important aspects to consider when buying a sports car.
Your habits and individual needs will help establish the type of sports car you want. Most sports cars come in the form of coupés or roadsters. Two-door super cars often have four seats and can be great fun to drive but are not very practical for everyday driving.
For those who want to use the vehicle for day-to-day driving and can afford higher running costs –including expensive insurance premiums and road tax, higher fuel consumption and maintenance - a luxury super car, such as Bugatti or Lamborghini might be a better option.
Alternatively, the market offers some cheaper options, even for brand new vehicles. For instance, you can buy a new Mazda MX-5 for less than £20,000, or a 15-year-old used Mercedes-Benz SL-Class for around £10,000.
Most new cars depreciate or lose value immediately after you drive them off a dealer's foreground. Sports cars are far more recession-proof; in particular custom sports cars with better performance features than the original design.
The most exclusive manufacturers tend to only produce limited quantities of their most special models. The secret to making a return on your investment from a sports car purchase is to invest in a collectible vehicle, which had a limited production run.
Although at first it might be an expensive deal, the investment could well be worth the money as the car is less likely to lose value. Also, investing in a sports car is certainly more fun than investing in stocks and bonds!
There are two important considerations behind choosing a convertible or non-convertible sports car. The first reason is the weather; roof materials and mechanisms have improved significantly in recent years, but with a convertible there is always the risk of a leak. So, if you live in a rainy climate, a non-convertible is the obvious choice. The second important factor is the price—a convertible is more expensive, as when the weather is warm allows you to enjoy the sun on your face, and when it is raining you can simply put up your roof. It’s worth weighing this up if the price justifies it!
Sports car insurance is an essential solution to protecting your vehicle in the case of theft. At Prestige Vehicle Insurance, we specialise in arranging the best high performance car insurance policies, whatever the make or model you have.
Our sports car insurance offers the peace of mind you need every day, but particularly during these difficult times. We understand the attention to detail and superior care a sports car needs; we can tailor your policy to your requirements.
With many types of specialist cover, our team understands the worry that comes with the unfortunate event of claiming from your supercar insurance, so we will manage the process for you and help to negotiate a settlement.
Find out more about our Bugatti or Lamborghini insurance with Prestige Vehicle Insurance. To learn more about our policies or get a free online insurance quote, call us today on 01202 754 900 and our friendly expert team will be happy to answer any questions.