In order for your plan to work, you'd need said car to increase in value more than the combined amount of:
- taxes paid
- storage costs
- service costs
- insurance costs
- interest costs on the loan
The car would have to do what 99.9999% of all cars on the planet fail to do - increase in value once it was purchased.
Now, if you live in a high inflation country, then the car may nominally increase in value more than the loan - but you're still losing money. You wouldn't be able to, say, swap the used car for a new one, so it's not really worth more.
>I did the math and you wouldn't be getting all of your money back; but at the end you made a profit and you did get to drive a rather expensive car.
If you didn't get your money back, by definition you didn't make a profit. You made a loss. A profit would be where you got all of your original capital back, and then some extra after all the expenses paid.
It just doesn't happen. Especially with brand new supercars.
In order for your plan to work, you'd need said car to increase in value more than the combined amount of: - taxes paid - storage costs - service costs - insurance costs - interest costs on the loan
The car would have to do what 99.9999% of all cars on the planet fail to do - increase in value once it was purchased.
Now, if you live in a high inflation country, then the car may nominally increase in value more than the loan - but you're still losing money. You wouldn't be able to, say, swap the used car for a new one, so it's not really worth more.
>I did the math and you wouldn't be getting all of your money back; but at the end you made a profit and you did get to drive a rather expensive car.
If you didn't get your money back, by definition you didn't make a profit. You made a loss. A profit would be where you got all of your original capital back, and then some extra after all the expenses paid.
It just doesn't happen. Especially with brand new supercars.