Owning a sports car is a life goal for many, but a lot of people struggle with when they should get one. After all, it’s a pretty big investment. Should you wait until you’re finished with high school to finally buy that sports car? After college? After you land your first big job? When you get a big bonus? In this newest blog series, we’re giving you an introduction to the world of sports cars, but perhaps the most important question is the one we’re tackling first—when should you get a sports car? Let’s examine a few factors before we get into it.
What Does a Sports Car Cost?
We’re covering finances first because it’s probably the number one factor in determining if you can afford a sports car. The average cost of a new sports car can range widely from $20,000 to millions of dollars, so it’ll be up to you to determine how much you can afford to spend on a sports car. If you’re really insistent on buying that new beauty, be prepared to pay for it though—according to the Kelley Blue Book, the price of new cars increases by two percent year over year, making even the more affordable sports cars difficult to purchase to the modern consumer. With that in mind, you might have to re-evaluate the personal cost of owning a new sports car.
Alternatives to New Sports Cars
When they’re properly maintained, used cars can be more reliable than brand new vehicles, which occasionally deal with factory recalls and safety issues. The key to knowing that you’re getting a good deal is to do your research and understand what you’re getting. (That’s the same general advice we give to the people who bid on our auctions.) With that being said, if cost is the primary factor that’s dissuading you from buying a sports car, looking at used cars is a great alternative to costly new ones.
Is Now the Right Time to Buy a Sports Car?
So, after that lesson in finances, it’s time to answer the question posed in the title: when should you finally buy a sports car? Here’s the answer: if you can afford a sports car, and get it insured, you should definitely buy one now. However, as discussed earlier, make sure you’re considering all of your alternatives. Since cost is the main factor in owning a sports car, consider alternatives like car auctions. Not only can you get a good deal, even with a salvage or slightly damaged car, you can still learn a lot about your car by fixing it up.
Ready to shop for some cheap sports cars? Take a look at Copart’s sports car listings. We have everything from exotic cars to luxury vehicles and classics. Registration is free, so all you have to worry about is winning the car of your dreams.