Hey gang! There’s a Tribute Edition available near me. How dumb would it be to buy this for my garage when I already own a 2023 Grand Tourer special edition??!
Is it possible for these limited run Stingers to go up in value?
anything is possible. a matte silver tribute is just two streets over from us. no. 566 on the door plate. I know, because today I found out that it belongs to our neighbors who have lived here even longer than we have. hah. sometimes news gets around slooowly.
but I don't expect their tribute to go up in value even though it is a very cool stinger indeed. we have two stingers. if you can budget it and your better half wants a stinger too, then go for it.
Yeah. It’s certainly not going to go up in value anytime soon. I was trying to get my wife to buy it but she’s not interested. Was thinking it could be an interesting gamble to have in my garage, but if I really want an “investment” car I should probably look for GTRs or something…
Investment cars are terrible ideas IMHO. Invest that $50K into stocks. Or buy a relatively inexpensive fun car (BRZ, Miata) and invest the rest into stocks.
The issue is you'll probably need to wait 20+ years before it ever shoots up in value. First it will dip, then if you're lucky and collectors and tuners want the car then it might become valuable.
If you're looking for a guaranteed collectable look at something like a used 2007-13 BMW M3 with the V8 with low miles or yes a GTR is pretty much a safe bet too.
Toyota FJ Cruiser gets my vote. A 10 year old model with under 100k miles will be north of $30k. Find one with under 30k miles and you're paying $20k over MSRP for it.
From one web search: "The Kia Stinger 3.3 Tribute Edition has strong potential to become a future classic and collectible car, particularly due to its low production numbers and farewell edition status. However, it is unlikely to become a six-figure auction item and will likely need many years to show a significant increase in value. For owners who preserve their vehicles well and keep mileage low, the Tribute Edition will most likely hold its value or appreciate over the long term. For collectors, the vehicle's significance as a "last hurrah" for Kia's internal-combustion performance era adds to its intrigue"
If you knew to buy a new Ferrari 308 GTB for $47,700 instead of a Porche 928 for $45,632 according to my 1977 Motor Manual Magazine new car price list, you would be half a million up on the Ferrari and 45.632 down on the Porsche.
But there you go. What makes one car more desirable 50 years later.
Going a little deeper, it's not just cars in my opinion. There are people out there who will buy something with the intent to try to recoup a sizable amount of value of it when they sell it--or try to sell it at a net profit.
For me, if I'm going to be spending money on something--wear and tear be damned, I want to actually enjoy using it rather than treating it like it's fragile. I feel like enjoying something and having fun with it (cars or otherwise) is something you can't really put a price tag on.
Don't get me wrong--it's your (royal your) money and spend it how every you (royal you) damned want. If you want to buy a car, garage it most of the year and then drive it around gently on the off chance that someone will buy it from you for more than you paid for it--by all means. I would much rather drive my car into the ground and have the memories of all the road trips, spirited driving, and fun I had with it without worrying about trying to convince someone that it was only used lightly 'on the weekends' when I want to sell it.
