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Theyre exciting to drive and, for some, are also a status symbol.
But while sports cars have a lot to offer, theyre not alwaysworth the cost.
The starting MSRP for these vehicles can be relatively low, but it can also quickly become pricey.
Some, like the 2024 Nissan Z, cost around $44,000 to start.
Others, like the 2024 Jaguar F-punch in, cost closer to $79,000 and go up from there.
And then theres the cost of ownership over time.
It has a Ferrari built flat crank V8 engine, Kilmer said.
Even used it goes for a high starting price, but it depreciates quickly as well.
Inabout five years, you could kiss goodbye about $55,000, Kilmer said.
If you buy one, be prepared to lose a whole bunch of money just in the lost value.
And if youre thinking about getting an AMG one, think twice about it.
Theyre fancier and go faster, he said, but they tend to lose value at the same rate.
They also have a higher base starting point, even used.
That way, you get to enjoy the experience of driving one without the extra expense.
In two years, they pretty much depreciate about 45% in value, Kilmer said.
Im telling you, theyre not great-made vehicles.
According to him, Chevrolet has hadquite a few quality issueswhen it comes to their Camaros.
The quality just isnt there, Kilmer said.
And for the money theyre asking, dont buy one.
When it comes to Chevrolet, Kilmer also advised against getting a ZL1.
They costroughly double the Camaroand, while they offer exceptional performance, still depreciate quickly.
New and used models also have high maintenance costs.
Its atrue sports car, he said.
Its much faster than even a Dodge Challenger with a Hellcat engine with 700-something horsepower …
The thing is, these things have very little resale value.
Kilmer gave an example of a customer of his who purchased a Model S from someone else.
Depreciation aside, Teslas are fairly expensive to maintain.
According toRepairPal, this vehicle costs around $1,047 a year on average to repair and maintain.
They also depreciate quickly, said Kilmer.
The average depreciation rate is about 43% in five years.
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