Here are half a dozen options for sports car enthusiasts on real-world budgets.
These are heady times for some used cars. With the economy still teetering and credit hard to come by, car shoppers looking for used car deals - particularly on gas-sipping economy machines and small SUVs - are finding prices are up some 20 per cent since January, according to Kelly Blue Book.
But there's another side of the used-car coin that's decidedly in the buyer's favour: The high-end side. So-called supercars were once by definition built in small numbers; an extreme example would be the 39 GTOs Ferrari made by hand in the early ‘60s, which today trade for double-digit millions. But the advent of the high-tech factory and computer age has meant that in the past 10 to 15 years very powerful cars were built in comparatively large numbers. Translation: your dream machine likely has plummeted in price.
"There's no question that amazing cars like the
Ferrari 360 Modena (1999 to 2005) are in the, shall we say, more affordable range now, around $75,000 when they were twice that," says Keith Martin, publisher of Sports Car Market magazine and host/appraiser of Discovery HD Theater's What's My Car Worth? "But there's a caveat. You're not getting a free lunch, even if the price is way less than the original sticker. Buying a used supercar means being super sure maintenance was done right. Or else things get pricey very fast."
Martin says that German-made sports cars tend to wear better than their competitors to the south, but that's assuming the cars' original owners were meticulous about their machines.
One smart buy is
Porsche's iconic
911, especially the somewhat maligned model known as the 996 (1999-2005), says Sam Cameron, salesman with sports car broker Cars Dawydiak in San Francisco. "Some Porsche purists don't like the look of that model, or the fact that it was the first water-cooled 911 to come along," he says. "But if you don't mind those things, you can find them for $25,000 well preserved, and even some rough ones as low as the teens."
Here are half a dozen more once-pricey supercars whose values - though perhaps not their appeal - have sunk in recent years:
Dodge Viper(1991-2010; buy a solid used example for $25,000; when new around $98,000)
You have to smile when you see a Viper rumbling down the street. It's just that outrageous, a bit like a cartoonish star of Pixar's Cars franchise come to life. Designer Tom Gale's creation was always aimed squarely at the high-test(osterone) set, with its massive V-10 and a mandatory manual transmission. The meek need not apply.
"It's just a monster, and a lot of car for the money," says Martin. "If it's been well taken care of, you're good to go. There are no huge electrical issues or complicated engine servicing issues with this car. Just straight ahead American muscle."
Acura NSX(1990-2005; $30,000; when new around $90,000)
The NSX has always been polarizing. Is it the nicest-looking Japanese coupe ever built, or merely the homeliest wanna-be Italian racer ever made? Take your pick, but what's not up for debate is that the car offers bulletproof reliability, a low-slung seating position, and a parent company that does have some claim to racing (Indy and F1) fame.
"The NSX is definitely one way into ownership of an exotic car, but having said that, it's never gotten anyone excited visually," says Martin. "The buyers of these cars are saying ‘Look how well I spent my money,' which is fine. But supercar ownership isn't really about being a good deal."
BMW M3(E46 model, 2001-2006; $20,000; brand new, from $70,300)
Ever since its introduction in 1988, BMW's M3 sports coupe (and occasionally its four-door brother) has stood for the Munich company's racing heritage and track victories. The E46 was a watershed in the evolution of the M3 species, known for its 333-hp, six-cylinder, non-turbo engine that got those ponies from a mere three litres of displacement.
"Whenever I go to BMW events, I see people racing them around and I want one," jokes Martin. "But I wouldn't buy one with more that 50,000 miles [80,000 kilometres] on it, and I'd be very sure it's been properly serviced, as those cars can get very expensive to repair."
This is a hulking two-door, four-seat coupe in the grandest of European GT traditions-GT meaning "gran turismo," a car meant to be packed with belongings and driven across the continent very quickly. The secret is that it's essentially a re-bodied version of parent company
Volkswagen's 12-cylinder Phaeton sedan. But there's no shame in that when you feel it blast off.
"This is an elegant machine that hasn't changed its look since it was introduced, and a good used one is a far cry from what a new GT will set you back," says Martin. "That it's a Volkswagen means good things for the used-car shopper."
Everything about this iteration of the venerable Corvette is meant to impress, from its scandalous 7-litre engine pumping out 505 hp to its weight-saving aluminum frame (replacing steel in other models). What's more, though this Indy 500 pace car delivered blinding 0-96 km/h sprints of 3.6 seconds, it managed to do so while delivering respectable mileage.
"This is really an amazing value for a car with 500 horsepower," says Martin. "But perhaps what's even better is that the biggest price is the car itself. Compared with other exotics, there really shouldn't be many hidden gotchas with the cost of ownership."
Italian automakers have made huge strides with reliability in recent years, including Lamborghini. Of course, that may be because it's owned by
Audi and part of the Volkswagen Group. The Gallardo has been a huge hit for the company - some 10,000 have been built to date - due in large part to a blend of well-built German mechanicals and rakish Italian-inspired styling. The best of both worlds.
"Germans tend to like having their cars work. But a Porsche, say, will never have the sex appeal of a Ferrari. The Gallardo is a wonderful mix of the two," says Martin. "I'm very high on this car. If I had to go out a buy a used supercar today, that'd be the one.
Jeremy McGrath began his riding career not on motorcycles, but on the Southern BMX racing circuit. After he grew bored with racing bicycles, he looked for new challenges and settled on Supercross racing, bringing many of the skills and the showmanship that he had learned on the BMX circuit. Known for his flamboyant jumps as much as his victories, McGrath dominated Supercross like no other racer before him, pushing the popularity of the sport of motorcycle racing to new heights. The crowd appeal of his stunts helped spawn the sport of Freestyle Motocross. He began his Supercross winning career in the 250-cc division with his first full season in 1993, going on to win the championship for the next three consecutive years. While his tricks were audience pleasers, they also cost him the win in 1997, when attempting a stunt caused him to crash and lose the championship race. He went on to win again from 1998 to 2000. He also led the US team to victory in the Motocross des Nations championships in 1993 and 1996, when he was also named AMA Pro Athlete of the Year. Popular both on and off the track, he had many media appearances, and the mid 90s became known as the 'McGrath' era of the sport. Many of the later Motocross and Supercross racers who came into the sport in the mid 90s to early 2000s cited him as their racing inspiration. Between his rise to fame and when he finally retired and was inducted into the AMA Motorcycle Hall of Fame in 2003, McGrath had decimated every 250-cc Supercross record.
Ricky Carmichael has won more amateur and professional Motocross and Supercross titles than any other rider. He is so highly regarded in the sport that his nickname was the G.O.A.T, or Greatest Of All Time. After receiving his first bike at the age of five, he competed in his first race that same year. Eventually he would go on to win 67 amateur titles before moving onto the pros in 1996 at the age of seventeen. He began his championship winning streak a year later in the 125-cc class, winning the AMA Outdoor National Motocross Championship for four years running. Before moving on to the 250-cc division in 2000, he had broken every record in the 125-cc class. After a disappointing first year, he hired a personal trainer to get himself in shape and never looked back. In 2001 he finished ranked first place in both 250-cc Motocross and Supercross and was awarded AMA Pro Racing Athlete of the Year. In 2002, he made AMA history with the first perfect season, winning not only all 12 250-cc races in the season, but also every qualifying heat. This accomplishment may be equaled in the future, but it can never be beaten. For this he was again named AMA Pro Racing Athlete of the Year. By the time he retired from the pro circuit in 2006, he had a staggering 12 AMA championships and over 150 wins, the highest number in AMA history.
