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  • In Kenya, the cheapest car costs roughly Ksh.300,000. This is the automobile, which is in good working order. When hunting for used cars in Kenya, the price is a little lower. They are also around Ksh 1 million if you are searching for a quality automobile. - Source: Internet
  • One of the largest challenges faced by those who invest in collectible cars is the risk of immediate devaluation following an automobile accident which causes physical damage to the vehicle. The most expensive car crash in recorded motoring history was caused by Christopher Cox, who crashed while driving his Ferrari 250 GTO and completely destroyed its front end. The car itself has an estimated value of approximately $30 million (USD) prior to the incident.[38] - Source: Internet
  • The market began in the 1970s when used Ferraris were exported to Italian exotic car dealers in the United States who were willing to buy every vehicle which they were offered. During the 1973 oil crisis (when prices of exotic cars plummeted rapidly), almost new and top-of-range models frequented in used car lots, a Lamborghini Miura could be bought for $15,000 at the time.[31] A 1960 Ferrari 250 GT SWB California Spider that went on to sell for $4,950,000 in 2009 was offered for sale in the June 1964 issue of Road & Track for US$10,500 (equivalent to $92,000 in 2021), in the April 1976 issue of Hemmings Motor News, the same car was offered at US$16,750 (equivalent to $80,000 in 2021).[32] After a period of ups and downs in the 1970s and early 1980s, interest rates eased, meaning highly desirable exotic cars whose decals once frequented bedroom walls of collectible car fans suddenly became affordable.[31] - Source: Internet
  • During the 1980s boom, investors frequented auctions, causing prices to skyrocket. When cars were sold, they were commonly shifted to storage for investors intending to eventually profit on their accrued collectors value. The high prices drove enthusiasts away from the market, and cars passed from investor to investor with little or no profit gained.[18] The 1980s boom was followed by 1990s bust, and the values of classic cars plummeted, causing most owners to lose considerable portions of their investment portfolio values.[33] - Source: Internet
  • Although in general, prices of collectible cars have slightly recessed as a result of the recent recession,[36] prices for most high-end collector cars have held their value or continued to rise.[4] Since the 1990s recession, values of the most desirable cars have risen by at least 200%.[33] This changing trend in value fluctuation can be attributed to most investors thoroughly researching the cars they are interested prior to purchase, in contrast to the short-sighted, spontaneous purchases which destabilized the collectible car market during the 1980s.[37] - Source: Internet
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