I almost didn’t believe it until I ran the numbers myself. The car I bought myself to keep my sane during COVID has now left my collection and when I saw the dollars, I just knew I had to share them with you all.
Want to learn more about how I made almost a $100k off this one hack? Keep reading.
Hermes Dawn Buying Short Cuts
2016 Rolls Royce Dawn
MSRP NEW: $410,000
Good Mileage: Under 20k
Options Preferred: Floor mats, Premium Audio, Special Edition
Nice options (Not mandatory): Black badge, Provenance Warranty
Warranty: 4yr/unlimited miles
Cost Breakdown
Purchase price: $190,000
Financing: Cash
Total payments: N/A
Other expenses during (24) months:
- Service: N/A included under Provenance warranty
- Mods: $7,000 wheels and suspension
- Repairs: N/A included under Provenance warranty
Total Invested For (24) Months of Ownership: $7,000
Sold: $280,000
Total GAIN of ownership: $83,000
GAIN Divided into Monthly ownership: $3,458/month
One of my top 3 favorite cars of all time. Very rare 1 of 1 Euro delivery Hermes spec. Dealer had terrible photos and made seats look yellow. I bought the car not knowing it had the Provenance warranty, then realized it was given the 10 year extended warranty due to it being the Euro spec. In 2 years I put 8,000 miles on the car and sold it for a very solid profit, without ever listing it online.
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