When Precision Automotive Group was featured in the CNBC article on the classic car bubble, “Jay Leno Wannabes? Classic Car Market Goes Into Overdrive”, I warned investors to be wary of inflated car costs. In just a glimpse of the article, here is some advice on how the market is …
All Red Cars Are Great
I have two clients who daily drive a Porsche 997 Turbo. Here in the Midwest, with the closest thing to snow tires made for the car, they both have assured me it’s a great car in less than 6” of snow. I have another client that daily drives his Land …
ALL TESLAS ARE BAD
When I was about four years old, my mother was in the process of teaching me manners. She had me hold the door for a family that was leaving a local restaurant — they just happened to be Asian. As I turned to walk in, standing and staring at me …
DON’T BUY A CAR JUST BECAUSE IT’S BLUE
“Hey Dave! Which is better: a Cadillac or an Audi A6?” “Should I buy a Lexus SUV for my wife?” I get variations of these questions all the time. And I honestly have trouble giving a quick answer. Really, we need to find out more about the history of the …
Insufficient Inspections – 4 Mistakes When Buying Pre-Owned Exotic Cars
In this series, we’ll talk through the most common mistakes made when purchasing pre-owned exotic cars, and some tips on how to avoid these pitfalls. BUYING BASED ON INSUFFICIENT INSPECTIONS I remember selling a friend’s BMW not long ago. I wrote the ad, disclosed everything that was wrong with the …
Using Flawed Data – 4 Mistakes When Buying Pre-Owned Exotic Cars
In this series, we’ll talk through the most common mistakes made when purchasing pre-owned exotic cars, and some tips on how to avoid these pitfalls. BUYING BASED ON FLAWED DATA CARFAX is a decent tool. It gives us a general idea of the number of owners, if the car has …
Buying the Cheapest Model You Can Find – 4 Mistakes When Buying Pre-Owned Exotic Cars
In this series, we’ll talk through the most common mistakes made when purchasing pre-owned exotic cars, and some tips on how to avoid these pitfalls. BUYING THE LEAST EXPENSIVE MODEL YOU CAN FIND Yes, the pictures look great on eBay, it has a clean CARFAX, and a little old lady …
Not Factoring in Long-Term Costs – 4 Mistakes When Buying Pre-Owned Exotic Cars
In this series, we’ll talk through the most common mistakes made when purchasing pre-owned exotic cars, and some tips on how to avoid these pitfalls. MISTAKE 1: NOT FACTORING IN LONG-TERM MAINTENANCE COSTS Owning an exotic car is a feat coveted by many people. With depreciation schedules on exotic vehicles …