Understanding Why Some Used Cars Outprice New Ones

When we think of purchasing a used car, we usually anticipate a significant price drop compared to the cost of the latest model. However, not all used cars are a cheaper alternative to their newer counterparts. Some of these automotive gems, in fact, fetch a hefty sum on the used market, often outpricing their brand-new successors.

Whether due to their iconic status, limited production numbers, or exceptional performance capabilities, these cars continue to defy the norm, proving that sometimes, older can mean more expensive.

Porsche 911 (993 generation)

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The 993 generation of the Porsche 911, produced from 1994 to 1998, is highly coveted. It’s the last of the air-cooled 911 models and is appreciated for its classic yet modern design, superb handling, and overall build quality. Prices for well-maintained examples can easily exceed $100,000, much more than a brand-new base model 911.

Toyota Supra (MK4)

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The MK4 Toyota Supra, built from 1993 to 2002, has attained near-mythical status among car enthusiasts, partly due to its starring role in the “Fast and Furious” franchise. The twin-turbo models, particularly those with a manual transmission, are especially valuable. Prices for pristine examples can exceed $100,000, more than the cost of a new Supra.

Acura NSX (first generation)

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The first-generation Acura NSX, produced from 1990 to 2005, is highly sought after for its mid-engine layout, engaging driving experience, and high-revving V6 engine. The older NSX models have begun to appreciate in value, with good examples selling for over $100,000, which is higher than the starting price of the newer model.

Ford Mustang Boss 429

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This classic muscle car from 1969 and 1970 is one of the most sought-after Mustang models due to its rarity (only 1,359 were made) and its massive 429 cubic inch V8. While a new Mustang starts at around $30,000, a well-preserved Boss 429 can go for more than $200,000 at auction.

BMW M3 (E30)

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The E30 M3, produced from 1985 to 1992, was the first of BMW’s M3 line and is now considered a collector’s item. It is revered for its race-car-like handling, distinctive boxy styling, and limited production numbers. Prices for good condition E30 M3s can exceed $70,000, more than a new M3.

Mercedes-Benz 300SL Gullwing

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The 300SL, produced from 1954 to 1957, is an icon with its distinctive gullwing doors. Its combination of stunning looks, performance for the era, and limited production numbers means that values have soared. Well-kept examples can sell for over $1 million, making it far more expensive than any new Mercedes-Benz model.

Ferrari 250 GTO

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This is one of the most expensive cars ever sold at auction, with one model fetching $48.4 million in 2018. Only 39 were built between 1962 and 1964, making it extremely rare. Its racing pedigree and beautiful design make it more desirable and valuable than any new Ferrari.

Porsche 356

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This is the car that started the Porsche legend. Produced from 1948 to 1965, the 356 is highly sought-after today for its vintage appeal, historical significance, and fun driving dynamics. In excellent condition, these cars often fetch over $100,000 at auctions, far more than a new Porsche Boxster or Cayman.

Lamborghini Miura

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Produced between 1966 and 1973, the Miura is often considered the first supercar. With its striking design, mid-engine layout, and impressive performance, the Miura is highly desirable among collectors. Prices often exceed $1 million, significantly more than a new Lamborghini.

Toyota Land Cruiser FJ40

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The FJ40, produced from 1960 to 1984, is famous for its off-road ability and reliability. Restored models, especially those from the late 60s to early 70s, are highly prized by collectors. They often sell for over $50,000, well above the cost of a new, base-model Land Cruiser.

Chevrolet Corvette (C2)

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Known as the Sting Ray, the C2 Corvette was made from 1963 to 1967 and is considered by many to be the most desirable Corvette. Its combination of stunning looks, strong performance, and the fact that it’s the first Corvette coupe has made it a collector’s favorite. Pristine models, particularly the high-performance “Fuelie” and big-block V8 versions, can fetch over $100,000.

Honda S2000

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This roadster, produced between 1999 and 2009, is famous for its high-revving 2.0L engine, balanced handling, and precise manual transmission. Good condition AP1 models (1999-2003), particularly those with low mileage, have seen their values rise in recent years, often exceeding the price of a brand-new Honda Civic Si or a Type R.

This article originally appeared on MyCarMakesNoise.

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Author: Dave Johnston

Dave is a hands-on automotive technician with experience in performing service, diagnostics, and repairs on domestic and imported vehicles. He enjoys writing and sharing his knowledge far and wide.

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