You've waited, worked, and saved your entire life.

Finally, you have that down payment for that home you've always dreamed of.

Wait, scratch that: exotic car.

To be honest, purchasing a luxury car might actually be a better investment than a home at this point. (Don't quote us on that – please use your own judgement.)

Things You Need to Know Before Selecting the Luxury Car of Your Dreams

Keep a few factors and tips in mind before you begin your life-changing search.

You don't want to go through the trouble of selling it off if you decide it isn't right for you a couple months down the road.

Remember that even if you're okay with a couple discrepancies, that doesn't mean your potential buyer will be once it's time to sell.

How Many Owners Has the Car Had?

If a car has passed through more than two sets of owners, you'll want to make sure it isn't carrying any unwanted baggage.

Having several owners doesn't necessarily mean something fishy is going on: sometimes people get sick of their vehicles and like to trade. Or maybe they're just very particular about certain things.

This could, however, suggest some problems. Find out why other owners got rid of it to ensure you won't have to do the same.

Get the (and Really Read It)

Make sure the car was serviced on schedule – you want exotic cars to be as well maintained as possible.

Are there any paint jobs listed on the report that could indicate a hidden repair?

If someone was in an accident and wants to avoid listing that on the CarFax, they could take it to a friend or unlicensed shop. The paint job, however, might still show up. Dig deep into all the records.

Pay Special Attention to Any Repairs

What type of repairs are on the CarFax report? Is it normal wear-and-tear or does it indicate an accident?

Was the car serviced for any repairs more than once? This could suggest that the car has an underlying defect or problem and, in that case, you'll want to run for the hills.

Take the Vehicle for a Long-term Test Spin

Look for businesses in your area that rent exotic cars by-the-day. They may not offer exactly the car you're looking to buy, but they probably offer something very similar.

Rent it for a day or two. See how it feels. Driving it for an extended period of time is a lot different than going for a 20-minute test drive at the dealership or with the owner. 

5 Exotic Cars You Need to Buy in 2018

Here's the top exotic cars of 2018 to spark your imagination.

1.    Ferrari 488 GTB

This luxury vehicle has a twin-turbo 3.9-liter V-8 engine and maximum 661 horsepower. That along with the seven-speed dual clutch helps you reach 60 mph in about 3 seconds.

2.    Lamborghini Huracan

If you want a car that feels like a stealth fighter jet, the Lamborghini Huracan is for you. The 5.2-liter V-10 and seven-speed dual clutch lets you fly in luxury. Unfortunately, manual transmission is not available for this model.

3.    McLaren 720S

The McLaren 720S is lightweight and offers several modes including drift, comfort, sport, and track to drive how you want when you want. For power, you get a twin-turbo 4.0-liter V-8 and rear wheel drive. Of course, a touchscreen infotainment system is also standard. Would you expect anything less?

4.    Porsche 911 GT2 RS

This vehicle takes the 911 to the next level with a twin-turbo engine, rear wheel drive, and seven-speed dual clutch to take you from zero to 60 in 2.7 seconds. If you want both speed and control, this one is for you.

5.    Bugatti Chiron

Nothing screams luxury quite like a Bugatti. The Chiron comes fully stocked with an 8-liter 16-cylinder engine, 1150 horsepower, and 1180 lbs./ft. of torque. As for speed, this car tops out at over 260 mph.

Which Will You Choose?

What's most important to you? Speed? Power? Handling? Interior?

Think about your options and then look for a place to rent exotic cars for a day before making a purchase.