Gallardos - Why do they depreciate so much?
Discussion
Recently, this question has been bugging me. A new Lambo costs 120k, give or take. But somehow, you can now get a Gallardo with 17.5k miles for only 80k (PH classifieds), and I don't know why this is. It's not LHD, as far as I can see, and it's supposedly a very good car. I haven't heard of any reliability problems, and it's not being replaced by a newer model, like the 360. I know you can get a 360 for cheaper than a Gallardo, but it's not MILES cheaper, just a bit. An F1 Spider is the same price, and it's older than the Gallardo.
So, PHers, is why the Gallardo is so cheap? Unless I'm having a completely warped vision of the world and it is depreciating just averagely.
So, PHers, is why the Gallardo is so cheap? Unless I'm having a completely warped vision of the world and it is depreciating just averagely.
Sharief said:
Recently, this question has been bugging me. A new Lambo costs 120k, give or take. But somehow, you can now get a Gallardo with 17.5k miles for only 80k (PH classifieds), and I don't know why this is. It's not LHD, as far as I can see, and it's supposedly a very good car. I haven't heard of any reliability problems, and it's not being replaced by a newer model, like the 360. I know you can get a 360 for cheaper than a Gallardo, but it's not MILES cheaper, just a bit. An F1 Spider is the same price, and it's older than the Gallardo.
So, PHers, is why the Gallardo is so cheap? Unless I'm having a completely warped vision of the world and it is depreciating just averagely.
So, PHers, is why the Gallardo is so cheap? Unless I'm having a completely warped vision of the world and it is depreciating just averagely.
you need to buy smart and buy right
e.g a Gallardo SE will still be worth list 12 months on
burnt said:
Los Angeles said:
graham@reading said:
You think that's bad, there's a Koenigsegg CCR in Pangbourne that's a year old, done 3600 miles and is on sale for 100k less than new
Bloody hell. You have to question the sanity of the buyer.He has plenty of others in the garage
yep mr saywell
now when will he sell me his Zonda
Sharief said:
But somehow, you can now get a Gallardo with 17.5k miles for only 80k (PH classifieds), and I don't know why this is.
In that instance, the miles are a tad high, most 2004 cars are sub-10k miles, it's in black (dull colour, and too many of them around), it has no satnav, and the interior is interesting to say the least.
Add those factors together, and consider there are so many Gallardos around, the car has to be that "cheap" to make it more saleable.
PJR said:
There are next to no expensive cars which don't depreciate heavily from new. So nothing special nor unusual about the Gallardo in this respect I think..
Agreed. Friend of mine has a Carrera GT. Paid £330K for it 18 months ago, be lucky to get £200K for it now. Eek! SLRs don't fare much better.
The exception to this has always been Ferrari. People are so keen to buy into the image of this marque that residuals are very strong. I call this "The Harley Davidson Effect". Where the vehicle is almost incidental to the allure of ownership. A great trick to pull off, make no mistake.
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