Gallardos - Why do they depreciate so much?

[Sharief]

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.

[BCA]

Too many speculators before its launch with deposits down to make a quick buck... too many gallardos in the market... too little warrantee available on them.

[Carrera2]

30% in 2-3 years.....it's pretty reasonable in the grand scheme of things. My car, M3 CSL, has depreciated almost 40% in the same time Luckily I didn't buy it new!

[PJR]

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..

[graham@reading]

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

[mybrainhurts]

Can't understand why the market tolerates absurd prices for parts...

£800 for a set of front pads, or something...?

Pisstake Central, eh...?

[graeme73s]

I think the reality is that most new cars will lose 50% of their value in the first three years. Good for the likes of me that would not mind a 2nd hand Vetorn. Heres hoping, Graeme

[cummingsa]

mybrainhurts said:

£800 for a set of front pads, or something...?

Not if you know the right places to go for them. Just got some front's for mine for a quarter of that figure.

Andy.

[cummingsa]

I dont think the Gallardo has depreciated anymore than say a 360 of the same year a 53 plate Gallardo or 360 are still fetching 80ish grand. I guess its down to the law of averages, the more the initail outlay the more its going to lose?

Andy.

[hobo]

Obviously you lose the VAT element the minute it leaves the showroom.

[andy355]

isnt it right that you cant renew the warranty on them?

certainly would discourage me from buying one out of warranty

[Jonny5]

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.

you need to buy smart and buy right

e.g a Gallardo SE will still be worth list 12 months on

[Carrera2]

hobo said:

Obviously you lose the VAT element the minute it leaves the showroom.

No you don't

[360boy]

You have to be brave to fork out on a brand new 612 Scaglietti or Quattroporte.
Remember to dreadful depreciation with the 456 Ferrari.

[burnt]

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

[Jonny5]

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

[GT2man-2]

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.

[trickywoo]

The AMG 65 engined mercedes are pure madness depreciation wise.

[GT2man-2]

Aye.. my CL65 did £90K in under 2yrs. (before I bought it !)

Edited by GT2man-2 on Thursday 16th November 10:35

[crikeymikey]

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.