Gallardos - Why do they depreciate so much?
Discussion
Vesuvius 996 said:
There's a 6,000 miler in Silver on here (LHD) up for £70k....
What's the catch, other than no warranty.
What's the catch, other than no warranty.
Probably been through a dry-stone wall at some point in it's life and spent the last 12 months gathering dust in the corner of a work shop.
I wouldn't touch a car that cheap with a barge pole. Something's not right IMO.
Cheap Gallardos was the subject of a 'buying used' article in EVO recently. Basically a perfect RHD car can be had for as little as £70K. They are totally bullet-proof as long as Agip oil has been used. The only issue is that the handbrake doesn't work brilliantly - even the owner's manual advises of this! Quite why they don't simply make a handbrake that does work properly is beyond me... anyway, I digress... The only reason I can think of for Gallardos depreciating so fast is that there no real UK dealer network for Lamborghini so you have to traipse all the way to London every time you need anything done. This is probably because Lambo' used to sell so few cars that they couldn't justify investing in premises all over the UK. Hopefully as production increases and people realise that they now produce quality cars dealer support will expand to meet a growing demand.
MitchT said:
Cheap Gallardos was the subject of a 'buying used' article in EVO recently. Basically a perfect RHD car can be had for as little as £70K. They are totally bullet-proof as long as Agip oil has been used. The only issue is that the handbrake doesn't work brilliantly - even the owner's manual advises of this! Quite why they don't simply make a handbrake that does work properly is beyond me... anyway, I digress... The only reason I can think of for Gallardos depreciating so fast is that there no real UK dealer network for Lamborghini so you have to traipse all the way to London every time you need anything done. This is probably because Lambo' used to sell so few cars that they couldn't justify investing in premises all over the UK. Hopefully as production increases and people realise that they now produce quality cars dealer support will expand to meet a growing demand.
as much as i like EVO they got a few facts & figures wrong & made some strange comparisons in that article. as for a perfect RHD gallardo for 70 grand...they dont exist.
MitchT said:
Cheap Gallardos was the subject of a 'buying used' article in EVO recently. Basically a perfect RHD car can be had for as little as £70K. They are totally bullet-proof as long as Agip oil has been used. The only issue is that the handbrake doesn't work brilliantly - even the owner's manual advises of this! Quite why they don't simply make a handbrake that does work properly is beyond me... anyway, I digress... The only reason I can think of for Gallardos depreciating so fast is that there no real UK dealer network for Lamborghini so you have to traipse all the way to London every time you need anything done. This is probably because Lambo' used to sell so few cars that they couldn't justify investing in premises all over the UK. Hopefully as production increases and people realise that they now produce quality cars dealer support will expand to meet a growing demand.
Wrong,Wrong,Wrong!!
70K RHD perfect Gallardo I don't think so, try nearer 85K. Also there are four dealers in the UK now (and have been for a while) Lambo Manchester's service is second to None.
Andy.
Great article, but a little out on prices Couldn't this trend just signify that there will be an economic slow-down? I mean the 4 seater Ferraris and Maseratis have never done well but if the Gallardo had come out 5 years earlier it may still be worth near list price (maybe)? The AMV8 is another huge surprise for me - very weak residuals.
mc_blue said:
Couldn't this trend just signify that there will be an economic slow-down? I mean the 4 seater Ferraris and Maseratis have never done well but if the Gallardo had come out 5 years earlier it may still be worth near list price (maybe)? The AMV8 is another huge surprise for me - very weak residuals.
Residuals are being affected by the reluctance of people to do equity release from their house to fund a supercar for a bit.
Vesuvius 996 said:
mc_blue said:
Couldn't this trend just signify that there will be an economic slow-down? I mean the 4 seater Ferraris and Maseratis have never done well but if the Gallardo had come out 5 years earlier it may still be worth near list price (maybe)? The AMV8 is another huge surprise for me - very weak residuals.
Residuals are being affected by the reluctance of people to do equity release from their house to fund a supercar for a bit.
That's a good point - I presume this is due to the uncertainty in the housing market. Some cars do feature very strong residuals though - for instance the F430 - although I think this could be due to the limited supply.
mc_blue said:
Vesuvius 996 said:
mc_blue said:
Couldn't this trend just signify that there will be an economic slow-down? I mean the 4 seater Ferraris and Maseratis have never done well but if the Gallardo had come out 5 years earlier it may still be worth near list price (maybe)? The AMV8 is another huge surprise for me - very weak residuals.
Residuals are being affected by the reluctance of people to do equity release from their house to fund a supercar for a bit.
That's a good point - I presume this is due to the uncertainty in the housing market. Some cars do feature very strong residuals though - for instance the F430 - although I think this could be due to the limited supply.
Yup. I know plenty of people who have taken £50k out of their home, bought a 996 Turbo and are now selling up and paying back into the mortgage now that rates are on the increase.
Thus the oversupply of top end 911s.
Generally people who did this went "supercar" not "hypercar" - i.e. a Turbo 911 or 355 rather than a Murci or 430.
It's having a real effect on residuals.
There are a couple of things at work here....
One is perception of the car in question, and in this case the importance of biased people like Clarkson can be frustrating (he can ramp crap cars like some used to ramp crap stocks in the internet boom). On the whole though if a car is well written about more will test/buy.
The other, critical factor is supply and demand. The AMV8s that someone raises is a great case in point - too few at release, so independants were asking 100k, too many now so they're easy to buy cheaply.
Doesn't matter what price of car, right up to Enzo's and Veyron's, supply and demand matters. Romans have 4 Enzos advertised at the moment.... Must put them at about 550k max.
One is perception of the car in question, and in this case the importance of biased people like Clarkson can be frustrating (he can ramp crap cars like some used to ramp crap stocks in the internet boom). On the whole though if a car is well written about more will test/buy.
The other, critical factor is supply and demand. The AMV8s that someone raises is a great case in point - too few at release, so independants were asking 100k, too many now so they're easy to buy cheaply.
Doesn't matter what price of car, right up to Enzo's and Veyron's, supply and demand matters. Romans have 4 Enzos advertised at the moment.... Must put them at about 550k max.
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