Harris Gallardo for sale?
Discussion
well he doesnt have an option really.
The point of the excercise was to raise awareness of the ability to buy a very expensive car on finance and run it for say 6/12 months and it all costs less than a mondeo. Lets hope no one has fallen for that one!
He is selling it probably because, firstly in the us the premium has all but gone ( and its falling rapidly here) and secondly you only have to go to the shops a few times and then the car no longer commands any premium at all, thirdly it will need a service soon; so whats the point of that?? he has owned a 'supercar' for a few months, done next to no miles, for what exactly???
Im sure for this purpose he will come out OK even if lambo actually buy the car back, its been good publicity; but for anyone else beware of the hazards of balloon payment finance - the article was meant to show the merits of it, but keep that car just a litte longer and it will lose money quicker than the rate you are paying for it!
The point of the excercise was to raise awareness of the ability to buy a very expensive car on finance and run it for say 6/12 months and it all costs less than a mondeo. Lets hope no one has fallen for that one!
He is selling it probably because, firstly in the us the premium has all but gone ( and its falling rapidly here) and secondly you only have to go to the shops a few times and then the car no longer commands any premium at all, thirdly it will need a service soon; so whats the point of that?? he has owned a 'supercar' for a few months, done next to no miles, for what exactly???
Im sure for this purpose he will come out OK even if lambo actually buy the car back, its been good publicity; but for anyone else beware of the hazards of balloon payment finance - the article was meant to show the merits of it, but keep that car just a litte longer and it will lose money quicker than the rate you are paying for it!
Thom, nice to see you again 
I'm fine - just getting older!!
Haven't bothered with a test run because until prices stabilise I'm not a buyer.
Disappointed that Chris Harris didn't tell us a bit more about the car, but I suppose they have a full road test coming up and we'll just have to wait.
To go from a 996 Turbo to a Gallardo may seem crazy, but I hanker after that exciting feeling you get with an exotic Italian - never quite know if you're going to get there...
I'm fine - just getting older!!
Haven't bothered with a test run because until prices stabilise I'm not a buyer.
Disappointed that Chris Harris didn't tell us a bit more about the car, but I suppose they have a full road test coming up and we'll just have to wait.
To go from a 996 Turbo to a Gallardo may seem crazy, but I hanker after that exciting feeling you get with an exotic Italian - never quite know if you're going to get there...
Andrew Richmond said:
The premium market for most things goes very fast these days - look at the SL55!
I would'nt be surprised if Bentley premiums' don't last through the summer. As for the Gallardo, how many of the specialist dealers are actually managing to shift them?
Not many shifting them I suspect the problem is also that the Gallardo was priced 'ahead' of the market- it needed to be more 996TT money; As a result when the downside comes its harsher than it otherwise would have been.
Chris's car is in LL right now. It's up for sale, Sale or Return or privately if you email him.
He's quite honest - says he can't afford to run into the summer - he also says it's been a real eye-opener for him, as he expected it to lose considerable appeal for him on a day-to-day basis, but it's been a joy.
And I suspect he hasn't been pootling round in it either!
Anjum
He's quite honest - says he can't afford to run into the summer - he also says it's been a real eye-opener for him, as he expected it to lose considerable appeal for him on a day-to-day basis, but it's been a joy.
And I suspect he hasn't been pootling round in it either!
Anjum
anjum said:
Chris's car is in LL right now. It's up for sale, Sale or Return or privately if you email him.
He's quite honest - says he can't afford to run into the summer - he also says it's been a real eye-opener for him, as he expected it to lose considerable appeal for him on a day-to-day basis, but it's been a joy.
And I suspect he hasn't been pootling round in it either!
Anjum
yes but the point of the foray into this acording to autocar was to show how easy it is to buy a supercar on finance and run it for i quote'less than a mondeo' in fact he cant run it beyond a few months otherwise he will lose his shirt!
It was a silly article wasting page space and proving.....well nothing!!
It'll be interesting to see how quickly it sells and for what price. There are so many interesting cars out there well under 100k that it'd have to be a good deal less than this to attract a buyer quickly I think. There also seem to be quite a few Gallardo ads all over the shop at the moment.
I just don't think the Gallardo is the sort of machine to attract people by their heart strings - its styling isn't good enough. I know it sounds daft, and many people disagree, but I can't help thinking that if it had different rear light clusters and upswinging doors it'd move it more into the "special" category.
I'm not sure Harris bought it to prove you could run one for Mondeo money though. He strikes me as someone with petrol in his veins who wanted to own a Lambo.
I do think the article in Autocar was verging on irresponsible though.
I just don't think the Gallardo is the sort of machine to attract people by their heart strings - its styling isn't good enough. I know it sounds daft, and many people disagree, but I can't help thinking that if it had different rear light clusters and upswinging doors it'd move it more into the "special" category.
I'm not sure Harris bought it to prove you could run one for Mondeo money though. He strikes me as someone with petrol in his veins who wanted to own a Lambo.
I do think the article in Autocar was verging on irresponsible though.
oh I think he will get out of it alright.
Lambo london will give it the push from their end so that Autocar can report what a rewarding and 'free' experience it has all been.
I think its a great pity that Autocar as a publication has become just a marketplace for pushing the metal with little in depth analysis of cars in general.
This week they even have a 'maximum power' feature where owners of maxxed up novas take up 4 pages.
Lambo london will give it the push from their end so that Autocar can report what a rewarding and 'free' experience it has all been.
I think its a great pity that Autocar as a publication has become just a marketplace for pushing the metal with little in depth analysis of cars in general.
This week they even have a 'maximum power' feature where owners of maxxed up novas take up 4 pages.
well, for what it's worth........
Although it is true that there is a gamble element here, and one should be careful about this sort of thing, on the other hand he has been able to experience
owning a true supercar. Most people are happy to just get a ride in one.
So the point of the execise for him was having the experience of owning a Lamborghini, yet not having to actually part with an insane amount of money, even if he loses on the deal it may well still have been worth it - anyone who plays with cars knows that it doesn't make financial sense !
If you are lucky enough to own and run a Ferrari etc long term, then good for you, but if there is a way of having the experience, even if for a very short time then some people may be prepared to take a risk, after all whats the point in living if you don't fulfill the odd dream !
Good luck to Chris, I hope he enjoyed the car (I bet he did) and I hope he doesn't get too burnt.
Although it is true that there is a gamble element here, and one should be careful about this sort of thing, on the other hand he has been able to experience
owning a true supercar. Most people are happy to just get a ride in one.
So the point of the execise for him was having the experience of owning a Lamborghini, yet not having to actually part with an insane amount of money, even if he loses on the deal it may well still have been worth it - anyone who plays with cars knows that it doesn't make financial sense !
If you are lucky enough to own and run a Ferrari etc long term, then good for you, but if there is a way of having the experience, even if for a very short time then some people may be prepared to take a risk, after all whats the point in living if you don't fulfill the odd dream !
Good luck to Chris, I hope he enjoyed the car (I bet he did) and I hope he doesn't get too burnt.
guydw said:
well, for what it's worth........
Although it is true that there is a gamble element here, and one should be careful about this sort of thing, on the other hand he has been able to experience
owning a true supercar. Most people are happy to just get a ride in one.
So the point of the execise for him was having the experience of owning a Lamborghini, yet not having to actually part with an insane amount of money, even if he loses on the deal it may well still have been worth it - anyone who plays with cars knows that it doesn't make financial sense !
If you are lucky enough to own and run a Ferrari etc long term, then good for you, but if there is a way of having the experience, even if for a very short time then some people may be prepared to take a risk, after all whats the point in living if you don't fulfill the odd dream !
Good luck to Chris, I hope he enjoyed the car (I bet he did) and I hope he doesn't get too burnt.
well its not my desire that he loses either.
Actually, im not sure, in the real world that one can get pleasure by owning this kind of car for a few months and be so highly leveraged.
There was a time when individuals realised that an exotic car was beyond their ownership possibilities but now seemingly anything is possible with finance.
Anyone without sufficient means that engages in this kind of activity is asking for a financial lesson they will never forget. I just cant see how one can get 'pleasure' from acquiring a vehicle in this way.
355f said:
Anyone without sufficient means that engages in this kind of activity is asking for a financial lesson they will never forget. I just cant see how one can get 'pleasure' from acquiring a vehicle in this way.
I'm sure you're right regarding a financial lesson - but surely if it's a lifetime dream to own a piece of exotica - then to achieve that dream is fantastic.
If one has the chance to acquire "the dream" and walks away - on the grounds of resale/cost per mile etc - then how do you explain that to yourself as your life flases before eyes when you meet your maker (which could, of course be induced by the running costs!)???
I understand where you are coming from - but another view could be that there will be more cars on the market for sale - supply and demand means that eventually the supply exceeds demend - and we all get a bargain!
Ho hum!
Anjum
355f said:
Actually, im not sure, in the real world that one can get pleasure by owning this kind of car for a few months and be so highly leveraged.
I see your point in relation to the horror of losing a very large amount of money that you may not have....
However......
my personal experience (which hasn't been without cost) has been that if you really enjoy owning and driving a very fast, desirable car ( and I love it) then it's worth the money and tears (mostly on the part of my wife - she'll never forgive me for that sports exhaust).
I have to operate within certain boundaries, as does anybody, but basically, if I can manage it, I will. I would love to have a Gallardo for just one week (I'd do about 10k miles)and I expect that I would get a huge amount of enjoyment everytime I looked at the car, let alone drove it !
If you can't live the dream, why bother working hard ?
>> Edited by guydw on Tuesday 30th March 14:38
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