Discussion
ninja_eli said:
All this suff about Gallardo depreciation...is there any reason why they should depreciate any faster than another similarly priced car? Or is it simply the case that the car has tempted a lot of people out of their price comfort zone, and they're now finding out what other £120k+ car buyers knew all along?
Possibly because it was overpriced in the first place, dumb as we are, some of the purchasers of these cars do have an idea of "value" too. The 430 is not doing so well either, but then the state of the supercar market is not too healthy anyway.
To my mind though, it's due to these reasons:
Limited resale market - Ferrari have a reasonable number of dealers to bid for your car come resale, Lambo do not. Not a dig at Lambo London who are a great bunch of guys, but think about it, how many Lambos can they feasibly buy and stock for resale?
Warranty - the Gallardo has a 3 year warranty on UK cars, and 2 years on imports. Then, after that you are on your own. This is possibly most concerning to me, and if its not remedied before the 04 cars come out of warranty, watch it take a nose dive in prices even more, mainly due to...
Reliability - perception on these cars is that they are not as reliable as first touted, problems with clutch and other things have scared people off. The cost of a clutch is near £5k, thats a fair bit of dough especially if you end up buying one that's problematic with no help from Lambo UK. Lambo London will give great service on cars they have sold, but not so great on cars others have sold, where do you think most people will want to buy their Lambo from? What happens to cars left on other dealers forecourts, and why they will bid lower prices.
Lamborghini need to offer extended warranties on these cars to make them a better proposition and more dealers. This won't actually be detrimental to Lambo UK as they could then supply the majority of the UK cars new, but at least there is a better secondary market, and more buyers coming from other marques to a more trusted Lambo brand than it is now. I prefer a Gallardo, but keep looking to the 430 now. I think its uglier than the 360, but what other choice is there in the market? Heart says Gallardo, head says take the safer bet, the 430.
You make an eloquent case but as Lamborghini sell every car they make there are clearly some holes in your argument.
For example, how can the car possibly be over priced if they sell every one they make?
You honestly think that of the 300 odd Gallardos sold in the UK, all the purchasers were muppets "buying out of their comfort zone"!
I knew I'd lose £30K on mine as soon as I drove it away, especially as I've got £13K worth of options on it (which you NEVER get back). I'm pretty certain other owners knew this also. I didn't give a rat's ass. Ditto everyone else I'm guessing.
If I'd bought a 430 I wouldn't lose quite as much (though there wouldn't be much in it) but, nice as they are, Fezzas just don't do it for me.
A 3 year warranty on a car like this shows a lot confidence on the part of the manufacturer. Why would they need to extend the warranty? To compete with Hyundai? If you know of a supercar manufacturer who offers more than 3 years warranty I'd like to know about it.
For those who know the cars, the clutch isn't an issue any longer, so I'm afaid you're ill informed on that on.
If Lambo London are reluctant to work on imports I suspect it's got more to do with prioritising existing customers first. Same as any other franchise dealer. People who buy imports are trying to save money, good luck to them I say, and are well aware of the consequences. Lamborghini's dealership reaction to this (HR Owen) is no different in this respect.
If you've got a friend who's having problems with an import I can strongly recommend Lamborghini Wycombe. They'll even collect, nationwide.
As far as dealers go, for the number of vehicles sold in the UK the number of dealerships and service centres isn't that far off being right. Location is another matter but it's far worse in the US.
"State of the supercar market not too healthy"? Really? Personally I think it's never been stronger. Mainstream manufacturers are suffering but prestige brands are still doing well.
The Gallardo is a well made, strong and biblically fast car, ideally suited to British roads. I wouldn't drive anything else. It might not be everyone's cup of tea but that suits me fine, if we all thought the same life would indeed be dull.
I wish you well with the 430, I'm sure it's a fine car, it's predecessors were.
I've deliberately avoided saying anything inflamatory as this is a forum for discussion and debate, not for hurling abuse at people. I like to think I've kept my comments respectfull.
But I honestly can't understand your beef!
i read this whole thing, and i think you people should quit whining etc. If i had a bright yellow gallardo i would be floating in the clouds. Can i just ask you people with supercars, do you get prettier girls? I am young looking and i sometimes drive a boxster and i notice a lot of people staring at me, do you guys get the same thing?
The guy who just bought a gallardo, well done, though yellow..i would of chosen black but then u are not me . I have followed a few gallardos , and i think its better than the murcielago and when i followed one recently fire and blue flames was coming out of the exhaust, it made my day , but god, u own one! hope u have fun with it
sometimes i think if i see a gallardo i will ask the owner for a spin but i never have the bottle to do it, you gallaro owners out there, if u saw a young guy come out of a volvo or porsche and asked if he could go for a quick spin..would u ignore me or tell me to go away, or say why not?>
thanks
The guy who just bought a gallardo, well done, though yellow..i would of chosen black but then u are not me . I have followed a few gallardos , and i think its better than the murcielago and when i followed one recently fire and blue flames was coming out of the exhaust, it made my day , but god, u own one! hope u have fun with it
sometimes i think if i see a gallardo i will ask the owner for a spin but i never have the bottle to do it, you gallaro owners out there, if u saw a young guy come out of a volvo or porsche and asked if he could go for a quick spin..would u ignore me or tell me to go away, or say why not?>
thanks
crikeymikey said:
You make an eloquent case but as Lamborghini sell every car they make there are clearly some holes in your argument.
For example, how can the car possibly be over priced if they sell every one they make?
You honestly think that of the 300 odd Gallardos sold in the UK, all the purchasers were muppets "buying out of their comfort zone"!
Cant type much, so will keep this brief:
I only mentioned it was *possibly* overpriced to start with, and people didn't think it value for money, I didn't think it was and was only mentioning another perspective; read what I've written. I also didn't call anyone a muppet (you seem angered?) I don't think Gallardo did sell all that well to be honest, esp compared to Ferrari, but dont have any solid figures, who cares anyway?
crikeymikey said:
I knew I'd lose £30K on mine as soon as I drove it away, especially as I've got £13K worth of options on it (which you NEVER get back). I'm pretty certain other owners knew this also. I didn't give a rat's ass. Ditto everyone else I'm guessing.
If I'd bought a 430 I wouldn't lose quite as much (though there wouldn't be much in it) but, nice as they are, Fezzas just don't do it for me.
A 3 year warranty on a car like this shows a lot confidence on the part of the manufacturer. Why would they need to extend the warranty? To compete with Hyundai? If you know of a supercar manufacturer who offers more than 3 years warranty I'd like to know about it.
I only lost 15k on my 360 after a year, and was offered on the car when i'd had it for 6 months and would have lost about 6k. I also got calls from the dealers often to see if i wished to sell. There's no way you'd have lost 30k on a 430 or 360 in a year early in its production cycle. I'm assuming you;ve never bought a ferrari or porsche? They offer warranties extendable to 6 or 8 years. THAT shows confidence. Why WOULDN'T they offer extended warranty?
crikeymikey said:
For those who know the cars, the clutch isn't an issue any longer, so I'm afaid you're ill informed on that on.
If Lambo London are reluctant to work on imports I suspect it's got more to do with prioritising existing customers first. Same as any other franchise dealer. People who buy imports are trying to save money, good luck to them I say, and are well aware of the consequences. Lamborghini's dealership reaction to this (HR Owen) is no different in this respect.
You seem to have written in such anger that you haven't read properly. I mentioned the clutch problems as a reason why the earlier cars depreciated so much. And a cost of £5k for just a simple clutch is expensive, therefore it *is* still a problem for Lambo.
crikeymikey said:
If you've got a friend who's having problems with an import I can strongly recommend Lamborghini Wycombe. They'll even collect, nationwide.
As far as dealers go, for the number of vehicles sold in the UK the number of dealerships and service centres isn't that far off being right. Location is another matter but it's far worse in the US.
"State of the supercar market not too healthy"? Really? Personally I think it's never been stronger. Mainstream manufacturers are suffering but prestige brands are still doing well.
The Gallardo is a well made, strong and biblically fast car, ideally suited to British roads. I wouldn't drive anything else. It might not be everyone's cup of tea but that suits me fine, if we all thought the same life would indeed be dull.
I wish you well with the 430, I'm sure it's a fine car, it's predecessors were.
I've deliberately avoided saying anything inflamatory as this is a forum for discussion and debate, not for hurling abuse at people. I like to think I've kept my comments respectfull.
But I honestly can't understand your beef!
If you are happy with a choice of 2 or 3 official dealers good for you, i'd prefer more. IMO the market is not great for these cars, look at the number of 430 at dealers, inc spiders. 360 wasn't available as quickly. I've also been told I could get an early slot for later this year on a 430 coupe if I want. You wouldn't have got that on the 360. You seriously think its never been better? I'd only have got the430 to reduce depreciation but a conversation with another pher today has reminded what a shit idea that is! To pinch his quote "take up knitting if you're thinking like that!" lol too true.
For me the 430 isn't suitable, most likely to get a Gallardo too. But this forum is for debate and sharing ideas. Why would you need to say anything inflammatory? Seriously? Why would you be so pissed off? We know and most of the world know its a great car, we are only debating the minor details
Looking forward to Bertie's opinions so far
k321 said:
if i had a gallardo or a 430 spider i would be blasting it round, then picking up a beautiful girl , and enjoying life rather than going on the internet and subtly writing pissed off posts about depreciation, warranties etc.
Thats because you do not (yet) own or have owned this type of car.
When you have you will appreciate that many factors come into play and its rather a case of 'as it reached the brow of the victor it faded away'
Most individuals that buy these cars are enthusiasts- has it ever made you wonder why 95% of the cars do so little miles having attained the dream??
Great things to own but i find you only get a truly balanced perspective when you have owned and sold it and tried other things- then ones viewpoint is more finely honed. We are all the same really- whatever car one owns at the time is the best and we justify our decisions to buy it; but after reflection, looking at the shortfalls ive found the more money one spends - expectations are higher and not realised- its acar after all! making critical comments about a vehicle a man currently owns is like challenging his manhood! one reason why im not posting any comments on here that can be classed as derisory- better let individuals discover for themsleves!
Ninja eli.
Let me be the first to apologise. I clearly got the wrong end of your commnets (a lot, by the look of it).
Though you actually wrote "possibly because it was overpriced in the first place", which isn't the same as "possibly overpriced", I'm sure you'll agree. That didn't help me get your point.
And you don't actually mention "early cars" when you make your comment regarding reliability. Again, you can understand why I would have got this wrong as well.
"I like to think I've kept my comments respectful". Hardly the words of someone "writing in anger"?
And, I'm sorry, but you writing "people buying above their comfort zone" is fairly inflammatory when bertie's just bought his car and there are other Gallardo owners on the website. Its directly insulting.
How would you like if someone said "convertible Fezzas are for show-offs" after you'd just bought your 360 spider? Thought not.
You might not owe me an apology but you certainly owe bertie one.
I was man enough, are you?
Let me be the first to apologise. I clearly got the wrong end of your commnets (a lot, by the look of it).
Though you actually wrote "possibly because it was overpriced in the first place", which isn't the same as "possibly overpriced", I'm sure you'll agree. That didn't help me get your point.
And you don't actually mention "early cars" when you make your comment regarding reliability. Again, you can understand why I would have got this wrong as well.
"I like to think I've kept my comments respectful". Hardly the words of someone "writing in anger"?
And, I'm sorry, but you writing "people buying above their comfort zone" is fairly inflammatory when bertie's just bought his car and there are other Gallardo owners on the website. Its directly insulting.
How would you like if someone said "convertible Fezzas are for show-offs" after you'd just bought your 360 spider? Thought not.
You might not owe me an apology but you certainly owe bertie one.
I was man enough, are you?
Drone,Drone,blah,blah,blah...
Oh the subject of Gallardo depreciation has arisen again!! God some people are truly like a broken record. Yes owning these cars isn't cheap but the smiles per mile more than make up for it. Bertie, welcome to the fold and enjoy!
At the end of the day all cars lose money, its all about percentages. Again for me though,Its all about driving these cars and enjoying them, regardless of cost. Simon Spider made a very valid point, I'd hate to think what he's lost in depreciation on his car, but at the end of the day he uses it (and i mean uses it) to the max, and he has a great big grin everytime he drives it. Life is to short, so IMO max the opportunities and time you have here. If we all worried about how much our cars were going to lose, there'd be no point in having one as it'd be sat in the garage doing nothing to minimise the costs.
As for the lambo dealer network, I guess it comes down to the old saying 'what price exclusivity?'As these cars are rare in the UK, I guess three dealers at present is considered to be adequate. One thing I am glad about though is every toerag isn't wearing a lambo baseball cap or jacket, unlike some other marques I could mention.
Just my 2 P's worth
Andy.
Oh the subject of Gallardo depreciation has arisen again!! God some people are truly like a broken record. Yes owning these cars isn't cheap but the smiles per mile more than make up for it. Bertie, welcome to the fold and enjoy!
At the end of the day all cars lose money, its all about percentages. Again for me though,Its all about driving these cars and enjoying them, regardless of cost. Simon Spider made a very valid point, I'd hate to think what he's lost in depreciation on his car, but at the end of the day he uses it (and i mean uses it) to the max, and he has a great big grin everytime he drives it. Life is to short, so IMO max the opportunities and time you have here. If we all worried about how much our cars were going to lose, there'd be no point in having one as it'd be sat in the garage doing nothing to minimise the costs.
As for the lambo dealer network, I guess it comes down to the old saying 'what price exclusivity?'As these cars are rare in the UK, I guess three dealers at present is considered to be adequate. One thing I am glad about though is every toerag isn't wearing a lambo baseball cap or jacket, unlike some other marques I could mention.
Just my 2 P's worth
Andy.
crikeymikey said:
Ninja eli.
Let me be the first to apologise. I clearly got the wrong end of your commnets (a lot, by the look of it).
Though you actually wrote "possibly because it was overpriced in the first place", which isn't the same as "possibly overpriced", I'm sure you'll agree. That didn't help me get your point.
And you don't actually mention "early cars" when you make your comment regarding reliability. Again, you can understand why I would have got this wrong as well.
"I like to think I've kept my comments respectful". Hardly the words of someone "writing in anger"?
And, I'm sorry, but you writing "people buying above their comfort zone" is fairly inflammatory when bertie's just bought his car and there are other Gallardo owners on the website. Its directly insulting.
How would you like if someone said "convertible Fezzas are for show-offs" after you'd just bought your 360 spider? Thought not.
You might not owe me an apology but you certainly owe bertie one.
I was man enough, are you?
Ninja eli
is absolutely spot on regarding his comments why does he owe ANYONE an apology.
I dont know the individual but it seems to me his comments are very inspired.
The fact that you did not take his post in context and misunderstood the facts is not his problem!
>> Edited by octane on Wednesday 29th March 23:17
crikeymikey said:
Ninja eli.
Let me be the first to apologise. I clearly got the wrong end of your commnets (a lot, by the look of it).
Though you actually wrote "possibly because it was overpriced in the first place", which isn't the same as "possibly overpriced", I'm sure you'll agree. That didn't help me get your point.
And you don't actually mention "early cars" when you make your comment regarding reliability. Again, you can understand why I would have got this wrong as well.
"I like to think I've kept my comments respectful". Hardly the words of someone "writing in anger"?
And, I'm sorry, but you writing "people buying above their comfort zone" is fairly inflammatory when bertie's just bought his car and there are other Gallardo owners on the website. Its directly insulting.
How would you like if someone said "convertible Fezzas are for show-offs" after you'd just bought your 360 spider? Thought not.
You might not owe me an apology but you certainly owe bertie one.
I was man enough, are you?
crikeymikey,
Thanks but I dont think an apology is necessary, the forum is for airing views, it just came across as angered, which I didn't think it need be. Its not personal, any of it.
If you read again, I think you'll find I never mentioned anything about comfort zones(!) How would I know about anyone's comfort zone? If someone has bought a car, more power to them! That's the bottom line for me.
I also certainly don't owe Bertie an apology! I'm extremely happy for him and hope to be doing the same very soon. I'd specifically love to hear his comments as he's just changed from a 360. I also have a good deal of respect for him as he was one of the people who kindly gave their valuable time and experiences to advise me when I was first looking to buy a Ferrari, nearly 4 years ago.
Someone else commented what price exclusivity, which is imo a very good point. That is however a side effect, not a strategy.
Re: 360, you should have heard some of the comments! I didn't and would never mind, its only a car.
crikeymikey said:
Ninja eli.
Let me be the first to apologise. I clearly got the wrong end of your commnets (a lot, by the look of it).
Though you actually wrote "possibly because it was overpriced in the first place", which isn't the same as "possibly overpriced", I'm sure you'll agree. That didn't help me get your point.
And you don't actually mention "early cars" when you make your comment regarding reliability. Again, you can understand why I would have got this wrong as well.
"I like to think I've kept my comments respectful". Hardly the words of someone "writing in anger"?
And, I'm sorry, but you writing "people buying above their comfort zone" is fairly inflammatory when bertie's just bought his car and there are other Gallardo owners on the website. Its directly insulting.
How would you like if someone said "convertible Fezzas are for show-offs" after you'd just bought your 360 spider? Thought not.
You might not owe me an apology but you certainly owe bertie one.
I was man enough, are you?
I think it was me who muted people tempted to "buy over their comfort zone" when I questioned (not stated) whether this might be one explanation for a lot of grumbling about depreciation on Gallardo's. So don't blame him. I write as somone who's comfort zone is a no-go-area where cars are concerned - and grumble incessantly about depreciation as a result.
Congrats Bertie, Gallardo looks fantastic !
I'm not quite at Lambo level yet but am hoping to trade in the Fezza next year and buy a used Gallardo.
When choosing a car like this at this value, thinking too much about depreciation etc is a bit like considering whether you would get better mpg urban cycle from an Enzo or a Zonda.....Pointless
Enjoy the car!
I'm not quite at Lambo level yet but am hoping to trade in the Fezza next year and buy a used Gallardo.
When choosing a car like this at this value, thinking too much about depreciation etc is a bit like considering whether you would get better mpg urban cycle from an Enzo or a Zonda.....Pointless
Enjoy the car!
[quote=ninja_eli[/quote]
crikeymikey,
Thanks but I dont think an apology is necessary, the forum is for airing views, it just came across as angered, which I didn't think it need be. Its not personal, any of it.
If you read again, I think you'll find I never mentioned anything about comfort zones(!) How would I know about anyone's comfort zone? If someone has bought a car, more power to them! That's the bottom line for me.
I also certainly don't owe Bertie an apology! I'm extremely happy for him and hope to be doing the same very soon. I'd specifically love to hear his comments as he's just changed from a 360. I also have a good deal of respect for him as he was one of the people who kindly gave their valuable time and experiences to advise me when I was first looking to buy a Ferrari, nearly 4 years ago.
Someone else commented what price exclusivity, which is imo a very good point. That is however a side effect, not a strategy.
Re: 360, you should have heard some of the comments! I didn't and would never mind, its only a car.[/quote]
Eli, my apology to you still stands. I have no intention of making enemies on this site. Life's to short.
I don't want to bang on about this, honest, I just thought you busted up berties post a bit that's all.
I probably did over-react though.
I'll buy the beers! How about it?
crikeymikey,
Thanks but I dont think an apology is necessary, the forum is for airing views, it just came across as angered, which I didn't think it need be. Its not personal, any of it.
If you read again, I think you'll find I never mentioned anything about comfort zones(!) How would I know about anyone's comfort zone? If someone has bought a car, more power to them! That's the bottom line for me.
I also certainly don't owe Bertie an apology! I'm extremely happy for him and hope to be doing the same very soon. I'd specifically love to hear his comments as he's just changed from a 360. I also have a good deal of respect for him as he was one of the people who kindly gave their valuable time and experiences to advise me when I was first looking to buy a Ferrari, nearly 4 years ago.
Someone else commented what price exclusivity, which is imo a very good point. That is however a side effect, not a strategy.
Re: 360, you should have heard some of the comments! I didn't and would never mind, its only a car.[/quote]
Eli, my apology to you still stands. I have no intention of making enemies on this site. Life's to short.
I don't want to bang on about this, honest, I just thought you busted up berties post a bit that's all.
I probably did over-react though.
I'll buy the beers! How about it?
Hey chaps, feel the love in the room!
I'm not offended by any of this and no one owes me anything.....apart from my mate who has still got my "Pop Will Eat Itself" CD....must have a word about that...
Anyway, I'm still loving the Gallardo...contrary to my test drive imressions it's sooo much quicker than the 360.
And I love the sat nav/CD/TV/MP3 player...and mine is still working...eh Mikey!!
I'm not offended by any of this and no one owes me anything.....apart from my mate who has still got my "Pop Will Eat Itself" CD....must have a word about that...
Anyway, I'm still loving the Gallardo...contrary to my test drive imressions it's sooo much quicker than the 360.
And I love the sat nav/CD/TV/MP3 player...and mine is still working...eh Mikey!!
bertie said:
Hey chaps, feel the love in the room!
I'm not offended by any of this and no one owes me anything.....apart from my mate who has still got my "Pop Will Eat Itself" CD....must have a word about that...
Anyway, I'm still loving the Gallardo...contrary to my test drive imressions it's sooo much quicker than the 360.
And I love the sat nav/CD/TV/MP3 player...and mine is still working...eh Mikey!!
I've used up all my 'love' making up with Eli. Don't push me or I'll slip an Audi disc in while you're not looking! yuk yuk!
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