2003-2004 Murci

[christmc]

Gents,


I am thinking of getting my first proper supercar, iv been looking at 2003-2004 Murci's simply because they tick my boyhood dream box.

It would be a cash purchase so im looking to be able to get in and possibly out in 6-12 months with as little loss as possible. If i spend 85-100k on a 2003/2004 model am i likely to lose much money over a 6/12 month period ?


forget running costs etc , not concerned with that, and assume the car is in great condition too.

Thanks

Chris

[pistolp]

very hard to answer really but as ever if you pay the right price up front then you give yourself the best possible chance. I think you need to budget it costing you 10k, you could do it for less on depreciation but by the time you have sold the car and given the buyer a bit of a deal then I think you will be lucky to get out of it for less than that. Add more to that if you involve a dealer. They will want a big margin on car like a murices that is hard to shift and I don't blame them for that. I am assuming you will handle it all privately though.
Don't forget that the market for murcis is comparatively small so they are quite illiquid. This should help you on the buying side but will obviously work against you when you sell.
If you bought that grey one at targa florio for 80k (its up for 86 and was at 100 at one stage) then that wouldn't be a bad shout, although I do think in grey the limited market thing might be more of an issue as the majority of cars are in more lairy colours - clearly more popular.

[andymc]

they're not known for their ability to get in and out of cheaply, something that seems static, maybe 360cs, buy now and sell in spring 2013, that should negate some of the risks



thats up for a 100k at simon furlonger, cheaper available of course!

[WIJ933]

pistolp said:

very hard to answer really but as ever if you pay the right price up front then you give yourself the best possible chance. I think you need to budget it costing you 10k, you could do it for less on depreciation but by the time you have sold the car and given the buyer a bit of a deal then I think you will be lucky to get out of it for less than that. Add more to that if you involve a dealer. They will want a big margin on car like a murices that is hard to shift and I don't blame them for that. I am assuming you will handle it all privately though.
Don't forget that the market for murcis is comparatively small so they are quite illiquid. This should help you on the buying side but will obviously work against you when you sell.
If you bought that grey one at targa florio for 80k (its up for 86 and was at 100 at one stage) then that wouldn't be a bad shout, although I do think in grey the limited market thing might be more of an issue as the majority of cars are in more lairy colours - clearly more popular.

Hmmm - agree with some of the above but not all.

Having owned 2 murcis, 1 2003 model and currently aLP640 roadster, both bought from dealers I would disagree that murcis are 'illiquid'. I have always found interest from dealers in my cars when I looked to trade in and missed several cars when looking to buy. There is no substitute for sticking with respected dealers of lambos and not getting wrapped up in saving every halfpenny buying private or from non recognised Lambo dealers.
My experience of Lambos have always been very good with no expensive dramas - but then I always spend the extra few quid in the first place.
Ref colours - yellow, orange, green, black and white = all safe. Others a lot less so.....

Good Luck
Neil

[christmc]

Thank you gents ,

I am quite keen on Fezzas but I would prefere a 430 scud over a 360cs but that is a slight jump further money wise.

It's strange there doesn't appear to be many Murcis 2005 - 2007 or were they all the Lp640 past 2004?

[diablo_pete]

christmc said:

Thank you gents ,

I am quite keen on Fezzas but I would prefere a 430 scud over a 360cs but that is a slight jump further money wise.

It's strange there doesn't appear to be many Murcis 2005 - 2007 or were they all the Lp640 past 2004?

Generally 07+ were 640s

[sherbert90]

LP640 was introduced 2006 IIRC

[pistolp]

Comparatively illiquid to a Ferrari or a Porsche
I'd never cut corners when buying but you can buy from anyone adds anywhere provided you get the car
inspected by someone who knows their onions.
As for the money, of course you'll get some interest from dealers come sale time but that is going to mean you will
be looking at losing 10k plus and probably more unless you really nick it off someone in the first place
If you want to do it as economically as possible buy privately with an inspection and then sell privately or through a dealer you know well who'll SOR for you at a sensible rate. You could perhaps do that and buy through a dealer still, but if money is the primary driver I'd keep it all private or find a sensible dealer. Carlo for instance at top gear.
I mentioned that grey car because they are obviously a motivated seller so there's an opportunity there for you
to drive a hard bargain. But perhaps it's not selling for a reason? Could be the colour or could just be that unless these types of cars are priced to sell they tend to stick. Same with almost anything unless it's very rare/collectable.
Anyway, you should just buy one and get on with it. Cracking cars but I think you should budget to lose some money, you might get lucky though. Anyway if it is cash at least you can afford it. That makes a big difference.
I've always suspected one of the reasons people tend to advertise their cars privately at crazy levels is because they are trying to recover all of the finance settlement amount.
It's all just my opinion of course but I have bought and sold 20 or so cars over the past two years.

[andrew]

christmc said:

Gents,


I am thinking of getting my first proper supercar, iv been looking at 2003-2004 Murci's simply because they tick my boyhood dream box.

It would be a cash purchase so im looking to be able to get in and possibly out in 6-12 months with as little loss as possible. If i spend 85-100k on a 2003/2004 model am i likely to lose much money over a 6/12 month period ?


forget running costs etc , not concerned with that, and assume the car is in great condition too.

Thanks

Chris

why would you be looking to exit in 6-12 months ?

[lambo_xx]

christmc said:

Gents,


I am thinking of getting my first proper supercar, iv been looking at 2003-2004 Murci's simply because they tick my boyhood dream box.

It would be a cash purchase so im looking to be able to get in and possibly out in 6-12 months with as little loss as possible. If i spend 85-100k on a 2003/2004 model am i likely to lose much money over a 6/12 month period ?


forget running costs etc , not concerned with that, and assume the car is in great condition too.

Thanks

Chris

Firstly can I just ask why it has to be a 2003-2004 model car/ As far as I know they weren’t any different to the 2002 cars. I think the only Update the Murci got (bar changing to LP) was 2005-ish when the changed the key to a more modern one and changed the wheels (maybe bigger brakes not sure hopefully someone will clarify).

Now to answer your question.

The trouble with these cars is that not losing money on them is very difficult. Say for example you buy one tomorrow at £90k. Now a year later that same car might well be worth £90k “on paper” but who is going to pay that for it? Assuming you want to sell it back to a dealer they will want a decent margin on it so expect trade bids of somewhere around £75k (maybe a bit more maybe a bit less). Alternatively you could try selling it privately, but bearing in mind that you bought your £90k car from a dealer why would someone buy the same car from you for the same money? After all you don’t really have any come back from a private sale so therefore it’s riskier and fro me I would want this reflected in the price. So you would need to sell it for somewhere between trade price and dealer price to make it worthwhile.
I read on here all the time people saying “I haven’t lost a penny” and “you won’t lose a thing” but to be perfectly honest you will unless you buy at a very good price and sell at one to. My advice to you, would be to try and find one for sale privately or get a good deal from a dealer. As already said that grey one at Targa Florio looks a good deal if you could get it for a bit less. If the colour isn’t your cup of tea you could always have it wrapped at a cost of maybe £1500ish

I hope I haven’t appeared too negative, I just wanted to be as realistic as possible. If you can justify the cost DO IT! There is nothing like supercar ownership!!!!!! Good luck and let us all know how you get on.

Edited by lambo_xx on Tuesday 3rd January 08:54

[pistolp]

Lambo XX you and I sing off the same hymn sheet obviously. Sound post.

I can't stand it when people claim to have not lost money purely because they have their car for sale at an unachievable price

[SirMark]

Just to put a cat amongst the pigeons

My good friend a fellow P/H'er purchased a 2003 Murci run it for 2 years and sold it to a DEALER for a decent profit in the £1,000's he also bought it from a deal in the first place also ...

So not every one loses out... I nearly forgot to mention, I also Bought my last Diablo from a dealer then sold it back to a dealer some 3 years later for a £2.5k profit, I do appreciate there are a few less Diablo's but equally it was an early one 2002.

[christmc]

andrew said:

why would you be looking to exit in 6-12 months ?

Only if I needed the capital for anything business/investment wise or to get into another car. You never know what opportunity may pressent itself so I like to have a rough idea of exit costs

[christmc]

pistolp said:

Lambo XX you and I sing off the same hymn sheet obviously. Sound post.

I can't stand it when people claim to have not lost money purely because they have their car for sale at an unachievable price

Gents , thank you very much for your considered replies, it is very much appreciated .

I suppose it's probably quite a good time of year to buy too, I will have look around and come back to you guys for further opinions

[iib441]

I bought my Murcielago from Tom Hartley for £85k and sold it for £95k around two years later. It had 9,000 miles on the clock when I got it and circa 14,000 when I sold it. Costwise I spend around £10k in servicing and bits during that time and I believed I got out of that pretty cheaply. Mine was an 04 car in a colour called Williams Blue. The car has since been on here for sale again for £125k which is a mad price and I think the owner still has it.

Loved mine and still have regrets on selling it. Changed it for a F430 Spider F1 which is still a great car by the way!

[z4chris99]

Alot of people's great profit stories come from buying post Lehman and selling in this dodgy post crash recovery period.

Gallardos were sub 50 grand, you'd still be sitting on profit 4 years later

[ferdi p]

z4chris99 said:

Alot of people's great profit stories come from buying post Lehman and selling in this dodgy post crash recovery period.

Gallardos were sub 50 grand, you'd still be sitting on profit 4 years later

Absolutely bang on !!!!!!

[Murcielago_Boy]

z4chris99 said:

Alot of people's great profit stories come from buying post Lehman and selling in this dodgy post crash recovery period.

Gallardos were sub 50 grand, you'd still be sitting on profit 4 years later

[UH-Matt]

I think the profit stories are pretty much dried up now.

I did it with a Gallardo, but now bound to be sitting on a nice loss on my F430.

Gallardo I bought from a non-franchise during recession and sold privately for top dollar.

F430 I bought from a Ferrari dealer, and well, its not really forsale so I guess I have not lost anything yet ;-)

I would say "getting in and out" means losing more money than average. Presumably if its really only 6-12 months ownership you are looking at, then when it comes to sell you aren't going to want the car sitting there for MONTHS on sale, which some Murci's do, in which case to sell quickly its going to cost you.

[andrew]

also, some people who were either lucky or canny with their timing made a modest sterling profit on slow depreciating ( or near fully depreciated ) cars in recent years

this was down to sterling's fall against more global currencies

if you looked at their cars in, say, euro terms, then no profit was made