Gallardo in 5 years time
Discussion
I am looking around at different Gallardo's within my budget, I have found this one http://search.autotrader.co.uk/es-uk/www/cars/LAMB... not that this is going to be the one I buy, as that time will be several months away, so I would just like to use it as an example.
What in your opinions and predictions would a car like this be worth in 5 years time, with perhaps another 30-40k miles on the clock?
What in your opinions and predictions would a car like this be worth in 5 years time, with perhaps another 30-40k miles on the clock?
Imagine if this was another year older with an extra 13k on the clock http://www.pistonheads.com/sales/893808.htm - that's where the Gallardo will be in 5 years!
They will bottom out like most high performance sports cars do. I reckon similar to 360's at £35k. Would i touch a high mileage 10 year Gallardo is a totally different question unless you have £'s to to spend on maintenence and running costs. Just because a £120k sportscar can be had used at German Saloon car money does not mean it can be ran on German Saloon money.
I was looking at the prices of diablo's to try and compare, I guess there are far fewer Diablo's.
Surely if they dropped to as low as 30k, everyone would want one? stopping the depreciation ?? I am sure although they were built in much larger quantities, they are still pretty rare? Rarer than a 360 perhaps?
I am trying to work out if I would stitch myself up if I got one on finance over 5 years.
But knowing nothing about finance, I am having to ask a lot of questions!
Surely if they dropped to as low as 30k, everyone would want one? stopping the depreciation ?? I am sure although they were built in much larger quantities, they are still pretty rare? Rarer than a 360 perhaps?
I am trying to work out if I would stitch myself up if I got one on finance over 5 years.
But knowing nothing about finance, I am having to ask a lot of questions!
Edited by Gring on Wednesday 8th July 15:57
steve06 said:
5 years and 40k on the clock could amount to a seizable sum in repairs and maintenance!
Sure, all these things need considering. I may have been overstating the mileage, It will only come out on nice days etc, just wanted a worst case scenario. Before I got my Maserati people were telling me about all the horror stories about expense, but it hasnt been that bad. And I have done nearly 10k in it since January. I wouldnt drive a Gallardo in the same way, I will try and be more restrained!5 years time let me get my crystal ball out 
I had a F355 for 4 years and sold it for £3k more than I paid but the Gallardo is made in larger numbers I think so unlikely to hold its value the same. Diablo is much rarer beast than G so not a good example.
If your wife is going to buy it for you over 5 years even if it was worth nothing it would only have cost you £10k per year depreciation
which for a supercar is good going.
Lambo repair/ service costs are much more than your masser remember it was a £120k car new.
I had a F355 for 4 years and sold it for £3k more than I paid but the Gallardo is made in larger numbers I think so unlikely to hold its value the same. Diablo is much rarer beast than G so not a good example.
If your wife is going to buy it for you over 5 years even if it was worth nothing it would only have cost you £10k per year depreciation
which for a supercar is good going.Lambo repair/ service costs are much more than your masser remember it was a £120k car new.
It's so difficult to tell. If someone had asked 5 years ago if we would have had this credit crunch, people would have just laughed at them. In 5 years the economy may have completely returned to the way it was before (i.e. everyone buying things on credit) or it may get even worse than it is now. Who knows.
In my opinion a Gallardo with 58k on the clock won't be worth much more than £45k at a rought estimate. If you look at 360s that is the sort of prices they are going for and i'm guessing the Gallardos are going to go the same way.
Good luck though with your search, they are brilliant cars.
In my opinion a Gallardo with 58k on the clock won't be worth much more than £45k at a rought estimate. If you look at 360s that is the sort of prices they are going for and i'm guessing the Gallardos are going to go the same way.
Good luck though with your search, they are brilliant cars.
lambo_xx said:
It's so difficult to tell. If someone had asked 5 years ago if we would have had this credit crunch, people would have just laughed at them. In 5 years the economy may have completely returned to the way it was before (i.e. everyone buying things on credit) or it may get even worse than it is now. Who knows.
In my opinion a Gallardo with 58k on the clock won't be worth much more than £45k at a rought estimate. If you look at 360s that is the sort of prices they are going for and i'm guessing the Gallardos are going to go the same way.
Good luck though with your search, they are brilliant cars.
ThankyouIn my opinion a Gallardo with 58k on the clock won't be worth much more than £45k at a rought estimate. If you look at 360s that is the sort of prices they are going for and i'm guessing the Gallardos are going to go the same way.
Good luck though with your search, they are brilliant cars.
My guess will be that they'll be worth 20-25 or around the same, the 360 - 430 will also go down to that level & will therefore also knock 355/348 prices.
Simple reasoning behind this is that until the Gallardo came out there were no direct competitors to the v8 Ferrari market (yes I know you could include a 911 turbo & there was the jalpa in the 80’s) not only have both companies been churning out their cars in far greater numbers than ever before, but the product itself makes a far better proposition as an everyday conveyance than before.
Porsche essentially went down this route with the 996 and look at the prices of 10 year old 996's now
Simple reasoning behind this is that until the Gallardo came out there were no direct competitors to the v8 Ferrari market (yes I know you could include a 911 turbo & there was the jalpa in the 80’s) not only have both companies been churning out their cars in far greater numbers than ever before, but the product itself makes a far better proposition as an everyday conveyance than before.
Porsche essentially went down this route with the 996 and look at the prices of 10 year old 996's now
AndrewW-G said:
My guess will be that they'll be worth 20-25 or around the same, the 360 - 430 will also go down to that level & will therefore also knock 355/348 prices.
Simple reasoning behind this is that until the Gallardo came out there were no direct competitors to the v8 Ferrari market (yes I know you could include a 911 turbo & there was the jalpa in the 80’s) not only have both companies been churning out their cars in far greater numbers than ever before, but the product itself makes a far better proposition as an everyday conveyance than before.
Porsche essentially went down this route with the 996 and look at the prices of 10 year old 996's now
+1 Simple reasoning behind this is that until the Gallardo came out there were no direct competitors to the v8 Ferrari market (yes I know you could include a 911 turbo & there was the jalpa in the 80’s) not only have both companies been churning out their cars in far greater numbers than ever before, but the product itself makes a far better proposition as an everyday conveyance than before.
Porsche essentially went down this route with the 996 and look at the prices of 10 year old 996's now
These things always come down to supply and demand, and the quantity of production will count against the Gallardo over time. On a more positive note you may get some support from the fact that hardly any new cars have been sold for the last 12 months which will therefore restrict supply of '08/'58/'09 cars.
You have to look at what the car was new and what it is worth now. In my experience if you keep supercars for 10 years, as I have done with 3 Lotus Esprits in the past,they drop to roughly 40 to 50% of what the new price was. The price of the new versions go up in price so you think it has lost more. The very first Gallardos were around £110K so I would not expect them to ever drop much below £50k in the long term. The current LP560 is around £150k (up around 30% on the original price, in 10 years time the Gallardo replacement will probably be around £200+K. There have been so few Gallardo's produced (the most Lamborghinis produced in one year is only 2500 cars) and the numbers get less as cars get written of all helps maintain the values. All used prices look very low at present but that will not last forever.
Gring said:
I was looking at the prices of diablo's to try and compare, I guess there are far fewer Diablo's.
Surely if they dropped to as low as 30k, everyone would want one? stopping the depreciation ?? I am sure although they were built in much larger quantities, they are still pretty rare? Rarer than a 360 perhaps?
I am trying to work out if I would stitch myself up if I got one on finance over 5 years.
But knowing nothing about finance, I am having to ask a lot of questions!
With the greatest respect, you're off your rocker if you are considering buying a Gallardo on finance over five years and you are worried about "stitching yourself up".Surely if they dropped to as low as 30k, everyone would want one? stopping the depreciation ?? I am sure although they were built in much larger quantities, they are still pretty rare? Rarer than a 360 perhaps?
I am trying to work out if I would stitch myself up if I got one on finance over 5 years.
But knowing nothing about finance, I am having to ask a lot of questions!
Edited by Gring on Wednesday 8th July 15:57
AndrewW-G said:
My guess will be that they'll be worth 20-25 or around the same, the 360 - 430 will also go down to that level & will therefore also knock 355/348 prices.
Simple reasoning behind this is that until the Gallardo came out there were no direct competitors to the v8 Ferrari market (yes I know you could include a 911 turbo & there was the jalpa in the 80’s) not only have both companies been churning out their cars in far greater numbers than ever before, but the product itself makes a far better proposition as an everyday conveyance than before.
Porsche essentially went down this route with the 996 and look at the prices of 10 year old 996's now
Don't necessarily agree 100% with this as you are not allowing for some models to attain "classic" status. Just because model lines such as V8 Ferraris and 911's keep being renewed it doesn't mean that prices of older models get knocked lower and lower everytime a new model is released. I realise that build numbers were lower in the 70's, 80's and 90's but certain cars (and I accept they have to be the iconic models such as the 993) from that era are already bearing this out and I don't see why this shouldn't continue. My 2p worth Simple reasoning behind this is that until the Gallardo came out there were no direct competitors to the v8 Ferrari market (yes I know you could include a 911 turbo & there was the jalpa in the 80’s) not only have both companies been churning out their cars in far greater numbers than ever before, but the product itself makes a far better proposition as an everyday conveyance than before.
Porsche essentially went down this route with the 996 and look at the prices of 10 year old 996's now
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