Price Drops on The Gallardo

[Jules360]

GRBF430F1 said:

Jules360 said:
We'll the car was about £210k new a year ago, GRB paid £160k (?) for one in October, now they are £145k offered ( so can deal at £140k?) now. And there are 5 currently for sale. So £120k next year looks about right to me. I guess that's where the current dealer bid is.

GRBF430F1 said:

One shouldn't assUMe ( it makes an ass out of U and not Me ). The car may have been up for £160k but I certainly didn't pay that for it being in the trade. Cap and Glasses prices which are only an indication and trend show that October was when the price bottomed out and ever since they have been on the UP and will continue to do so as we approach spring/summer. If I wanted to trade my car, and lets make it perfectly clear I DONT I could easily return what I paid for it

Also if you want to quote figures please get your facts correct - there might be 5 Performantes up for sale but only 2 are Edizione Tecnica which importantly have the carbon ceramic brakes ( £10k upgrade )

Jules just for you :

http://www.autotrader.co.uk/classified/advert/2014...

Thread should be titled "Price INCREASES on the Gallardo "

Some have intuition whilst others have the benefit of hindsight and a slice of humble pie lol

Edited by GRBF430F1 on Friday 5th September 17:17

Whilst others know how long a year is

[pje1210]

Morning people,

been following this thread for a while now as practically on the verge of chopping in the porker for a gallardo.

If I may bring the subject matter back to depreciation, what's say a 80k 07 gallardo going to be worth in 3/5 years time?
If you take it the same as say a 04/05 That would say its around 60k, but surely these 04/05 cars can't go down much more which should hold the later cars values would it not??

I don't fancy taking a 20k hit on a second hand car in 2/3/4 years, what's the genaral opinion ?

Cheers

[ferdi p]

pje1210 said:

Morning people,

been following this thread for a while now as practically on the verge of chopping in the porker for a gallardo.

If I may bring the subject matter back to depreciation, what's say a 80k 07 gallardo going to be worth in 3/5 years time?
If you take it the same as say a 04/05 That would say its around 60k, but surely these 04/05 cars can't go down much more which should hold the later cars values would it not??

I don't fancy taking a 20k hit on a second hand car in 2/3/4 years, what's the genaral opinion ?

Cheers

I would personally budget for a 20k loss in 2/3 years, whilst I agree that early Gallardo's won't drop below 50/60 you have to take into account the 'trade' v 'retail' value of these types of cars . Even early cars will have a 10k+ margin.

[TISPKJ]

Then buy an early car, you have answered your own question kind of.
Others will confirm but in 08 I think it was a gallardo could be bought for 50k !!
I guess they will go there again which would mean 65 ish for one like you describe.
I would love them to drop more but not looking likely anytime soon.

[monthefish]

HotJambalaya said:

monthefish said:

HotJambalaya said:

Do you guys generally find number of previous owners off-putting? -That one mentioned above has 7 previous owners! I'd hate to be trying to sell that on to owner number 9!

a 2013 car with 7 owners?




eta

the ad said:

Supplied By Birmingham Lamborgini Dealers From New 1 Owner

Sorry, above above!

http://www.pistonheads.com/classifieds/used-cars/l...

Makes more sense!

£60k does seem to be the bottom line figure for a straight Gallardo, and has been for about 18 months now.

[GRBF430F1]

monthefish said:

Makes more sense!

£60k does seem to be the bottom line figure for a straight Gallardo, and has been for about 18 months now.

Agree if you don't want to lose money an early Gallardo is the way to go.
Because everyone looks at it as cheapish entry into a SUPERCAR there is strong demand at the bottom end of the market.
At worst you will lose the Retail v trade margin but a lot of these cars are seemingly going up so you could even negate that and breakeven in 2/3 years time. Who knows !
Some top end supercars ( eg Porsche GT3RS, Scuderia )are seemingly appreciating up to £30k a season and that's pulling up the bottom end

[70proof]

from 2011 to 2014 i lost 9k in depreciation on a my08 coupe......... hth

[andrew]

70proof said:

from 2011 to 2014 i lost 9k in depreciation on a my08 coupe......... hth

i told you to buy the red one !
hth

[pje1210]

I get what people are saying about buying an earlier model, firstly I want a spyder anyway and secondly the 07/08 models had improvements did they not?

I just can't see how if the 04/05 cars are holding 60k, how can a later model be worth the same money even in few years, but that maths the early cars would be sub 40k, would that be right for a straight car ?

[threesixty]

70proof said:

from 2011 to 2014 i lost 9k in depreciation on a my08 coupe......... hth

Only because you barely used it

[GRBF430F1]

andrew said:

i told you to buy the red one !
hth

Red ones are not only the fastest and loudest but the quickest appreciating ones to, but don't tell everyone.

Mind you I saw this ad and had to laugh. For a minute I thought I had lost nearly as much as everyone was telling me I would in 12 months time lol


http://www.pistonheads.com/classifieds/used-cars/l...

Really why would you do something in such bad taste. Its so hideous it almost made me want out.

[andrew]

GRBF430F1 said:

Its so hideous it almost made me want out.

well it nearly worked then

[AndrewD]

GRBF430F1 said:

andrew said:

i told you to buy the red one !
hth

Red ones are not only the fastest and loudest but the quickest appreciating ones to, but don't tell everyone.

Mind you I saw this ad and had to laugh. For a minute I thought I had lost nearly as much as everyone was telling me I would in 12 months time lol


http://www.pistonheads.com/classifieds/used-cars/l...

Really why would you do something in such bad taste. Its so hideous it almost made me want out.

Please, for the love of God stop going on about how much you may or may not have "made".

In the scheme of things it is peanuts either way. Plenty of smarter choices for your money

[70proof]

pje1210 said:

I get what people are saying about buying an earlier model, firstly I want a spyder anyway and secondly the 07/08 models had improvements did they not?

I just can't see how if the 04/05 cars are holding 60k, how can a later model be worth the same money even in few years, but that maths the early cars would be sub 40k, would that be right for a straight car ?

yes, continued improvements year on year, minor at times, call them tweaks, often related to reliability...

the prices bottom out as they become affordable to a greater number of people... demand>supply.....

[70proof]

threesixty said:

70proof said:

from 2011 to 2014 i lost 9k in depreciation on a my08 coupe......... hth

Only because you barely used it

6k miles is not a lot, true, but every one of those miles was hooning about....

[GRBF430F1]

AndrewD said:

Please, for the love of God stop going on about how much you may or may not have "made".

In the scheme of things it is peanuts either way. Plenty of smarter choices for your money

Gee, sense of humour failure. There I was taking the p155 out of myself and you bring up how much I'm making ??????

Agree its peanuts. Cars our my hobbie and passion not my investment portfolio but houses, stock and shares and pensions are a bit boring TBH

[Jules360]

GRBF430F1 said:

AndrewD said:

Please, for the love of God stop going on about how much you may or may not have "made".

In the scheme of things it is peanuts either way. Plenty of smarter choices for your money

Gee, sense of humour failure. There I was taking the p155 out of myself and you bring up how much I'm making ??????

Agree its peanuts. Cars our my hobbie and passion not my investment portfolio but houses, stock and shares and pensions are a bit boring TBH

We'll stop going on ad nauseum about values, guaranteed future classic status etc and try actually driving the cars. Then you might be able some informed comment on the experience. Otherwise consider posting in the Finance section, they might be more interested in future values.

[andrew]

GRBF430F1 said:

AndrewD said:

Please, for the love of God stop going on about how much you may or may not have "made".

In the scheme of things it is peanuts either way. Plenty of smarter choices for your money

Gee, sense of humour failure. There I was taking the p155 out of myself and you bring up how much I'm making ??????

Agree its peanuts. Cars our my hobbie and passion not my investment portfolio but houses, stock and shares and pensions are a bit boring TBH

andrewd's only kidding - he loves it when you talk investments
cheer him up and show him your future projections, rates of return, buy/sell points etc
...and if you've got any running costs spreadsheets, then these would really make his day : they are FUN
hth

[andrew]

70proof said:

threesixty said:

70proof said:

from 2011 to 2014 i lost 9k in depreciation on a my08 coupe......... hth

Only because you barely used it

6k miles is not a lot, true, but every one of those miles was hooning about....

...and dogging

[pje1210]

70proof said:

yes, continued improvements year on year, minor at times, call them tweaks, often related to reliability...

the prices bottom out as they become affordable to a greater number of people... demand>supply.....

Thanks 70proof, I thought July post was going to lost in the red is best and most appreciating debate!!!, just to let you know the one I'm looking at is white, which I think is one of the best colours.

I'm going to have another look this afternoon, see if all the paperwork stacks up, another drive which will prob seal the deal, but we'll see, any last min pointers would be great peps.

Thanks