Urus

Author
Discussion

Drl22

Original Poster:

766 posts

65 months

Monday 24th June 2019
quotequote all
Test drove one of these yesterday and fell in love with it, really is a jack of all trades.

I was wondering what other people’s option on the values of these is. I know it’s hard to tell with it being a new model and with Lamborghini limiting production of it.

My take is that with Lamborghini saying they will make 8000 cars next year and half Urus’ that a car that is £210,000 now will begin to drop with age, mileage and higher numbers hitting the road so we might see that car around £180,000 in a year or so. The profits for Lamborghini and going to be hard to resist and they will surely make even more than 4000 in the 2021.

Why does this matter, well like anyone I want to not be the one taking the main depreciation hit. Let me know your thoughts/ wild crystal ball projections!

Edited by Drl22 on Monday 24th June 13:07


Edited by Drl22 on Monday 24th June 13:15

PGNSagaris

2,934 posts

166 months

Monday 24th June 2019
quotequote all
It will st money at an alarming rate smile

HTH

Adam B

27,244 posts

254 months

Monday 24th June 2019
quotequote all
Drl22 said:
My take is that with Lamborghini saying they will make 8000 cars next year and half Urus’ that a car that is £210,000 now will begin to drop with age, mileage and higher numbers hitting the road so we might see that car around £180,000 in a year or so.
which means a dealer will bid you 160k

ferdi p

1,519 posts

172 months

Monday 24th June 2019
quotequote all
Adam B said:
Drl22 said:
My take is that with Lamborghini saying they will make 8000 cars next year and half Urus’ that a car that is £210,000 now will begin to drop with age, mileage and higher numbers hitting the road so we might see that car around £180,000 in a year or so.
which means a dealer will bid you 160k
At best I reckon, I was about to say 150k max in a year!

Drl22

Original Poster:

766 posts

65 months

Monday 24th June 2019
quotequote all
ferdi p said:
At best I reckon, I was about to say 150k max in a year!
I am talking more from a point of view where I wait until this point before purchase rather than purchase now.

Drl22

Original Poster:

766 posts

65 months

Monday 24th June 2019
quotequote all
PGNSagaris said:
It will st money at an alarming rate smile

HTH
What have you based this on out of interest? The one I test drove yesterday had 4K miles on it, demo car, and was sold over list price.

W4NTED

690 posts

214 months

Monday 24th June 2019
quotequote all
Delivery times are now only 4 months for a new car at some UK dealers. The cars above list are not selling. The bubble will burst soon. £160k trade next year is about right.

RobDown

3,803 posts

128 months

Monday 24th June 2019
quotequote all
Drl22 said:
What have you based this on out of interest? The one I test drove yesterday had 4K miles on it, demo car, and was sold over list price.
If you’re asking for a scientific formula to substantiate that number you’re not going to get it.

But just practical experience says these cars are going to fall in value over the next year or two and potentially quite sharply. It’s not exactly going to be a rare car given likely production numbers and Lamborghinis don’t often hold their value.

Add to this the launch of two potential rivals in the next couple of years (Ferrari Purosangue and the Aston Martin DBX) and well-heeled buyers of luxury SUVs are going to be spoilt for choice

That’s not to say you shouldn’t buy one. But go into it with your eyes open. Could they depreciate by 40% over three years? Easily in my view

cayman-black

12,643 posts

216 months

Tuesday 25th June 2019
quotequote all
Drl22 said:
PGNSagaris said:
It will st money at an alarming rate smile

HTH
What have you based this on out of interest? The one I test drove yesterday had 4K miles on it, demo car, and was sold over list price.
They are holding amazingly well imo.

imclueless

208 posts

216 months

Wednesday 26th June 2019
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It’s new and rare so prices will hold up for a while then drop

bertie

8,548 posts

284 months

Wednesday 26th June 2019
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As usual with pretty juch all cars, 24-30 months old seems to be the sweet spot to dab in.

IMHO

PGNSagaris

2,934 posts

166 months

Friday 19th July 2019
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Drl22 said:
What have you based this on out of interest? The one I test drove yesterday had 4K miles on it, demo car, and was sold over list price.
Friend sold one recently. £50k hiding. Lambo dealer purchase back to a Lambo dealer on SOR. Dealer margin was around £24k. Not a single dealer or independent would buy it back outright. None.

Totally normal for a car like this. Can’t imagine why anyone would think differently.

easytiger123

2,595 posts

209 months

Friday 19th July 2019
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PGNSagaris said:
Friend sold one recently. £50k hiding. Lambo dealer purchase back to a Lambo dealer on SOR. Dealer margin was around £24k. Not a single dealer or independent would buy it back outright. None.

Totally normal for a car like this. Can’t imagine why anyone would think differently.
You're either making that up or your friend has been well and truly rogered. Sold mine (SVJ arrival meant it had to go as I just don't have the time for 2 cars) via a Lambo dealer within the last couple of weeks. Went for list pretty quickly. Dealer margin was 5k.

I have no doubt they'll depreciate in time like almost all vehicles, but unless you are starring in a remake of Brewster's Millions, you won't be selling one for a 50k hit anytime soon.

_Superleggera_

2,004 posts

197 months

Friday 19th July 2019
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Holding quite well unless you hand it back to Lamborghini and have your backside handed to you. I'm hunting for a white one at the moment and not many good ones around. smile

PGNSagaris

2,934 posts

166 months

Friday 19th July 2019
quotequote all
easytiger123 said:
You're either making that up or your friend has been well and truly rogered. Sold mine (SVJ arrival meant it had to go as I just don't have the time for 2 cars) via a Lambo dealer within the last couple of weeks. Went for list pretty quickly. Dealer margin was 5k.

I have no doubt they'll depreciate in time like almost all vehicles, but unless you are starring in a remake of Brewster's Millions, you won't be selling one for a 50k hit anytime soon.
you px'ed. Totally different ballgame

easytiger123

2,595 posts

209 months

Friday 19th July 2019
quotequote all
PGNSagaris said:
you px'ed. Totally different ballgame
Nope. I took delivery of the SVJ 3 months ago. Only sold the Urus a couple of weeks ago in an entirely separate trade, having watched it sit on the driveway barely driven for most of the intervening period. Same dealer to be fair so they may have taken a slightly smaller SOR margin as a good customer but that’s about it.

topjay

775 posts

218 months

Friday 19th July 2019
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What proper dealers margin is only £5k on a car of that value? Genuinely interested as I will use them

Turbo cab

1,601 posts

232 months

Saturday 20th July 2019
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topjay said:
What proper dealers margin is only £5k on a car of that value? Genuinely interested as I will use them
I can vouch for him as this is what my Lamborghini dealer charges me for SOR however, I doubt you would get the same rate if your a walk in that has no purchase history with said dealer.

easytiger123

2,595 posts

209 months

Saturday 20th July 2019
quotequote all
Topjay have PM’d you details. £5k seems reasonable when it’s a service for a decent (I hope) customer that requires little capital outlay, and the vehicle in question is still in fairly short supply with decent enough demand. I’ve had independents do it for less than that fwiw.

The better question would be what dealer rapes their customer for 24 grand for the identical service, on a vehicle they can’t have supplied that long ago, all for the privilege of flogging it for allegedly another 30 grand below where similar cars are trading.

topjay

775 posts

218 months

Saturday 20th July 2019
quotequote all
Turbo cab said:
I can vouch for him as this is what my Lamborghini dealer charges me for SOR however, I doubt you would get the same rate if your a walk in that has no purchase history with said dealer.
You guys are doing better than me, thanks for the email tiger, I will discuss with your dealer instead of mine!
I spend on average £250k a year with same dealer for the last 10 years and I have largely the same experience as what was posted, they won’t ever buy anything back and want a massive margin in it for SOR even if they will take it which they often won’t as they say they already have one so don’t want to compete. Minimum 10k fee plus any work needed off my end.