Warranty on Lambo?

[crikeymikey]

Vesuvius 996 said:

There is no WAY I'd EVER buy a used Lambo without a warranty. If the engine goes then essentially the car is well on the way to being a write off? Surely this will massacre prices?

Well, it's an interesting situation, that's for sure.

This won't be the first time that a Lamborghini concessionaire has ignored it's customer base so it wouldn't surprise me if nothing happens.

Hard to believe something isn't in the pipleline, though. We have to give the dealer network a chance on this one but their timing is a bit last minute.

[cummingsa]

Vesuvius 996 said:

[ Who will buy a £60k Gallardo with no cover if the worst happens. A £50k one? £40k?

If Porsche can offer a comprehensive warranty on a £130k GT2 up to 125,000 miles and ten year for £725 a year, surely Lambo can get close?? Even Ferrari offer the Powertrain warranty on older cars, albeit for £1700..

Edited by Vesuvius 996 on Wednesday 26th July 10:47

Vesuvius,

I just don't see it happening, that's why people are still buying 5 year old Diablo's (with no warranty)and the market is still strong (90-100K). Admittidley the Gallardo is more common than a Diablo but at then end of the day people who Lamborghini's generally have money and will spend money on them. i doubt prices will ever get anywhere near 60K in the near future or even 40K ever, i think that wishful thinking. For a benchmark I think you have to look at 360's and there residuals. 2000 year cars well out of warranty still fetching 60K, I think its going to be similar for the Gallardo or maybe slightly higher due to less commonality.

Agreed though Lambo definately have to do something about warranty and fast.

Andy.

[Vesuvius 996]

cummingsa said:

Vesuvius 996 said:

[ Who will buy a £60k Gallardo with no cover if the worst happens. A £50k one? £40k?

If Porsche can offer a comprehensive warranty on a £130k GT2 up to 125,000 miles and ten year for £725 a year, surely Lambo can get close?? Even Ferrari offer the Powertrain warranty on older cars, albeit for £1700..

Edited by Vesuvius 996 on Wednesday 26th July 10:47

Vesuvius,

I just don't see it happening, that's why people are still buying 5 year old Diablo's (with no warranty)and the market is still strong (90-100K). Admittidley the Gallardo is more common than a Diablo but at then end of the day people who Lamborghini's generally have money and will spend money on them. i doubt prices will ever get anywhere near 60K in the near future or even 40K ever, i think that wishful thinking. For a benchmark I think you have to look at 360's and there residuals. 2000 year cars well out of warranty still fetching 60K, I think its going to be similar for the Gallardo or maybe slightly higher due to less commonality.

Agreed though Lambo definately have to do something about warranty and fast.

Andy.

A fair point well made. I think the issue is that you have the OPTION to buy a warranty on a 360. Some people will never bother, but I wouldn never be in a position to risk it!!

[traxx]

Vesuvius 996 said:

cummingsa said:

Vesuvius 996 said:

[ Who will buy a £60k Gallardo with no cover if the worst happens. A £50k one? £40k?

If Porsche can offer a comprehensive warranty on a £130k GT2 up to 125,000 miles and ten year for £725 a year, surely Lambo can get close?? Even Ferrari offer the Powertrain warranty on older cars, albeit for £1700..

Edited by Vesuvius 996 on Wednesday 26th July 10:47

Vesuvius,

I just don't see it happening, that's why people are still buying 5 year old Diablo's (with no warranty)and the market is still strong (90-100K). Admittidley the Gallardo is more common than a Diablo but at then end of the day people who Lamborghini's generally have money and will spend money on them. i doubt prices will ever get anywhere near 60K in the near future or even 40K ever, i think that wishful thinking. For a benchmark I think you have to look at 360's and there residuals. 2000 year cars well out of warranty still fetching 60K, I think its going to be similar for the Gallardo or maybe slightly higher due to less commonality.

Agreed though Lambo definately have to do something about warranty and fast.

Andy.

A fair point well made. I think the issue is that you have the OPTION to buy a warranty on a 360. Some people will never bother, but I wouldn never be in a position to risk it!!

I had a FerrariUK power warranty on my old 360 and I can tell you that of the 3 things that went wrong with the engine, none was covered by the warranty

[Vesuvius 996]

traxx said:

Vesuvius 996 said:

cummingsa said:

Vesuvius 996 said:

[ Who will buy a £60k Gallardo with no cover if the worst happens. A £50k one? £40k?

If Porsche can offer a comprehensive warranty on a £130k GT2 up to 125,000 miles and ten year for £725 a year, surely Lambo can get close?? Even Ferrari offer the Powertrain warranty on older cars, albeit for £1700..

Edited by Vesuvius 996 on Wednesday 26th July 10:47

Vesuvius,

I just don't see it happening, that's why people are still buying 5 year old Diablo's (with no warranty)and the market is still strong (90-100K). Admittidley the Gallardo is more common than a Diablo but at then end of the day people who Lamborghini's generally have money and will spend money on them. i doubt prices will ever get anywhere near 60K in the near future or even 40K ever, i think that wishful thinking. For a benchmark I think you have to look at 360's and there residuals. 2000 year cars well out of warranty still fetching 60K, I think its going to be similar for the Gallardo or maybe slightly higher due to less commonality.

Agreed though Lambo definately have to do something about warranty and fast.

Andy.

A fair point well made. I think the issue is that you have the OPTION to buy a warranty on a 360. Some people will never bother, but I wouldn never be in a position to risk it!!

I had a FerrariUK power warranty on my old 360 and I can tell you that of the 3 things that went wrong with the engine, none was covered by the warranty

Jesus. What went wrong/how much?

[traxx]

Vesuvius 996 said:

Jesus. What went wrong/how much?

Oil pressure would drop (so the warning light came on) while sitting in N
Took two goes to fix it - even though they said it was a standard problem with the cars

F1 gearbox would jam in N - again not covered and a standard problem (see other current thread on 360 problem)

cost wasn't huge - I was just pissed off that it wasn't covered

Edited by traxx on Wednesday 26th July 14:00

[Lambochick]

Vesuvius 996 said:

There is no WAY I'd EVER buy a used Lambo without a warranty. If the engine goes then essentially the car is well on the way to being a write off? Surely this will massacre prices?

Have you see the prices of an SV Miura lately?

[v-neo]

Any Gallardo owners that want to see some movement on this issue PM me...

Regards
Simon

[GI Jnr]

Vesuvius 996 said:

Sounds to me like this was the dealer being a good bloke - they would, I suspect, almost certainly charge an uplift on the price of the car and cover the extra costs of goodwill fixes with that.

Good result for you though, Tuan.

PS could you extend it at the end of the twelve months?

Of course they have catered for it in the price, that's why main dealers car's are always more than the going rate.

But does this not come under the "good fit for purpose"..? I went into the deal and the dealer was fully aware (and accepted) that if I had any problems, it'd go straight back to them. Also had the throttle bodies cleaned on them.

Could extend it because it was a dealer thing and not a separate warranty.

Tuan

[octane]

cummingsa said:

Hi Guys,

My understanding of the warranty situation (I'm talking Gallardo now)from talking to the guys at Lambo is:-

Lambo UK (HR Owen)paid an additional premium to Sant Agata for each UK car supplied for an additional twelve months warranty on top of the two years already supplied. The issue of an extended warranty has been talked about now for a long time now with no Progress. Lambo UK need to get there finger out and sort something out quickly before it damages the residuals and the brand name.Why they can't offer a extended warranty based on the costs of the additional years manufacturers warranty i don't know.

On a side note my Gallardo has just gone in for service at 12,000 miles and has had to have in excess of £4K's worth of warranty work done on it!!With my warranty expiring in January the potential for high running costs may put people of and adversely affect the residual values of the car. But then again I suppose at the end of the day you have to expect larger than average bills when running a car like a Gallardo.

Andy.

Large warranty bills is what I experienced when i had the car.

I purchased it in the first place because I believed it to offer less of the pitfalls of say Ferrari with Audi build quality - all in a package one could use everyday.

What is clear is that this is not the case there are build and reliablity issues- this coupled with parts prices that make ferrari look cheap do little to underpin the market for such a car.

In the end I decided to take a hit and sell with a years warranty left. But with these cars more than any other- take a hit you will when it comes to selling it. But one is stuck; if you want to buy you really need to go to a main dealer and pay 90K for a car thats worth 76K trade( if you can get a bid) or you buy one out of that network and take your( rather large) chance on the outcome. And thats why if you want to sell a Gallardo SH you are STUFFED- as I discovered!

[octane]

cummingsa said:

Vesuvius 996 said:

[ Who will buy a £60k Gallardo with no cover if the worst happens. A £50k one? £40k?

If Porsche can offer a comprehensive warranty on a £130k GT2 up to 125,000 miles and ten year for £725 a year, surely Lambo can get close?? Even Ferrari offer the Powertrain warranty on older cars, albeit for £1700..

Edited by Vesuvius 996 on Wednesday 26th July 10:47

Vesuvius,

I just don't see it happening, that's why people are still buying 5 year old Diablo's (with no warranty)and the market is still strong (90-100K). Admittidley the Gallardo is more common than a Diablo but at then end of the day people who Lamborghini's generally have money and will spend money on them. i doubt prices will ever get anywhere near 60K in the near future or even 40K ever, i think that wishful thinking. For a benchmark I think you have to look at 360's and there residuals. 2000 year cars well out of warranty still fetching 60K, I think its going to be similar for the Gallardo or maybe slightly higher due to less commonality.

Agreed though Lambo definately have to do something about warranty and fast.

Andy.

Firstly, pricing: of course the main dealer will maintain high pricing and that is evidenced by 90/100K diablos. But there may be confusion between what the dealer asks and what the true worth of the car is!!hence leading us into a false sense of security that the car we have just paid 100K for is actually worth anything like that figure. Take a 100K diablo just purchased from the main dealer and see what in the REAL world you obtain for it- 10s of thousands adrift me thinks.

secondly, 360 pricing is underpinned by a large dealer and independant network and this is what makes the market- no competition means low prices and lack of demand thats where lambo fall down.

thirdly, why doubt prices will ever get near £60K they are 75K trade now so I think 60 next year is about where its at?? and they will never be 40k!!! why is that???

The new supercar market is a very tough one with so many entrants- all competing for demand which is not there the result is that one will get continual drops to stimulate the demand from individuals lower down the pricing spectrum and the Gallardo above all is not immune from this- exclusive or not.

What it comes down do is supply and demand not perceived worth. We now have SO many cars competing in this market sector, does one buy a 3 year old gallardo with no real warranty( and even if there is a goodwill warranty what about when you sell it) or do you buy an aston ferrari ect thats younger with a proper manufacturers warranty.

A great car BUT very poorly managed by lambo.