Will Gallardo's Keep Going Down In Price??
Discussion
I have been looking for a Gallardo for the last 6 months now and you could buy an 04 plate for about 75k 6 months ago now you can buy them for 59k with 17k on the clock in the auto trader. They seem to be losing about £2,000 a month roughtly.
It’s crazy how cheap these cars are getting. I was also offered an 05 plate with 16k on the clock for 65k. I am sure people are in the same situation as me waiting for a bargain to come along. Would anyone like to share their views?
It’s crazy how cheap these cars are getting. I was also offered an 05 plate with 16k on the clock for 65k. I am sure people are in the same situation as me waiting for a bargain to come along. Would anyone like to share their views?
neolee40 said:
I have been looking for a Gallardo for the last 6 months now and you could buy an 04 plate for about 75k 6 months ago now you can buy them for 59k with 17k on the clock in the auto trader. They seem to be losing about £2,000 a month roughtly.
It’s crazy how cheap these cars are getting. I was also offered an 05 plate with 16k on the clock for 65k. I am sure people are in the same situation as me waiting for a bargain to come along. Would anyone like to share their views?
why have you not bought one after looking for 6 months ??? It’s crazy how cheap these cars are getting. I was also offered an 05 plate with 16k on the clock for 65k. I am sure people are in the same situation as me waiting for a bargain to come along. Would anyone like to share their views?
...and what's the real ball-breaker for people who can't wait to buy a £120,000+ car for less then 50p and a packet of mints is that no matter what you pay for the metal itself, it will always cost the same amount of money to maintain as it ever did - £$€lots if done properly or soon/eventually £$€very, £$€very £$€lots if not...
Can't see ANY Gallardo that's worth having being much less than £55k any year soon - unless you want a panic sale car and like to benefit from the misfortunes of others, or like to own crash-damaged cars with wonky repair work by a non-specialist perhaps...
I mean, whatever could go wrong for the keen bargain hunter where only the lowest possible purchase price matters?
Can't see ANY Gallardo that's worth having being much less than £55k any year soon - unless you want a panic sale car and like to benefit from the misfortunes of others, or like to own crash-damaged cars with wonky repair work by a non-specialist perhaps...
I mean, whatever could go wrong for the keen bargain hunter where only the lowest possible purchase price matters?
When I was looking 18months ago, a Co. Summerhouse cars had their blue G up for £115K - too rich for me. It's still for sale now at £80K. I'm sure if you wait and offer them £40K in a year's time they'll bite your hand off. 
I bought the car I wanted when it was for sale, if I had waited for the price to drop, I would have to put up with a high mileage green one or something just as nasty.
I bought the car I wanted when it was for sale, if I had waited for the price to drop, I would have to put up with a high mileage green one or something just as nasty.
OK Quick dealer perspective:
1. 6 months ago we were heading into summer. Sports car sales will be at their highest. Just as values will toughen up next year as we head back into summer again.
2. In late 2005 the Gallardo was massively upgraded making the early cars an old spec.
3. In June this year the LP560-4 was introduced making the early Gallardos old spec and slightly different shape.
4. It wouldnt be a thread without mentioning the economic climate. That has to be a factor.
5. Despite all of the above the cheaper price you have quoted means after over four years the car is worth circa 50% of it new price.
Based on all of this is the Gallardo still a residually strong car? I will let you all decide.
1. 6 months ago we were heading into summer. Sports car sales will be at their highest. Just as values will toughen up next year as we head back into summer again.
2. In late 2005 the Gallardo was massively upgraded making the early cars an old spec.
3. In June this year the LP560-4 was introduced making the early Gallardos old spec and slightly different shape.
4. It wouldnt be a thread without mentioning the economic climate. That has to be a factor.
5. Despite all of the above the cheaper price you have quoted means after over four years the car is worth circa 50% of it new price.
Based on all of this is the Gallardo still a residually strong car? I will let you all decide.
neolee40 said:
I have been looking for a Gallardo for the last 6 months now and you could buy an 04 plate for about 75k 6 months ago now you can buy them for 59k with 17k on the clock in the auto trader. They seem to be losing about £2,000 a month roughtly.
It’s crazy how cheap these cars are getting. I was also offered an 05 plate with 16k on the clock for 65k. I am sure people are in the same situation as me waiting for a bargain to come along. Would anyone like to share their views?
Of course they will continue to lose money as ALL cars do unless collectable/rare.It’s crazy how cheap these cars are getting. I was also offered an 05 plate with 16k on the clock for 65k. I am sure people are in the same situation as me waiting for a bargain to come along. Would anyone like to share their views?
Why has it taken you 6 months? Loads out there guess you are just not keen to take the plunge go on buy one and start
If someone is serious, what is the point in continually waiting and waiting just to see if it falls any further, you'll wait forever? Surely anyone who wanted a G 6 months ago must be rubbing their hands together right now. Could any further frop in the future of these early cheaper cars compensate for the time right now that you're depriving yourself of your Lambo? Life is short and who knows what the future holds.
That said, it's not my money. Never driven one and don't want to, just incase I like it too much.
That said, it's not my money. Never driven one and don't want to, just incase I like it too much.
neolee40 said:
I have been looking for a Gallardo for the last 6 months now and you could buy an 04 plate for about 75k 6 months ago now you can buy them for 59k with 17k on the clock in the auto trader. They seem to be losing about £2,000 a month roughtly.
It’s crazy how cheap these cars are getting. I was also offered an 05 plate with 16k on the clock for 65k. I am sure people are in the same situation as me waiting for a bargain to come along. Would anyone like to share their views?
Car prices have always gone down for all marques and models, thought everyone knew that! basic fact of life, until they hit a level where they settle for a few years until they gain classic desirability, then maybe start to rise.It’s crazy how cheap these cars are getting. I was also offered an 05 plate with 16k on the clock for 65k. I am sure people are in the same situation as me waiting for a bargain to come along. Would anyone like to share their views?
However I would imagine Gallardo prices will fall to about 40-50k mark and stay around there for some time. having said that with all the environmental b
ks and the world economy in ruins god knows what is actually going to happen to the value of exotics.Edited by Erich Stahler on Friday 21st November 09:59
Lamborghinis by their very nature always plummet in value at first, they always have done.
If the net result of all the variables mentioned and considered is still 'that' 50% value after 4 or 5 years, that's pretty damn good for a car like the Gallardo when they are still so young if you're speaking long-term .
Unlike earlier times, the 'buyer profile' of these cars was/is far wider than ever before, not least because so many more have been made than any Lamborghini before...
Some Gallardos have been treated as perishable toys, others have had a longer-term preservation effort applied from day 1 and all maintenance and use-style points in between also apply. If the overall 'result' is still a 50% value after 4 or 5 years then great - as ever, quality care WILL fetch the best prices at onward sale time, dealer or private.
Everybody seems to think that Diablos are relatively cheap these days. A rough-guess average new price over the approx. 10 years of production would be about £100,000 (I know, that time frame is loose at best and many Diablos cost more money, many less to buy new - this is just an average over a long time period) - net result after all these years is now an INCREASING average value market (apart from the fekked about with by numpties cars) and, hey, hey - that 2008 average is actually some 60-70% of original cost... cheap?
...and yep, a Diablo will still cost a shedload of money to maintain properly but, they still look just about the best cars on the road from the 1990s if not from anytime from many people's p-o-v...
Just imagine the advert for an original spec. Gallardo from 2003 in twenty years time...
FOR SALE
2003 Lamborghini Gallardo almost perfect apart from some slight wear on the seats and the joy of a odometer that reads over 80,000 kilometers of good use and all with a mountain of receipts and dvd's full of pix and video 'footage', some quite 'illegal' at the time taken!...
Thank you sir, that'll be 100,000 World Currency Bolivars or if you insist, 300,000 of those near-worthless old 'pound' / 'euro' / 'dollar' thingies... yes, yes, the Giallo Midas never gives up with that 'glowing wildly' trick does it, no, no, the mp3 player may be an antique but it still works, the exhaust is what? yes, yes, it really is that loud, really that loud, I said really that loud, really ... the egear? well, just lift a little as you goooooooooooooooooooooooooooooooooooooooooooo
If the net result of all the variables mentioned and considered is still 'that' 50% value after 4 or 5 years, that's pretty damn good for a car like the Gallardo when they are still so young if you're speaking long-term .
Unlike earlier times, the 'buyer profile' of these cars was/is far wider than ever before, not least because so many more have been made than any Lamborghini before...
Some Gallardos have been treated as perishable toys, others have had a longer-term preservation effort applied from day 1 and all maintenance and use-style points in between also apply. If the overall 'result' is still a 50% value after 4 or 5 years then great - as ever, quality care WILL fetch the best prices at onward sale time, dealer or private.
Everybody seems to think that Diablos are relatively cheap these days. A rough-guess average new price over the approx. 10 years of production would be about £100,000 (I know, that time frame is loose at best and many Diablos cost more money, many less to buy new - this is just an average over a long time period) - net result after all these years is now an INCREASING average value market (apart from the fekked about with by numpties cars) and, hey, hey - that 2008 average is actually some 60-70% of original cost... cheap?
...and yep, a Diablo will still cost a shedload of money to maintain properly but, they still look just about the best cars on the road from the 1990s if not from anytime from many people's p-o-v...
Just imagine the advert for an original spec. Gallardo from 2003 in twenty years time...
FOR SALE
2003 Lamborghini Gallardo almost perfect apart from some slight wear on the seats and the joy of a odometer that reads over 80,000 kilometers of good use and all with a mountain of receipts and dvd's full of pix and video 'footage', some quite 'illegal' at the time taken!...
Thank you sir, that'll be 100,000 World Currency Bolivars or if you insist, 300,000 of those near-worthless old 'pound' / 'euro' / 'dollar' thingies... yes, yes, the Giallo Midas never gives up with that 'glowing wildly' trick does it, no, no, the mp3 player may be an antique but it still works, the exhaust is what? yes, yes, it really is that loud, really that loud, I said really that loud, really ... the egear? well, just lift a little as you goooooooooooooooooooooooooooooooooooooooooooo
Soovy said:
BentleyLamboBrum said:
Sports car sales will be at their highest. Just as values will toughen up next year as we head back into summer again.
No please, stop it
Second point 'values will toughen up the the beginning of next summer' I didnt say that car values will necessarily go up. I said that they will toughen. When demand is at its highest values are firmer. I only have experience of this market but would that be the case with any product?
Edited by BentleyLamboBrum on Friday 21st November 10:08
BentleyLamboBrum said:
Soovy said:
BentleyLamboBrum said:
Sports car sales will be at their highest. Just as values will toughen up next year as we head back into summer again.
No please, stop it
Second point 'values will toughen up the the beginning of next summer' I didnt say that car values will necessarily go up. I said that they will toughen. When demand is at its highest values are firmer. I only have experience of this market but would that be the case with any product?
But it's getting very boring being told that the car market it on it's ar5e and no one is buying (when trying to trade in) and being told that prices are holding up (when trying to buy).
The luxury product market is completely and utterly shafted. I suspect you've sold a lot of Gallardos to people who borrowed against their mock tudor Barratts. Which are now plummeting like Xmas trees on Boxing Day.
That's why I see Gallardo prices (along with Bentley, 911 etc) going only one way.
And I take no joy from it. I'm trying to trade in my 911, and have come to realise it's worth fook all.
Ok fair point. And i agree that the market is a very different one now. But my point is this. Based on everything I have put are Gallardos in freefall?
I think that the incredibly strong residuals that we have all enjoyed for a long time are no longer the case but based on the car market as a whole they still seem to be doing alright to me.
I also agree with the other points. Will a Gallardo ever be £9995? Not in my opinion but I will keep one half of my garage free for that day just in case!!
I think that the incredibly strong residuals that we have all enjoyed for a long time are no longer the case but based on the car market as a whole they still seem to be doing alright to me.
I also agree with the other points. Will a Gallardo ever be £9995? Not in my opinion but I will keep one half of my garage free for that day just in case!!
Edited by BentleyLamboBrum on Friday 21st November 10:18
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