Good deals for SuperL's and a Spyder | FerrariChat

Good deals for SuperL's and a Spyder

Discussion in 'LamborghiniChat.com' started by 360LVR, Feb 24, 2009.

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  1. 360LVR

    360LVR Karting

    Jul 18, 2004
    50
    Watching the market continue to fall on Gallardos and have been going back and forth on buying a Spyder vs a Superleggera. Found 1 SuperL with less than 700 miles at a dealer with inspection, mint condition for $145k and a 2008 Spyder with 500 miles mint condition for $155k. Are these deals fairly solid or will I be kicking myself next month when they drop another $5k-$10k????
     
  2. $$$=SPEED

    $$$=SPEED F1 Veteran

    Aug 18, 2004
    5,330
    Portland, Or. USA
    Full Name:
    Depends who's asking
    If we all only knew that answer. I can tell you that a new un-punched SL for $145k is one of the cheapest if not the cheapest in the country. Assuming it is fully loaded cause on that car re-sale will be much more with CC brakes. Most are $150-$180k. The SL will hold its money much better that a spider for sure, lower production and limited edition car. If you want one I would jump at the $145k. They cannot get too much lower anyway and start enjoying it now.

    Just my opinion
     
  3. Tonycan

    Tonycan Formula Junior

    Mar 18, 2002
    349
    Here and there
    Full Name:
    Tony C.
    If you can buy an SL for $145 and it's a real car, do it. While I don't think these cars are going to go much lower, especially once those available get into enthusiast hands, even if it does drop another $10K in a year, you will have owned and driven a fabulous car for $10K, or less than $1k a month. I own an SL, and I can tell you it's one of the best cars (buys) on the market today. It may be a stripped version, but even so a good buy at that number.
     
  4. 360LVR

    360LVR Karting

    Jul 18, 2004
    50
    Just when I thought it couldn't get any better.... 2 more Lambo dealers contacted me about 2 SuperL's they have. One is loaded with everything and they want $150k for it (MSRP is $255k) and only have 100 miles and the other has everything but ceramic brakes (MSRP $247k) for only $148k with 300 miles. Both warranties just started in 2009. Are these too good to pass up. Maybe next month I can find one for $140k...... One of these dealers had one listed at $149k (orange, loaded, 750 miles) and couldn't sell it so he's sending it to auction...are prices falling that quickly???
    Only time will tell....
     
  5. smooth

    smooth Formula Junior

    Nov 4, 2005
    682
    Looks like even some dealers are panicking; no doubt that some stand-alone Lamborghini dealerships will just close up due to lack of any sales.
    You can't beat a dead horse (or, bull) !!! :(
     
  6. 360LVR

    360LVR Karting

    Jul 18, 2004
    50
    That could be. I would only buy a uses Lambo from a Lambo dealer that completes service/inspection on a vehicle. I guess it gives me a little more peace of mind.....
    Every time I find myself about to jump in on a car, I find a better deal...
    I was about to buy a Super L for $180k (new) a couple months ago. Now I am finding similar cars for $30k+ less. That's some rapid depreciation. Strangely my Ford GT doesn't seem to be depreciating like this at all....
     
  7. BOOMER7

    BOOMER7 Karting

    Jan 3, 2009
    145
    I recently (2 weeks) purchased a 2006 G Coupe with 6k for miles and a brand new clutch along with a PPI from a private party for 110!!!
    If in 3 years the exotic market is still bad I'm quite sure the car will still be worth 80k. I think to drive and enjoy that's still not bad.

    Thoughts??
     
  8. targanero

    targanero Formula 3

    May 31, 2005
    1,661
    New York
    Full Name:
    Simon
    There's no reason to think any exotic will bottom out in value any time soon. The market for new, six-figure cars is almost non-existent today and the supply of cars on the market will only grow over the next 18+ months.
     
  9. JJB

    JJB Karting

    Aug 5, 2004
    51
    Texas
    While not as far as others, they have come down quite a bit in the last 6 months. I think the Superleggera is a great deal in the $150K range. You would have to pay the same amount for a 2005 F430 Coupe with miles and no warranty. Being a limited production car, they will all end up in the hands of individuals soon and that is when you will see the values stabililze or even come back a bit. An individual will be less likely to take a huge hit that some dealers are willing to take and will simply hang on to the car. IMHO.

    JJB
     
  10. BOOMER7

    BOOMER7 Karting

    Jan 3, 2009
    145
    I think you mean a 430 Spider. This was the other car I considered and 3 of them checked clean with under 5k for miles in the lo 150 range.
     
  11. smooth

    smooth Formula Junior

    Nov 4, 2005
    682
    The prices on the Ford GT are very interesting. That is something that I find confusing. I.E. , that the 'Ford' has held it's price much, much better than the higher end marques like Lamborghini. ???
     
  12. Testacojones

    Testacojones F1 Veteran

    Nov 3, 2003
    5,198
    Florida
    Full Name:
    Luix Lecusay
    Maybe the cheap maintenance, running costs and peace of mind that the motor isn't $85k like in a Murcielago...
     
  13. stradleboy

    stradleboy Formula Junior

    May 14, 2006
    536
    Firenze/NY/MI
    Full Name:
    Bennett
    the major on a murcie can't really be 85k can it?
     
  14. vaholtorf

    vaholtorf Formula 3
    BANNED

    Jul 7, 2006
    1,077
    Colorado
    Full Name:
    Victor Holtorf


    IMO the Ford FT has held it value better because they are out of production, and there isn't even a similar (similar=based on, looking like, or performing like) product in Ford's pipeline. So the supply of Ford GT or anything even similar is known, fixed, and never increasing. In contrast, new Lambos are still coming out of the factory that are based on, similar looking, and similar performing to the Gallardo and Murcielago, so the supply is growing to a completely unknown volume, which obviously affects the values of the old ones.
     
  15. Testacojones

    Testacojones F1 Veteran

    Nov 3, 2003
    5,198
    Florida
    Full Name:
    Luix Lecusay
    No, a brand new motor is. That's what I was told by a Lamborghini Murcielago owner, his source I don't know.
     
  16. smooth

    smooth Formula Junior

    Nov 4, 2005
    682
    Excellent point.
    Another reason, that I hope: the factory does not start producing any nonsensical special editions, that are really nothing 'special' (in most cases).
     
  17. loungedog

    loungedog Formula Junior

    Nov 6, 2003
    291
    New Market, Ontario
    Wow,

    Those are some excellent sounding deals. I may need to contact you to get the names of the dealers selling these cars. Did you check out the deals on the LP560? I read that they are selling in the $180,000 range with less then 1000 miles. Not sure if those are real or not?
     
  18. loungedog

    loungedog Formula Junior

    Nov 6, 2003
    291
    New Market, Ontario
    What year were you looking at for that price range..05?
     
  19. BOOMER7

    BOOMER7 Karting

    Jan 3, 2009
    145
    Yes the 430 the Ferrari's in question were 05 Spiders lo 150's. I just thought the Gallardo was a better deal being an 06 and 40k less.
     
  20. $$$=SPEED

    $$$=SPEED F1 Veteran

    Aug 18, 2004
    5,330
    Portland, Or. USA
    Full Name:
    Depends who's asking
    I have heard of LP560's for $180k as well. The SL though for around $140-150k is a hell of a deal for a brand new car, warranty 3 years and 530hp! Yes I am sure hey will go down some but buy now and enjoy worry free other than the fact of maybe loosing $20k over a few years. Look at all that driving though.

    Like previously said, once dealers get rid of excess inventory then I believe this limited production car will stabilize in price as well.
     
  21. kverges

    kverges F1 Rookie

    Nov 18, 2003
    3,179
    Dallas
    Full Name:
    Keith Verges
    Buy it if you want it. You are dreaming if you think any late model car won't go down more, especially in the current economy. You can either have an exotic and pay for it or sit on the sidelines forever looking for the "perfect" deal that will not go down in value. If you want a car that will hold its value, it better have incredibly low production or be 20+ years old.
     
  22. smooth

    smooth Formula Junior

    Nov 4, 2005
    682
    I seen people say this. BUT ......... where does anyone see an LP 560 selling for $180K ???
     
  23. ECS

    ECS Karting

    Oct 26, 2004
    97
    Missouri
    Full Name:
    Brian Albertson
    Here is a post made on the "other site". Just another opinion, so take it for what it is worth. This was also a topic about the Gallardo Superleggera and values.

    QUOTE:

    Here is a situation that occurred on a couple of popular exotics in the last couple years. Now, I do know the economic situation is much different at this time, which may make this all irrelevant in today's market.

    The Porsche CGT brought huge premiums when it first arrived. The premium over MSRP disappeared, and this caused many people to cancel their order with their dealer. This left an abundance of unsold inventory. Dealers got a little help from Porsche to bring their cost to about $411k for CGT in inventory. Quite a few dealers sold their cars at a loss in the 390-400 range to get rid of them. Once these cars were sold, then the prices went back up a little. Otherwise, no more new inventory ever.
    The Ford GT followed a very similar path to the CGT. There is one big factor that also attributed to these market trends{unlike Lambo and ferrari's}, that is no longer the case. That is, there was overseas demand with a weak dollar overseas. With no overseas market left, and a weak economy, these cars were one of the last to succumb to decreasing values.

    Out of all the exotics, the Gallardo has more activity right now than other exotic out there. There are quite a few of these cars being sold as we speak. When that happens, a baseline price is established for a vehicle. Everyone wants to buy when the market is at the lowest level possible. The Gallardo, even at “tens of thousands” more dollars was still a great "Bang for the Buck" in the exotic world. It's exotic, fast, comfortable, reliable, and will make an average driver look great because of its excellent handling characteristics.

    This brings me to the original post about the Gallardo Superleggera. These are 250k MSRP cars that were selling for MSRP. Now you can buy sub 1k mile cars for 150k, and people are waiting for them to get cheaper. Those people that just recently purchased these “divebombing valued SL’s” felt comfortable enough with their economic situation at this time to buy one of these cars. What happens when the dealers sell their remaining inventory {that had huge incentives from the factory}? Say an SL owner thinks he wants to trade his SL. What is he going to buy for 150k to replace it? A 2005 or 06 F-430 coupe? I don’t think so. Is it going to be worth $60-80k to trade for a new 560? I don’t think so. Now people think they can buy a slightly used 560 for 175K. Find me one out there. Realistically 190-200K. That is 50k more than the SL for a 560{ that has not been proven mechanically}. I know from experience, there is a huge gap in the amount of people that can spend 200k on a vehicle, as opposed to 150K. 150k seems to be a major cutoff point in selling exotics.

    I do feel the SL is a special Gallardo. It was the last year in the Gallardo era. It’s lighter, more powerful along with many standard features that were optional on regular Gallardos, and some features that just were not even available. Take a close look at the SL's standard equipment list, and you will see it is no ordinary Gallardo{although I hate the stripe}.The SL has almost a “cultish” following among owners and enthusiasts, which I believe is well deserved.
    While none of us have a “Crystal ball” when it comes to values, I still believe the SL is worth at least 135K a year from now{with decent miles}. How many cars{regardless of price} can you drive for 10% depreciation in year?

    My thoughts are if you want an SL buy it now, while there is still a supply of them out there. You’ll be glad you did!
     
  24. Bluehinder

    Bluehinder Formula Junior

    Aug 9, 2005
    889
    Colorado
    Good advice.

    Where can one find these SL's for $150K?
     
  25. ECS

    ECS Karting

    Oct 26, 2004
    97
    Missouri
    Full Name:
    Brian Albertson
    I guess he found one{above}. And this other thread from that other place. LOL



    http://www.**********.com/forum/index.php?showtopic=38607

    Blue Hinder, send me an email, ad I will send the used 560 pic's. I'll be glad to place a bid on your behalf once we have all the information.

    Thanks!

    Brian
     

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