How much do people pay for a gallardo or 430 monthly? | FerrariChat

How much do people pay for a gallardo or 430 monthly?

Discussion in 'Canada' started by TonytheTuner, May 13, 2006.

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  1. TonytheTuner

    TonytheTuner Rookie

    Nov 8, 2005
    7
    lease and buy, does anyone know how much a 260k ish car would go for in a month (including insurance)?
     
  2. clifftang_996

    clifftang_996 Rookie

    Feb 15, 2006
    12
    I paid $100,000 down and $3000 per month
    and the insurance is around $10000 a year without discount
     
  3. brim

    brim Guest

    Dec 20, 2004
    1,187

    For your sake, with the numbers you posted, I honestly hope you were joking.
     
  4. MS250

    MS250 Two Time F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
    26,574
    Full Name:
    Avvocato
    If you had to lease, 25% down, plus 7.5% interest for 3 yrs (do the math) plus taxes.
     
  5. JamesSimpson

    JamesSimpson F1 Rookie

    Jun 29, 2005
    3,629
    Toronto,CANADA
    Full Name:
    James Simpson
    wow you got smoked!, i have a client that paid $114,000 down/cap cost $298,000 payments: $1401 TAXES IN/MONTH buyout of $191,000
     
  6. arshad

    arshad Formula Junior

    Mar 10, 2004
    648
    Toronto, Canada
    Full Name:
    Arshad
    The numbers aren't necessarily that far off, assuming it is financed, and depending on the term (36, 48, 60?). Also I'm assuming he's talking in CAD, not USD. Insurance also seems in line for a new car with its risk rating and replacement value. I'm assuming deductible is $5k or so as well, right?
     
  7. ToddB

    ToddB Formula 3

    Nov 4, 2003
    2,241
    Vancouver B.C./OC
    Full Name:
    Todd
    10,000 for insurance, damn us Vancouver guys have it easy.
     
  8. JamesSimpson

    JamesSimpson F1 Rookie

    Jun 29, 2005
    3,629
    Toronto,CANADA
    Full Name:
    James Simpson
    not really you're kinda ugly out there.
     
  9. Kds

    Kds F1 World Champ

    I have a 2005 F430 Spider for sale right now which can be leased (in fact it was leased when I sold it last year)...........$150K security deposit required.......$3,875 mo + GST.....36 months......etc...etc....
     
  10. NHeerDesign

    NHeerDesign Formula Junior

    Jan 25, 2006
    600
    Canada
    Full Name:
    Nick
    lol That's terrible! And funny... all at the same time.
     
  11. ClassicFerrari

    ClassicFerrari F1 World Champ
    Lifetime Rossa

    Jan 7, 2004
    16,798
    Toronto
    Full Name:
    Vasco
    Heheh, well you know James. He's a terribly funny guy! ;)

    But the number's in post #2 do sound high. Possibly a finance deal?
     
  12. clifftang_996

    clifftang_996 Rookie

    Feb 15, 2006
    12

    i am in Vancouver.....$100,000 down + $3000 a month (39) + $130,000 buyout....i think this is OK!!!
     
  13. brim

    brim Guest

    Dec 20, 2004
    1,187

    The only way I can get your numbers to work, according to my lease calculator, is if you are being charged 15% interest (money factor of 0.00625).

    I'm guessing the 3k a month includes GST and PST. It however should not include your insurance costs. Did you include your insurance costs in your 3k figure?

    Okay, that must have been what you did. If one backs out 833 per month, your interest rate comes in around 9%, which is still very high for third party lenders. Out of Vancouver, I'm guessing you used either Transportaction or WS Leasing.

    Better have a chat with those boys about your lease rate.
     
  14. b-mak

    b-mak F1 Veteran

    I paid cash for my Gallardo.
     
  15. f40carlo

    f40carlo Formula Junior

    Dec 31, 2005
    364
    CANADA
    Full Name:
    Carlo
    I am parting with my F430 to buy a 288 GTO.

    $75K , 100% refundable security deposit. $2000/month taxes incl. 24 months remaining $253K Buyout. 2.8% rate.

    No flakes pls, send Private email if anyone's interested.

    About 1,500 kms, red, black interior with red piping, leather roofliner, scuderia Ferrari fender shields, f1, carbon fibre interior factory accents....as new. My PERSONAL car, I am not in the car biz.
     
  16. Kds

    Kds F1 World Champ

    Yumm....a 288 GTO.....

    Even thought I have a couple of hours of good seat time in this particular spider that I have for sale......for the money I'd go old school as well.......288/F40...etc.......
     

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