Official Diablo Value Thread

I purchased a black '91 Diablo a few months ago, I'm curious to see where values go from here, I seriously doubt early cars will ever go lower. In any case I love love love my car and don't ever see selling it. What an event it is every time I take it out. It makes my F355 seem pedestrian. I bought an early car for the clean styling, pop up headlights, and RWD. Three black early cars sold around the same time and the prices varied, but around $85-90K was all it took. I wouldn't sell mine for $100K today. I got priced out of the Countach market but I think an early Diablo isn't the next best thing, I think it's better. Still extremely raw, but a little more usable and more power.

 

wld be great to see a 3 handle print!

 

I think the buy it now of $419k is overly optimistic. Shouldn't be much over $360k.

The market is being driven by credit. Once credit dries up, buyers will disappear. Fed raises interest rates (not likely the GDP figures being so dismal). Signs are pointing to another recession, credit will tighten. When that happens, classic cars will drop.

 

credit? no shot. credit is tight, not loose. getting a mortgage is hard even for the best borrowers. no one is borrowing money to buy cars - that was very much during the era of ninja lending. zero interest rates are causing people to do things with their cash, but it's cash - not debt.

 

^^ this.

Credit is extremely tight. The people buying these cars are looking for a place to park cash. You have an overvalued market, a low rate environment dividends at 2-4% and a housing market stumbling along. What is there to put your money into?
I knew something was up when I got 2 trade offers for 458's for my Diablo VT Roadster last year. Diablo and Testarossas are going up like crazy while 360's, 430's, and Murci's are going down fast.

Interesting that a previous poster says that 419k is way to much....should be 360k. Soooo......360k is considered normal now? lol

Shamile

Freeze....Miami Vice!

 

Australian reference - my insurance company just bumped by insured values for my Roadster and my SV to AU$500k. Two years ago it was hard work to get an insurance company in Australia to agree to a AU$200k insured value.

Two years ago, you would find as many as 9 Diablos listed for sale at any one time and they would sit for a LONG time and then sell for peanuts. Now, there are none and when one pops up every few months, it sells literally within hours for full ask, full asks that are getting higher and higher.

 

It really comes down to numbers. Diablos are the last of the small production Lamborghinis. Even same era Ferrari numbers are so much higher.

Shamile

Freeze...Miami Vice!

 

I was asked by a broker last week if id be willing to trade by 98 diablo sv for a 2012 aventador - the answer was obvious!

 

is it the red interior - this thing shld go quick no?
Lamborghini Diablo VT | eBay

 

Great looking combo!

 

I'm not so convinced on the Murci (or Gallardo) market going down fast part. Most seem to be holding their ground from what I can tell. Sure the newer cars are going to depreciate, but the only deals I have seen have a reason - high miles/wreck/salvage/customized.

 

I've seen 360's go down from 98k to 68k, f430 spiders go from 178k now to 120k, early Murci's to 120k and l.p. 640's cross under 200k in just the last couple of months.
I wonder if it's these newer cars that are most bought up by people even with good credit needing a loan but can't get one. While the collectors that have cash aren't interested in those but the classics.

Shamile
Freeze. ..Miami Vice!

 

I really love the aventador! But that car is already off 100k in two years. When you go to cars.com you see 7 Diablos but 81! Aventadors for sale. You know where that car's valuation is headed. The cheapest one I've seen was for 315k .......granted, it was an ugly combo. Some guy in GA. was selling a really beautiful one with 5k miles for 339k.

I just don't understand why there are so many for sale with such low mileage. Are people not liking them? Or, is that level of customer so high that a couple of thousand miles is enough to get bored with it?

Shamile

Freeze. ...Miami Vice!

 

It's not worth it. Sure the car is technically advanced but everyone has one. I hang out with a local Ferrari Lamborghini owners group and we meet once a month. It's all 430's, 458's l.p. 640's and g's. I'm the only guy there with a Diablo and a Roadster at that. People always come up and say that they've never seen one in person and that it's very over the top.

Shamile

Freeze. ..Miami Vice!

 

I really suspect more cars are being bought, new and old, with credit. The Ferrari problem is just an incredible production number compared to Lamborghini. Without googling, the 360 production is something like 20,000 units. Lamborghini might have made 40,000 cars since day one.

 

I just don't see the credit angle. During the financial crisis all my business lines of credit were pulled with never a late payment or high running balance. I now self fund my company and we are debt free and don't need any loans. But, I asked if they would reinstate one of the lines as a back up. Sure they said....just reapply. Yeah, I told them where to go. I'm also selling off my rentals and the buyers that want to buy can't get approved. Credit is still tight.

Shamile

Freeze. ..Miami Vice!

 

You dont think that honour will go to the early 2wd?

 

I've always seen the Diablos placed in 3 close pricing groups. The early 2wd + VT's then the Roadsters + SV's then the 6.0

Of course the special cars like the SE varients and GT have their own categories.

Shamile

Freeze. ..Miami Vice!

 

Early cars are lightest,
-No ABS
-No power steering
-No front lifting system
-No front wheel difrential, but strange thing is all cars do have tunnel for front drive shaft

I have driven -99 Roadster and 2WD car and two are world of diffrence, both bone stock, even exhaust.
Roadster felt like any easy driving car, not a big fan for later interior, but huge fan for old double row cauge dash. Early cars have classic "Ferrari Daytona" seats.


I have try to buy Diablo now for two months, but all cars seem to be sold or asking prices are rised.