Urus residuals
Discussion
I am amazed by the resilience of Urus residuals. The cheapest car on the market is a 2018 with 16k miles at £180k which is close to list! I felt certain that after the first year they would have a reality check and fall off a cliff into the £150s.
1. Why are they holding up so well
2. Do you think that Covid will push them over the edge of said cliff now
Interested as I have one due for delivery!
1. Why are they holding up so well
2. Do you think that Covid will push them over the edge of said cliff now
Interested as I have one due for delivery!
So far they have done extremely well however in reality nothing will resist the affects of this virus and I expect the cars at £180k are not going to shift anytime soon. I expect these to be around £150k after lockdown.
If you have one on order you can obviously afford it so I wouldn't worry about it too much and look forward to enjoying it. Everything depreciates and the Urus has had a good somewhat unrealistic run. I nearly bought one last year but pulled out in the end and now glad I did
If you have one on order you can obviously afford it so I wouldn't worry about it too much and look forward to enjoying it. Everything depreciates and the Urus has had a good somewhat unrealistic run. I nearly bought one last year but pulled out in the end and now glad I did
I guess how well they hold up will to a degree depend on how Lamborghini manages supply - the UK is a bit on an insulated market thanks to RHD, so if they are careful (or if substantial import duties are introduced due to brexit), your car might hold up very well.
In any case all speculation and life is too short to worry about it - enjoy the car, I m sure it will be awesome
Post some pics once you are able to take delivery
In any case all speculation and life is too short to worry about it - enjoy the car, I m sure it will be awesome
Post some pics once you are able to take delivery
adamfawsitt said:
I am amazed by the resilience of Urus residuals. The cheapest car on the market is a 2018 with 16k miles at £180k which is close to list! I felt certain that after the first year they would have a reality check and fall off a cliff into the £150s.
1. Why are they holding up so well
2. Do you think that Covid will push them over the edge of said cliff now
Interested as I have one due for delivery!
I think they are great cars and clearly do a lot of people, they are high on my list... enjoy it when it arrives. GusB1. Why are they holding up so well
2. Do you think that Covid will push them over the edge of said cliff now
Interested as I have one due for delivery!
To be fair, he did ask about residuals...
I had one for 6 months and 5k miles last year. Sold it back to dealer for a bit less than list, as it was fair to do that after getting an early car. When i bought it, i expected to lose a fair bit, but after using it for a while it was too good an opportunity to get out with residuals doing so well.
In the end i found it too big, and too flash for a daily, but i guess the flash bit is why it's held up so well!
I wanted an SUV that drove well, and it was that for sure. Didn't care too much it was a Lambo, but others did, which meant you never went anywhwere under the radar, and were always aware of the value - not ideal for a daily, imo.
When they first came out, there was a production limitation but that was due to ramp up (another reason i thought better to exit).
I'm sure the lockdown will have created a backlog again, but it depends if that is counteracted by lower demand - either from affordability or acceptability of a Lambo SuV (which was never acceptable to many, to be fair!)
I had one for 6 months and 5k miles last year. Sold it back to dealer for a bit less than list, as it was fair to do that after getting an early car. When i bought it, i expected to lose a fair bit, but after using it for a while it was too good an opportunity to get out with residuals doing so well.
In the end i found it too big, and too flash for a daily, but i guess the flash bit is why it's held up so well!
I wanted an SUV that drove well, and it was that for sure. Didn't care too much it was a Lambo, but others did, which meant you never went anywhwere under the radar, and were always aware of the value - not ideal for a daily, imo.
When they first came out, there was a production limitation but that was due to ramp up (another reason i thought better to exit).
I'm sure the lockdown will have created a backlog again, but it depends if that is counteracted by lower demand - either from affordability or acceptability of a Lambo SuV (which was never acceptable to many, to be fair!)
Same predicament for me as the OP, got one that is supposed to be arriving in 2 months but clearly is going to be longer.
I can’t see the residuals staying as strong as they have done. Up until a month or two ago no cars were trading below £200k, then just before Corona we saw some cars listed at £180-190k so the real value now is realistically going to be less to try and shift them in a slow market.
Where that leaves the value of our newer cars is anyone’s guess. Lamborghini certainly aren’t going to be selling as many as they would have been expecting pre Covid. I plan to keep mine long term anyway so am less concerned.
I can’t see the residuals staying as strong as they have done. Up until a month or two ago no cars were trading below £200k, then just before Corona we saw some cars listed at £180-190k so the real value now is realistically going to be less to try and shift them in a slow market.
Where that leaves the value of our newer cars is anyone’s guess. Lamborghini certainly aren’t going to be selling as many as they would have been expecting pre Covid. I plan to keep mine long term anyway so am less concerned.
Drl22 said:
Saweep said:
I'm sure the same things were said of the Bentayga when it was first released too.
They seem to be dropping like a stone at the moment.
On this point the Bentayga is a mass produced car, relatively speaking, so does not provide a comparison. They seem to be dropping like a stone at the moment.
I think it is a valid comparison. The Bentayga was the top of the tree, performance SUV wise, until the Urus.
Saweep said:
Drl22 said:
Saweep said:
I'm sure the same things were said of the Bentayga when it was first released too.
They seem to be dropping like a stone at the moment.
On this point the Bentayga is a mass produced car, relatively speaking, so does not provide a comparison. They seem to be dropping like a stone at the moment.
I think it is a valid comparison. The Bentayga was the top of the tree, performance SUV wise, until the Urus.
Drl22 said:
Saweep said:
Drl22 said:
Saweep said:
I'm sure the same things were said of the Bentayga when it was first released too.
They seem to be dropping like a stone at the moment.
On this point the Bentayga is a mass produced car, relatively speaking, so does not provide a comparison. They seem to be dropping like a stone at the moment.
I think it is a valid comparison. The Bentayga was the top of the tree, performance SUV wise, until the Urus.
The Urus could be on a similar trajectory. Even if you don't want it to be.
Saweep said:
The Urus could be on a similar trajectory. Even if you don't want it to be.
The current URUS is petrol only. The new one coming out is Hybrid.https://robbreport.com/motors/cars/lamborghini-uru...
hyphen said:
Saweep said:
The Urus could be on a similar trajectory. Even if you don't want it to be.
The current URUS is petrol only. The new one coming out is Hybrid.https://robbreport.com/motors/cars/lamborghini-uru...
Saweep said:
Drl22 said:
Saweep said:
Drl22 said:
Saweep said:
I'm sure the same things were said of the Bentayga when it was first released too.
They seem to be dropping like a stone at the moment.
On this point the Bentayga is a mass produced car, relatively speaking, so does not provide a comparison. They seem to be dropping like a stone at the moment.
I think it is a valid comparison. The Bentayga was the top of the tree, performance SUV wise, until the Urus.
The Urus could be on a similar trajectory. Even if you don't want it to be.
Didn’t you post about having a 25p bentayga recently somewhere? Who is trying to make themselves feel better here?
Edited by Drl22 on Monday 20th April 21:24
Saweep said:
hyphen said:
Saweep said:
The Urus could be on a similar trajectory. Even if you don't want it to be.
The current URUS is petrol only. The new one coming out is Hybrid.https://robbreport.com/motors/cars/lamborghini-uru...
VW is investing heavily in technology, and EV technology. They will keep iteratively releasing tweaked models.
At the moment, if you want a Performance SUV from a supercar brand URUS is where its at though, so should be ok short term or even medium term as I think production numbers are capped?
Edited by hyphen on Monday 20th April 21:27
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