Gallardo hire - £35k for 12months
Discussion
Ok, so Lambo UK are advertising the following offer (roughly) in Top Marques recently:
2004 Gallardo, Advertised price of £115k.
You pay £25k deposit, and then pay £850pcm for 12 months.
At the end of 12 months you pay a guaranteed £90k for the car (or just give the car back).
Now after 12 months, £90k is about all you're going to get at trade value for the Gallardo, hence you'll probably just return the car. So its very similar to hiring for a year.
However: you have spent £25k plus 12 * £850 = £35k in one year.
Wow.
2004 Gallardo, Advertised price of £115k.
You pay £25k deposit, and then pay £850pcm for 12 months.
At the end of 12 months you pay a guaranteed £90k for the car (or just give the car back).
Now after 12 months, £90k is about all you're going to get at trade value for the Gallardo, hence you'll probably just return the car. So its very similar to hiring for a year.
However: you have spent £25k plus 12 * £850 = £35k in one year.
Wow.
kryten22uk said:
Ok, so Lambo UK are advertising the following offer (roughly) in Top Marques recently:
2004 Gallardo, Advertised price of £115k.
You pay £25k deposit, and then pay £850pcm for 12 months.
At the end of 12 months you pay a guaranteed £90k for the car (or just give the car back).
Now after 12 months, £90k is about all you're going to get at trade value for the Gallardo, hence you'll probably just return the car. So its very similar to hiring for a year.
However: you have spent £25k plus 12 * £850 = £35k in one year.
Wow.
Same can be said of any finance package. However, this is not the same as hiring it. Consider running and maintenance costs, hirer profit and contingencies, as well as the insurance premium (and excess). I would be surprised if you found anyone prepared to hire out a Gallardo for £3k a week, let alone £3k a month.
The daily rate (outside the UK) to hire a Gallardo is about £1100 a day from what I can see. The excess is a serious 5 figure amount.
So maybe not a great deal, but a lot cheaper than hiring one over the same period.
v12v8 said:
Ok, so Lambo UK are advertising the following offer (roughly) in Top Marques recently:
2004 Gallardo, Advertised price of £115k.
You pay £25k deposit, and then pay £850pcm for 12 months.
At the end of 12 months you pay a guaranteed £90k for the car (or just give the car back).
Now after 12 months, £90k is about all you're going to get at trade value for the Gallardo, hence you'll probably just return the car. So its very similar to hiring for a year.
However: you have spent £25k plus 12 * £850 = £35k in one year.
Wow.
Same can be said of any finance package. However, this is not the same as hiring it. Consider running and maintenance costs, hirer profit and contingencies, as well as the insurance premium (and excess). I would be surprised if you found anyone prepared to hire out a Gallardo for £3k a week, let alone £3k a month.
The daily rate (outside the UK) to hire a Gallardo is about £1100 a day from what I can see. The excess is a serious 5 figure amount.
So maybe not a great deal, but a lot cheaper than hiring one over the same period.
Cheaper than owning one too if the wheels come off the residuals.
My Murcie cost me 30k deposit, bout £1500 a month for 3 yrs with a £125k balloon, on a £172k price - so if the car isnt worth £125k after 3 years (no way at the mileage I do) its time to remortgage another house to find the difference.
But the thing is its worth it cos I love it. I dont care that it'll cost £200k if I keep the agreement running to the end, cos that car more than anything else motivates me to work harder,cos I know i'll lose it if I don't. After another sh*it day it makes me jump up and down when I see it, it pulls birds like i've never experienced in my life (and I ain't Brad Pitt),but the thrill of seeing it parked on the drive is fab.
I don't think you can put a monetary value on some things in life, including owning a supercar because the spin off benefits I describe, even considering the odd sleepless night - is well worth it.
But the thing is its worth it cos I love it. I dont care that it'll cost £200k if I keep the agreement running to the end, cos that car more than anything else motivates me to work harder,cos I know i'll lose it if I don't. After another sh*it day it makes me jump up and down when I see it, it pulls birds like i've never experienced in my life (and I ain't Brad Pitt),but the thrill of seeing it parked on the drive is fab.
I don't think you can put a monetary value on some things in life, including owning a supercar because the spin off benefits I describe, even considering the odd sleepless night - is well worth it.
simonspider said:
My Murcie cost me 30k deposit, bout £1500 a month for 3 yrs with a £125k balloon, on a £172k price - so if the car isnt worth £125k after 3 years (no way at the mileage I do) its time to remortgage another house to find the difference.
Wow, thats refreshingly reasonable, but I suppose its all down to the Final Valuation as you say..
still, its a very cheap way to own a Hypercar for 3 years.
/me goes off to ponder.
poorcardealer said:
There is a Bright Green Muci I keep seeing on the outskirts of Leeds/Dewsbury, do you know the car Simon?
That is odd you should say that. I was sat in a bar in Leeds when a bright green Murcie on an 04 reg plate pulled up outside - it was'nt the sickly green more a pearl green, but difficult to see in the light mate. Be interested to know whose it is. Theres a 54 plate in dark grey knocking about Leeds - LUFC player so i'm told. Dewsbury eh? Grew up there - not a nice place anymore feel very uncomfortable driving the Murcie through there to see the parents. I bet your'e going to tell me you live there now!!
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