[TheLoLo]

Quick question: what was normal depreciation like on a Huracan pre-covid/supply chain issues, etc?

 

[2Tired]

Quick question: what was normal depreciation like on a Huracan pre-covid/supply chain issues, etc?

 

[static_analysis]

You got to look at depreciation as the cost of building your own car and being the original owner.

 

[2Tired]

You got to look at depreciation as the cost of building your own car and being the original owner.

Assuming you care about either of those things, of course.

 

[TheLoLo]

So essentially if you're an original owner that purchased at MSRP you lose around 25-30% over the first three years. Not horrible.

 

[Dreamformante]

So essentially if you're an original owner that purchased at MSRP you lose around 25-30% over the first three years. Not horrible.

I feel like that's the way it always has been for luxury cars, no?
I mean of course you get certain models that might not be as desired, so they fall off quicker.
Conversely others that are more appealing to buyers(rare editions but also just more exciting car models).

But other then that you would usually expect to lose about a quarter in the prime years of ownership?
You seem surprised, were you expecting less or more for the "normal" depreciation rate?

 

[TheLoLo]

I feel like that's the way it always has been for luxury cars, no?
I mean of course you get certain models that might not be as desired, so they fall off quicker.
Conversely others that are more appealing to buyers(rare editions but also just more exciting car models).

But other then that you would usually expect to lose about a quarter in the prime years of ownership?
You seem surprised, were you expecting less or more for the "normal" depreciation rate?

I was expecting more depreciation. I'm more used to coming from "normal" cars. My other car is a BMW X7 and I would think that thing would depreciate by 40%+ over 3 years in normal times.

 

[Dreamformante]

I was expecting more depreciation. I'm more used to coming from "normal" cars. My other car is a BMW X7 and I would think that thing would depreciate by 40%+ over 3 years in normal times.

I think that desirability plays a huge role in price depreciation. It ultimately comes down to whether the car is appealing to buyers, as the purchase is usually driven by emotion(or at least the intention to have an experience).
A boring car like an A8 has horrendous depreciation, mostly because it's pretty common and nobody really dreams about it as much. Doesn't mean it's a bad car though.
It's strange to think about it, but purchasing an "irrational" exotic might actually be financially rational relative to a high-end regular car.

 

[static_analysis]

Assuming you care about either of those things, of course.

If you don’t care then you just buy used at a discount.

 

[2Tired]

If you don’t care then you just buy used at a discount.

Yup, yup, which is almost always my go to. Saved myself $60k buying one of my last vehicles 2 years old.

 

[lambo_dream]

Anyone remember what the depreciation on 06/07 Gallardos was in 2013/2014?

 

[angry banker]

interesting article, seems like dealers are getting desperate and are trying to prop up a flailing market.

That Drop in Used Vehicle Wholesale Prices Already Fizzled. Prices Rise Again. Dealer Listing Prices Hit Record $28,365

Buyers’ revolt, sales plunge 19%. But dealers, sitting on high-priced inventory, resist price cuts, which would boost sales.

wolfstreet.com

 

[Huracaan]

Yup, it's the scumbag dealers who created this market but the end is near and I wouldn't be surprised if some of these dealers go under because they're holding overpriced inventory which they're going to have a hard time moving.

And I was looking at the current Lambo market, when you combine the H, U and A there's close to a 1000 Lambos available on the market right now which is pretty insane considering dealers pumping this BS narrative about supply issues.

The amount of cars sitting on the market as we head towards summer should be a concern for dealers but also anyone buying and willing to pay over list. You can guess where prices will be in 6 months if inventory doesn't decrease in the next month or two.

 

[kotykb]

With equities selling off like they are and the housing market is next in my opinion, I’m not surprised the Lambos on the used market keeps cranking up.

 

[Kratos]

Keep on selling, keep putting these babies on the market, flood it with Lambos........us patient lurkers are gonna scoop up some crazy deals in 2023 when the bottom comes out.

 

[kotykb]

Keep on selling, keep putting these babies on the market, flood it with Lambos........us patient lurkers are gonna scoop up some crazy deals in 2023 when the bottom comes out.

How do we buy put contracts on the supercar market haha jk

 

[angry banker]

Well you can wait or you can buy this 20k mile 2017 lp 580 for $270k. Your choice.

Autotrader - page unavailable

www.autotrader.com

Keep on selling, keep putting these babies on the market, flood it with Lambos........us patient lurkers are gonna scoop up some crazy deals in 2023 when the bottom comes out.

 

[Kratos]

Well you can wait or you can buy this 20k mile 2017 lp 580 for $270k. Your choice.

Autotrader - page unavailable

www.autotrader.com

Maaaaannn.....this market. Lol
The patient ones will win big.

 

[RayVegas]

Out of curiosity, does anyone know what used inventory was like in the past compared to the number of vehicles on the market today?

 

[angry banker]

Out of curiosity, does anyone know what used inventory was like in the past compared to the number of vehicles on the market today?

Significantly lower, I remember seeing only 14 EVO rwd for sale at the low point in early 21 I believe, and a few were below MSRP. There’s over 80 today (none under MSRP)